Basic Stats
Insider Profile Minerva Advisors LLC
Portfolio Value $ 152,589,767
Current Positions 56
Latest Holdings, Performance, AUM (from 13F, 13D)

Minerva Advisors LLC has disclosed 56 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 152,589,767 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Minerva Advisors LLC’s top holdings are Great Lakes Dredge & Dock Corporation (US:GLDD) , Tredegar Corporation (US:TG) , The Eastern Company (US:EML) , Virco Mfg. Corporation (US:VIRC) , and Astronics Corporation (US:ATRO) . Minerva Advisors LLC’s new positions include Marathon Bancorp, Inc. (US:MBBC) , Kelly Services, Inc. (US:KELYA) , . Minerva Advisors LLC’s top industries are "Fabricated Metal Products, Except Machinery And Transportation Equipment" (sic 34) , "Engineering, Accounting, Research, Management, And Related Services" (sic 87) , and "Water Transportation" (sic 44) .

Minerva Advisors LLC - Portfolio Value
Top Increases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)
Value
(MM$)
Portfolio % ΔPortfolio %
0.20 4.68 2.2937 0.4515
0.05 0.54 0.3572 0.3572
0.04 0.47 0.3064 0.3064
1.11 6.44 3.1593 0.2278
0.08 1.49 0.7293 0.2203
0.08 4.50 2.2073 0.1426
0.22 1.89 0.9258 0.0650
Top Decreases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)
Value
(MM$)
Portfolio % ΔPortfolio %
0.26 8.56 4.1991 -3.7565
0.53 11.98 5.8759 -3.2300
1.28 10.24 5.0230 -3.1158
0.54 7.49 3.6714 -2.1771
1.66 14.58 7.1514 -1.9177
0.26 3.94 1.9314 -1.1324
0.09 5.27 2.5830 -0.8784
0.28 2.83 1.3856 -0.8603
1.26 3.69 1.8103 -0.8403
0.09 3.63 1.7820 -0.7943
13D/G Filings

This is a list of 13D and 13G filings made in the last year (if any). Click the link icon to see the full transaction history. Green rows indicate new positions. Red rows indicate closed positions.

File Date Form Security Prev
Shares
Current
Shares
ΔShares % % Ownership
% ΔOwnership
2025-06-06 13G/A NUVR / Nuvera Communications, Inc. 608,955 11.80
2025-04-11 13G UFI / Unifi, Inc. 921,787 5.00
2025-02-05 13G/A USAP / Universal Stainless & Alloy Products, Inc. 391,487 4.20
2024-11-01 13G/A KEQU / Kewaunee Scientific Corporation
2024-10-17 13G DLHC / DLH Holdings Corp.
13F and Fund Filings

This form was filed on 2025-08-13 for the reporting period 2025-06-30. Click the link icon to see the full transaction history.

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2022-07-28: Important Note - We have changed the treatment of the Δ Portfolio % column in this table. Previously, we were reporting it as the percent change in the portfolio allocation. We are now reporting it as the raw change in the portfolio allocation (still reported as a percent). In formula terms, we were previously reporting it as 100 * (current allocation - prior allocation ) / prior allocation. We are now reporting it as (current allocation - prior allocation).
Security Type Avg Share Price Shares
(MM)
ΔShares
(%)
ΔShares
(%)
Value
($MM)
Portfolio
(%)
ΔPortfolio
(%)
GLDD / Great Lakes Dredge & Dock Corporation 1.39 0.00 16.93 40.00 8.3015 -0.2925
TG / Tredegar Corporation 1.66 0.00 14.58 14.29 7.1514 -1.9177
EML / The Eastern Company 0.53 3.77 11.98 -6.48 5.8759 -3.2300
VIRC / Virco Mfg. Corporation 1.28 6.04 10.24 -10.55 5.0230 -3.1158
ATRO / Astronics Corporation 0.26 -44.74 8.56 -23.51 4.1991 -3.7565
ESCA / Escalade, Incorporated 0.54 0.00 7.49 -9.02 3.6714 -2.1771
DLHC / DLH Holdings Corp. 1.11 9.07 6.44 56.21 3.1593 0.2278
INFU / InfuSystem Holdings, Inc. 0.99 9.24 6.18 26.09 3.0295 -0.4528
UFI / Unifi, Inc. 1.09 19.55 5.66 29.73 2.7780 -0.3254
UTMD / Utah Medical Products, Inc. 0.09 7.08 5.27 8.17 2.5830 -0.8784
THRY / Thryv Holdings, Inc. 0.20 0.00 4.68 80.51 2.2937 0.4515
KEQU / Kewaunee Scientific Corporation 0.08 4.98 4.50 54.96 2.2073 0.1426
NVGS / Navigator Holdings Ltd. 0.30 0.00 4.30 7.18 2.1075 -0.7420
PBHC / Pathfinder Bancorp, Inc. 0.26 0.00 3.94 -8.63 1.9314 -1.1324
SSP / The E.W. Scripps Company 1.26 0.00 3.69 -1.02 1.8103 -0.8403
CAC / Camden National Corporation 0.09 0.00 3.63 0.25 1.7820 -0.7943
SGA / Saga Communications, Inc. 0.23 0.00 2.89 2.26 1.4174 -0.5918
CRD.B / Crawford & Company 0.28 1.81 2.83 -10.57 1.3856 -0.8603
RAIL / FreightCar America, Inc. 0.22 0.00 1.89 55.82 0.9258 0.0650
FSTR / L.B. Foster Company 0.08 5.22 1.83 16.62 0.8981 -0.2181
SIF / SIFCO Industries, Inc. 0.47 0.03 1.74 35.17 0.8541 -0.0616
NODK / NI Holdings, Inc. 0.13 0.00 1.65 -10.69 0.8116 -0.5050
UIS / Unisys Corporation 0.35 0.00 1.56 -1.32 0.7672 -0.3594
MPB / Mid Penn Bancorp, Inc. 0.05 4.73 1.53 13.81 0.7479 -0.2048
CTGO / Contango Ore, Inc. 0.08 8.55 1.49 107.68 0.7293 0.2203
CFG / Citizens Financial Group, Inc. 0.02 0.00 1.06 9.21 0.5176 -0.1692
DORM / Dorman Products, Inc. 0.01 0.00 1.05 1.74 0.5165 -0.2194
HONE / HarborOne Bancorp, Inc. 0.09 0.00 1.03 12.66 0.5064 -0.1452
FNB / F.N.B. Corporation 0.06 0.00 0.93 8.48 0.4581 -0.1544
DGICA / Donegal Group Inc. 0.05 0.00 0.93 1.97 0.4562 -0.1924
CZNC / Citizens & Northern Corporation 0.04 0.00 0.81 -5.91 0.3985 -0.2150
ECBK / ECB Bancorp, Inc. 0.05 0.00 0.77 1.98 0.3781 -0.1596
CPBI / Central Plains Bancshares, Inc. 0.05 0.00 0.74 1.09 0.3632 -0.1576
FRBA / First Bank 0.04 0.00 0.64 4.27 0.3115 -0.1216
USLM / United States Lime & Minerals, Inc. 0.01 0.00 0.62 12.86 0.3059 -0.0867
MBBC / Marathon Bancorp, Inc. 0.05 0.54 0.3572 0.3572
HBNC / Horizon Bancorp, Inc. 0.04 0.00 0.54 1.89 0.2639 -0.1118
SSB / SouthState Corporation 0.01 0.00 0.52 -0.95 0.2554 -0.1180
CLBK / Columbia Financial, Inc. 0.03 0.00 0.49 -3.16 0.2405 -0.1198
NWBI / Northwest Bancshares, Inc. 0.04 0.00 0.49 6.36 0.2382 -0.0865
LSBK / Lake Shore Bancorp, Inc. 0.03 1.18 0.48 1.26 0.2361 -0.1021
KELYA / Kelly Services, Inc. 0.04 0.47 0.3064 0.3064
CZFS / Citizens Financial Services, Inc. 0.01 1.00 0.46 2.21 0.2269 -0.0950
FCF / First Commonwealth Financial Corporation 0.03 0.00 0.42 4.53 0.2036 -0.0787
RMBI / Richmond Mutual Bancorporation, Inc. 0.03 0.00 0.41 7.81 0.2030 -0.0699
FSFG / First Savings Financial Group, Inc. 0.02 0.00 0.40 -3.36 0.1980 -0.0990
PRA / ProAssurance Corporation 0.02 0.00 0.39 -2.24 0.1930 -0.0931
ACNT / Ascent Industries Co. 0.03 0.00 0.38 -0.52 0.1881 -0.0856
FRME / First Merchants Corporation 0.01 0.00 0.38 -5.26 0.1855 -0.0984
CBU / Community Financial System, Inc. 0.01 0.00 0.37 -2.66 0.1797 -0.0877
PBBK / PB Bankshares, Inc. 0.02 0.00 0.36 6.21 0.1764 -0.0639
NWFL / Norwood Financial Corp. 0.01 0.00 0.35 6.67 0.1730 -0.0621
EBMT / Eagle Bancorp Montana, Inc. 0.02 0.00 0.35 -0.57 0.1722 -0.0790
DGICB / Donegal Group Inc. 0.02 0.00 0.31 6.10 0.1535 -0.0565
DLX / Deluxe Corporation 0.01 0.00 0.22 0.91 0.1085 -0.0477
ASRV / AmeriServ Financial, Inc. 0.06 0.00 0.17 23.40 0.0856 -0.0149
VBFC / Village Bank and Trust Financial Corp. 0.00 -100.00 0.00 0.0000