Fund HoldingsDENALI ADVISORS LLC

Total Portfolio Value
$901.03M
Total Bought
$133.93M
Total Sold
$117.54M
Net Transaction
+$16.39M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ALPHABET INC(GOOG)092,281+92,281028,9583.21%+28,958
CABOT CORP(CBT)083,442+83,44205,5310.61%+5,531
M/I HOMES INC(MHO)13,13155,239+42,1081,8977,0680.78%+5,171
CATERPILLAR INC(CAT)09,694+9,69405,5530.62%+5,553
PHOTRONICS INC(PLAB)235,238313,404+78,1665,39910,0291.11%+4,630
WILLIS LEASE FIN CORP(WLFC)3,80033,452+29,6525214,5370.50%+4,016
SELECT MED HLDGS CORP0263,100+263,10003,9070.43%+3,907
ASBURY AUTOMOTIVE GROUP INC8,01421,222+13,2081,9594,9350.55%+2,976
CASEYS GEN STORES INC(CASY)07,008+7,00803,8730.43%+3,873
HERITAGE INSURANCE HLDGS INC085,115+85,11502,4900.28%+2,490
WSFS FINL CORP(WSFS)043,900+43,90002,4250.27%+2,425
WORTHINGTON STL INC(WS)067,700+67,70002,3440.26%+2,344
SANDRIDGE ENERGY INC0405,993+405,99305,8580.65%+5,858
AMPHASTAR PHARMACEUTICALS IN(AMPH)135,000211,765+76,7653,5985,6710.63%+2,073
ELI LILLY & CO(LLY)06,721+6,72107,2230.80%+7,223
APPLE INC(AAPL)0118,352+118,352032,1753.57%+32,175
BROADCOM INC(AVGO)040,740+40,740014,1001.56%+14,100
CARDINAL HEALTH INC(CAH)035,658+35,65807,3280.81%+7,328
TECNOGLASS INC(TGLS)033,823+33,82301,7020.19%+1,702
PREFERRED BK LOS ANGELES CA(PFBC)34,20050,600+16,4003,0914,7780.53%+1,687
TEREX CORP NEW(TEX)031,353+31,35301,6740.19%+1,674
S & T BANCORP INC(STBA)88,700127,100+38,4003,3345,0010.56%+1,667
VALARIS LTD(VAL)032,097+32,09701,6180.18%+1,618
BLUE OWL TECHNOLOGY FIN CORP0108,378+108,37801,5760.17%+1,576
PUBLIC SVC ENTERPRISE GRP IN(PEG)018,920+18,92001,5190.17%+1,519
NORTHERN OIL & GAS INC(NOG)0313,261+313,26106,7260.75%+6,726
PLAYTIKA HLDG CORP(PLTK)772,2141,112,314+340,1003,0044,3940.49%+1,390
SAFEHOLD INC(SAFE)091,900+91,90001,2580.14%+1,258
ELLINGTON FINANCIAL INC(EFC)088,133+88,13301,1970.13%+1,197
NELNET INC(NNI)044,600+44,60005,9300.66%+5,930
BYLINE BANCORP INC(BY)95,041125,752+30,7112,6353,6660.41%+1,030
GIGACLOUD TECHNOLOGY INC(GCT)16,70038,224+21,5244741,5010.17%+1,027
SNAP ON INC(SNA)02,906+2,90601,0010.11%+1,001
CENTRAL GARDEN & PET CO(CENT)030,600+30,60008930.10%+893
PRUDENTIAL FINL INC(PFH)07,912+7,91208930.10%+893
FIRST MERCHANTS CORP(FRME)0205,200+205,20007,6910.85%+7,691
TEEKAY CORPORATION LTD
SHS
204,824283,213+78,3891,6752,5570.28%+882
RENAISSANCERE HLDGS LTD(RNR)03,114+3,11408760.10%+876
HARMONY BIOSCIENCES HLDGS IN(HRMY)102,02897,828-4,2002,8123,6610.41%+849
SALLY BEAUTY HLDGS INC058,455+58,45508340.09%+834
ADEIA INC(ADEA)048,300+48,30008330.09%+833
GREIF INC(GEF)0116,007+116,00707,8540.87%+7,854
AMAZON COM INC(AMZN)081,581+81,581018,8312.09%+18,831
ARROW ELECTRS INC07,503+7,50308270.09%+827
BANK OF NT BUTTERFIELD&SON L
SHS NEW
0152,479+152,47907,5970.84%+7,597
1ST SOURCE CORP(SRCE)0120,600+120,60007,5360.84%+7,536
RUSH ENTERPRISES INC(RUSHA)135,296148,811+13,5157,2348,0270.89%+793
SAUL CTRS INC(BFS)23,44848,400+24,9527471,5260.17%+779
NMI HLDGS INC(NMIH)0197,780+197,78008,0670.90%+8,067
MARRIOTT VACATIONS WORLDWIDE(VAC)012,300+12,30007100.08%+710
APTIV PLC(APTV)3,52712,732+9,2053049690.11%+665
LINCOLN NATL CORP IND(LNC)014,923+14,92306650.07%+665
MARATHON PETE CORP(MPC)08,715+8,71501,4170.16%+1,417
WALMART INC(WMT)083,105+83,10509,2591.03%+9,259
THERMON GROUP HLDGS INC017,157+17,15706380.07%+638
ASTRAZENECA PLC(AZN)013,999+13,99901,2870.14%+1,287
M & T BK CORP(MTB)1,3134,217+2,9042598500.09%+590
CHUBB LIMITED
COM
1,3003,000+1,7003679360.10%+569
ILLINOIS TOOL WKS INC(ITW)02,300+2,30005660.06%+566
TELEFONAKTIEBOLAGET LM ERICS(ERIC)0404,263+404,26303,9010.43%+3,901
VANGUARD MALVERN FDS019,101+19,10109450.10%+945
GSK PLC(GSK)027,873+27,87301,3670.15%+1,367
ATLANTICUS HOLDINGS CORP(ATLC)8,28115,222+6,9414851,0190.11%+534
FIRST FINL BANCORP OH(FFBC)286,500310,200+23,7007,2347,7610.86%+527
DOLE PLC(DOLE)331,200331,500+3004,4514,9690.55%+518
CINCINNATI FINL CORP(CINF)4,9217,924+3,0037781,2940.14%+516
OVINTIV INC(OVV)024,441+24,44109580.11%+958
SYNCHRONY FINANCIAL(SYF)017,847+17,84701,4890.17%+1,489
RELIANCE INC(RS)01,702+1,70204920.05%+492
FARMLAND PARTNERS INC58,500116,113+57,6136361,1250.12%+489
MARKEL GROUP INC(MKL)422602+1808071,2940.14%+487
DELTA AIR LINES INC DEL(DAL)07,014+7,01404870.05%+487
COGNIZANT TECHNOLOGY SOLUTIO(CTSH)015,926+15,92601,3220.15%+1,322
DAVITA INC(DVA)04,237+4,23704810.05%+481
UNIVERSAL HLTH SVCS INC(UHS)02,206+2,20604810.05%+481
MERCHANTS BANCORP IND(MBIN)239,414237,614-1,8007,6138,0930.90%+480
F&G ANNUITIES & LIFE INC(FG)223,161241,661+18,5006,9787,4550.83%+477
CONSOLIDATED EDISON INC(ED)04,606+4,60604570.05%+457
STATE STR CORP(STT)012,831+12,83101,6550.18%+1,655
CONCENTRIX CORP(CNXC)010,343+10,34304300.05%+430
FIRST CTZNS BANCSHARES INC D(FCNCA)0200+20004290.05%+429
TOLL BROTHERS INC(TOL)03,131+3,13104230.05%+423
PRICE T ROWE GROUP INC(TROW)04,119+4,11904220.05%+422
ALLISON TRANSMISSION HLDGS I(ALSN)04,240+4,24004150.05%+415
STEEL DYNAMICS INC(STLD)05,017+5,01708500.09%+850
VANECK ETF TRUST
BDC INCOME ETF
028,158+28,15803990.04%+399
TRICO BANCSHARES(TCBK)16,20023,600+7,4007191,1180.12%+398
UNUM GROUP(UNM)05,120+5,12003970.04%+397
AVNET INC13,21422,454+9,2406911,0800.12%+389
HARTFORD INSURANCE GROUP INC(HIG)02,800+2,80003860.04%+386
ENACT HLDGS INC178,879182,631+3,7526,8587,2390.80%+381
FOX CORP(FOX)014,645+14,64501,0700.12%+1,070
TD SYNNEX CORPORATION(SNX)02,507+2,50703770.04%+377
MERCURY GENL CORP NEW(MCY)04,000+4,00003760.04%+376
NATIONAL BEVERAGE CORP(FIZZ)182,262222,762+40,5006,7297,1040.79%+375
URBAN EDGE PPTYS(UE)018,900+18,90003630.04%+363
VALERO ENERGY CORP(VLO)6,4188,918+2,5001,0931,4520.16%+359
SAFE BULKERS INC955,469953,070-2,3994,2424,5940.51%+352
MCGRATH RENTCORP(MGRC)03,300+3,30003460.04%+346
RYDER SYS INC(R)01,719+1,71903290.04%+329
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