1y return+15.0%S&P 500 +20.9%
3y return+48.8%S&P 500 +68.5%
5y return+47.8%S&P 500 +74.5%
10y return+145.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $246 against $357 in the S&P 500.2
Denali Advisors LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $43.9M | 4.4% | |
| GOOGAlphabet Inc | $37.4M | 3.8% | +14.8% |
| AAPLApple Inc | $29.3M | 3.0% | −14.5% |
| MSFTMicrosoft Corp | $21.4M | 2.2% | −17.7% |
| AMZNAmazon Com Inc | $16.4M | 1.7% | −15.6% |
| LLYEli Lilly & Co | $15.5M | 1.6% | +39.0% |
| AVGOBroadcom Inc | $15.5M | 1.6% | |
| METAMeta Platforms Inc | $12.8M | 1.3% | −4.7% |
| CATCaterpillar Inc | $11.8M | 1.2% | +13.8% |
| AMDAdvanced Micro Devices Inc | $10.7M | 1.1% | New |
| Flex LtdCUSIP Y2573F102 | $10.7M | 1.1% | −2.0% |
| AMATApplied Matls Inc | $10.6M | 1.1% | +222.0% |
| MHOM/i Homes Inc | $9.9M | 1.0% | +3.5% |
| WMTWalmart Inc | $9.4M | 0.9% | |
| CAHCardinal Health Inc | $9.4M | 0.9% | |
| TSLATesla Inc | $9.3M | 0.9% | |
| FORForestar Group Inc | $9.3M | 0.9% | |
| EFSCEnterprise Finl Svcs Corp | $8.9M | 0.9% | −4.0% |
| CCSIConsensus Cloud Solutions In | $8.8M | 0.9% | −13.6% |
| WLFCWillis Lease Fin Corp | $8.8M | 0.9% | −6.1% |
| MBINMerchants Bancorp Ind | $8.7M | 0.9% | −10.3% |
| LRCXLam Research Corp | $8.7M | 0.9% | New |
| GRBKGreen Brick Partners Inc | $8.7M | 0.9% | −5.1% |
| CATYCathay Gen Bancorp | $8.7M | 0.9% | −11.8% |
| MCYMercury Genl Corp New | $8.7M | 0.9% | +113.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Flex LtdCUSIP Y2573F102 | December 31, 2024 | +322.2% | $10.7M |
| AMATApplied Matls Inc | September 30, 2024 | +257.8% | $10.6M |
| CATCaterpillar Inc | September 30, 2024 | +172.3% | $11.8M |
| MBINMerchants Bancorp Ind | June 30, 2020 | +170.4% | $8.7M |
| Bank Of N T Butterfield & SoCUSIP G0772R208 | June 30, 2020 | +143.9% | $8.3M |
| CCSIConsensus Cloud Solutions In | June 30, 2024 | +122.1% | $8.8M |
| AVGOBroadcom Inc | September 30, 2024 | +119.0% | $15.5M |
| GEFGreif Inc | June 30, 2020 | +116.5% | $8.2M |
| GOOGAlphabet Inc | September 30, 2024 | +111.3% | $37.4M |
| FORForestar Group Inc | June 30, 2020 | +109.9% | $9.3M |
Sold off last quarter
- NOGNorthern Oil & Gas Inc was $8.3M
- STBAS & T Bancorp Inc was $6.3M
- SMSm Energy Company was $6.3M
- HOODRobinhood Mkts Inc was $4.6M
- Select Med Hldgs CorpCUSIP 81619Q105 was $4.3M
- PRIMPrimoris Svcs Corp was $3.5M
- GICGlobal Industrial Company was $1.8M
- RBCAARepublic Bancorp Inc Ky was $1.6M
- BTUPeabody Engr Corp was $1.5M
- KODKEastman Kodak Co was $1.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.6% | +14.8% |
| March 31, 2026 | +0.1% | −4.6% |
| December 31, 2025 | −1.5% | +2.4% |
| September 30, 2025 | +7.3% | +7.8% |
| June 30, 2025 | +9.5% | +10.5% |
| March 31, 2025 | −6.5% | −4.6% |
| December 31, 2024 | −0.3% | +2.1% |
| September 30, 2024 | +8.9% | +5.4% |
| June 30, 2024 | −4.4% | +4.0% |
| March 31, 2024 | +4.1% | +10.0% |
| December 31, 2023 | +17.1% | +11.2% |
| September 30, 2023 | −0.1% | −3.6% |
| June 30, 2023 | +4.1% | +8.3% |
| March 31, 2023 | +1.0% | +7.0% |
| December 31, 2022 | +11.8% | +7.1% |
| September 30, 2022 | −8.0% | −5.3% |
| June 30, 2022 | −10.9% | −16.5% |
| March 31, 2022 | −3.9% | −4.9% |
| December 31, 2021 | +7.2% | +10.7% |
| September 30, 2021 | +0.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Denali Advisors LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1142941&type=13F-HR&dateb=&owner=include&count=40CIK 1142941
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1142941/000139834426013946/Filed August 10, 2026 · accession 0001398344-26-013946