DENALI ADVISORS LLC's Q2 2026 13F: 40 new positions, 29 exits
Form 13F-HR for the quarter ended Jun 30, 2026 · filed Aug 10, 2026 · 318 reported positions · accession 0001398344-26-013946
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | ADVANCED MICRO DEVICES INC (AMD) | — | 1.1% | +1.1 pts | +18,468 sh | new |
| Exited | NORTHERN OIL & GAS INC (NOG) | 0.9% | — | −0.9 pts | −285K sh | −100% |
| New | LAM RESEARCH CORP (LRCX) | — | 0.9% | +0.9 pts | +20,139 sh | new |
| New | MICRON TECHNOLOGY INC (MU) | — | 0.7% | +0.7 pts | +6,380 sh | new |
| Increased | APPLIED MATLS INC (AMAT) | 0.2% | 1.1% | +0.9 pts | +10,101 sh | +222% |
| Increased | RILEY EXPLORATION PERMIAN IN (REPX) | 0.1% | 0.8% | +0.7 pts | +214K sh | +1524% |
| Exited | S & T BANCORP INC (STBA) | 0.7% | — | −0.7 pts | −152K sh | −100% |
| Exited | SM ENERGY COMPANY (SM) | 0.7% | — | −0.7 pts | −203K sh | −100% |
| Reduced | 1ST FINL BANCORP (FFBC) | 0.9% | 0.4% | −0.5 pts | −175K sh | −62% |
| New | STONEX GROUP INC (SNEX) | — | 0.6% | +0.6 pts | +47,453 sh | new |
| Exited | ROBINHOOD MKTS INC (HOOD) | 0.5% | — | −0.5 pts | −67,047 sh | −100% |
| Reduced | APPLE INC (AAPL) | 3.3% | 3.0% | −0.4 pts | −17,218 sh | −15% |
| Increased | ALPHABET INC (GOOG) | 2.9% | 3.8% | +0.8 pts | +13,700 sh | +15% |
| New | SONIC AUTOMOTIVE INC (SAH) | — | 0.5% | +0.5 pts | +56,600 sh | new |
| Increased | OFG BANCORP (OFG) | 0.0% | 0.5% | +0.5 pts | +97,100 sh | +1349% |
| Exited | SELECT MED HLDGS CORP (SEM) | 0.5% | — | −0.5 pts | −263K sh | −100% |
| Increased | MERCURY GENL CORP NEW (MCY) | 0.4% | 0.9% | +0.5 pts | +43,321 sh | +113% |
| Reduced | MICROSOFT CORP (MSFT) | 2.9% | 2.2% | −0.7 pts | −12,346 sh | −18% |
| Increased | ELI LILLY & CO (LLY) | 0.9% | 1.6% | +0.6 pts | +3,625 sh | +39% |
| Reduced | HOME DEPOT INC (HD) | 0.6% | 0.2% | −0.4 pts | −11,891 sh | −71% |
| Reduced | INGLES MKTS INC (IMKTA) | 1.0% | 0.4% | −0.5 pts | −46,500 sh | −48% |
| New | MATSON INC (MATX) | — | 0.4% | +0.4 pts | +21,250 sh | new |
| Increased | INTERNATIONAL SEAWAYS INC (INSW) | 0.3% | 0.7% | +0.4 pts | +52,153 sh | +160% |
| New | JOHNSON CONTROLS INTERNATION (JCI) | — | 0.4% | +0.4 pts | +27,000 sh | new |
| Exited | PRIMORIS SVCS CORP (PRIM) | 0.4% | — | −0.4 pts | −24,460 sh | −100% |
| New | UFP INDUSTRIES INC (UFPI) | — | 0.4% | +0.4 pts | +41,878 sh | new |
| Reduced | ALEXANDERS INC (ALX) | 0.6% | 0.3% | −0.3 pts | −13,700 sh | −60% |
| Reduced | RUSH ENTERPRISES INC (RUSHA) | 0.9% | 0.5% | −0.3 pts | −46,126 sh | −39% |
| Reduced | 1ST SOURCE CORP (SRCE) | 0.9% | 0.7% | −0.3 pts | −38,700 sh | −32% |
| Reduced | AMAZON COM INC (AMZN) | 1.9% | 1.7% | −0.2 pts | −12,698 sh | −16% |
| Reduced | SAFE BULKERS INC (SB) | 0.4% | 0.0% | −0.3 pts | −447K sh | −89% |
| Increased | MCGRATH RENTCORP (MGRC) | 0.3% | 0.6% | +0.3 pts | +21,918 sh | +83% |
| Increased | TITAN AMER SA (TTAM) | 0.2% | 0.5% | +0.3 pts | +141K sh | +110% |
| New | URBAN EDGE PPTYS (UE) | — | 0.3% | +0.3 pts | +111K sh | new |
| Reduced | PHOTRONICS INC (PLAB) | 0.6% | 0.2% | −0.4 pts | −76,200 sh | −59% |
| New | AXOS FINANCIAL INC (AX) | — | 0.2% | +0.2 pts | +24,134 sh | new |
| Reduced | SCANSOURCE INC (SCSC) | 0.2% | 0.1% | −0.2 pts | −44,039 sh | −71% |
| Reduced | PALANTIR TECHNOLOGIES INC (PLTR) | 0.9% | 0.4% | −0.5 pts | −19,417 sh | −36% |
| New | PELAGOS INS CAP LTD (FIHL) | — | 0.2% | +0.2 pts | +91,300 sh | new |
| Reduced | PROG HOLDINGS INC (PRG) | 0.4% | 0.3% | −0.1 pts | −47,447 sh | −43% |
| Increased | AMPHASTAR PHARMACEUTICALS IN (AMPH) | 0.6% | 0.8% | +0.2 pts | +110K sh | +41% |
| New | INSIGHT ENTERPRISES INC (NSIT) | — | 0.2% | +0.2 pts | +18,121 sh | new |
| New | EDISON INTL (EIX) | — | 0.2% | +0.2 pts | +28,774 sh | new |
| Increased | NATIONAL HEALTHCARE CORP (NHC) | 0.2% | 0.5% | +0.3 pts | +9,800 sh | +75% |
| New | CONCENTRA GROUP HOLDINGS PAR (CON) | — | 0.2% | +0.2 pts | +68,400 sh | new |
| New | ATLANTICUS HOLDINGS CORP (ATLC) | — | 0.2% | +0.2 pts | +19,871 sh | new |
| Reduced | PLAYTIKA HLDG CORP (PLTK) | 0.4% | 0.3% | −0.1 pts | −543K sh | −38% |
| Exited | GLOBAL INDUSTRIAL COMPANY (GIC) | 0.2% | — | −0.2 pts | −57,600 sh | −100% |
| Increased | KOPPERS HOLDINGS INC (KOP) | 0.2% | 0.4% | +0.2 pts | +41,127 sh | +75% |
| Reduced | CABOT CORP (CBT) | 0.9% | 0.8% | −0.1 pts | −20,212 sh | −19% |
The 50 largest of 308 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 — 21.6% of the equity book
Changes in the top 10 this quarter: LLY entered · CAT entered · AMD entered · WMT left · T left · NFLX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION (NVDA) | 4.2% | 4.4% | |
| 2 | ALPHABET INC (GOOG) | 2.9% | 3.8% | |
| 3 | APPLE INC (AAPL) | 3.3% | 3.0% | |
| 4 | MICROSOFT CORP (MSFT) | 2.9% | 2.2% | |
| 5 | AMAZON COM INC (AMZN) | 1.9% | 1.7% | |
| 6 | ELI LILLY & CO (LLY) | 0.9% | 1.6% | Entered the top 10 |
| 7 | BROADCOM INC (AVGO) | 1.4% | 1.6% | |
| 8 | META PLATFORMS INC (META) | 1.5% | 1.3% | |
| 9 | CATERPILLAR INC (CAT) | 0.8% | 1.2% | Entered the top 10 |
| 10 | ADVANCED MICRO DEVICES INC (AMD) | 0.0% | 1.1% | Entered the top 10 |
| — | WALMART INC (WMT) | 1.1% | 0.9% | Left the top 10 |
| — | AT&T INC (T) | 1.1% | 0.7% | Left the top 10 |
| — | NETFLIX INC. (NFLX) | 1.1% | 0.7% | 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).