Minerva Advisors LLC
- SEC CIK
- 0001541536
- Latest filing
- Aug 12, 2026
Holdings in Q1 2025
Holdings as of Mar 31, 2025, filed May 9, 2025. Long positions only; changes compare share counts with Q4 2024.
- Positions
- 55
- −2 vs. Q4 2024
- Portfolio value
- $140.7M
- −$30.3M (−17.7%) vs. Q4 2024
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| ASRVAmeriserv Financial Inc | COM | 58,200 | $141.4K | 0.1% | 00.0% | Unchanged | History |
| DLXDeluxe Corp | COM | 13,900 | $219.8K | 0.2% | 00.0% | Unchanged | History |
| DGICBDonegal Group Inc | CL B | 17,856 | $295.5K | 0.2% | 00.0% | Unchanged | History |
| NWFLNorwood Financial Corp | COM | 13,681 | $330.7K | 0.2% | 00.0% | Unchanged | History |
| PBBKPB Bankshares, Inc. | COM | 20,560 | $338.2K | 0.2% | 00.0% | Unchanged | History |
| EBMTEagle Bancorp Montana, Inc. | COM | 21,098 | $353.4K | 0.3% | 00.0% | Unchanged | History |
| CBUCommunity Financial System, Inc. | COM | 6,618 | $376.3K | 0.3% | 00.0% | Unchanged | History |
| RMBIRichmond Mutual Bancorporation, Inc. | COM | 30,000 | $384.0K | 0.3% | 00.0% | Unchanged | History |
| ACNTAscent Industries Co. | COM | 30,415 | $385.1K | 0.3% | 00.0% | Unchanged | History |
| FCFFirst Commonwealth Financial Corp | COM | 25,560 | $397.2K | 0.3% | 00.0% | Unchanged | History |
| FRMEFirst Merchants Corp | COM | 9,875 | $399.3K | 0.3% | 00.0% | Unchanged | History |
| PRAProassurance Corp | COM | 17,234 | $402.4K | 0.3% | 00.0% | Unchanged | History |
| FSFGFirst Savings Financial Group, Inc. | COM | 16,221 | $417.9K | 0.3% | 00.0% | Unchanged | History |
| CZFSCitizens Financial Services Inc | COM | 7,803 | $453.0K | 0.3% | 00.0% | Unchanged | History |
| NWBINorthwest Bancshares, Inc. | COM | 38,000 | $456.8K | 0.3% | 00.0% | Unchanged | History |
| LSBKLake Shore Bancorp, Inc. | COM | 30,118 | $475.9K | 0.3% | 00.0% | Unchanged | History |
| CLBKColumbia Financial, Inc. | COM | 33,794 | $506.9K | 0.4% | 00.0% | Unchanged | History |
| SSBSouthState Bank Corp | COM | 5,661 | $525.5K | 0.4% | 00.0% | Unchanged | History |
| HBNCHorizon Bancorp Inc | COM | 35,052 | $528.6K | 0.4% | 00.0% | Unchanged | History |
| USLMUnited States Lime & Minerals Inc | COM | 6,250 | $552.4K | 0.4% | 00.0% | Unchanged | History |
| First BK Williamstown New Je31931U102 | COM | 41,143 | $609.3K | 0.4% | 00.0% | Unchanged | – |
| CTGOContango Silver & Gold Inc. | COM | 70,147 | $716.2K | 0.5% | 00.0% | Unchanged | History |
| CPBICentral Plains Bancshares, Inc. | COM | 49,117 | $732.8K | 0.5% | 00.0% | Unchanged | History |
| ECBKECB Bancorp, Inc. | COM | 49,940 | $756.6K | 0.5% | +13,500+37.0% | Added | History |
| FNBFNB Corp | COM | 64,075 | $861.8K | 0.6% | 00.0% | Unchanged | History |
| CZNCCitizens & Northern Corp | COM | 42,900 | $863.1K | 0.6% | 00.0% | Unchanged | History |
| DGICADonegal Group Inc | CL A | 46,490 | $912.6K | 0.6% | 00.0% | Unchanged | History |
| HONEHarborOne Bancorp, Inc. | COM NEW | 88,414 | $916.9K | 0.7% | 00.0% | Unchanged | History |
| CFGCitizens Financial Group Inc | COM | 23,585 | $966.3K | 0.7% | 00.0% | Unchanged | History |
| DORMDorman Products, Inc. | COM | 8,590 | $1.04M | 0.7% | 00.0% | Unchanged | History |
| RAILFreightCar America, Inc. | COM | 219,005 | $1.21M | 0.9% | 00.0% | Unchanged | History |
| SIFSifco Industries Inc | COM | 466,751 | $1.29M | 0.9% | 00.0% | Unchanged | History |
| MPBMid Penn Bancorp Inc | COM | 51,732 | $1.34M | 1.0% | 00.0% | Unchanged | History |
| FSTRFoster L B Co | COM | 79,798 | $1.57M | 1.1% | 00.0% | Unchanged | History |
| VBFCVillage Bank & Trust Financial Corp. | COM NEW | 19,745 | $1.58M | 1.1% | 00.0% | Unchanged | History |
| UISUnisys Corp | COM NEW | 345,347 | $1.59M | 1.1% | 00.0% | Unchanged | History |
| NODKNI Holdings, Inc. | COM | 129,900 | $1.85M | 1.3% | 00.0% | Unchanged | History |
| THRYThryv Holdings, Inc. | COM NEW | 202,329 | $2.59M | 1.8% | −21,500−9.6% | Reduced | History |
| SGASaga Communications Inc | CL A NEW | 226,688 | $2.83M | 2.0% | 00.0% | Unchanged | History |
| KEQUKewaunee Scientific Corp | COM | 73,765 | $2.90M | 2.1% | −35,728−32.6% | Reduced | History |
| CRD.BCrawford & Co | CL B | 276,688 | $3.16M | 2.2% | 00.0% | Unchanged | History |
| CACCamden National Corp | COM | 89,568 | $3.62M | 2.6% | 00.0% | Unchanged | History |
| SSPE.W. Scripps Co | CL A NEW | 1,259,842 | $3.73M | 2.7% | +92,000+7.9% | Added | History |
| NVGSNavigator Holdings Ltd. | SHS | 301,212 | $4.01M | 2.8% | −5,000−1.6% | Reduced | History |
| DLHCDLH Holdings Corp. | COM | 1,018,397 | $4.12M | 2.9% | +170,805+20.2% | Added | History |
| PBHCPathfinder Bancorp, Inc. | COM | 262,204 | $4.31M | 3.1% | 00.0% | Unchanged | History |
| UFIUnifi Inc | COM NEW | 907,774 | $4.37M | 3.1% | +52,533+6.1% | Added | History |
| UTMDUtah Medical Products Inc | COM | 86,902 | $4.87M | 3.5% | +8,513+10.9% | Added | History |
| INFUInfuSystem Holdings, Inc | COM | 910,677 | $4.90M | 3.5% | +63,826+7.5% | Added | History |
| ESCAEscalade Inc | COM | 537,814 | $8.23M | 5.8% | 00.0% | Unchanged | History |
| ATROAstronics Corp | COM | 463,105 | $11.2M | 8.0% | 00.0% | Unchanged | History |
| VIRCVirco Mfg Corporation | COM | 1,210,455 | $11.5M | 8.1% | +47,866+4.1% | Added | History |
| GLDDGreat Lakes Dredge & Dock CORP | COM | 1,389,807 | $12.1M | 8.6% | +48,000+3.6% | Added | History |
| TGTredegar Corp | COM | 1,657,107 | $12.8M | 9.1% | 00.0% | Unchanged | History |
| EMLEastern Co | COM | 505,987 | $12.8M | 9.1% | +5,009+1.0% | Added | History |
Sold out since Q4 2024 (2)
Positions held at the end of Q4 2024 that are gone from this filing.