Minerva Advisors LLC

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, Minerva Advisors LLC maintained a portfolio of 57 distinct positions. They heavily accumulated shares in TREDEGAR CORP, increasing their position by 0.5%. Conversely, Minerva Advisors LLC completely exited their position in SAGA COMMUNICATIONS .
PCA Score Concentration Risk
Risk ENB
Total Positions
57
Quarter
2026 Q1
Top Holding
GLDD (11.3%)
Top 10 Concentration
62.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 57
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
GLDD
GREAT LAKES DRE...
Industrials 11.30% 12.18% #1
Prev: #1
6.0 -360,104 -25.9%
P
S
1,029,703 $17,504,951 2011 Q4 13F Filing 2026-03-31 2026-05-12
TG
TREDEGAR CORP
Industrials 8.55% 7.95% #2
Prev: #2
5.4 8,500 0.5%
P
S
1,665,607 $13,241,576 2014 Q4 13F Filing 2026-03-31 2026-05-12
INFU
INFUSYSTEM HLDG...
Healthcare 7.17% 6.46% #3 1
Prev: #4
5.9 125,374 11.6%
P
S
1,204,105 $11,113,889 2011 Q4 13F Filing 2026-03-31 2026-05-12
EML
EASTERN CO
Industrials 7.14% 6.96% #4 1
Prev: #3
3.9 17,318 3.3%
P
S
546,402 $11,059,176 2011 Q4 13F Filing 2026-03-31 2026-05-12
ESCA
ESCALADE INC
Consumer Cyclical 6.29% 5.11% #5 1
Prev: #6
4.0 no change no change
P
S
567,621 $9,746,053 2011 Q4 13F Filing 2026-03-31 2026-05-12
VIRC
VIRCO MANUFACTU...
Consumer Cyclical 5.99% 6.18% #6 1
Prev: #5
2.9 69,254 4.8%
P
S
1,517,452 $9,286,806 2011 Q4 13F Filing 2026-03-31 2026-05-12
DLHC
DLH HOLDINGS CO...
Industrials 4.18% 4.20% #7
Prev: #7
2.2 -20 -0.0%
P
S
1,113,037 $6,477,875 2019 Q1 13F Filing 2026-03-31 2026-05-12
SIF
SIFCO INDUSTRIE...
Industrials 4.13% 1.82% #8 10
Prev: #18
2.2 -8,334 -1.7%
P
S
480,650 $6,397,452 2013 Q2 13F Filing 2026-03-31 2026-05-12
UTMD
UTAH MEDICAL PR...
Healthcare 3.75% 3.50% #9 1
Prev: #10
2.5 no change no change
P
S
93,615 $5,803,194 2024 Q2 13F Filing 2026-03-31 2026-05-12
NVGS
NAVIGATOR HOLDI...
Energy 3.70% 3.48% #10 1
Prev: #11
2.0 -5,000 -1.7%
P
S
296,212 $5,725,778 2013 Q4 13F Filing 2026-03-31 2026-05-12
SSP
SCRIPPS E W CO ...
Communication Services 3.67% 3.69% #11 2
Prev: #9
3.5 140,570 10.1%
P
S
1,526,490 $5,678,542 2011 Q4 13F Filing 2026-03-31 2026-05-12
ATRO
ASTRONICS CORP
Industrials 3.03% 3.70% #12 4
Prev: #8
1.2 -31,904 -31.2%
P
S
70,340 $4,693,789 2011 Q4 13F Filing 2026-03-31 2026-05-12
KEQU
KEWAUNEE SCIENT...
Consumer Cyclical 3.02% 3.05% #13 1
Prev: #12
3.2 14,842 12.2%
P
S
136,705 $4,684,880 2019 Q3 13F Filing 2026-03-31 2026-05-12
UFI
UNIFI INC
Consumer Cyclical 2.90% 2.86% #14 1
Prev: #13
1.7 36,206 3.0%
P
S
1,258,626 $4,493,295 2023 Q1 13F Filing 2026-03-31 2026-05-12
CAC
CAMDEN NATIONAL...
Financial Services 2.74% 2.60% #15 1
Prev: #14
2.1 no change no change
P
S
89,568 $4,250,002 2011 Q4 13F Filing 2026-03-31 2026-05-12
PBHC
PATHFINDER BANC...
Financial Services 2.16% 2.47% #16 1
Prev: #15
1.9 no change no change
P
S
262,204 $3,345,723 2014 Q4 13F Filing 2026-03-31 2026-05-12
CRD/B
CRAWFORD & CO C...
Financial Services 1.89% 2.06% #17 1
Prev: #16
1.8 no change no change
P
S
288,178 $2,922,125 2022 Q3 13F Filing 2026-03-31 2026-05-12
RAIL
FREIGHTCAR AMER...
Industrials 1.75% 1.97% #18 1
Prev: #17
3.2 73,977 27.7%
P
S
341,023 $2,717,953 2019 Q2 13F Filing 2026-03-31 2026-05-12
FSTR
FOSTER L B CO
Industrials 1.51% 1.51% #19
Prev: #19
1.6 no change no change
P
S
83,965 $2,342,623 2011 Q4 13F Filing 2026-03-31 2026-05-12
KELYA
KELLY SERVICES ...
Industrials 1.14% 0.34% #20 22
Prev: #42
3.5 141,396 242.1%
P
S
199,796 $1,768,195 2025 Q2 13F Filing 2026-03-31 2026-05-12
MPB
MID PENN BANCOR...
Financial Services 1.12% 1.12% #21 1
Prev: #22
1.4 no change no change
P
S
54,177 $1,742,332 2018 Q3 13F Filing 2026-03-31 2026-05-12
NODK
NI HOLDINGS INC
Financial Services 1.08% 1.15% #22 1
Prev: #21
1.4 no change no change
P
S
129,900 $1,674,411 2017 Q1 13F Filing 2026-03-31 2026-05-12
CFG
CITIZENS FINL G...
Financial Services 0.83% 0.84% #23
Prev: #23
1.3 no change no change
P
S
21,485 $1,288,455 2022 Q2 13F Filing 2026-03-31 2026-05-12
EBC
EASTERN BANKSHA...
Financial Services 0.79% 0.77% #24
Prev: #24
1.3 no change no change
P
S
62,576 $1,223,987 2025 Q4 13F Filing 2026-03-31 2026-05-12
CTGO
CONTANGO ORE IN...
Basic Materials 0.72% 1.34% #25 5
Prev: #20
0.3 -16,500 -21.7%
P
S
59,647 $1,118,381 2021 Q4 13F Filing 2026-03-31 2026-05-12
FNB
FNB CORP
Financial Services 0.69% 0.73% #26 1
Prev: #25
1.3 no change no change
P
S
64,075 $1,071,334 2014 Q1 13F Filing 2026-03-31 2026-05-12
CZNC
CITIZENS & NORT...
Financial Services 0.62% 0.58% #27 4
Prev: #31
1.2 no change no change
P
S
42,900 $958,386 2011 Q4 13F Filing 2026-03-31 2026-05-12
FRME
FIRST MERCHANTS...
Financial Services 0.59% 0.25% #28 25
Prev: #53
3.2 13,787 139.6%
P
S
23,662 $916,430 2014 Q1 13F Filing 2026-03-31 2026-05-12
NWFL
NORWOOD FINANCI...
Financial Services 0.54% 0.26% #29 22
Prev: #51
3.2 14,899 108.9%
P
S
28,580 $840,824 2011 Q4 13F Filing 2026-03-31 2026-05-12
CPBI
CENTRAL PLAINS ...
Financial Services 0.54% 0.56% #30 2
Prev: #32
1.2 no change no change
P
S
49,117 $840,392 2023 Q4 13F Filing 2026-03-31 2026-05-12
ECBK
ECB BANCORP INC
Financial Services 0.54% 0.58% #31 1
Prev: #30
1.2 no change no change
P
S
49,940 $835,496 2023 Q3 13F Filing 2026-03-31 2026-05-12
FMC
FMC CORP
Basic Materials 0.53% 0.44% #32 4
Prev: #36
1.2 no change no change
P
S
48,000 $826,560 2025 Q4 13F Filing 2026-03-31 2026-05-12
DGICA
DONEGAL GROUP I...
Financial Services 0.52% 0.62% #33 5
Prev: #28
1.2 no change no change
P
S
46,490 $798,699 2011 Q4 13F Filing 2026-03-31 2026-05-12
MBBC
MARATHON BANCOR...
Financial Services 0.52% 0.48% #34
Prev: #34
1.2 no change no change
P
S
58,976 $797,946 2025 Q2 13F Filing 2026-03-31 2026-05-12
UIS
UNISYS CORP
Technology 0.46% 0.64% #35 8
Prev: #27
1.2 no change no change
P
S
345,347 $714,868 2023 Q4 13F Filing 2026-03-31 2026-05-12
LSBK
LAKE SHORE BANC...
Financial Services 0.43% 0.43% #36 1
Prev: #37
1.2 no change no change
P
S
44,259 $671,852 2013 Q1 13F Filing 2026-03-31 2026-05-12
FRBA
FIRST BANK WILL...
Financial Services 0.42% 0.45% #37 2
Prev: #35
1.2 no change no change
P
S
41,143 $658,288 2023 Q3 13F Filing 2026-03-31 2026-05-12
CLBK
COLUMBIA FINANC...
Financial Services 0.38% 0.35% #38 2
Prev: #40
1.2 no change no change
P
S
33,794 $591,733 2018 Q4 13F Filing 2026-03-31 2026-05-12
HBNC
HORIZON BANCORP...
Financial Services 0.37% 0.40% #39 1
Prev: #38
1.1 no change no change
P
S
35,052 $580,816 2015 Q3 13F Filing 2026-03-31 2026-05-12
NWBI
NORTHWEST BANCS...
Financial Services 0.31% 0.30% #40 4
Prev: #44
1.1 no change no change
P
S
38,000 $482,220 2011 Q4 13F Filing 2026-03-31 2026-05-12
FCF
FIRST COMMONWEA...
Financial Services 0.29% 0.29% #41 6
Prev: #47
1.1 no change no change
P
S
25,560 $449,345 2023 Q1 13F Filing 2026-03-31 2026-05-12
EBMT
EAGLE BANCORP M...
Financial Services 0.28% 0.28% #42 7
Prev: #49
1.1 no change no change
P
S
21,098 $434,197 2011 Q4 13F Filing 2026-03-31 2026-05-12
PRA
PROASSURANCE CO...
Financial Services 0.28% 0.28% #43 7
Prev: #50
1.1 no change no change
P
S
17,234 $426,024 2011 Q4 13F Filing 2026-03-31 2026-05-12
RMBI
RICHMOND MUTUAL
Financial Services 0.26% 0.28% #44 4
Prev: #48
1.1 no change no change
P
S
30,224 $410,140 2019 Q3 13F Filing 2026-03-31 2026-05-12
THRY
THRYV HOLDINGS ...
Technology 0.26% 0.60% #45 16
Prev: #29
0.6 -4,000 -2.7%
P
S
144,329 $395,461 2020 Q4 13F Filing 2026-03-31 2026-05-12
DLX
DELUXE CORP
Industrials 0.25% 0.21% #46 10
Prev: #56
1.1 no change no change
P
S
13,900 $382,806 2011 Q4 13F Filing 2026-03-31 2026-05-12
DGICB
DONEGAL GROUP I...
Financial Services 0.20% 0.21% #47 8
Prev: #55
1.1 no change no change
P
S
17,856 $315,873 2011 Q4 13F Filing 2026-03-31 2026-05-12
ASRV
AMERISERV FINAN...
Financial Services 0.14% 0.12% #48 9
Prev: #57
1.1 no change no change
P
S
58,200 $210,684 2011 Q4 13F Filing 2026-03-31 2026-05-12
SGA
SAGA COMMUNICAT...
Communication Services 0.00% 0.24%
Sold All 😨
(Was: #54)
0.0 -31,831 -100.0%
CLOSED
$— 2014 Q3 13F Filing 2026-03-31 2026-05-12
CBU
COMMUNITY FINAN...
Financial Services 0.00% 0.25%
Sold All 😨
(Was: #52)
0.0 -6,618 -100.0%
CLOSED
$— 2011 Q4 13F Filing 2026-03-31 2026-05-12
Showing 1-50 of 57 holdings

Unlock Full Minerva Advisors LLC Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics