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Asset Manager ← All Institutions

Minerva Advisors LLC

Q2 2025 · Filed 2025-08-13
Market Value
$152M
+4.8%
Holdings
57
+1
New Purchases
2
Added To
13
Closed
2
Reduced
1
Top 10 Concentration
61.4%
Turnover
7.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GLDD 11.13% 8.33% +2.80% $17M
DLHC 4.24% 2.84% +1.39% $6M
THRY 3.07% 1.79% +1.29% $5M
KEQU 2.96% 2.00% +0.96% $5M
TG 9.59% 8.79% +0.79% $15M
UFI 3.72% 3.01% +0.72% $6M
INFU 4.06% 3.38% +0.69% $6M
CTGO 0.98% 0.49% +0.48% $1M
RAIL 1.24% 0.83% +0.41% $2M
MBBC 0.36% 0.00% +0.36% $545K
KELYA 0.31% 0.00% +0.31% $468K
SIF 1.14% 0.89% +0.26% $2M
FSTR 1.20% 1.08% +0.12% $2M
UTMD 3.46% 3.36% +0.11% $5M
MPB 1.00% 0.92% +0.08% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ICCH 0.00% 3.38% -3.38% $0
ATRO 5.63% 7.71% -2.08% $9M
VIRC 6.73% 7.89% -1.16% $10M
VBFC 0.00% 1.09% -1.09% $0
EML 7.88% 8.83% -0.95% $12M
ESCA 4.92% 5.67% -0.75% $7M
PBHC 2.59% 2.97% -0.38% $4M
CWK 1.86% 2.18% -0.32% $3M
NODK 1.09% 1.28% -0.19% $2M
SSP 2.43% 2.57% -0.14% $4M
CAC 2.39% 2.50% -0.11% $4M
UIS 1.03% 1.09% -0.06% $2M
CZNC 0.53% 0.59% -0.06% $813K
SGA 1.90% 1.95% -0.05% $3M
CLBK 0.32% 0.35% -0.03% $490K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $1M 0.7%
Mid Cap 10 $16M 10.7%
Small Cap 17 $38M 25.1%
Micro Cap 29 $97M 63.6%

Portfolio Analytics

Avg Market Cap
$1.4B
Median Market Cap
$285M
Avg P/E
20.2
Median P/E
15.4
Avg Dividend Yield
0.02%
Avg Beta
0.65
# Stocks
56
# ETFs / Funds
1

Top Holdings (57 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GLDD 11.13% 1,389,807 $17M $12.18 $5M
2 TG 9.59% 1,657,107 $15M $8.80 $2M
3 EML 7.88% 525,053 $12M $22.82 -$830K +19,066 +3.8%
4 VIRC 6.73% 1,283,516 $10M $7.98 -$1M +73,061 +6.0%
5 ATRO 5.63% 255,905 $9M $33.46 -$3M -207,200 -44.7%
6 ESCA 4.92% 537,814 $7M $13.92 -$742K
7 DLHC 4.24% 1,110,743 $6M $5.80 $2M +92,346 +9.1%
8 INFU 4.06% 994,781 $6M $6.21 $1M +84,104 +9.2%
9 UFI 3.72% 1,085,209 $6M $5.22 $1M +177,435 +19.6%
10 UTMD 3.46% 93,058 $5M $56.60 $397K +6,156 +7.1%
11 THRY 3.07% 202,329 $5M $23.12 $2M
12 KEQU 2.96% 77,442 $5M $58.12 $2M +3,677 +5.0%
13 NVGS 2.83% 301,212 $4M $14.27 $288K
14 PBHC 2.59% 262,204 $4M $15.02 -$372K
15 SSP 2.43% 1,259,842 $4M $2.93 -$38K
16 CAC 2.39% 89,568 $4M $40.57 $9K
17 SGA 1.90% 226,688 $3M $12.75 $63K
18 CWK 1.86% 281,688 $3M $10.03 -$334K +5,000 +1.8%
19 RAIL 1.24% 219,005 $2M $8.62 $677K
20 FSTR 1.20% 83,965 $2M $21.81 $261K +4,167 +5.2%
21 SIF 1.14% 466,901 $2M $3.73 $453K +150 +0.0%
22 NODK 1.09% 129,900 $2M $12.74 -$197K
23 UIS 1.03% 345,347 $2M $4.53 -$21K
24 MPB 1.00% 54,177 $2M $28.15 $185K +2,445 +4.7%
25 CTGO 0.98% 76,147 $1M $19.53 $771K +6,000 +8.6%
26 CFG 0.69% 23,585 $1M $44.75 $89K
27 DORM 0.69% 8,590 $1M $122.62 $18K
28 HONE 0.68% 88,414 $1M $11.68 $116K
29 FNB 0.61% 64,075 $934K $14.58 $72K
30 DGICA 0.61% 46,490 $930K $20.01 $18K
31 CZNC 0.53% 42,900 $813K $18.94 -$51K
32 ECBK 0.51% 49,940 $771K $15.44 $14K
33 CPBI 0.49% 49,117 $741K $15.08 $8K
34 FRBA 0.42% 41,143 $635K $15.44 $26K
35 USLM 0.41% 6,250 $624K $99.79 $71K
36 MBBC 0.36% 54,718 $545K $9.96 +54,718 NEW
37 HBNC 0.35% 35,052 $538K $15.35 $9K
38 SSB 0.34% 5,661 $521K $92.01 -$5K
39 CLBK 0.32% 33,794 $490K $14.51 -$17K
40 NWBI 0.32% 38,000 $486K $12.78 $29K
41 KELYA 0.31% 40,000 $468K $11.69 +40,000 NEW
42 CZFS 0.30% 7,881 $463K $58.72 $10K +78 +1.0%
43 FCF 0.27% 25,560 $415K $16.24 $18K
44 RMBI 0.27% 30,000 $414K $13.80 $30K
45 FSFG 0.27% 16,221 $404K $24.89 -$14K
46 PRA 0.26% 17,234 $393K $22.83 -$9K
47 SYNL 0.25% 30,415 $384K $12.61 -$2K
48 FRME 0.25% 9,875 $378K $38.30 -$21K
49 CBU 0.24% 6,618 $367K $55.38 -$10K
50 PBBK 0.24% 20,560 $360K $17.50 $22K
51 NWFL 0.23% 13,681 $353K $25.78 $22K
52 EBMT 0.23% 21,098 $351K $16.64 -$2K
53 DGICB 0.21% 17,856 $313K $17.53 $17K
54 DLX 0.15% 13,900 $221K $15.91 $1K
55 ASRV 0.11% 58,200 $175K $3.00 $33K
56 VBFC —% -$2M -19,745 -100.0% SOLD
57 ICCH —% -$5M -910,677 -100.0% SOLD

New Positions

SymbolValue% Port
MBBC $545K 0.36%
KELYA $468K 0.31%

Sold Out Positions

SymbolValue% Port
VBFC —%
ICCH —%
View SEC EDGAR Filings for Minerva Advisors LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms