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Livermore
Livermore
ZHEN

Denali Advisors LLC

SEC CIK
0001142941
Latest filing
Aug 10, 2026

Holdings in Q1 2026

Holdings as of Mar 31, 2026, filed May 8, 2026. Long positions only; changes compare share counts with Q4 2025.

Institution overview
Positions
307
−14 vs. Q4 2025
Portfolio value
$899.7M
−$1.32M (−0.1%) vs. Q4 2025
Filed
May 8, 2026
SEC
Holdings of Denali Advisors LLC in Q1 2026
SecurityClassSharesValue% of portfolioShare changeActionHistory
BFSSaul Centers, Inc.COM71,500$2.33M0.3%+23,100+47.7%AddedHistory
OTFBlue Owl Technology Finance Corp.COMMON STOCK188,540$2.34M0.3%+80,162+74.0%AddedHistory
SIGASiga Technologies IncCOM436,887$2.34M0.3%+75,087+20.8%AddedHistory
PMPhilip Morris International Inc.Stock14,263$2.36M0.3%−34−0.2%ReducedHistory
INSWInternational Seaways, Inc.COM32,528$2.37M0.3%+17,300+113.6%AddedHistory
SLVMSylvamo CorpCOMMON STOCK56,500$2.39M0.3%00.0%UnchangedHistory
MPCMarathon Petroleum CorpStock9,824$2.40M0.3%+1,109+12.7%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR7,118$2.41M0.3%−224−3.1%ReducedHistory
LNGCheniere Energy, Inc.COM NEW8,518$2.42M0.3%−13,645−61.6%ReducedHistory
SCCOSouthern Copper CorpStock14,353$2.47M0.3%−2,029−12.4%ReducedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF26,053$2.59M0.3%+3,487+15.5%Added–
CALMCal-Maine Foods IncCOM NEW32,700$2.59M0.3%00.0%UnchangedHistory
TSLXSixth Street Specialty Lending, Inc.COM144,882$2.66M0.3%+4,738+3.4%AddedHistory
BLKBlackRock, Inc.Stock2,830$2.72M0.3%00.0%UnchangedHistory
MGRCMcGrath RentcorpCOM26,500$2.92M0.3%+23,200+703.0%AddedHistory
TGLSTecnoglass Holdings Inc.ORD SHS69,439$3.09M0.3%+35,616+105.3%AddedHistory
PRGPROG Holdings, Inc.Stock110,611$3.17M0.4%+110,611NewHistory
SBSafe Bulkers, Inc.COM504,824$3.20M0.4%−448,246−47.0%ReducedHistory
ATKRAtkore Inc.COM55,000$3.24M0.4%00.0%UnchangedHistory
HTGCHercules Capital, Inc.COM224,350$3.31M0.4%−8,899−3.8%ReducedHistory
MCYMercury General CorpCOM38,214$3.37M0.4%+34,214+855.3%AddedHistory
PANWPalo Alto Networks IncStock21,054$3.38M0.4%+20.0%AddedHistory
TKTeekay Corp LtdSHS282,931$3.45M0.4%−282−0.1%ReducedHistory
PRIMPrimoris Services CorpStock24,460$3.50M0.4%+24,460NewHistory
KGCKinross Gold CorpCOM126,326$3.86M0.4%−1,780−1.4%ReducedHistory
CVXChevron CorpStock19,056$3.94M0.4%+19,056NewHistory
PLTKPlaytika Holding Corp.COM1,428,314$3.97M0.4%+316,000+28.4%AddedHistory
BRK.BBerkshire Hathaway IncStock8,710$4.17M0.5%+300+3.6%AddedHistory
SAFESafehold Inc.COM309,600$4.19M0.5%+217,700+236.9%AddedHistory
SEMSelect Medical Holdings CorpCOM263,100$4.29M0.5%00.0%UnchangedHistory
CASHPathward Financial, Inc.COM48,370$4.32M0.5%00.0%UnchangedHistory
FLEXFlex Ltd.Stock67,486$4.42M0.5%−20.0%ReducedHistory
ERICEricsson LM Telephone CoADR B SEK 10404,240$4.56M0.5%−230.0%ReducedHistory
GBDCGolub Capital BDC, Inc.COM365,282$4.62M0.5%−7,338−2.0%ReducedHistory
HOODRobinhood Markets, Inc.Stock67,047$4.65M0.5%+124+0.2%AddedHistory
DOLEDole plcORD SHS329,100$4.70M0.5%−2,400−0.7%ReducedHistory
DFHDream Finders Homes, Inc.COM CL A338,282$4.71M0.5%+78,263+30.1%AddedHistory
LADRLadder Capital CorpCL A482,200$4.71M0.5%−6,500−1.3%ReducedHistory
MAMastercard IncStock9,548$4.77M0.5%−16−0.2%ReducedHistory
BXSLBlackstone Secured Lending FundCOMMON STOCK204,149$4.84M0.5%−8,939−4.2%ReducedHistory
CNXNPC Connection IncCOM83,300$4.87M0.5%+16,000+23.8%AddedHistory
Alps ETF Tr00162Q452ALERIAN MLP94,394$4.97M0.6%−247−0.3%Reduced–
OBDCBlue Owl Capital CorpCOM459,746$5.08M0.6%−10,333−2.2%ReducedHistory
CASYCaseys General Stores IncCOM7,010$5.10M0.6%+20.0%AddedHistory
ORCLOracle CorpStock35,071$5.16M0.6%+115+0.3%AddedHistory
PLABPhotronics IncCOM128,553$5.19M0.6%−184,851−59.0%ReducedHistory
AMPHAmphastar Pharmaceuticals, Inc.COM266,465$5.22M0.6%+54,700+25.8%AddedHistory
JPMJPMorgan Chase & CoStock17,770$5.23M0.6%+500+2.9%AddedHistory
BYByline Bancorp, Inc.COM167,416$5.29M0.6%+41,664+33.1%AddedHistory
NNINelnet IncCL A41,200$5.31M0.6%−3,400−7.6%ReducedHistory
MAINMain Street Capital CORPCEF101,485$5.37M0.6%−4,815−4.5%ReducedHistory
ALXAlexanders IncCOM22,900$5.41M0.6%−7,000−23.4%ReducedHistory
HDHome Depot, Inc.Stock16,645$5.47M0.6%−16−0.1%ReducedHistory
VSTVistra Corp.Stock38,728$5.82M0.6%+60.0%AddedHistory
BKEBuckle IncCOM116,600$5.87M0.7%+8,900+8.3%AddedHistory
ABGAsbury Automotive Group IncCOM30,122$5.89M0.7%+8,900+41.9%AddedHistory
WSWorthington Steel, Inc.COM SHS199,415$6.05M0.7%+131,715+194.6%AddedHistory
WMWaste Management IncStock26,726$6.14M0.7%−27−0.1%ReducedHistory
SMSM Energy CoCOM202,800$6.32M0.7%−97,200−32.4%ReducedHistory
CCSIConsensus Cloud Solutions, Inc.COM267,184$6.34M0.7%−3,881−1.4%ReducedHistory
STBAS&T Bancorp IncCOM151,800$6.35M0.7%+24,700+19.4%AddedHistory
CMRECostamare Inc.SHS390,777$6.60M0.7%−107,200−21.5%ReducedHistory
SDSandridge Energy IncCOM NEW407,451$6.65M0.7%+1,458+0.4%AddedHistory
ARCCAres Capital CorpCEF377,611$6.80M0.8%−14,818−3.8%ReducedHistory
CATCaterpillar IncStock9,697$6.87M0.8%+30.0%AddedHistory
FGF&G Annuities & Life, Inc.COMMON STOCK273,600$6.93M0.8%+31,939+13.2%AddedHistory
GBXGreenbrier Companies IncStock131,941$6.95M0.8%+109,741+494.3%AddedHistory
WLFCWillis Lease Finance CorpCOM40,952$6.97M0.8%+7,500+22.4%AddedHistory
FORForestar Group Inc.COM293,991$7.19M0.8%−1,174−0.4%ReducedHistory
MHOM/I Homes, Inc.COM59,345$7.27M0.8%+4,106+7.4%AddedHistory
TNKTeekay Tankers Ltd.CL A100,690$7.38M0.8%+10,518+11.7%AddedHistory
GRBKGreen Brick Partners, Inc.COM114,674$7.39M0.8%−400−0.3%ReducedHistory
ACTEnact Holdings, Inc.COM182,288$7.44M0.8%−343−0.2%ReducedHistory
HGHamilton Insurance Group, Ltd.CL B250,800$7.48M0.8%+195,500+353.5%AddedHistory
EFSCEnterprise Financial Services CorpCOM140,800$7.62M0.8%00.0%UnchangedHistory
RUSHARush Enterprises IncCL A116,911$7.73M0.9%−31,900−21.4%ReducedHistory
MOAltria Group, Inc.Stock117,199$7.73M0.9%+2,768+2.4%AddedHistory
GEFGreif, IncCL A115,951$7.78M0.9%−560.0%ReducedHistory
NMIHNMI Holdings, Inc.COM208,300$7.81M0.9%+10,520+5.3%AddedHistory
FFBCFirst Financial BancorpCOM280,700$7.83M0.9%−29,500−9.5%ReducedHistory
PLTRPalantir Technologies Inc.Stock53,662$7.85M0.9%+40+0.1%AddedHistory
IBOCInternational Bancshares CorpCOM117,217$7.89M0.9%+5,900+5.3%AddedHistory
OTTROtter Tail CorpCOM89,909$7.89M0.9%+1,206+1.4%AddedHistory
CATYCathay General BancorpCOM159,062$7.93M0.9%+600+0.4%AddedHistory
FRMEFirst Merchants CorpCOM205,200$7.95M0.9%00.0%UnchangedHistory
FIZZNational Beverage CorpCOM236,519$7.96M0.9%+13,757+6.2%AddedHistory
AEMAgnico Eagle Mines LtdStock39,507$8.00M0.9%+20+0.1%AddedHistory
CBTCabot CorpCOM106,919$8.05M0.9%+23,477+28.1%AddedHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW154,869$8.13M0.9%+2,390+1.6%AddedHistory
TSLATesla, Inc.Stock21,990$8.17M0.9%+11+0.1%AddedHistory
SRCE1st Source CorpCOM119,600$8.28M0.9%−1,000−0.8%ReducedHistory
CAHCardinal Health IncStock39,216$8.29M0.9%+3,558+10.0%AddedHistory
NOGNorthern Oil & Gas, Inc.COM285,461$8.34M0.9%−27,800−8.9%ReducedHistory
MBINMerchants BancorpCOM194,710$8.36M0.9%−42,904−18.1%ReducedHistory
LLYEli Lilly & CoStock9,292$8.55M0.9%+2,571+38.3%AddedHistory
COSTCostco Wholesale CorpStock8,619$8.59M1.0%−10−0.1%ReducedHistory
IMKTAIngles Markets IncCL A96,800$8.70M1.0%−322−0.3%ReducedHistory
NFLXNetflix IncStock102,927$9.90M1.1%−105−0.1%ReducedHistory
TAT&T Inc.Stock355,170$10.3M1.1%+29,521+9.1%AddedHistory
WMTWalmart Inc.Stock82,963$10.3M1.1%−142−0.2%ReducedHistory

Sold out since Q4 2025 (44)

Positions held at the end of Q4 2025 that are gone from this filing.

Positions of Denali Advisors LLC sold out since Q4 2025
SecurityClassShares in Q4 2025Value in Q4 2025% of portfolio in Q4 2025History
CEGConstellation Energy CorpStock12,750$4.50M0.5%History
DNOWDNOW Inc.COM238,645$3.16M0.4%History
HPKHighPeak Energy, Inc.COM617,628$2.93M0.3%History
HRTGHeritage Insurance Holdings, Inc.COM85,115$2.49M0.3%History
WSFSWSFS Financial CorpCOM43,900$2.43M0.3%History
BZHBeazer Homes USA IncCOM NEW84,210$1.71M0.2%History
TEXTerex CorpStock31,353$1.67M0.2%History
VALValaris LtdCL A32,097$1.62M0.2%History
INVAInnoviva, Inc.COM77,200$1.54M0.2%History
EFCEllington Financial Inc.COM88,133$1.20M0.1%History
XOMExxonMobil Holdings CorpCOM9,800$1.18M0.1%History
KKRKKR & Co. Inc.COM8,964$1.14M0.1%History
TCBKTrico BancsharesCOM23,600$1.12M0.1%History
ATLCAtlanticus Holdings CorpCOM15,222$1.02M0.1%History
MOVMovado Group IncCOM46,566$960.2K0.1%History
WABCWestamerica BancorporationCOM17,800$851.4K0.1%History
ADEAAdeia Inc.COM48,300$833.2K0.1%History
SAPSAP SEADR3,088$750.1K0.1%History
ULHUniversal Logistics Holdings, Inc.COM49,224$747.7K0.1%History
NVRNVR IncCOM100$729.3K0.1%History
EXELExelixis, Inc.COM16,222$711.0K0.1%History
VACMarriott Vacations Worldwide CorpCOM12,300$709.6K0.1%History
DDSDillard's, Inc.CL A1,116$676.7K0.1%History
THRThermon Group Holdings, Inc.COM17,157$637.6K0.1%History
INTUIntuit Inc.Stock927$614.1K0.1%History
NOWServiceNow, Inc.Stock3,615$553.8K0.1%History
PBFPBF Energy Inc.CL A20,019$542.9K0.1%History
EXPDExpeditors International of Washington IncCOM3,106$462.8K0.1%History
EDConsolidated Edison IncStock4,606$457.5K0.1%History
CNXCConcentrix CorpStock10,343$430.1K<0.1%History
TCOMTrip.com Group LtdADS5,805$417.4K<0.1%History
VanEck ETF Trust92189F411BDC INCOME ETF28,158$399.3K<0.1%–
UEUrban Edge PropertiesCOM18,900$362.7K<0.1%History
EXCExelon CorpStock8,000$348.7K<0.1%History
MTHMeritage Homes CORPCOM5,022$330.4K<0.1%History
DDominion Energy, IncStock5,600$328.1K<0.1%History
Vanguard High Dividend Yield Index ETF921946406ETF2,103$301.8K<0.1%–
FITBFifth Third BancorpCOM6,339$296.7K<0.1%History
EWBCEast West Bancorp IncCOM2,412$271.1K<0.1%History
GMEDGlobus Medical IncStock2,606$227.5K<0.1%History
GOLDGold.com, Inc.COM6,600$224.7K<0.1%History
ANAutonation, Inc.COM1,031$212.9K<0.1%History
AIGAmerican International Group, Inc.Stock2,400$205.3K<0.1%History
DASHDoorDash, Inc.Stock885$200.4K<0.1%History