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

Institutional Holders (2017Q2)
Portfolio Summary: 78 Institutional holders with a total value of $128,058,755.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 DIMENSIONAL FUND ADVISORS LP 1,637,594 26,038,000 20.33%
2 BlackRock Finance, Inc. 826,828 13,147,000 10.27%
3 KENNEDY CAPITAL MANAGEMENT LLC 579,157 9,209,000 7.19%
4 PHILADELPHIA TRUST CO 541,423 8,609,000 6.72%
5 VANGUARD GROUP INC 410,697 6,530,000 5.10%
6 WELLS FARGO & COMPANY/MN 403,419 6,414,000 5.01%
7 RENAISSANCE TECHNOLOGIES LLC 374,000 5,947,000 4.64%
8 DEPRINCE RACE & ZOLLO INC 271,606 4,319,000 3.37%
9 OLD REPUBLIC INTERNATIONAL CORP 234,000 3,721,000 2.91%
10 LOGAN CAPITAL MANAGEMENT INC 223,703 3,557,000 2.78%
11 STATE STREET CORP 203,048 3,230,000 2.52%
12 HEARTLAND ADVISORS INC 183,651 2,920,000 2.28%
13 TCW GROUP INC 168,897 2,685,000 2.10%
14 GEODE CAPITAL MANAGEMENT, LLC 168,048 2,671,000 2.09%
15 CWA ASSET MANAGEMENT GROUP, LLC 167,699 2,666,000 2.08%
16 BRIDGEWAY CAPITAL MANAGEMENT, LLC 138,100 2,196,000 1.71%
17 NORTHERN TRUST CORP 135,447 2,154,000 1.68%
18 Bank of New York Mellon Corp 99,346 1,580,000 1.23%
19 Janney Montgomery Scott LLC 99,092 1,576,000 1.23%
20 MILLENNIUM MANAGEMENT LLC 86,475 1,375,000 1.07%
21 MORGAN STANLEY 83,884 1,334,000 1.04%
22 Allianz Asset Management GmbH 66,956 1,041,000 0.81%
23 MARTINGALE ASSET MANAGEMENT L P 62,912 1,001,000 0.78%
24 Ativo Capital Management LLC 54,013 859,000 0.67%
25 DEUTSCHE BANK AG\ 51,855 824,000 0.64%
26 First Eagle Investment Management, LLC 50,703 806,000 0.63%
27 BANK OF AMERICA CORP /DE/ 46,182 734,000 0.57%
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 40,211 640,000 0.50%
29 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 40,215 639,000 0.50%
30 ROYAL BANK OF CANADA 36,762 585,000 0.46%
31 TIAA CREF INVESTMENT MANAGEMENT LLC 35,647 567,000 0.44%
32 MENTA CAPITAL LLC 33,937 540,000 0.42%
33 WEDBUSH SECURITIES INC 33,862 538,000 0.42%
34 Pacific Ridge Capital Partners, LLC 31,326 498,000 0.39%
35 Minerva Advisors LLC 28,162 447,000 0.35%
36 BB&T SECURITIES, LLC 27,659 440,000 0.34%
37 SIT INVESTMENT ASSOCIATES INC 24,200 385,000 0.30%
38 Spark Investment Management LLC 22,100 351,000 0.27%
39 BESSEMER GROUP INC 21,700 345,000 0.27%
40 Invesco Ltd. 21,563 343,000 0.27%
41 NAPLES GLOBAL ADVISORS, LLC 21,300 339,000 0.26%
42 Raymond James Financial Services Advisors, Inc. 21,229 338,000 0.26%
43 Swiss National Bank 20,900 332,000 0.26%
44 ALLIANCEBERNSTEIN L.P. 19,654 312,000 0.24%
45 Ancora Advisors LLC 16,965 269,000 0.21%
46 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 15,653 249,000 0.19%
47 STRS OHIO 15,100 240,000 0.19%
48 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 14,911 237,000 0.19%
49 TEACHERS ADVISORS, LLC 13,833 220,000 0.17%
50 JPMORGAN CHASE & CO 12,310 196,000 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.