Minerva Advisors Llc
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$154.9M
Q ending 2026-03-31
Prior quarter
$149.7M
Q ending 2025-12-31
Change
+3.5% QoQ · +10.1% YoY
Positions
48
reported holdings
Largest positions
All 48 reported positions, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Great Lakes Dredge & Dock Co | GLDD | Shares | $17.5M | 1.0M |
| Tredegar Corp | TG | Shares | $13.2M | 1.7M |
| Infusystem Hldgs Inc | INFU | Shares | $11.1M | 1.2M |
| Eastern Co | EML | Shares | $11.1M | 546K |
| Escalade Inc | ESCA | Shares | $9.7M | 568K |
| Virco Manufacturing Co | VIRC | Shares | $9.3M | 1.5M |
| Dlh Holdings Corp | DLHC | Shares | $6.5M | 1.1M |
| Sifco Industries Inc | SIF | Shares | $6.4M | 481K |
| Utah Medical Products Inc | UTMD | Shares | $5.8M | 94K |
| Navigator Holdings Ltd | Shares | $5.7M | 296K | |
| Scripps E W Co Ohio | SSP | Shares | $5.7M | 1.5M |
| Astronics Corp | ATRO | Shares | $4.7M | 70K |
| Kewaunee Scientific Cp | KEQU | Shares | $4.7M | 137K |
| Unifi Inc | UFI | Shares | $4.5M | 1.3M |
| Camden National Corp | CAC | Shares | $4.3M | 90K |
| Pathfinder Bancorp Inc | PBHC | Shares | $3.3M | 262K |
| Crawford & Co Cl B | CRD/B | Shares | $2.9M | 288K |
| Freightcar America Inc | RAIL | Shares | $2.7M | 341K |
| Foster L B Co | FSTR | Shares | $2.3M | 84K |
| Kelly Services Inc | KELYA | Shares | $1.8M | 200K |
| Mid Penn Bancorp | MPB | Shares | $1.7M | 54K |
| Ni Holdings Inc | NODK | Shares | $1.7M | 130K |
| Citizens Finl Group Inc | CFG | Shares | $1.3M | 21K |
| Eastern Bankshares Inc | EBC | Shares | $1.2M | 63K |
| Contango Ore Inc | CTGO | Shares | $1.1M | 60K |
| Fnb Corp | FNB | Shares | $1.1M | 64K |
| Citizens & Northern Corp | CZNC | Shares | $958K | 43K |
| First Merchants Corp | FRME | Shares | $916K | 24K |
| Norwood Financial Corp | NWFL | Shares | $841K | 29K |
| Central Plains Bancshares Inc | CPBI | Shares | $840K | 49K |
| Ecb Bancorp Inc | ECBK | Shares | $835K | 50K |
| Fmc Corp | FMC | Shares | $827K | 48K |
| Donegal Group Inc | DGICA | Shares | $799K | 46K |
| Marathon Bancorp Inc | MBBC | Shares | $798K | 59K |
| Unisys Corp | UIS | Shares | $715K | 345K |
| Lake Shore Bancorp Inc | LSBK | Shares | $672K | 44K |
| First Bank Williamstown Nj | FRBA | Shares | $658K | 41K |
| Columbia Financial | CLBK | Shares | $592K | 34K |
| Horizon Bancorp Indiana | HBNC | Shares | $581K | 35K |
| Northwest Bancshares Inc | NWBI | Shares | $482K | 38K |
| First Commonwealth Financial | FCF | Shares | $449K | 26K |
| Eagle Bancorp Mont Inc | EBMT | Shares | $434K | 21K |
| Proassurance Corp | PRA | Shares | $426K | 17K |
| Richmond Mutual | RMBI | Shares | $410K | 30K |
| Thryv Holdings Iinc | THRY | Shares | $395K | 144K |
| Deluxe Corp | DLX | Shares | $383K | 14K |
| Donegal Group Inc | DGICB | Shares | $316K | 18K |
| Ameriserv Financ Inc | ASRV | Shares | $211K | 58K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.