0001142941-13-000003.txt : 20130416 0001142941-13-000003.hdr.sgml : 20130416 20130415201310 ACCESSION NUMBER: 0001142941-13-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130416 DATE AS OF CHANGE: 20130415 EFFECTIVENESS DATE: 20130416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DENALI ADVISORS LLC CENTRAL INDEX KEY: 0001142941 IRS NUMBER: 330957285 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10130 FILM NUMBER: 13762456 BUSINESS ADDRESS: STREET 1: 4275 EXECUTIVE SQUARE STREET 2: SUITE 650 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: 8585583600 MAIL ADDRESS: STREET 1: 4275 EXECUTIVE SQUARE STREET 2: SUITE 650 CITY: LA JOLLA STATE: CA ZIP: 92037 13F-HR 1 report20130331.txt 13F-03312013 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13 (F) COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2013 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Denali Advisors, LLC Address: 5075 Shoreham Place , Suite 270 San Diego, CA 92122 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Anne Erickson Title: Chief Compliance Officer Phone: 858-320-4165 Signature, Place, and Date of Signing: /s/ Anne Erickson San Diego, CA April 15, 2013 ------------------- ------------------ -------------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ x ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 202 Form 13F Information Table Value Total: $622725 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- A.O. Smith Corp. COM 831865209 206 2800 SH SOLE 2800 0 0 ACE Limited COM H0023R105 8799 98900 SH SOLE 24700 0 74200 Activision Blizzard, Inc. COM 00507V109 309 21200 SH SOLE 21200 0 0 Advance Auto Parts Inc COM 00751Y106 83 1000 SH SOLE 1000 0 0 Aecom Technology Corp. COM 00766T100 699 21300 SH SOLE 21300 0 0 Aegerion Pharmaceuticals, Inc. COM 00767E102 113 2800 SH SOLE 2800 0 0 Alleghany Corp COM 017175100 752 1900 SH SOLE 800 0 1100 Allied World Assurance Co. COM H01531104 4043 43600 SH SOLE 12300 0 31300 American Capital, Ltd. COM 02503Y103 6927 474800 SH SOLE 101900 0 372900 American Financial Group COM 025932104 1843 38900 SH SOLE 24400 0 14500 American Intl Group, Inc. COM 026874784 3905 100600 SH SOLE 27300 0 73300 American Water Works COM 030420103 2557 61700 SH SOLE 11000 0 50700 Ameriprise Financial, Inc. COM 03076C106 854 11600 SH SOLE 700 0 10900 AmerisourceBergen Corp COM 03073E105 12461 242200 SH SOLE 57200 0 185000 Apple Inc. COM 037833100 1217 2750 SH SOLE 800 0 1950 Arch Capital Group Ltd. COM G0450A105 3538 67300 SH SOLE 28700 0 38600 Archer Daniels Midland COM 039483102 6233 184800 SH SOLE 40900 0 143900 Arctic Cat Inc. COM 039670104 135 3100 SH SOLE 3100 0 0 Ares Capital Corp COM 04010L103 3893 215100 SH SOLE 61200 0 153900 Arrow Electronics Inc COM 042735100 10058 247600 SH SOLE 101500 0 146100 Asbury Automotive Group COM 043436104 176 4800 SH SOLE 4800 0 0 Ashland Inc. COM 044209104 1085 14600 SH SOLE 5000 0 9600 Assurant Inc. COM 04621X108 2156 47900 SH SOLE 13200 0 34700 AutoNation Inc. COM 05329W102 1496 34200 SH SOLE 11500 0 22700 Avery Dennison Corp. COM 053611109 95 2200 SH SOLE 2200 0 0 Avis Budget Group, Inc. COM 053774105 1625 58400 SH SOLE 16600 0 41800 Avnet Inc COM 053807103 13571 374900 SH SOLE 152300 0 222600 Axiall Corporation COM 05463D100 3717 59800 SH SOLE 14900 0 44900 Axis Capital Holdings Ltd COM G0692U109 1727 41500 SH SOLE 5100 0 36400 BOK Financial Corp. COM 05561Q201 449 7200 SH SOLE 2000 0 5200 Bank of America Corp COM 060505104 244 20000 SH SOLE 0 0 20000 Becton Dickinson & Co. COM 075887109 5842 61100 SH SOLE 22300 0 38800 Berkshire Hathaway cl B COM 084670702 656 6300 SH SOLE 1800 0 4500 Best Buy Co., Inc. COM 086516101 115 5200 SH SOLE 5200 0 0 Briggs & Stratton Corp. COM 109043109 270 10900 SH SOLE 10900 0 0 Brown-Forman cl B COM 115637209 193 2700 SH SOLE 2700 0 0 Bunge Limited COM G16962105 16863 228400 SH SOLE 61700 0 166700 CA, Inc. COM 12673P105 1350 53600 SH SOLE 24800 0 28800 CACI International, Inc. COM 127190304 104 1800 SH SOLE 1800 0 0 CIGNA Corporation COM 125509109 10890 174600 SH SOLE 48800 0 125800 CMS Energy Corp COM 125896100 2132 76300 SH SOLE 0 0 76300 CNH Global N.V. COM N20935206 16491 399100 SH SOLE 102200 0 296900 Cabot Corporation COM 127055101 400 11700 SH SOLE 3300 0 8400 Cadence Design Systems, Inc. COM 127387108 706 50700 SH SOLE 50700 0 0 Cardinal Health Inc. COM 14149Y108 8944 214900 SH SOLE 79500 0 135400 Chevron Corp COM 166764100 8603 72400 SH SOLE 8300 0 64100 Chubb Corp COM 171232101 8683 99200 SH SOLE 27900 0 71300 Cimarex Energy Co COM 171798101 264 3500 SH SOLE 3500 0 0 Cirrus Logic Inc. COM 172755100 96 4200 SH SOLE 4200 0 0 Community Health Systems COM 203668108 318 6700 SH SOLE 6700 0 0 ConocoPhillips COM 20825C104 3660 60900 SH SOLE 24000 0 36900 Continental Resources, Inc. COM 212015101 217 2500 SH SOLE 2500 0 0 Copa Holdings cl A COM P31076105 1304 10900 SH SOLE 3100 0 7800 Cornerstone OnDemand Inc. COM 21925Y103 164 4800 SH SOLE 4800 0 0 Corning Inc. COM 219350105 8026 602100 SH SOLE 218700 0 383400 Cracker Barrel Old Cntry Store COM 22410J106 178 2200 SH SOLE 2200 0 0 Crimson Wine Group Ltd COM 22662X100 198 21260 SH SOLE 7430 0 13830 DISH Network Corp Cl A COM 25470M109 1865 49200 SH SOLE 19400 0 29800 DST Systems Inc. COM 233326107 50 700 SH SOLE 700 0 0 DTE Energy Company COM 233331107 697 10200 SH SOLE 900 0 9300 Diamond Offshore Drilling Inc. COM 25271C102 3861 55500 SH SOLE 21300 0 34200 Dillards Inc cl A COM 254067101 2176 27700 SH SOLE 6900 0 20800 Discover Financial Services COM 254709108 8112 180900 SH SOLE 46500 0 134400 Discovery Communications A COM 25470F104 18362 233200 SH SOLE 67400 0 165800 Dolby Laboratories Inc. COM 25659T107 67 2000 SH SOLE 2000 0 0 Domtar Corp. COM 257559203 2259 29100 SH SOLE 6500 0 22600 Edison International COM 281020107 654 13000 SH SOLE 13000 0 0 Entergy Corp COM 29364G103 8651 136800 SH SOLE 55100 0 81700 Everest Re Group Ltd COM G3223R108 2753 21200 SH SOLE 800 0 20400 Exelis Inc. COM 30162A108 1997 183400 SH SOLE 47600 0 135800 Exxon Mobil Corporation COM 30231G102 7749 86000 SH SOLE 22000 0 64000 Fifth Third Bancorp COM 316773100 7494 459500 SH SOLE 80400 0 379100 First Horizon National Corp COM 320517105 309 28900 SH SOLE 1800 0 27100 First Niagara Financial Group COM 33582V108 3297 372100 SH SOLE 94300 0 277800 First Republic Bank COM 33616C100 3568 92400 SH SOLE 21500 0 70900 Ford Motor Company COM 345370860 5710 434200 SH SOLE 112800 0 321400 Franklin Resources, Inc. COM 354613101 6832 45300 SH SOLE 15100 0 30200 Gannett Co. Inc. COM 364730101 8606 393500 SH SOLE 123800 0 269700 General Dynamics Corp. COM 369550108 9646 136800 SH SOLE 38800 0 98000 General Electric Co COM 369604103 6744 291700 SH SOLE 42900 0 248800 Genuine Parts Company COM 372460105 11209 143700 SH SOLE 32600 0 111100 Google Inc COM 38259P508 238 300 SH SOLE 300 0 0 Great Plains Energy Inc COM 391164100 114 4900 SH SOLE 4900 0 0 HCA Holdings Inc. COM 40412C101 5379 132400 SH SOLE 41500 0 90900 Harris Corporation COM 413875105 232 5000 SH SOLE 5000 0 0 Harris Teeter Supermarkets Inc COM 414585109 606 14200 SH SOLE 900 0 13300 Hatteras Financial Corp. COM 41902R103 1607 58600 SH SOLE 21000 0 37600 Henry Schein Inc. COM 806407102 231 2500 SH SOLE 2500 0 0 Hess Corporation COM 42809H107 64 900 SH SOLE 400 0 500 Hologic Inc. COM 436440101 102 4500 SH SOLE 4500 0 0 Hormel Foods Corp COM 440452100 1347 32600 SH SOLE 32600 0 0 Hubbell Inc cl B COM 443510201 689 7100 SH SOLE 500 0 6600 Humana Inc. COM 444859102 3075 44500 SH SOLE 10000 0 34500 IAC/InterActiveCorp COM 44919P508 94 2100 SH SOLE 2100 0 0 Ingersoll-Rand Co. COM G47791101 1051 19100 SH SOLE 6100 0 13000 Ingram Micro Inc. COM 457153104 5867 298100 SH SOLE 69000 0 229100 Ingredion Incorporated COM 457187102 2481 34300 SH SOLE 8300 0 26000 Invesco Mortgage Capital Inc. COM 46131B100 753 35200 SH SOLE 35200 0 0 JPMorgan Chase & Co COM 46625H100 10721 225900 SH SOLE 76800 0 149100 Jacobs Engineering Group COM 469814107 501 8900 SH SOLE 2400 0 6500 John Wiley & Sons cl A COM 968223206 234 6000 SH SOLE 300 0 5700 Jones Lang LaSalle Inc COM 48020Q107 229 2300 SH SOLE 2300 0 0 Kroger Company COM 501044101 10081 304200 SH SOLE 75100 0 229100 Kronos Worldwide Inc. COM 50105F105 438 28000 SH SOLE 7800 0 20200 L-3 Communications COM 502424104 7089 87600 SH SOLE 29500 0 58100 Lear Corporation COM 521865204 5641 102800 SH SOLE 30200 0 72600 Leucadia National Corp. COM 527288104 5269 192100 SH SOLE 49600 0 142500 Lincoln National Corp COM 534187109 11202 343500 SH SOLE 91200 0 252300 Lithia Motors Inc. COM 536797103 2099 44200 SH SOLE 7600 0 36600 Lockheed Martin Corp. COM 539830109 1728 17900 SH SOLE 7600 0 10300 Loews Corp COM 540424108 10339 234600 SH SOLE 83100 0 151500 M/I Homes, Inc. COM 55305B101 186 7600 SH SOLE 7600 0 0 MDC Holdings Inc COM 552676108 246 6700 SH SOLE 6700 0 0 MFA Financial, Inc. COM 55272X102 2072 222300 SH SOLE 59200 0 163100 Macy's Inc. COM 55616P104 665 15900 SH SOLE 6700 0 9200 Marathon Oil Corp COM 565849106 212 6300 SH SOLE 6300 0 0 Marathon Petroleum Corp COM 56585A102 16352 182500 SH SOLE 53600 0 128900 McKesson Corp COM 58155Q103 5452 50500 SH SOLE 18000 0 32500 Medtronic Inc. COM 585055106 75 1600 SH SOLE 0 0 1600 MetLife, Inc. COM 59156R108 3159 83100 SH SOLE 0 0 83100 Molson Coors Brewing Co. COM 60871R209 5705 116600 SH SOLE 37800 0 78800 Mosaic Co. (The) COM 61945C103 30 500 SH SOLE 200 0 300 Mylan Inc. COM 628530107 2235 77200 SH SOLE 20600 0 56600 National Retail Properties COM 637417106 152 4200 SH SOLE 4200 0 0 New York Cmnty Bancorp COM 649445103 478 33300 SH SOLE 8800 0 24500 NextEra Energy, Inc. COM 65339F101 3558 45800 SH SOLE 20500 0 25300 Northrop Grumman Corp COM 666807102 8685 123800 SH SOLE 26100 0 97700 Nu Skin Enterprises Inc. COM 67018T105 707 16000 SH SOLE 8000 0 8000 Ocwen Financial Corp COM 675746309 220 5800 SH SOLE 5800 0 0 Omnicare Inc COM 681904108 578 14200 SH SOLE 5400 0 8800 Oshkosh Corporation COM 688239201 7168 168700 SH SOLE 51500 0 117200 PNC Financial Services COM 693475105 7554 113600 SH SOLE 26400 0 87200 PNM Resources, Inc. COM 69349H107 533 22900 SH SOLE 1400 0 21500 PartnerRe Ltd. COM G6852T105 3762 40400 SH SOLE 9700 0 30700 Pennymac Mortgage Invsmt Tr COM 70931T103 406 15700 SH SOLE 15700 0 0 PetSmart Inc. COM 716768106 2391 38500 SH SOLE 11500 0 27000 Phillips 66 COM 718546104 5374 76800 SH SOLE 22800 0 54000 Pitney Bowes Inc. COM 724479100 1498 100800 SH SOLE 37700 0 63100 Popular Inc. COM 733174700 1742 63100 SH SOLE 36100 0 27000 Principal Financial Group COM 74251V102 2971 87300 SH SOLE 23100 0 64200 Protective Life Corp. COM 743674103 1038 29000 SH SOLE 5800 0 23200 Prudential Financial Inc COM 744320102 9067 153700 SH SOLE 44900 0 108800 Public Service Enterprise Grp COM 744573106 1827 53200 SH SOLE 18000 0 35200 PulteGroup, Inc. COM 745867101 235 11600 SH SOLE 11600 0 0 QEP Resources, Inc. COM 74733V100 70 2200 SH SOLE 2200 0 0 RPM International, Inc. COM 749685103 332 10500 SH SOLE 10500 0 0 Raytheon Company COM 755111507 2675 45500 SH SOLE 16000 0 29500 Reinsurance Group of America COM 759351604 6068 101700 SH SOLE 31200 0 70500 Reliance Steel & Aluminum COM 759509102 157 2200 SH SOLE 2200 0 0 Renaissance Re Hldgs COM G7496G103 5611 61000 SH SOLE 11500 0 49500 Reynolds American Inc COM 761713106 7332 164800 SH SOLE 90300 0 74500 Roper Industries Inc. COM 776696106 140 1100 SH SOLE 1100 0 0 Ryland Group Inc. COM 783764103 158 3800 SH SOLE 3800 0 0 Scana Corporation COM 80589M102 1274 24900 SH SOLE 6900 0 18000 Scholastic Corporation COM 807066105 728 27300 SH SOLE 4800 0 22500 Silver Bay Realty Trust Corp. COM 82735Q102 26 1239 SH SOLE 1239 0 0 Skechers U.S.A. Inc. COM 830566105 283 13400 SH SOLE 13400 0 0 Smithfield Foods Inc COM 832248108 2452 92600 SH SOLE 17400 0 75200 Snap-On Inc. COM 833034101 99 1200 SH SOLE 1200 0 0 Sonic Automotive, Inc. COM 83545G102 266 12000 SH SOLE 12000 0 0 Southern Company COM 842587107 3749 79900 SH SOLE 16600 0 63300 Southern Copper Corp. COM 84265V105 2577 68600 SH SOLE 33900 0 34700 Spectrum Brands Holdings, Inc. COM 84763R101 458 8100 SH SOLE 500 0 7600 Spirit Airlines, Inc. COM 848577102 741 29200 SH SOLE 12800 0 16400 Starwood Property Trust, Inc. COM 85571B105 730 26300 SH SOLE 26300 0 0 Starz Series A Liberty Capital COM 85571Q102 862 38900 SH SOLE 5300 0 33600 State Street Corp COM 857477103 1601 27100 SH SOLE 2800 0 24300 Synnex Corp COM 87162W100 2239 60500 SH SOLE 5900 0 54600 Synopsys Inc. COM 871607107 850 23700 SH SOLE 23700 0 0 TD Ameritrade Hldg Corp COM 87236Y108 136 6600 SH SOLE 6600 0 0 TJX Companies Inc. COM 872540109 164 3500 SH SOLE 3500 0 0 TRW Automotive Hldgs Corp. COM 87264S106 12815 233000 SH SOLE 70400 0 162600 Team Health Holdings, Inc COM 87817A107 990 27200 SH SOLE 6300 0 20900 Tech Data Corporation COM 878237106 2184 47900 SH SOLE 19400 0 28500 Tenet Healthcare Corp COM 88033G407 2155 45300 SH SOLE 11000 0 34300 Tesoro Corp COM 881609101 2717 46400 SH SOLE 6000 0 40400 The Travelers Companies COM 89417E109 5531 65700 SH SOLE 17900 0 47800 Time Warner Cable COM 88732J207 6705 69800 SH SOLE 17600 0 52200 Timken Company COM 887389104 3157 55800 SH SOLE 13600 0 42200 Towers Watson & Co Cl A COM 891894107 1629 23500 SH SOLE 6700 0 16800 Two Harbors Investment Corp. COM 90187B101 319 25300 SH SOLE 25300 0 0 Tyson Foods Inc COM 902494103 6011 242200 SH SOLE 63600 0 178600 UGI Corporation COM 902681105 319 8300 SH SOLE 8300 0 0 US Airways Group, Inc. COM 90341W108 2274 134000 SH SOLE 16100 0 117900 USG Corporation COM 903293405 286 10800 SH SOLE 700 0 10100 Universal Corporation COM 913456109 375 6700 SH SOLE 6700 0 0 Universal Health Services COM 913903100 581 9100 SH SOLE 2500 0 6600 Valero Energy Corp. COM 91913Y100 400 8800 SH SOLE 0 0 8800 Validus Holdings, Ltd. COM G9319H102 673 18000 SH SOLE 7000 0 11000 Vishay Intertechnology Inc. COM 928298108 105 7700 SH SOLE 7700 0 0 Visteon Corp COM 92839U206 421 7300 SH SOLE 600 0 6700 Wabtec Corporation COM 929740108 174 1700 SH SOLE 1700 0 0 Wal-Mart Stores, Inc. COM 931142103 12714 169900 SH SOLE 58800 0 111100 Washington Post cl B COM 939640108 134 300 SH SOLE 300 0 0 Webster Financial Corp COM 947890109 422 17400 SH SOLE 5500 0 11900 WellPoint, Inc. COM 94973V107 12359 186600 SH SOLE 46200 0 140400 Wells Fargo & Co COM 949746101 762 20600 SH SOLE 5600 0 15000 Western Digital Corp. COM 958102105 875 17400 SH SOLE 0 0 17400 Western Refining, Inc. COM 959319104 188 5300 SH SOLE 5300 0 0 Wyndham Worldwide Corp COM 98310W108 219 3400 SH SOLE 3400 0 0 Xcel Energy Inc COM 98389B100 1054 35500 SH SOLE 10800 0 24700 Xerox Corporation COM 984121103 2270 263900 SH SOLE 99500 0 164400