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Minerva Advisors LLC

SEC CIK
0001541536
Latest filing
Aug 12, 2026

Holdings in Q3 2022

Holdings as of Sep 30, 2022, filed Nov 10, 2022. Long positions only; changes compare share counts with Q2 2022.

Institution overview
Positions
66
+1 vs. Q2 2022
Portfolio value
$132.0M
−$6.53M (−4.7%) vs. Q2 2022
Filed
Nov 10, 2022
SEC
Holdings of Minerva Advisors LLC in Q3 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
AUDAudacy, Inc.COM77,400$30.0K<0.1%00.0%UnchangedHistory
NXTCNextCure, Inc.COM31,713$87.0K0.1%00.0%UnchangedHistory
ICCCImmucell CorpCOM PAR11,958$89.0K0.1%00.0%UnchangedHistory
LGLLGL Group IncCOM12,901$146.0K0.1%00.0%UnchangedHistory
ASRVAmeriserv Financial IncCOM58,200$222.0K0.2%00.0%UnchangedHistory
DLXDeluxe CorpCOM13,900$231.0K0.2%00.0%UnchangedHistory
DGICBDonegal Group IncCL B17,856$251.0K0.2%00.0%UnchangedHistory
LSBKLake Shore Bancorp, Inc.COM19,700$259.0K0.2%00.0%UnchangedHistory
OFEDOconee Federal Financial Corp.COM11,451$276.0K0.2%00.0%UnchangedHistory
MSVBMid-Southern Bancorp, Inc.COM21,706$292.0K0.2%00.0%UnchangedHistory
LUMOLumos Pharma, Inc.COM34,015$301.0K0.2%00.0%UnchangedHistory
NECBNorthEast Community Bancorp, Inc.COM25,139$311.0K0.2%−1,500−5.6%ReducedHistory
PRAProassurance CorpCOM17,234$336.0K0.3%00.0%UnchangedHistory
NWFLNorwood Financial CorpCOM13,681$364.0K0.3%00.0%UnchangedHistory
FSFGFirst Savings Financial Group, Inc.COM16,221$368.0K0.3%00.0%UnchangedHistory
CRD.BCrawford & CoCL B72,740$380.0K0.3%+72,740NewHistory
FRMEFirst Merchants CorpCOM9,875$382.0K0.3%00.0%UnchangedHistory
CBUCommunity Financial System, Inc.COM6,618$398.0K0.3%00.0%UnchangedHistory
EBMTEagle Bancorp Montana, Inc.COM21,098$401.0K0.3%00.0%UnchangedHistory
RMBIRichmond Mutual Bancorporation, Inc.COM30,000$403.0K0.3%00.0%UnchangedHistory
DALNDallasNews CorpCOM SER A94,877$438.0K0.3%−95,629−50.2%ReducedHistory
SSBSouthState Bank CorpCOM5,661$448.0K0.3%00.0%UnchangedHistory
CIXCompx International IncCL A27,847$452.0K0.3%−2,000−6.7%ReducedHistory
ICCHICC Holdings, Inc.COM33,367$509.0K0.4%00.0%UnchangedHistory
NWBINorthwest Bancshares, Inc.COM38,000$513.0K0.4%00.0%UnchangedHistory
HVBCHV Bancorp, Inc.COM25,890$538.0K0.4%00.0%UnchangedHistory
GVPGse Systems IncCOM600,086$540.0K0.4%+71,768+13.6%AddedHistory
DGICADonegal Group IncCL A46,490$628.0K0.5%00.0%UnchangedHistory
HBNCHorizon Bancorp IncCOM35,052$630.0K0.5%00.0%UnchangedHistory
FSTRFoster L B CoCOM64,854$631.0K0.5%+9,591+17.4%AddedHistory
SCXStarrett L S CoCL A73,237$647.0K0.5%+15,000+25.8%AddedHistory
CLBKColumbia Financial, Inc.COM33,794$714.0K0.5%00.0%UnchangedHistory
MLVFMalvern Bancorp, Inc.COM53,206$765.0K0.6%00.0%UnchangedHistory
FNBFNB CorpCOM69,690$809.0K0.6%00.0%UnchangedHistory
CFGCitizens Financial Group IncCOM23,585$811.0K0.6%00.0%UnchangedHistory
ACNTAscent Industries Co.COM60,369$812.0K0.6%−1,084−1.8%ReducedHistory
VBFCVillage Bank & Trust Financial Corp.COM NEW19,745$866.0K0.7%00.0%UnchangedHistory
CZNCCitizens & Northern CorpCOM42,900$1.04M0.8%00.0%UnchangedHistory
THRYThryv Holdings, Inc.COM NEW49,703$1.13M0.9%00.0%UnchangedHistory
SIFSifco Industries IncCOM385,708$1.18M0.9%00.0%UnchangedHistory
CECOCeco Environmental CorpCOM148,829$1.31M1.0%00.0%UnchangedHistory
DORMDorman Products, Inc.COM17,090$1.40M1.1%00.0%UnchangedHistory
MPBMid Penn Bancorp IncCOM51,732$1.49M1.1%00.0%UnchangedHistory
NODKNI Holdings, Inc.COM129,900$1.73M1.3%00.0%UnchangedHistory
PATIPatriot Transportation Holding, Inc.COM246,583$1.94M1.5%00.0%UnchangedHistory
DLHCDLH Holdings Corp.COM180,503$2.21M1.7%+28,325+18.6%AddedHistory
WLMSNOS4-1, Inc.COM1,885,277$2.79M2.1%+20,666+1.1%AddedHistory
CTGOContango Silver & Gold Inc.COM97,945$2.84M2.2%−10,573−9.7%ReducedHistory
KEQUKewaunee Scientific CorpCOM158,067$2.85M2.2%+643+0.4%AddedHistory
RAILFreightCar America, Inc.COM786,087$2.93M2.2%+30.0%AddedHistory
TGTredegar CorpCOM349,139$3.30M2.5%+145,217+71.2%AddedHistory
ATROAstronics CorpCOM434,877$3.42M2.6%+52,090+13.6%AddedHistory
CACCamden National CorpCOM89,568$3.82M2.9%−3,400−3.7%ReducedHistory
NVGSNavigator Holdings Ltd.SHS339,712$3.88M2.9%00.0%UnchangedHistory
VIRCVirco Mfg CorporationCOM925,692$3.93M3.0%+931+0.1%AddedHistory
USLMUnited States Lime & Minerals IncCOM42,817$4.35M3.3%+3,356+8.5%AddedHistory
PBHCPathfinder Bancorp, Inc.COM251,649$5.12M3.9%00.0%UnchangedHistory
USAPUniversal Stainless & Alloy Products IncCOM732,827$5.18M3.9%00.0%UnchangedHistory
ESCAEscalade IncCOM524,821$5.22M4.0%+57,123+12.2%AddedHistory
SGASaga Communications IncCL A NEW209,014$5.43M4.1%+2,343+1.1%AddedHistory
SSPE.W. Scripps CoCL A NEW523,407$5.90M4.5%00.0%UnchangedHistory
EMLEastern CoCOM408,266$7.08M5.4%+39,149+10.6%AddedHistory
GLDDGreat Lakes Dredge & Dock CORPCOM1,006,540$7.63M5.8%+27,000+2.8%AddedHistory
INFUInfuSystem Holdings, IncCOM846,851$8.13M6.2%00.0%UnchangedHistory
CTGComputer Task Group IncCOM1,256,347$8.42M6.4%+24,553+2.0%AddedHistory
CCFChase CorpCOM120,253$10.0M7.6%00.0%UnchangedHistory