0001941040-24-000027.txt : 20240119 0001941040-24-000027.hdr.sgml : 20240119 20240119164839 ACCESSION NUMBER: 0001941040-24-000027 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240119 DATE AS OF CHANGE: 20240119 EFFECTIVENESS DATE: 20240119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DENALI ADVISORS LLC CENTRAL INDEX KEY: 0001142941 ORGANIZATION NAME: IRS NUMBER: 330957285 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10130 FILM NUMBER: 24546217 BUSINESS ADDRESS: STREET 1: 5075 SHOREHAM PLACE STREET 2: SUITE 120 CITY: SAN DIEGO STATE: CA ZIP: 92122 BUSINESS PHONE: 858-558-3600 MAIL ADDRESS: STREET 1: 5075 SHOREHAM PLACE STREET 2: SUITE 120 CITY: SAN DIEGO STATE: CA ZIP: 92122 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001142941 XXXXXXXX 12-31-2023 12-31-2023 false DENALI ADVISORS LLC

5075 Shoreham Place Suite 120 San Diego CA 92122

13F COMBINATION REPORT 028-10130 000110242 801-60039 0001390777 028-12592 Bank of New York Mellon Corp N Stephanie Neruda 858-558-3600 Stephanie Neruda San Diego CA 01-19-2024 0 451 327335361 INFORMATION TABLE 2 infotable.xml 1st Source Corporation COM 336901103 3000270 54600 SH SOLE 13400 0 41200 AFLAC INC COM COM 001055102 811883 9841 SH SOLE 9841 0 0 AG Mortgage Investment Tr COM 001228501 93980 14800 SH SOLE 0 0 14800 AMC Networks Inc. cl A COM 00164V103 4213827 224259 SH SOLE 58059 0 166200 AMN Healthcare Services COM 001744101 3819 51 SH SOLE 51 0 0 API Group Corp COM 00187Y100 3702 107 SH SOLE 107 0 0 ARS Pharmaceutical COM 82835W108 479500 87500 SH SOLE 0 0 87500 Academy Sports and Outdoors COM 00402L107 2706 41 SH SOLE 41 0 0 Acco Brands Corporation COM 00081T108 156256 25700 SH SOLE 0 0 25700 AdaptHealth Corp COM 00653Q102 2347 322 SH SOLE 322 0 0 Advanced Energy Industries COM 007973100 3050 28 SH SOLE 28 0 0 Affiliated Managers Group COM 008252108 7268 48 SH SOLE 48 0 0 Agco Corporation COM 001084102 37516 309 SH SOLE 309 0 0 Albertsons Companies COM 013091103 138 6 SH SOLE 6 0 0 Alexanders Inc. COM 014752109 2306556 10800 SH SOLE 1700 0 9100 Alignment Healthcare COM 01625V104 1429 166 SH SOLE 166 0 0 Allison Transmission Holdings COM 01973R101 1628 28 SH SOLE 28 0 0 Ally Financial Inc. COM 02005N100 59434 1702 SH SOLE 1702 0 0 Alphabet Inc. Class A COM 02079K305 935923 6700 SH SOLE 6700 0 0 Amalgamated Financial COM 022671101 422958 15700 SH SOLE 0 0 15700 Amdocs Limited COM G02602103 633599 7209 SH SOLE 7209 0 0 Amerco COM 023586100 35182 490 SH SOLE 490 0 0 American Eagle Outfitters Inc COM 02553E106 2095 99 SH SOLE 99 0 0 American Equity Investment COM 025676206 3292 59 SH SOLE 59 0 0 American Intl Group, Inc. COM 026874784 718150 10600 SH SOLE 10600 0 0 Ameris Bancorp COM 03076K108 212200 4000 SH SOLE 0 0 4000 Amkor Technology Inc COM 031652100 3067527 92201 SH SOLE 23001 0 69200 Andersons Inc. COM 034164103 1151 20 SH SOLE 20 0 0 Annaly Capital Mgmt. COM 035710839 407 21 SH SOLE 21 0 0 Apache Corporation COM 03743Q108 21241 592 SH SOLE 592 0 0 Apartment Income REIT COM 03750L109 78768 2268 SH SOLE 2268 0 0 Arcbest Corp COM 03937C105 3727 31 SH SOLE 31 0 0 Archer Daniels Midland COM 039483102 433320 6000 SH SOLE 6000 0 0 Arko Corp COM 041242108 2327 282 SH SOLE 282 0 0 Armada Hoffler Properties Inc. COM 04208T108 488615 39500 SH SOLE 6200 0 33300 Arrow Electronics Inc COM 042735100 527142 4312 SH SOLE 4312 0 0 Assertio Holdings COM 04546C205 45689 42700 SH SOLE 0 0 42700 Assured Guaranty Ltd COM G0585R106 2020 27 SH SOLE 27 0 0 Atlanticus Holdings COM 04914Y102 957276 24755 SH SOLE 855 0 23900 AutoNation Inc. COM 05329W102 20725 138 SH SOLE 138 0 0 Avangrid Inc. COM 05351W103 73085 2255 SH SOLE 2255 0 0 Aveanna Healthcare Holdings Inc COM 05356F105 1227 458 SH SOLE 458 0 0 Avis Budget Group, Inc. COM 053774105 21094 119 SH SOLE 119 0 0 Avnet Inc. COM 053807103 7106 141 SH SOLE 141 0 0 BOK Financial Corp. COM 05561Q201 7452 87 SH SOLE 87 0 0 BRT Apartments Corp COM 055645303 200772 10800 SH SOLE 0 0 10800 Bank of America Corp COM 060505104 986531 29300 SH SOLE 29300 0 0 Bank of NT Butterfield LTD COM G0772R208 4985750 155756 SH SOLE 40456 0 115300 Bank of New York Mellon Corp. COM 064058100 64126 1232 SH SOLE 1232 0 0 Bank7 Corp COM 06652N107 158630 5800 SH SOLE 0 0 5800 Banner Corp. COM 06652V208 674856 12600 SH SOLE 3500 0 9100 Bath & Body Works COM 070830104 26673 618 SH SOLE 618 0 0 Beacon Roofing Supply COM 073685109 4003 46 SH SOLE 46 0 0 Beazer Homes USA COM 07556Q881 2723474 80600 SH SOLE 22200 0 58400 Belden Inc. COM 077454106 4249 55 SH SOLE 55 0 0 Berkshire Hathaway cl B COM 084670702 1141312 3200 SH SOLE 3200 0 0 Best Buy Inc. COM 086516101 24267 310 SH SOLE 310 0 0 Bloomin' Brands Inc COM 094235108 1379 49 SH SOLE 49 0 0 Bluelinx Holdings COM 09624H208 6080328 53661 SH SOLE 13061 0 40600 Boise Cascade LLC COM 09739D100 5562 43 SH SOLE 43 0 0 Bread Financial Holdings COM 018581108 5053062 153402 SH SOLE 39802 0 113600 Bridgewater Bancshares Inc COM 108621103 135200 10000 SH SOLE 0 0 10000 Brightsphere Investment Group COM 10948W103 1508735 78744 SH SOLE 21544 0 57200 Brookfield Business COM 11259V106 4819 207 SH SOLE 207 0 0 Brookfield Infrastructure Corporation COM 11275Q107 741 21 SH SOLE 21 0 0 Brookfield Renewable Corporation COM 11284V105 2332 81 SH SOLE 81 0 0 Brown-Forman cl B COM 115637209 17130 300 SH SOLE 300 0 0 Buckle Inc. COM 118440106 5286600 111250 SH SOLE 28350 0 82900 Bunge Limited COM H11356104 688984 6825 SH SOLE 6825 0 0 Business First Bancshares COM 12326C105 433840 17600 SH SOLE 0 0 17600 Byline Bancorp Inc. COM 124411109 424080 18000 SH SOLE 0 0 18000 CDW Corporation COM 12514G108 45464 200 SH SOLE 200 0 0 CNA Financial Corp. COM 126117100 65538 1549 SH SOLE 1549 0 0 CNO Financial Group, Inc. COM 12621E103 415710 14900 SH SOLE 11200 0 3700 CORE Molding Tech COM 218683100 361335 19500 SH SOLE 0 0 19500 CPI Card Group Inc COM 12634H200 262903 13700 SH SOLE 0 0 13700 CVR Energy, Inc. COM 12662P108 1371742 45272 SH SOLE 18472 0 26800 Cabaletta Bio COM 12674W109 392710 17300 SH SOLE 0 0 17300 Cabot Corporation COM 127055101 1086 13 SH SOLE 13 0 0 Cal-Maine Foods Inc. COM 128030202 1492 26 SH SOLE 26 0 0 Camping World Holdings, Inc. COM 13462K109 2626 100 SH SOLE 100 0 0 Capital One Financial Corp. COM 14040H105 839168 6400 SH SOLE 6400 0 0 Carrier Global Corporation COM 14448C104 17235 300 SH SOLE 300 0 0 Carvana Co COM 146869102 3388 64 SH SOLE 64 0 0 Cathay General Bancorp COM 149150104 1070 24 SH SOLE 24 0 0 Celanese Corporation COM 150870103 79239 510 SH SOLE 510 0 0 Cencora Inc COM 03073E105 492912 2400 SH SOLE 2400 0 0 Central Valley Community Bancorp COM 155685100 165390 7400 SH SOLE 0 0 7400 Centrus Energy COM 15643U104 1628546 29931 SH SOLE 3931 0 26000 Century Communities, Inc. COM 156504300 5809081 63738 SH SOLE 16038 0 47700 Championx Corp COM 15872M104 789 27 SH SOLE 27 0 0 Cheniere Energy Inc COM 16411R208 546272 3200 SH SOLE 3200 0 0 Chesapeake Energy Corp COM 165167735 445329 5788 SH SOLE 5788 0 0 Chevron Corp COM 166764100 253572 1700 SH SOLE 1700 0 0 Cincinnati Financial Corp COM 172062101 53282 515 SH SOLE 515 0 0 Cinemark Holdings Inc COM 17243V102 409 29 SH SOLE 29 0 0 Cirrus Logic Inc. 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(DE) COM 217204106 117600 2400 SH SOLE 2400 0 0 Corebridge FInancial COM 21871X109 529240 24434 SH SOLE 24434 0 0 Corecard Corporation COM 45816D100 241292 17447 SH SOLE 47 0 17400 Costamare Inc COM Y1771G102 4689653 450495 SH SOLE 114795 0 335700 Coterra Energy Inc COM 127097103 150568 5900 SH SOLE 5900 0 0 Crane Company COM 224408104 827 7 SH SOLE 7 0 0 Credit Acceptance Corp COM 225310101 1598 3 SH SOLE 3 0 0 Crescent Energy COM 44952J104 310435 23500 SH SOLE 15300 0 8200 Cross Country Healthcare Inc COM 227483104 3124 138 SH SOLE 138 0 0 Crossfirst Bancshares COM 22766M109 290612 21400 SH SOLE 0 0 21400 Customers Bancorp Inc COM 23204G100 4894473 84944 SH SOLE 21544 0 63400 DLH Holdings COM 23335Q100 485100 30800 SH SOLE 0 0 30800 DaVita HealthCare Partners Inc COM 23918K108 21476 205 SH SOLE 205 0 0 Daseke COM 23753F107 423630 52300 SH SOLE 0 0 52300 Destination XL Group COM 25065K104 187000 42500 SH SOLE 0 0 42500 Dicks Sporting Goods Inc COM 253393102 588 4 SH SOLE 4 0 0 Dillards Inc cl A COM 254067101 3998557 9906 SH SOLE 2606 0 7300 Diodes Inc. COM 254543101 2738 34 SH SOLE 34 0 0 Direct Digital Holdings COM 25461T105 358608 24100 SH SOLE 0 0 24100 Discover Financial Services COM 254709108 766905 6823 SH SOLE 6823 0 0 Distribution Solutions Group COM 520776105 164112 5200 SH SOLE 0 0 5200 Dolby Laboratories Inc. COM 25659T107 26716 310 SH SOLE 310 0 0 Dow Chemical Company COM 260557103 186456 3400 SH SOLE 3400 0 0 Dream Finders Homes Inc COM 26154D100 5267074 148243 SH SOLE 38743 0 109500 ePlus Inc. COM 294268107 3912 49 SH SOLE 49 0 0 Eagle Pharmaceuticals Inc COM 269796108 139118 26600 SH SOLE 0 0 26600 East West Bancorp, Inc. COM 27579R104 35975 500 SH SOLE 500 0 0 Eastman Kodak COM 277461406 125970 32300 SH SOLE 0 0 32300 EchoStar Corp. COM 278768106 1425269 86015 SH SOLE 21015 0 65000 Embecta Corp COM 29082K105 1176481 62149 SH SOLE 21149 0 41000 Enact Holdings Inc COM 29249E109 4658975 161266 SH SOLE 41366 0 119900 Encore Wire Corporation COM 292562105 7262 34 SH SOLE 34 0 0 Ennis Inc COM 293389102 157752 7200 SH SOLE 0 0 7200 Enova International, Inc. COM 29357K103 4844000 87500 SH SOLE 22300 0 65200 Ensign Group COM 29358P101 3927 35 SH SOLE 35 0 0 Enstar Group Limited COM G3075P101 2708020 9200 SH SOLE 2200 0 7000 Envela Corp COM 29402E102 137538 28300 SH SOLE 0 0 28300 Equity Bancshares COM 29460X109 216960 6400 SH SOLE 0 0 6400 Erasca Inc COM 29479A108 194256 91200 SH SOLE 0 0 91200 Essent Group COM G3198U102 4487910 85095 SH SOLE 21695 0 63400 Essential Properties Realty Trust COM 29670E107 971 38 SH SOLE 38 0 0 Evi Industries COM 26929N102 158991 6700 SH SOLE 0 0 6700 Expeditors International of WA COM 302130109 522156 4105 SH SOLE 4105 0 0 F&G Annuities and Life Inc COM 30190A104 1334 29 SH SOLE 29 0 0 FB Financial Corp. COM 30257X104 880685 22100 SH SOLE 4800 0 17300 FS Bancorp Inc. COM 30263Y104 380688 10300 SH SOLE 0 0 10300 FTI Consulting, Inc. COM 302941109 20313 102 SH SOLE 102 0 0 Fabrinet COM G3323L100 4758 25 SH SOLE 25 0 0 Fidelity National Fin Inc. 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COM 33768G107 1734 16 SH SOLE 16 0 0 First Financial Bancorp OH COM 320209109 3705000 156000 SH SOLE 38700 0 117300 First Internet Bancorp COM 320557101 587817 24300 SH SOLE 0 0 24300 First Merchants Corp COM 320817109 3960144 106800 SH SOLE 26900 0 79900 First Mid-Illinois Bancshares COM 320866106 131708 3800 SH SOLE 0 0 3800 Flex LNG Ltd COM G35947202 328378 11300 SH SOLE 4400 0 6900 Fluor Corporation COM 343412102 3682 94 SH SOLE 94 0 0 Fonar Corporation COM 344437405 262104 13400 SH SOLE 0 0 13400 Forestar Group COM 346232101 2702745 81728 SH SOLE 22028 0 59700 Four Corners PPTY Trust COM 35086T109 481 19 SH SOLE 19 0 0 Fulcrum Therapeutics COM 359616109 390150 57800 SH SOLE 0 0 57800 FutureFuel Corp COM 36116M106 183008 30100 SH SOLE 0 0 30100 G1 Therapeutics COM 3621LQ109 371490 121800 SH SOLE 0 0 121800 GMS Inc COM 36251C103 3709 45 SH SOLE 45 0 0 Gates Industrial Corp COM G39108108 3422 255 SH SOLE 255 0 0 General Dynamics Corp. COM 369550108 441439 1700 SH SOLE 1700 0 0 General Motors Company COM 37045V100 610640 17000 SH SOLE 17000 0 0 Genie Energy COM 372284208 731380 26000 SH SOLE 0 0 26000 Genpact Limited COM G3922B107 17945 517 SH SOLE 517 0 0 Genworth Financial Inc COM 37247D106 2086164 312300 SH SOLE 71000 0 241300 Geo Group Inc COM 36162J106 1251948 115600 SH SOLE 34700 0 80900 Global Industrial Co. COM 37892E102 1535034 39522 SH SOLE 8522 0 31000 Golden Ocean Group COM G39637205 4615094 472858 SH SOLE 121258 0 351600 Goldman Sachs Group Inc COM 38141G104 848694 2200 SH SOLE 2200 0 0 Graham Holdings Company COM 384637104 280001 402 SH SOLE 2 0 400 Gray Television Inc COM 389375106 2507250 279827 SH SOLE 71227 0 208600 Greene County Bancorp COM 394357107 383520 13600 SH SOLE 0 0 13600 Greif Inc cl A COM 397624107 4217109 64295 SH SOLE 16395 0 47900 Group 1 Automotive, Inc. COM 398905109 3047 10 SH SOLE 10 0 0 Gulfport Energy Corp COM 402635502 4422240 33200 SH SOLE 8300 0 24900 HBT Financial Inc COM 404111106 369425 17500 SH SOLE 0 0 17500 HCA Holdings, Inc. COM 40412C101 568428 2100 SH SOLE 2100 0 0 HF Sinclair Corp COM 403949100 392380 7061 SH SOLE 7061 0 0 HP Inc. COM 40434L105 858077 28517 SH SOLE 28517 0 0 Hackett Group Inc COM 404609109 209484 9200 SH SOLE 0 0 9200 Hamilton Beach Brands COM 40701T104 262350 15000 SH SOLE 0 0 15000 Haverty Furniture COM 419596101 1242500 35000 SH SOLE 7500 0 27500 Heartland Financial USA COM 42234Q102 5422083 144166 SH SOLE 36866 0 107300 Heidrick & Struggles COM 422819102 575835 19500 SH SOLE 2700 0 16800 Herbalife Ltd COM G4412G101 1618 106 SH SOLE 106 0 0 Hertz Global Holdings, Inc. 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