Denali Advisors, LLC was founded by Robert Snigaroff and Michael Munson in 2001 to provide asset management and consultancy services. The firm is employee-owned with their ownership accounting for 72% of the firm. It provides its services to institutions, corporate bodies and foundations. Denali Advisors, LLC is currently the largest American owned asset management firm. Entergy Corporation (NYSE:ETR), CA, Inc. (NASDAQ:CA), and Partnerre Ltd (NYSE:PRE) are its primary stock holdings, according to its most recent SEC 13F filing submitted on October 10, 2014.
Entergy Corporation (NYSE:ETR) was the main investment of Denali Advisors with an investment worth $12.4 million at the end of the third quarter. Entergy Corp is a New Orleans based company specialized in production of electric power and retail distribution. The company owns and operates a total of 6 nuclear power plants that are located within the northern part of USA. The company’s second quarter earnings were a big improvement over what it posted in the same period last year. The earnings per share was $1.05 a share, compared to 92 cents a share in 2013. Some of the company’s subsidiaries are Louisiana Power and Light Company, New Orleans Public Service, Inc., Arkansas Power and Light Company and Mississippi Power and Light Company.
CA, Inc. (NASDAQ:CA) was the second largest investment of Denali Advisors with total investment worth $11.4 million at the end of the third quarter. The New York, USA, based company is one of the largest software corporations in world. The company develops software that enables companies to fully leverage their performance potential in the areas of planning, development, management, and security. On July 7th this year, CA, Inc. (NASDAQ:CA) announced to have entered into an agreement to divest its CA arcserve data protection business to the Marlin Equity Partners. Some of its subsidiaries include Sterling Software, Netegrity, ID Focus LLC, Concord Communications, and several others. The company’s main shareholders are Careal Holding AG, The Vanguard Group, Inc., BlackRock Fund Advisors, SSgA Funds Management, Inc.,Barrow, Hanley, and Mewhinney & Strauss LLC.
Partnerre Ltd (NYSE:PRE) was the third biggest investment of Denali Advisors with an investment worth $8.8 million at the end of the third quarter. The company is a leading international reinsurance group that provides reinsurance to insurance companies across the globe. It recently teamed up with MAMDA, Moroccan Insurer to launch a new Reinsurance company in Africa. The company’s top three shareholders are AllianceBernstein LP, The Vanguard Group, Inc., and Franklin Mutual Advisers LLC.
This article has been written by Victor Ochieng.
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