Minerva Advisors LLC
- SEC CIK
- 0001541536
- Latest filing
- Aug 12, 2026
Holdings in Q1 2026
Holdings as of Mar 31, 2026, filed May 12, 2026. Long positions only; changes compare share counts with Q4 2025.
- Positions
- 48
- −9 vs. Q4 2025
- Portfolio value
- $154.9M
- +$5.19M (+3.5%) vs. Q4 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| GLDDGreat Lakes Dredge & Dock CORP | COM | 1,029,703 | $17.5M | 11.3% | −360,104−25.9% | Reduced | History |
| TGTredegar Corp | COM | 1,665,607 | $13.2M | 8.5% | +8,500+0.5% | Added | History |
| INFUInfuSystem Holdings, Inc | COM | 1,204,105 | $11.1M | 7.2% | +125,374+11.6% | Added | History |
| EMLEastern Co | COM | 546,402 | $11.1M | 7.1% | +17,318+3.3% | Added | History |
| ESCAEscalade Inc | COM | 567,621 | $9.75M | 6.3% | 00.0% | Unchanged | History |
| VIRCVirco Mfg Corporation | COM | 1,517,452 | $9.29M | 6.0% | +69,254+4.8% | Added | History |
| DLHCDLH Holdings Corp. | COM | 1,113,037 | $6.48M | 4.2% | −200.0% | Reduced | History |
| SIFSifco Industries Inc | COM | 480,650 | $6.40M | 4.1% | −8,334−1.7% | Reduced | History |
| UTMDUtah Medical Products Inc | COM | 93,615 | $5.80M | 3.7% | 00.0% | Unchanged | History |
| NVGSNavigator Holdings Ltd. | SHS | 296,212 | $5.73M | 3.7% | −5,000−1.7% | Reduced | History |
| SSPE.W. Scripps Co | CL A NEW | 1,526,490 | $5.68M | 3.7% | +140,570+10.1% | Added | History |
| ATROAstronics Corp | COM | 70,340 | $4.69M | 3.0% | −31,904−31.2% | Reduced | History |
| KEQUKewaunee Scientific Corp | COM | 136,705 | $4.68M | 3.0% | +14,842+12.2% | Added | History |
| UFIUnifi Inc | COM NEW | 1,258,626 | $4.49M | 2.9% | +36,206+3.0% | Added | History |
| CACCamden National Corp | COM | 89,568 | $4.25M | 2.7% | 00.0% | Unchanged | History |
| PBHCPathfinder Bancorp, Inc. | COM | 262,204 | $3.35M | 2.2% | 00.0% | Unchanged | History |
| CRD.BCrawford & Co | CL B | 288,178 | $2.92M | 1.9% | 00.0% | Unchanged | History |
| RAILFreightCar America, Inc. | COM | 341,023 | $2.72M | 1.8% | +73,977+27.7% | Added | History |
| FSTRFoster L B Co | COM | 83,965 | $2.34M | 1.5% | 00.0% | Unchanged | History |
| KELYAKelly Services Inc | CL A | 199,796 | $1.77M | 1.1% | +141,396+242.1% | Added | History |
| MPBMid Penn Bancorp Inc | COM | 54,177 | $1.74M | 1.1% | 00.0% | Unchanged | History |
| NODKNI Holdings, Inc. | COM | 129,900 | $1.67M | 1.1% | 00.0% | Unchanged | History |
| CFGCitizens Financial Group Inc | COM | 21,485 | $1.29M | 0.8% | 00.0% | Unchanged | History |
| EBCEastern Bankshares, Inc. | COM | 62,576 | $1.22M | 0.8% | 00.0% | Unchanged | History |
| CTGOContango Silver & Gold Inc. | COM | 59,647 | $1.12M | 0.7% | −16,500−21.7% | Reduced | History |
| FNBFNB Corp | COM | 64,075 | $1.07M | 0.7% | 00.0% | Unchanged | History |
| CZNCCitizens & Northern Corp | COM | 42,900 | $958.4K | 0.6% | 00.0% | Unchanged | History |
| FRMEFirst Merchants Corp | COM | 23,662 | $916.4K | 0.6% | +13,787+139.6% | Added | History |
| NWFLNorwood Financial Corp | COM | 28,580 | $840.8K | 0.5% | +14,899+108.9% | Added | History |
| CPBICentral Plains Bancshares, Inc. | COM | 49,117 | $840.4K | 0.5% | 00.0% | Unchanged | History |
| ECBKECB Bancorp, Inc. | COM | 49,940 | $835.5K | 0.5% | 00.0% | Unchanged | History |
| FMCFMC Corp | COM NEW | 48,000 | $826.6K | 0.5% | 00.0% | Unchanged | History |
| DGICADonegal Group Inc | CL A | 46,490 | $798.7K | 0.5% | 00.0% | Unchanged | History |
| MBBCMarathon Bancorp, Inc. | COM NEW | 58,976 | $797.9K | 0.5% | 00.0% | Unchanged | History |
| UISUnisys Corp | COM NEW | 345,347 | $714.9K | 0.5% | 00.0% | Unchanged | History |
| LSBKLake Shore Bancorp, Inc. | COM | 44,259 | $671.9K | 0.4% | 00.0% | Unchanged | History |
| First BK Williamstown New Je31931U102 | COM | 41,143 | $658.3K | 0.4% | 00.0% | Unchanged | – |
| CLBKColumbia Financial, Inc. | COM | 33,794 | $591.7K | 0.4% | 00.0% | Unchanged | History |
| HBNCHorizon Bancorp Inc | COM | 35,052 | $580.8K | 0.4% | 00.0% | Unchanged | History |
| NWBINorthwest Bancshares, Inc. | COM | 38,000 | $482.2K | 0.3% | 00.0% | Unchanged | History |
| FCFFirst Commonwealth Financial Corp | COM | 25,560 | $449.3K | 0.3% | 00.0% | Unchanged | History |
| EBMTEagle Bancorp Montana, Inc. | COM | 21,098 | $434.2K | 0.3% | 00.0% | Unchanged | History |
| PRAProassurance Corp | COM | 17,234 | $426.0K | 0.3% | 00.0% | Unchanged | History |
| RMBIRichmond Mutual Bancorporation, Inc. | COM | 30,224 | $410.1K | 0.3% | 00.0% | Unchanged | History |
| THRYThryv Holdings, Inc. | COM NEW | 144,329 | $395.5K | 0.3% | −4,000−2.7% | Reduced | History |
| DLXDeluxe Corp | COM | 13,900 | $382.8K | 0.2% | 00.0% | Unchanged | History |
| DGICBDonegal Group Inc | CL B | 17,856 | $315.9K | 0.2% | 00.0% | Unchanged | History |
| ASRVAmeriserv Financial Inc | COM | 58,200 | $210.7K | 0.1% | 00.0% | Unchanged | History |
Sold out since Q4 2025 (9)
Positions held at the end of Q4 2025 that are gone from this filing.
| Security | Class | Shares in Q4 2025 | Value in Q4 2025 | % of portfolio in Q4 2025 | History |
|---|---|---|---|---|---|
| DORMDorman Products, Inc. | COM | 8,590 | $1.06M | 0.7% | History |
| USLMUnited States Lime & Minerals Inc | COM | 6,250 | $748.4K | 0.5% | History |
| SSBSouthState Bank Corp | COM | 5,661 | $532.8K | 0.4% | History |
| FSFGFirst Savings Financial Group, Inc. | COM | 16,221 | $516.8K | 0.3% | History |
| ACNTAscent Industries Co. | COM | 30,415 | $492.4K | 0.3% | History |
| CZFSCitizens Financial Services Inc | COM | 7,881 | $449.4K | 0.3% | History |
| PBBKPB Bankshares, Inc. | COM | 20,560 | $434.8K | 0.3% | History |
| CBUCommunity Financial System, Inc. | COM | 6,618 | $380.1K | 0.3% | History |
| SGASaga Communications Inc | CL A NEW | 31,831 | $364.5K | 0.2% | History |