DENALI ADVISORS LLC Q1 2017 Filing

Filed April 7, 2017

Portfolio Value

$680.6M

Holdings

271

Report Date

Q1 2017

Filing Type

13F-HR

All Holdings (271 positions)

#	Stock	Shares	Value	% Portfolio
1	PPCPilgrims Pride Corp	1,029,388	$23.2M	3.40%
2	WFCWells Fargo & Co	408,203	$22.7M	3.34%
3	SCCOSouthern Copper Corp.	558,500	$20.0M	2.95%
4	WMTWal-Mart Stores, Inc.	258,404	$18.6M	2.74%
5	REEverest Re Group Ltd	77,901	$18.2M	2.68%
6	DISCAUSDDiscovery Communications A	547,031	$15.9M	2.34%
7	IBMIBM Corp	87,205	$15.2M	2.23%
8	GMGeneral Motors Company	427,800	$15.1M	2.22%
9	UHALAmerco	39,500	$15.1M	2.21%
10	SCSantander Consmer USA Hdng Inc	1,123,900	$15.0M	2.20%
11	AVTAvnet Inc	325,026	$14.9M	2.19%
12	TRVThe Travelers Companies	121,500	$14.6M	2.15%
13	AFLAFLAC Inc.	198,349	$14.4M	2.11%
14	LYBLyondellBasell Industries cl A	156,979	$14.3M	2.10%
15	CAHCardinal Health Inc.	170,600	$13.9M	2.04%
16	ORCLOracle Corporation	304,200	$13.6M	1.99%
17	UEOWestlake Chemical Corp	204,427	$13.5M	1.98%
18	VLOValero Energy Corp.	193,194	$12.8M	1.88%
19	UALUnited Continental Hldg, Inc.	166,100	$11.7M	1.72%
20	PG4Principal Financial Group	184,034	$11.6M	1.71%
21	NAVINavient Corporation	768,500	$11.3M	1.67%
22	7HPHP Inc.	632,100	$11.3M	1.66%
23	ARWArrow Electronics Inc	152,545	$11.2M	1.65%
24	—Twenty-First Cent Fox Inc Cl A	339,603	$11.0M	1.62%
25	DTEDTE Energy Company	106,002	$10.8M	1.59%
26	GILDGilead Sciences Inc.	150,877	$10.2M	1.51%
27	BF/BBrown-Forman cl B	217,832	$10.1M	1.48%
28	DFSEURDiscover Financial Services	146,213	$10.0M	1.47%
29	ITWIllinois Tool Works Inc.	64,213	$8.5M	1.25%
30	ALSAllstate Corporation	100,200	$8.2M	1.20%
31	CNACNA Financial Corporation	181,500	$8.0M	1.18%
32	—Tesoro Corp	98,500	$8.0M	1.17%
33	BENFranklin Resources, Inc.	186,678	$7.9M	1.16%
34	JBLUJetBlue Airways Corp	376,300	$7.8M	1.14%
35	CIMChimera Investment Corp	376,000	$7.6M	1.11%
36	BBBYEURBed Bath & Beyond Inc	188,500	$7.4M	1.09%
37	PEGPublic Service Enterprise Grp	161,930	$7.2M	1.06%
38	GLWCorning Inc.	263,100	$7.1M	1.04%
39	CLSCA, Inc.	222,400	$7.1M	1.04%
40	DGXQuest Diagnostics Inc	65,571	$6.4M	0.95%
41	LNCLincoln National Corp	95,300	$6.2M	0.92%
42	AGREURAVANGRID, Inc.	140,200	$6.0M	0.88%
43	ETNEaton Corporation, plc	80,309	$6.0M	0.87%
44	RGAReinsurance Group of America	46,300	$5.9M	0.86%
45	LEALear Corporation	38,700	$5.5M	0.81%
46	ACGLArch Capital Group Ltd.	57,168	$5.4M	0.80%
47	AXSAxis Capital Holdings Ltd	78,800	$5.3M	0.78%
48	FFord Motor Company	450,277	$5.2M	0.77%
49	VMWEURVMware, Inc. Cl A	51,989	$4.8M	0.70%
50	VIABViacom Inc cl B	100,400	$4.7M	0.69%
51	PEOExelon Corp	125,100	$4.5M	0.66%
52	XOMExxon Mobil Corporation	52,666	$4.3M	0.63%
53	ADMArcher Daniels Midland	90,400	$4.2M	0.61%
54	EQREquity Residential Properties	63,690	$4.0M	0.58%
55	—Scana Corporation	59,300	$3.9M	0.57%
56	OKEONEOK Inc.	67,300	$3.7M	0.55%
57	TRNTrinity Industries, Inc.	138,900	$3.7M	0.54%
58	—Care Capital Properties, Inc.	133,000	$3.6M	0.53%
59	MACMacerich Company	54,900	$3.5M	0.52%
60	—GGP Inc.	147,200	$3.4M	0.50%
61	OHIOmega Healthcare Investors	100,800	$3.3M	0.49%
62	KEYSKeysight Technologies Inc	88,900	$3.2M	0.47%
63	TRVCCitigroup Inc.	52,200	$3.1M	0.46%
64	UHSUniversal Health Services	25,017	$3.1M	0.46%
65	BBTUSDBB&T Corp	68,100	$3.0M	0.45%
66	—Rowan Companies plc	188,100	$2.9M	0.43%
67	TRIThomson Reuters Corp	67,300	$2.9M	0.43%
68	—DST Systems Inc.	23,600	$2.9M	0.42%
69	LLoews Corp	59,600	$2.8M	0.41%
70	—SunTrust Banks, Inc.	48,000	$2.7M	0.39%
71	DOXAmdocs Limited	41,400	$2.5M	0.37%
72	EMNEastman Chemical Co.	30,600	$2.5M	0.36%
73	—National Instruments	70,400	$2.3M	0.34%
74	VNOVornado Realty Trust	21,800	$2.2M	0.32%
75	FITBFifth Third Bancorp	84,300	$2.1M	0.31%
76	JLLJones Lang LaSalle Inc	19,000	$2.1M	0.31%
77	MANManpowerGroup	20,500	$2.1M	0.31%
78	BPOPPopular Inc.	50,700	$2.1M	0.30%
79	EPREPR Properties	28,000	$2.1M	0.30%
80	FUODolby Laboratories Inc	38,100	$2.0M	0.29%
81	—Calpine Corp.	174,900	$1.9M	0.28%
82	S9QSpirit Aerosystems Holdings	33,300	$1.9M	0.28%
83	—AmTrust Financial Services	104,400	$1.9M	0.28%
84	VOYAVoya Financial, Inc.	50,300	$1.9M	0.28%
85	SATSEchoStar Corp.	33,000	$1.9M	0.28%
86	MSMMSC Industrial Direct Co.	16,900	$1.7M	0.26%
87	GMEGamestop Corp	75,400	$1.7M	0.25%
88	WKCWorld Fuel Services Corp	46,200	$1.7M	0.25%
89	DALDelta Air Lines, Inc.	36,084	$1.7M	0.24%
90	BAXBaxter International	30,037	$1.6M	0.23%
91	—CBL & Associates Properties	160,600	$1.5M	0.23%
92	—Xerox Corporation	202,000	$1.5M	0.22%
93	ALAir Lease Corp cl A	36,700	$1.4M	0.21%
94	HUBBHubbell Inc	11,800	$1.4M	0.21%
95	RHIRobert Half International Inc.	28,500	$1.4M	0.20%
96	PAGPenske Automotive Group	28,800	$1.3M	0.20%
97	BAHBooz Allen Hamilton cl A	37,800	$1.3M	0.20%
98	HPTUSDHospitality Properties Trust	40,600	$1.3M	0.19%
99	CECelanese Corp.	13,200	$1.2M	0.17%
100	NEUNewMarket Corporation	2,600	$1.2M	0.17%

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