2026 Q2 Portfolio Activity
In 2026 Q2, Minerva Advisors LLC maintained a portfolio of 48 distinct positions. They heavily accumulated shares in INFUSYSTEM HLDGS INC, increasing the position by 12.0%. Conversely, Minerva Advisors LLC completely exited their position in GREAT LAKES DREDGE & DOCK CO.
Position History
hover any row below to update
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Total Positions
48
Quarter
2026 Q2
Top Holding
EML (9.6%)
Top 10 Concentration
60.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-48 of 48
Minerva Advisors LLC Full Holdings List — 2026 Q2
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
EML
EASTERN CO
|
Industrials | 9.61% | 7.14% |
#1
3
Prev: #4
|
6.8 |
—
|
no change | no change |
P
S
|
546,402 | $15,217,296 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
TG
TREDEGAR CORP
|
Industrials | 8.38% | 8.55% |
#2
Prev: #2
|
5.9 |
—
|
no change | no change |
P
S
|
1,665,607 | $13,258,232 | 2014 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
INFU
INFUSYSTEM HLDG...
|
Healthcare | 8.22% | 7.17% |
#3
Prev: #3
|
6.3 |
—
|
144,512 | 12.0% |
P
S
|
1,348,617 | $13,014,154 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
SIF
SIFCO INDS INC
|
Industrials | 6.74% | 4.13% |
#4
4
Prev: #8
|
3.7 |
—
|
-25,000 | -5.2% |
P
S
|
455,650 | $10,662,210 | 2013 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
ESCA
ESCALADE INC
|
Consumer Cyclical | 6.73% | 6.29% |
#5
Prev: #5
|
3.7 |
—
|
-399 | -0.1% |
P
S
|
567,222 | $10,652,429 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
VIRC
VIRCO MFG CO
|
Consumer Cyclical | 5.96% | 5.99% |
#6
Prev: #6
|
2.9 |
—
|
18,002 | 1.2% |
P
S
|
1,535,454 | $9,427,688 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
UTMD
UTAH MED PRODS ...
|
Healthcare | 4.08% | 3.75% |
#7
2
Prev: #9
|
2.6 |
—
|
no change | no change |
P
S
|
93,615 | $6,457,563 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
UFI
UNIFI INC
|
Consumer Cyclical | 3.78% | 2.90% |
#8
6
Prev: #14
|
2.0 |
—
|
166 | 0.0% |
P
S
|
1,258,792 | $5,979,262 | 2023 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
DLHC
DLH HLDGS CORP
|
Industrials | 3.70% | 4.18% |
#9
2
Prev: #7
|
2.0 |
—
|
3,331 | 0.3% |
P
S
|
1,116,368 | $5,860,932 | 2019 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
NVGS
NAVIGATOR HLDGS...
|
Energy | 3.49% | 3.70% |
#10
Prev: #10
|
2.4 |
—
|
no change | no change |
P
S
|
296,212 | $5,518,430 | 2013 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
KEQU
KEWAUNEE SCIENT...
|
Consumer Cyclical | 3.35% | 3.02% |
#11
2
Prev: #13
|
3.3 |
—
|
12,705 | 9.3% |
P
S
|
149,410 | $5,307,043 | 2019 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
SSP
SCRIPPS E W CO ...
|
Communication Services | 3.21% | 3.67% |
#12
1
Prev: #11
|
3.8 |
—
|
306,217 | 20.1% |
P
S
|
1,832,707 | $5,076,598 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CAC
CAMDEN NATL COR...
|
Financial Services | 3.07% | 2.74% |
#13
2
Prev: #15
|
2.2 |
—
|
no change | no change |
P
S
|
89,568 | $4,856,377 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
ATRO
ASTRONICS CORP
|
Industrials | 2.83% | 3.03% |
#14
2
Prev: #12
|
1.1 |
—
|
-15,299 | -21.8% |
P
S
|
55,041 | $4,472,632 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
PBHC
PATHFINDER BANC...
|
Financial Services | 2.63% | 2.16% |
#15
1
Prev: #16
|
2.1 |
—
|
no change | no change |
P
S
|
262,204 | $4,163,800 | 2014 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
RAIL
FREIGHTCAR AMER...
|
Industrials | 2.33% | 1.75% |
#16
2
Prev: #18
|
2.9 |
—
|
38,007 | 11.1% |
P
S
|
379,030 | $3,691,752 | 2019 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
KELYA
KELLY SVCS INC
|
Industrials | 1.96% | 1.14% |
#17
3
Prev: #20
|
3.3 |
—
|
53,366 | 26.7% |
P
S
|
253,162 | $3,108,829 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FSTR
FOSTER L B CO
|
Industrials | 1.94% | 1.51% |
#18
1
Prev: #19
|
1.3 |
—
|
-16,043 | -19.1% |
P
S
|
67,922 | $3,068,037 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CRD/B
CRAWFORD & CO
|
Financial Services | 1.90% | 1.89% |
#19
2
Prev: #17
|
1.8 |
—
|
no change | no change |
P
S
|
288,178 | $3,005,697 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
NODK
NI HLDGS INC
|
Financial Services | 1.29% | 1.08% |
#20
2
Prev: #22
|
1.5 |
—
|
no change | no change |
P
S
|
129,900 | $2,040,729 | 2017 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CLBK
COLUMBIA FINL I...
|
Financial Services | 1.20% | 0.38% |
#21
17
Prev: #38
|
3.5 |
—
|
55,500 | 164.2% |
P
S
|
89,294 | $1,894,819 | 2018 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MPB
MID PENN BANCOR...
|
Financial Services | 1.19% | 1.12% |
#22
1
Prev: #21
|
1.5 |
—
|
no change | no change |
P
S
|
54,177 | $1,887,527 | 2018 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CFG
CITIZENS FINL G...
|
Financial Services | 0.95% | 0.83% |
#23
Prev: #23
|
1.4 |
—
|
no change | no change |
P
S
|
21,485 | $1,505,454 | 2022 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
EBC
EASTERN BANKSHA...
|
Financial Services | 0.88% | 0.79% |
#24
Prev: #24
|
1.4 |
—
|
no change | no change |
P
S
|
62,576 | $1,391,690 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
UIS
UNISYS CORP
|
Technology | 0.80% | 0.46% |
#25
10
Prev: #35
|
1.3 |
—
|
no change | no change |
P
S
|
345,347 | $1,263,970 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FNB
F N B CORP
|
Financial Services | 0.77% | 0.69% |
#26
Prev: #26
|
1.3 |
—
|
no change | no change |
P
S
|
64,075 | $1,222,551 | 2014 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FRME
FIRST MERCHANTS...
|
Financial Services | 0.65% | 0.59% |
#27
1
Prev: #28
|
1.3 |
—
|
no change | no change |
P
S
|
23,662 | $1,033,793 | 2014 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
ECBK
ECB BANCORP INC
|
Financial Services | 0.63% | 0.54% |
#28
3
Prev: #31
|
1.3 |
—
|
no change | no change |
P
S
|
49,940 | $1,002,795 | 2023 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CZNC
CITIZENS & NORT...
|
Financial Services | 0.63% | 0.62% |
#29
2
Prev: #27
|
1.3 |
—
|
no change | no change |
P
S
|
42,900 | $999,999 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CTGO
CONTANGO SILVER...
|
Basic Materials | 0.60% | 0.72% |
#30
5
Prev: #25
|
1.2 |
—
|
no change | no change |
P
S
|
59,647 | $941,826 | 2021 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CPBI
CENTRAL PLAINS ...
|
Financial Services | 0.59% | 0.54% |
#31
1
Prev: #30
|
1.2 |
—
|
no change | no change |
P
S
|
49,117 | $934,697 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
NWFL
NORWOOD FINANCI...
|
Financial Services | 0.58% | 0.54% |
#32
3
Prev: #29
|
1.2 |
—
|
no change | no change |
P
S
|
28,580 | $918,847 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FMC
FMC CORP
|
Basic Materials | 0.57% | 0.53% |
#33
1
Prev: #32
|
3.2 |
—
|
30,000 | 62.5% |
P
S
|
78,000 | $897,000 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
DGICA
DONEGAL GROUP I...
|
Financial Services | 0.55% | 0.52% |
#34
1
Prev: #33
|
1.2 |
—
|
no change | no change |
P
S
|
46,490 | $876,801 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MBBC
MARATHON BANCOR...
|
Financial Services | 0.54% | 0.52% |
#35
1
Prev: #34
|
0.7 |
—
|
-3,226 | -5.5% |
P
S
|
55,750 | $851,860 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
LSBK
LAKE SHORE BANC...
|
Financial Services | 0.50% | 0.43% |
#36
Prev: #36
|
1.2 |
—
|
no change | no change |
P
S
|
44,259 | $788,253 | 2013 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FRBA
FIRST BK WILLIA...
|
Financial Services | 0.46% | 0.42% |
#37
Prev: #37
|
1.2 |
—
|
no change | no change |
P
S
|
41,143 | $729,465 | 2023 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
HBNC
HORIZON BANCORP...
|
Financial Services | 0.44% | 0.37% |
#38
1
Prev: #39
|
1.2 |
—
|
no change | no change |
P
S
|
35,052 | $700,344 | 2015 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
NWBI
NORTHWEST BANCS...
|
Financial Services | 0.36% | 0.31% |
#39
1
Prev: #40
|
1.1 |
—
|
no change | no change |
P
S
|
38,000 | $576,080 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
THRY
THRYV HLDGS INC
|
Technology | 0.36% | 0.26% |
#40
5
Prev: #45
|
1.1 |
—
|
no change | no change |
P
S
|
144,329 | $568,656 | 2020 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FCF
FIRST COMWLTH F...
|
Financial Services | 0.33% | 0.29% |
#41
Prev: #41
|
1.1 |
—
|
no change | no change |
P
S
|
25,560 | $519,635 | 2023 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
EBMT
EAGLE BANCORP M...
|
Financial Services | 0.32% | 0.28% |
#42
Prev: #42
|
1.1 |
—
|
no change | no change |
P
S
|
21,098 | $504,875 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
RMBI
RICHMOND MUT BA...
|
Financial Services | 0.30% | 0.26% |
#43
1
Prev: #44
|
1.1 |
—
|
no change | no change |
P
S
|
30,224 | $479,957 | 2019 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
DGICB
DONEGAL GROUP I...
|
Financial Services | 0.25% | 0.20% |
#44
3
Prev: #47
|
1.1 |
—
|
no change | no change |
P
S
|
17,856 | $388,904 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
DLX
DELUXE CORP MED...
|
Industrials | 0.21% | 0.25% |
#45
1
Prev: #46
|
1.1 |
—
|
no change | no change |
P
S
|
13,900 | $331,932 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
ASRV
AMERISERV FINL ...
|
Financial Services | 0.14% | 0.14% |
#46
2
Prev: #48
|
1.1 |
—
|
no change | no change |
P
S
|
58,200 | $225,816 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
PRA
PROASSURANCE CO...
|
Financial Services | 0.00% | 0.28% |
Sold All 😨
(Was: #43) |
0.0 |
—
|
-17,234 | -100.0% |
CLOSED
|
— | $— | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
GLDD
GREAT LAKES DRE...
|
Industrials | 0.00% | 11.30% |
Sold All 😨
(Was: #1) |
0.0 |
—
|
-1,029,703 | -100.0% |
CLOSED
|
— | $— | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 |
Showing 1-48 of 48 holdings