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Minerva Advisors LLC

Q1 2026 · Filed 2026-05-12
Market Value
$155M
+3.8%
Holdings
56
-1
New Purchases
0
Added To
11
Closed
8
Reduced
7
Top 10 Concentration
62.2%
Turnover
14.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SIF 4.13% 1.83% +2.30% $6M
ESCA 6.29% 5.13% +1.16% $10M
KELYA 1.14% 0.34% +0.80% $2M
INFU 7.17% 6.49% +0.69% $11M
TG 8.55% 7.98% +0.57% $13M
FRME 0.59% 0.25% +0.34% $916K
NWFL 0.54% 0.26% +0.29% $841K
UTMD 3.75% 3.51% +0.23% $6M
NVGS 3.70% 3.50% +0.20% $6M
EML 7.14% 6.98% +0.16% $11M
CAC 2.74% 2.60% +0.14% $4M
FMC 0.53% 0.45% +0.09% $827K
DLX 0.25% 0.21% +0.04% $383K
CZNC 0.62% 0.58% +0.04% $958K
MBBC 0.52% 0.48% +0.03% $798K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GLDD 11.30% 12.22% -0.92% $18M
DORM 0.00% 0.71% -0.71% $0
ATRO 3.03% 3.72% -0.69% $5M
CTGO 0.72% 1.35% -0.63% $1M
USLM 0.00% 0.50% -0.50% $0
FSFG 0.00% 0.35% -0.35% $0
THRY 0.26% 0.60% -0.35% $395K
SYNL 0.00% 0.33% -0.33% $0
PBHC 2.16% 2.48% -0.32% $3M
CZFS 0.00% 0.30% -0.30% $0
PBBK 0.00% 0.29% -0.29% $0
CBU 0.00% 0.25% -0.25% $0
SGA 0.00% 0.24% -0.24% $0
RAIL 1.75% 1.98% -0.23% $3M
VIRC 5.99% 6.20% -0.21% $9M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 1 $1M 0.8%
Mid Cap 10 $12M 7.7%
Small Cap 17 $44M 28.7%
Micro Cap 28 $97M 62.8%

Portfolio Analytics

Avg Market Cap
$1.4B
Median Market Cap
$295M
Avg P/E
20.3
Median P/E
14.6
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 11.30% 1,029,703 $18M $17.00 -$729K -360,104 -25.9%
2 TG 8.55% 1,665,607 $13M $7.95 $1M +8,500 +0.5%
3 INFU 7.17% 1,204,105 $11M $9.23 $1M +125,374 +11.6%
4 EML 7.14% 546,402 $11M $20.24 $642K +17,318 +3.3%
5 ESCA 6.29% 567,621 $10M $17.17 $2M
6 VIRC 5.99% 1,517,452 $9M $6.12 $33K +69,254 +4.8%
7 DLHC 4.18% 1,113,037 $6M $5.82 $189K -20
8 SIF 4.13% 480,650 $6M $13.31 $4M -8,334 -1.7%
9 UTMD 3.75% 93,615 $6M $61.99 $564K
10 NVGS 3.70% 296,212 $6M $19.33 $509K -5,000 -1.7%
11 SSP 3.67% 1,526,490 $6M $3.72 $149K +140,570 +10.1%
12 ATRO 3.03% 70,340 $5M $66.73 -$852K -31,904 -31.2%
13 KEQU 3.02% 136,705 $5M $34.27 $126K +14,842 +12.2%
14 UFI 2.90% 1,258,626 $4M $3.57 $215K +36,206 +3.0%
15 CAC 2.74% 89,568 $4M $47.45 $365K
16 PBHC 2.16% 262,204 $3M $12.76 -$354K
17 CWK 1.89% 288,178 $3M $10.14 -$167K
18 RAIL 1.75% 341,023 $3M $7.97 -$238K +73,977 +27.7%
19 FSTR 1.51% 83,965 $2M $27.90 $80K
20 KELYA 1.14% 199,796 $2M $8.85 $1M +141,396 +242.1%
21 MPB 1.12% 54,177 $2M $32.16 $62K
22 NODK 1.08% 129,900 $2M $12.89 -$53K
23 CFG 0.83% 21,485 $1M $59.97 $34K
24 EBC 0.79% 62,576 $1M $19.56 $71K
25 CTGO 0.72% 59,647 $1M $18.75 -$893K -16,500 -21.7%
26 FNB 0.69% 64,075 $1M $16.72 -$24K
27 CZNC 0.62% 42,900 $958K $22.34 $93K
28 FRME 0.59% 23,662 $916K $38.73 $546K +13,787 +139.6%
29 NWFL 0.54% 28,580 $841K $29.42 $457K +14,899 +108.9%
30 CPBI 0.54% 49,117 $840K $17.11 $9K
31 ECBK 0.54% 49,940 $835K $16.73 -$33K
32 FMC 0.53% 48,000 $827K $17.22 $161K
33 DGICA 0.52% 46,490 $799K $17.18 -$130K
34 MBBC 0.52% 58,976 $798K $13.53 $81K
35 UIS 0.46% 345,347 $715K $2.07 -$238K
36 LSBK 0.43% 44,259 $672K $15.18 $23K
37 FRBA 0.42% 41,143 $658K $16.00 -$19K
38 CLBK 0.38% 33,794 $592K $17.51 $67K
39 HBNC 0.37% 35,052 $581K $16.57 -$14K
40 NWBI 0.31% 38,000 $482K $12.69 $26K
41 FCF 0.29% 25,560 $449K $17.58 $18K
42 EBMT 0.28% 21,098 $434K $20.58 $14K
43 PRA 0.28% 17,234 $426K $24.72 $10K
44 RMBI 0.26% 30,224 $410K $13.57 -$14K
45 THRY 0.26% 144,329 $395K $2.74 -$502K -4,000 -2.7%
46 DLX 0.25% 13,900 $383K $27.54 $72K
47 DGICB 0.20% 17,856 $316K $17.69
48 ASRV 0.14% 58,200 $211K $3.62 $25K
49 CBU —% -$380K -6,618 -100.0% SOLD
50 USLM —% -$748K -6,250 -100.0% SOLD
51 SGA —% -$364K -31,831 -100.0% SOLD
52 FSFG —% -$517K -16,221 -100.0% SOLD
53 DORM —% -$1M -8,590 -100.0% SOLD
54 CZFS —% -$449K -7,881 -100.0% SOLD
55 PBBK —% -$435K -20,560 -100.0% SOLD
56 SYNL —% -$492K -30,415 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
CBU —%
DORM —%
CZFS —%
USLM —%
SGA —%
FSFG —%
PBBK —%
SYNL —%
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