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Institutional Investment Manager
DENALI ADVISORS LLC
DENALI ADVISORS LLC (CIK: 0001142941) incorporated in Delaware, located at 5075 Shoreham Place, San Diego, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Original 13F HR (0001142941-14-000007) filed in 2014.04.10
#
Name
Shares
Value ($)
%
Options
Notes
1 AVNET INC 80,800 10,651 3.07%
2 TRW AUTOMOTIVE HLDGS CORP 44,400 10,594 3.06%
3 ARROW ELECTRONICS 54,500 10,198 2.94%
4 BUNGE LIMITED 29,300 8,444 2.44%
5 L-3 Communications Hldgs 20,000 8,093 2.33%
6 HARRIS CORP 40,400 7,879 2.27%
7 DILLARDS INC 23,200 7,355 2.12%
8 REINSURANCE GROUP AMER INC 29,300 7,270 2.10%
9 CNA FINL CORP 57,500 7,027 2.03%
10 JONES LANG LASALLE 19,500 6,790 1.96%
11 GANNETT CO. 85,500 6,721 1.94%
12 EXXON MOBIL CORP 45,300 6,564 1.89%
13 ENTERGY CORP NEW 27,800 6,444 1.86%
14 ARCH CAP GROUP LTD 35,000 6,433 1.86%
15 FIFTH THIRD BANCORP 96,500 6,102 1.76%
16 AMERICAN CAP LTD 88,300 5,566 1.61%
17 DIAMOND OFFSHR DRILLING 24,900 5,451 1.57%
18 AMERICAN FINL GROUP INC OHIO 22,800 5,367 1.55%
19 LEUCADIA NATL CORP 71,000 5,228 1.51%
20 AMERCO 7,900 5,176 1.49%
21 WORLD FUEL SVCS CORP 29,800 5,107 1.47%
22 AUTONATION INC 29,200 4,769 1.38%
23 STARZ SERIES A 44,500 4,532 1.31%
24 CHEVRON CORP NEW 25,000 4,400 1.27%
25 FOOT LOCKER INC 32,400 4,332 1.25%
26 RYDER SYS INC 17,700 4,268 1.23%
27 PRINCIPAL FIN GROUP 21,500 3,941 1.14%
28 JPMORGAN CHASE & CO 43,600 3,910 1.13%
29 SLM CORP 45,900 3,905 1.13%
30 DST SYS INC DEL 11,100 3,858 1.11%
31 EVEREST RE GROUP LTD 8,000 3,780 1.09%
32 CARDINAL HEALTH INC 21,700 3,751 1.08%
33 ANNALY CAP MGMT INC 85,500 3,747 1.08%
34 CIGNA CORPORATION 18,500 3,684 1.06%
35 AXIS CAPITAL HOLDINGS LTD 17,100 3,535 1.02%
36 WESTLAKE CHEM CORP 19,400 3,508 1.01%
37 TYSON FOODS INC 15,400 3,477 1.00%
38 ACTIVISION BLIZZARD INC 64,600 3,411 0.98%
39 HUMANA INC 12,000 3,404 0.98%
40 TIMKEN CO COM 15,700 3,403 0.98%
41 AMERICAN AIRLS GROUP INC 27,500 3,265 0.94%
42 JABIL INC COM 55,200 3,254 0.94%
43 ASSURANT INC 13,200 3,112 0.90%
44 HCA HOLDINGS INC 20,900 3,066 0.88%
45 BOOZ ALLEN HAMILTON HLDG COR 35,700 3,043 0.88%
46 WAL-MART STORES INC 26,500 2,996 0.86%
47 BIO RAD LABS INC 7,300 2,972 0.86%
48 CA INC 42,200 2,965 0.86%
49 DELTA AIRLINES INC DEL 29,900 2,931 0.85%
50 InterDigital Inc 20,400 2,918 0.84%
Page 1 of 6
Restatement filing (0001142941-14-000008) filed in 2014.04.17
#
Name
Shares
Value ($)
%
Options
Notes
1 1st Source Corp 50 2 0.00%
2 ACE LTD 20,200 2,001 0.58%
3 ACTIVISION BLIZZARD INC 166,900 3,411 0.98%
4 ADAMS RES & ENERGY INC 57 3 0.00%
5 ADVANCE AUTO PARTS INC 1,000 127 0.04%
6 AFLAC INC 5,100 322 0.09%
7 AGCO CORP 4,000 221 0.06%
8 AIR TRANSPORT SERVICES GRP I 542 4 0.00%
9 ALASKA AIR GROUP INC 9,600 896 0.26%
10 ALEXANDERS INC 7 3 0.00%
11 ALLIANT ENERGY CORP 25,900 1,471 0.42%
12 ALMOST FAMILY INC COM 27 1 0.00%
13 AMDOCS LTD 2,600 121 0.03%
14 AMERCO 22,300 5,176 1.49%
15 AMERICAN AIRLS GROUP INC 89,200 3,265 0.94%
16 AMERICAN CAP LTD 352,500 5,566 1.61%
17 AMERICAN FINL GROUP INC OHIO 93,000 5,367 1.55%
18 AMERICAN INTL GROUP INC 46,300 2,315 0.67%
19 AMERICAN WTR WKS CO INC NEW 25,700 1,167 0.34%
20 AMERISOURCEBERGEN CORP 15,600 1,023 0.30%
21 AMKOR TECHNOLOGY INC 491 3 0.00%
22 ANNALY CAP MGMT INC 341,600 3,747 1.08%
23 APCO OIL AND GAS INTL INC 100 1 0.00%
24 ARCBEST CORPORATION 4,500 166 0.05%
25 ARCH CAP GROUP LTD 111,800 6,433 1.86%
26 ARROW ELECTRONICS 171,800 10,198 2.94%
27 ASSURANT INC 47,900 3,112 0.90%
28 AUDIOVOX CORP CL A 75 1 0.00%
29 AUTONATION INC 89,600 4,769 1.38%
30 AVIS BUDGET GROUP 43,100 2,099 0.61%
31 AVNET INC 228,900 10,651 3.07%
32 AWARE INC MASS 651 4 0.00%
33 AXIS CAPITAL HOLDINGS LTD 77,100 3,535 1.02%
34 AZENTA INC COM 239 3 0.00%
35 BANCFIRST CORPORATION COM 53 3 0.00%
36 BANK NEW YORK MELLON CORP 44,900 1,585 0.46%
37 BASSETT FURNITURE INDS INC COM 345 5 0.00%
38 BB&T CORP 9,300 374 0.11%
39 BERKLEY W R CORP 10,700 445 0.13%
40 BIO RAD LABS INC 23,200 2,972 0.86%
41 BOK FINANCIAL CORP NEW 9,200 635 0.18%
42 BOOZ ALLEN HAMILTON HLDG COR 138,300 3,043 0.88%
43 BRIDGEPOINT ED INC COM 121 2 0.00%
44 BROWN FORMAN CORP 17,200 1,543 0.45%
45 BRUNSWICK CORP 56,000 2,536 0.73%
46 BUNGE LIMITED 106,200 8,444 2.44%
47 Boise Cascade Corp 100 3 0.00%
48 CA INC 95,700 2,965 0.86%
49 CABOT CORP 17,100 1,010 0.29%
50 CAL MAINE FOODS INC 42 3 0.00%
Page 1 of 6