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Livermore
Livermore
ZHEN

Denali Advisors LLC

SEC CIK
0001142941
Latest filing
Aug 10, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 5, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
274
+3 vs. Q4 2024
Portfolio value
$878.6M
−$75.4M (−7.9%) vs. Q4 2024
Filed
May 5, 2025
SEC
Holdings of Denali Advisors LLC in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock95,916$36.0M4.1%−1,701−1.7%ReducedHistory
AAPLApple Inc.Stock159,592$35.5M4.0%−1,077−0.7%ReducedHistory
NVDANVIDIA CorpStock286,768$31.1M3.5%−2,497−0.9%ReducedHistory
AMZNAmazon Com IncStock134,933$25.7M2.9%−723−0.5%ReducedHistory
METAMeta Platforms, Inc.Stock32,930$19.0M2.2%−153−0.5%ReducedHistory
GOOGAlphabet Inc.Stock116,463$18.2M2.1%−500−0.4%ReducedHistory
ARCCAres Capital CorpCEF576,560$12.8M1.5%−18,481−3.1%ReducedHistory
NFLXNetflix IncStock13,114$12.2M1.4%−67−0.5%ReducedHistory
LLYEli Lilly & CoStock13,516$11.2M1.3%−172−1.3%ReducedHistory
TAT&T Inc.Stock378,643$10.7M1.2%+23,416+6.6%AddedHistory
COSTCostco Wholesale CorpStock11,198$10.6M1.2%−50−0.4%ReducedHistory
BXSLBlackstone Secured Lending FundCOMMON STOCK310,891$10.1M1.1%−10,485−3.3%ReducedHistory
AVGOBroadcom Inc.Stock59,260$9.92M1.1%−2,146−3.5%ReducedHistory
OBDCBlue Owl Capital CorpCOM645,659$9.47M1.1%−17,445−2.6%ReducedHistory
WMTWalmart Inc.Stock105,443$9.26M1.1%+134+0.1%AddedHistory
MAINMain Street Capital CORPCEF155,568$8.80M1.0%−5,015−3.1%ReducedHistory
GBDCGolub Capital BDC, Inc.COM554,527$8.40M1.0%+13,524+2.5%AddedHistory
HDHome Depot, Inc.Stock22,717$8.33M0.9%−149−0.7%ReducedHistory
TSLATesla, Inc.Stock31,114$8.06M0.9%00.0%UnchangedHistory
Alps ETF Tr00162Q452ALERIAN MLP147,840$7.68M0.9%−548−0.4%Reduced–
MOAltria Group, Inc.Stock123,239$7.40M0.8%+49,629+67.4%AddedHistory
MAMastercard IncStock12,698$6.96M0.8%−56−0.4%ReducedHistory
TGNATegna IncCOM380,710$6.94M0.8%−29,462−7.2%ReducedHistory
ACTEnact Holdings, Inc.COM198,094$6.88M0.8%+4,082+2.1%AddedHistory
INVAInnoviva, Inc.COM376,606$6.83M0.8%+22,282+6.3%AddedHistory
NMIHNMI Holdings, Inc.COM188,789$6.81M0.8%+13,071+7.4%AddedHistory
FIZZNational Beverage CorpCOM163,400$6.79M0.8%+13,780+9.2%AddedHistory
XOMExxonMobil Holdings CorpCOM56,227$6.69M0.8%+316+0.6%AddedHistory
IMKTAIngles Markets IncCL A102,221$6.66M0.8%+1,513+1.5%AddedHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW170,386$6.63M0.8%−19,029−10.0%ReducedHistory
FSKFS KKR Capital CorpCOM315,805$6.62M0.8%+17,287+5.8%AddedHistory
HTGCHercules Capital, Inc.COM341,045$6.55M0.7%−8,455−2.4%ReducedHistory
BKEBuckle IncCOM169,512$6.50M0.7%+27,284+19.2%AddedHistory
FRMEFirst Merchants CorpCOM160,379$6.49M0.7%−8,121−4.8%ReducedHistory
SNEXStoneX Group Inc.COM84,535$6.46M0.7%+9,901+13.3%AddedHistory
IBOCInternational Bancshares CorpCOM101,972$6.43M0.7%+956+0.9%AddedHistory
RUSHARush Enterprises IncCL A119,929$6.41M0.7%+464+0.4%AddedHistory
FFBCFirst Financial BancorpCOM256,326$6.40M0.7%+6,626+2.7%AddedHistory
CATYCathay General BancorpCOM147,618$6.35M0.7%+3,891+2.7%AddedHistory
GEFGreif, IncCL A115,167$6.33M0.7%+9,946+9.5%AddedHistory
MBINMerchants BancorpCOM170,154$6.30M0.7%−12,452−6.8%ReducedHistory
DFHDream Finders Homes, Inc.COM CL A277,496$6.26M0.7%+51,638+22.9%AddedHistory
ALXAlexanders IncCOM29,925$6.26M0.7%+610+2.1%AddedHistory
SRCE1st Source CorpCOM104,551$6.25M0.7%−9,449−8.3%ReducedHistory
FORForestar Group Inc.COM295,104$6.24M0.7%+57,943+24.4%AddedHistory
EFSCEnterprise Financial Services CorpCOM114,948$6.18M0.7%−7,044−5.8%ReducedHistory
VSTVistra Corp.Stock51,645$6.07M0.7%+2,123+4.3%AddedHistory
BRK.BBerkshire Hathaway IncStock11,360$6.05M0.7%−350−3.0%ReducedHistory
HPKHighPeak Energy, Inc.COM471,548$5.97M0.7%+13,719+3.0%AddedHistory
JXNJackson Financial Inc.COM CL A69,146$5.79M0.7%+1,017+1.5%AddedHistory
WORWorthington Enterprises, Inc.COM114,752$5.75M0.7%+520.0%AddedHistory
WMWaste Management IncStock24,291$5.62M0.6%−84−0.3%ReducedHistory
AEMAgnico Eagle Mines LtdStock51,560$5.59M0.6%−58−0.1%ReducedHistory
PANWPalo Alto Networks IncStock32,628$5.57M0.6%−172−0.5%ReducedHistory
NNINelnet IncCL A49,534$5.49M0.6%−12,476−20.1%ReducedHistory
CMRECostamare Inc.SHS555,073$5.46M0.6%+46,878+9.2%AddedHistory
OTTROtter Tail CorpCOM67,959$5.46M0.6%+61,048+883.3%AddedHistory
SMSM Energy CoCOM172,344$5.16M0.6%+59,793+53.1%AddedHistory
TRIThomson Reuters CorpCOM NO PAR29,637$5.11M0.6%+2,122+7.7%AddedHistory
SAHSonic Automotive IncCL A88,885$5.06M0.6%+1,785+2.0%AddedHistory
CCSIConsensus Cloud Solutions, Inc.COM215,016$4.96M0.6%+10,084+4.9%AddedHistory
NOGNorthern Oil & Gas, Inc.COM161,360$4.88M0.6%+88,273+120.8%AddedHistory
GNWGenworth Financial IncCOM SHS680,225$4.82M0.5%+17,725+2.7%AddedHistory
LNGCheniere Energy, Inc.COM NEW20,693$4.79M0.5%−3,558−14.7%ReducedHistory
Golden Ocean Group LtdG39637205SHS NEW598,732$4.78M0.5%−21,758−3.5%Reduced–
PRDOPerdoceo Education CorpCOM186,790$4.70M0.5%−16,310−8.0%ReducedHistory
TSLXSixth Street Specialty Lending, Inc.COM203,438$4.55M0.5%−4,538−2.2%ReducedHistory
CAHCardinal Health IncStock33,040$4.55M0.5%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock18,170$4.46M0.5%−400−2.2%ReducedHistory
VVisa Inc.Stock12,192$4.27M0.5%−133−1.1%ReducedHistory
BANFBancfirst CorpCOM38,721$4.25M0.5%+13,921+56.1%AddedHistory
ORCLOracle CorpStock29,213$4.08M0.5%+101+0.3%AddedHistory
SDSandridge Energy IncCOM NEW335,081$3.83M0.4%+980.0%AddedHistory
TCOMTrip.com Group LtdADS59,584$3.79M0.4%−104−0.2%ReducedHistory
GICGlobal Industrial CoCOM165,779$3.71M0.4%+58,479+54.5%AddedHistory
KGCKinross Gold CorpCOM286,590$3.61M0.4%+286,590NewHistory
ERICEricsson LM Telephone CoADR B SEK 10458,400$3.56M0.4%−1,279−0.3%ReducedHistory
FLNGFlex LNG Ltd.SHS154,568$3.55M0.4%−82,332−34.8%ReducedHistory
CASHPathward Financial, Inc.COM48,370$3.53M0.4%00.0%UnchangedHistory
GRBKGreen Brick Partners, Inc.COM59,359$3.46M0.4%+23,040+63.4%AddedHistory
CNXNPC Connection IncCOM53,023$3.31M0.4%−51,877−49.5%ReducedHistory
COPConocoPhillipsStock31,140$3.27M0.4%−45−0.1%ReducedHistory
TNKTeekay Tankers Ltd.CL A84,949$3.25M0.4%+29,549+53.3%AddedHistory
PLTRPalantir Technologies Inc.Stock38,225$3.23M0.4%+9,695+34.0%AddedHistory
SBSafe Bulkers, Inc.COM870,415$3.21M0.4%+178,646+25.8%AddedHistory
MCDMcDonalds CorpStock10,255$3.20M0.4%−205−2.0%ReducedHistory
ATKRAtkore Inc.COM53,027$3.18M0.4%+27+0.1%AddedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF31,576$3.12M0.4%+675+2.2%Added–
CCAPCrescent Capital BDC, Inc.COM178,585$3.06M0.3%−5,198−2.8%ReducedHistory
MOVMovado Group IncCOM182,191$3.05M0.3%−54,717−23.1%ReducedHistory
PMPhilip Morris International Inc.Stock19,122$3.04M0.3%+19,122NewHistory
BZHBeazer Homes USA IncCOM NEW147,777$3.01M0.3%+98,277+198.5%AddedHistory
AMRAlpha Metallurgical Resources, Inc.COM23,611$2.96M0.3%+90.0%AddedHistory
WMKWeis Markets IncCOM38,219$2.94M0.3%+319+0.8%AddedHistory
PLABPhotronics IncCOM139,863$2.90M0.3%+83,863+149.8%AddedHistory
NOWServiceNow, Inc.Stock3,613$2.88M0.3%−4,433−55.1%ReducedHistory
PFBCPreferred BankCOM NEW34,113$2.85M0.3%+26,313+337.3%AddedHistory
RDNRadian Group IncCOM83,376$2.76M0.3%+83,376NewHistory
DNOWDNOW Inc.COM160,227$2.74M0.3%+160,227NewHistory
PGProcter & Gamble CoStock16,010$2.73M0.3%−203−1.3%ReducedHistory

Sold out since Q4 2024 (33)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Denali Advisors LLC sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
BFHBread Financial Holdings, Inc.COM70,032$4.28M0.4%History
WSBCWesbanco IncCOM130,200$4.24M0.4%History
THCTenet Healthcare CorpCOM NEW33,515$4.23M0.4%History
BLDRBuilders FirstSource, Inc.Stock22,335$3.19M0.3%History
SHOEShoe Station Group IncCOM91,800$3.04M0.3%History
ALSNAllison Transmission Holdings IncStock26,168$2.83M0.3%History
REPXRiley Exploration Permian, Inc.COM87,495$2.79M0.3%History
MARMarriott International IncStock9,794$2.73M0.3%History
VanEck ETF Trust92189F411BDC INCOME ETF157,066$2.61M0.3%–
AGMFederal Agricultural Mortgage CorpCL C11,300$2.23M0.2%History
SFNCSimmons First National CorpCL A $1 PAR58,300$1.29M0.1%History
DHIHorton D R IncCOM8,628$1.21M0.1%History
TWITitan International IncCOM150,900$1.02M0.1%History
DXPEDXP Enterprises IncCOM NEW12,340$1.02M0.1%History
UHTUniversal Health Realty Income TrustSH BEN INT25,500$949.0K0.1%History
CNOBConnectOne Bancorp, Inc.COM36,800$843.0K0.1%History
TTEKTetra Tech IncCOM19,802$788.9K0.1%History
DFSDiscover Financial ServicesCOM4,411$764.0K0.1%History
LENLennar CorpCL A4,114$561.0K0.1%History
BANRBanner CorpCOM NEW8,300$554.0K0.1%History
Aris Water Solutions, Inc.04041L106CLASS A COM21,151$507.0K0.1%–
OMCOmnicom Group Inc.COM5,714$492.0K0.1%History
MRKMerck & Co., Inc.Stock4,835$481.0K0.1%History
DUKDuke Energy CORPStock4,200$453.0K<0.1%History
ATLCAtlanticus Holdings CorpCOM7,152$399.0K<0.1%History
STMSTMicroelectronics N.V.NY REGISTRY13,934$347.9K<0.1%History
SWBISmith & Wesson Brands, Inc.COM34,100$345.0K<0.1%History
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS6,288$340.7K<0.1%History
EXPDExpeditors International of Washington IncCOM2,807$311.0K<0.1%History
GEHCGE HealthCare Technologies Inc.Stock3,700$289.0K<0.1%History
ATOAtmos Energy CorpCOM2,010$280.0K<0.1%History
ZEUSOlympic Steel IncCOM7,000$230.0K<0.1%History
TKTeekay Corp LtdSHS10,100$70.0K<0.1%History