Denali Advisors LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Denali Advisors LLC reported 318 stock positions worth $993.0 million. Its top holding was Nvidia (NVDA) at 4.4% of the portfolio, followed by Alphabet Class C (GOOG, 3.8%) and Apple (AAPL, 3.0%). Compared with Q1 2026, it opened 40 new positions, sold out of 29, added to 97 and reduced 142. The biggest buy was a new position in Advanced Micro Devices (AMD) and the biggest sale an exit from Northern Oil and Gas (NOG).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001142941
- Portfolio Value
- $993.0M (Q2 2026)
- SEC Filing
- 0001398344-26-013946 ↗ filed Aug 10, 2026
Holdings Value
Holdings 318 stocks · $993.0M
| NVDA Nvidia Corp. | 4.42% | 219,391 | $43.9M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 3.77% | 105,988 | $37.4M | Add +14.8% |
| AAPL Apple Inc. | 2.95% | 101,322 | $29.3M | Reduce -14.5% |
| MSFT Microsoft Corp. | 2.15% | 57,369 | $21.4M | Reduce -17.7% |
| AMZN Amazon.com Inc. | 1.65% | 68,888 | $16.4M | Reduce -15.6% |
| LLY Eli Lilly & Co. | 1.56% | 12,917 | $15.5M | Add +39.0% |
| AVGO Broadcom Inc. | 1.56% | 40,971 | $15.5M | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 1.29% | 22,697 | $12.8M | Reduce -4.7% |
| CAT Caterpillar Inc. | 1.18% | 11,035 | $11.8M | Add +13.8% |
| AMD Advanced Micro Devices | 1.08% | 18,468 | $10.7M | New |
| FLEX Flex Ltd. | 1.08% | 66,146 | $10.7M | Reduce -2.0% |
| AMAT Applied Materials Inc. | 1.07% | 14,650 | $10.6M | Add +222.1% |
| MHO M/I Homes Inc. | 0.99% | 61,445 | $9.9M | Add +3.5% |
| WMT Walmart Inc. | 0.95% | 83,102 | $9.4M | Add +0.2% |
| CAH Cardinal Health Inc. | 0.94% | 39,366 | $9.4M | Add +0.4% |
| TSLA Tesla Inc. | 0.93% | 22,027 | $9.3M | Add +0.2% |
| FOR Forestar Group Inc. | 0.93% | 292,662 | $9.3M | Reduce -0.5% |
| EFSC Enterprise Financial Service | 0.90% | 135,100 | $8.9M | Reduce -4.0% |
| CCSI Consensus Cloud Solution | 0.89% | 230,924 | $8.8M | Reduce -13.6% |
| WLFC Willis Lease Finance Corp. | 0.89% | 38,450 | $8.8M | Reduce -6.1% |
| MBIN Merchants Bancorp | 0.88% | 174,576 | $8.7M | Reduce -10.3% |
| LRCX Lam Research Corp. | 0.88% | 20,139 | $8.7M | New |
| GRBK Green Brick Partners Inc. | 0.88% | 108,874 | $8.7M | Reduce -5.1% |
| CATY Cathay General Bancorp | 0.88% | 140,297 | $8.7M | Reduce -11.8% |
| MCY Mercury General Corp. | 0.88% | 81,535 | $8.7M | Add +113.4% |
| FRME First Merchants Corp. | 0.86% | 194,500 | $8.5M | Reduce -5.2% |
| MO Altria Group Inc. | 0.85% | 117,440 | $8.4M | Add +0.2% |
| NTB Bank of N.T. Butterfield&son | 0.84% | 139,869 | $8.3M | Reduce -9.7% |
| IBOC International Bancshares CRP | 0.83% | 108,480 | $8.2M | Reduce -7.5% |
| GEF Greif Inc. Class A | 0.82% | 109,851 | $8.2M | Reduce -5.3% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.82% | 198,100 | $8.1M | Reduce -4.9% |
| HG Hamilton Insurance Grou Class B | 0.82% | 239,500 | $8.1M | Reduce -4.5% |
| ACT Enact Holdings Inc. | 0.80% | 172,988 | $7.9M | Reduce -5.1% |
| CBT Cabot Corp. | 0.79% | 86,707 | $7.9M | Reduce -18.9% |
| OTTR Otter Tail Corp. | 0.77% | 85,102 | $7.7M | Reduce -5.3% |
| ABG Asbury Automotive Group | 0.77% | 37,922 | $7.6M | Add +25.9% |
| AMPH Amphastar Pharmaceuticals Inc. | 0.76% | 375,965 | $7.6M | Add +41.1% |
| FG F&G Annuities & Life Inc. | 0.76% | 284,700 | $7.6M | Add +4.1% |
| COST Costco Wholesale Corp. | 0.76% | 8,050 | $7.5M | Reduce -6.6% |
| REPX Riley Exploration Permian Inc. | 0.76% | 228,051 | $7.5M | Add +1524.2% |
| NFLX Netflix Inc. | 0.74% | 103,210 | $7.4M | Add +0.3% |
| MU Micron Technology Inc. | 0.74% | 6,380 | $7.4M | New |
| CNXN PC Connection Inc. | 0.73% | 99,200 | $7.2M | Add +19.1% |
| PANW Palo Alto Networks Inc. | 0.73% | 21,135 | $7.2M | Add +0.4% |
| BY Byline Bancorp Inc. | 0.70% | 185,516 | $7.0M | Add +10.8% |
| FIZZ National Beverage Corp. | 0.70% | 223,100 | $7.0M | Reduce -5.7% |
| SRCE 1ST Source Corp. | 0.66% | 80,900 | $6.6M | Reduce -32.4% |
| ARCC Ares Capital Corp. | 0.66% | 354,445 | $6.6M | Reduce -6.1% |
| INSW International Seaways Inc. | 0.65% | 84,681 | $6.5M | Add +160.3% |
| T AT&T Inc. | 0.65% | 312,618 | $6.5M | Reduce -12.0% |
| GBX Greenbrier Companies Inc. | 0.65% | 131,571 | $6.4M | Reduce -0.3% |
| WS Worthington Steel Inc. | 0.64% | 189,582 | $6.4M | Reduce -4.9% |
| TNK Teekay Tankers Ltd. Class A | 0.62% | 95,481 | $6.2M | Reduce -5.2% |
| VST Vistra Corp. | 0.62% | 38,951 | $6.2M | Add +0.6% |
| AEM Agnico Eagle Mines Ltd. | 0.61% | 39,121 | $6.1M | Reduce -1.0% |
| WM Waste Management Inc. | 0.60% | 26,801 | $6.0M | Add +0.3% |
| CASY Casey's General Stores Inc. | 0.59% | 7,414 | $5.9M | Add +5.8% |
| JPM JPMorgan Chase & Co. | 0.59% | 17,970 | $5.9M | Add +1.1% |
| MGRC McGrath Rentcorp | 0.59% | 48,418 | $5.9M | Add +82.7% |
| SD Sandridge Energy Inc. | 0.57% | 414,700 | $5.7M | Add +1.8% |
| SNEX Stonex Group Inc. | 0.57% | 47,453 | $5.6M | New |
| DFH Dream Finders Homes Inc. Class A | 0.56% | 321,182 | $5.5M | Reduce -5.0% |
| NNI Nelnet Inc. Class A | 0.53% | 39,800 | $5.3M | Reduce -3.4% |
| RUSHA Rush Enterprises Inc. Class A | 0.52% | 70,785 | $5.2M | Reduce -39.5% |
| CMRE Costamare Inc. | 0.52% | 368,177 | $5.2M | Reduce -5.8% |
| ORCL Oracle Corp. | 0.52% | 35,136 | $5.1M | Add +0.2% |
| OFG Ofg Bancorp | 0.52% | 104,300 | $5.1M | Add +1348.6% |
| TTAM Titan America SA | 0.51% | 268,860 | $5.0M | Add +109.8% |
| MAIN Main Street Capital Corp. | 0.50% | 95,591 | $5.0M | Reduce -5.8% |
| MA Mastercard Inc. Class A | 0.50% | 9,573 | $4.9M | Add +0.3% |
| SAFE Safehold Inc. | 0.49% | 309,600 | $4.9M | No change |
| CVX Chevron Corp. | 0.49% | 29,292 | $4.9M | Add +53.7% |
| NHC National Healthcare Corp. | 0.49% | 22,900 | $4.8M | Add +74.8% |
| AMLP Alerian MLP ETF | 0.48% | 92,633 | $4.8M | Reduce -1.9% |
| SAH Sonic Automotive Inc. Class A | 0.48% | 56,600 | $4.8M | New |
| BKE The Buckle Inc. | 0.48% | 112,500 | $4.7M | Reduce -3.5% |
| OBDC Blue Owl Capital Corp. | 0.47% | 429,166 | $4.7M | Reduce -6.7% |
| BXSL Blackstone Secured Lending F | 0.46% | 191,023 | $4.5M | Reduce -6.4% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 0.45% | 399,989 | $4.5M | Reduce -1.1% |
| IMKTA Ingles Markets Inc. Class A | 0.45% | 50,300 | $4.5M | Reduce -48.0% |
| GBDC Golub Capital BDC Inc. | 0.44% | 342,960 | $4.4M | Reduce -6.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 8,710 | $4.4M | No change |
| KOP Koppers Holdings Inc. | 0.43% | 96,092 | $4.3M | Add +74.8% |
| CASH Pathward Financial Inc. | 0.42% | 48,370 | $4.2M | No change |
| MATX Matson Inc. | 0.41% | 21,250 | $4.1M | New |
| PLTR Palantir Technologies Inc. Class A | 0.40% | 34,245 | $4.0M | Reduce -36.2% |
| JCI Johnson Controls Internation | 0.40% | 27,000 | $3.9M | New |
| UFPI Ufp Industries Inc. | 0.38% | 41,878 | $3.8M | New |
| FFBC First Financial Bancorp filed as 1ST FINL BANCORP | 0.36% | 105,700 | $3.6M | Reduce -62.3% |
| LADR Ladder Capital Corp.-REIT | 0.35% | 353,900 | $3.5M | Reduce -26.6% |
| HTGC Hercules Capital Inc. | 0.33% | 210,633 | $3.3M | Reduce -6.1% |
| PLTK Playtika Holding Corp. | 0.33% | 885,354 | $3.3M | Reduce -38.0% |
| HRMY Harmony Biosciences Holdings | 0.33% | 89,600 | $3.3M | Add +49.6% |
| ATKR Atkore Inc. | 0.33% | 42,900 | $3.3M | Reduce -22.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 6,736 | $3.2M | Reduce -5.4% |
| DOLE Dole PLC | 0.32% | 231,300 | $3.2M | Reduce -29.7% |
| FTI Technipfmc PLC | 0.31% | 46,564 | $3.1M | Add +40.0% |
| PRG Prog Holdings Inc. | 0.30% | 63,164 | $2.9M | Reduce -42.9% |
| CENTA Central Garden and Pet Co. Class A | 0.29% | 73,400 | $2.8M | Add +140.7% |
| FLOC Flowco Holdings Inc. Class A | 0.28% | 131,433 | $2.8M | Add +108.8% |
Portfolio Sells Q1 2026 → Q2 2026
| NOG Northern Oil and Gas Inc. | Sold out | 0.00% | −0.93 |
| MSFT Microsoft Corp. | Reduce -17.7% | 2.15% | −0.71 |
| STBA S & T Bancorp Inc. | Sold out | 0.00% | −0.71 |
| SM SM Energy Co. | Sold out | 0.00% | −0.70 |
| IMKTA Ingles Markets Inc. Class A | Reduce -48.0% | 0.45% | −0.52 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.52 |
| FFBC First Financial Bancorp | Reduce -62.3% | 0.36% | −0.51 |
| T AT&T Inc. | Reduce -12.0% | 0.65% | −0.49 |
| SEM Select Medical Holdings Corp. | Sold out | 0.00% | −0.48 |
| PLTR Palantir Technologies Inc. Class A | Reduce -36.2% | 0.40% | −0.47 |
| HD Home Depot Inc. | Reduce -71.4% | 0.17% | −0.44 |
| PLAB Photronics Inc. | Reduce -59.3% | 0.17% | −0.41 |
| AAPL Apple Inc. | Reduce -14.5% | 2.95% | −0.39 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −0.39 |
| ALX Alexander's Inc. | Reduce -59.8% | 0.26% | −0.35 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -39.5% | 0.52% | −0.34 |
| SB Safe Bulkers Inc. | Reduce -88.6% | 0.04% | −0.32 |
| AEM Agnico Eagle Mines Ltd. | Reduce -1.0% | 0.61% | −0.28 |
| SRCE 1ST Source Corp. | Reduce -32.4% | 0.66% | −0.26 |
| AMZN Amazon.com Inc. | Reduce -15.6% | 1.65% | −0.24 |
| KGC Kinross Gold Corp. | Reduce -35.0% | 0.20% | −0.23 |
| META Meta Platforms Inc. Class A | Reduce -4.7% | 1.29% | −0.23 |
| LNG Cheniere Energy Inc. | Reduce -78.8% | 0.04% | −0.23 |
| CMRE Costamare Inc. | Reduce -5.8% | 0.52% | −0.21 |
| DOLE Dole PLC | Reduce -29.7% | 0.32% | −0.20 |
| GIC Global Industrial Co. | Sold out | 0.00% | −0.20 |
| TNK Teekay Tankers Ltd. Class A | Reduce -5.2% | 0.62% | −0.20 |
| COST Costco Wholesale Corp. | Reduce -6.6% | 0.76% | −0.20 |
| FIZZ National Beverage Corp. | Reduce -5.7% | 0.70% | −0.18 |
| RBCAA Republic Bancorp Inc. Class A | Sold out | 0.00% | −0.18 |
| BKE The Buckle Inc. | Reduce -3.5% | 0.48% | −0.17 |
| BTU Peabody Energy Corp. | Sold out | 0.00% | −0.17 |
| LADR Ladder Capital Corp.-REIT | Reduce -26.6% | 0.35% | −0.17 |
| TGLS Tecnoglass Holdings Inc. | Reduce -43.4% | 0.19% | −0.16 |
| SCSC Scansource Inc. | Reduce -71.3% | 0.09% | −0.16 |
| CF CF Industries Holdings Inc. | Reduce -69.3% | 0.04% | −0.13 |
| MCD McDonald's Corp. | Reduce -51.1% | 0.08% | −0.13 |
| BG Bunge Global SA | Reduce -69.4% | 0.04% | −0.13 |
| KODK Eastman Kodak Co. | Sold out | 0.00% | −0.13 |
| GBX Greenbrier Companies Inc. | Reduce -0.3% | 0.65% | −0.12 |
| MBC Masterbrand Inc. | Reduce -76.4% | 0.04% | −0.11 |
| TK Teekay Corp. Ltd. | Reduce -5.2% | 0.27% | −0.11 |
| PLTK Playtika Holding Corp. | Reduce -38.0% | 0.33% | −0.11 |
| APTV Aptiv PLC | Sold out | 0.00% | −0.11 |
| SIGA Siga Technologies Inc. | Reduce -5.1% | 0.15% | −0.11 |
| OTTR Otter Tail Corp. | Reduce -5.3% | 0.77% | −0.11 |
| CBT Cabot Corp. | Reduce -18.9% | 0.79% | −0.10 |
| MAIN Main Street Capital Corp. | Reduce -5.8% | 0.50% | −0.10 |
| OBDC Blue Owl Capital Corp. | Reduce -6.7% | 0.47% | −0.10 |
| ARCC Ares Capital Corp. | Reduce -6.1% | 0.66% | −0.09 |
Portfolio Buys Q1 2026 → Q2 2026
| AMD Advanced Micro Devices | New | 1.08% | +1.08 |
| AMAT Applied Materials Inc. | Add +222.1% | 1.07% | +0.89 |
| LRCX Lam Research Corp. | New | 0.88% | +0.88 |
| GOOG Alphabet Inc. Class C | Add +14.8% | 3.77% | +0.83 |
| MU Micron Technology Inc. | New | 0.74% | +0.74 |
| REPX Riley Exploration Permian Inc. | Add +1524.2% | 0.76% | +0.70 |
| LLY Eli Lilly & Co. | Add +39.0% | 1.56% | +0.61 |
| SNEX Stonex Group Inc. | New | 0.57% | +0.57 |
| MCY Mercury General Corp. | Add +113.4% | 0.88% | +0.50 |
| SAH Sonic Automotive Inc. Class A | New | 0.48% | +0.48 |
| OFG Ofg Bancorp | Add +1348.6% | 0.52% | +0.48 |
| CAT Caterpillar Inc. | Add +13.8% | 1.18% | +0.42 |
| MATX Matson Inc. | New | 0.41% | +0.41 |
| JCI Johnson Controls Internation | New | 0.40% | +0.40 |
| INSW International Seaways Inc. | Add +160.3% | 0.65% | +0.39 |
| UFPI Ufp Industries Inc. | New | 0.38% | +0.38 |
| PANW Palo Alto Networks Inc. | Add +0.4% | 0.73% | +0.35 |
| TTAM Titan America SA | Add +109.8% | 0.51% | +0.29 |
| MGRC McGrath Rentcorp | Add +82.7% | 0.59% | +0.27 |
| UE Urban Edge Properties | New | 0.26% | +0.26 |
| NHC National Healthcare Corp. | Add +74.8% | 0.49% | +0.25 |
| AX Axos Financial Inc. | New | 0.24% | +0.24 |
| PLGO Pelagos Insurance Capital LT | New | 0.22% | +0.22 |
| NSIT Insight Enterprises Inc. | New | 0.22% | +0.22 |
| EIX Edison International | New | 0.22% | +0.22 |
| CON Concentra Group Holdings Par | New | 0.20% | +0.20 |
| ATLC Atlanticus Holdings Corp. | New | 0.20% | +0.20 |
| KOP Koppers Holdings Inc. | Add +74.8% | 0.43% | +0.20 |
| CNXN PC Connection Inc. | Add +19.1% | 0.73% | +0.19 |
| MHO M/I Homes Inc. | Add +3.5% | 0.99% | +0.19 |
| NVDA Nvidia Corp. | Add +0.4% | 4.42% | +0.18 |
| AMPH Amphastar Pharmaceuticals Inc. | Add +41.1% | 0.76% | +0.18 |
| CENTA Central Garden and Pet Co. Class A | Add +140.7% | 0.29% | +0.18 |
| HLF Herbalife Ltd. | New | 0.17% | +0.17 |
| SKYW Skywest Inc. | New | 0.17% | +0.17 |
| RDN Radian Group Inc. | Add +671.4% | 0.18% | +0.16 |
| HRMY Harmony Biosciences Holdings | Add +49.6% | 0.33% | +0.14 |
| FLOC Flowco Holdings Inc. Class A | Add +108.8% | 0.28% | +0.14 |
| ZGN Ermenegildo Zegna NV | New | 0.13% | +0.13 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.12% | +0.12 |
| BY Byline Bancorp Inc. | Add +10.8% | 0.70% | +0.12 |
| ABG Asbury Automotive Group | Add +25.9% | 0.77% | +0.11 |
| SHOE Shoe Station Group Inc. | New | 0.11% | +0.11 |
| ED Consolidated Edison Inc. | New | 0.10% | +0.10 |
| AMP Ameriprise Financial Inc. | Add +173.0% | 0.14% | +0.08 |
| PAHC Phibro Animal Health Corp. Class A | Add +259.1% | 0.18% | +0.08 |
| GEV GE Vernova Inc. | New | 0.08% | +0.08 |
| ALL Allstate Corp. | Add +134.1% | 0.13% | +0.08 |
| UVE Universal Insurance Holdings | New | 0.07% | +0.07 |
| VICI Vici Properties Inc. | Add +88.3% | 0.18% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 318 | $993.0M | NVDA, GOOG, AAPL, MSFT, AMZN |
| Q1 2026 | 307 | $899.7M | NVDA, AAPL, GOOG, MSFT, AMZN |
| Q4 2025 | 321 | $901.0M | NVDA, MSFT, AAPL, GOOG, AMZN |
| Q3 2025 | 297 | $885.1M | NVDA, MSFT, AAPL, GOOG, AMZN |
| Q2 2025 | 288 | $960.1M | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 274 | $878.6M | MSFT, AAPL, NVDA, AMZN, META |
| Q4 2024 | 271 | $954.0M | MSFT, AAPL, NVDA, AMZN, GOOG |
| Q3 2024 | 271 | $930.7M | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q2 2024 | 175 | $365.4M | INVA, CMRE, ACT, JXN, FRME |
| Q1 2024 | 450 | $339.6M | JXN, GPOR, BXC, VCTR, RUSHA |