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Livermore
Livermore
ZHEN

Denali Advisors LLC

SEC CIK
0001142941
Latest filing
Aug 10, 2026

Holdings in Q4 2021

Holdings as of Dec 31, 2021, filed Jan 21, 2022. Long positions only; changes compare share counts with Q3 2021.

Institution overview
Positions
381
+92 vs. Q3 2021
Portfolio value
$267.1M
+$28.0M (+11.7%) vs. Q3 2021
Filed
Jan 21, 2022
SEC
Holdings of Denali Advisors LLC in Q4 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
IMKTAIngles Markets IncCL A55,255$4.77M1.8%−7,007−11.3%ReducedHistory
MHOM/I Homes, Inc.COM75,566$4.70M1.8%+12,891+20.6%AddedHistory
GHCGraham Holdings CoCOM CL B7,411$4.67M1.7%+702+10.5%AddedHistory
SANMSanmina CorpCOM111,935$4.64M1.7%+86,635+342.4%AddedHistory
RUSHARush Enterprises IncCL A83,227$4.63M1.7%−10,349−11.1%ReducedHistory
HTHHilltop Holdings Inc.COM124,709$4.38M1.6%+1,680+1.4%AddedHistory
BCCBoise Cascade CoCOM61,321$4.37M1.6%+22,956+59.8%AddedHistory
EAFGraftech International LtdCOM365,837$4.33M1.6%−2,051−0.6%ReducedHistory
KWKennedy-Wilson Holdings, Inc.COM180,900$4.32M1.6%00.0%UnchangedHistory
INVAInnoviva, Inc.COM249,122$4.30M1.6%−26,948−9.8%ReducedHistory
AXAxos Financial, Inc.COM76,800$4.29M1.6%+9,800+14.6%AddedHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW112,684$4.29M1.6%+775+0.7%AddedHistory
Townebank Portsmouth Va89214P109COM134,768$4.26M1.6%00.0%Unchanged–
GEFGreif, IncCL A69,294$4.18M1.6%+1,600+2.4%AddedHistory
EIGEmployers Holdings, Inc.COM98,400$4.07M1.5%+1,100+1.1%AddedHistory
NNINelnet IncCL A41,416$4.05M1.5%00.0%UnchangedHistory
IBOCInternational Bancshares CorpCOM95,176$4.04M1.5%+6,776+7.7%AddedHistory
ESGREnstar Group LTDSHS16,200$4.01M1.5%00.0%UnchangedHistory
CUBICustomers Bancorp, Inc.COM61,200$4.00M1.5%−43,023−41.3%ReducedHistory
PDMPiedmont Realty Trust, Inc.COM CL A214,598$3.94M1.5%+4,700+2.2%AddedHistory
MLIMueller Industries IncCOM66,400$3.94M1.5%+53,900+431.2%AddedHistory
ACCOAcco Brands CorpCOM473,647$3.91M1.5%+18,341+4.0%AddedHistory
NMRKNewmark Group, Inc.CL A207,563$3.88M1.5%00.0%UnchangedHistory
GTNGray Media, IncCOM190,172$3.83M1.4%+24,030+14.5%AddedHistory
CMRECostamare Inc.SHS280,892$3.55M1.3%−10,433−3.6%ReducedHistory
PFSIPennyMac Financial Services, Inc.COM49,810$3.48M1.3%−80.0%ReducedHistory
SEMSelect Medical Holdings CorpCOM118,200$3.48M1.3%+42,860+56.9%AddedHistory
FIBKFirst Interstate Bancsystem IncCOM82,500$3.35M1.3%00.0%UnchangedHistory
SNEXStoneX Group Inc.COM53,300$3.27M1.2%+5,700+12.0%AddedHistory
FFBCFirst Financial BancorpCOM129,600$3.16M1.2%00.0%UnchangedHistory
PFSProvident Financial Services IncCOM129,800$3.14M1.2%+33,000+34.1%AddedHistory
KROKronos Worldwide IncCOM205,819$3.09M1.2%+19,100+10.2%AddedHistory
PRDOPerdoceo Education CorpCOM257,300$3.03M1.1%+119,000+86.0%AddedHistory
CNXNPC Connection IncCOM68,411$2.95M1.1%+6,800+11.0%AddedHistory
VSHVishay Intertechnology IncCOM133,600$2.92M1.1%00.0%UnchangedHistory
ADArray Digital Infrastructure, Inc.COM91,904$2.90M1.1%+35,415+62.7%AddedHistory
MEIMethode Electronics IncCOM57,625$2.83M1.1%−13,989−19.5%ReducedHistory
BXCBlueLinx Holdings Inc.COM NEW28,423$2.72M1.0%+28,423NewHistory
ENVAEnova International, Inc.COM65,625$2.69M1.0%+25,625+64.1%AddedHistory
HOPEHope Bancorp IncCOM182,100$2.68M1.0%00.0%UnchangedHistory
SFNCSimmons First National CorpCL A $1 PAR90,500$2.68M1.0%+42,700+89.3%AddedHistory
EGBNEagle Bancorp IncCOM45,600$2.66M1.0%−26,723−36.9%ReducedHistory
HCCWarrior Met Coal, Inc.COM100,600$2.59M1.0%−48,300−32.4%ReducedHistory
CATYCathay General BancorpCOM59,031$2.54M1.0%+13,400+29.4%AddedHistory
PATKPatrick Industries IncCOM29,900$2.41M0.9%−6,300−17.4%ReducedHistory
TRTNTriton International LtdCL A38,644$2.33M0.9%+38,587+67,696.5%AddedHistory
ANATAmerican National Group IncCOM NEW12,005$2.27M0.8%00.0%UnchangedHistory
MMIMarcus & Millichap, Inc.COM41,800$2.15M0.8%−5,400−11.4%ReducedHistory
USNAUsana Health Sciences IncCOM21,013$2.13M0.8%00.0%UnchangedHistory
WKCWorld Kinect CorpCOM78,929$2.09M0.8%+78,900+272,069.0%AddedHistory
AGMFederal Agricultural Mortgage CorpCL C16,400$2.03M0.8%−22,400−57.7%ReducedHistory
SMPStandard Motor Products, Inc.Stock38,200$2.00M0.7%+13,100+52.2%AddedHistory
NWLINational Western Life Group, Inc.CL A8,700$1.87M0.7%−1,700−16.3%ReducedHistory
WIREEncore Wire CorpCOM12,913$1.85M0.7%−3,933−23.3%ReducedHistory
BANFBancfirst CorpCOM25,500$1.80M0.7%+17,100+203.6%AddedHistory
OECOrion S.A.COM97,096$1.78M0.7%+16,700+20.8%AddedHistory
WMKWeis Markets IncCOM26,900$1.77M0.7%−900−3.2%ReducedHistory
WORWorthington Enterprises, Inc.COM32,200$1.76M0.7%00.0%UnchangedHistory
TNETTrinet Group, Inc.COM18,039$1.72M0.6%00.0%UnchangedHistory
GBLGamco Investors, Inc. Et AlCL A COM60,942$1.52M0.6%+1,900+3.2%AddedHistory
JOUTJohnson Outdoors IncCL A15,200$1.42M0.5%+900+6.3%AddedHistory
FORForestar Group Inc.COM63,890$1.39M0.5%+9,300+17.0%AddedHistory
OTTROtter Tail CorpCOM18,900$1.35M0.5%−16−0.1%ReducedHistory
TDSTelephone & Data Systems IncCOM NEW66,000$1.33M0.5%+66,000NewHistory
IRWDIronwood Pharmaceuticals IncCOM CL A113,600$1.32M0.5%+113,600NewHistory
ASIXAdvanSix Inc.COM27,316$1.29M0.5%−59,300−68.5%ReducedHistory
RBCAARepublic Bancorp IncCL A25,300$1.29M0.5%−6,700−20.9%ReducedHistory
BRK.BBerkshire Hathaway IncStock4,200$1.26M0.5%−100−2.3%ReducedHistory
MBINMerchants BancorpCOM25,829$1.22M0.5%+9,300+56.3%AddedHistory
MATXMatson, Inc.COM13,138$1.18M0.4%+13,124+93,742.9%AddedHistory
CRMTAmericas Carmart IncCOM11,200$1.15M0.4%−6−0.1%ReducedHistory
CIMChimera Investment CorpCOM NEW75,700$1.14M0.4%+75,700NewHistory
AELAmerican National Group Inc.COM27,100$1.05M0.4%+24,300+867.9%AddedHistory
JPMJPMorgan Chase & CoStock6,300$998.0K0.4%−200−3.1%ReducedHistory
ECPGEncore Capital Group IncCOM15,500$963.0K0.4%+15,500NewHistory
STCStewart Information Services CorpCOM11,800$941.0K0.4%+5,200+78.8%AddedHistory
LPGDorian LPG Ltd.SHS USD72,900$925.0K0.3%+72,900NewHistory
ASOAcademy Sports & Outdoors, Inc.COM21,000$922.0K0.3%+21,000NewHistory
SKYWSkywest IncCOM22,200$872.0K0.3%−5,000−18.4%ReducedHistory
GOOGLAlphabet Inc.Stock300$869.0K0.3%+110+57.9%AddedHistory
CENTACentral Garden & Pet CoCL A NON-VTG18,100$866.0K0.3%00.0%UnchangedHistory
INTCIntel CorpStock16,700$860.0K0.3%+1,500+9.9%AddedHistory
HTLFHeartland Financial USA IncCOM16,933$857.0K0.3%−6,667−28.2%ReducedHistory
KOPKoppers Holdings Inc.COM27,200$851.0K0.3%00.0%UnchangedHistory
BACBank of America CorpStock18,700$832.0K0.3%−2,100−10.1%ReducedHistory
ACGLArch Capital Group Ltd.Stock18,500$822.0K0.3%+2,800+17.8%AddedHistory
LYBLyondellBasell Industries N.V.SHS - A -8,800$812.0K0.3%+700+8.6%AddedHistory
TSNTyson Foods, Inc.Stock9,300$811.0K0.3%+1,200+14.8%AddedHistory
VZVerizon Communications IncStock15,500$805.0K0.3%+800+5.4%AddedHistory
HPQHP IncStock21,100$795.0K0.3%−3,600−14.6%ReducedHistory
CECelanese CorpStock4,700$790.0K0.3%−100−2.1%ReducedHistory
ARIApollo Commercial Real Estate Finance, Inc.COM59,700$786.0K0.3%00.0%UnchangedHistory
GICGlobal Industrial CoCOM18,800$769.0K0.3%00.0%UnchangedHistory
CBRECbre Group, Inc.CL A6,900$749.0K0.3%−200−2.8%ReducedHistory
WMTWalmart Inc.Stock5,100$738.0K0.3%−100−1.9%ReducedHistory
PRIMPrimoris Services CorpStock30,600$734.0K0.3%−68,000−69.0%ReducedHistory
GDGeneral Dynamics CorpStock3,500$730.0K0.3%−100−2.8%ReducedHistory
SCCOSouthern Copper CorpStock11,800$728.0K0.3%+700+6.3%AddedHistory
SOSouthern CoStock10,600$727.0K0.3%+400+3.9%AddedHistory
HCAHCA Healthcare, Inc.COM2,800$719.0K0.3%+200+7.7%AddedHistory

Sold out since Q3 2021 (38)

Positions held at the end of Q3 2021 that are gone from this filing.

Positions of Denali Advisors LLC sold out since Q3 2021
SecurityClassShares in Q3 2021Value in Q3 2021% of portfolio in Q3 2021History
CIVICivitas Resources, Inc.COM NEW64,612$3.10M1.3%History
MTORMeritor, Inc.COM72,629$1.55M0.6%History
VNDAVanda Pharmaceuticals Inc.COM89,300$1.53M0.6%History
LXPLXP Industrial TrustCOM89,800$1.15M0.5%History
BUSEFirst Busey CorpCOM NEW29,700$732.0K0.3%History
FRMEFirst Merchants CorpCOM16,500$690.0K0.3%History
BIOBio-Rad Laboratories, Inc.CL A900$671.0K0.3%History
CBChubb LtdStock2,900$503.0K0.2%History
HVTHaverty Furniture Companies IncCOM14,422$486.0K0.2%History
PAHCPhibro Animal Health CorpCL A COM21,900$472.0K0.2%History
BIGGQFormer BL Stores IncCOM10,800$468.0K0.2%History
SASRSandy Spring Bancorp IncCOM10,200$467.0K0.2%History
RDUSRadius Recycling, Inc.CL A8,700$381.0K0.2%History
HNGRHanger, Inc.COM NEW14,400$316.0K0.1%History
Barnes Group Inc067806109COM7,500$313.0K0.1%–
PFEPfizer IncStock5,000$215.0K0.1%History
WBAWalgreens Boots Alliance, Inc.COM1,800$85.0K<0.1%History
BRCBrady CorpCL A800$41.0K<0.1%History
AIRCApartment Income REIT Corp.COM695$34.0K<0.1%History
HIGHartford Insurance Group, Inc.Stock300$21.0K<0.1%History
MPTMedical Properties Trust IncCOM1,000$20.0K<0.1%History
EMNEastman Chemical CoStock170$17.0K<0.1%History
IPInternational Paper CoCOM300$17.0K<0.1%History
RFRegions Financial CorpCOM700$15.0K<0.1%History
RNRRenaissancere Holdings LtdCOM100$14.0K<0.1%History
GPKGraphic Packaging Holding CoCOM500$10.0K<0.1%History
LOPEGrand Canyon Education, Inc.COM100$9.00K<0.1%History
QVCGAOld QVC Group, Inc.COM SER A900$9.00K<0.1%History
NFGNational Fuel Gas CoStock100$5.00K<0.1%History
UMBFUmb Financial CorpCOM23$2.00K<0.1%History
CCChemours CoStock30$1.00K<0.1%History
GEOGeo Group IncCOM153$1.00K<0.1%History
MUSAMurphy USA Inc.COM5$1.00K<0.1%History
BKEBuckle IncCOM18$1.00K<0.1%History
SPHRSphere Entertainment Co.CL A1$00.0%History
BancorpSouth, Inc.059692103COM15$00.0%–
TPHTri Pointe Homes, Inc.COM14$00.0%History
CMBMFCambium Networks CorpSHS13$00.0%History