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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
VICIVici Properties Inc.COM29,811$972.4K0.1%+29,811NewHistory
EBFEnnis, Inc.COM49,174$987.9K0.1%+1,724+3.6%AddedHistory
BACBank of America CorpStock23,800$993.2K0.1%00.0%UnchangedHistory
PAXPatria Investments LtdCOM CL A90,242$1.02M0.1%+90,242NewHistory
VCTRVictory Capital Holdings, Inc.COM CL A17,707$1.02M0.1%−24,406−58.0%ReducedHistory
INTUIntuit Inc.Stock1,670$1.03M0.1%−6,803−80.3%ReducedHistory
BPBP PLCADR30,537$1.03M0.1%−140.0%ReducedHistory
AZNAstraZeneca PLCSPONSORED ADR14,065$1.03M0.1%+2,477+21.4%AddedHistory
GOOGLAlphabet Inc.Stock6,800$1.05M0.1%−200−2.9%ReducedHistory
AFLAflac IncStock9,732$1.08M0.1%+704+7.8%AddedHistory
GSKGSK plcADR28,777$1.11M0.1%+28,777NewHistory
HGHamilton Insurance Group, Ltd.CL B54,326$1.13M0.1%+54,326NewHistory
SYKStryker CorpStock3,078$1.15M0.1%−22−0.7%ReducedHistory
CVXChevron CorpStock6,901$1.15M0.1%+100+1.5%AddedHistory
LTCLTC Properties IncREIT32,622$1.16M0.1%+522+1.6%AddedHistory
MFICMidCap Financial Investment CorpCOM NEW90,006$1.16M0.1%+9,103+11.3%AddedHistory
AMATApplied Materials IncStock7,992$1.16M0.1%−157−1.9%ReducedHistory
KDPKeurig Dr Pepper Inc.COM34,700$1.19M0.1%−387−1.1%ReducedHistory
iShares Tr46436E7180-3 MTH TREASURY11,821$1.19M0.1%+3,317+39.0%Added–
SHELShell plcADR16,911$1.24M0.1%−90−0.5%ReducedHistory
BWXTBWX Technologies, Inc.COM12,677$1.25M0.1%−31,812−71.5%ReducedHistory
IRMIron Mountain IncCOM14,586$1.25M0.1%−113−0.8%ReducedHistory
RBCAARepublic Bancorp IncCL A19,984$1.28M0.1%+305+1.5%AddedHistory
BNBROOKFIELD CorpCL A LTD VT SH24,961$1.31M0.1%−7,589−23.3%ReducedHistory
NMFCNew Mountain Finance CorpCOM118,966$1.31M0.1%+12,895+12.2%AddedHistory
BBDCBarings BDC, Inc.COM138,153$1.32M0.2%+11,546+9.1%AddedHistory
STLDSteel Dynamics IncCOM10,670$1.33M0.2%−3,251−23.4%ReducedHistory
RESRPC IncCOM251,925$1.39M0.2%+251,925NewHistory
GRNTGranite Ridge Resources, Inc.COM229,049$1.39M0.2%−119−0.1%ReducedHistory
ANETArista Networks, Inc.Stock18,135$1.41M0.2%−40,421−69.0%ReducedHistory
CASYCaseys General Stores IncCOM3,391$1.47M0.2%−31−0.9%ReducedHistory
SAPSAP SEADR5,492$1.47M0.2%+2,629+91.8%AddedHistory
Vanguard Scottsdale FDS92206C813LG-TERM COR BD19,451$1.48M0.2%+372+1.9%Added–
GLPIGaming & Leisure Properties, Inc.COM29,515$1.50M0.2%−202−0.7%ReducedHistory
AMCXAMC Global Media Inc.CL A225,339$1.55M0.2%+139+0.1%AddedHistory
URIUnited Rentals, Inc.COM2,520$1.58M0.2%−22−0.9%ReducedHistory
HOVHovnanian Enterprises IncCL A NEW15,814$1.66M0.2%+5,008+46.3%AddedHistory
OFGOfg BancorpCOM42,220$1.69M0.2%+42,220NewHistory
HOODRobinhood Markets, Inc.Stock40,820$1.70M0.2%+40,820NewHistory
ORLYO Reilly Automotive IncStock1,212$1.74M0.2%−10−0.8%ReducedHistory
OHIOmega Healthcare Investors IncCOM46,149$1.76M0.2%+631+1.4%AddedHistory
MSDLMorgan Stanley Direct Lending FundCOM SHS89,262$1.78M0.2%−3,574−3.8%ReducedHistory
IBEXIBEX LtdSHS NEW73,718$1.80M0.2%+47,756+183.9%AddedHistory
ISRGIntuitive Surgical IncCOM NEW3,741$1.85M0.2%−31−0.8%ReducedHistory
LADRLadder Capital CorpCL A166,081$1.89M0.2%+74,981+82.3%AddedHistory
BUSEFirst Busey CorpCOM NEW89,750$1.94M0.2%−15,250−14.5%ReducedHistory
PBFPBF Energy Inc.CL A103,215$1.97M0.2%+52+0.1%AddedHistory
GSBDGoldman Sachs BDC, Inc.SHS170,452$1.98M0.2%+18,175+11.9%AddedHistory
NAVINavient CorpCOM158,987$2.01M0.2%+4,287+2.8%AddedHistory
KKRKKR & Co. Inc.COM17,540$2.03M0.2%−38,141−68.5%ReducedHistory
MCKMcKesson CorpStock3,018$2.03M0.2%−10−0.3%ReducedHistory
BTUPeabody Energy CorpCOM151,258$2.05M0.2%+147+0.1%AddedHistory
EVREvercore Inc.CLASS A10,298$2.06M0.2%−776−7.0%ReducedHistory
SIGASiga Technologies IncCOM390,530$2.14M0.2%+11,986+3.2%AddedHistory
CENTACentral Garden & Pet CoCL A NON-VTG65,626$2.15M0.2%+18,026+37.9%AddedHistory
VZVerizon Communications IncStock48,102$2.18M0.2%+11,983+33.2%AddedHistory
CGBDCarlyle Secured Lending, Inc.COM136,036$2.20M0.3%−4,411−3.1%ReducedHistory
WELLWelltower Inc.REIT14,567$2.23M0.3%+400+2.8%AddedHistory
SLRCSLR Investment Corp.COM132,725$2.24M0.3%+9,229+7.5%AddedHistory
UNPUnion Pacific CorpStock9,603$2.27M0.3%−75−0.8%ReducedHistory
OCSLOaktree Specialty Lending CorpCOM147,769$2.27M0.3%+4,513+3.2%AddedHistory
KBHKB HomeCOM39,467$2.29M0.3%+39,467NewHistory
ETDEthan Allen Interiors IncCOM83,040$2.30M0.3%+47,140+131.3%AddedHistory
BXCBlueLinx Holdings Inc.COM NEW31,223$2.34M0.3%−27,395−46.7%ReducedHistory
QCRHQCR Holdings IncCOM32,971$2.35M0.3%−31,228−48.6%ReducedHistory
SCCOSouthern Copper CorpStock25,764$2.41M0.3%−24,285−48.5%ReducedHistory
FLEXFlex Ltd.Stock72,920$2.41M0.3%−140−0.2%ReducedHistory
NVSNovartis AGADR21,936$2.45M0.3%−176−0.8%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR15,138$2.51M0.3%+374+2.5%AddedHistory
CEGConstellation Energy CorpStock12,669$2.55M0.3%−60.0%ReducedHistory
CSWCCapital Southwest CorpCOM116,404$2.60M0.3%+11,908+11.4%AddedHistory
HRMYHarmony Biosciences Holdings, Inc.COM79,367$2.63M0.3%−24,947−23.9%ReducedHistory
ULHUniversal Logistics Holdings, Inc.COM101,001$2.65M0.3%+8,752+9.5%AddedHistory
BLKBlackRock, Inc.Stock2,830$2.68M0.3%00.0%UnchangedHistory
PGProcter & Gamble CoStock16,010$2.73M0.3%−203−1.3%ReducedHistory
DNOWDNOW Inc.COM160,227$2.74M0.3%+160,227NewHistory
RDNRadian Group IncCOM83,376$2.76M0.3%+83,376NewHistory
PFBCPreferred BankCOM NEW34,113$2.85M0.3%+26,313+337.3%AddedHistory
NOWServiceNow, Inc.Stock3,613$2.88M0.3%−4,433−55.1%ReducedHistory
PLABPhotronics IncCOM139,863$2.90M0.3%+83,863+149.8%AddedHistory
WMKWeis Markets IncCOM38,219$2.94M0.3%+319+0.8%AddedHistory
AMRAlpha Metallurgical Resources, Inc.COM23,611$2.96M0.3%+90.0%AddedHistory
BZHBeazer Homes USA IncCOM NEW147,777$3.01M0.3%+98,277+198.5%AddedHistory
PMPhilip Morris International Inc.Stock19,122$3.04M0.3%+19,122NewHistory
MOVMovado Group IncCOM182,191$3.05M0.3%−54,717−23.1%ReducedHistory
CCAPCrescent Capital BDC, Inc.COM178,585$3.06M0.3%−5,198−2.8%ReducedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF31,576$3.12M0.4%+675+2.2%Added–
ATKRAtkore Inc.COM53,027$3.18M0.4%+27+0.1%AddedHistory
MCDMcDonalds CorpStock10,255$3.20M0.4%−205−2.0%ReducedHistory
SBSafe Bulkers, Inc.COM870,415$3.21M0.4%+178,646+25.8%AddedHistory
PLTRPalantir Technologies Inc.Stock38,225$3.23M0.4%+9,695+34.0%AddedHistory
TNKTeekay Tankers Ltd.CL A84,949$3.25M0.4%+29,549+53.3%AddedHistory
COPConocoPhillipsStock31,140$3.27M0.4%−45−0.1%ReducedHistory
CNXNPC Connection IncCOM53,023$3.31M0.4%−51,877−49.5%ReducedHistory
GRBKGreen Brick Partners, Inc.COM59,359$3.46M0.4%+23,040+63.4%AddedHistory
CASHPathward Financial, Inc.COM48,370$3.53M0.4%00.0%UnchangedHistory
FLNGFlex LNG Ltd.SHS154,568$3.55M0.4%−82,332−34.8%ReducedHistory
ERICEricsson LM Telephone CoADR B SEK 10458,400$3.56M0.4%−1,279−0.3%ReducedHistory
KGCKinross Gold CorpCOM286,590$3.61M0.4%+286,590NewHistory
GICGlobal Industrial CoCOM165,779$3.71M0.4%+58,479+54.5%AddedHistory

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