Minerva Advisors LLC
- SEC CIK
- 0001541536
- Latest filing
- Aug 12, 2026
Holdings in Q3 2025
Holdings as of Sep 30, 2025, filed Nov 12, 2025. Long positions only; changes compare share counts with Q2 2025.
- Positions
- 56
- 0 vs. Q2 2025
- Portfolio value
- $157.5M
- +$4.86M (+3.2%) vs. Q2 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| ASRVAmeriserv Financial Inc | COM | 58,200 | $168.8K | 0.1% | 00.0% | Unchanged | History |
| DLXDeluxe Corp | COM | 13,900 | $269.1K | 0.2% | 00.0% | Unchanged | History |
| DGICBDonegal Group Inc | CL B | 17,856 | $285.9K | 0.2% | 00.0% | Unchanged | History |
| NWFLNorwood Financial Corp | COM | 13,681 | $347.8K | 0.2% | 00.0% | Unchanged | History |
| EBMTEagle Bancorp Montana, Inc. | COM | 21,098 | $364.4K | 0.2% | 00.0% | Unchanged | History |
| FRMEFirst Merchants Corp | COM | 9,875 | $372.3K | 0.2% | 00.0% | Unchanged | History |
| CBUCommunity Financial System, Inc. | COM | 6,618 | $388.1K | 0.2% | 00.0% | Unchanged | History |
| ACNTAscent Industries Co. | COM | 30,415 | $391.7K | 0.2% | 00.0% | Unchanged | History |
| PBBKPB Bankshares, Inc. | COM | 20,560 | $394.3K | 0.3% | 00.0% | Unchanged | History |
| PRAProassurance Corp | COM | 17,234 | $413.4K | 0.3% | 00.0% | Unchanged | History |
| RMBIRichmond Mutual Bancorporation, Inc. | COM | 30,000 | $426.3K | 0.3% | 00.0% | Unchanged | History |
| FCFFirst Commonwealth Financial Corp | COM | 25,560 | $435.8K | 0.3% | 00.0% | Unchanged | History |
| NWBINorthwest Bancshares, Inc. | COM | 38,000 | $470.8K | 0.3% | 00.0% | Unchanged | History |
| CZFSCitizens Financial Services Inc | COM | 7,881 | $475.1K | 0.3% | 00.0% | Unchanged | History |
| CLBKColumbia Financial, Inc. | COM | 33,794 | $507.2K | 0.3% | 00.0% | Unchanged | History |
| FSFGFirst Savings Financial Group, Inc. | COM | 16,221 | $509.8K | 0.3% | 00.0% | Unchanged | History |
| KELYAKelly Services Inc | CL A | 40,000 | $524.8K | 0.3% | 00.0% | Unchanged | History |
| SSBSouthState Bank Corp | COM | 5,661 | $559.6K | 0.4% | 00.0% | Unchanged | History |
| HBNCHorizon Bancorp Inc | COM | 35,052 | $561.2K | 0.4% | 00.0% | Unchanged | History |
| LSBKLake Shore Bancorp, Inc. | COM | 44,259 | $575.4K | 0.4% | +44,259 | New | History |
| MBBCMarathon Bancorp, Inc. | COM NEW | 58,976 | $615.1K | 0.4% | +4,258+7.8% | Added | History |
| First BK Williamstown New Je31931U102 | COM | 41,143 | $670.2K | 0.4% | 00.0% | Unchanged | – |
| ECBKECB Bancorp, Inc. | COM | 49,940 | $792.5K | 0.5% | 00.0% | Unchanged | History |
| CPBICentral Plains Bancshares, Inc. | COM | 49,117 | $800.6K | 0.5% | 00.0% | Unchanged | History |
| USLMUnited States Lime & Minerals Inc | COM | 6,250 | $822.2K | 0.5% | 00.0% | Unchanged | History |
| CZNCCitizens & Northern Corp | COM | 42,900 | $849.8K | 0.5% | 00.0% | Unchanged | History |
| DGICADonegal Group Inc | CL A | 46,490 | $901.4K | 0.6% | 00.0% | Unchanged | History |
| FNBFNB Corp | COM | 64,075 | $1.03M | 0.7% | 00.0% | Unchanged | History |
| CFGCitizens Financial Group Inc | COM | 21,485 | $1.14M | 0.7% | −2,100−8.9% | Reduced | History |
| HONEHarborOne Bancorp, Inc. | COM NEW | 88,414 | $1.20M | 0.8% | 00.0% | Unchanged | History |
| DORMDorman Products, Inc. | COM | 8,590 | $1.34M | 0.9% | 00.0% | Unchanged | History |
| UISUnisys Corp | COM NEW | 345,347 | $1.35M | 0.9% | 00.0% | Unchanged | History |
| MPBMid Penn Bancorp Inc | COM | 54,177 | $1.55M | 1.0% | 00.0% | Unchanged | History |
| NODKNI Holdings, Inc. | COM | 129,900 | $1.76M | 1.1% | 00.0% | Unchanged | History |
| CTGOContango Silver & Gold Inc. | COM | 76,147 | $1.90M | 1.2% | 00.0% | Unchanged | History |
| FSTRFoster L B Co | COM | 83,965 | $2.26M | 1.4% | 00.0% | Unchanged | History |
| THRYThryv Holdings, Inc. | COM NEW | 202,329 | $2.44M | 1.5% | 00.0% | Unchanged | History |
| RAILFreightCar America, Inc. | COM | 258,546 | $2.53M | 1.6% | +39,541+18.1% | Added | History |
| CRD.BCrawford & Co | CL B | 288,334 | $2.82M | 1.8% | +6,646+2.4% | Added | History |
| SGASaga Communications Inc | CL A NEW | 226,688 | $2.82M | 1.8% | 00.0% | Unchanged | History |
| SIFSifco Industries Inc | COM | 466,901 | $3.29M | 2.1% | 00.0% | Unchanged | History |
| SSPE.W. Scripps Co | CL A NEW | 1,385,920 | $3.41M | 2.2% | +126,078+10.0% | Added | History |
| KEQUKewaunee Scientific Corp | COM | 80,274 | $3.42M | 2.2% | +2,832+3.7% | Added | History |
| CACCamden National Corp | COM | 89,568 | $3.46M | 2.2% | 00.0% | Unchanged | History |
| PBHCPathfinder Bancorp, Inc. | COM | 262,204 | $4.11M | 2.6% | 00.0% | Unchanged | History |
| NVGSNavigator Holdings Ltd. | SHS | 301,212 | $4.67M | 3.0% | 00.0% | Unchanged | History |
| UFIUnifi Inc | COM NEW | 1,152,481 | $5.49M | 3.5% | +67,272+6.2% | Added | History |
| UTMDUtah Medical Products Inc | COM | 93,058 | $5.86M | 3.7% | 00.0% | Unchanged | History |
| DLHCDLH Holdings Corp. | COM | 1,116,802 | $6.31M | 4.0% | +6,059+0.5% | Added | History |
| ESCAEscalade Inc | COM | 550,192 | $6.92M | 4.4% | +12,378+2.3% | Added | History |
| ATROAstronics Corp | COM | 195,041 | $8.90M | 5.6% | −60,864−23.8% | Reduced | History |
| VIRCVirco Mfg Corporation | COM | 1,362,502 | $10.6M | 6.7% | +78,986+6.2% | Added | History |
| INFUInfuSystem Holdings, Inc | COM | 1,025,789 | $10.6M | 6.7% | +31,008+3.1% | Added | History |
| EMLEastern Co | COM | 530,053 | $12.4M | 7.9% | +5,000+1.0% | Added | History |
| TGTredegar Corp | COM | 1,657,107 | $13.3M | 8.5% | 00.0% | Unchanged | History |
| GLDDGreat Lakes Dredge & Dock CORP | COM | 1,389,807 | $16.7M | 10.6% | 00.0% | Unchanged | History |
Sold out since Q2 2025 (1)
Positions held at the end of Q2 2025 that are gone from this filing.