DONEGAL GROUP INC

Ticker: DGICA CUSIP: 257701201 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (55)

CANNELL CAPITAL LLC
Value ($000) $1,657 (+30.6%) Shares 82,939 (+26.8%)
ROYCE & ASSOCIATES LP
Value ($000) $3,394 (+600.1%) Shares 169,853 (+579.4%)
State of Wyoming
Value ($000) $508 (+97.4%) Shares 25,406 (+91.6%)
AlphaQuest LLC
Value ($000) $426 (+2418.8%) Shares 21,315 (+2344.4%)
Campbell & CO Investment Adviser LLC
Value ($000) $916 (+28.2%) Shares 45,865 (+24.4%)
LOS ANGELES CAPITAL MANAGEMENT LLC
Value ($000) $1,245 (+132.2%) Shares 67,726 (+145.0%)
GOLDMAN SACHS GROUP INC
Value ($000) $4,718 (+123.9%) Shares 236,124 (+117.3%)
AMERICAN CENTURY COMPANIES INC
Value ($000) $6,238 (+32.1%) Shares 312,220 (+28.2%)
Quantinno Capital Management LP
Value ($000) $1,243 (+81.0%) Shares 62,196 (+75.7%)
BlackRock, Inc.
Value ($000) $40,199 (+5.0%) Shares 2,011,957 (+1.9%)
Bank of New York Mellon Corp
Value ($000) $3,148 (+29.1%) Shares 157,541 (+25.3%)
MML INVESTORS SERVICES, LLC
Value ($000) $1,381 (+32.3%) Shares 69,106 (+28.4%)
RAYMOND JAMES FINANCIAL INC
Value ($000) $789 (+155.3%) Shares 39,495 (+147.8%)
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
Value ($000) $3,909 (+13.5%) Shares 195,623 (+10.1%)
US BANCORP \DE\
Value ($000) $304 (+7157.5%) Shares 15,216 (+6944.4%)
STATE OF WISCONSIN INVESTMENT BOARD
Value ($000) $460 (+110.7%) Shares 23,021 (+104.5%)
BANK OF AMERICA CORP /DE/
Value ($000) $1,430 (+34.2%) Shares 71,577 (+30.2%)
VANGUARD GROUP INC
Value ($000) $20,443 (+4.6%) Shares 1,023,155 (+1.5%)
GEODE CAPITAL MANAGEMENT, LLC
Value ($000) $10,685 (+5.4%) Shares 534,703 (+2.3%)
IFP Advisors, Inc
Value ($000) $75 (+1422.8%) Shares 3,768 (+1377.6%)

Decreased Positions (37)

CALDWELL SUTTER CAPITAL, INC.
Value ($000) $4,242 (-2.1%) Shares 212,303 (-4.9%)
NAVELLIER & ASSOCIATES INC
Value ($000) $370 (-51.7%) Shares 18,498 (-53.1%)
PDT Partners, LLC
Value ($000) $249 (-42.8%) Shares 12,461 (-44.5%)
Trexquant Investment LP
Value ($000) $329 (-44.1%) Shares 16,485 (-45.8%)
MILLENNIUM MANAGEMENT LLC
Value ($000) $1,513 (-42.2%) Shares 75,719 (-43.9%)
Connor, Clark & Lunn Investment Management Ltd.
Value ($000) $7,258 (-2.6%) Shares 363,272 (-5.5%)
ProShare Advisors LLC
Value ($000) $6,169 (-4.3%) Shares 308,778 (-7.1%)
AMERIPRISE FINANCIAL INC
Value ($000) $641 (-56.8%) Shares 32,077 (-58.1%)
TEACHER RETIREMENT SYSTEM OF TEXAS
Value ($000) $3,845 (-5.1%) Shares 192,437 (-7.9%)
UBS Group AG
Value ($000) $1,034 (-29.4%) Shares 51,741 (-31.5%)
SRS Capital Advisors, Inc.
Value ($000) $7 (-93.5%) Shares 362 (-93.7%)
DIMENSIONAL FUND ADVISORS LP
Value ($000) $34,564 (+2.0%) Shares 1,729,921 (-1.0%)
NORTHERN TRUST CORP
Value ($000) $3,105 (-4.9%) Shares 155,383 (-7.7%)
Qube Research & Technologies Ltd
Value ($000) $2,500 (-2.9%) Shares 125,149 (-5.8%)
EverSource Wealth Advisors, LLC
Value ($000) $24 (-63.5%) Shares 1,178 (-64.6%)
MORGAN STANLEY
Value ($000) $4,494 (+0.3%) Shares 224,929 (-2.7%)
JACOBS LEVY EQUITY MANAGEMENT, INC
Value ($000) $2,629 (+0.1%) Shares 131,591 (-2.8%)
RHUMBLINE ADVISERS
Value ($000) $458 (-13.8%) Shares 22,939 (-16.3%)
CITIGROUP INC
Value ($000) $223 (-21.8%) Shares 11,149 (-24.1%)
ROYAL BANK OF CANADA
Value ($000) $74 (-47.9%) Shares 3,731 (-49.1%)