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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 (2015Q4)
Portfolio Summary: 282 holdings with a total value of $447,179,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 CROWN MEDIA HLDGS INC 400 2,000 0.00%
52 CSS INDS INC 62 2,000 0.00%
53 ONEBEACON INSURANCE 187 2,000 0.00%
54 EPLUS INC COM 26 2,000 0.00%
55 1st Source Corp 79 2,000 0.00%
56 WEYCO GROUP INC 63 2,000 0.00%
57 FBL FINL GROUP INC 34 2,000 0.00%
58 TRANS WORLD ENTMT CORP 500 2,000 0.00%
59 SELECT MED HLDGS CORP COM 207 2,000 0.00%
60 CNB FINANCIAL CORP (PA) COM 100 2,000 0.00%
61 FBR AND CO COM NEW 100 2,000 0.00%
62 ACCO BRANDS CORPORATION COM 300 2,000 0.00%
63 AWARE INC MASS 651 2,000 0.00%
64 ARROW FINL CORP 80 2,000 0.00%
65 AUTOBYTEL INC COM NEW 100 2,000 0.00%
66 DONEGAL GROUP INC 135 2,000 0.00%
67 ZAIS FINL CORP 100 2,000 0.00%
68 CHASE CORP COM 57 2,000 0.00%
69 MidWestOne Finl Group Inc NE 72 2,000 0.00%
70 WAYSIDE TECHNOLOGY GROUP INC 100 2,000 0.00%
71 BALDWIN AND LYONS INC CL B 100 2,000 0.00%
72 FABRINET SHS 100 2,000 0.00%
73 Altisource Portfolio Solutions 77 2,000 0.00%
74 UNIVERSAL CORP VA 28 2,000 0.00%
75 EVERBANK FINL CORP COM 100 2,000 0.00%
76 DYNEX CAP INC 239 2,000 0.00%
77 AMERICAN AXLE & MFG HLDGS INC COM 122 2,000 0.00%
78 OMEGA FLEX INC 55 2,000 0.00%
79 GLOBAL SOURCES LTD 313 2,000 0.00%
80 SENECA FOODS CORP NEW CL A 65 2,000 0.00%
81 VSE CORP 26 2,000 0.00%
82 FIRST LONG IS CORP 79 2,000 0.00%
83 SPAN AMER MED SYS INC 100 2,000 0.00%
84 FIRST CMNTY BANKSHARES INC V 119 2,000 0.00%
85 ADAMS RES & ENERGY INC 61 2,000 0.00%
86 Hallador Energy Company 331 2,000 0.00%
87 VECTRUS INC 88 2,000 0.00%
88 HILLTOP HOLDINGS INC 100 2,000 0.00%
89 NATIONAL BANKSHARES INC VA 54 2,000 0.00%
90 NAVIGATORS GROUP INC 22 2,000 0.00%
91 MARINE PRODS CORP 300 2,000 0.00%
92 BREEZE EASTERN CORP 159 3,000 0.00%
93 REPUBLIC BANCORP KY 100 3,000 0.00%
94 UNITED STATIONERS INC 80 3,000 0.00%
95 Southern Missouri Bancorp Inc 109 3,000 0.00%
96 Syntel Inc Com 68 3,000 0.00%
97 SHIP FINANCE INTERNATIONAL L 171 3,000 0.00%
98 TUTOR PERINI CORP 186 3,000 0.00%
99 GGCP Holdings LLC 94 3,000 0.00%
100 Central Pacific Financial Corp 117 3,000 0.00%
Page 2 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001142941-16-000016, filed 2016.01.07).

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.