DENALI ADVISORS LLC

Open in PORT →← all managers

CIK 1142941

13F portfolio (2026-Q1)

$900M

Positions

307

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

307

Top 5

15.3%

Top 10

21.6%

Effective N

98.9

HHI

0.010

This quarter

31 new · 0 exit →

By sector

Information Technology18.4%

Financials18.3%

Consumer Discretionary13.4%

Industrials11.0%

Communication Services7.8%

Unclassified6.9%

Materials5.1%

Energy4.3%

Other14.8%

By market cap

Mega (>$200B)29.7%

Mid ($2–10B)24.2%

Small ($300M–2B)15.9%

Large ($10–200B)15.1%

Unknown14.9%

Micro (<$300M)0.3%

By region

North America91.9%

Other7.0%

Europe0.7%

Asia-Pacific0.4%

Africa0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Banks	11.10%	26
Specialty Retail	7.89%	14
Unclassified	7.49%	37
Semiconductors & Semiconductor Equipment	7.33%	10
Software & IT Services	5.44%	8
Software	5.07%	5
Insurance	4.87%	20
Technology Hardware & Equipment	4.67%	8
Oil, Gas & Consumable Fuels	4.16%	17
Distributors	3.48%	14
Equity Real Estate Investment Trusts (REITs)	3.34%	16
Construction & Engineering	3.21%	9
Pharmaceuticals & Biotechnology	2.88%	11
Metals & Mining	2.66%	11
Marine	2.56%	5
Machinery	2.39%	8
Commercial Services & Supplies	2.31%	8
Utilities	2.10%	6
Media & Entertainment	1.57%	5
Chemicals	1.34%	5
Diversified Telecommunication Services	1.33%	2
Automobiles & Components	1.31%	7
Health Care Providers & Services	1.18%	6
Tobacco	1.12%	2
Food & Staples Retailing	1.02%	2
Capital Markets	0.99%	6
Aerospace & Defense	0.93%	4
Beverages	0.92%	2
Real Estate Management & Development	0.90%	2
Agricultural Products	0.81%	2
Construction Materials	0.56%	2
Communications Equipment	0.55%	2
Paper & Forest Products	0.54%	3
Food Products	0.37%	4
Hotels, Restaurants & Leisure	0.25%	2
Diversified Consumer Services	0.24%	2
Media & Publishing	0.23%	1
Airlines	0.19%	4
Coal & Consumable Fuels	0.17%	1
Health Care Equipment & Supplies	0.16%	3
Household Durables	0.16%	1
Road & Rail	0.15%	2
Entertainment	0.04%	1
Textiles, Apparel & Luxury Goods	0.03%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	NVDA	NVIDIA CORP	Information Technology	4.24%
2	AAPL	Apple Inc.	Information Technology	3.34%
3	GOOG	Alphabet Inc.	Communication Services	2.94%
4	MSFT	MICROSOFT CORP	Information Technology	2.87%
5	AMZN	AMAZON COM INC	Consumer Discretionary	1.89%
6	META	Meta Platforms, Inc.	Communication Services	1.51%
7	AVGO	Broadcom Inc.	Information Technology	1.41%
8	WMT	Walmart Inc.	Consumer Discretionary	1.15%
9	T	AT&T INC.	Communication Services	1.14%
10	NFLX	NETFLIX INC	Communication Services	1.10%

272/307 names classified · sector 93.1% of weight · industry 92.5% · mkt cap 85.1%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 52 quarters

FinancialsWFC, JPM, EG, RGA, BRK.B · other

Consumer DiscretionaryWMT, ARW, LEA, AVT, AMZN · other

IndustrialsUHAL, ETN, DAL, UAL, CNH · other

Information TechnologyNVDA, MSFT, IBM, AAPL, ORCL · other

MaterialsSCCO, LYB, WLK, WOR, GT · other

Consumer StaplesPPC, TSN, BF.B, IMKTA, CALM · other

Health CareINVA, HCA, GILD, SEM, RMD · other

EnergyXOM, PBF, VLO, CVX, CVI · other

Real EstateJLL, NMRK, CBRE, EPR, WPC · other

Communication ServicesVZ, T, GOOG, META, CMCSA · other

UtilitiesPPL, ETR, DTE, NFG, NI · other

UnclassifiedCA INC, TRW AUTOMOTIVE HLDGS CORP, SCANA CORP NEW, Bunge Ltd, CNH INDUSTRIAL NV COM · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 93.1% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (232 classified)DENALI ADVISORS LLC centroid (Mid Core)

Information TechnologyFinancialsConsumer DiscretionaryCommunication ServicesIndustrialsReal EstateEnergyHealth CareMaterialsConsumer StaplesUtilities

Style box summary for DENALI ADVISORS LLC: centroid Mid Core. Heaviest cells: Large Growth 25.9%, Small Core 22.0%, Small Value 10.0%.

Classified: 82.6% of book weight (232/307 names) · unclassified 17.4%: IMKTA, NTB, AEM, GEF, TNK, ARCC, CMRE, MAIN, OBDC, AMLP +65 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 307 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	NVDANVIDIA CORPORATION	218,566	$38M	4.2%	HOLD
2	AAPLAPPLE INC	118,540	$30M	3.3%	HOLD
3	GOOGALPHABET INC	92,288	$26M	2.9%	HOLD
4	MSFTMICROSOFT CORP	69,715	$26M	2.9%	HOLD
5	AMZNAMAZON COM INC	81,586	$17M	1.9%	HOLD
6	METAMETA PLATFORMS INC	23,822	$14M	1.5%	HOLD
7	AVGOBROADCOM INC	40,984	$13M	1.4%	HOLD
8	WMTWALMART INC	82,963	$10M	1.1%	HOLD
9	TAT&T INC	355,170	$10M	1.1%	ADD 9%
10	NFLXNETFLIX INC	102,927	$10M	1.1%	HOLD
11	IMKTAINGLES MKTS INC	96,800	$9M	1.0%	HOLD
12	COSTCOSTCO WHSL CORP NEW	8,619	$9M	1.0%	HOLD
13	LLYELI LILLY & CO	9,292	$9M	0.9%	ADD 38%
14	MBINMERCHANTS BANCORP IND	194,710	$8M	0.9%	TRIM −18%
15	NOGNORTHERN OIL & GAS INC	285,461	$8M	0.9%	TRIM −9%
16	CAHCARDINAL HEALTH INC	39,216	$8M	0.9%	ADD 10%
17	SRCE1ST SOURCE CORP	119,600	$8M	0.9%	HOLD
18	TSLATESLA INC	21,990	$8M	0.9%	HOLD
19	NTBBANK OF NT BUTTERFIELD&SON L	154,869	$8M	0.9%	HOLD
20	CBTCABOT CORP	106,919	$8M	0.9%	ADD 28%
21	AEMAGNICO EAGLE MINES LTD	39,507	$8M	0.9%	HOLD
22	FIZZNATIONAL BEVERAGE CORP	236,519	$8M	0.9%	ADD 6%
23	FRMEFIRST MERCHANTS CORP	205,200	$8M	0.9%	HOLD
24	CATYCATHAY GEN BANCORP	159,062	$8M	0.9%	HOLD
25	OTTROTTER TAIL CORP	89,909	$8M	0.9%	HOLD
26	IBOCINTERNATIONAL BANCSHARES COR	117,217	$8M	0.9%	ADD 5%
27	PLTRPALANTIR TECHNOLOGIES INC	53,662	$8M	0.9%	HOLD
28	FFBCFIRST FINL BANCORP OH	280,700	$8M	0.9%	TRIM −10%
29	NMIHNMI HLDGS INC	208,300	$8M	0.9%	ADD 5%
30	GEFGREIF INC	115,951	$8M	0.9%	HOLD
31	MOALTRIA GROUP INC	117,199	$8M	0.9%	ADD 2%
32	RUSHARUSH ENTERPRISES INC	116,911	$8M	0.9%	TRIM −21%
33	EFSCENTERPRISE FINL SVCS CORP	140,800	$8M	0.8%	HOLD
34	HGHAMILTON INSURANCE GROUP LTD	250,800	$7M	0.8%	ADD 354%
35	ACTENACT HLDGS INC	182,288	$7M	0.8%	HOLD
36	GRBKGREEN BRICK PARTNERS INC	114,674	$7M	0.8%	HOLD
37	TNKTEEKAY TANKERS LTD	100,690	$7M	0.8%	ADD 12%
38	MHOM/I HOMES INC	59,345	$7M	0.8%	ADD 7%
39	FORFORESTAR GROUP INC	293,991	$7M	0.8%	HOLD
40	WLFCWILLIS LEASE FIN CORP	40,952	$7M	0.8%	ADD 22%
41	GBXGREENBRIER COS INC	131,941	$7M	0.8%	ADD 494%
42	FGF&G ANNUITIES & LIFE INC	273,600	$7M	0.8%	ADD 13%
43	CATCATERPILLAR INC	9,697	$7M	0.8%	HOLD
44	ARCCARES CAPITAL CORP	377,611	$7M	0.8%	TRIM −4%
45	SDSANDRIDGE ENERGY INC	407,451	$7M	0.7%	HOLD
46	CMRECOSTAMARE INC	390,777	$7M	0.7%	TRIM −22%
47	STBAS & T BANCORP INC	151,800	$6M	0.7%	ADD 19%
48	CCSICONSENSUS CLOUD SOLUTIONS IN	267,184	$6M	0.7%	HOLD
49	SMSM ENERGY CO	202,800	$6M	0.7%	TRIM −32%
50	WMWASTE MGMT INC DEL	26,726	$6M	0.7%	HOLD
51	WSWORTHINGTON STL INC	199,415	$6M	0.7%	ADD 195%
52	ABGASBURY AUTOMOTIVE GROUP INC	30,122	$6M	0.7%	ADD 42%
53	BKEBUCKLE INC	116,600	$6M	0.7%	ADD 8%
54	VSTVISTRA CORP	38,728	$6M	0.6%	HOLD
55	HDHOME DEPOT INC	16,645	$5M	0.6%	HOLD
56	ALXALEXANDERS INC	22,900	$5M	0.6%	TRIM −23%
57	MAINMAIN STR CAP CORP	101,485	$5M	0.6%	TRIM −5%
58	NNINELNET INC	41,200	$5M	0.6%	TRIM −8%
59	BYBYLINE BANCORP INC	167,416	$5M	0.6%	ADD 33%
60	JPMJPMORGAN CHASE & CO	17,770	$5M	0.6%	ADD 3%
61	AMPHAMPHASTAR PHARMACEUTICALS IN	266,465	$5M	0.6%	ADD 26%
62	PLABPHOTRONICS INC	128,553	$5M	0.6%	TRIM −59%
63	ORCLORACLE CORP	35,071	$5M	0.6%	HOLD
64	CASYCASEYS GEN STORES INC	7,010	$5M	0.6%	HOLD
65	OBDCBLUE OWL CAPITAL CORPORATION	459,746	$5M	0.6%	TRIM −2%
66	AMLPALPS ETF TR	94,394	$5M	0.6%	HOLD
67	CNXNPC CONNECTION INC	83,300	$5M	0.5%	ADD 24%
68	BXSLBLACKSTONE SECD LENDING FD	204,149	$5M	0.5%	TRIM −4%
69	MAMASTERCARD INCORPORATED	9,548	$5M	0.5%	HOLD
70	LADRLADDER CAP CORP	482,200	$5M	0.5%	HOLD
71	DFHDREAM FINDERS HOMES INC	338,282	$5M	0.5%	ADD 30%
72	DOLEDOLE PLC	329,100	$5M	0.5%	HOLD
73	HOODROBINHOOD MKTS INC	67,047	$5M	0.5%	HOLD
74	GBDCGOLUB CAP BDC INC	365,282	$5M	0.5%	HOLD
75	ERICERICSSON	404,240	$5M	0.5%	HOLD
76	FLEXFlextronics Internat'l. Ltd.	67,486	$4M	0.5%	HOLD
77	CASHPATHWARD FINANCIAL INC	48,370	$4M	0.5%	HOLD
78	SEMSELECT MED HLDGS CORP	263,100	$4M	0.5%	HOLD
79	SAFESAFEHOLD INC	309,600	$4M	0.5%	ADD 237%
80	BRK.BBERKSHIRE HATHAWAY INC DEL	8,710	$4M	0.5%	ADD 4%
81	PLTKPLAYTIKA HLDG CORP	1,428,314	$4M	0.4%	ADD 28%
82	CVXCHEVRON CORP NEW	19,056	$4M	0.4%	NEW
83	KGCKINROSS GOLD CORP	126,326	$4M	0.4%	HOLD
84	PRIMPRIMORIS SVCS CORP	24,460	$3M	0.4%	NEW
85	TKTEEKAY CORPORATION LTD	282,931	$3M	0.4%	HOLD
86	PANWPALO ALTO NETWORKS INC	21,054	$3M	0.4%	HOLD
87	MCYMERCURY GENL CORP NEW	38,214	$3M	0.4%	ADD 855%
88	HTGCHERCULES CAPITAL INC	224,350	$3M	0.4%	TRIM −4%
89	ATKRATKORE INC	55,000	$3M	0.4%	HOLD
90	SBSAFE BULKERS INC	504,824	$3M	0.4%	TRIM −47%
91	PRGPROG HOLDINGS INC	110,611	$3M	0.4%	NEW
92	TGLSTECNOGLASS INC	69,439	$3M	0.3%	ADD 105%
93	MGRCMCGRATH RENTCORP	26,500	$3M	0.3%	ADD 703%
94	BLKBLACKROCK INC	2,830	$3M	0.3%	HOLD
95	TSLXSIXTH STREET SPECIALTY LENDI	144,882	$3M	0.3%	ADD 3%
96	CALMCal-Maine Foods, Inc.	32,700	$3M	0.3%	HOLD
97	AGGISHARES TR	26,053	$3M	0.3%	ADD 15%
98	SCCOSOUTHERN COPPER CORP	14,353	$2M	0.3%	TRIM −12%
99	LNGCheniere Energy, Inc	8,518	$2M	0.3%	TRIM −62%
100	TSMTAIWAN SEMICONDUCTOR MFG LTD	7,118	$2M	0.3%	TRIM −3%
101	MPCMARATHON PETE CORP	9,824	$2M	0.3%	ADD 13%
102	SLVMSYLVAMO CORP	56,500	$2M	0.3%	HOLD
103	INSWINTERNATIONAL SEAWAYS INC	32,528	$2M	0.3%	ADD 114%
104	PMPHILIP MORRIS INTL INC	14,263	$2M	0.3%	HOLD
105	SIGASIGA TECHNOLOGIES INC	436,887	$2M	0.3%	ADD 21%
106	OTFBLUE OWL TECHNOLOGY FINANCE	188,540	$2M	0.3%	ADD 74%
107	BFSSAUL CTRS INC	71,500	$2M	0.3%	ADD 48%
108	FTITECHNIPFMC PLC	33,272	$2M	0.3%	ADD 596%
109	SCSCSCANSOURCE INC	61,799	$2M	0.2%	TRIM −44%
110	ARDTARDENT HEALTH INC	249,450	$2M	0.2%	HOLD
111	KOPKOPPERS HOLDINGS INC	54,965	$2M	0.2%	NEW
112	CCSCENTURY CMNTYS INC	37,018	$2M	0.2%	ADD 66%
113	NHCNATIONAL HEALTHCARE CORP	13,100	$2M	0.2%	NEW
114	NVSNOVARTIS AG	13,593	$2M	0.2%	HOLD
115	DLXDELUXE CORP MEDIUM TERM NTS	74,100	$2M	0.2%	ADD 210%
116	VVISA INC	6,697	$2M	0.2%	HOLD
117	MCDMCDONALDS CORP	6,225	$2M	0.2%	HOLD
118	TTAMTITAN AMER SA	128,175	$2M	0.2%	NEW
119	GHCGRAHAM HLDGS CO	1,800	$2M	0.2%	HOLD
120	WELLWELLTOWER INC	9,335	$2M	0.2%	HOLD
121	GICGLOBAL INDUSTRIAL COMPANY	57,600	$2M	0.2%	TRIM −32%
122	HOVHOVNANIAN ENTERPRISES INC	16,111	$2M	0.2%	HOLD
123	RESRPC INC	251,800	$2M	0.2%	HOLD
124	GCTGIGACLOUD TECHNOLOGY INC	38,242	$2M	0.2%	HOLD
125	GOOGLALPHABET INC	6,000	$2M	0.2%	ADD 33%
126	HRMYHARMONY BIOSCIENCES HLDGS IN	59,900	$2M	0.2%	TRIM −39%
127	CSWCCapital Southwest Corp.	75,847	$2M	0.2%	HOLD
128	FSKFS KKR CAP CORP	164,469	$2M	0.2%	TRIM −21%
129	PBIPITNEY BOWES INC	149,840	$2M	0.2%	HOLD
130	VZVERIZON COMMUNICATIONS INC	32,924	$2M	0.2%	TRIM −18%
131	RBCAAREPUBLIC BANCORP INC KY	23,000	$2M	0.2%	TRIM −16%
132	GSKGSK PLC	29,313	$2M	0.2%	ADD 5%
133	STTSTATE STR CORP	12,631	$2M	0.2%	HOLD
134	MKLMARKEL GROUP INC	832	$2M	0.2%	ADD 38%
135	CFCF INDS HLDGS INC	12,122	$2M	0.2%	ADD 10%
136	AMATAPPLIED MATLS INC	4,549	$2M	0.2%	HOLD
137	BGBUNGE GLOBAL SA	12,131	$2M	0.2%	ADD 133%
138	BTUPEABODY ENERGY CORP	46,632	$2M	0.2%	TRIM −26%
139	FBRTFRANKLIN BSP RLTY TR INC	180,800	$2M	0.2%	NEW
140	AMCXAMC NETWORKS INC	219,400	$1M	0.2%	HOLD
141	RLJRLJ LODGING TR	198,900	$1M	0.2%	HOLD
142	SYFSYNCHRONY FINANCIAL	21,649	$1M	0.2%	ADD 21%
143	MCKMCKESSON CORP	1,694	$1M	0.2%	HOLD
144	BWXTBWX TECHNOLOGIES INC	7,089	$1M	0.2%	HOLD
145	AZNASTRAZENECA PLC	7,319	$1M	0.2%	NEW
146	IBEXIBEX LTD	52,629	$1M	0.2%	TRIM −44%
147	MBCMASTERBRAND INC	169,100	$1M	0.2%	HOLD
148	PEGPUBLIC SVC ENTERPRISE GROUP	17,220	$1M	0.2%	TRIM −9%
149	PHMPULTE GROUP INC	11,835	$1M	0.2%	TRIM −2%
150	PSXPHILLIPS 66	7,402	$1M	0.1%	ADD 290%
151	FPIFARMLAND PARTNERS INC	116,100	$1M	0.1%	HOLD
152	ARWArrow Electronics	9,083	$1M	0.1%	ADD 21%
153	OHIOMEGA HEALTHCARE INVS INC	29,681	$1M	0.1%	HOLD
154	FLOCFLOWCO HLDGS INC	62,933	$1M	0.1%	NEW
155	CHTRCHARTER COMMUNICATIONS INC	5,915	$1M	0.1%	ADD 111%
156	CINFCINCINNATI FINL CORP	8,024	$1M	0.1%	HOLD
157	ANETARISTA NETWORKS INC	10,204	$1M	0.1%	HOLD
158	SLRCSLR INVESTMENT CORP	87,187	$1M	0.1%	HOLD
159	TRINTRINITY CAP INC	84,441	$1M	0.1%	TRIM −3%
160	CCAPCRESCENT CAP BDC INC	101,687	$1M	0.1%	HOLD
161	VCLTVANGUARD SCOTTSDALE FDS	16,409	$1M	0.1%	ADD 15%
162	REXREX AMERICAN RES CORP	26,861	$1M	0.1%	NEW
163	NUENUCOR CORP	7,219	$1M	0.1%	ADD 11%
164	VLOVALERO ENERGY CORP	4,804	$1M	0.1%	TRIM −46%
165	KODKEASTMAN KODAK CO	130,599	$1M	0.1%	HOLD
166	EOGEOG RES INC	8,000	$1M	0.1%	ADD 7%
167	AATAMERICAN ASSETS TR INC	62,800	$1M	0.1%	HOLD
168	GLPIGAMING & LEISURE P	26,003	$1M	0.1%	HOLD
169	ADMARCHER DANIELS MIDLAND CO	15,830	$1M	0.1%	ADD 39%
170	PAGPENSKE AUTOMOTIVE GRP INC	7,381	$1M	0.1%	ADD 22%
171	AVTAVNET INC	17,803	$1M	0.1%	TRIM −21%
172	OCSLOAKTREE SPECIALTY LENDING CO	96,350	$1M	0.1%	HOLD
173	SNASNAP ON INC	2,906	$1M	0.1%	HOLD
174	BACBANK AMERICA CORP	21,600	$1M	0.1%	ADD 12%
175	SHELSHELL PLC	10,753	$1M	0.1%	HOLD
176	COPXGLOBAL X FDS	13,066	$997,589	0.1%	HOLD
177	GSBDGOLDMAN SACHS BDC INC	111,684	$991,754	0.1%	HOLD
178	CENTACENTRAL GARDEN & PET CO	30,500	$988,810	0.1%	HOLD
179	VICIVICI PPTYS INC	35,964	$982,536	0.1%	TRIM −29%
180	CBCHUBB LIMITED	3,000	$977,790	0.1%	HOLD
181	APTVAPTIV PLC	14,045	$975,285	0.1%	ADD 10%
182	PGPROCTER AND GAMBLE CO	6,685	$965,581	0.1%	HOLD
183	IRMIRON MTN INC DEL	9,358	$955,826	0.1%	HOLD
184	CMCSACOMCAST CORP NEW	33,100	$950,301	0.1%	TRIM −6%
185	ORLYOREILLY AUTOMOTIVE INC	10,286	$949,500	0.1%	HOLD
186	CTSHCOGNIZANT TECHNOLOGY SOLUTIO	15,221	$933,808	0.1%	TRIM −4%
187	RNRRENAISSANCERE HLDGS LTD	3,119	$927,060	0.1%	HOLD
188	BNBROOKFIELD CORP	22,876	$925,792	0.1%	HOLD
189	AFLAFLAC INC	8,400	$921,564	0.1%	ADD 6%
190	PNCPNC FINL SVCS GROUP INC	4,400	$915,596	0.1%	TRIM −8%
191	BPBP PLC	19,325	$908,261	0.1%	HOLD
192	UTHRUnited Therapeutics Corp.	1,502	$890,656	0.1%	TRIM −12%
193	PAHCPHIBRO ANIMAL HEALTH CORP	15,949	$882,139	0.1%	NEW
194	MTBM & T BK CORP	4,217	$871,738	0.1%	HOLD
195	DVADaVita HealthCare Partners, Inc.	5,641	$866,965	0.1%	ADD 33%
196	HCAHCA HEALTHCARE INC	1,800	$851,832	0.1%	ADD 13%
197	STLDSTEEL DYNAMICS INC	4,717	$849,060	0.1%	TRIM −6%
198	PCARPACCAR INC	7,350	$848,925	0.1%	TRIM −12%
199	HPQHP INC	44,162	$848,352	0.1%	ADD 27%
200	PLUSEPLUS INC	11,200	$842,800	0.1%	NEW

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

NVDANVIDIA CORPORATION

289K

287K

301K

218K

217K

219K

$38M

AAPLAPPLE INC

161K

160K

158K

119K

118K

119K

$30M

GOOGALPHABET INC

117K

116K

106K

77K

92K

$26M

MSFTMICROSOFT CORP

98K

96K

95K

70K

69K

70K

$26M

AMZNAMAZON COM INC

136K

135K

128K

82K

$17M

METAMETA PLATFORMS INC

33K

24K

$14M

AVGOBROADCOM INC

61K

59K

58K

37K

41K

$13M

WMTWALMART INC

105K

83K

$10M

TAT&T INC

355K

379K

401K

326K

355K

$10M

NFLXNETFLIX INC

13K

10K

103K

$10M

IMKTAINGLES MKTS INC

101K

102K

101K

103K

97K

$9M

COSTCOSTCO WHSL CORP NEW

11K

$9M

LLYELI LILLY & CO

14K

13K

$9M

MBINMERCHANTS BANCORP IND

183K

170K

201K

239K

238K

195K

$8M

NOGNORTHERN OIL & GAS INC

73K

161K

202K

215K

313K

285K

$8M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆DENALI ADVISORS LLC

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 307 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Related· where to look next

DENALI ADVISORS LLC