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Livermore
Livermore
ZHEN

Denali Advisors LLC

SEC CIK
0001142941
Latest filing
Aug 10, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 7, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
297
+9 vs. Q2 2025
Portfolio value
$885.1M
−$75.0M (−7.8%) vs. Q2 2025
Filed
Nov 7, 2025
SEC
Holdings of Denali Advisors LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock217,681$40.6M4.6%−83,706−27.8%ReducedHistory
MSFTMicrosoft CorpStock69,632$36.1M4.1%−24,976−26.4%ReducedHistory
AAPLApple Inc.Stock119,018$30.3M3.4%−38,669−24.5%ReducedHistory
GOOGAlphabet Inc.Stock76,983$18.7M2.1%−29,083−27.4%ReducedHistory
AMZNAmazon Com IncStock81,976$18.0M2.0%−46,452−36.2%ReducedHistory
METAMeta Platforms, Inc.Stock23,843$17.5M2.0%−8,752−26.9%ReducedHistory
HOODRobinhood Markets, Inc.Stock93,116$13.3M1.5%−10,075−9.8%ReducedHistory
NFLXNetflix IncStock10,307$12.4M1.4%−2,687−20.7%ReducedHistory
AVGOBroadcom Inc.Stock37,277$12.3M1.4%−20,874−35.9%ReducedHistory
TSLATesla, Inc.Stock22,159$9.85M1.1%−8,549−27.8%ReducedHistory
PLTRPalantir Technologies Inc.Stock53,509$9.76M1.1%−11,412−17.6%ReducedHistory
TAT&T Inc.Stock326,053$9.21M1.0%−74,984−18.7%ReducedHistory
ORCLOracle CorpStock32,400$9.11M1.0%+3,171+10.8%AddedHistory
ARCCAres Capital CorpCEF446,106$9.11M1.0%−117,345−20.8%ReducedHistory
WMTWalmart Inc.Stock83,451$8.60M1.0%−21,259−20.3%ReducedHistory
GRBKGreen Brick Partners, Inc.COM111,063$8.20M0.9%+546+0.5%AddedHistory
CCSIConsensus Cloud Solutions, Inc.COM277,038$8.14M0.9%+33,198+13.6%AddedHistory
AEMAgnico Eagle Mines LtdStock48,119$8.11M0.9%−3,457−6.7%ReducedHistory
COSTCostco Wholesale CorpStock8,683$8.04M0.9%−2,410−21.7%ReducedHistory
CMRECostamare Inc.SHS672,396$8.01M0.9%−50,260−7.0%ReducedHistory
BKEBuckle IncCOM134,600$7.90M0.9%−19,075−12.4%ReducedHistory
MOAltria Group, Inc.Stock116,243$7.68M0.9%−21,719−15.7%ReducedHistory
FORForestar Group Inc.COM287,213$7.64M0.9%−49,614−14.7%ReducedHistory
MBINMerchants BancorpCOM239,414$7.61M0.9%+38,904+19.4%AddedHistory
MAINMain Street Capital CORPCEF119,697$7.61M0.9%−32,502−21.4%ReducedHistory
VSTVistra Corp.Stock38,719$7.59M0.9%−12,400−24.3%ReducedHistory
CATYCathay General BancorpCOM153,474$7.37M0.8%+5,228+3.5%AddedHistory
EFSCEnterprise Financial Services CorpCOM125,900$7.30M0.8%+3,976+3.3%AddedHistory
NMIHNMI Holdings, Inc.COM190,211$7.29M0.8%+18,217+10.6%AddedHistory
IBOCInternational Bancshares CorpCOM105,917$7.28M0.8%+3,545+3.5%AddedHistory
RUSHARush Enterprises IncCL A135,296$7.23M0.8%+3,559+2.7%AddedHistory
FFBCFirst Financial BancorpCOM286,500$7.23M0.8%+23,975+9.1%AddedHistory
DFHDream Finders Homes, Inc.COM CL A276,458$7.17M0.8%−37,352−11.9%ReducedHistory
JXNJackson Financial Inc.COM CL A70,700$7.16M0.8%+1,254+1.8%AddedHistory
IMKTAIngles Markets IncCL A102,839$7.15M0.8%+1,750+1.7%AddedHistory
OTTROtter Tail CorpCOM86,125$7.06M0.8%+6,950+8.8%AddedHistory
GEFGreif, IncCL A117,485$7.02M0.8%+1,818+1.6%AddedHistory
ALXAlexanders IncCOM29,900$7.01M0.8%+1,976+7.1%AddedHistory
FGF&G Annuities & Life, Inc.COMMON STOCK223,161$6.98M0.8%+49,728+28.7%AddedHistory
ACTEnact Holdings, Inc.COM178,879$6.86M0.8%+5,094+2.9%AddedHistory
FRMEFirst Merchants CorpCOM180,600$6.81M0.8%+6,216+3.6%AddedHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW158,079$6.78M0.8%+7,825+5.2%AddedHistory
HDHome Depot, Inc.Stock16,705$6.77M0.8%−5,752−25.6%ReducedHistory
DNOWDNOW Inc.COM443,337$6.76M0.8%+266,733+151.0%AddedHistory
SRCE1st Source CorpCOM109,400$6.73M0.8%+4,349+4.1%AddedHistory
FIZZNational Beverage CorpCOM182,262$6.73M0.8%+42,212+30.1%AddedHistory
OBDCBlue Owl Capital CorpCOM508,615$6.50M0.7%−121,603−19.3%ReducedHistory
BXSLBlackstone Secured Lending FundCOMMON STOCK243,140$6.34M0.7%−60,641−20.0%ReducedHistory
SMSM Energy CoCOM245,572$6.13M0.7%−16,330−6.2%ReducedHistory
GBDCGolub Capital BDC, Inc.COM433,255$5.93M0.7%−108,893−20.1%ReducedHistory
WMWaste Management IncStock26,752$5.91M0.7%−5,116−16.1%ReducedHistory
CAHCardinal Health IncStock35,680$5.60M0.6%+2,640+8.0%AddedHistory
MAMastercard IncStock9,643$5.49M0.6%−2,909−23.2%ReducedHistory
JPMJPMorgan Chase & CoStock17,170$5.42M0.6%−200−1.2%ReducedHistory
PLABPhotronics IncCOM235,238$5.40M0.6%+92,475+64.8%AddedHistory
CNXNPC Connection IncCOM86,900$5.39M0.6%+20,269+30.4%AddedHistory
GICGlobal Industrial CoCOM146,518$5.37M0.6%−19,260−11.6%ReducedHistory
LADRLadder Capital CorpCL A490,600$5.35M0.6%+244,776+99.6%AddedHistory
NOGNorthern Oil & Gas, Inc.COM214,787$5.33M0.6%+13,206+6.6%AddedHistory
WABCWestamerica BancorporationCOM104,500$5.22M0.6%−2,652−2.5%ReducedHistory
LLYEli Lilly & CoStock6,772$5.17M0.6%−6,004−47.0%ReducedHistory
HTGCHercules Capital, Inc.COM265,576$5.02M0.6%−68,277−20.5%ReducedHistory
NNINelnet IncCL A39,000$4.89M0.6%−5,422−12.2%ReducedHistory
TNKTeekay Tankers Ltd.CL A92,257$4.66M0.5%−31,541−25.5%ReducedHistory
SCSCScansource, Inc.COM104,441$4.59M0.5%+95,486+1,066.3%AddedHistory
DOLEDole plcORD SHS331,200$4.45M0.5%+169,616+105.0%AddedHistory
Alps ETF Tr00162Q452ALERIAN MLP94,253$4.42M0.5%−50,940−35.1%Reduced–
PANWPalo Alto Networks IncStock20,940$4.26M0.5%−5,309−20.2%ReducedHistory
SBSafe Bulkers, Inc.COM955,469$4.24M0.5%+25,388+2.7%AddedHistory
TRIThomson Reuters CorpCOM NO PAR27,306$4.24M0.5%−2,340−7.9%ReducedHistory
IBEXIBEX LtdSHS NEW104,611$4.24M0.5%+515+0.5%AddedHistory
PRDOPerdoceo Education CorpCOM111,900$4.21M0.5%+4,146+3.8%AddedHistory
CEGConstellation Energy CorpStock12,754$4.20M0.5%−628−4.7%ReducedHistory
LNGCheniere Energy, Inc.COM NEW17,795$4.18M0.5%−4,095−18.7%ReducedHistory
BRK.BBerkshire Hathaway IncStock8,210$4.13M0.5%−1,852−18.4%ReducedHistory
HPKHighPeak Energy, Inc.COM582,532$4.12M0.5%+60,007+11.5%AddedHistory
FLEXFlex Ltd.Stock67,530$3.91M0.4%−5,443−7.5%ReducedHistory
AMRAlpha Metallurgical Resources, Inc.COM23,400$3.84M0.4%−211−0.9%ReducedHistory
BTUPeabody Energy CorpCOM143,311$3.80M0.4%−7,955−5.3%ReducedHistory
SDSandridge Energy IncCOM NEW334,900$3.78M0.4%−364−0.1%ReducedHistory
KGCKinross Gold CorpCOM151,979$3.78M0.4%−106,111−41.1%ReducedHistory
FSKFS KKR Capital CorpCOM251,488$3.75M0.4%−56,559−18.4%ReducedHistory
TSLXSixth Street Specialty Lending, Inc.COM159,133$3.64M0.4%−39,552−19.9%ReducedHistory
AMPHAmphastar Pharmaceuticals, Inc.COM135,000$3.60M0.4%+135,000NewHistory
CASHPathward Financial, Inc.COM48,370$3.58M0.4%00.0%UnchangedHistory
MURMurphy Oil CorpCOM119,639$3.40M0.4%+4,663+4.1%AddedHistory
BZHBeazer Homes USA IncCOM NEW138,100$3.39M0.4%+923+0.7%AddedHistory
ERICEricsson LM Telephone CoADR B SEK 10405,497$3.35M0.4%−53,201−11.6%ReducedHistory
STBAS&T Bancorp IncCOM88,700$3.33M0.4%+39,977+82.0%AddedHistory
ATKRAtkore Inc.COM53,000$3.33M0.4%−260.0%ReducedHistory
BLKBlackRock, Inc.Stock2,830$3.30M0.4%00.0%UnchangedHistory
SIGASiga Technologies IncCOM360,300$3.30M0.4%−30,803−7.9%ReducedHistory
MBCMasterBrand, Inc.COMMON STOCK241,400$3.18M0.4%+241,400NewHistory
PFBCPreferred BankCOM NEW34,200$3.09M0.3%+34,200NewHistory
CALMCal-Maine Foods IncCOM NEW32,700$3.08M0.3%+546+1.7%AddedHistory
PBFPBF Energy Inc.CL A101,463$3.06M0.3%−1,751−1.7%ReducedHistory
PLTKPlaytika Holding Corp.COM772,214$3.00M0.3%+772,214NewHistory
SLVMSylvamo CorpCOMMON STOCK66,400$2.94M0.3%+50,174+309.2%AddedHistory
HRMYHarmony Biosciences Holdings, Inc.COM102,028$2.81M0.3%+22,661+28.6%AddedHistory
PRGPROG Holdings, Inc.Stock83,000$2.69M0.3%+83,000NewHistory

Sold out since Q2 2025 (36)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Denali Advisors LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
VCTRVictory Capital Holdings, Inc.COM CL A105,277$6.70M0.7%History
TGNATegna IncCOM383,911$6.43M0.7%History
SAHSonic Automotive IncCL A56,667$4.53M0.5%History
WORWorthington Enterprises, Inc.COM62,732$3.99M0.4%History
PAXPatria Investments LtdCOM CL A234,819$3.30M0.3%History
RDNRadian Group IncCOM82,976$2.99M0.3%History
ISRGIntuitive Surgical IncCOM NEW3,660$1.99M0.2%History
VRTSVirtus Investment Partners, Inc.COM9,004$1.63M0.2%History
PEBOPeoples Bancorp IncCOM43,523$1.33M0.1%History
CENTACentral Garden & Pet CoCL A NON-VTG39,700$1.24M0.1%History
KDPKeurig Dr Pepper Inc.COM34,511$1.14M0.1%History
LTCLTC Properties IncREIT25,012$865.7K0.1%History
RELXRELX PLCSPONSORED ADR15,811$859.1K0.1%History
CVXChevron CorpStock5,701$816.3K0.1%History
CMDBCostamare Bulkers Holdings LtdCOM SHS92,025$797.9K0.1%History
PFEPfizer IncStock31,700$768.4K0.1%History
MRVLMarvell Technology, Inc.COM8,540$661.0K0.1%History
VRSNVerisign IncCOM2,103$607.3K0.1%History
CNOCNO Financial Group, Inc.COM15,007$579.0K0.1%History
BNYBank of New York Mellon CorpStock6,300$574.0K0.1%History
PPCPilgrims Pride CorpStock11,977$538.7K0.1%History
VTLEVital Energy, Inc.COM33,465$538.5K0.1%History
ADBEAdobe Inc.Stock1,391$538.2K0.1%History
INMDInMode Ltd.SHS34,851$503.2K0.1%History
USNAUsana Health Sciences IncCOM16,409$501.0K0.1%History
EMBCEmbecta Corp.Stock49,226$477.0K<0.1%History
QCOMQualcomm IncStock2,700$430.0K<0.1%History
PAGSPagSeguro Digital Ltd.COM CL A42,859$413.2K<0.1%History
EDConsolidated Edison IncStock4,109$412.3K<0.1%History
GENGen Digital Inc.Stock12,700$373.4K<0.1%History
RACEFerrari N.V.COM748$367.1K<0.1%History
Golden Ocean Group LtdG39637205SHS NEW49,246$360.5K<0.1%–
LENLennar CorpCL A2,711$299.9K<0.1%History
EMEEMCOR Group, Inc.Stock500$267.4K<0.1%History
ARWArrow Electronics, Inc.COM1,631$207.8K<0.1%History
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD629$50.0K<0.1%–