Fund Holdings

DENALI ADVISORS LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
HAMILTON INSURANCE GROUP LTD(HG)55,300250,800+195,5001,542,8707,481,3640.83%+5,938,494
GREENBRIER COS INC(GBX)22,200131,941+109,7411,037,6286,946,6940.77%+5,909,066
CHEVRON CORPORATION(CVX)019,056+19,05603,942,6860.44%+3,942,686
WORTHINGTON STL INC(WS)67,700199,415+131,7152,343,7746,052,2450.67%+3,708,471
PRIMORIS SVCS CORP(PRIM)024,460+24,46003,498,7590.39%+3,498,759
PROG HOLDINGS INC(PRG)0110,611+110,61103,173,4300.35%+3,173,430
MERCURY GENL CORP NEW(MCY)4,00038,214+34,214376,2403,368,5640.37%+2,992,324
SAFEHOLD INC(SAFE)91,900309,600+217,7001,258,1114,188,8880.47%+2,930,777
MCGRATH RENTCORP(MGRC)3,30026,500+23,200346,2692,922,4200.32%+2,576,151
TEEKAY TANKERS LTD(TNK)90,172100,690+10,5184,816,9887,382,5910.82%+2,565,603
CABOT CORP(CBT)83,442106,919+23,4775,530,5368,052,0700.89%+2,521,534
WILLIS LEASE FIN CORP(WLFC)33,45240,952+7,5004,537,4296,972,4880.77%+2,435,059
AT&T INC(T)325,649355,170+29,5218,089,11710,296,3691.14%+2,207,252
KOPPERS HOLDINGS INC(KOP)054,965+54,96502,126,0460.24%+2,126,046
NATIONAL HEALTHCARE CORP(NHC)013,100+13,10002,092,0700.23%+2,092,070
TECHNIPFMC PLC(FTI)4,77933,272+28,493212,9522,300,0940.26%+2,087,142
INGLES MKTS INC(IMKTA)97,12296,800-3226,657,7138,701,3520.97%+2,043,639
TITAN AMER SA
COMMON SHARES
0128,175+128,17501,920,0620.21%+1,920,062
INTERNATIONAL SEAWAYS INC(INSW)15,22832,528+17,300739,3192,370,6410.26%+1,631,322
BYLINE BANCORP INC(BY)125,752167,416+41,6643,665,6715,285,3230.59%+1,619,652
NORTHERN OIL & GAS INC(NOG)313,261285,461-27,8006,725,7148,344,0250.93%+1,618,311
FRANKLIN BSP RLTY TR INC0180,800+180,80001,534,9920.17%+1,534,992
DELUXE CORP MEDIUM TERM NTS(DLX)23,90074,100+50,200533,6872,040,7140.23%+1,507,027
ASTRAZENECA PLC(AZN)07,319+7,31901,443,4540.16%+1,443,454
TECNOGLASS INC(TGLS)33,82369,439+35,6161,701,9733,093,5070.34%+1,391,534
S & T BANCORP INC(STBA)127,100151,800+24,7005,001,3856,349,7940.71%+1,348,409
ELI LILLY & CO(LLY)6,7219,292+2,5717,223,0558,546,6240.95%+1,323,569
CATERPILLAR INC(CAT)9,6949,697+35,553,4026,869,9430.76%+1,316,541
FLOWCO HLDGS INC(FLOC)062,933+62,93301,296,4200.14%+1,296,420
AGNICO EAGLE MINES LTD(AEM)39,48739,507+206,703,9937,996,3830.89%+1,292,390
CASEYS GEN STORES INC(CASY)7,0087,010+23,873,3925,102,2990.57%+1,228,907
REX AMERICAN RES CORP(REX)026,861+26,86101,224,0560.14%+1,224,056
COSTCO WHOLESALE CORPORATION(COST)8,6298,619-107,441,2108,588,3290.95%+1,147,119
ALTRIA GROUP INC(MO)114,431117,199+2,7686,598,0817,733,9550.86%+1,135,874
PHILLIPS 66(PSX)1,9007,402+5,502245,1761,348,4960.15%+1,103,320
BUNGE GLOBAL SA(BG)5,21012,131+6,921464,1071,543,0630.17%+1,078,956
WALMART INC(WMT)83,10582,963-1429,258,74910,310,6751.15%+1,051,926
PC CONNECTION INC(CNXN)67,30083,300+16,0003,887,2484,869,7180.54%+982,470
MARATHON PETE CORP(MPC)8,7159,824+1,1091,417,3202,398,8240.27%+981,504
CARDINAL HEALTH INC(CAH)35,65839,216+3,5587,327,7408,286,7710.92%+959,031
ASBURY AUTOMOTIVE GROUP INC21,22230,122+8,9004,934,7525,886,1400.65%+951,388
TEEKAY CORPORATION LTD
SHS
283,213282,931-2822,557,4133,454,5880.38%+897,175
PHIBRO ANIMAL HEALTH CORP(PAHC)015,949+15,9490882,1390.10%+882,139
PATHWARD FINANCIAL INC(CASH)48,37048,37003,434,2704,316,0550.48%+881,785
NATIONAL BEVERAGE CORP(FIZZ)222,762236,519+13,7577,103,8807,958,8640.88%+854,984
EPLUS INC(PLUS)011,200+11,2000842,8000.09%+842,800
SAUL CTRS INC(BFS)48,40071,500+23,1001,526,0522,329,4700.26%+803,418
CENTURY COMMUNITIES INC(CCS)22,30037,018+14,7181,323,5052,124,0930.24%+800,588
SANDRIDGE ENERGY INC405,993407,451+1,4585,858,4796,645,5260.74%+787,047
BLUE OWL TECHNOLOGY FIN CORP108,378188,540+80,1621,575,8162,336,0110.26%+760,195
1ST SOURCE CORP(SRCE)120,600119,600-1,0007,536,2948,277,5160.92%+741,222
OTTER TAIL CORP(OTTR)88,70389,909+1,2067,168,0897,891,3130.88%+723,224
CF INDUSTRIES HOLD(CF)11,02012,122+1,102852,2871,573,9200.17%+721,633
SM ENERGY COMPANY(SM)300,000202,800-97,2005,610,0006,323,3040.70%+713,304
CHARTER COMMUNICATIONS INC(CHTR)2,8095,915+3,106586,3791,276,9300.14%+690,551
TELEFONAKTIEBOLAGET LM ERICS(ERIC)404,263404,240-233,901,1434,555,7890.51%+654,646
TACTILE SYS TECHNOLOGY INC020,616+20,6160538,6960.06%+538,696
BANK OF N T BUTTERFIELD & SO
SHS NEW
152,479154,869+2,3907,596,5048,127,5250.90%+531,021
ALPS ETF TR
ALERIAN MLP
94,64194,394-2474,450,0204,968,9010.55%+518,881
TEXTRON INC(TXT)3,7109,513+5,803323,401832,9580.09%+509,557
ARCHER DANIELS MIDLAND CO11,41815,830+4,412656,4211,150,6830.13%+494,262
INTERNATIONAL BANCSHARES COR(IBOC)111,317117,217+5,9007,395,9017,887,5320.88%+491,631
AMERIPRISE FINL INC(AMP)01,102+1,1020489,7290.05%+489,729
ALLSTATE CORP(ALL)02,311+2,3110479,1630.05%+479,163
ARROW ELECTRS INC7,5039,083+1,580826,6811,302,5930.14%+475,912
CONSENSUS CLOUD SOLUTIONS IN271,065267,184-3,8815,914,6386,342,9480.71%+428,310
RPC INC(RES)251,800251,80001,369,7921,782,7440.20%+412,952
THE CIGNA GROUP(CI)01,500+1,5000400,1250.04%+400,125
PG&E CORP(PCG)20,55341,153+20,600330,287723,0580.08%+392,771
SMITHFIELD FOODS INC(SFD)014,025+14,0250392,2790.04%+392,279
DAVITA INC(DVA)4,2375,641+1,404481,366866,9650.10%+385,599
ARBOR REALTY TRUST INC16,90066,900+50,000131,144515,7990.06%+384,655
SELECT MED HLDGS CORP263,100263,10003,907,0354,285,8990.48%+378,864
APPLIED MATLS INC4,5824,549-331,177,5981,554,8950.17%+377,297
EOG RES INC(EOG)7,5008,000+500787,5751,156,5600.13%+368,985
FLEXTRONICS INTL LTD(FLEX)67,48867,486-24,077,6254,417,6340.49%+340,009
ALAMOS GOLD INC07,500+7,5000332,6110.04%+332,611
ISHARES TR22,56626,053+3,4872,253,8922,586,2810.29%+332,389
ALPHABET INC(GOOG)4,5006,000+1,5001,408,5001,725,3600.19%+316,860
GRAPHIC PACKAGING HLDG CO(GPK)031,399+31,3990312,1060.03%+312,106
APA CORPORATION(APA)07,306+7,3060310,0670.03%+310,067
MARKEL GROUP INC(MKL)602832+2301,294,0891,592,5060.18%+298,417
OFG BANCORP(OFG)07,200+7,2000291,3120.03%+291,312
FEDEX CORP(FDX)0800+8000284,9440.03%+284,944
DEVON ENERGY CORP NEW(DVN)11,39213,692+2,300417,289688,9810.08%+271,692
WASTE MGMT INC DEL(WM)26,75326,726-275,877,8686,141,3470.68%+263,479
CATHAY GEN BANCORP(CATY)158,462159,062+6007,667,9767,930,8310.88%+262,855
DREAM FINDERS HOMES INC(DFH)260,019338,282+78,2634,446,3254,708,8850.52%+262,560
MERCHANTS BANCORP IND(MBIN)237,614194,710-42,9048,093,1338,355,0060.93%+261,873
INGREDION INC(INGR)02,317+2,3170261,0330.03%+261,033
EASTMAN CHEM CO(EMN)03,410+3,4100260,2510.03%+260,251
FIRST MERCHANTS CORP(FRME)205,200205,20007,690,8967,947,3960.88%+256,500
ENI SPA(E)04,502+4,5020254,8590.03%+254,859
GSK PLC(GSK)27,87329,313+1,4401,366,9021,617,7670.18%+250,865
KINROSS GOLD CORP(KGC)128,106126,326-1,7803,607,4653,855,4690.43%+248,004
BROOKFIELD ASSET MANAGMT LTD(BAM)3,98710,100+6,113208,879448,9450.05%+240,066
OSHKOSH CORP(OSK)01,605+1,6050236,2720.03%+236,272
NETFLIX INC.(NFLX)103,032102,927-1059,660,2809,896,4311.10%+236,151
BP PLC(BP)19,39019,325-65673,404908,2610.10%+234,857
GIGACLOUD TECHNOLOGY INC(GCT)38,22438,242+181,501,4391,735,4220.19%+233,983
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