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Asset Manager ← All Institutions

Minerva Advisors LLC

Q3 2025 · Filed 2025-11-12
Market Value
$157M
+3.1%
Holdings
56
-1
New Purchases
1
Added To
11
Closed
1
Reduced
2
Top 10 Concentration
61.9%
Turnover
3.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INFU 6.77% 4.06% +2.71% $11M
SIF 2.10% 1.14% +0.95% $3M
RAIL 1.61% 1.24% +0.37% $3M
LSBK 0.37% 0.00% +0.37% $575K
UTMD 3.73% 3.46% +0.27% $6M
FSTR 1.44% 1.20% +0.24% $2M
CTGO 1.21% 0.98% +0.23% $2M
DORM 0.85% 0.69% +0.16% $1M
NVGS 2.97% 2.83% +0.15% $5M
USLM 0.52% 0.41% +0.11% $822K
HONE 0.77% 0.68% +0.09% $1M
FSFG 0.32% 0.27% +0.06% $510K
EML 7.93% 7.88% +0.05% $12M
FNB 0.66% 0.61% +0.04% $1M
ATRO 5.67% 5.63% +0.04% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
THRY 1.56% 3.07% -1.52% $2M
TG 8.48% 9.59% -1.11% $13M
KEQU 2.18% 2.96% -0.78% $3M
ESCA 4.41% 4.92% -0.51% $7M
GLDD 10.62% 11.13% -0.51% $17M
SSB 0.00% 0.34% -0.34% $0
SSP 2.17% 2.43% -0.25% $3M
UFI 3.50% 3.72% -0.23% $5M
DLHC 4.02% 4.24% -0.21% $6M
CAC 2.20% 2.39% -0.19% $3M
UIS 0.86% 1.03% -0.17% $1M
SGA 1.80% 1.90% -0.10% $3M
CWK 1.80% 1.86% -0.06% $3M
DGICA 0.57% 0.61% -0.04% $901K
DGICB 0.18% 0.21% -0.02% $286K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $1M 0.7%
Mid Cap 10 $17M 10.6%
Small Cap 17 $39M 24.6%
Micro Cap 28 $101M 64.1%

Portfolio Analytics

Avg Market Cap
$1.5B
Median Market Cap
$295M
Avg P/E
20.3
Median P/E
15.0
Avg Dividend Yield
0.02%
Avg Beta
0.65
# Stocks
56
# ETFs / Funds
0

Top Holdings (56 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GLDD 10.62% 1,389,807 $17M $11.99 -$264K
2 TG 8.48% 1,657,107 $13M $8.03 -$1M
3 EML 7.93% 530,053 $12M $23.46 $453K +5,000 +0.9%
4 INFU 6.77% 1,025,789 $11M $10.36 $4M +31,008 +3.1%
5 VIRC 6.73% 1,362,502 $11M $7.75 $317K +78,986 +6.2%
6 ATRO 5.67% 195,041 $9M $45.61 $333K -60,864 -23.8%
7 ESCA 4.41% 550,192 $7M $12.57 -$570K +12,378 +2.3%
8 DLHC 4.02% 1,116,802 $6M $5.65 -$132K +6,059 +0.6%
9 UTMD 3.73% 93,058 $6M $62.97 $593K
10 UFI 3.50% 1,152,481 $5M $4.76 -$179K +67,272 +6.2%
11 NVGS 2.97% 301,212 $5M $15.49 $368K
12 PBHC 2.62% 262,204 $4M $15.67 $172K
13 CAC 2.20% 89,568 $3M $38.59 -$177K
14 KEQU 2.18% 80,274 $3M $42.65 -$1M +2,832 +3.7%
15 SSP 2.17% 1,385,920 $3M $2.46 -$282K +126,078 +10.0%
16 SIF 2.10% 466,901 $3M $7.04 $2M
17 SGA 1.80% 226,688 $3M $12.44 -$70K
18 CWK 1.80% 288,334 $3M $9.78 -$5K +6,646 +2.4%
19 RAIL 1.61% 258,546 $3M $9.78 $641K +39,541 +18.1%
20 THRY 1.56% 202,329 $2M $12.06 -$2M
21 FSTR 1.44% 83,965 $2M $26.95 $432K
22 CTGO 1.21% 76,147 $2M $24.93 $411K
23 NODK 1.12% 129,900 $2M $13.56 $107K
24 MPB 0.99% 54,177 $2M $28.64 $27K
25 UIS 0.86% 345,347 $1M $3.90 -$218K
26 DORM 0.85% 8,590 $1M $155.88 $286K
27 HONE 0.77% 88,414 $1M $13.60 $170K
28 CFG 0.73% 21,485 $1M $53.16 $87K -2,100 -8.9%
29 FNB 0.66% 64,075 $1M $16.11 $98K
30 DGICA 0.57% 46,490 $901K $19.39 -$29K
31 CZNC 0.54% 42,900 $850K $19.81 $37K
32 USLM 0.52% 6,250 $822K $131.55 $198K
33 CPBI 0.51% 49,117 $801K $16.30 $60K
34 ECBK 0.51% 49,940 $793K $15.87 $21K
35 FRBA 0.43% 41,143 $670K $16.29 $35K
36 MBBC 0.39% 58,976 $615K $10.43 $70K +4,258 +7.8%
37 LSBK 0.37% 44,259 $575K $13.00 +44,259 NEW
38 HBNC 0.36% 35,052 $561K $16.01 $23K
39 KELYA 0.33% 40,000 $525K $13.12 $57K
40 FSFG 0.32% 16,221 $510K $31.43 $106K
41 CLBK 0.32% 33,794 $507K $15.01 $17K
42 CZFS 0.30% 7,881 $475K $60.28 $12K
43 NWBI 0.30% 38,000 $471K $12.39 -$15K
44 FCF 0.28% 25,560 $436K $17.05 $21K
45 RMBI 0.27% 30,000 $426K $14.21 $12K
46 PRA 0.26% 17,234 $413K $23.99 $20K
47 PBBK 0.25% 20,560 $394K $19.18 $35K
48 SYNL 0.25% 30,415 $392K $12.88 $8K
49 CBU 0.25% 6,618 $388K $58.64 $22K
50 FRME 0.24% 9,875 $372K $37.70 -$6K
51 EBMT 0.23% 21,098 $364K $17.27 $13K
52 NWFL 0.22% 13,681 $348K $25.42 -$5K
53 DGICB 0.18% 17,856 $286K $16.01 -$27K
54 DLX 0.17% 13,900 $269K $19.36 $48K
55 ASRV 0.11% 58,200 $169K $2.90 -$6K
56 SSB —% -$521K -5,661 -100.0% SOLD

New Positions

SymbolValue% Port
LSBK $575K 0.37%

Sold Out Positions

SymbolValue% Port
SSB —%
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