DENALI ADVISORS LLC

PrivateCIK: 1142941

Location

SAN DIEGO, CA

307

Positions

$899.71M

Total AUM (reported)

21.53M

Total Shares

Allocation by class

COM$643.49M71.5%

CL A$74.42M8.3%

CAP STK CL C$26.47M2.9%

COMMON STOCK$20.25M2.3%

COM NEW$16.07M1.8%

COM CL A$13.30M1.5%

SHS$11.94M1.3%

Portfolio Concentration

Top 3$94.68M10.5%

4–10$99.62M11.1%

11–25$123.18M13.7%

Rest$582.24M64.7%

Top 3 weight

10.5%

Top 10 weight

21.6%

Voting Authority Distribution

Total shares with voting rights: 21.53M

Sole

Full voting authority

5.67M

% of voting shares26.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

15.86M

% of voting shares73.7%

Investment Discretion (by position count)

Sole307

Shared0

Other0

Dominant voting typeNone · 73.7% of voting shares

Institutional Holdings307

Rows:

NVIDIA CORPORATION

SOLE

COM

Shares218.57K

TypeSH

Market value$38.12M

4.24%

Sole

111.59K

Shared

0.00

None

106.98K

APPLE INC

SOLE

COM

Shares118.54K

TypeSH

Market value$30.08M

3.34%

Sole

56.98K

Shared

0.00

None

61.56K

ALPHABET INC

SOLE

CAP STK CL C

Shares92.29K

TypeSH

Market value$26.47M

2.94%

Sole

56.24K

Shared

0.00

None

36.05K

MICROSOFT CORP

SOLE

COM

Shares69.72K

TypeSH

Market value$25.81M

2.87%

Sole

31.70K

Shared

0.00

None

38.01K

AMAZON COM INC

SOLE

COM

Shares81.59K

TypeSH

Market value$16.99M

1.89%

Sole

46.17K

Shared

0.00

None

35.42K

META PLATFORMS INC

SOLE

CL A

Shares23.82K

TypeSH

Market value$13.63M

1.51%

Sole

13.94K

Shared

0.00

None

9.89K

BROADCOM INC

SOLE

COM

Shares40.98K

TypeSH

Market value$12.68M

1.41%

Sole

11.35K

Shared

0.00

None

29.64K

WALMART INC

SOLE

COM

Shares82.96K

TypeSH

Market value$10.31M

1.15%

Sole

54.30K

Shared

0.00

None

28.67K

AT&T INC

SOLE

COM

Shares355.17K

TypeSH

Market value$10.30M

1.14%

Sole

253.04K

Shared

0.00

None

102.13K

NETFLIX INC.

SOLE

COM

Shares102.93K

TypeSH

Market value$9.90M

1.10%

Sole

68.81K

Shared

0.00

None

34.12K

INGLES MKTS INC

SOLE

CL A

Shares96.80K

TypeSH

Market value$8.70M

0.97%

Sole

20.60K

Shared

0.00

None

76.20K

COSTCO WHOLESALE CORPORATION

SOLE

COM

Shares8.62K

TypeSH

Market value$8.59M

0.95%

Sole

5.59K

Shared

0.00

None

3.03K

ELI LILLY & CO

SOLE

COM

Shares9.29K

TypeSH

Market value$8.55M

0.95%

Sole

4.88K

Shared

0.00

None

4.41K

MERCHANTS BANCORP IND

SOLE

COM

Shares194.71K

TypeSH

Market value$8.36M

0.93%

Sole

42.40K

Shared

0.00

None

152.31K

NORTHERN OIL & GAS INC

SOLE

COM

Shares285.46K

TypeSH

Market value$8.34M

0.93%

Sole

59.10K

Shared

0.00

None

226.36K

CARDINAL HEALTH INC

SOLE

COM

Shares39.22K

TypeSH

Market value$8.29M

0.92%

Sole

33.24K

Shared

0.00

None

5.98K

1ST SOURCE CORP

SOLE

COM

Shares119.60K

TypeSH

Market value$8.28M

0.92%

Sole

26.30K

Shared

0.00

None

93.30K

TESLA INC

SOLE

COM

Shares21.99K

TypeSH

Market value$8.17M

0.91%

Sole

10.74K

Shared

0.00

None

11.25K

BANK OF N T BUTTERFIELD & SO

SOLE

SHS NEW

Shares154.87K

TypeSH

Market value$8.13M

0.90%

Sole

32.60K

Shared

0.00

None

122.27K

CABOT CORP

SOLE

COM

Shares106.92K

TypeSH

Market value$8.05M

0.89%

Sole

22.20K

Shared

0.00

None

84.72K

AGNICO EAGLE MINES LTD

SOLE

COM

Shares39.51K

TypeSH

Market value$8.00M

0.89%

Sole

35.59K

Shared

0.00

None

3.92K

NATIONAL BEVERAGE CORP

SOLE

COM

Shares236.52K

TypeSH

Market value$7.96M

0.88%

Sole

51K

Shared

0.00

None

185.52K

FIRST MERCHANTS CORP

SOLE

COM

Shares205.20K

TypeSH

Market value$7.95M

0.88%

Sole

44.40K

Shared

0.00

None

160.80K

CATHAY GEN BANCORP

SOLE

COM

Shares159.06K

TypeSH

Market value$7.93M

0.88%

Sole

35.70K

Shared

0.00

None

123.36K

OTTER TAIL CORP

SOLE

COM

Shares89.91K

TypeSH

Market value$7.89M

0.88%

Sole

18.30K

Shared

0.00

None

71.61K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NVIDIA CORPORATIONSOLE	COM	218.57K	SH	$38.12M 4.24%	111.59K	106.98K
APPLE INCSOLE	COM	118.54K	SH	$30.08M 3.34%	56.98K	61.56K
ALPHABET INCSOLE	CAP STK CL C	92.29K	SH	$26.47M 2.94%	56.24K	36.05K
MICROSOFT CORPSOLE	COM	69.72K	SH	$25.81M 2.87%	31.70K	38.01K
AMAZON COM INCSOLE	COM	81.59K	SH	$16.99M 1.89%	46.17K	35.42K
META PLATFORMS INCSOLE	CL A	23.82K	SH	$13.63M 1.51%	13.94K	9.89K
BROADCOM INCSOLE	COM	40.98K	SH	$12.68M 1.41%	11.35K	29.64K
WALMART INCSOLE	COM	82.96K	SH	$10.31M 1.15%	54.30K	28.67K
AT&T INCSOLE	COM	355.17K	SH	$10.30M 1.14%	253.04K	102.13K
NETFLIX INC.SOLE	COM	102.93K	SH	$9.90M 1.10%	68.81K	34.12K
INGLES MKTS INCSOLE	CL A	96.80K	SH	$8.70M 0.97%	20.60K	76.20K
COSTCO WHOLESALE CORPORATIONSOLE	COM	8.62K	SH	$8.59M 0.95%	5.59K	3.03K
ELI LILLY & COSOLE	COM	9.29K	SH	$8.55M 0.95%	4.88K	4.41K
MERCHANTS BANCORP INDSOLE	COM	194.71K	SH	$8.36M 0.93%	42.40K	152.31K
NORTHERN OIL & GAS INCSOLE	COM	285.46K	SH	$8.34M 0.93%	59.10K	226.36K
CARDINAL HEALTH INCSOLE	COM	39.22K	SH	$8.29M 0.92%	33.24K	5.98K
1ST SOURCE CORPSOLE	COM	119.60K	SH	$8.28M 0.92%	26.30K	93.30K
TESLA INCSOLE	COM	21.99K	SH	$8.17M 0.91%	10.74K	11.25K
BANK OF N T BUTTERFIELD & SOSOLE	SHS NEW	154.87K	SH	$8.13M 0.90%	32.60K	122.27K
CABOT CORPSOLE	COM	106.92K	SH	$8.05M 0.89%	22.20K	84.72K
AGNICO EAGLE MINES LTDSOLE	COM	39.51K	SH	$8.00M 0.89%	35.59K	3.92K
NATIONAL BEVERAGE CORPSOLE	COM	236.52K	SH	$7.96M 0.88%	51K	185.52K
FIRST MERCHANTS CORPSOLE	COM	205.20K	SH	$7.95M 0.88%	44.40K	160.80K
CATHAY GEN BANCORPSOLE	COM	159.06K	SH	$7.93M 0.88%	35.70K	123.36K
OTTER TAIL CORPSOLE	COM	89.91K	SH	$7.89M 0.88%	18.30K	71.61K

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