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

Institutional Holders (2016Q3)
Portfolio Summary: 81 Institutional holders with a total value of $112,964,048.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 DIMENSIONAL FUND ADVISORS LP 1,552,263 25,007,000 22.14%
2 BlackRock Institutional Trust Company, N.A. 445,948 7,184,000 6.36%
3 PHILADELPHIA TRUST CO 425,534 6,855,000 6.07%
4 VANGUARD GROUP INC 386,118 6,220,000 5.51%
5 WELLS FARGO & COMPANY/MN 363,062 5,849,000 5.18%
6 HEARTLAND ADVISORS INC 300,000 4,833,000 4.28%
7 KENNEDY CAPITAL MANAGEMENT LLC 292,267 4,708,000 4.17%
8 RENAISSANCE TECHNOLOGIES LLC 272,557 4,391,000 3.89%
9 DEPRINCE RACE & ZOLLO INC 267,862 4,315,000 3.82%
10 BlackRock Fund Advisors 234,804 3,783,000 3.35%
11 LOGAN CAPITAL MANAGEMENT INC 223,703 3,604,000 3.19%
12 STATE STREET CORP 152,202 2,452,000 2.17%
13 OLD REPUBLIC INTERNATIONAL CORP 170,000 2,421,000 2.14%
14 EMERALD ADVISERS, LLC 136,813 2,204,000 1.95%
15 BRIDGEWAY CAPITAL MANAGEMENT, LLC 112,600 1,814,000 1.61%
16 NORTHERN TRUST CORP 108,159 1,742,000 1.54%
17 CWA ASSET MANAGEMENT GROUP, LLC 105,747 1,703,585 1.51%
18 Nationwide Fund Advisors 90,224 1,454,000 1.29%
19 Municipal Employees' Retirement System of Michigan 87,520 1,410,000 1.25%
20 Janney Montgomery Scott LLC 65,727 1,059,000 0.94%
21 Bank of New York Mellon Corp 64,815 1,043,000 0.92%
22 GEODE CAPITAL MANAGEMENT, LLC 56,468 909,000 0.80%
23 MARTINGALE ASSET MANAGEMENT L P 49,616 800,000 0.71%
24 First Eagle Investment Management, LLC 49,463 797,000 0.71%
25 Ancora Advisors LLC 48,737 785,000 0.69%
26 BANK OF AMERICA CORP /DE/ 46,010 742,000 0.66%
27 Ativo Capital Management LLC 46,007 741,000 0.66%
28 DEUTSCHE BANK AG\ 41,964 673,000 0.60%
29 MENTA CAPITAL LLC 41,785 673,000 0.60%
30 ROYAL BANK OF CANADA 41,598 670,000 0.59%
31 Spark Investment Management LLC 40,400 650,000 0.58%
32 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 40,100 646,000 0.57%
33 TIAA CREF INVESTMENT MANAGEMENT LLC 39,057 629,000 0.56%
34 LSV ASSET MANAGEMENT 38,300 617,000 0.55%
35 GOLDMAN SACHS GROUP INC 38,070 613,000 0.54%
36 BlackRock Investment Management, LLC 37,174 599,000 0.53%
37 MILLENNIUM MANAGEMENT LLC 36,669 591,000 0.52%
38 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 34,363 554,000 0.49%
39 BB&T SECURITIES, LLC 30,659 494,000 0.44%
40 MORGAN STANLEY 29,505 475,000 0.42%
41 Minerva Advisors LLC 28,162 454,000 0.40%
42 GSA CAPITAL PARTNERS LLP 27,329 440,000 0.39%
43 WEDBUSH SECURITIES INC 25,742 415,000 0.37%
44 Pacific Ridge Capital Partners, LLC 24,196 390,000 0.35%
45 JPMORGAN CHASE & CO 20,234 326,000 0.29%
46 CHICAGO EQUITY PARTNERS LLC 20,030 323,000 0.29%
47 STRS OHIO 18,700 301,000 0.27%
48 ALLIANCEBERNSTEIN L.P. 18,554 299,000 0.26%
49 Raymond James Financial Services Advisors, Inc. 18,093 291,000 0.26%
50 KEELEY ASSET MANAGEMENT CORP 17,833 287,000 0.25%
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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.