Denali Advisors
SAN DIEGO, CAfiles as DENALI ADVISORS LLC
$993m in 318 US stocks at the end of 30 June 2026. The top 10 are 21.6% of the money. It changed about 18.7% of the portfolio this quarter.
Value
$993m
Stocks
318
Top 10 share
21.6%
Turnover
18.7%
What changed this quarter
New
Bought for the first time this quarter.
- Advanced Micro DevicesAMD1.1% of the fund
- Lam ResearchLRCX0.9% of the fund
- Micron TechnologyMU0.7% of the fund
- StoneX GroupSNEX0.6% of the fund
- Sonic AutomotiveSAH0.5% of the fund
- MatsonMATX0.4% of the fund
- Johnson Controls InternationalJCI0.4% of the fund
- UFP IndustriesUFPI0.4% of the fund
- Urban Edge PropertiesUE0.3% of the fund
- Axos FinancialAX0.2% of the fund
- Pelagos Insurance CapitalPLGO0.2% of the fund
- Insight EnterprisesNSIT0.2% of the fund
- Edison InternationalEIX0.2% of the fund
- Concentra Group Holdings ParentCON0.2% of the fund
- Atlanticus HoldingsATLC0.2% of the fund
- HerbalifeHLF0.2% of the fund
- SkywestSKYW0.2% of the fund
- Ermenegildo ZegnaZGN0.1% of the fund
- ASML Holding NVASML0.1% of the fund
- Shoe Station GroupSHOE0.1% of the fund
- Consolidated EdisonED0.1% of the fund
- GE VernovaGEV<0.1% of the fund
- Universal Insurance HoldingsUVE<0.1% of the fund
- Horton D RDHI<0.1% of the fund
- Eagle MaterialsEXP<0.1% of the fund
Added
Bought more of a stock they already held.
- AlphabetGOOG3.8% of the fund+15%
- Eli LillyLLY1.6% of the fund+39%
- CaterpillarCAT1.2% of the fund+14%
- Applied MaterialsAMAT1.1% of the fund+222%
- M/I HomesMHO1.0% of the fund+4%
- Mercury GeneralMCY0.9% of the fund+113%
- Asbury Automotive GroupABG0.8% of the fund+26%
- Amphastar PharmaceuticalsAMPH0.8% of the fund+41%
- F&G Annuities & LifeFG0.8% of the fund+4%
- Riley Exploration PermianREPX0.8% of the fund+1524%
- PC ConnectionCNXN0.7% of the fund+19%
- Byline BancorpBY0.7% of the fund+11%
- International SeawaysINSW0.7% of the fund+160%
- Caseys General StoresCASY0.6% of the fund+6%
- Mcgrath RentcorpMGRC0.6% of the fund+83%
- OFG BancorpOFG0.5% of the fund+1349%
- Titan America SATTAM0.5% of the fund+110%
- ChevronCVX0.5% of the fund+54%
- National HealthcareNHC0.5% of the fund+75%
- Koppers HoldingsKOP0.4% of the fund+75%
- Harmony Biosciences HoldingsHRMY0.3% of the fund+50%
- TechnipFMCFTI0.3% of the fund+40%
- Central Garden & PETCENTA0.3% of the fund+141%
- Flowco HoldingsFLOC0.3% of the fund+109%
- Ishares TRAGG0.3% of the fund+6%
Cut
Sold some of their stake.
- AppleAAPL3.0% of the fund-15%
- MicrosoftMSFT2.2% of the fund-18%
- Amazon.comAMZN1.7% of the fund-16%
- Meta PlatformsMETA1.3% of the fund-5%
- Enterprise Financial ServicesEFSC0.9% of the fund-4%
- Consensus Cloud SolutionsCCSI0.9% of the fund-14%
- Willis Lease FinanceWLFC0.9% of the fund-6%
- Merchants BancorpMBIN0.9% of the fund-10%
- Green Brick PartnersGRBK0.9% of the fund-5%
- Cathay General BancorpCATY0.9% of the fund-12%
- First MerchantsFRME0.9% of the fund-5%
- Bank of N.T. Butterfield & SonNTB0.8% of the fund-10%
- International BancsharesIBOC0.8% of the fund-7%
- GreifGEF0.8% of the fund-5%
- NMI HoldingsNMIH0.8% of the fund-5%
- Hamilton Insurance GroupHG0.8% of the fund-5%
- Enact HoldingsACT0.8% of the fund-5%
- CabotCBT0.8% of the fund-19%
- Otter TailOTTR0.8% of the fund-5%
- Costco WholesaleCOST0.8% of the fund-7%
- National BeverageFIZZ0.7% of the fund-6%
- 1ST SourceSRCE0.7% of the fund-32%
- Ares CapitalARCC0.7% of the fund-6%
- AT&TT0.7% of the fund-12%
- Worthington SteelWS0.6% of the fund-5%
Sold out
Sold their entire stake.
- Northern Oil & GasNOG-100%
- S&T BancorpSTBA-100%
- SM EnergySM-100%
- Robinhood MarketsHOOD-100%
- Select MED Hldgs-100%
- Primoris ServicesPRIM-100%
- Global IndustrialGIC-100%
- Republic BancorpRBCAA-100%
- Peabody EnergyBTU-100%
- Eastman KodakKODK-100%
- AptivAPTV-100%
- Preferred BK LOS Angeles CAPFBC-100%
- Arch Capital GroupACGL-100%
- StrykerSYK-100%
- FoxFOXA-100%
- Whitestone Reit-100%
- Dell TechnologiesDELL-100%
- Accel EntertainmentACEL-100%
- Unum GroupUNM-100%
- Price T Rowe GroupTROW-100%
- Cirrus LogicCRUS-100%
- Honeywell InternationalHON-100%
- PagSeguro DigitalPAGS-100%
- Perdoceo EducationPRDO-100%
- ENI SPAE-100%
Holdings
- Agnico Eagle MinesAEM
- Share
- 0.6%
- Value
- $6m
- Shares
- 39,121
Held
- Alps ETF TRAMLP
- Share
- 0.5%
- Value
- $5m
- Shares
- 92,633
Held
- Telefonaktiebolaget LM EricsERIC
- Share
- 0.4%
- Value
- $4m
- Shares
- 399,989
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 4.4% | $44m | 219,391 | Held |
| AlphabetGOOG | 3.8% | $37m | 105,988 | +15% |
| AppleAAPL | 3.0% | $29m | 101,322 | -15% |
| MicrosoftMSFT | 2.2% | $21m | 57,369 | -18% |
| Amazon.comAMZN | 1.7% | $16m | 68,888 | -16% |
| Eli LillyLLY | 1.6% | $15m | 12,917 | +39% |
| BroadcomAVGO | 1.6% | $15m | 40,971 | Held |
| Meta PlatformsMETA | 1.3% | $13m | 22,697 | -5% |
| CaterpillarCAT | 1.2% | $12m | 11,035 | +14% |
| Advanced Micro DevicesAMD | 1.1% | $11m | 18,468 | New |
| FlexFLEX | 1.1% | $11m | 66,146 | Held |
| Applied MaterialsAMAT | 1.1% | $11m | 14,650 | +222% |
| M/I HomesMHO | 1.0% | $10m | 61,445 | +4% |
| WalmartWMT | 0.9% | $9m | 83,102 | Held |
| Cardinal HealthCAH | 0.9% | $9m | 39,366 | Held |
| TeslaTSLA | 0.9% | $9m | 22,027 | Held |
| Forestar GroupFOR | 0.9% | $9m | 292,662 | Held |
| Enterprise Financial ServicesEFSC | 0.9% | $9m | 135,100 | -4% |
| Consensus Cloud SolutionsCCSI | 0.9% | $9m | 230,924 | -14% |
| Willis Lease FinanceWLFC | 0.9% | $9m | 38,450 | -6% |
| Merchants BancorpMBIN | 0.9% | $9m | 174,576 | -10% |
| Lam ResearchLRCX | 0.9% | $9m | 20,139 | New |
| Green Brick PartnersGRBK | 0.9% | $9m | 108,874 | -5% |
| Cathay General BancorpCATY | 0.9% | $9m | 140,297 | -12% |
| Mercury GeneralMCY | 0.9% | $9m | 81,535 | +113% |
| First MerchantsFRME | 0.9% | $8m | 194,500 | -5% |
| Altria GroupMO | 0.9% | $8m | 117,440 | Held |
| Bank of N.T. Butterfield & SonNTB | 0.8% | $8m | 139,869 | -10% |
| International BancsharesIBOC | 0.8% | $8m | 108,480 | -7% |
| GreifGEF | 0.8% | $8m | 109,851 | -5% |
| NMI HoldingsNMIH | 0.8% | $8m | 198,100 | -5% |
| Hamilton Insurance GroupHG | 0.8% | $8m | 239,500 | -5% |
| Enact HoldingsACT | 0.8% | $8m | 172,988 | -5% |
| CabotCBT | 0.8% | $8m | 86,707 | -19% |
| Otter TailOTTR | 0.8% | $8m | 85,102 | -5% |
| Asbury Automotive GroupABG | 0.8% | $8m | 37,922 | +26% |
| Amphastar PharmaceuticalsAMPH | 0.8% | $8m | 375,965 | +41% |
| F&G Annuities & LifeFG | 0.8% | $8m | 284,700 | +4% |
| Costco WholesaleCOST | 0.8% | $8m | 8,050 | -7% |
| Riley Exploration PermianREPX | 0.8% | $8m | 228,051 | +1524% |
| NetflixNFLX | 0.7% | $7m | 103,210 | Held |
| Micron TechnologyMU | 0.7% | $7m | 6,380 | New |
| PC ConnectionCNXN | 0.7% | $7m | 99,200 | +19% |
| Palo Alto NetworksPANW | 0.7% | $7m | 21,135 | Held |
| Byline BancorpBY | 0.7% | $7m | 185,516 | +11% |
| National BeverageFIZZ | 0.7% | $7m | 223,100 | -6% |
| 1ST SourceSRCE | 0.7% | $7m | 80,900 | -32% |
| Ares CapitalARCC | 0.7% | $7m | 354,445 | -6% |
| International SeawaysINSW | 0.7% | $6m | 84,681 | +160% |
| AT&TT | 0.7% | $6m | 312,618 | -12% |
| Greenbrier CompaniesGBX | 0.6% | $6m | 131,571 | Held |
| Worthington SteelWS | 0.6% | $6m | 189,582 | -5% |
| Teekay TankersTNK | 0.6% | $6m | 95,481 | -5% |
| VistraVST | 0.6% | $6m | 38,951 | Held |
| Agnico Eagle MinesAEM | 0.6% | $6m | 39,121 | Held |
| Waste ManagementWM | 0.6% | $6m | 26,801 | Held |
| Caseys General StoresCASY | 0.6% | $6m | 7,414 | +6% |
| JPMorgan ChaseJPM | 0.6% | $6m | 17,970 | Held |
| Mcgrath RentcorpMGRC | 0.6% | $6m | 48,418 | +83% |
| Sandridge EnergySD | 0.6% | $6m | 414,700 | Held |
| StoneX GroupSNEX | 0.6% | $6m | 47,453 | New |
| Dream Finders HomesDFH | 0.6% | $6m | 321,182 | -5% |
| NelnetNNI | 0.5% | $5m | 39,800 | -3% |
| Rush EnterprisesRUSHA | 0.5% | $5m | 70,785 | -39% |
| CostamareCMRE | 0.5% | $5m | 368,177 | -6% |
| OracleORCL | 0.5% | $5m | 35,136 | Held |
| OFG BancorpOFG | 0.5% | $5m | 104,300 | +1349% |
| Titan America SATTAM | 0.5% | $5m | 268,860 | +110% |
| Main Street CapitalMAIN | 0.5% | $5m | 95,591 | -6% |
| MastercardMA | 0.5% | $5m | 9,573 | Held |
| SafeholdSAFE | 0.5% | $5m | 309,600 | Held |
| ChevronCVX | 0.5% | $5m | 29,292 | +54% |
| National HealthcareNHC | 0.5% | $5m | 22,900 | +75% |
| Alps ETF TRAMLP | 0.5% | $5m | 92,633 | Held |
| Sonic AutomotiveSAH | 0.5% | $5m | 56,600 | New |
| BuckleBKE | 0.5% | $5m | 112,500 | -4% |
| Blue Owl CapitalOBDC | 0.5% | $5m | 429,166 | -7% |
| Blackstone Secured Lending FundBXSL | 0.5% | $5m | 191,023 | -6% |
| Telefonaktiebolaget LM EricsERIC | 0.4% | $4m | 399,989 | Held |
| Ingles MarketsIMKTA | 0.4% | $4m | 50,300 | -48% |
| Golub Capital BDCGBDC | 0.4% | $4m | 342,960 | -6% |
| Berkshire HathawayBRK-B | 0.4% | $4m | 8,710 | Held |
| Koppers HoldingsKOP | 0.4% | $4m | 96,092 | +75% |
| Pathward FinancialCASH | 0.4% | $4m | 48,370 | Held |
| MatsonMATX | 0.4% | $4m | 21,250 | New |
| Palantir TechnologiesPLTR | 0.4% | $4m | 34,245 | -36% |
| Johnson Controls InternationalJCI | 0.4% | $4m | 27,000 | New |
| UFP IndustriesUFPI | 0.4% | $4m | 41,878 | New |
| First Financial BancorpFFBC | 0.4% | $4m | 105,700 | -62% |
| Ladder CapitalLADR | 0.4% | $4m | 353,900 | -27% |
| Hercules CapitalHTGC | 0.3% | $3m | 210,633 | -6% |
| Playtika HoldingPLTK | 0.3% | $3m | 885,354 | -38% |
| Harmony Biosciences HoldingsHRMY | 0.3% | $3m | 89,600 | +50% |
| AtkoreATKR | 0.3% | $3m | 42,900 | -22% |
| Taiwan Semiconductor ManufacturingTSM | 0.3% | $3m | 6,736 | -5% |
| DoleDOLE | 0.3% | $3m | 231,300 | -30% |
| TechnipFMCFTI | 0.3% | $3m | 46,564 | +40% |
| PROG HoldingsPRG | 0.3% | $3m | 63,164 | -43% |
| Central Garden & PETCENTA | 0.3% | $3m | 73,400 | +141% |
| Flowco HoldingsFLOC | 0.3% | $3m | 131,433 | +109% |
Showing the largest 100 of 318.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 3.4% since 30 June 2025.
Where the money is
Technology21.9%
Financial services18.0%
Industrials10.0%
Retail & consumer9.8%
Media & telecom7.3%
Health care6.1%
Everyday goods5.5%
Materials5.3%
Real estate4.2%
Energy3.1%
Utilities2.0%
Other6.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.