Minerva Advisors LLC
- SEC CIK
- 0001541536
- Latest filing
- Aug 12, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 9, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 57
- +1 vs. Q3 2025
- Portfolio value
- $149.7M
- −$7.73M (−4.9%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| ASRVAmeriserv Financial Inc | COM | 58,200 | $185.7K | 0.1% | 00.0% | Unchanged | History |
| DLXDeluxe Corp | COM | 13,900 | $310.4K | 0.2% | 00.0% | Unchanged | History |
| DGICBDonegal Group Inc | CL B | 17,856 | $315.9K | 0.2% | 00.0% | Unchanged | History |
| SGASaga Communications Inc | CL A NEW | 31,831 | $364.5K | 0.2% | −194,857−86.0% | Reduced | History |
| FRMEFirst Merchants Corp | COM | 9,875 | $370.1K | 0.2% | 00.0% | Unchanged | History |
| CBUCommunity Financial System, Inc. | COM | 6,618 | $380.1K | 0.3% | 00.0% | Unchanged | History |
| NWFLNorwood Financial Corp | COM | 13,681 | $383.8K | 0.3% | 00.0% | Unchanged | History |
| PRAProassurance Corp | COM | 17,234 | $416.4K | 0.3% | 00.0% | Unchanged | History |
| EBMTEagle Bancorp Montana, Inc. | COM | 21,098 | $419.9K | 0.3% | 00.0% | Unchanged | History |
| RMBIRichmond Mutual Bancorporation, Inc. | COM | 30,224 | $424.3K | 0.3% | +224+0.7% | Added | History |
| FCFFirst Commonwealth Financial Corp | COM | 25,560 | $430.9K | 0.3% | 00.0% | Unchanged | History |
| PBBKPB Bankshares, Inc. | COM | 20,560 | $434.8K | 0.3% | 00.0% | Unchanged | History |
| CZFSCitizens Financial Services Inc | COM | 7,881 | $449.4K | 0.3% | 00.0% | Unchanged | History |
| NWBINorthwest Bancshares, Inc. | COM | 38,000 | $456.0K | 0.3% | 00.0% | Unchanged | History |
| ACNTAscent Industries Co. | COM | 30,415 | $492.4K | 0.3% | 00.0% | Unchanged | History |
| KELYAKelly Services Inc | CL A | 58,400 | $513.9K | 0.3% | +18,400+46.0% | Added | History |
| FSFGFirst Savings Financial Group, Inc. | COM | 16,221 | $516.8K | 0.3% | 00.0% | Unchanged | History |
| CLBKColumbia Financial, Inc. | COM | 33,794 | $525.2K | 0.4% | 00.0% | Unchanged | History |
| SSBSouthState Bank Corp | COM | 5,661 | $532.8K | 0.4% | 00.0% | Unchanged | History |
| HBNCHorizon Bancorp Inc | COM | 35,052 | $594.5K | 0.4% | 00.0% | Unchanged | History |
| LSBKLake Shore Bancorp, Inc. | COM | 44,259 | $648.8K | 0.4% | 00.0% | Unchanged | History |
| FMCFMC Corp | COM NEW | 48,000 | $665.8K | 0.4% | +48,000 | New | History |
| First BK Williamstown New Je31931U102 | COM | 41,143 | $677.2K | 0.5% | 00.0% | Unchanged | – |
| MBBCMarathon Bancorp, Inc. | COM NEW | 58,976 | $717.1K | 0.5% | 00.0% | Unchanged | History |
| USLMUnited States Lime & Minerals Inc | COM | 6,250 | $748.4K | 0.5% | 00.0% | Unchanged | History |
| CPBICentral Plains Bancshares, Inc. | COM | 49,117 | $831.1K | 0.6% | 00.0% | Unchanged | History |
| CZNCCitizens & Northern Corp | COM | 42,900 | $865.3K | 0.6% | 00.0% | Unchanged | History |
| ECBKECB Bancorp, Inc. | COM | 49,940 | $868.5K | 0.6% | 00.0% | Unchanged | History |
| THRYThryv Holdings, Inc. | COM NEW | 148,329 | $897.4K | 0.6% | −54,000−26.7% | Reduced | History |
| DGICADonegal Group Inc | CL A | 46,490 | $928.9K | 0.6% | 00.0% | Unchanged | History |
| UISUnisys Corp | COM NEW | 345,347 | $953.2K | 0.6% | 00.0% | Unchanged | History |
| DORMDorman Products, Inc. | COM | 8,590 | $1.06M | 0.7% | 00.0% | Unchanged | History |
| FNBFNB Corp | COM | 64,075 | $1.10M | 0.7% | 00.0% | Unchanged | History |
| EBCEastern Bankshares, Inc. | COM | 62,576 | $1.15M | 0.8% | +62,576 | New | History |
| CFGCitizens Financial Group Inc | COM | 21,485 | $1.25M | 0.8% | 00.0% | Unchanged | History |
| MPBMid Penn Bancorp Inc | COM | 54,177 | $1.68M | 1.1% | 00.0% | Unchanged | History |
| NODKNI Holdings, Inc. | COM | 129,900 | $1.73M | 1.2% | 00.0% | Unchanged | History |
| CTGOContango Silver & Gold Inc. | COM | 76,147 | $2.01M | 1.3% | 00.0% | Unchanged | History |
| FSTRFoster L B Co | COM | 83,965 | $2.26M | 1.5% | 00.0% | Unchanged | History |
| SIFSifco Industries Inc | COM | 488,984 | $2.73M | 1.8% | +22,083+4.7% | Added | History |
| RAILFreightCar America, Inc. | COM | 267,046 | $2.96M | 2.0% | +8,500+3.3% | Added | History |
| CRD.BCrawford & Co | CL B | 288,178 | $3.09M | 2.1% | −156−0.1% | Reduced | History |
| PBHCPathfinder Bancorp, Inc. | COM | 262,204 | $3.70M | 2.5% | 00.0% | Unchanged | History |
| CACCamden National Corp | COM | 89,568 | $3.89M | 2.6% | 00.0% | Unchanged | History |
| UFIUnifi Inc | COM NEW | 1,222,420 | $4.28M | 2.9% | +69,939+6.1% | Added | History |
| KEQUKewaunee Scientific Corp | COM | 121,863 | $4.56M | 3.0% | +41,589+51.8% | Added | History |
| NVGSNavigator Holdings Ltd. | SHS | 301,212 | $5.22M | 3.5% | 00.0% | Unchanged | History |
| UTMDUtah Medical Products Inc | COM | 93,615 | $5.24M | 3.5% | +557+0.6% | Added | History |
| SSPE.W. Scripps Co | CL A NEW | 1,385,920 | $5.53M | 3.7% | 00.0% | Unchanged | History |
| ATROAstronics Corp | COM | 102,244 | $5.55M | 3.7% | −92,797−47.6% | Reduced | History |
| DLHCDLH Holdings Corp. | COM | 1,113,057 | $6.29M | 4.2% | −3,745−0.3% | Reduced | History |
| ESCAEscalade Inc | COM | 567,621 | $7.66M | 5.1% | +17,429+3.2% | Added | History |
| VIRCVirco Mfg Corporation | COM | 1,448,198 | $9.25M | 6.2% | +85,696+6.3% | Added | History |
| INFUInfuSystem Holdings, Inc | COM | 1,078,731 | $9.68M | 6.5% | +52,942+5.2% | Added | History |
| EMLEastern Co | COM | 529,084 | $10.4M | 7.0% | −969−0.2% | Reduced | History |
| TGTredegar Corp | COM | 1,657,107 | $11.9M | 7.9% | 00.0% | Unchanged | History |
| GLDDGreat Lakes Dredge & Dock CORP | COM | 1,389,807 | $18.2M | 12.2% | 00.0% | Unchanged | History |
Sold out since Q3 2025 (1)
Positions held at the end of Q3 2025 that are gone from this filing.