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Minerva Advisors LLC

SEC CIK
0001541536
Latest filing
Aug 12, 2026

Holdings in Q2 2022

Holdings as of Jun 30, 2022, filed Aug 12, 2022. Long positions only; changes compare share counts with Q1 2022.

Institution overview
Positions
65
0 vs. Q1 2022
Portfolio value
$138.5M
−$15.9M (−10.3%) vs. Q1 2022
Filed
Aug 12, 2022
SEC
Holdings of Minerva Advisors LLC in Q2 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
AUDAudacy, Inc.COM77,400$73.0K0.1%00.0%UnchangedHistory
ICCCImmucell CorpCOM PAR11,958$102.0K0.1%00.0%UnchangedHistory
NXTCNextCure, Inc.COM31,713$149.0K0.1%00.0%UnchangedHistory
LGLLGL Group IncCOM12,901$164.0K0.1%00.0%UnchangedHistory
ASRVAmeriserv Financial IncCOM58,200$229.0K0.2%00.0%UnchangedHistory
OFEDOconee Federal Financial Corp.COM11,451$248.0K0.2%00.0%UnchangedHistory
LUMOLumos Pharma, Inc.COM34,015$256.0K0.2%00.0%UnchangedHistory
DGICBDonegal Group IncCL B17,856$273.0K0.2%00.0%UnchangedHistory
LSBKLake Shore Bancorp, Inc.COM19,700$274.0K0.2%00.0%UnchangedHistory
MSVBMid-Southern Bancorp, Inc.COM21,706$295.0K0.2%00.0%UnchangedHistory
DLXDeluxe CorpCOM13,900$301.0K0.2%00.0%UnchangedHistory
NECBNorthEast Community Bancorp, Inc.COM26,639$313.0K0.2%00.0%UnchangedHistory
NWFLNorwood Financial CorpCOM13,681$328.0K0.2%00.0%UnchangedHistory
FRMEFirst Merchants CorpCOM9,875$352.0K0.3%00.0%UnchangedHistory
FSFGFirst Savings Financial Group, Inc.COM16,221$381.0K0.3%+16,221NewHistory
SCXStarrett L S CoCL A58,237$405.0K0.3%00.0%UnchangedHistory
PRAProassurance CorpCOM17,234$408.0K0.3%00.0%UnchangedHistory
EBMTEagle Bancorp Montana, Inc.COM21,098$413.0K0.3%00.0%UnchangedHistory
CBUCommunity Financial System, Inc.COM6,618$419.0K0.3%00.0%UnchangedHistory
RMBIRichmond Mutual Bancorporation, Inc.COM30,000$419.0K0.3%00.0%UnchangedHistory
SSBSouthState Bank CorpCOM5,661$437.0K0.3%00.0%UnchangedHistory
NWBINorthwest Bancshares, Inc.COM38,000$486.0K0.4%00.0%UnchangedHistory
HVBCHV Bancorp, Inc.COM25,890$518.0K0.4%00.0%UnchangedHistory
ICCHICC Holdings, Inc.COM33,367$534.0K0.4%00.0%UnchangedHistory
HBNCHorizon Bancorp IncCOM35,052$611.0K0.4%00.0%UnchangedHistory
GVPGse Systems IncCOM528,318$639.0K0.5%00.0%UnchangedHistory
CIXCompx International IncCL A29,847$672.0K0.5%00.0%UnchangedHistory
FSTRFoster L B CoCOM55,263$703.0K0.5%00.0%UnchangedHistory
CLBKColumbia Financial, Inc.COM33,794$727.0K0.5%00.0%UnchangedHistory
FNBFNB CorpCOM69,690$757.0K0.5%00.0%UnchangedHistory
DGICADonegal Group IncCL A46,490$792.0K0.6%+10,045+27.6%AddedHistory
ACNTAscent Industries Co.COM61,453$836.0K0.6%00.0%UnchangedHistory
MLVFMalvern Bancorp, Inc.COM53,206$836.0K0.6%00.0%UnchangedHistory
CFGCitizens Financial Group IncCOM23,585$843.0K0.6%+23,585NewHistory
VBFCVillage Bank & Trust Financial Corp.COM NEW19,745$869.0K0.6%00.0%UnchangedHistory
CECOCeco Environmental CorpCOM148,829$890.0K0.6%00.0%UnchangedHistory
CZNCCitizens & Northern CorpCOM42,900$1.03M0.7%00.0%UnchangedHistory
THRYThryv Holdings, Inc.COM NEW49,703$1.11M0.8%00.0%UnchangedHistory
SIFSifco Industries IncCOM385,708$1.20M0.9%00.0%UnchangedHistory
DALNDallasNews CorpCOM SER A190,506$1.20M0.9%00.0%UnchangedHistory
MPBMid Penn Bancorp IncCOM51,732$1.39M1.0%00.0%UnchangedHistory
PATIPatriot Transportation Holding, Inc.COM246,583$1.83M1.3%00.0%UnchangedHistory
DORMDorman Products, Inc.COM17,090$1.87M1.4%00.0%UnchangedHistory
TGTredegar CorpCOM203,922$2.04M1.5%+65,217+47.0%AddedHistory
NODKNI Holdings, Inc.COM129,900$2.10M1.5%00.0%UnchangedHistory
DLHCDLH Holdings Corp.COM152,178$2.28M1.6%00.0%UnchangedHistory
WLMSNOS4-1, Inc.COM1,864,611$2.52M1.8%+21,161+1.1%AddedHistory
KEQUKewaunee Scientific CorpCOM157,424$2.52M1.8%+17,672+12.6%AddedHistory
CTGOContango Silver & Gold Inc.COM108,518$2.55M1.8%00.0%UnchangedHistory
RAILFreightCar America, Inc.COM786,084$2.82M2.0%+93,560+13.5%AddedHistory
VIRCVirco Mfg CorporationCOM924,761$3.49M2.5%+42,859+4.9%AddedHistory
NVGSNavigator Holdings Ltd.SHS339,712$3.82M2.8%+7,200+2.2%AddedHistory
ATROAstronics CorpCOM382,787$3.88M2.8%+29,000+8.2%AddedHistory
CACCamden National CorpCOM92,968$4.09M3.0%00.0%UnchangedHistory
USLMUnited States Lime & Minerals IncCOM39,461$4.16M3.0%00.0%UnchangedHistory
PBHCPathfinder Bancorp, Inc.COM251,649$4.91M3.5%00.0%UnchangedHistory
SGASaga Communications IncCL A NEW206,671$5.04M3.6%00.0%UnchangedHistory
USAPUniversal Stainless & Alloy Products IncCOM732,827$5.25M3.8%+24,200+3.4%AddedHistory
ESCAEscalade IncCOM467,698$6.05M4.4%+62,512+15.4%AddedHistory
SSPE.W. Scripps CoCL A NEW523,407$6.52M4.7%00.0%UnchangedHistory
EMLEastern CoCOM369,117$7.29M5.3%+34,381+10.3%AddedHistory
INFUInfuSystem Holdings, IncCOM846,851$8.13M5.9%+500+0.1%AddedHistory
CCFChase CorpCOM120,253$9.31M6.7%00.0%UnchangedHistory
CTGComputer Task Group IncCOM1,231,794$10.3M7.5%+10,065+0.8%AddedHistory
GLDDGreat Lakes Dredge & Dock CORPCOM979,540$12.8M9.3%00.0%UnchangedHistory

Sold out since Q1 2022 (2)

Positions held at the end of Q1 2022 that are gone from this filing.

Positions of Minerva Advisors LLC sold out since Q1 2022
SecurityClassShares in Q1 2022Value in Q1 2022% of portfolio in Q1 2022History
VOLTVolt Information Sciences, Inc.COM232,194$1.39M0.9%History
ISBCInvestors Bancorp, Inc.COM79,411$1.18M0.8%History