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Livermore
Livermore
ZHEN

Denali Advisors LLC

SEC CIK
0001142941
Latest filing
Aug 10, 2026

Holdings in Q2 2021

Holdings as of Jun 30, 2021, filed Aug 20, 2021. Long positions only; changes compare share counts with Q1 2021.

Institution overview
Positions
273
−93 vs. Q1 2021
Portfolio value
$261.0M
−$64.3M (−19.8%) vs. Q1 2021
Filed
Aug 20, 2021
SEC
Holdings of Denali Advisors LLC in Q2 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
CIVICivitas Resources, Inc.COM NEW115,945$5.46M2.1%−26,947−18.9%ReducedHistory
CAI International, Inc.12477X106COM96,817$5.42M2.1%+37,232+62.5%Added–
INVAInnoviva, Inc.COM384,270$5.15M2.0%00.0%UnchangedHistory
EIGEmployers Holdings, Inc.COM118,638$5.08M1.9%+9,238+8.4%AddedHistory
MEIMethode Electronics IncCOM102,814$5.06M1.9%−700−0.7%ReducedHistory
GEFGreif, IncCL A83,194$5.04M1.9%−7,900−8.7%ReducedHistory
EGBNEagle Bancorp IncCOM89,508$5.02M1.9%+17,600+24.5%AddedHistory
GTNGray Media, IncCOM214,042$5.01M1.9%−21,260−9.0%ReducedHistory
ACCOAcco Brands CorpCOM556,006$4.80M1.8%+33,400+6.4%AddedHistory
AGMFederal Agricultural Mortgage CorpCL C47,300$4.68M1.8%−5,340−10.1%ReducedHistory
Townebank Portsmouth Va89214P109COM152,268$4.63M1.8%00.0%Unchanged–
ESGREnstar Group LTDSHS19,219$4.59M1.8%−1,502−7.2%ReducedHistory
IMKTAIngles Markets IncCL A78,568$4.58M1.8%+2,722+3.6%AddedHistory
FHIFederated Hermes, Inc.CL B134,900$4.57M1.8%−7,100−5.0%ReducedHistory
RUSHARush Enterprises IncCL A104,076$4.50M1.7%+500+0.5%AddedHistory
HOPEHope Bancorp IncCOM315,000$4.47M1.7%−32,300−9.3%ReducedHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW124,759$4.42M1.7%+12,613+11.2%AddedHistory
VSHVishay Intertechnology IncCOM193,500$4.36M1.7%+69,900+56.6%AddedHistory
KWKennedy-Wilson Holdings, Inc.COM215,200$4.28M1.6%00.0%UnchangedHistory
PRIMPrimoris Services CorpStock144,240$4.25M1.6%+46,667+47.8%AddedHistory
PDMPiedmont Realty Trust, Inc.COM CL A228,498$4.22M1.6%+3,929+1.7%AddedHistory
IBOCInternational Bancshares CorpCOM97,800$4.20M1.6%00.0%UnchangedHistory
MTXMinerals Technologies IncCOM51,600$4.06M1.6%+6,880+15.4%AddedHistory
MHOM/I Homes, Inc.COM68,975$4.05M1.6%−22,600−24.7%ReducedHistory
FRMEFirst Merchants CorpCOM95,600$3.98M1.5%−9,300−8.9%ReducedHistory
FIBKFirst Interstate Bancsystem IncCOM95,200$3.98M1.5%00.0%UnchangedHistory
CVSACovista Inc.COM104,100$3.71M1.4%+63,318+155.3%AddedHistory
CUBICustomers Bancorp, Inc.COM90,100$3.51M1.3%+24,270+36.9%AddedHistory
CMRECostamare Inc.SHS296,900$3.51M1.3%+157,500+113.0%AddedHistory
TRTNTriton International LtdCL A66,472$3.48M1.3%−11,391−14.6%ReducedHistory
NNINelnet IncCL A45,616$3.43M1.3%−7,100−13.5%ReducedHistory
MSG Network Inc553573106CL A229,558$3.35M1.3%00.0%Unchanged–
CENTACentral Garden & Pet CoCL A NON-VTG67,500$3.26M1.2%−28,745−29.9%ReducedHistory
PFSIPennyMac Financial Services, Inc.COM52,718$3.25M1.2%+5,500+11.6%AddedHistory
CNXNPC Connection IncCOM69,836$3.23M1.2%+8,700+14.2%AddedHistory
BIGGQFormer BL Stores IncCOM48,500$3.20M1.2%+48,500NewHistory
FFBCFirst Financial BancorpCOM133,600$3.16M1.2%00.0%UnchangedHistory
HCCWarrior Met Coal, Inc.COM176,300$3.03M1.2%00.0%UnchangedHistory
ASIXAdvanSix Inc.COM95,334$2.85M1.1%−6,328−6.2%ReducedHistory
PSNParsons CorpCOM70,511$2.77M1.1%+28,011+65.9%AddedHistory
SNEXStoneX Group Inc.COM45,600$2.77M1.1%+16,560+57.0%AddedHistory
KROKronos Worldwide IncCOM190,719$2.73M1.0%+17,019+9.8%AddedHistory
NWLINational Western Life Group, Inc.CL A12,100$2.71M1.0%−800−6.2%ReducedHistory
NMRKNewmark Group, Inc.CL A224,480$2.70M1.0%+130,880+139.8%AddedHistory
USNAUsana Health Sciences IncCOM23,513$2.41M0.9%+11,000+87.9%AddedHistory
AMCXAMC Global Media Inc.CL A35,400$2.37M0.9%+3,600+11.3%AddedHistory
RBCAARepublic Bancorp IncCL A49,400$2.28M0.9%−12,560−20.3%ReducedHistory
WORWorthington Enterprises, Inc.COM36,400$2.23M0.9%00.0%UnchangedHistory
JOUTJohnson Outdoors IncCL A16,600$2.01M0.8%+4,870+41.5%AddedHistory
PMTPennyMac Mortgage Investment TrustCOM94,200$1.98M0.8%+94,200NewHistory
RDNRadian Group IncCOM85,807$1.91M0.7%−126,400−59.6%ReducedHistory
MMIMarcus & Millichap, Inc.COM47,200$1.83M0.7%+32,800+227.8%AddedHistory
MTORMeritor, Inc.COM77,765$1.82M0.7%+77,765NewHistory
CRMTAmericas Carmart IncCOM12,806$1.81M0.7%−1,110−8.0%ReducedHistory
OECOrion S.A.COM94,396$1.79M0.7%00.0%UnchangedHistory
Barnes Group Inc067806109COM33,500$1.72M0.7%+33,500New–
GRBKGreen Brick Partners, Inc.COM73,569$1.67M0.6%−129,522−63.8%ReducedHistory
TNETTrinet Group, Inc.COM22,415$1.63M0.6%+22,400+149,333.3%AddedHistory
BUSEFirst Busey CorpCOM NEW65,400$1.61M0.6%+8,000+13.9%AddedHistory
TRMKTrustmark CorpCOM51,800$1.59M0.6%+20,900+67.6%AddedHistory
CATYCathay General BancorpCOM39,631$1.56M0.6%−56,600−58.8%ReducedHistory
AAMIAcadian Asset Management Inc.COM66,282$1.55M0.6%00.0%UnchangedHistory
GBLGamco Investors, Inc. Et AlCL A COM61,342$1.54M0.6%−4,100−6.3%ReducedHistory
PFSProvident Financial Services IncCOM64,500$1.48M0.6%+32,600+102.2%AddedHistory
PENGPenguin Solutions, Inc.SHS29,319$1.40M0.5%+29,319NewHistory
SKYWSkywest IncCOM31,900$1.37M0.5%00.0%UnchangedHistory
GICGlobal Industrial CoCOM36,823$1.35M0.5%+36,823NewHistory
WMKWeis Markets IncCOM26,128$1.35M0.5%−3,129−10.7%ReducedHistory
PATKPatrick Industries IncCOM17,633$1.29M0.5%−14,500−45.1%ReducedHistory
FBCFlagstar Bancorp IncCOM PAR .00127,900$1.18M0.5%−65,800−70.2%ReducedHistory
HTHHilltop Holdings Inc.COM32,329$1.18M0.5%+32,300+111,379.3%AddedHistory
LXPLXP Industrial TrustCOM98,200$1.17M0.4%+98,200NewHistory
HTLFHeartland Financial USA IncCOM24,500$1.15M0.4%+13,900+131.1%AddedHistory
MATXMatson, Inc.COM16,721$1.07M0.4%+16,700+79,523.8%AddedHistory
MRTNMarten Transport LtdCOM62,300$1.03M0.4%−52,700−45.8%ReducedHistory
RMRRMR Group Inc.CL A25,739$995.0K0.4%00.0%UnchangedHistory
KFRCKforce IncCOM14,100$887.0K0.3%+14,084+88,025.0%AddedHistory
CCSCentury Communities, Inc.COM13,100$872.0K0.3%−22−0.2%ReducedHistory
PAHCPhibro Animal Health CorpCL A COM29,900$864.0K0.3%00.0%UnchangedHistory
KOPKoppers Holdings Inc.COM26,300$851.0K0.3%+25,060+2,021.0%AddedHistory
PRDOPerdoceo Education CorpCOM68,100$836.0K0.3%+68,100NewHistory
UVVUniversal CorpCOM13,900$792.0K0.3%00.0%UnchangedHistory
WKCWorld Kinect CorpCOM21,629$686.0K0.3%+29+0.1%AddedHistory
GNWGenworth Financial IncCOM SHS167,500$653.0K0.3%−157,900−48.5%ReducedHistory
FORForestar Group Inc.COM31,045$649.0K0.2%+23,575+315.6%AddedHistory
BRK.BBerkshire Hathaway IncStock2,300$639.0K0.2%−9,200−80.0%ReducedHistory
SMPStandard Motor Products, Inc.Stock13,400$581.0K0.2%+13,400NewHistory
JPMJPMorgan Chase & CoStock3,700$575.0K0.2%−13,500−78.5%ReducedHistory
RDUSRadius Recycling, Inc.CL A11,600$569.0K0.2%+11,600NewHistory
BACBank of America CorpStock13,000$536.0K0.2%−51,700−79.9%ReducedHistory
MPXMarine Products Group, LLCCOM33,700$520.0K0.2%−19,430−36.6%ReducedHistory
SBTSterling Bancorp, Inc.COM114,300$520.0K0.2%−13,740−10.7%ReducedHistory
BIOBio-Rad Laboratories, Inc.CL A800$515.0K0.2%−2,200−73.3%ReducedHistory
INTCIntel CorpStock8,900$500.0K0.2%−26,100−74.6%ReducedHistory
GOOGLAlphabet Inc.Stock200$488.0K0.2%−400−66.7%ReducedHistory
VZVerizon Communications IncStock8,400$471.0K0.2%−28,200−77.0%ReducedHistory
BKEBuckle IncCOM9,441$470.0K0.2%+9,441NewHistory
HPQHP IncStock15,200$459.0K0.2%−44,100−74.4%ReducedHistory
MLIMueller Industries IncCOM10,500$455.0K0.2%+2,500+31.3%AddedHistory
LYBLyondellBasell Industries N.V.SHS - A -4,400$453.0K0.2%−13,000−74.7%ReducedHistory

Sold out since Q1 2021 (127)

Positions held at the end of Q1 2021 that are gone from this filing.

The largest 100 of 127 by value last quarter.

Positions of Denali Advisors LLC sold out since Q1 2021
SecurityClassShares in Q1 2021Value in Q1 2021% of portfolio in Q1 2021History
HRIHerc Holdings IncCOM29,919$3.03M0.9%History
HMNHorace Mann Educators CorpCOM47,600$2.06M0.6%History
AMPAmeriprise Financial IncCOM6,830$1.59M0.5%History
MGRCMcGrath RentcorpCOM19,400$1.56M0.5%History
Systemax Inc871851101COM36,342$1.49M0.5%–
HZOMarinemax IncCOM25,200$1.24M0.4%History
PSAPublic StorageCOM3,800$938.0K0.3%History
HUBGHub Group, Inc.CL A13,415$903.0K0.3%History
Michaels Cos Inc59408Q106COM37,900$832.0K0.3%–
CPRTCopart IncCOM7,500$815.0K0.3%History
PQ Group Hldgs Inc73943T103COM48,700$813.0K0.2%–
AFLAflac IncStock14,300$732.0K0.2%History
WINAWinmark CorpCOM3,900$727.0K0.2%History
MSMorgan StanleyStock8,800$683.0K0.2%History
HVTHaverty Furniture Companies IncCOM17,900$666.0K0.2%History
HTLDHeartland Express IncCOM29,200$572.0K0.2%History
WSTWest Pharmaceutical Services IncCOM2,000$564.0K0.2%History
UIUbiquiti Inc.COM1,800$537.0K0.2%History
FBL Finl Group Inc30239F106CL A9,600$537.0K0.2%–
ELSEquity Lifestyle Properties IncCOM8,100$515.0K0.2%History
HNIHni CorpStock11,000$435.0K0.1%History
WIREEncore Wire CorpCOM4,500$302.0K0.1%History
BANFBancfirst CorpCOM4,000$283.0K0.1%History
Hingham Instn SVGS Mass433323102COM680$193.0K0.1%–
ULHUniversal Logistics Holdings, Inc.COM7,240$190.0K0.1%History
QCRHQCR Holdings IncCOM3,980$188.0K0.1%History
HBNCHorizon Bancorp IncCOM9,960$185.0K0.1%History
RYZRyerson Holding CorpCOM10,870$185.0K0.1%History
CTBICommunity Trust Bancorp IncCOM4,180$184.0K0.1%History
RBBRBB BancorpCOM8,830$179.0K0.1%History
CNBKACentury Bancorp IncCL A NON VTG1,920$179.0K0.1%History
CCNECNB Financial CorpCOM7,140$176.0K0.1%History
OLPOne Liberty Properties IncCOM7,897$176.0K0.1%History
VSECVse CorpCOM4,310$170.0K0.1%History
ODFLOld Dominion Freight Line, Inc.COM700$168.0K0.1%History
LBCLuther Burbank CorpCOM14,230$168.0K0.1%History
USLMUnited States Lime & Minerals IncCOM1,250$167.0K0.1%History
UBAUrstadt Biddle Properties IncCL A10,060$167.0K0.1%History
MLRMiller Industries IncCOM NEW3,510$162.0K<0.1%History
PLPCPreformed Line Products CoCOM2,260$155.0K<0.1%History
EBSBMeridian Bancorp, Inc.COM8,260$152.0K<0.1%History
KEKimball Electronics, Inc.Stock5,770$149.0K<0.1%History
FONRFonar CorpCOM NEW8,040$145.0K<0.1%History
CIXCompx International IncCL A7,820$141.0K<0.1%History
WEYSWeyco Group IncCOM6,440$139.0K<0.1%History
WLFCWillis Lease Finance CorpCOM3,170$138.0K<0.1%History
FMBHFirst Mid Bancshares, Inc.COM3,060$134.0K<0.1%History
MBWMMercantile Bank CorpCOM4,080$132.0K<0.1%History
ALTAAltabancorpCOM2,940$124.0K<0.1%History
EPAMEPAM Systems, Inc.COM300$119.0K<0.1%History
NGVTIngevity CorpCOM1,500$113.0K<0.1%History
LBAILakeland Bancorp IncCOM6,340$111.0K<0.1%History
MCBMetropolitan Bank Holding Corp.COM2,040$103.0K<0.1%History
NODKNI Holdings, Inc.COM5,440$101.0K<0.1%History
NLNli Holdings, Inc.COM NEW12,710$95.0K<0.1%History
BYByline Bancorp, Inc.COM4,420$93.0K<0.1%History
PANLPangaea Logistics Solutions Ltd.SHS29,120$92.0K<0.1%History
IMXIInternational Money Express, Inc.COM5,670$85.0K<0.1%History
ESCAEscalade IncCOM3,960$83.0K<0.1%History
SGCSuperior Group of Companies, Inc.COM3,170$81.0K<0.1%History
LFVNLifevantage CorpCOM NEW8,260$77.0K<0.1%History
FISIFinancial Institutions IncCOM2,490$75.0K<0.1%History
IBCPIndependent Bank CorpCOM NEW2,910$69.0K<0.1%History
VLGEAVillage Super Market IncCL A NEW2,860$67.0K<0.1%History
PROSProSight Global, Inc.COM5,320$67.0K<0.1%History
NCNacco Industries IncCL A2,580$64.0K<0.1%History
CMCLCaledonia Mining Corp PlcSHS NEW3,850$55.0K<0.1%History
PDEXPro Dex IncCOM NEW1,820$49.0K<0.1%History
SMMFSummit Financial Group, Inc.COM1,800$48.0K<0.1%History
FITBFifth Third BancorpCOM1,200$45.0K<0.1%History
CACCamden National CorpCOM910$44.0K<0.1%History
Triple-S Mgmt Corp896749108CL B1,690$44.0K<0.1%–
MAAMid America Apartment Communities Inc.COM300$43.0K<0.1%History
RCKYRocky Brands, Inc.COM790$43.0K<0.1%History
GWWW.W. Grainger, Inc.Stock100$40.0K<0.1%History
RMRegional Management Corp.COM1,130$39.0K<0.1%History
BSRRSierra BancorpCOM1,360$36.0K<0.1%History
PAMTPamt CorpCOM560$35.0K<0.1%History
CONNConns IncCOM1,690$33.0K<0.1%History
VMDViemed Healthcare, Inc.COM3,170$32.0K<0.1%History
ATLCAtlanticus Holdings CorpCOM1,020$31.0K<0.1%History
WRIWeingarten Realty InvestorsSH BEN INT1,143$31.0K<0.1%History
MCBSMetroCity Bankshares, Inc.COM1,930$30.0K<0.1%History
RJETRepublic Airways Holdings Inc.COM NEW2,260$30.0K<0.1%History
HBBHamilton Beach Brands Holding CoCOM CL A1,600$29.0K<0.1%History
ARQArq, Inc.COM5,350$29.0K<0.1%History
ULBIUltralife CorpCOM3,510$29.0K<0.1%History
MCBCMacatawa Bank CorpCOM2,940$29.0K<0.1%History
NGVCNatural Grocers by Vitamin Cottage, Inc.COM1,370$24.0K<0.1%History
NHTCNatural Health Trends CorpCOM3,500$24.0K<0.1%History
SNASnap-on IncCOM100$23.0K<0.1%History
VVVValvoline IncCOM900$23.0K<0.1%History
ELMDElectromed, Inc.Stock2,120$22.0K<0.1%History
FPIFarmland Partners Inc.COM1,920$22.0K<0.1%History
SPFISouth Plains Financial, Inc.COM960$22.0K<0.1%History
GNTXGentex CorpCOM600$21.0K<0.1%History
IRMDIradimed CorpCOM800$21.0K<0.1%History
FMNBFarmers National Banc CorpCOM1,250$21.0K<0.1%History
DLBDolby Laboratories, Inc.COM CL A200$20.0K<0.1%History
DLTHDuluth Holdings Inc.COM CL B1,130$19.0K<0.1%History