Minerva Advisors LLC
- SEC CIK
- 0001541536
- Latest filing
- Aug 12, 2026
Holdings in Q3 2023
Holdings as of Sep 30, 2023, filed Jan 31, 2024. Long positions only; changes compare share counts with Q2 2023.
- Positions
- 62
- −3 vs. Q2 2023
- Portfolio value
- $143.0M
- −$1.49M (−1.0%) vs. Q2 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| CTGComputer Task Group Inc | COM | 1,254,558 | $13.0M | 9.1% | −8,300−0.7% | Reduced | History |
| GLDDGreat Lakes Dredge & Dock CORP | COM | 1,208,298 | $9.62M | 6.7% | 00.0% | Unchanged | History |
| USAPUniversal Stainless & Alloy Products Inc | COM | 738,427 | $9.57M | 6.7% | 00.0% | Unchanged | History |
| VIRCVirco Mfg Corporation | COM | 1,079,874 | $8.54M | 6.0% | +117,662+12.2% | Added | History |
| ESCAEscalade Inc | COM | 553,521 | $8.47M | 5.9% | 00.0% | Unchanged | History |
| INFUInfuSystem Holdings, Inc | COM | 846,851 | $8.17M | 5.7% | 00.0% | Unchanged | History |
| EMLEastern Co | COM | 427,460 | $7.69M | 5.4% | +14,284+3.5% | Added | History |
| ATROAstronics Corp | COM | 463,105 | $7.34M | 5.1% | 00.0% | Unchanged | History |
| DLHCDLH Holdings Corp. | COM | 505,581 | $5.72M | 4.0% | +72,173+16.7% | Added | History |
| TGTredegar Corp | COM | 990,549 | $5.36M | 3.7% | +391,262+65.3% | Added | History |
| NVGSNavigator Holdings Ltd. | SHS | 344,612 | $5.09M | 3.6% | 00.0% | Unchanged | History |
| THRYThryv Holdings, Inc. | COM NEW | 239,551 | $4.49M | 3.1% | +189,848+382.0% | Added | History |
| SGASaga Communications Inc | CL A NEW | 204,794 | $4.30M | 3.0% | 00.0% | Unchanged | History |
| PBHCPathfinder Bancorp, Inc. | COM | 256,599 | $3.39M | 2.4% | 00.0% | Unchanged | History |
| SSPE.W. Scripps Co | CL A NEW | 604,733 | $3.31M | 2.3% | +81,326+15.5% | Added | History |
| CCFChase Corp | COM | 23,951 | $3.05M | 2.1% | −81,111−77.2% | Reduced | History |
| KEQUKewaunee Scientific Corp | COM | 174,432 | $2.84M | 2.0% | +1,513+0.9% | Added | History |
| CACCamden National Corp | COM | 89,568 | $2.52M | 1.8% | 00.0% | Unchanged | History |
| RAILFreightCar America, Inc. | COM | 806,412 | $2.15M | 1.5% | 00.0% | Unchanged | History |
| CRD.BCrawford & Co | CL B | 234,377 | $2.01M | 1.4% | +102,036+77.1% | Added | History |
| CECOCeco Environmental Corp | COM | 121,458 | $1.94M | 1.4% | −6,050−4.7% | Reduced | History |
| PATIPatriot Transportation Holding, Inc. | COM | 215,576 | $1.76M | 1.2% | 00.0% | Unchanged | History |
| NODKNI Holdings, Inc. | COM | 129,900 | $1.67M | 1.2% | 00.0% | Unchanged | History |
| FSTRFoster L B Co | COM | 79,798 | $1.48M | 1.0% | 00.0% | Unchanged | History |
| UFIUnifi Inc | COM NEW | 186,483 | $1.32M | 0.9% | +100,054+115.8% | Added | History |
| SIFSifco Industries Inc | COM | 378,608 | $1.31M | 0.9% | −6,010−1.6% | Reduced | History |
| DORMDorman Products, Inc. | COM | 17,090 | $1.29M | 0.9% | 00.0% | Unchanged | History |
| CTGOContango Silver & Gold Inc. | COM | 70,147 | $1.28M | 0.9% | 00.0% | Unchanged | History |
| MPBMid Penn Bancorp Inc | COM | 51,732 | $1.04M | 0.7% | 00.0% | Unchanged | History |
| USLMUnited States Lime & Minerals Inc | COM | 4,546 | $909.5K | 0.6% | −13,216−74.4% | Reduced | History |
| VBFCVillage Bank & Trust Financial Corp. | COM NEW | 19,745 | $881.8K | 0.6% | 00.0% | Unchanged | History |
| SCXStarrett L S Co | CL A | 73,237 | $787.3K | 0.6% | 00.0% | Unchanged | History |
| CZNCCitizens & Northern Corp | COM | 42,900 | $752.9K | 0.5% | 00.0% | Unchanged | History |
| FNBFNB Corp | COM | 64,075 | $691.4K | 0.5% | 00.0% | Unchanged | History |
| DGICADonegal Group Inc | CL A | 46,490 | $661.6K | 0.5% | 00.0% | Unchanged | History |
| CFGCitizens Financial Group Inc | COM | 23,585 | $632.3K | 0.4% | 00.0% | Unchanged | History |
| CLBKColumbia Financial, Inc. | COM | 33,794 | $530.9K | 0.4% | 00.0% | Unchanged | History |
| ICCHICC Holdings, Inc. | COM | 33,367 | $526.9K | 0.4% | 00.0% | Unchanged | History |
| CIXCompx International Inc | CL A | 27,847 | $517.7K | 0.4% | 00.0% | Unchanged | History |
| ACNTAscent Industries Co. | COM | 60,369 | $504.1K | 0.4% | 00.0% | Unchanged | History |
| First BK Williamstown New Je31931U102 | COM | 41,143 | $443.5K | 0.3% | +41,143 | New | – |
| NWBINorthwest Bancshares, Inc. | COM | 38,000 | $388.7K | 0.3% | 00.0% | Unchanged | History |
| SSBSouthState Bank Corp | COM | 5,661 | $381.0K | 0.3% | 00.0% | Unchanged | History |
| HBNCHorizon Bancorp Inc | COM | 35,052 | $373.0K | 0.3% | 00.0% | Unchanged | History |
| CZFSCitizens Financial Services Inc | COM | 7,726 | $370.2K | 0.3% | 00.0% | Unchanged | History |
| NWFLNorwood Financial Corp | COM | 13,681 | $350.5K | 0.2% | 00.0% | Unchanged | History |
| RMBIRichmond Mutual Bancorporation, Inc. | COM | 30,000 | $334.5K | 0.2% | 00.0% | Unchanged | History |
| PRAProassurance Corp | COM | 17,234 | $325.6K | 0.2% | 00.0% | Unchanged | History |
| FCFFirst Commonwealth Financial Corp | COM | 25,560 | $312.1K | 0.2% | −2,800−9.9% | Reduced | History |
| LSBKLake Shore Bancorp, Inc. | COM | 30,118 | $301.5K | 0.2% | +774+2.6% | Added | History |
| CBUCommunity Financial System, Inc. | COM | 6,618 | $279.3K | 0.2% | 00.0% | Unchanged | History |
| FRMEFirst Merchants Corp | COM | 9,875 | $274.2K | 0.2% | 00.0% | Unchanged | History |
| DLXDeluxe Corp | COM | 13,900 | $262.6K | 0.2% | 00.0% | Unchanged | History |
| EBMTEagle Bancorp Montana, Inc. | COM | 21,098 | $249.0K | 0.2% | 00.0% | Unchanged | History |
| DGICBDonegal Group Inc | CL B | 17,856 | $244.6K | 0.2% | 00.0% | Unchanged | History |
| FSFGFirst Savings Financial Group, Inc. | COM | 16,221 | $238.4K | 0.2% | 00.0% | Unchanged | History |
| GVPGse Systems Inc | COM | 870,654 | $175.9K | 0.1% | −50,000−5.4% | Reduced | History |
| ECBKECB Bancorp, Inc. | COM | 13,658 | $148.9K | 0.1% | +13,658 | New | History |
| ASRVAmeriserv Financial Inc | COM | 58,200 | $148.4K | 0.1% | 00.0% | Unchanged | History |
| PCTIPC Tel Inc | COM | 31,243 | $129.0K | 0.1% | +12,000+62.4% | Added | History |
| DLADelta Apparel, Inc | COM | 19,353 | $126.8K | 0.1% | 00.0% | Unchanged | History |
| ECBKECB Bancorp, Inc. | COM | 6,877 | $75.0K | 0.1% | +6,877 | New | History |
Sold out since Q2 2023 (6)
Positions held at the end of Q2 2023 that are gone from this filing.
| Security | Class | Shares in Q2 2023 | Value in Q2 2023 | % of portfolio in Q2 2023 | History |
|---|---|---|---|---|---|
| MLVFMalvern Bancorp, Inc. | COM | 53,206 | $822.6K | 0.6% | History |
| WLMSNOS4-1, Inc. | COM | 1,885,277 | $697.6K | 0.5% | History |
| MSVBMid-Southern Bancorp, Inc. | COM | 21,706 | $282.2K | 0.2% | History |
| OFEDOconee Federal Financial Corp. | COM | 11,451 | $162.1K | 0.1% | History |
| LUMOLumos Pharma, Inc. | COM | 26,549 | $84.7K | 0.1% | History |
| DALNDallasNews Corp | COM SER A | 15,648 | $60.2K | <0.1% | History |