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Livermore
Livermore
ZHEN

Denali Advisors LLC

SEC CIK
0001142941
Latest filing
Aug 10, 2026

Holdings in Q3 2021

Holdings as of Sep 30, 2021, filed Oct 12, 2021. Long positions only; changes compare share counts with Q2 2021.

Institution overview
Positions
289
+16 vs. Q2 2021
Portfolio value
$239.1M
−$21.9M (−8.4%) vs. Q2 2021
Filed
Oct 12, 2021
SEC
Holdings of Denali Advisors LLC in Q3 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
INVAInnoviva, Inc.COM276,070$4.61M1.9%−108,200−28.2%ReducedHistory
CMRECostamare Inc.SHS291,325$4.51M1.9%−5,575−1.9%ReducedHistory
CUBICustomers Bancorp, Inc.COM104,223$4.48M1.9%+14,123+15.7%AddedHistory
GEFGreif, IncCL A67,694$4.37M1.8%−15,500−18.6%ReducedHistory
RUSHARush Enterprises IncCL A93,576$4.23M1.8%−10,500−10.1%ReducedHistory
AGMFederal Agricultural Mortgage CorpCL C38,800$4.21M1.8%−8,500−18.0%ReducedHistory
Townebank Portsmouth Va89214P109COM134,768$4.19M1.8%−17,500−11.5%Reduced–
EGBNEagle Bancorp IncCOM72,323$4.16M1.7%−17,185−19.2%ReducedHistory
IMKTAIngles Markets IncCL A62,262$4.11M1.7%−16,306−20.8%ReducedHistory
HTHHilltop Holdings Inc.COM123,029$4.02M1.7%+90,700+280.6%AddedHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW111,909$3.97M1.7%−12,850−10.3%ReducedHistory
GHCGraham Holdings CoCOM CL B6,709$3.95M1.7%+6,700+74,444.4%AddedHistory
ACCOAcco Brands CorpCOM455,306$3.91M1.6%−100,700−18.1%ReducedHistory
EIGEmployers Holdings, Inc.COM97,300$3.84M1.6%−21,338−18.0%ReducedHistory
ESGREnstar Group LTDSHS16,200$3.80M1.6%−3,019−15.7%ReducedHistory
EAFGraftech International LtdCOM367,888$3.80M1.6%+366,700+30,867.0%AddedHistory
GTNGray Media, IncCOM166,142$3.79M1.6%−47,900−22.4%ReducedHistory
KWKennedy-Wilson Holdings, Inc.COM180,900$3.78M1.6%−34,300−15.9%ReducedHistory
IBOCInternational Bancshares CorpCOM88,400$3.68M1.5%−9,400−9.6%ReducedHistory
CVSACovista Inc.COM97,331$3.68M1.5%−6,769−6.5%ReducedHistory
PDMPiedmont Realty Trust, Inc.COM CL A209,898$3.66M1.5%−18,600−8.1%ReducedHistory
MHOM/I Homes, Inc.COM62,675$3.62M1.5%−6,300−9.1%ReducedHistory
HCCWarrior Met Coal, Inc.COM148,900$3.46M1.4%−27,400−15.5%ReducedHistory
AXAxos Financial, Inc.COM67,000$3.45M1.4%+67,000NewHistory
ASIXAdvanSix Inc.COM86,616$3.44M1.4%−8,718−9.1%ReducedHistory
FIBKFirst Interstate Bancsystem IncCOM82,500$3.32M1.4%−12,700−13.3%ReducedHistory
NNINelnet IncCL A41,416$3.28M1.4%−4,200−9.2%ReducedHistory
SNEXStoneX Group Inc.COM47,600$3.14M1.3%+2,000+4.4%AddedHistory
CIVICivitas Resources, Inc.COM NEW64,612$3.10M1.3%−51,333−44.3%ReducedHistory
PFSIPennyMac Financial Services, Inc.COM49,818$3.04M1.3%−2,900−5.5%ReducedHistory
FFBCFirst Financial BancorpCOM129,600$3.03M1.3%−4,000−3.0%ReducedHistory
PATKPatrick Industries IncCOM36,200$3.02M1.3%+18,567+105.3%AddedHistory
MEIMethode Electronics IncCOM71,614$3.01M1.3%−31,200−30.3%ReducedHistory
NMRKNewmark Group, Inc.CL A207,563$2.97M1.2%−16,917−7.5%ReducedHistory
SEMSelect Medical Holdings CorpCOM75,340$2.73M1.1%+75,300+188,250.0%AddedHistory
CNXNPC Connection IncCOM61,611$2.71M1.1%−8,225−11.8%ReducedHistory
VSHVishay Intertechnology IncCOM133,600$2.68M1.1%−59,900−31.0%ReducedHistory
TGNATegna IncCOM136,037$2.68M1.1%+135,753+47,800.4%AddedHistory
HOPEHope Bancorp IncCOM182,100$2.63M1.1%−132,900−42.2%ReducedHistory
PRIMPrimoris Services CorpStock98,600$2.42M1.0%−45,640−31.6%ReducedHistory
KROKronos Worldwide IncCOM186,719$2.32M1.0%−4,000−2.1%ReducedHistory
PFSProvident Financial Services IncCOM96,800$2.27M1.0%+32,300+50.1%AddedHistory
ANATAmerican National Group IncCOM NEW12,005$2.27M0.9%+12,005NewHistory
NWLINational Western Life Group, Inc.CL A10,400$2.19M0.9%−1,700−14.0%ReducedHistory
BCCBoise Cascade CoCOM38,365$2.07M0.9%+38,365NewHistory
USNAUsana Health Sciences IncCOM21,013$1.94M0.8%−2,500−10.6%ReducedHistory
MMIMarcus & Millichap, Inc.COM47,200$1.92M0.8%00.0%UnchangedHistory
CATYCathay General BancorpCOM45,631$1.89M0.8%+6,000+15.1%AddedHistory
ADArray Digital Infrastructure, Inc.COM56,489$1.80M0.8%+56,328+34,986.3%AddedHistory
TNETTrinet Group, Inc.COM18,039$1.71M0.7%−4,376−19.5%ReducedHistory
WORWorthington Enterprises, Inc.COM32,200$1.70M0.7%−4,200−11.5%ReducedHistory
RBCAARepublic Bancorp IncCL A32,000$1.62M0.7%−17,400−35.2%ReducedHistory
WIREEncore Wire CorpCOM16,846$1.60M0.7%+16,846NewHistory
GBLGamco Investors, Inc. Et AlCL A COM59,042$1.56M0.7%−2,300−3.7%ReducedHistory
MTORMeritor, Inc.COM72,629$1.55M0.6%−5,136−6.6%ReducedHistory
VNDAVanda Pharmaceuticals Inc.COM89,300$1.53M0.6%+89,300NewHistory
JOUTJohnson Outdoors IncCL A14,300$1.51M0.6%−2,300−13.9%ReducedHistory
OECOrion S.A.COM80,396$1.47M0.6%−14,000−14.8%ReducedHistory
WMKWeis Markets IncCOM27,800$1.46M0.6%+1,672+6.4%AddedHistory
PRDOPerdoceo Education CorpCOM138,300$1.46M0.6%+70,200+103.1%AddedHistory
SFNCSimmons First National CorpCL A $1 PAR47,800$1.41M0.6%+47,800NewHistory
ENVAEnova International, Inc.COM40,000$1.38M0.6%+35,600+809.1%AddedHistory
SKYWSkywest IncCOM27,200$1.34M0.6%−4,700−14.7%ReducedHistory
CRMTAmericas Carmart IncCOM11,206$1.31M0.5%−1,600−12.5%ReducedHistory
BRK.BBerkshire Hathaway IncStock4,300$1.17M0.5%+2,000+87.0%AddedHistory
LXPLXP Industrial TrustCOM89,800$1.15M0.5%−8,400−8.6%ReducedHistory
HTLFHeartland Financial USA IncCOM23,600$1.14M0.5%−900−3.7%ReducedHistory
SMPStandard Motor Products, Inc.Stock25,100$1.10M0.5%+11,700+87.3%AddedHistory
JPMJPMorgan Chase & CoStock6,500$1.06M0.4%+2,800+75.7%AddedHistory
OTTROtter Tail CorpCOM18,916$1.06M0.4%+18,916NewHistory
AAMIAcadian Asset Management Inc.COM39,200$1.02M0.4%−27,082−40.9%ReducedHistory
FORForestar Group Inc.COM54,590$1.02M0.4%+23,545+75.8%AddedHistory
MRTNMarten Transport LtdCOM62,300$977.0K0.4%00.0%UnchangedHistory
SANMSanmina CorpCOM25,300$975.0K0.4%+25,300NewHistory
ARIApollo Commercial Real Estate Finance, Inc.COM59,700$885.0K0.4%+59,700NewHistory
BACBank of America CorpStock20,800$883.0K0.4%+7,800+60.0%AddedHistory
KOPKoppers Holdings Inc.COM27,200$850.0K0.4%+900+3.4%AddedHistory
KFRCKforce IncCOM14,100$841.0K0.4%00.0%UnchangedHistory
INTCIntel CorpStock15,200$810.0K0.3%+6,300+70.8%AddedHistory
VZVerizon Communications IncStock14,700$794.0K0.3%+6,300+75.0%AddedHistory
CENTACentral Garden & Pet CoCL A NON-VTG18,100$778.0K0.3%−49,400−73.2%ReducedHistory
LYBLyondellBasell Industries N.V.SHS - A -8,100$760.0K0.3%+3,700+84.1%AddedHistory
BUSEFirst Busey CorpCOM NEW29,700$732.0K0.3%−35,700−54.6%ReducedHistory
WMTWalmart Inc.Stock5,200$725.0K0.3%+3,200+160.0%AddedHistory
CECelanese CorpStock4,800$723.0K0.3%+2,200+84.6%AddedHistory
GICGlobal Industrial CoCOM18,800$712.0K0.3%−18,023−48.9%ReducedHistory
GDGeneral Dynamics CorpStock3,600$706.0K0.3%+1,500+71.4%AddedHistory
ORCLOracle CorpStock8,100$706.0K0.3%+2,600+47.3%AddedHistory
PEGPublic Service Enterprise Group IncCOM11,600$706.0K0.3%+4,900+73.1%AddedHistory
CBRECbre Group, Inc.CL A7,100$691.0K0.3%+2,400+51.1%AddedHistory
FRMEFirst Merchants CorpCOM16,500$690.0K0.3%−79,100−82.7%ReducedHistory
RMRRMR Group Inc.CL A20,239$677.0K0.3%−5,500−21.4%ReducedHistory
HPQHP IncStock24,700$676.0K0.3%+9,500+62.5%AddedHistory
BIOBio-Rad Laboratories, Inc.CL A900$671.0K0.3%+100+12.5%AddedHistory
METMetlife IncStock10,800$667.0K0.3%+4,400+68.8%AddedHistory
MBINMerchants BancorpCOM16,529$652.0K0.3%+7,300+79.1%AddedHistory
MTXMinerals Technologies IncCOM9,300$650.0K0.3%−42,300−82.0%ReducedHistory
GMGeneral Motors CoCOM12,300$648.0K0.3%+6,900+127.8%AddedHistory
GSGoldman Sachs Group IncStock1,700$643.0K0.3%+1,000+142.9%AddedHistory
TSNTyson Foods, Inc.Stock8,100$639.0K0.3%+2,900+55.8%AddedHistory

Sold out since Q2 2021 (43)

Positions held at the end of Q2 2021 that are gone from this filing.

Positions of Denali Advisors LLC sold out since Q2 2021
SecurityClassShares in Q2 2021Value in Q2 2021% of portfolio in Q2 2021History
CAI International, Inc.12477X106COM96,817$5.42M2.1%–
MSG Network Inc553573106CL A229,558$3.35M1.3%–
PSNParsons CorpCOM70,511$2.77M1.1%History
PMTPennyMac Mortgage Investment TrustCOM94,200$1.98M0.8%History
GRBKGreen Brick Partners, Inc.COM73,569$1.67M0.6%History
TRMKTrustmark CorpCOM51,800$1.59M0.6%History
FBCFlagstar Bancorp IncCOM PAR .00127,900$1.18M0.5%History
CCSCentury Communities, Inc.COM13,100$872.0K0.3%History
UVVUniversal CorpCOM13,900$792.0K0.3%History
NSITInsight Enterprises IncCOM4,012$401.0K0.2%History
COWNCowen Inc.CL A NEW7,000$287.0K0.1%History
SENEASeneca Foods CorpCL A5,400$276.0K0.1%History
AMALAmalgamated Financial Corp.COM15,100$241.0K0.1%History
GSBCGreat Southern Bancorp, Inc.COM3,100$167.0K0.1%History
CTOCTO Realty Growth, Inc.COM3,000$161.0K0.1%History
BF.BBrown Forman CorpStock1,800$135.0K0.1%History
FFFutureFuel Corp.COM12,700$122.0K<0.1%History
PKOHPark Ohio Holdings CorpCOM3,600$116.0K<0.1%History
BMTXBM Technologies, Inc.CL A COM9,198$114.0K<0.1%History
MUMicron Technology IncStock1,300$110.0K<0.1%History
EXCExelon CorpStock1,700$75.0K<0.1%History
CARRCarrier Global CorpStock1,500$73.0K<0.1%History
REGNRegeneron Pharmaceuticals, Inc.COM100$56.0K<0.1%History
ARCBArcbest CorpCOM712$41.0K<0.1%History
UTHRUnited Therapeutics CorpCOM200$36.0K<0.1%History
KDPKeurig Dr Pepper Inc.COM800$28.0K<0.1%History
TDSTelephone & Data Systems IncCOM NEW1,100$25.0K<0.1%History
ALLYAlly Financial Inc.Stock432$22.0K<0.1%History
MHKMohawk Industries IncCOM100$19.0K<0.1%History
MTGMgic Investment CorpCOM1,400$19.0K<0.1%History
RHIRobert Half Inc.COM200$18.0K<0.1%History
SFMSprouts Farmers Market, Inc.COM700$17.0K<0.1%History
STTState Street CorpCOM200$16.0K<0.1%History
EBAYeBay IncCOM200$14.0K<0.1%History
PPLPPL CorpCOM400$11.0K<0.1%History
ASBAssociated Banc-CorpCOM99$2.00K<0.1%History
COLMColumbia Sportswear CoCOM24$2.00K<0.1%History
LAZLazard, Inc.SHS A47$2.00K<0.1%History
AGOAssured Guaranty LtdCOM14$1.00K<0.1%History
CBZCBIZ, Inc.COM39$1.00K<0.1%History
UNFUnifirst CorpCOM4$1.00K<0.1%History
American National Insur.028591105COM5$1.00K<0.1%–
CCRDCoreCard CorpCOM14$00.0%History