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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 (2015Q2)
Portfolio Summary: 288 holdings with a total value of $459,701,000.
#
Name
Shares
Value ($)
%
Options
Notes
201 ALEXANDERS INC 7 3,000 0.00%
202 ONEBEACON INSURANCE 187 3,000 0.00%
203 ONE LIBERTY PPTYS INC COM 135 3,000 0.00%
204 BANCFIRST CORPORATION COM 53 3,000 0.00%
205 TESSCO TECHNOLOGIES INC COM 174 3,000 0.00%
206 West Corp 96 3,000 0.00%
207 TEXTAINER GROUP HOLDINGS LTD 100 3,000 0.00%
208 INTERNATIONAL BANCSHARES COR 116 3,000 0.00%
209 BUCKLE INC 69 3,000 0.00%
210 SAUL CENTERS INC 55 3,000 0.00%
211 CNB FINANCIAL CORP (PA) COM 100 2,000 0.00%
212 Southern Missouri Bancorp Inc 109 2,000 0.00%
213 SAGA COMMUNICATIONS INC CL A NEW 52 2,000 0.00%
214 ENSTAR GROUP LIMITED COM 10 2,000 0.00%
215 WEYCO GROUP INC 63 2,000 0.00%
216 DYNEX CAP INC 239 2,000 0.00%
217 WILSHIRE BANCORP INC 163 2,000 0.00%
218 EVERBANK FINL CORP COM 100 2,000 0.00%
219 MUELLER INDS INC COM 46 2,000 0.00%
220 SPARTON CORP 73 2,000 0.00%
221 Sanmina Sci Corporation 100 2,000 0.00%
222 INDEPENDENCE HLDG CO NEW 160 2,000 0.00%
223 FINANCIAL INSTNS INC 100 2,000 0.00%
224 MONARCH FINANCIAL HOLDINGS I 140 2,000 0.00%
225 CROWN MEDIA HLDGS INC 400 2,000 0.00%
226 PDL BIOPHARMA INC 330 2,000 0.00%
227 LexisNexis Risk Assets Inc 27 2,000 0.00%
228 AMCON DISTRG CO 25 2,000 0.00%
229 BALDWIN AND LYONS INC CL B 100 2,000 0.00%
230 S L INDS INC 50 2,000 0.00%
231 BEL FUSE INC CL B 100 2,000 0.00%
232 NATIONAL WESTN LIFE INS CO 10 2,000 0.00%
233 FRESH DEL MONTE PRODUCE INC COM 42 2,000 0.00%
234 SHILOH INDS INC 160 2,000 0.00%
235 Enterprise Finl Svcs Corp 100 2,000 0.00%
236 STEPAN CO 29 2,000 0.00%
237 QCR HOLDINGS INC 100 2,000 0.00%
238 INSIGHT ENTERPRISES INC 76 2,000 0.00%
239 CITIZENS NORTHN CORP 100 2,000 0.00%
240 WEIS MKTS INC 55 2,000 0.00%
241 EPLUS INC COM 26 2,000 0.00%
242 FABRINET SHS 100 2,000 0.00%
243 Exactech Inc 100 2,000 0.00%
244 CAMDEN NATL CORP 53 2,000 0.00%
245 PCM INC 200 2,000 0.00%
246 NATIONAL BEVERAGE CORP COM 109 2,000 0.00%
247 MGE ENERGY INC 55 2,000 0.00%
248 CSS INDS INC 62 2,000 0.00%
249 QUAD/GRAPHICS INC 100 2,000 0.00%
250 AUTOBYTEL INC COM NEW 100 2,000 0.00%
Page 5 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001142941-15-000014, filed 2015.07.09).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.