Minerva Advisors LLC
- SEC CIK
- 0001541536
- Latest filing
- Aug 12, 2026
Holdings in Q1 2022
Holdings as of Mar 31, 2022, filed May 12, 2022. Long positions only; changes compare share counts with Q4 2021.
- Positions
- 65
- −6 vs. Q4 2021
- Portfolio value
- $154.4M
- −$11.9M (−7.2%) vs. Q4 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 | $142.0K | 0.1% | 00.0% | Unchanged | History |
| NXTCNextCure, Inc. | COM | 31,713 | $154.0K | 0.1% | 00.0% | Unchanged | History |
| AUDAudacy, Inc. | COM | 77,400 | $224.0K | 0.1% | 00.0% | Unchanged | History |
| DGICBDonegal Group Inc | CL B | 17,856 | $233.0K | 0.2% | 00.0% | Unchanged | History |
| ASRVAmeriserv Financial Inc | COM | 58,200 | $235.0K | 0.2% | 00.0% | Unchanged | History |
| OFEDOconee Federal Financial Corp. | COM | 11,451 | $286.0K | 0.2% | 00.0% | Unchanged | History |
| LSBKLake Shore Bancorp, Inc. | COM | 19,700 | $293.0K | 0.2% | 00.0% | Unchanged | History |
| MSVBMid-Southern Bancorp, Inc. | COM | 21,706 | $314.0K | 0.2% | 00.0% | Unchanged | History |
| LUMOLumos Pharma, Inc. | COM | 34,015 | $321.0K | 0.2% | 00.0% | Unchanged | History |
| NECBNorthEast Community Bancorp, Inc. | COM | 26,639 | $326.0K | 0.2% | 00.0% | Unchanged | History |
| NWFLNorwood Financial Corp | COM | 13,681 | $387.0K | 0.3% | 00.0% | Unchanged | History |
| FRMEFirst Merchants Corp | COM | 9,875 | $411.0K | 0.3% | 00.0% | Unchanged | History |
| DLXDeluxe Corp | COM | 13,900 | $420.0K | 0.3% | 00.0% | Unchanged | History |
| SCXStarrett L S Co | CL A | 58,237 | $442.0K | 0.3% | 00.0% | Unchanged | History |
| SSBSouthState Bank Corp | COM | 5,661 | $462.0K | 0.3% | 00.0% | Unchanged | History |
| PRAProassurance Corp | COM | 17,234 | $463.0K | 0.3% | 00.0% | Unchanged | History |
| CBUCommunity Financial System, Inc. | COM | 6,618 | $464.0K | 0.3% | 00.0% | Unchanged | History |
| EBMTEagle Bancorp Montana, Inc. | COM | 21,098 | $469.0K | 0.3% | 00.0% | Unchanged | History |
| DGICADonegal Group Inc | CL A | 36,445 | $488.0K | 0.3% | +6,180+20.4% | Added | History |
| RMBIRichmond Mutual Bancorporation, Inc. | COM | 30,000 | $512.0K | 0.3% | 00.0% | Unchanged | History |
| NWBINorthwest Bancshares, Inc. | COM | 38,000 | $513.0K | 0.3% | 00.0% | Unchanged | History |
| ICCHICC Holdings, Inc. | COM | 33,367 | $544.0K | 0.4% | 00.0% | Unchanged | History |
| HVBCHV Bancorp, Inc. | COM | 25,890 | $562.0K | 0.4% | 00.0% | Unchanged | History |
| HBNCHorizon Bancorp Inc | COM | 35,052 | $655.0K | 0.4% | 00.0% | Unchanged | History |
| CIXCompx International Inc | CL A | 29,847 | $702.0K | 0.5% | 00.0% | Unchanged | History |
| CLBKColumbia Financial, Inc. | COM | 33,794 | $727.0K | 0.5% | 00.0% | Unchanged | History |
| CECOCeco Environmental Corp | COM | 148,829 | $815.0K | 0.5% | 00.0% | Unchanged | History |
| FSTRFoster L B Co | COM | 55,263 | $829.0K | 0.5% | 00.0% | Unchanged | History |
| MLVFMalvern Bancorp, Inc. | COM | 53,206 | $857.0K | 0.6% | 00.0% | Unchanged | History |
| FNBFNB Corp | COM | 69,690 | $868.0K | 0.6% | 00.0% | Unchanged | History |
| ACNTAscent Industries Co. | COM | 61,453 | $982.0K | 0.6% | 00.0% | Unchanged | History |
| VBFCVillage Bank & Trust Financial Corp. | COM NEW | 19,745 | $1.02M | 0.7% | 00.0% | Unchanged | History |
| CZNCCitizens & Northern Corp | COM | 42,900 | $1.05M | 0.7% | 00.0% | Unchanged | History |
| GVPGse Systems Inc | COM | 528,318 | $1.10M | 0.7% | 00.0% | Unchanged | History |
| ISBCInvestors Bancorp, Inc. | COM | 79,411 | $1.18M | 0.8% | 00.0% | Unchanged | History |
| DALNDallasNews Corp | COM SER A | 190,506 | $1.32M | 0.9% | +26,774+16.4% | Added | History |
| MPBMid Penn Bancorp Inc | COM | 51,732 | $1.38M | 0.9% | 00.0% | Unchanged | History |
| VOLTVolt Information Sciences, Inc. | COM | 232,194 | $1.39M | 0.9% | +22,929+11.0% | Added | History |
| THRYThryv Holdings, Inc. | COM NEW | 49,703 | $1.39M | 0.9% | 00.0% | Unchanged | History |
| DORMDorman Products, Inc. | COM | 17,090 | $1.62M | 1.0% | 00.0% | Unchanged | History |
| TGTredegar Corp | COM | 138,705 | $1.66M | 1.1% | +93,996+210.2% | Added | History |
| SIFSifco Industries Inc | COM | 385,708 | $1.91M | 1.2% | 00.0% | Unchanged | History |
| PATIPatriot Transportation Holding, Inc. | COM | 246,583 | $1.97M | 1.3% | 00.0% | Unchanged | History |
| KEQUKewaunee Scientific Corp | COM | 139,752 | $1.99M | 1.3% | +273+0.2% | Added | History |
| NODKNI Holdings, Inc. | COM | 129,900 | $2.20M | 1.4% | 00.0% | Unchanged | History |
| VIRCVirco Mfg Corporation | COM | 881,902 | $2.58M | 1.7% | +6,274+0.7% | Added | History |
| CTGOContango Silver & Gold Inc. | COM | 108,518 | $2.66M | 1.7% | 00.0% | Unchanged | History |
| DLHCDLH Holdings Corp. | COM | 152,178 | $2.86M | 1.9% | 00.0% | Unchanged | History |
| WLMSNOS4-1, Inc. | COM | 1,843,450 | $3.67M | 2.4% | 00.0% | Unchanged | History |
| NVGSNavigator Holdings Ltd. | SHS | 332,512 | $4.09M | 2.7% | −2,200−0.7% | Reduced | History |
| RAILFreightCar America, Inc. | COM | 692,524 | $4.10M | 2.7% | +21,243+3.2% | Added | History |
| CACCamden National Corp | COM | 92,968 | $4.37M | 2.8% | 00.0% | Unchanged | History |
| USLMUnited States Lime & Minerals Inc | COM | 39,461 | $4.54M | 2.9% | 00.0% | Unchanged | History |
| ATROAstronics Corp | COM | 353,787 | $4.56M | 3.0% | 00.0% | Unchanged | History |
| SGASaga Communications Inc | CL A NEW | 206,671 | $4.71M | 3.0% | +11,323+5.8% | Added | History |
| ESCAEscalade Inc | COM | 405,186 | $5.32M | 3.4% | +37,131+10.1% | Added | History |
| PBHCPathfinder Bancorp, Inc. | COM | 251,649 | $5.37M | 3.5% | −970.0% | Reduced | History |
| USAPUniversal Stainless & Alloy Products Inc | COM | 708,627 | $6.12M | 4.0% | +3,900+0.6% | Added | History |
| EMLEastern Co | COM | 334,736 | $7.80M | 5.0% | +7,799+2.4% | Added | History |
| INFUInfuSystem Holdings, Inc | COM | 846,351 | $8.29M | 5.4% | 00.0% | Unchanged | History |
| CCFChase Corp | COM | 120,253 | $10.5M | 6.8% | 00.0% | Unchanged | History |
| SSPE.W. Scripps Co | CL A NEW | 523,407 | $10.9M | 7.0% | 00.0% | Unchanged | History |
| CTGComputer Task Group Inc | COM | 1,221,729 | $11.9M | 7.7% | −7,000−0.6% | Reduced | History |
| GLDDGreat Lakes Dredge & Dock CORP | COM | 979,540 | $13.7M | 8.9% | 00.0% | Unchanged | History |
Sold out since Q4 2021 (6)
Positions held at the end of Q4 2021 that are gone from this filing.
| Security | Class | Shares in Q4 2021 | Value in Q4 2021 | % of portfolio in Q4 2021 | History |
|---|---|---|---|---|---|
| VRSBillerud Americas Corp | CL A | 68,300 | $1.84M | 1.1% | History |
| STFCState Auto Financial CORP | COM | 35,223 | $1.82M | 1.1% | History |
| DWSNDawson Geophysical Co | COM | 317,194 | $733.0K | 0.4% | History |
| NICNicolet Bankshares Inc | COM | 5,561 | $477.0K | 0.3% | History |
| AEAdams Resources & Energy, Inc. | COM NEW | 8,731 | $243.0K | 0.1% | History |
| EMCFEmclaire Financial Corp | COM | 7,554 | $209.0K | 0.1% | History |