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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 (2016Q1)
Portfolio Summary: 283 holdings with a total value of $457,263,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 PARK NATL CORP COM 40 4,000 0.00%
152 UNIVERSAL LOGISTICS HLDGS IN 217 4,000 0.00%
153 HAWAIIAN TELCOM HOLDCO INC COM 188 4,000 0.00%
154 NELNET INC 78 3,000 0.00%
155 Southern Missouri Bancorp Inc 109 3,000 0.00%
156 First Financial Corp 100 3,000 0.00%
157 TELETECH HOLDINGS INCORPORATED 114 3,000 0.00%
158 AMERICAN PUB ED INC COM 133 3,000 0.00%
159 INDEPENDENCE HLDG CO NEW 160 3,000 0.00%
160 MGE ENERGY INC 55 3,000 0.00%
161 SANMINA CORPORATION COM 147 3,000 0.00%
162 Crawford & Co 500 3,000 0.00%
163 INTERNATIONAL BANCSHARES COR 116 3,000 0.00%
164 CENTRAL PAC FINL CORP COM NEW 117 3,000 0.00%
165 1st Source Corp 79 3,000 0.00%
166 BANCFIRST CORPORATION COM 53 3,000 0.00%
167 REPUBLIC BANCORP KY 100 3,000 0.00%
168 MARLIN BUSINESS SVCS CORP 206 3,000 0.00%
169 ARROW FINL CORP 120 3,000 0.00%
170 SAUL CENTERS INC 55 3,000 0.00%
171 ALEXANDERS INC 7 3,000 0.00%
172 PHI NON VTNG 166 3,000 0.00%
173 TESSCO TECHNOLOGIES INC COM 200 3,000 0.00%
174 NATIONAL HEALTHCARE CORP COM 44 3,000 0.00%
175 FIRST INTST BANCSYSTEM INC 111 3,000 0.00%
176 GLOBAL SOURCES LTD 313 3,000 0.00%
177 BUCKLE INC 91 3,000 0.00%
178 GLATFELTER 156 3,000 0.00%
179 NATIONAL BEVERAGE CORP COM 69 3,000 0.00%
180 Enterprise Bancorp Inc Mass 100 3,000 0.00%
181 TRC COS INC 401 3,000 0.00%
182 Syntel Inc Com 68 3,000 0.00%
183 BANCO LATINOAMERICANO DE COMER 107 3,000 0.00%
184 GGCP Holdings LLC 94 3,000 0.00%
185 CAMDEN NATL CORP 80 3,000 0.00%
186 PULASKI FINL CORP COM 162 3,000 0.00%
187 WESTERN REFNG INC 88 3,000 0.00%
188 TUTOR PERINI CORP 186 3,000 0.00%
189 FIRST CTZNS BANCSHARES INC N 12 3,000 0.00%
190 ONEBEACON INSURANCE 187 2,000 0.00%
191 ENTERCOM COMMUNICATIONS CORP 200 2,000 0.00%
192 CONSUMER PORTFOLIO SVCS INC COM 550 2,000 0.00%
193 PARK OHIO HLDGS CORP COM 48 2,000 0.00%
194 CITIZENS NORTHN CORP 100 2,000 0.00%
195 BCB BANCORP INC 171 2,000 0.00%
196 ENSTAR GROUP LIMITED COM 10 2,000 0.00%
197 SHIP FINANCE INTERNATIONAL L 119 2,000 0.00%
198 SAPIENS INTL CORP N V SHS NEW 171 2,000 0.00%
199 FBL FINL GROUP INC 34 2,000 0.00%
200 EL PASO ELECTRIC CO NEW 35 2,000 0.00%
Page 4 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001142941-16-000019, filed 2016.04.11).

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.