Minerva Advisors LLC
- SEC CIK
- 0001541536
- Latest filing
- Aug 12, 2026
Holdings in Q2 2021
Holdings as of Jun 30, 2021, filed Aug 11, 2021. Long positions only; changes compare share counts with Q1 2021.
- Positions
- 70
- −1 vs. Q1 2021
- Portfolio value
- $189.3M
- +$6.58M (+3.6%) vs. Q1 2021
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| ICCCImmucell Corp | COM PAR | 11,958 | $113.0K | 0.1% | 00.0% | Unchanged | History |
| LGLLGL Group Inc | COM | 12,901 | $134.0K | 0.1% | 00.0% | Unchanged | History |
| DGICADonegal Group Inc | CL A | 11,281 | $164.0K | 0.1% | 00.0% | Unchanged | History |
| EMCFEmclaire Financial Corp | COM | 7,554 | $214.0K | 0.1% | 00.0% | Unchanged | History |
| DGICBDonegal Group Inc | CL B | 17,856 | $237.0K | 0.1% | 00.0% | Unchanged | History |
| ASRVAmeriserv Financial Inc | COM | 61,200 | $241.0K | 0.1% | 00.0% | Unchanged | History |
| OFEDOconee Federal Financial Corp. | COM | 11,451 | $268.0K | 0.1% | 00.0% | Unchanged | History |
| LSBKLake Shore Bancorp, Inc. | COM | 19,700 | $294.0K | 0.2% | 00.0% | Unchanged | History |
| MSVBMid-Southern Bancorp, Inc. | COM | 21,706 | $345.0K | 0.2% | 00.0% | Unchanged | History |
| NWFLNorwood Financial Corp | COM | 13,681 | $356.0K | 0.2% | 00.0% | Unchanged | History |
| RIVERiverview Financial Corp | COM | 31,622 | $359.0K | 0.2% | −4,147−11.6% | Reduced | History |
| AEAdams Resources & Energy, Inc. | COM NEW | 14,006 | $388.0K | 0.2% | −807−5.4% | Reduced | History |
| PRAProassurance Corp | COM | 17,234 | $392.0K | 0.2% | 00.0% | Unchanged | History |
| FRMEFirst Merchants Corp | COM | 9,875 | $411.0K | 0.2% | 00.0% | Unchanged | History |
| RMBIRichmond Mutual Bancorporation, Inc. | COM | 30,000 | $447.0K | 0.2% | 00.0% | Unchanged | History |
| SSBSouthState Bank Corp | COM | 5,661 | $463.0K | 0.2% | 00.0% | Unchanged | History |
| EBMTEagle Bancorp Montana, Inc. | COM | 21,098 | $486.0K | 0.3% | 00.0% | Unchanged | History |
| MFNCMackinac Financial Corp | COM | 25,283 | $500.0K | 0.3% | −7,049−21.8% | Reduced | History |
| CBUCommunity Financial System, Inc. | COM | 6,618 | $501.0K | 0.3% | 00.0% | Unchanged | History |
| HVBCHV Bancorp, Inc. | COM | 25,890 | $503.0K | 0.3% | 00.0% | Unchanged | History |
| NWBINorthwest Bancshares, Inc. | COM | 38,000 | $518.0K | 0.3% | 00.0% | Unchanged | History |
| ICCHICC Holdings, Inc. | COM | 33,367 | $523.0K | 0.3% | −10.0% | Reduced | History |
| SCXStarrett L S Co | CL A | 59,437 | $555.0K | 0.3% | 00.0% | Unchanged | History |
| ACNTAscent Industries Co. | COM | 55,850 | $558.0K | 0.3% | 00.0% | Unchanged | History |
| CLBKColumbia Financial, Inc. | COM | 33,794 | $582.0K | 0.3% | 00.0% | Unchanged | History |
| HBNCHorizon Bancorp Inc | COM | 35,052 | $611.0K | 0.3% | 00.0% | Unchanged | History |
| CIXCompx International Inc | CL A | 29,847 | $620.0K | 0.3% | −9,055−23.3% | Reduced | History |
| DLXDeluxe Corp | COM | 13,900 | $664.0K | 0.4% | 00.0% | Unchanged | History |
| AUDAudacy, Inc. | COM | 165,900 | $715.0K | 0.4% | +165,900 | New | History |
| FNBFNB Corp | COM | 69,690 | $859.0K | 0.5% | 00.0% | Unchanged | History |
| GVPGse Systems Inc | COM | 528,318 | $930.0K | 0.5% | +31,259+6.3% | Added | History |
| VBFCVillage Bank & Trust Financial Corp. | COM NEW | 19,745 | $933.0K | 0.5% | −5,000−20.2% | Reduced | History |
| DWSNDawson Geophysical Co | COM | 362,014 | $945.0K | 0.5% | 00.0% | Unchanged | History |
| VOLTVolt Information Sciences, Inc. | COM | 209,265 | $958.0K | 0.5% | 00.0% | Unchanged | History |
| MLVFMalvern Bancorp, Inc. | COM | 53,206 | $977.0K | 0.5% | 00.0% | Unchanged | History |
| STFCState Auto Financial CORP | COM | 58,219 | $997.0K | 0.5% | 00.0% | Unchanged | History |
| FSTRFoster L B Co | COM | 55,263 | $1.03M | 0.5% | 00.0% | Unchanged | History |
| CZNCCitizens & Northern Corp | COM | 42,900 | $1.05M | 0.6% | 00.0% | Unchanged | History |
| MPBMid Penn Bancorp Inc | COM | 38,951 | $1.06M | 0.6% | 00.0% | Unchanged | History |
| CECOCeco Environmental Corp | COM | 148,829 | $1.07M | 0.6% | 00.0% | Unchanged | History |
| DALNDallasNews Corp | COM SER A | 162,248 | $1.09M | 0.6% | +162,248 | New | History |
| ISBCInvestors Bancorp, Inc. | COM | 84,711 | $1.21M | 0.6% | 00.0% | Unchanged | History |
| VRSBillerud Americas Corp | CL A | 68,300 | $1.21M | 0.6% | 00.0% | Unchanged | History |
| DORMDorman Products, Inc. | COM | 17,090 | $1.77M | 0.9% | −1,500−8.1% | Reduced | History |
| DLHCDLH Holdings Corp. | COM | 152,178 | $1.78M | 0.9% | 00.0% | Unchanged | History |
| CNBKACentury Bancorp Inc | CL A NON VTG | 17,034 | $1.94M | 1.0% | −616−3.5% | Reduced | History |
| KEQUKewaunee Scientific Corp | COM | 138,392 | $1.99M | 1.1% | +14,560+11.8% | Added | History |
| THRYThryv Holdings, Inc. | COM NEW | 59,703 | $2.14M | 1.1% | −15,597−20.7% | Reduced | History |
| NODKNI Holdings, Inc. | COM | 129,900 | $2.47M | 1.3% | 00.0% | Unchanged | History |
| TRNSTranscat Inc | COM | 47,052 | $2.65M | 1.4% | −20,107−29.9% | Reduced | History |
| RAILFreightCar America, Inc. | COM | 487,410 | $2.88M | 1.5% | +55,610+12.9% | Added | History |
| VIRCVirco Mfg Corporation | COM | 859,446 | $2.93M | 1.5% | 00.0% | Unchanged | History |
| PATIPatriot Transportation Holding, Inc. | COM | 293,070 | $3.30M | 1.7% | 00.0% | Unchanged | History |
| NVGSNavigator Holdings Ltd. | SHS | 330,212 | $3.62M | 1.9% | +5,000+1.5% | Added | History |
| SIFSifco Industries Inc | COM | 385,708 | $3.88M | 2.1% | −2,938−0.8% | Reduced | History |
| PBHCPathfinder Bancorp, Inc. | COM | 254,045 | $4.01M | 2.1% | 00.0% | Unchanged | History |
| SGASaga Communications Inc | CL A NEW | 187,909 | $4.06M | 2.1% | +19,362+11.5% | Added | History |
| CACCamden National Corp | COM | 94,213 | $4.50M | 2.4% | 00.0% | Unchanged | History |
| GPXGP Strategies Corp | COM | 344,723 | $5.42M | 2.9% | +33,085+10.6% | Added | History |
| USLMUnited States Lime & Minerals Inc | COM | 39,681 | $5.50M | 2.9% | 00.0% | Unchanged | History |
| ATROAstronics Corp | COM | 336,787 | $5.90M | 3.1% | 00.0% | Unchanged | History |
| USAPUniversal Stainless & Alloy Products Inc | COM | 691,253 | $6.95M | 3.7% | +208,224+43.1% | Added | History |
| ESCAEscalade Inc | COM | 368,055 | $8.43M | 4.5% | 00.0% | Unchanged | History |
| EMLEastern Co | COM | 326,937 | $9.91M | 5.2% | +5,648+1.8% | Added | History |
| SSPE.W. Scripps Co | CL A NEW | 523,407 | $10.7M | 5.6% | 00.0% | Unchanged | History |
| WLMSNOS4-1, Inc. | COM | 1,848,450 | $10.7M | 5.7% | −190,594−9.3% | Reduced | History |
| CTGComputer Task Group Inc | COM | 1,164,101 | $11.1M | 5.8% | 00.0% | Unchanged | History |
| CCFChase Corp | COM | 120,653 | $12.4M | 6.5% | −5,801−4.6% | Reduced | History |
| GLDDGreat Lakes Dredge & Dock CORP | COM | 982,540 | $14.4M | 7.6% | −3,000−0.3% | Reduced | History |
| INFUInfuSystem Holdings, Inc | COM | 846,351 | $17.6M | 9.3% | −45,331−5.1% | Reduced | History |
Sold out since Q1 2021 (3)
Positions held at the end of Q1 2021 that are gone from this filing.
| Security | Class | Shares in Q1 2021 | Value in Q1 2021 | % of portfolio in Q1 2021 | History |
|---|---|---|---|---|---|
| A H Belo Corp001282102 | COM CL A | 648,998 | $1.36M | 0.7% | – |
| Entercom Communications Corp293639100 | CL A | 168,900 | $887.0K | 0.5% | – |
| Atlantic Power Corp04878Q863 | COM NEW | 53,013 | $153.0K | 0.1% | – |