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Minerva Advisors LLC

Q4 2025 · Filed 2026-02-09
Market Value
$149M
-4.9%
Holdings
57
+1
New Purchases
2
Added To
10
Closed
1
Reduced
6
Top 10 Concentration
60.2%
Turnover
5.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GLDD 12.22% 10.62% +1.60% $18M
SSP 3.71% 2.17% +1.53% $6M
KEQU 3.06% 2.18% +0.87% $5M
EBC 0.77% 0.00% +0.77% $1M
ESCA 5.13% 4.41% +0.72% $8M
NVGS 3.50% 2.97% +0.52% $5M
FMC 0.45% 0.00% +0.45% $666K
CAC 2.60% 2.20% +0.40% $4M
RAIL 1.98% 1.61% +0.37% $3M
CWK 2.07% 1.80% +0.27% $3M
DLHC 4.22% 4.02% +0.19% $6M
CTGO 1.35% 1.21% +0.14% $2M
MPB 1.13% 0.99% +0.14% $2M
CFG 0.84% 0.73% +0.11% $1M
MBBC 0.48% 0.39% +0.09% $717K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ATRO 3.72% 5.67% -1.95% $6M
SGA 0.24% 1.80% -1.55% $364K
THRY 0.60% 1.56% -0.95% $897K
EML 6.98% 7.93% -0.94% $10M
HONE 0.00% 0.77% -0.77% $0
UFI 2.87% 3.50% -0.63% $4M
VIRC 6.20% 6.73% -0.53% $9M
TG 7.98% 8.48% -0.51% $12M
INFU 6.49% 6.77% -0.29% $10M
SIF 1.83% 2.10% -0.27% $3M
UTMD 3.51% 3.73% -0.22% $5M
UIS 0.64% 0.86% -0.22% $953K
DORM 0.71% 0.85% -0.14% $1M
PBHC 2.48% 2.62% -0.14% $4M
USLM 0.50% 0.52% -0.02% $748K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $1M 0.8%
Mid Cap 10 $14M 9.7%
Small Cap 18 $43M 28.8%
Micro Cap 28 $91M 60.7%

Portfolio Analytics

Avg Market Cap
$1.4B
Median Market Cap
$306M
Avg P/E
20.3
Median P/E
15.0
Avg Dividend Yield
0.02%
Avg Beta
0.65
# Stocks
57
# ETFs / Funds
0

Top Holdings (57 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GLDD 12.22% 1,389,807 $18M $13.12 $2M
2 TG 7.98% 1,657,107 $12M $7.18 -$1M
3 EML 6.98% 529,084 $10M $19.69 -$2M -969 -0.2%
4 INFU 6.49% 1,078,731 $10M $8.97 -$951K +52,942 +5.2%
5 VIRC 6.20% 1,448,198 $9M $6.39 -$1M +85,696 +6.3%
6 ESCA 5.13% 567,621 $8M $13.49 $741K +17,429 +3.2%
7 DLHC 4.22% 1,113,057 $6M $5.65 -$21K -3,745 -0.3%
8 ATRO 3.72% 102,244 $6M $54.24 -$3M -92,797 -47.6%
9 SSP 3.71% 1,385,920 $6M $3.99 $2M
10 UTMD 3.51% 93,615 $5M $55.96 -$621K +557 +0.6%
11 NVGS 3.50% 301,212 $5M $17.32 $551K
12 KEQU 3.06% 121,863 $5M $37.41 $1M +41,589 +51.8%
13 UFI 2.87% 1,222,420 $4M $3.50 -$1M +69,939 +6.1%
14 CAC 2.60% 89,568 $4M $43.38 $429K
15 PBHC 2.48% 262,204 $4M $14.11 -$410K
16 CWK 2.07% 288,178 $3M $10.72 $269K -156 -0.1%
17 RAIL 1.98% 267,046 $3M $11.07 $428K +8,500 +3.3%
18 SIF 1.83% 488,984 $3M $5.58 -$559K +22,083 +4.7%
19 FSTR 1.52% 83,965 $2M $26.95
20 CTGO 1.35% 76,147 $2M $26.41 $113K
21 NODK 1.16% 129,900 $2M $13.30 -$34K
22 MPB 1.13% 54,177 $2M $31.02 $129K
23 CFG 0.84% 21,485 $1M $58.41 $113K
24 EBC 0.77% 62,576 $1M $18.43 +62,576 NEW
25 FNB 0.73% 64,075 $1M $17.10 $63K
26 DORM 0.71% 8,590 $1M $123.19 -$281K
27 UIS 0.64% 345,347 $953K $2.76 -$394K
28 DGICA 0.62% 46,490 $929K $19.98 $27K
29 THRY 0.60% 148,329 $897K $6.05 -$2M -54,000 -26.7%
30 ECBK 0.58% 49,940 $868K $17.39 $76K
31 CZNC 0.58% 42,900 $865K $20.17 $15K
32 CPBI 0.56% 49,117 $831K $16.92 $30K
33 USLM 0.50% 6,250 $748K $119.74 -$74K
34 MBBC 0.48% 58,976 $717K $12.16 $102K
35 FRBA 0.45% 41,143 $677K $16.46 $7K
36 FMC 0.45% 48,000 $666K $13.87 +48,000 NEW
37 LSBK 0.43% 44,259 $649K $14.66 $73K
38 HBNC 0.40% 35,052 $594K $16.96 $33K
39 CLBK 0.35% 33,794 $525K $15.54 $18K
40 FSFG 0.35% 16,221 $517K $31.86 $7K
41 KELYA 0.34% 58,400 $514K $8.80 -$11K +18,400 +46.0%
42 SYNL 0.33% 30,415 $492K $16.19 $101K
43 NWBI 0.31% 38,000 $456K $12.00 -$15K
44 CZFS 0.30% 7,881 $449K $57.02 -$26K
45 PBBK 0.29% 20,560 $435K $21.15 $41K
46 FCF 0.29% 25,560 $431K $16.86 -$5K
47 RMBI 0.28% 30,224 $424K $14.04 -$2K +224 +0.8%
48 EBMT 0.28% 21,098 $420K $19.90 $55K
49 PRA 0.28% 17,234 $416K $24.16 $3K
50 NWFL 0.26% 13,681 $384K $28.05 $36K
51 CBU 0.25% 6,618 $380K $57.44 -$8K
52 FRME 0.25% 9,875 $370K $37.48 -$2K
53 SGA 0.24% 31,831 $364K $11.45 -$2M -194,857 -86.0%
54 DGICB 0.21% 17,856 $316K $17.69 $30K
55 DLX 0.21% 13,900 $310K $22.33 $41K
56 ASRV 0.12% 58,200 $186K $3.19 $17K
57 HONE —% -$1M -88,414 -100.0% SOLD

New Positions

SymbolValue% Port
EBC $1M 0.77%
FMC $666K 0.45%

Sold Out Positions

SymbolValue% Port
HONE —%
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