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Minerva Advisors LLC

SEC CIK
0001541536
Latest filing
Aug 12, 2026

Holdings in Q1 2024

Holdings as of Mar 31, 2024, filed May 14, 2024. Long positions only; changes compare share counts with Q4 2023.

Institution overview
Positions
59
0 vs. Q4 2023
Portfolio value
$163.3M
+$3.31M (+2.1%) vs. Q4 2023
Filed
May 14, 2024
SEC
Holdings of Minerva Advisors LLC in Q1 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
USAPUniversal Stainless & Alloy Products IncCOM772,845$17.3M10.6%−3,200−0.4%ReducedHistory
EMLEastern CoCOM488,594$16.4M10.0%−3,000−0.6%ReducedHistory
VIRCVirco Mfg CorporationCOM1,122,101$12.3M7.5%+24,762+2.3%AddedHistory
GLDDGreat Lakes Dredge & Dock CORPCOM1,312,143$11.5M7.0%+36,145+2.8%AddedHistory
TGTredegar CorpCOM1,494,861$9.75M6.0%+128,666+9.4%AddedHistory
ATROAstronics CorpCOM463,105$8.81M5.4%00.0%UnchangedHistory
ESCAEscalade IncCOM537,814$7.30M4.5%00.0%UnchangedHistory
INFUInfuSystem Holdings, IncCOM846,851$7.27M4.5%00.0%UnchangedHistory
DLHCDLH Holdings Corp.COM505,581$6.65M4.1%00.0%UnchangedHistory
SGASaga Communications IncCL A NEW233,041$5.20M3.2%00.0%UnchangedHistory
NVGSNavigator Holdings Ltd.SHS332,612$5.11M3.1%−12,000−3.5%ReducedHistory
THRYThryv Holdings, Inc.COM NEW224,829$4.99M3.1%00.0%UnchangedHistory
KEQUKewaunee Scientific CorpCOM144,582$4.89M3.0%−29,850−17.1%ReducedHistory
UFIUnifi IncCOM NEW581,993$3.49M2.1%+284,508+95.6%AddedHistory
PBHCPathfinder Bancorp, Inc.COM262,204$3.19M2.0%+5,605+2.2%AddedHistory
RAILFreightCar America, Inc.COM786,412$3.01M1.8%+728+0.1%AddedHistory
CACCamden National CorpCOM89,568$2.99M1.8%00.0%UnchangedHistory
SSPE.W. Scripps CoCL A NEW713,079$2.79M1.7%+80,346+12.7%AddedHistory
CRD.BCrawford & CoCL B272,234$2.47M1.5%+5,000+1.9%AddedHistory
SCXStarrett L S CoCL A68,737$2.34M1.4%−4,500−6.1%ReducedHistory
FSTRFoster L B CoCOM79,798$2.17M1.3%00.0%UnchangedHistory
NODKNI Holdings, Inc.COM129,900$1.93M1.2%00.0%UnchangedHistory
UISUnisys CorpCOM NEW345,347$1.70M1.0%00.0%UnchangedHistory
CTGOContango Silver & Gold Inc.COM70,147$1.39M0.9%00.0%UnchangedHistory
DORMDorman Products, Inc.COM12,590$1.21M0.7%−4,500−26.3%ReducedHistory
SIFSifco Industries IncCOM378,608$1.20M0.7%00.0%UnchangedHistory
CECOCeco Environmental CorpCOM49,128$1.13M0.7%−41,030−45.5%ReducedHistory
MPBMid Penn Bancorp IncCOM51,732$1.04M0.6%00.0%UnchangedHistory
FNBFNB CorpCOM64,075$903.5K0.6%00.0%UnchangedHistory
CFGCitizens Financial Group IncCOM23,585$855.7K0.5%00.0%UnchangedHistory
VBFCVillage Bank & Trust Financial Corp.COM NEW19,745$821.6K0.5%00.0%UnchangedHistory
CZNCCitizens & Northern CorpCOM42,900$798.4K0.5%00.0%UnchangedHistory
HONEHarborOne Bancorp, Inc.COM NEW72,414$769.8K0.5%+72,414NewHistory
DGICADonegal Group IncCL A46,490$656.4K0.4%00.0%UnchangedHistory
CLBKColumbia Financial, Inc.COM33,794$581.6K0.4%00.0%UnchangedHistory
First BK Williamstown New Je31931U102COM41,143$563.2K0.3%00.0%Unchanged–
ACNTAscent Industries Co.COM55,593$555.9K0.3%00.0%UnchangedHistory
ICCHICC Holdings, Inc.COM33,367$533.5K0.3%00.0%UnchangedHistory
SSBSouthState Bank CorpCOM5,661$481.1K0.3%00.0%UnchangedHistory
CPBICentral Plains Bancshares, Inc.COM45,071$460.6K0.3%+15,676+53.3%AddedHistory
HBNCHorizon Bancorp IncCOM35,052$449.0K0.3%00.0%UnchangedHistory
NWBINorthwest Bancshares, Inc.COM38,000$442.7K0.3%00.0%UnchangedHistory
ECBKECB Bancorp, Inc.COM32,365$417.8K0.3%00.0%UnchangedHistory
CZFSCitizens Financial Services IncCOM7,726$380.1K0.2%00.0%UnchangedHistory
USLMUnited States Lime & Minerals IncCOM1,250$371.5K0.2%−3,296−72.5%ReducedHistory
NWFLNorwood Financial CorpCOM13,681$366.5K0.2%00.0%UnchangedHistory
FCFFirst Commonwealth Financial CorpCOM25,560$355.3K0.2%00.0%UnchangedHistory
LSBKLake Shore Bancorp, Inc.COM30,118$349.4K0.2%00.0%UnchangedHistory
FRMEFirst Merchants CorpCOM9,875$344.1K0.2%00.0%UnchangedHistory
RMBIRichmond Mutual Bancorporation, Inc.COM30,000$333.6K0.2%00.0%UnchangedHistory
CBUCommunity Financial System, Inc.COM6,618$317.5K0.2%00.0%UnchangedHistory
DLXDeluxe CorpCOM13,900$286.2K0.2%00.0%UnchangedHistory
EBMTEagle Bancorp Montana, Inc.COM21,098$270.9K0.2%00.0%UnchangedHistory
FSFGFirst Savings Financial Group, Inc.COM16,221$266.2K0.2%00.0%UnchangedHistory
PBBKPB Bankshares, Inc.COM20,560$263.2K0.2%00.0%UnchangedHistory
DGICBDonegal Group IncCL B17,856$227.7K0.1%00.0%UnchangedHistory
PRAProassurance CorpCOM17,234$221.6K0.1%00.0%UnchangedHistory
ASRVAmeriserv Financial IncCOM58,200$150.2K0.1%00.0%UnchangedHistory
GVPGse Systems IncCOM63,914$148.3K0.1%−13,427−17.4%ReducedHistory

Sold out since Q4 2023 (1)

Positions held at the end of Q4 2023 that are gone from this filing.

Positions of Minerva Advisors LLC sold out since Q4 2023
SecurityClassShares in Q4 2023Value in Q4 2023% of portfolio in Q4 2023History
CIXCompx International IncCL A27,847$704.0K0.4%History