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Minerva Advisors LLC

SEC CIK
0001541536
Latest filing
Aug 12, 2026

Holdings in Q2 2024

Holdings as of Jun 30, 2024, filed Aug 12, 2024. Long positions only; changes compare share counts with Q1 2024.

Institution overview
Positions
57
−2 vs. Q1 2024
Portfolio value
$150.0M
−$13.3M (−8.2%) vs. Q1 2024
Filed
Aug 12, 2024
SEC
Holdings of Minerva Advisors LLC in Q2 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
VIRCVirco Mfg CorporationCOM1,119,020$15.6M10.4%−3,081−0.3%ReducedHistory
USAPUniversal Stainless & Alloy Products IncCOM524,771$14.3M9.6%−248,074−32.1%ReducedHistory
EMLEastern CoCOM499,024$12.5M8.3%+10,430+2.1%AddedHistory
GLDDGreat Lakes Dredge & Dock CORPCOM1,322,337$11.6M7.7%+10,194+0.8%AddedHistory
ATROAstronics CorpCOM463,105$9.26M6.2%00.0%UnchangedHistory
TGTredegar CorpCOM1,607,750$7.70M5.1%+112,889+7.6%AddedHistory
ESCAEscalade IncCOM537,814$7.27M4.8%00.0%UnchangedHistory
INFUInfuSystem Holdings, IncCOM846,851$5.77M3.8%00.0%UnchangedHistory
DLHCDLH Holdings Corp.COM512,581$5.44M3.6%+7,000+1.4%AddedHistory
NVGSNavigator Holdings Ltd.SHS311,612$5.44M3.6%−21,000−6.3%ReducedHistory
KEQUKewaunee Scientific CorpCOM108,012$5.03M3.4%−36,570−25.3%ReducedHistory
UFIUnifi IncCOM NEW728,486$4.29M2.9%+146,493+25.2%AddedHistory
THRYThryv Holdings, Inc.COM NEW224,829$4.00M2.7%00.0%UnchangedHistory
SGASaga Communications IncCL A NEW232,630$3.62M2.4%−411−0.2%ReducedHistory
PBHCPathfinder Bancorp, Inc.COM262,204$3.41M2.3%00.0%UnchangedHistory
CACCamden National CorpCOM89,568$2.95M2.0%00.0%UnchangedHistory
RAILFreightCar America, Inc.COM786,412$2.72M1.8%00.0%UnchangedHistory
SSPE.W. Scripps CoCL A NEW802,960$2.51M1.7%+89,881+12.6%AddedHistory
CRD.BCrawford & CoCL B276,002$2.36M1.6%+3,768+1.4%AddedHistory
NODKNI Holdings, Inc.COM129,900$1.99M1.3%00.0%UnchangedHistory
FSTRFoster L B CoCOM79,798$1.73M1.2%00.0%UnchangedHistory
UISUnisys CorpCOM NEW345,347$1.43M1.0%00.0%UnchangedHistory
CTGOContango Silver & Gold Inc.COM70,147$1.25M0.8%00.0%UnchangedHistory
SIFSifco Industries IncCOM378,608$1.17M0.8%00.0%UnchangedHistory
DORMDorman Products, Inc.COM12,490$1.14M0.8%−100−0.8%ReducedHistory
MPBMid Penn Bancorp IncCOM51,732$1.13M0.8%00.0%UnchangedHistory
HONEHarborOne Bancorp, Inc.COM NEW88,414$983.2K0.7%+16,000+22.1%AddedHistory
VBFCVillage Bank & Trust Financial Corp.COM NEW19,745$883.8K0.6%00.0%UnchangedHistory
FNBFNB CorpCOM64,075$876.5K0.6%00.0%UnchangedHistory
CFGCitizens Financial Group IncCOM23,585$849.3K0.6%00.0%UnchangedHistory
CZNCCitizens & Northern CorpCOM42,900$760.2K0.5%00.0%UnchangedHistory
ICCHICC Holdings, Inc.COM33,367$747.4K0.5%00.0%UnchangedHistory
DGICADonegal Group IncCL A46,490$596.5K0.4%00.0%UnchangedHistory
First BK Williamstown New Je31931U102COM41,143$520.9K0.3%00.0%Unchanged–
CLBKColumbia Financial, Inc.COM33,794$505.9K0.3%00.0%UnchangedHistory
UTMDUtah Medical Products IncCOM7,534$502.7K0.3%+7,534NewHistory
CPBICentral Plains Bancshares, Inc.COM49,117$496.6K0.3%+4,046+9.0%AddedHistory
ECBKECB Bancorp, Inc.COM36,440$454.8K0.3%+4,075+12.6%AddedHistory
USLMUnited States Lime & Minerals IncCOM1,250$452.1K0.3%00.0%UnchangedHistory
NWBINorthwest Bancshares, Inc.COM38,000$438.9K0.3%00.0%UnchangedHistory
HBNCHorizon Bancorp IncCOM35,052$433.2K0.3%00.0%UnchangedHistory
SSBSouthState Bank CorpCOM5,661$432.4K0.3%00.0%UnchangedHistory
LSBKLake Shore Bancorp, Inc.COM30,118$362.0K0.2%00.0%UnchangedHistory
FCFFirst Commonwealth Financial CorpCOM25,560$353.0K0.2%00.0%UnchangedHistory
RMBIRichmond Mutual Bancorporation, Inc.COM30,000$352.2K0.2%00.0%UnchangedHistory
CZFSCitizens Financial Services IncCOM7,803$350.7K0.2%+77+1.0%AddedHistory
NWFLNorwood Financial CorpCOM13,681$342.7K0.2%00.0%UnchangedHistory
ACNTAscent Industries Co.COM34,915$334.5K0.2%−20,678−37.2%ReducedHistory
FRMEFirst Merchants CorpCOM9,875$328.5K0.2%00.0%UnchangedHistory
CBUCommunity Financial System, Inc.COM6,618$312.2K0.2%00.0%UnchangedHistory
DLXDeluxe CorpCOM13,900$312.2K0.2%00.0%UnchangedHistory
PBBKPB Bankshares, Inc.COM20,560$282.3K0.2%00.0%UnchangedHistory
FSFGFirst Savings Financial Group, Inc.COM16,221$282.2K0.2%00.0%UnchangedHistory
EBMTEagle Bancorp Montana, Inc.COM21,098$277.2K0.2%00.0%UnchangedHistory
PRAProassurance CorpCOM17,234$210.6K0.1%00.0%UnchangedHistory
DGICBDonegal Group IncCL B17,856$198.9K0.1%00.0%UnchangedHistory
ASRVAmeriserv Financial IncCOM58,200$129.8K0.1%00.0%UnchangedHistory

Sold out since Q1 2024 (3)

Positions held at the end of Q1 2024 that are gone from this filing.

Positions of Minerva Advisors LLC sold out since Q1 2024
SecurityClassShares in Q1 2024Value in Q1 2024% of portfolio in Q1 2024History
SCXStarrett L S CoCL A68,737$2.34M1.4%History
CECOCeco Environmental CorpCOM49,128$1.13M0.7%History
GVPGse Systems IncCOM63,914$148.3K0.1%History