Minerva Advisors LLC

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 55Value: $96.2MLatest: 2025Q1

Minerva Advisors LLC is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 55 holdings worth $0.1 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "NWFL",
  "NWBI",
  "UTMD",
  "ASRV",
  "ACNT",
  "MPB",
  "NODK",
  "PRA",
  "RMBI",
  "SSP",
  "SGA",
  "SIF",
  "THRY",
  "UIS",
  "TG",
  "CPBI",
  "RAIL",
  "PBHC",
  "FRME",
  "PBBK",
  "VIRC",
  null,
  "CZFS",
  "USLM",
  "DGICB",
  "ATRO",
  "LSBK",
  "GLDD",
  "SSB",
  "CRD-B",
  "ESCA",
  "DORM",
  "ECBK",
  "EBMT",
  "EML",
  "FSTR",
  "FSFG",
  "FRBA",
  "FCF",
  "HBNC",
  "HONE",
  "INFU",
  "KEQU",
  "UFI",
  "FNB",
  "NVGS",
  "CAC",
  "CFG",
  "CZNC",
  "CLBK",
  "CBU",
  "CTGO",
  "DLX",
  "DLHC",
  "DGICA"
]

Filing Details

13F-HR/A • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-05-09
Total Holdings: 55
Total Value: 96164152
Accession Number: 0001462390-25-000012
Form Type: 13F-HR/A
CIK: minerva-advisors
Manager Name: Minerva-Advisors

Data Enrichment

98% identified

54 identified1 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

55 positions • $96.2M total value

SEC FilingSEC DataHachi Filing

Manager:

Search and click to pin securities to the top

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ASTRONICS CORP

ATRO|046433108

Shares:358.2K

Value:$8.7M

% of Portfolio:9.0% ($8.7M/$96.2M)

EASTERN CO

EML|276317104

Shares:333.6K

Value:$8.4M

% of Portfolio:8.8% ($8.4M/$96.2M)

Great Lakes Dredge & Dock CORP

GLDD|390607109

Shares:958.3K

Value:$8.3M

% of Portfolio:8.7% ($8.3M/$96.2M)

VIRCO MFG CORPORATION

VIRC|927651109

Shares:782.4K

Value:$7.4M

% of Portfolio:7.7% ($7.4M/$96.2M)

TREDEGAR CORP

TG|894650100

Shares:955.3K

Value:$7.4M

% of Portfolio:7.6% ($7.4M/$96.2M)

ESCALADE INC

ESCA|296056104

Shares:372.8K

Value:$5.7M

% of Portfolio:5.9% ($5.7M/$96.2M)

InfuSystem Holdings, Inc

INFU|45685K102

Shares:680.2K

Value:$3.7M

% of Portfolio:3.8% ($3.7M/$96.2M)

Pathfinder Bancorp, Inc.

PBHC|70319R109

Shares:210.8K

Value:$3.5M

% of Portfolio:3.6% ($3.5M/$96.2M)

Navigator Holdings Ltd.

NVGS|Y62132108

Shares:229.8K

Value:$3.1M

% of Portfolio:3.2% ($3.1M/$96.2M)

UTAH MEDICAL PRODUCTS INC

UTMD|917488108

Shares:54.2K

Value:$3.0M

% of Portfolio:3.2% ($3.0M/$96.2M)

DLH Holdings Corp.

DLHC|23335Q100

Shares:618.7K

Value:$2.5M

% of Portfolio:2.6% ($2.5M/$96.2M)

E.W. SCRIPPS Co

SSP|811054402

Shares:804.2K

Value:$2.4M

% of Portfolio:2.5% ($2.4M/$96.2M)

UNIFI INC

UFI|904677200

Shares:485.0K

Value:$2.3M

% of Portfolio:2.4% ($2.3M/$96.2M)

Thryv Holdings, Inc.

THRY|886029206

Shares:176.0K

Value:$2.3M

% of Portfolio:2.3% ($2.3M/$96.2M)

CAMDEN NATIONAL CORP

CAC|133034108

Shares:53.0K

Value:$2.1M

% of Portfolio:2.2% ($2.1M/$96.2M)

KEWAUNEE SCIENTIFIC CORP /DE/

KEQU|492854104

Shares:52.2K

Value:$2.1M

% of Portfolio:2.1% ($2.1M/$96.2M)

CRAWFORD & CO

CRD-B|224633107

Shares:175.9K

Value:$2.0M

% of Portfolio:2.1% ($2.0M/$96.2M)

SAGA COMMUNICATIONS INC

SGA|786598300

Shares:153.5K

Value:$1.9M

% of Portfolio:2.0% ($1.9M/$96.2M)

92705T200

Shares:17.9K

Value:$1.4M

% of Portfolio:1.5% ($1.4M/$96.2M)

NI Holdings, Inc.

NODK|65342T106

Shares:100.4K

Value:$1.4M

% of Portfolio:1.5% ($1.4M/$96.2M)

Instrument	Shares		Other Manager	Value	% of Portfolio
ASTRONICS CORP(ATROcusip046433108)	358.2K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$8.7M	9.0% ($8.7M/$96.2M)	QoQ +51.44% (+$2.9M) YoY +27.07% (+$1.8M)
EASTERN CO(EMLcusip276317104)	333.6K	QoQ 0.00% (-0) YoY 0.00% (-0)	All Managers (Combined)	$8.4M	8.8% ($8.4M/$96.2M)	QoQ -4.59% (-$407.0K) YoY -24.48% (-$2.7M)
Great Lakes Dredge & Dock CORP(GLDDcusip390607109)	958.3K	QoQ 0.00% (-0) YoY 0.00% (-0)	All Managers (Combined)	$8.3M	8.7% ($8.3M/$96.2M)	QoQ -22.80% (-$2.5M) YoY -0.45% (-$38.3K)
VIRCO MFG CORPORATION(VIRCcusip927651109)	782.4K	QoQ +0.19% (-1.5K) YoY -3.67% (-29.8K)	All Managers (Combined)	$7.4M	7.7% ($7.4M/$96.2M)	QoQ -7.16% (-$571.5K) YoY -16.55% (-$1.5M)
TREDEGAR CORP(TGcusip894650100)	955.3K	QoQ 0.00% (+0) YoY +16.68% (+136.6K)	All Managers (Combined)	$7.4M	7.6% ($7.4M/$96.2M)	QoQ +0.26% (+$19.1K) YoY +37.79% (+$2.0M)
ESCALADE INC(ESCAcusip296056104)	372.8K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$5.7M	5.9% ($5.7M/$96.2M)	QoQ +7.14% (+$380.2K) YoY +12.74% (+$644.9K)
InfuSystem Holdings, Inc(INFUcusip45685K102)	680.2K	QoQ +2.60% (-17.2K) YoY +2.60% (-17.2K)	All Managers (Combined)	$3.7M	3.8% ($3.7M/$96.2M)	QoQ -34.13% (-$1.9M) YoY -35.74% (-$2.0M)
Pathfinder Bancorp, Inc.(PBHCcusip70319R109)	210.8K	QoQ 0.00% (-0) YoY 0.00% (+0)	All Managers (Combined)	$3.5M	3.6% ($3.5M/$96.2M)	QoQ -3.29% (-$118.1K) YoY +35.19% (+$902.4K)
Navigator Holdings Ltd.(NVGScusipY62132108)	229.8K	QoQ -1.62% (-3.8K) YoY -9.42% (-23.9K)	All Managers (Combined)	$3.1M	3.2% ($3.1M/$96.2M)	QoQ -14.70% (-$527.1K) YoY -21.45% (-$835.6K)
UTAH MEDICAL PRODUCTS INC(UTMDcusip917488108)	54.2K	QoQ +18.62% (+8.5K) YoY NEW(+54.2K)	All Managers (Combined)	$3.0M	3.2% ($3.0M/$96.2M)	QoQ +8.14% (+$228.8K) YoY NEW(+$3.0M)
DLH Holdings Corp.(DLHCcusip23335Q100)	618.7K	QoQ +13.66% (-74.4K) YoY +53.76% (-216.3K)	All Managers (Combined)	$2.5M	2.6% ($2.5M/$96.2M)	QoQ -42.67% (-$1.9M) YoY -52.67% (-$2.8M)
E.W. SCRIPPS Co(SSPcusip811054402)	804.2K	QoQ +12.91% (+92.0K) YoY +63.82% (+313.3K)	All Managers (Combined)	$2.4M	2.5% ($2.4M/$96.2M)	QoQ +50.55% (+$799.3K) YoY +24.01% (+$461.0K)
UNIFI INC(UFIcusip904677200)	485.0K	QoQ +7.11% (-32.2K) YoY +80.76% (+216.7K)	All Managers (Combined)	$2.3M	2.4% ($2.3M/$96.2M)	QoQ -17.56% (-$497.1K) YoY +45.15% (+$725.7K)
Thryv Holdings, Inc.(THRYcusip886029206)	176.0K	QoQ -10.88% (-21.5K) YoY -10.88% (-21.5K)	All Managers (Combined)	$2.3M	2.3% ($2.3M/$96.2M)	QoQ -22.86% (-$668.4K) YoY -48.53% (-$2.1M)
CAMDEN NATIONAL CORP(CACcusip133034108)	53.0K	QoQ 0.00% (-0) YoY 0.00% (+0)	All Managers (Combined)	$2.1M	2.2% ($2.1M/$96.2M)	QoQ -5.04% (-$114.0K) YoY +21.16% (+$374.7K)
KEWAUNEE SCIENTIFIC CORP /DE/(KEQUcusip492854104)	52.2K	QoQ -33.20% (-26.0K) YoY -51.23% (-54.9K)	All Managers (Combined)	$2.1M	2.1% ($2.1M/$96.2M)	QoQ -56.81% (-$2.7M) YoY -43.18% (-$1.6M)
CRAWFORD & CO(CRD-Bcusip224633107)	175.9K	QoQ 0.00% (+0) YoY +0.10% (+188)	All Managers (Combined)	$2.0M	2.1% ($2.0M/$96.2M)	QoQ +1.78% (+$35.2K) YoY +26.18% (+$416.8K)
SAGA COMMUNICATIONS INC(SGAcusip786598300)	153.5K	QoQ 0.00% (+0) YoY -2.16% (-3.4K)	All Managers (Combined)	$1.9M	2.0% ($1.9M/$96.2M)	QoQ +13.15% (+$222.5K) YoY -45.31% (-$1.6M)
(cusip92705T200)✕	17.9K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$1.4M	1.5% ($1.4M/$96.2M)	QoQ +3.23% (+$45.0K) YoY +92.76% (+$692.8K)
NI Holdings, Inc.(NODKcusip65342T106)	100.4K	QoQ 0.00% (-0) YoY 0.00% (-0)	All Managers (Combined)	$1.4M	1.5% ($1.4M/$96.2M)	QoQ -9.17% (-$144.6K) YoY -4.16% (-$62.2K)