DENALI ADVISORS LLC Q4 2018 Filing

Filed January 15, 2019

Portfolio Value

$598.7M

Holdings

250

Report Date

Q4 2018

Filing Type

13F-HR

All Holdings (250 positions)

#	Stock	Shares	Value	% Portfolio
1	BACVerizon Communications, Inc.	388,500	$21.8M	3.65%
2	WFCWells Fargo & Company	437,500	$20.2M	3.37%
3	BRK/BBerkshire Hathaway cl B	85,900	$17.5M	2.93%
4	AFLAFLAC INC COM	370,710	$16.9M	2.82%
5	ARWArrow Electronics Inc	237,600	$16.4M	2.74%
6	CNACNA Financial Corp.	359,200	$15.9M	2.65%
7	TAT&T Inc.	519,400	$14.8M	2.48%
8	GMGeneral Motors Company	431,300	$14.4M	2.41%
9	RMEResMed Inc.	123,500	$14.1M	2.35%
10	BF/BBrown-Forman cl B	293,315	$14.0M	2.33%
11	HCAHCA Holdings, Inc.	111,700	$13.9M	2.32%
12	BENFranklin Resources Inc	436,743	$13.0M	2.16%
13	SCSantander Consumer USA Holdings Inc.	732,400	$12.9M	2.15%
14	TSNTyson Foods	239,800	$12.8M	2.14%
15	WPCW.P. Carey Inc. REIT	185,400	$12.1M	2.02%
16	PPLPPL Corp.	423,196	$12.0M	2.00%
17	RHIRobert Half International Inc.	207,400	$11.9M	1.98%
18	7HPHP Inc.	579,200	$11.8M	1.98%
19	CMCSAComcast cl A	339,200	$11.6M	1.93%
20	FITBFifth Third Bancorp	483,500	$11.4M	1.90%
21	UHALAmerco	34,000	$11.2M	1.86%
22	MANHManhattan Associates, Inc.	260,000	$11.0M	1.84%
23	PG4Principal Financial Group, Inc.	236,217	$10.4M	1.74%
24	VIABViacom Inc cl B	405,400	$10.4M	1.74%
25	LYBLyondellBasell Industries cl A	123,951	$10.3M	1.72%
26	UTHUnited Therapeutics Corp.	93,000	$10.1M	1.69%
27	GILDGilead Sciences, Inc.	160,603	$10.0M	1.68%
28	DFSEURDiscover Financial Services	162,156	$9.6M	1.60%
29	SCCOSouthern Copper Corp.	302,100	$9.3M	1.55%
30	ETNEaton Corporation, plc	134,178	$9.2M	1.54%
31	VRSNVeriSign Inc	61,900	$9.2M	1.53%
32	MUMicron Technology Inc	277,100	$8.8M	1.47%
33	EPREntertainment Properties	133,600	$8.6M	1.43%
34	NFGNational Fuel Gas Co.	160,700	$8.2M	1.37%
35	AGREURAvangrid Inc.	157,700	$7.9M	1.32%
36	LEALear Corporation	63,300	$7.8M	1.30%
37	GRMNGarmin Ltd	120,600	$7.6M	1.28%
38	LNCLincoln National Corporation	145,400	$7.5M	1.25%
39	PBFPBF Energy Inc cl A	217,200	$7.1M	1.19%
40	TRVThe Travelers Companies, Inc.	54,400	$6.5M	1.09%
41	WMTWalmart Inc.	69,751	$6.5M	1.09%
42	COFCapital One Financial Corp.	84,200	$6.4M	1.06%
43	NLYEURAnnaly Capital Mgmt.	646,300	$6.3M	1.06%
44	MPTMedical Properties Trust Inc	382,500	$6.2M	1.03%
45	INGRIngredion Incorporated	56,900	$5.2M	0.87%
46	NVRNVR Inc.	2,030	$4.9M	0.83%
47	PSXPhillips 66	56,200	$4.8M	0.81%
48	SYFSynchrony Financial	191,500	$4.5M	0.75%
49	MOAltria Group Inc	77,700	$3.8M	0.64%
50	XOMExxon Mobil Corporation	55,856	$3.8M	0.64%
51	—Parsley Energy Inc.	215,400	$3.4M	0.57%
52	DOXAmdocs Limited	56,400	$3.3M	0.55%
53	PPCPilgrims Pride Corp	189,400	$2.9M	0.49%
54	UALUnited Continental Hldg, Inc.	32,100	$2.7M	0.45%
55	RGAReinsurance Group of America, Inc	18,200	$2.6M	0.43%
56	CLRUSDContinental Resources, Inc.	62,800	$2.5M	0.42%
57	DISHDISH Network Corp cl A	96,200	$2.4M	0.40%
58	ATRIUSDAtrion Corporation	3,201	$2.4M	0.40%
59	WECWEC Energy Group	33,500	$2.3M	0.39%
60	FFord Motor Company	286,000	$2.2M	0.37%
61	VLOValero Energy Corporation	28,800	$2.2M	0.36%
62	AGOAssured Guaranty Ltd	55,900	$2.1M	0.36%
63	HFCUSDHollyFrontier Corporation	41,000	$2.1M	0.35%
64	PRUPrudential Financial Inc	23,400	$1.9M	0.32%
65	LIILennox International Inc.	8,400	$1.8M	0.31%
66	KHCKraft Heinz Co	42,600	$1.8M	0.31%
67	CDWCDW Corporation	21,800	$1.8M	0.30%
68	PAGPenske Automotive Group, Inc.	42,100	$1.7M	0.28%
69	BAHBooz Allen Hamilton cl A	35,900	$1.6M	0.27%
70	EMNEastman Chemical Co	22,000	$1.6M	0.27%
71	PSAPublic Storage, Inc.	7,600	$1.5M	0.26%
72	ANAutoNation Inc.	39,700	$1.4M	0.24%
73	MUSAMurphy USA, Inc.	18,100	$1.4M	0.23%
74	TMKTorchmark Corp	17,200	$1.3M	0.21%
75	NTRSNorthern Trust Corp.	15,000	$1.3M	0.21%
76	—Athene Holding Ltd.	30,300	$1.2M	0.20%
77	LSTRLandstar System Inc.	12,300	$1.2M	0.20%
78	MIKUSDThe Michaels Companies, Inc.	85,200	$1.2M	0.19%
79	ALAir Lease Corp. Cl A	37,600	$1.1M	0.19%
80	—National Instruments	24,500	$1.1M	0.19%
81	MTBM&T Bank Corp.	7,300	$1.0M	0.17%
82	LAMRLamar Advertising Co.	14,300	$989K	0.17%
83	ODFLOld Dominion Freight	8,000	$988K	0.17%
84	MSMMSC Industrial Direct Co.	12,300	$946K	0.16%
85	UBNTEURUbiquiti Networks, Inc.	9,500	$944K	0.16%
86	GAPThe Gap, Inc.	31,800	$819K	0.14%
87	CHHChoice Hotels Intl	11,200	$802K	0.13%
88	CHEChemed Corporation	2,800	$793K	0.13%
89	GNTXGentex Corporation	32,800	$663K	0.11%
90	AMCXAMC Networks Inc. cl A	11,600	$637K	0.11%
91	JBLUJetBlue Airways Corp	34,700	$557K	0.09%
92	—Laboratory Corp of America	4,300	$543K	0.09%
93	TTCToro Company	9,700	$542K	0.09%
94	CACCCredit Acceptance Corp	1,400	$534K	0.09%
95	CDKCDK Global	11,100	$531K	0.09%
96	GLWCorning Incorporated	14,600	$441K	0.07%
97	CINFCincinnati Financial Corp	5,500	$426K	0.07%
98	VSMEURVersum Materials, Inc.	15,300	$424K	0.07%
99	MTCHEURMatch Group, Inc.	9,600	$411K	0.07%
100	MPCMarathon Petroleum Corp	6,561	$387K	0.06%

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