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DONEGAL GROUP INC
DONEGAL GROUP INC. Institutional holdings reported to the SEC.

Institutional Holders (2015Q3)
Portfolio Summary: 74 Institutional holders with a total value of $88,345,684.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 DIMENSIONAL FUND ADVISORS LP 1,480,566 20,817,000 23.56%
2 BlackRock Institutional Trust Company, N.A. 411,255 5,782,000 6.54%
3 VANGUARD GROUP INC 386,689 5,437,000 6.15%
4 DEPRINCE RACE & ZOLLO INC 379,842 5,341,000 6.05%
5 WELLS FARGO & COMPANY/MN 375,686 5,282,000 5.98%
6 KENNEDY CAPITAL MANAGEMENT LLC 355,378 4,997,000 5.66%
7 HEARTLAND ADVISORS INC 300,000 4,218,000 4.77%
8 PHILADELPHIA TRUST CO 270,175 3,799,000 4.30%
9 LOGAN CAPITAL MANAGEMENT INC 223,703 3,145,000 3.56%
10 BlackRock Fund Advisors 217,603 3,059,000 3.46%
11 PRICE MICHAEL F 150,000 2,109,000 2.39%
12 STATE STREET CORP 148,514 2,087,000 2.36%
13 RENAISSANCE TECHNOLOGIES LLC 142,100 1,998,000 2.26%
14 EMERALD ADVISERS, LLC 140,913 1,981,000 2.24%
15 NORTHERN TRUST CORP 108,665 1,529,000 1.73%
16 Ancora Advisors LLC 95,049 1,336,000 1.51%
17 BRIDGEWAY CAPITAL MANAGEMENT, LLC 84,000 1,181,000 1.34%
18 Bank of New York Mellon Corp 69,832 981,000 1.11%
19 First Eagle Investment Management, LLC 64,068 901,000 1.02%
20 GEODE CAPITAL MANAGEMENT, LLC 56,042 787,000 0.89%
21 Municipal Employees' Retirement System of Michigan 54,960 773,000 0.87%
22 TIAA CREF INVESTMENT MANAGEMENT LLC 53,836 757,000 0.86%
23 MORGAN STANLEY 48,558 683,000 0.77%
24 MENTA CAPITAL LLC 44,085 620,000 0.70%
25 Janney Montgomery Scott LLC 43,068 606,000 0.69%
26 ROYAL BANK OF CANADA 42,475 598,000 0.68%
27 CHELSEA COUNSEL CO 37,702 530,000 0.60%
28 DEUTSCHE BANK AG\ 37,529 526,000 0.60%
29 BlackRock Investment Management, LLC 33,298 468,000 0.53%
30 STRATTON MANAGEMENT CO 32,169 452,000 0.51%
31 Minerva Advisors LLC 28,162 395,000 0.45%
32 Pacific Ridge Capital Partners, LLC 24,576 346,000 0.39%
33 WEDBUSH SECURITIES INC 24,642 346,000 0.39%
34 GLOBEFLEX CAPITAL L P 24,331 342,000 0.39%
35 FMR LLC 24,000 337,000 0.38%
36 MILLENNIUM MANAGEMENT LLC 20,481 288,000 0.33%
37 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 20,213 285,000 0.32%
38 Spark Investment Management LLC 19,300 270,000 0.31%
39 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 15,457 217,000 0.25%
40 PROSPECTOR PARTNERS LLC 15,000 211,000 0.24%
41 WEIK CAPITAL MANAGEMENT 15,000 211,000 0.24%
42 ALLIANCEBERNSTEIN L.P. 14,854 209,000 0.24%
43 ANALYTIC INVESTORS, LLC 14,687 206,000 0.23%
44 SHUFRO ROSE & CO LLC 12,410 174,000 0.20%
45 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 12,200 172,000 0.19%
46 RHUMBLINE ADVISERS 12,163 171,000 0.19%
47 Swiss National Bank 10,400 146,000 0.17%
48 KEELEY ASSET MANAGEMENT CORP 10,000 141,000 0.16%
49 TEACHERS ADVISORS, LLC 9,725 137,000 0.16%
50 Nationwide Fund Advisors 9,173 129,000 0.15%
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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.