Q2 2026 13F · SEC CIK 1142941

Denali Advisors LLC

Institutional asset managerFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $993.0M
Reported positions: 318
Top holdings a year, 3 yrs: +18.9%
Assets under management: $1.4B

Denali Advisors LLC is an institutional asset manager that reported 318 positions worth $993.0M in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Nvidia Corporation (NVDA, 4.4%), Alphabet Inc (GOOG, 3.8%), Apple Inc (AAPL, 3.0%). A portfolio copying its top holdings returned 18.9% a year over the last 3 years, against 20.4% for the S&P 500.

Denali Advisors LLC holdings largest 50 of 318 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Denali Advisors LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	4.4%	4.2%	219,391	+0.4%	$43.9M
GOOGAlphabet Inc	3.8%	2.9%	105,988	+14.8%	$37.4M
AAPLApple Inc	3.0%	3.3%	101,322	-14.5%	$29.3M
MSFTMicrosoft Corp	2.2%	2.9%	57,369	-17.7%	$21.4M
AMZNAmazon Com Inc	1.7%	1.9%	68,888	-15.6%	$16.4M
LLYEli Lilly & Co	1.6%	0.9%	12,917	+39.0%	$15.5M
AVGOBroadcom Inc	1.6%	1.4%	40,971	-0.0%	$15.5M
METAMeta Platforms Inc	1.3%	1.5%	22,697	-4.7%	$12.8M
CATCaterpillar Inc	1.2%	0.8%	11,035	+13.8%	$11.8M
AMDAdvanced Micro Devices Inc	1.1%	—	18,468	—	$10.7M
FLEXFlex Ltd Ord	1.1%	—	66,146	—	$10.7M
AMATApplied Matls Inc	1.1%	—	14,650	—	$10.6M
MHOM/i Homes Inc	1.0%	0.8%	61,445	+3.5%	$9.9M
WMTWalmart Inc	0.9%	1.1%	83,102	+0.2%	$9.4M
CAHCardinal Health Inc	0.9%	0.9%	39,366	+0.4%	$9.4M
TSLATesla Inc	0.9%	0.9%	22,027	+0.2%	$9.3M
FORForestar Group Inc	0.9%	0.8%	292,662	-0.5%	$9.3M
EFSCEnterprise Finl Svcs Corp	0.9%	0.8%	135,100	-4.0%	$8.9M
CCSIConsensus Cloud Solutions in	0.9%	0.7%	230,924	-13.6%	$8.8M
WLFCWillis Lease Finance Corp	0.9%	0.8%	38,450	-6.1%	$8.8M
MBINMerchants Bancorp Ind	0.9%	0.9%	174,576	-10.3%	$8.7M
LRCXLam Research Corp	0.9%	—	20,139	—	$8.7M
GRBKGreen Brick Partners Inc	0.9%	0.8%	108,874	-5.1%	$8.7M
CATYCathay Gen Bancorp	0.9%	0.9%	140,297	-11.8%	$8.7M
MCYMercury General Corp	0.9%	—	81,535	—	$8.7M
FRMEFirst Merchants Corp	0.9%	0.9%	194,500	-5.2%	$8.5M
MOAltria Group Inc	0.9%	0.9%	117,440	+0.2%	$8.4M
NTBBank of N T Butterfield & So	0.8%	0.9%	139,869	-9.7%	$8.3M
IBOCInternational Bancshares Corp	0.8%	0.9%	108,480	-7.5%	$8.2M
GEFGreif Inc	0.8%	0.9%	109,851	-5.3%	$8.2M
NMIHNmi Hldgs Inc	0.8%	0.9%	198,100	-4.9%	$8.1M
HGHamilton Insurance Group Ltd	0.8%	0.8%	239,500	-4.5%	$8.1M
ACTEnact Hldgs Inc	0.8%	0.8%	172,988	-5.1%	$7.9M
CBTCabot Corp	0.8%	0.9%	86,707	-18.9%	$7.9M
OTTROtter Tail Corp	0.8%	0.9%	85,102	-5.3%	$7.7M
ABGAsbury Automotive Group	0.8%	—	37,922	—	$7.6M
AMPHAmphastar Pharmaceuticals Inc	0.8%	—	375,965	—	$7.6M
FGJpmorgan chase & co	0.8%	0.8%	284,700	+4.1%	$7.6M
COSTCostco Wholesale Corporation	0.8%	1.0%	8,050	-6.6%	$7.5M
REPXRiley Exploration Permian in	0.8%	—	228,051	—	$7.5M
NFLXNetflix Inc.	0.7%	1.1%	103,210	+0.3%	$7.4M
MUMicron Technology Inc	0.7%	—	6,380	—	$7.4M
CNXNPc Connection Inc	0.7%	—	99,200	—	$7.2M
PANWPalo Alto Networks Inc	0.7%	—	21,135	—	$7.2M
BYByline Bancorp Inc	0.7%	—	185,516	—	$7.0M
FIZZNational Beverage Corp	0.7%	0.9%	223,100	-5.7%	$7.0M
SRCE1st Source Corp	0.7%	0.9%	80,900	-32.4%	$6.6M
ARCCAres Capital Corp	0.7%	0.8%	354,445	-6.1%	$6.6M
INSWInternational Seaways Inc Com	0.7%	—	84,681	—	$6.5M
TAt&t Inc	0.7%	1.1%	312,618	-12.0%	$6.5M

What Denali Advisors LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +10.2% /yr; S&P 500 +20.1%
3 years: +18.9% /yr; S&P 500 +20.4%
5 years: +12.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$993.0M	318
Q1 2026	$899.7M	307
Q4 2025	$901.0M	321
Q3 2025	$885.1M	297
Q2 2025	$960.1M	288
Q1 2025	$878.6M	274
Q4 2024	$954.0M	271
Q3 2024	$930.7M	271
Q2 2024	$365.4M	175
Q1 2024	$339.6M	450
Q4 2023	$327.3M	451
Q3 2023	$284.8M	468

Questions about Denali Advisors LLC's portfolio

What stocks does Denali Advisors LLC own?

Denali Advisors LLC's latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 318 positions worth $993.0M. The largest are Nvidia Corporation (NVDA) at 4.4%, Alphabet Inc (GOOG) at 3.8%, Apple Inc (AAPL) at 3.0%, Microsoft Corp (MSFT) at 2.2% and Amazon Com Inc (AMZN) at 1.7%.

What did Denali Advisors LLC buy last quarter?

In Q2 2026, Denali Advisors LLC added Eli Lilly & Co (LLY) (+39.0% shares), Alphabet Inc (GOOG) (+14.8% shares) and Caterpillar Inc (CAT) (+13.8% shares), compared with its Q1 2026 filing.

What did Denali Advisors LLC sell last quarter?

In Q2 2026, Denali Advisors LLC cut from its top 50 Ingles Mkts Inc (IMKTA), cut from its top 50 Northern Oil & Gas Inc (NOG), cut from its top 50 Agnico Eagle Mines Ltd (AEM), cut from its top 50 Palantir Technologies Inc (PLTR), cut from its top 50 First Financial Bancorp Ohio (FFBC), 1st Source Corp (SRCE) (-32.4% shares), Cabot Corp (CBT) (-18.9% shares) and Microsoft Corp (MSFT) (-17.7% shares), compared with its Q1 2026 filing.

How has Denali Advisors LLC's portfolio performed?

A portfolio copying Denali Advisors LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +10.2% against +20.1%. Over 5 years: +12.1% a year against +11.6%.

When is Denali Advisors LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Denali Advisors LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Denali Advisors LLC manage?

Denali Advisors LLC reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $993.0M.