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Livermore
Livermore
ZHEN

Denali Advisors LLC

SEC CIK
0001142941
Latest filing
Aug 10, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Jan 19, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
451
−17 vs. Q3 2023
Portfolio value
$327.3M
+$42.5M (+14.9%) vs. Q3 2023
Filed
Jan 19, 2024
SEC
Holdings of Denali Advisors LLC in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
BXCBlueLinx Holdings Inc.COM NEW53,661$6.08M1.9%+415+0.8%AddedHistory
CCSCentury Communities, Inc.COM63,738$5.81M1.8%+7,900+14.1%AddedHistory
NMRKNewmark Group, Inc.CL A506,529$5.55M1.7%+23,080+4.8%AddedHistory
HTLFHeartland Financial USA IncCOM144,166$5.42M1.7%+125+0.1%AddedHistory
BKEBuckle IncCOM111,250$5.29M1.6%+73,232+192.6%AddedHistory
INVAInnoviva, Inc.COM329,186$5.28M1.6%−10,086−3.0%ReducedHistory
DFHDream Finders Homes, Inc.COM CL A148,243$5.27M1.6%+102,800+226.2%AddedHistory
RUSHARush Enterprises IncCL A104,559$5.26M1.6%+2,224+2.2%AddedHistory
CNXNPC Connection IncCOM77,300$5.20M1.6%−5,600−6.8%ReducedHistory
BFHBread Financial Holdings, Inc.COM153,402$5.05M1.5%+48,900+46.8%AddedHistory
RYZRyerson Holding CorpCOM144,035$5.00M1.5%+43,919+43.9%AddedHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW155,756$4.99M1.5%+6,046+4.0%AddedHistory
JXNJackson Financial Inc.COM CL A96,000$4.92M1.5%−1,827−1.9%ReducedHistory
CUBICustomers Bancorp, Inc.COM84,944$4.89M1.5%00.0%UnchangedHistory
ENVAEnova International, Inc.COM87,500$4.84M1.5%−72−0.1%ReducedHistory
VCTRVictory Capital Holdings, Inc.COM CL A137,438$4.73M1.4%+5,620+4.3%AddedHistory
IMKTAIngles Markets IncCL A54,576$4.71M1.4%+89+0.2%AddedHistory
CMRECostamare Inc.SHS450,495$4.69M1.4%+33,400+8.0%AddedHistory
ACTEnact Holdings, Inc.COM161,266$4.66M1.4%+43,900+37.4%AddedHistory
Golden Ocean Group LtdG39637205SHS NEW472,858$4.62M1.4%−127,242−21.2%Reduced–
ESNTEssent Group Ltd.COM85,095$4.49M1.4%00.0%UnchangedHistory
GPORGulfport Energy CorpCOMMON SHARES33,200$4.42M1.4%+12,500+60.4%AddedHistory
SLVMSylvamo CorpCOMMON STOCK88,900$4.37M1.3%+15,800+21.6%AddedHistory
NNINelnet IncCL A48,510$4.28M1.3%+8,600+21.5%AddedHistory
GEFGreif, IncCL A64,295$4.22M1.3%+2,000+3.2%AddedHistory
AMCXAMC Global Media Inc.CL A224,259$4.21M1.3%00.0%UnchangedHistory
FIZZNational Beverage CorpCOM84,600$4.21M1.3%+15,800+23.0%AddedHistory
DDSDillard's, Inc.CL A9,906$4.00M1.2%−20.0%ReducedHistory
FRMEFirst Merchants CorpCOM106,800$3.96M1.2%+51,400+92.8%AddedHistory
PRDOPerdoceo Education CorpCOM225,000$3.95M1.2%−2,800−1.2%ReducedHistory
SASRSandy Spring Bancorp IncCOM142,800$3.89M1.2%+14,300+11.1%AddedHistory
FFBCFirst Financial BancorpCOM156,000$3.71M1.1%+61,300+64.7%AddedHistory
PBFPBF Energy Inc.CL A79,763$3.51M1.1%−15,581−16.3%ReducedHistory
WORWorthington Enterprises, Inc.COM59,857$3.44M1.1%−260.0%ReducedHistory
MBINMerchants BancorpCOM80,633$3.43M1.0%−176−0.2%ReducedHistory
HOPEHope Bancorp IncCOM283,500$3.42M1.0%+4,000+1.4%AddedHistory
MATXMatson, Inc.COM28,123$3.08M0.9%+14,515+106.7%AddedHistory
STCStewart Information Services CorpCOM52,400$3.08M0.9%−15,200−22.5%ReducedHistory
AMKRAmkor Technology, Inc.COM92,201$3.07M0.9%+400.0%AddedHistory
HPKHighPeak Energy, Inc.COM211,500$3.01M0.9%−820.0%ReducedHistory
SRCE1st Source CorpCOM54,600$3.00M0.9%+7,700+16.4%AddedHistory
BZHBeazer Homes USA IncCOM NEW80,600$2.72M0.8%−9,925−11.0%ReducedHistory
ESGREnstar Group LTDSHS9,200$2.71M0.8%+3,200+53.3%AddedHistory
FORForestar Group Inc.COM81,728$2.70M0.8%+36,600+81.1%AddedHistory
USNAUsana Health Sciences IncCOM47,100$2.52M0.8%−29−0.1%ReducedHistory
GTNGray Media, IncCOM279,827$2.51M0.8%00.0%UnchangedHistory
BTUPeabody Energy CorpCOM101,400$2.47M0.8%−15,200−13.0%ReducedHistory
NAVINavient CorpCOM131,100$2.44M0.7%+131,100NewHistory
ALXAlexanders IncCOM10,800$2.31M0.7%+1,100+11.3%AddedHistory
TTECTTEC Holdings, Inc.COM97,293$2.11M0.6%+31,432+47.7%AddedHistory
GNWGenworth Financial IncCOM SHS312,300$2.09M0.6%+227,900+270.0%AddedHistory
RBCAARepublic Bancorp IncCL A36,700$2.02M0.6%−3,200−8.0%ReducedHistory
ULHUniversal Logistics Holdings, Inc.COM62,731$1.76M0.5%−4,600−6.8%ReducedHistory
VSTOVista Outdoor Inc.COM57,900$1.71M0.5%−29,270−33.6%ReducedHistory
NHCNational Healthcare CorpCOM18,400$1.70M0.5%−13,500−42.3%ReducedHistory
WSWorthington Steel, Inc.COM SHS59,857$1.68M0.5%+59,857NewHistory
Textainer Group Holdings LtdG8766E109SHS33,900$1.67M0.5%−76,700−69.3%Reduced–
LEUCentrus Energy CorpStock29,931$1.63M0.5%−6,108−16.9%ReducedHistory
SWBISmith & Wesson Brands, Inc.COM115,416$1.57M0.5%+40,241+53.5%AddedHistory
SAHSonic Automotive IncCL A27,800$1.56M0.5%00.0%UnchangedHistory
GICGlobal Industrial CoCOM39,522$1.54M0.5%00.0%UnchangedHistory
JOUTJohnson Outdoors IncCL A28,400$1.52M0.5%−3,200−10.1%ReducedHistory
AAMIAcadian Asset Management Inc.COM78,744$1.51M0.5%+25,298+47.3%AddedHistory
SEMSelect Medical Holdings CorpCOM63,783$1.50M0.5%+49,218+337.9%AddedHistory
MEDMedifast IncCOM21,813$1.47M0.4%+21,813NewHistory
ECHOEchoStar CORPCL A86,015$1.43M0.4%+54,815+175.7%AddedHistory
THRYThryv Holdings, Inc.COM NEW69,240$1.41M0.4%+3,900+6.0%AddedHistory
CVICVR Energy IncCOM45,272$1.37M0.4%+45,213+76,632.2%AddedHistory
WMKWeis Markets IncCOM21,400$1.37M0.4%+1,800+9.2%AddedHistory
PFSIPennyMac Financial Services, Inc.COM14,900$1.32M0.4%+2,283+18.1%AddedHistory
SDSandridge Energy IncCOM NEW92,300$1.26M0.4%+63,200+217.2%AddedHistory
GEOGeo Group IncCOM115,600$1.25M0.4%−68,000−37.0%ReducedHistory
HVTHaverty Furniture Companies IncCOM35,000$1.24M0.4%+5,600+19.0%AddedHistory
EMBCEmbecta Corp.Stock62,149$1.18M0.4%−30,100−32.6%ReducedHistory
KROKronos Worldwide IncCOM115,200$1.15M0.3%−80,100−41.0%ReducedHistory
BRK.BBerkshire Hathaway IncStock3,200$1.14M0.3%−400−11.1%ReducedHistory
JPMJPMorgan Chase & CoStock6,700$1.14M0.3%−400−5.6%ReducedHistory
SHOEShoe Station Group IncCOM37,100$1.12M0.3%00.0%UnchangedHistory
BACBank of America CorpStock29,300$986.5K0.3%−1,300−4.2%ReducedHistory
MOVMovado Group IncCOM32,600$982.9K0.3%+28,600+715.0%AddedHistory
ATLCAtlanticus Holdings CorpCOM24,755$957.3K0.3%−3,300−11.8%ReducedHistory
KOPKoppers Holdings Inc.COM18,600$952.7K0.3%+18,600NewHistory
LENLennar CorpCL A6,329$943.3K0.3%−396−5.9%ReducedHistory
GOOGLAlphabet Inc.Stock6,700$935.9K0.3%00.0%UnchangedHistory
REPXRiley Exploration Permian, Inc.COM34,347$935.6K0.3%+4,400+14.7%AddedHistory
HOVHovnanian Enterprises IncCL A NEW5,800$902.6K0.3%+5,800NewHistory
FBKFB Financial CorpCOM22,100$880.7K0.3%+22,100NewHistory
COOPMaverick Merger Sub 2, LLCCOM13,200$859.6K0.3%−4,223−24.2%ReducedHistory
HPQHP IncStock28,517$858.1K0.3%+1,922+7.2%AddedHistory
GSGoldman Sachs Group IncStock2,200$848.7K0.3%−100−4.3%ReducedHistory
COFCapital One Financial CorpStock6,400$839.2K0.3%00.0%UnchangedHistory
WLKWestlake CorpCOM5,925$829.3K0.3%+200+3.5%AddedHistory
AFLAflac IncStock9,841$811.9K0.2%−1,902−16.2%ReducedHistory
NUENucor CorpCOM4,620$804.1K0.2%−100−2.1%ReducedHistory
VZVerizon Communications IncStock21,300$803.0K0.2%−1,900−8.2%ReducedHistory
KRTKarat Packaging Inc.COM31,600$785.3K0.2%+19,800+167.8%AddedHistory
LYBLyondellBasell Industries N.V.SHS - A -8,138$773.8K0.2%00.0%UnchangedHistory
DFSDiscover Financial ServicesCOM6,823$766.9K0.2%00.0%UnchangedHistory
LIILennox International IncCOM1,706$763.5K0.2%+1,706NewHistory
PFCPremier Financial CorpCOM31,500$759.1K0.2%+31,500NewHistory

Sold out since Q3 2023 (79)

Positions held at the end of Q3 2023 that are gone from this filing.

Positions of Denali Advisors LLC sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
MHOM/I Homes, Inc.COM42,900$3.61M1.3%History
ARCHArch Resources, Inc.CL A14,500$2.47M0.9%History
EAFGraftech International LtdCOM551,464$2.11M0.7%History
AGMFederal Agricultural Mortgage CorpCL C11,600$1.79M0.6%History
HTHHilltop Holdings Inc.COM51,600$1.46M0.5%History
BVHBluegreen Vacations Holding CorpCLASS A29,700$1.09M0.4%History
SENEASeneca Foods CorpCL A13,800$742.9K0.3%History
ACMRACM Research, Inc.Stock36,500$660.8K0.2%History
PFBCPreferred BankCOM NEW9,900$616.3K0.2%History
NMIHNMI Holdings, Inc.COM19,300$522.8K0.2%History
Townebank Portsmouth Va89214P109COM21,800$499.9K0.2%–
ESTEEarthstone Energy IncCL A21,300$431.1K0.2%History
INTCIntel CorpStock11,300$401.7K0.1%History
HRLHormel Foods CorpCOM10,141$385.7K0.1%History
DHIHorton D R IncCOM3,210$345.0K0.1%History
NVECNve CorpCOM NEW4,100$336.8K0.1%History
LGTYLogility Supply Chain Solutions, IncCL A29,105$333.5K0.1%History
GFSGLOBALFOUNDRIES Inc.Stock4,912$285.8K0.1%History
EBIXEbix IncCOM NEW28,200$278.6K0.1%History
NWLINational Western Life Group, Inc.CL A600$262.5K0.1%History
DCODucommun IncCOM4,800$208.8K0.1%History
URGNUroGen Pharma Ltd.COM14,300$200.3K0.1%History
ACDCProFrac Holding Corp.CLASS A COM17,400$189.3K0.1%History
SPFISouth Plains Financial, Inc.COM5,400$142.8K0.1%History
TCSContainer Store Group, Inc.COM61,900$139.3K<0.1%History
LPGDorian LPG Ltd.SHS USD4,700$135.0K<0.1%History
SBSISouthside Bancshares IncCOM4,700$134.9K<0.1%History
VPGVishay Precision Group, Inc.COM3,600$120.9K<0.1%History
REXRex American Resources CorpCOM2,900$118.1K<0.1%History
EYPTEyePoint, Inc.COM NEW13,900$111.1K<0.1%History
PSXPhillips 66Stock900$108.1K<0.1%History
NRIMNorthrim Bancorp IncCOM2,700$107.0K<0.1%History
LBCLuther Burbank CorpCOM11,700$98.3K<0.1%History
NATRNatures Sunshine Products IncCOM5,800$96.1K<0.1%History
KURAKura Oncology, Inc.COM9,000$82.1K<0.1%History
AEAdams Resources & Energy, Inc.COM NEW2,100$70.7K<0.1%History
LELands' End, Inc.COM8,600$64.2K<0.1%History
VHIValhi IncCOM4,500$59.7K<0.1%History
EPSNEpsilon Energy Ltd.COM11,200$59.1K<0.1%History
AVIRAtea Pharmaceuticals, Inc.COM18,000$54.0K<0.1%History
SCYXScynexis IncCOM NEW23,500$53.6K<0.1%History
NCNacco Industries IncCL A1,500$52.6K<0.1%History
SRTSSensus Healthcare, Inc.COM18,700$51.8K<0.1%History
KEKimball Electronics, Inc.Stock1,800$49.3K<0.1%History
ESCAEscalade IncCOM3,100$47.5K<0.1%History
FGBIFirst Guaranty Bancshares, Inc.COM4,000$44.0K<0.1%History
ASLEAerSale CorpCOM2,800$41.8K<0.1%History
GBIOGeneration Bio Co.COM10,600$40.2K<0.1%History
DISHDISH Network CORPCL A6,459$37.9K<0.1%History
EXELExelixis, Inc.COM1,700$37.1K<0.1%History
VALUValue Line IncCOM800$35.0K<0.1%History
RBBRBB BancorpCOM2,700$34.5K<0.1%History
GHLGreenhill & Co IncCOM2,000$29.6K<0.1%History
FRDFriedman Industries IncCOM2,000$26.8K<0.1%History
IMUXImmunic, Inc.COM17,000$25.0K<0.1%History
HIBBHibbett IncCOM500$23.8K<0.1%History
RVPRetractable Technologies IncCOM17,600$20.9K<0.1%History
LLLL Flooring Holdings, Inc.COM6,600$20.9K<0.1%History
CRICarters IncCOM300$20.7K<0.1%History
CWCurtiss Wright CorpStock105$20.5K<0.1%History
MGNXMacrogenics IncCOM4,300$20.0K<0.1%History
CRLCharles River Laboratories International, Inc.COM100$19.6K<0.1%History
THOThor Industries IncCOM205$19.5K<0.1%History
CMAComerica IncCOM459$19.1K<0.1%History
PRUPrudential Financial IncStock200$19.0K<0.1%History
GLPIGaming & Leisure Properties, Inc.COM300$13.7K<0.1%History
RVNCRevance Therapeutics, Inc.COM1,100$12.6K<0.1%History
PENGPenguin Solutions, Inc.SHS106$2.58K<0.1%History
VIRTVirtu Financial, Inc.CL A121$2.09K<0.1%History
FHBFirst Hawaiian, Inc.COM100$1.80K<0.1%History
VIRVir Biotechnology, Inc.COM184$1.72K<0.1%History
CANOCano Health, Inc.COM CL A6,745$1.71K<0.1%History
CNMCore & Main, Inc.CL A58$1.67K<0.1%History
ESABESAB CorpCOM21$1.48K<0.1%History
MMSMaximus, Inc.COM19$1.42K<0.1%History
MMIMarcus & Millichap, Inc.COM27$792<0.1%History
STWDStarwood Property Trust, Inc.COM32$619<0.1%History
SKXSkechers USA IncCL A10$490<0.1%History
LOPEGrand Canyon Education, Inc.COM4$468<0.1%History