Dark
Light
System
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 (2014Q3)
Original 13F HR (0001142941-14-000013) filed in 2014.10.10
#
Name
Shares
Value ($)
%
Options
Notes
201 DIAMOND OFFSHR DRILLING 111,800 3,831 1.10%
202 LEAR CORP 44,500 3,845 1.11%
203 WAL-MART STORES INC 50,300 3,846 1.11%
204 ANNALY CAP MGMT INC 370,100 3,953 1.14%
205 HUMANA INC 30,400 3,961 1.14%
206 DELTA AIRLINES INC DEL 109,600 3,962 1.14%
207 CIGNA CORPORATION 44,000 3,990 1.15%
208 JPMORGAN CHASE & CO 66,900 4,030 1.16%
209 HCA HEALTHCARE INC 58,400 4,118 1.19%
210 RYDER SYS INC 47,200 4,247 1.22%
211 ASSURANT INC 68,300 4,392 1.27%
212 EVEREST RE GROUP LTD 27,200 4,407 1.27%
213 CHEVRON CORP NEW 37,000 4,415 1.27%
214 STRATEGIC HOTELS & RESORTS I 380,000 4,427 1.28%
215 AMERICAN FINL GROUP INC OHIO 76,900 4,452 1.28%
216 PRINCIPAL FIN GROUP 85,700 4,497 1.30%
217 STARZ SERIES A 136,200 4,505 1.30%
218 Pilgrims Pride Corp 157,700 4,819 1.39%
219 ACTIVISION BLIZZARD INC 264,500 5,499 1.59%
220 WESTLAKE CHEM CORP 64,400 5,576 1.61%
221 SEADRILL LIMITED 220,800 5,909 1.70%
222 INTEGRYS ENERGY GROUP INC 91,600 5,938 1.71%
223 PBF ENERGY INC 248,700 5,969 1.72%
224 ARCH CAP GROUP LTD 111,400 6,096 1.76%
225 PDL BIOPHARMA INC 833,030 6,223 1.79%
226 CNA FINL CORP 164,500 6,256 1.80%
227 CVR ENERGY INC COM 140,600 6,289 1.81%
228 EXXON MOBIL CORP 67,300 6,330 1.83%
229 ARROW ELECTRONICS 121,400 6,719 1.94%
230 AMERCO 27,100 7,097 2.05%
231 FIFTH THIRD BANCORP 367,900 7,365 2.12%
232 JONES LANG LASALLE INC 62,000 7,833 2.26%
233 L-3 Communications Holdings 67,800 8,063 2.32%
234 AVNET INC 211,700 8,786 2.53%
235 PARTNERRE LTD 80,500 8,846 2.55%
236 REINSURANCE GROUP AMER INC 130,300 10,441 3.01%
237 CA INC 407,900 11,397 3.29%
238 TRW AUTOMOTIVE HLDGS CORP 119,600 12,110 3.49%
239 ENTERGY CORP NEW 160,500 12,411 3.58%
Page 5 of 5