Denali Advisors LLC Q2 2023 vs. Q3 2023: Analyzing Changes in Fund Holdings

In the fast-paced world of finance, monitoring the movements and changes in fund holdings is crucial for investors and financial institutions. One way to gain insights into these changes is through the SEC's Form 13F filings, which reveal the holdings of institutional investors. Denali Advisors LLC, a respected investment firm, recently released its Q2 2023 and Q3 2023 13F holdings, showing some notable changes worth exploring.

PBF Energy Inc cl A (PBF):

In Q3 2023, Denali Advisors reduced its holdings in PBF Energy Inc cl A by 7.4%. Despite the decrease in the number of shares, the value slightly increased.

Golden Ocean Group (GOGL):

Denali Advisors significantly increased its holdings in Golden Ocean Group, acquiring 600,100 shares during Q3 2023. This move suggests confidence in the company's prospects and future growth.

Enova International, Inc. (ENVA):

Denali Advisors observed a minor decline of 1.1% in its holdings of Enova International, Inc. during Q3 2023. Despite the decrease, the value remained relatively stable.

PC Connection, Inc. (CNXN):

During Q3 2023, Denali Advisors decreased its holdings in PC Connection, Inc. by 5.3%. Despite the reduction in shares, the value slightly increased.

Innoviva, Inc. (INVA):

Denali Advisors experienced a significant increase of 23.3% in its holdings of Innoviva, Inc. during Q3 2023. This suggests optimism in the company's performance and potential future gains.

Victory Capital Holdings Inc (VCTR):

Denali Advisors increased its holdings in Victory Capital Holdings Inc by 12.1% in Q3 2023. This move indicates confidence in the company's growth and profitability.

Bluelinx Holdings (BXC):

Denali Advisors experienced a minor decline of 2.2% in its holdings of Bluelinx Holdings during Q3 2023. However, the value remained relatively stable.

Heartland Financial USA (HTLF):

Denali Advisors made a significant increase of 37.2% in its holdings of Heartland Financial USA during Q3 2023. This suggests a strong belief in the company's potential growth and future prospects.

Rush Enterprises Inc (RUSHA):

Denali Advisors reduced its holdings in Rush Enterprises Inc by 8% during Q3 2023. Despite the decrease in the number of shares, the value remained relatively stable.

Greif Inc Cl A (GEF):

Denali Advisors experienced a slight decline in its holdings of Greif Inc Cl A by 0.1% in Q3 2023. Although the change was minimal, it's worth noting the stability in the value of the shares.

Textainer Group Hldgs Ltd. (TGH):

Denali Advisors increased its holdings in Textainer Group Hldgs Ltd. by 2.4% during Q3 2023. This indicates a positive outlook on the company's performance and potential future gains.

Ingles Markets Cl A (IMKTA):

During Q3 2023, Denali Advisors increased its holdings in Ingles Markets Cl A by 5.3%. This move suggests confidence in the company's growth and profitability.

Bank of NT Butterfield LTD (NTB):

Denali Advisors observed a minor decline of 0.4% in its holdings of Bank of NT Butterfield LTD during Q3 2023. Despite the reduction in shares, the value remained relatively stable.

Essent Group (ESNT):

Denali Advisors experienced a slight increase of 1% in its holdings of Essent Group during Q3 2023. This suggests stability and confidence in the company's performance.

Costamare Inc (CMRE):

Denali Advisors decreased its holdings in Costamare Inc by 14.6% in Q3 2023. Despite the reduction in shares, the value remained relatively stable.

American Equity Investment (AEL):

Denali Advisors observed a significant decline of 18.1% in its holdings of American Equity Investment during Q3 2023. This suggests a change in the firm's perception of the company's prospects.

Perdoceo Education Corp (PRDO):

Denali Advisors increased its holdings in Perdoceo Education Corp by 23.4% during Q3 2023. This move suggests a positive outlook for the company's performance in the education sector.

Analyzing fund holdings provides valuable insights into the investment strategies and sentiments of institutional investors. While the changes in holdings can be significant, investors should approach them with caution and conduct further research before making any investment decisions.

Please note that the information provided in this article is based solely on the mentioned 13F holdings and should not be considered as financial advice. Always consult with a professional advisor or conduct thorough research before making any investment decisions.