DENALI ADVISORS LLC Q1 2018 Filing

Filed April 23, 2018

Portfolio Value

$623.6M

Holdings

264

Report Date

Q1 2018

Filing Type

13F-HR

All Holdings (264 positions)

#	Stock	Shares	Value	% Portfolio
1	WFCWells Fargo & Company	358,200	$18.8M	3.01%
2	PG4Principal Financial Group, Inc.	291,817	$17.8M	2.85%
3	WMTWalmart Inc.	197,151	$17.5M	2.81%
4	BACVerizon Communications, Inc.	364,700	$17.4M	2.80%
5	BF/BBrown-Forman cl B	287,215	$15.6M	2.51%
6	ETNEaton Corporation, plc	193,678	$15.5M	2.48%
7	TRVThe Travelers Companies, Inc.	109,500	$15.2M	2.44%
8	SCCOSouthern Copper Corp.	277,800	$15.1M	2.41%
9	AFLAFLAC INC COM	333,610	$14.6M	2.34%
10	GMGeneral Motors Company	399,900	$14.5M	2.33%
11	PPCPilgrims Pride Corp	573,199	$14.1M	2.26%
12	DFSEURDiscover Financial Services	195,856	$14.1M	2.26%
13	BRK/BBerkshire Hathaway cl B	67,900	$13.5M	2.17%
14	LYBLyondellBasell Industries cl A	124,851	$13.2M	2.12%
15	TSNTyson Foods	178,300	$13.1M	2.09%
16	ARWArrow Electronics Inc	168,600	$13.0M	2.08%
17	LNCLincoln National Corporation	174,400	$12.7M	2.04%
18	CNACNA Financial Corp.	256,000	$12.6M	2.03%
19	PPLPPL Corp.	431,296	$12.2M	1.96%
20	LEALear Corporation	62,700	$11.7M	1.87%
21	GILDGilead Sciences, Inc.	141,103	$10.6M	1.71%
22	VLOValero Energy Corporation	114,271	$10.6M	1.70%
23	UEOWestlake Chemical Corporation	94,261	$10.5M	1.68%
24	—Andeavor Corp	101,100	$10.2M	1.63%
25	FITBFifth Third Bancorp	319,500	$10.1M	1.63%
26	UHALAmerco	29,100	$10.0M	1.61%
27	AGREURAvangrid Inc.	188,700	$9.6M	1.55%
28	VMWEURVMware, Inc. Cl A	79,374	$9.6M	1.54%
29	AGOAssured Guaranty Ltd	261,800	$9.5M	1.52%
30	IBMInternational Business Machines Corp.	61,714	$9.5M	1.52%
31	DGXQuest Diagnostics Inc.	92,844	$9.3M	1.49%
32	BENFranklin Resources Inc	261,543	$9.1M	1.45%
33	SCSantander Consumer USA Holdings Inc.	547,700	$8.9M	1.43%
34	DISCAUSDDiscovery Inc.	383,316	$8.2M	1.32%
35	VIABViacom Inc cl B	261,100	$8.1M	1.30%
36	ITWIllinois Tool Works	49,890	$7.8M	1.25%
37	TAT&T Inc.	217,900	$7.8M	1.25%
38	CBRECBRE Group, Inc.	158,200	$7.5M	1.20%
39	GLWCorning Incorporated	245,200	$6.8M	1.10%
40	CLSCA Inc.	201,100	$6.8M	1.09%
41	EQREquity Residential	101,600	$6.3M	1.00%
42	CAHCardinal Health Inc.	98,000	$6.1M	0.99%
43	RGAReinsurance Group of America, Inc	34,600	$5.3M	0.85%
44	CIMChimera Investment Corporation	289,100	$5.0M	0.81%
45	EPREntertainment Properties	87,800	$4.9M	0.78%
46	PSXPhillips 66	49,400	$4.7M	0.76%
47	XOMExxon Mobil Corporation	60,956	$4.5M	0.73%
48	—Michael Kors Holdings Limited	73,000	$4.5M	0.73%
49	EMNEastman Chemical Co	42,300	$4.5M	0.72%
50	FANGDiamondback Energy, Inc.	35,100	$4.4M	0.71%
51	COHREURCoherent Inc.	23,700	$4.4M	0.71%
52	JLLJones Lang LaSalle Incorporated	24,100	$4.2M	0.67%
53	MUMicron Technology Inc	80,000	$4.2M	0.67%
54	HTDCorcept Therapeutics Inc.	246,200	$4.0M	0.65%
55	HGVHilton Grand Vacations	92,400	$4.0M	0.64%
56	ALAir Lease Corp. Cl A	89,900	$3.8M	0.61%
57	WYNEURWyndham Worldwide Corporation	32,700	$3.7M	0.60%
58	TFXTeleflex Incorporated	13,800	$3.5M	0.56%
59	PSAPublic Storage, Inc.	16,800	$3.4M	0.54%
60	UALUnited Continental Hldg, Inc.	46,200	$3.2M	0.51%
61	GRMNGarmin Ltd	53,500	$3.2M	0.51%
62	MUSAMurphy USA, Inc.	38,700	$2.8M	0.45%
63	FUODolby Laboratories Inc.	40,600	$2.6M	0.41%
64	VRSNVeriSign Inc	20,200	$2.4M	0.38%
65	WATWaters Corporation	10,400	$2.1M	0.33%
66	BPOPPopular Inc.	48,700	$2.0M	0.33%
67	—GGP Inc.	94,400	$1.9M	0.31%
68	PEOExelon Corporation	49,500	$1.9M	0.31%
69	ODFLOld Dominion Freight	11,900	$1.7M	0.28%
70	DOVDover Corp.	17,300	$1.7M	0.27%
71	—Athene Holding Ltd.	35,000	$1.7M	0.27%
72	PAGPenske Automotive Group, Inc.	36,100	$1.6M	0.26%
73	AZTABrooks Automation Inc	58,500	$1.6M	0.25%
74	—National Instruments	31,300	$1.6M	0.25%
75	NAVINavient Corporation	105,700	$1.4M	0.22%
76	GMEGamestop Corp. Cl A	103,400	$1.3M	0.21%
77	NTRSNorthern Trust Corp.	12,500	$1.3M	0.21%
78	PBFPBF Energy Inc cl A	35,800	$1.2M	0.19%
79	RITMNew Residential Investments	71,100	$1.2M	0.19%
80	IVZInvesco Limited	36,000	$1.2M	0.18%
81	BGCPEURBGC Partners Inc.	85,300	$1.1M	0.18%
82	FLIRFLIR Systems, Inc.	22,200	$1.1M	0.18%
83	DTEDTE Energy Corp.	9,800	$1.0M	0.16%
84	JPMJPMorgan Chase & Co.	9,200	$1.0M	0.16%
85	TDYTeledyne Technologies Inc.	5,400	$1.0M	0.16%
86	HUBBHubbell Incorporated	8,300	$1.0M	0.16%
87	7HPHP Inc.	43,400	$951K	0.15%
88	XRXCHFXerox Corporation	30,325	$873K	0.14%
89	MTCHEURMatch Group, Inc.	18,900	$840K	0.13%
90	SKAASkechers U.S.A. Inc.	21,000	$817K	0.13%
91	—DST SYS INC COM	9,500	$795K	0.13%
92	PRUPrudential Financial Inc	7,300	$756K	0.12%
93	ACGLArch Capital Group Ltd.	8,700	$745K	0.12%
94	RRyder System Inc.	10,100	$735K	0.12%
95	BAXBaxter International	10,700	$696K	0.11%
96	MCOMoody's Corp.	4,200	$677K	0.11%
97	FNFFidelity National Fin Inc.	15,700	$628K	0.10%
98	—RSP Permian Inc.	13,200	$619K	0.10%
99	MPTMedical Properties Trust Inc	47,500	$618K	0.10%
100	NVRNVR Inc.	200	$560K	0.09%

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