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

DENALI ADVISORS LLC's changes in reported equity positions, Q2 2026
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).