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Minerva Advisors LLC

SEC CIK
0001541536
Latest filing
Aug 12, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Jan 31, 2024. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
66
0 vs. Q3 2022
Portfolio value
$134.4M
+$2.36M (+1.8%) vs. Q3 2022
Filed
Jan 31, 2024
AmendedSEC
Holdings of Minerva Advisors LLC in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
CCFChase CorpCOM120,253$10.4M7.7%00.0%UnchangedHistory
CTGComputer Task Group IncCOM1,256,347$9.50M7.1%00.0%UnchangedHistory
EMLEastern CoCOM409,176$7.88M5.9%+910+0.2%AddedHistory
INFUInfuSystem Holdings, IncCOM846,851$7.35M5.5%00.0%UnchangedHistory
GLDDGreat Lakes Dredge & Dock CORPCOM1,175,298$6.98M5.2%+168,758+16.8%AddedHistory
SSPE.W. Scripps CoCL A NEW523,407$6.89M5.1%00.0%UnchangedHistory
ESCAEscalade IncCOM553,521$5.63M4.2%+28,700+5.5%AddedHistory
USLMUnited States Lime & Minerals IncCOM38,518$5.35M4.0%−4,299−10.0%ReducedHistory
USAPUniversal Stainless & Alloy Products IncCOM738,427$5.29M3.9%+5,600+0.8%AddedHistory
SGASaga Communications IncCL A NEW204,794$4.81M3.6%−4,220−2.0%ReducedHistory
ATROAstronics CorpCOM463,105$4.77M3.6%+28,228+6.5%AddedHistory
PBHCPathfinder Bancorp, Inc.COM251,649$4.74M3.5%00.0%UnchangedHistory
VIRCVirco Mfg CorporationCOM928,941$4.20M3.1%+3,249+0.4%AddedHistory
NVGSNavigator Holdings Ltd.SHS344,612$4.11M3.1%+4,900+1.4%AddedHistory
TGTredegar CorpCOM379,674$3.88M2.9%+30,535+8.7%AddedHistory
CACCamden National CorpCOM89,568$3.73M2.8%00.0%UnchangedHistory
KEQUKewaunee Scientific CorpCOM170,541$2.70M2.0%+12,474+7.9%AddedHistory
RAILFreightCar America, Inc.COM806,412$2.55M1.9%+20,325+2.6%AddedHistory
DLHCDLH Holdings Corp.COM195,189$2.31M1.7%+14,686+8.1%AddedHistory
CTGOContango Silver & Gold Inc.COM97,945$2.15M1.6%00.0%UnchangedHistory
WLMSNOS4-1, Inc.COM1,885,277$1.92M1.4%00.0%UnchangedHistory
PATIPatriot Transportation Holding, Inc.COM246,583$1.73M1.3%00.0%UnchangedHistory
NODKNI Holdings, Inc.COM129,900$1.71M1.3%00.0%UnchangedHistory
CECOCeco Environmental CorpCOM144,458$1.69M1.3%−4,371−2.9%ReducedHistory
MPBMid Penn Bancorp IncCOM51,732$1.55M1.2%00.0%UnchangedHistory
DORMDorman Products, Inc.COM17,090$1.38M1.0%00.0%UnchangedHistory
VBFCVillage Bank & Trust Financial Corp.COM NEW19,745$994.2K0.7%00.0%UnchangedHistory
CZNCCitizens & Northern CorpCOM42,900$978.1K0.7%00.0%UnchangedHistory
MLVFMalvern Bancorp, Inc.COM53,206$944.4K0.7%00.0%UnchangedHistory
THRYThryv Holdings, Inc.COM NEW49,703$943.9K0.7%00.0%UnchangedHistory
CFGCitizens Financial Group IncCOM23,585$928.3K0.7%00.0%UnchangedHistory
FNBFNB CorpCOM69,690$909.5K0.7%00.0%UnchangedHistory
SIFSifco Industries IncCOM385,708$798.4K0.6%00.0%UnchangedHistory
FSTRFoster L B CoCOM79,798$772.4K0.6%+14,944+23.0%AddedHistory
HVBCHV Bancorp, Inc.COM25,890$736.3K0.5%00.0%UnchangedHistory
CLBKColumbia Financial, Inc.COM33,794$730.6K0.5%00.0%UnchangedHistory
DGICADonegal Group IncCL A46,490$660.2K0.5%00.0%UnchangedHistory
CRD.BCrawford & CoCL B106,717$566.7K0.4%+33,977+46.7%AddedHistory
GVPGse Systems IncCOM767,689$537.4K0.4%+167,603+27.9%AddedHistory
SCXStarrett L S CoCL A73,237$533.9K0.4%00.0%UnchangedHistory
NWBINorthwest Bancshares, Inc.COM38,000$531.2K0.4%00.0%UnchangedHistory
HBNCHorizon Bancorp IncCOM35,052$528.2K0.4%00.0%UnchangedHistory
ACNTAscent Industries Co.COM60,369$523.4K0.4%00.0%UnchangedHistory
CIXCompx International IncCL A27,847$514.6K0.4%00.0%UnchangedHistory
ICCHICC Holdings, Inc.COM33,367$513.9K0.4%00.0%UnchangedHistory
NWFLNorwood Financial CorpCOM13,681$457.5K0.3%00.0%UnchangedHistory
SSBSouthState Bank CorpCOM5,661$432.3K0.3%00.0%UnchangedHistory
CBUCommunity Financial System, Inc.COM6,618$416.3K0.3%00.0%UnchangedHistory
FRMEFirst Merchants CorpCOM9,875$406.0K0.3%00.0%UnchangedHistory
RMBIRichmond Mutual Bancorporation, Inc.COM30,000$390.3K0.3%00.0%UnchangedHistory
DALNDallasNews CorpCOM SER A93,988$360.9K0.3%−889−0.9%ReducedHistory
EBMTEagle Bancorp Montana, Inc.COM21,098$340.3K0.3%00.0%UnchangedHistory
FSFGFirst Savings Financial Group, Inc.COM16,221$324.4K0.2%00.0%UnchangedHistory
PRAProassurance CorpCOM17,234$301.1K0.2%00.0%UnchangedHistory
OFEDOconee Federal Financial Corp.COM11,451$286.3K0.2%00.0%UnchangedHistory
MSVBMid-Southern Bancorp, Inc.COM21,706$282.2K0.2%00.0%UnchangedHistory
DGICBDonegal Group IncCL B17,856$281.9K0.2%00.0%UnchangedHistory
LSBKLake Shore Bancorp, Inc.COM19,700$237.4K0.2%00.0%UnchangedHistory
DLXDeluxe CorpCOM13,900$236.0K0.2%00.0%UnchangedHistory
ASRVAmeriserv Financial IncCOM58,200$228.7K0.2%00.0%UnchangedHistory
DLADelta Apparel, IncCOM19,400$205.8K0.2%+19,400NewHistory
LUMOLumos Pharma, Inc.COM34,015$122.5K0.1%00.0%UnchangedHistory
PCTIPC Tel IncCOM19,243$81.8K0.1%+19,243NewHistory
ICCCImmucell CorpCOM PAR11,958$72.1K0.1%00.0%UnchangedHistory
NXTCNextCure, Inc.COM31,713$44.7K<0.1%00.0%UnchangedHistory
AUDAudacy, Inc.COM77,400$17.4K<0.1%00.0%UnchangedHistory

Sold out since Q3 2022 (2)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Minerva Advisors LLC sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
NECBNorthEast Community Bancorp, Inc.COM25,139$311.0K0.2%History
LGLLGL Group IncCOM12,901$146.0K0.1%History