DENALI ADVISORS LLC's Q2 2024 13F: 29 new positions, 304 exits
Form 13F-HR for the quarter ended Jun 30, 2024 · filed Aug 9, 2024 · 175 reported positions · accession 0001398344-24-014246
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | CNO FINL GROUP INC (CNO) | 0.2% | 1.8% | +1.5 pts | +203K sh | +725% |
| Reduced | GULFPORT ENERGY CORP (GPOR) | 1.7% | 0.1% | −1.6 pts | −34,000 sh | −96% |
| Reduced | BREAD FINANCIAL HOLDINGS INC (BFH) | 1.3% | 0.2% | −1.1 pts | −102K sh | −88% |
| Reduced | HEARTLAND FINL USA INC (HTLF) | 1.4% | 0.8% | −0.7 pts | −77,796 sh | −56% |
| New | WSFS FINL CORP (WSFS) | — | 0.9% | +0.9 pts | +73,100 sh | new |
| Increased | SIMMONS 1ST NATL CORP (SFNC) | 1.1% | 1.8% | +0.8 pts | +192K sh | +105% |
| Exited | Sandy Spring Bancorp Inc. (SASR) | 0.9% | — | −0.9 pts | −134K sh | −100% |
| Increased | CVR ENERGY INC (CVI) | 0.4% | 1.2% | +0.8 pts | +122K sh | +324% |
| Exited | Enstar Group Limited (ESGR) | 0.8% | — | −0.8 pts | −9,200 sh | −100% |
| New | HANCOCK WHITNEY CORPORATION (HWC) | — | 0.8% | +0.8 pts | +63,500 sh | new |
| Increased | STONEX GROUP INC (SNEX) | 0.0% | 0.9% | +0.8 pts | +39,169 sh | +1680% |
| New | ALPHA METALLURGICAL RESOUR I (AMR) | — | 0.7% | +0.7 pts | +9,202 sh | new |
| Increased | PENNYMAC FINL SVCS INC NEW (PFSI) | 1.1% | 1.8% | +0.6 pts | +26,200 sh | +63% |
| Increased | MOVADO GROUP INC (MOV) | 0.8% | 1.3% | +0.5 pts | +97,400 sh | +101% |
| Increased | SILVERBOW RES INC (SBOW) | 0.4% | 1.1% | +0.7 pts | +63,000 sh | +155% |
| Increased | BLUELINX HLDGS INC (BXC) | 1.7% | 1.7% | 0.0 pts | +23,392 sh | +54% |
| Exited | Shoe Carnival, Inc. (SCVL) | 0.6% | — | −0.6 pts | −55,100 sh | −100% |
| Increased | CENTURY CMNTYS INC (CCS) | 1.6% | 1.8% | +0.3 pts | +26,342 sh | +47% |
| New | ATLAS ENERGY SOLUTIONS INC (AESI) | — | 0.6% | +0.6 pts | +108K sh | new |
| Increased | FLEX LNG LTD (FLNG) | 0.6% | 1.2% | +0.6 pts | +77,800 sh | +97% |
| Reduced | NAVIENT CORPORATION (NAVI) | 1.4% | 0.6% | −0.9 pts | −142K sh | −50% |
| Increased | HIGHPEAK ENERGY INC (HPK) | 0.8% | 1.2% | +0.4 pts | +142K sh | +80% |
| Increased | FIRST FINL BANCORP OH (FFBC) | 1.4% | 1.8% | +0.4 pts | +88,100 sh | +41% |
| Increased | MERCHANTS BANCORP IND (MBIN) | 1.0% | 1.4% | +0.4 pts | +47,911 sh | +59% |
| Increased | FIRST MERCHANTS CORP (FRME) | 1.5% | 1.9% | +0.4 pts | +57,800 sh | +39% |
| Increased | NEWMARK GROUP INC (NMRK) | 1.5% | 1.8% | +0.3 pts | +184K sh | +39% |
| Increased | RUSH ENTERPRISES INC (RUSHA) | 1.6% | 1.7% | +0.1 pts | +44,700 sh | +43% |
| Increased | INNOVIVA INC (INVA) | 1.5% | 2.0% | +0.5 pts | +114K sh | +35% |
| Reduced | AMKOR TECHNOLOGY INC (AMKR) | 0.7% | 0.3% | −0.4 pts | −46,300 sh | −61% |
| Increased | SAFE BULKERS INC (SB) | 0.1% | 0.7% | +0.5 pts | +318K sh | +317% |
| Increased | INGLES MKTS INC (IMKTA) | 1.5% | 1.7% | +0.3 pts | +26,607 sh | +41% |
| New | SIGA TECHNOLOGIES INC (SIGA) | — | 0.5% | +0.5 pts | +239K sh | new |
| Increased | 1ST SOURCE CORP (SRCE) | 1.1% | 1.5% | +0.4 pts | +33,600 sh | +47% |
| Reduced | VICTORY CAP HLDGS INC (VCTR) | 1.6% | 1.2% | −0.4 pts | −37,210 sh | −28% |
| Increased | TITAN INTL INC ILL (TWI) | 0.1% | 0.6% | +0.4 pts | +236K sh | +582% |
| Increased | GREIF INC (GEF) | 1.6% | 1.7% | +0.1 pts | +28,200 sh | +36% |
| Increased | NELNET INC (NNI) | 1.4% | 1.8% | +0.4 pts | +16,000 sh | +33% |
| Increased | ENACT HLDGS INC (ACT) | 1.6% | 1.9% | +0.3 pts | +52,100 sh | +30% |
| Increased | BUCKLE INC (BKE) | 1.4% | 1.6% | +0.2 pts | +42,578 sh | +37% |
| New | GREEN BRICK PARTNERS INC (GRBK) | — | 0.4% | +0.4 pts | +27,400 sh | new |
| Increased | NATIONAL BEVERAGE CORP (FIZZ) | 1.2% | 1.6% | +0.4 pts | +30,500 sh | +36% |
| Increased | SANDRIDGE ENERGY INC (SD) | 0.7% | 1.0% | +0.3 pts | +120K sh | +69% |
| Increased | HOVNANIAN ENTERPRISES INC (HOV) | 0.5% | 0.8% | +0.3 pts | +10,600 sh | +97% |
| Increased | VITAL ENERGY INC (VTLE) | 0.1% | 0.5% | +0.4 pts | +33,227 sh | +527% |
| Increased | ALEXANDERS INC (ALX) | 0.8% | 1.2% | +0.4 pts | +6,600 sh | +51% |
| Increased | WORTHINGTON ENTERPRISES INC (WOR) | 1.5% | 1.4% | 0.0 pts | +30,779 sh | +38% |
| Increased | TARGET HOSPITALITY CORP (TH) | 0.1% | 0.4% | +0.4 pts | +166K sh | +856% |
| New | HILLTOP HOLDINGS INC (HTH) | — | 0.4% | +0.4 pts | +45,000 sh | new |
| Increased | DILLARDS INC (DDS) | 1.4% | 1.6% | +0.2 pts | +3,089 sh | +31% |
| Increased | PBF ENERGY INC (PBF) | 1.4% | 1.3% | 0.0 pts | +27,200 sh | +34% |
The 50 largest of 472 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 18.7% of the equity book
Changes in the top 10 this quarter: INVA entered · CMRE entered · FRME entered · FFBC entered · NMRK entered · SFNC entered · NNI entered · GPOR left · BXC left · VCTR left · RUSHA left · GEF left · RYZ left · FOR left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | INNOVIVA INC (INVA) | 1.5% | 2.0% | Entered the top 10 |
| 2 | COSTAMARE INC (CMRE) | 1.5% | 1.9% | Entered the top 10 |
| 3 | ENACT HLDGS INC (ACT) | 1.6% | 1.9% | |
| 4 | JACKSON FINANCIAL INC (JXN) | 1.8% | 1.9% | |
| 5 | FIRST MERCHANTS CORP (FRME) | 1.5% | 1.9% | Entered the top 10 |
| 6 | FIRST FINL BANCORP OH (FFBC) | 1.4% | 1.8% | Entered the top 10 |
| 7 | CENTURY CMNTYS INC (CCS) | 1.6% | 1.8% | |
| 8 | NEWMARK GROUP INC (NMRK) | 1.5% | 1.8% | Entered the top 10 |
| 9 | SIMMONS 1ST NATL CORP (SFNC) | 1.1% | 1.8% | Entered the top 10 |
| 10 | NELNET INC (NNI) | 1.4% | 1.8% | Entered the top 10 |
| — | GULFPORT ENERGY CORP (GPOR) | 1.7% | 0.1% | Left the top 10 |
| — | BLUELINX HLDGS INC (BXC) | 1.7% | 1.7% | Left the top 10 |
| — | VICTORY CAP HLDGS INC (VCTR) | 1.6% | 1.2% | Left the top 10 |
| — | RUSH ENTERPRISES INC (RUSHA) | 1.6% | 1.7% | Left the top 10 |
| — | GREIF INC (GEF) | 1.6% | 1.7% | Left the top 10 |
| — | RYERSON HLDG CORP (RYZ) | 1.6% | 1.1% | Left the top 10 |
| — | FORESTAR GROUP INC (FOR) | 1.6% | 1.2% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).