Investor
Minerva Advisors LLC
CIK 0001541536 · filed 2026-05-12 · SEC filing
13F book
$154.9M
Positions
48
0 new · 9 sold
Largest name
11.3%
Great Lakes Dredge & Dock Co
Est. mark
$11.2M
Price effect on 48 names still held. Flow −$6.05M.
| Name | Ticker | Shares | Value | Weight | Est. mark | Change |
|---|---|---|---|---|---|---|
| Great Lakes Dredge & Dock Co | — | 1.03M | $17.5M | 11.3% | $4M | Cut−$729.3K |
| Tredegar Corp | TG | 1.67M | $13.2M | 8.5% | $1.28M | Added$1.34M |
| Infusystem Hldgs Inc | — | 1.2M | $11.1M | 7.2% | $280.5K | Added$1.44M |
| Eastern Co | EML | 546.4K | $11.1M | 7.1% | $291K | Added$641.5K |
| Escalade Inc | ESCA | 567.6K | $9.75M | 6.3% | $2.09M | Held |
| Virco Mfg Corporation | VIRC | 1.52M | $9.29M | 6.0% | −$391K | Added$32.8K |
| Dlh Hldgs Corp | — | 1.11M | $6.48M | 4.2% | $189.2K | Cut$189.1K |
| Sifco Inds Inc | — | 480.6K | $6.4M | 4.1% | $3.72M | Cut$3.67M |
| Utah Med Prods Inc | — | 93.6K | $5.8M | 3.7% | $564.5K | Held |
| Navigator Hldgs Ltd | — | 296.2K | $5.73M | 3.7% | $595.4K | Cut$508.8K |
| Scripps E W Co Ohio | — | 1.53M | $5.68M | 3.7% | −$374.2K | Added$148.7K |
| Astronics Corp | — | 70.3K | $4.69M | 3.0% | $878.5K | Cut−$851.9K |
| Kewaunee Scientific Corp | — | 136.7K | $4.68M | 3.0% | −$382.7K | Added$126K |
| Unifi Inc | UFI | 1.26M | $4.49M | 2.9% | $85.6K | Added$214.8K |
| Camden Natl Corp | — | 89.6K | $4.25M | 2.7% | $364.5K | Held |
| Pathfinder Bancorp Inc Md | — | 262.2K | $3.35M | 2.2% | −$354K | Held |
| Crawford & Co | — | 288.2K | $2.92M | 1.9% | −$167.1K | Held |
| Freightcar Amer Inc | — | 341K | $2.72M | 1.8% | −$827.8K | Added−$238.2K |
| Foster L B Co | FSTR | 84K | $2.34M | 1.5% | $79.8K | Held |
| Kelly Svcs Inc | — | 199.8K | $1.77M | 1.1% | $2.92K | Added$1.25M |
| Mid Penn Bancorp Inc | MPB | 54.2K | $1.74M | 1.1% | $61.8K | Held |
| Ni Hldgs Inc | — | 129.9K | $1.67M | 1.1% | −$53.3K | Held |
| Citizens Finl Group Inc | — | 21.5K | $1.29M | 0.8% | $33.5K | Held |
| Eastern Bankshares, Inc. | EBC | 62.6K | $1.22M | 0.8% | $70.7K | Held |
| Contango Ore Inc | CTGO | 59.6K | $1.12M | 0.7% | −$456.9K | Cut−$892.7K |
| F N B Corp | — | 64.1K | $1.07M | 0.7% | −$24.3K | Held |
| Citizens & Northn Corp | — | 42.9K | $958.4K | 0.6% | $93.1K | Held |
| First Merchants Corp | — | 23.7K | $916.4K | 0.6% | $12.3K | Added$546.3K |
| Norwood Financial Corp | NWFL | 28.6K | $840.8K | 0.5% | $18.7K | Added$457.1K |
| Central Plains Bancshares In | — | 49.1K | $840.4K | 0.5% | $9.33K | Held |
| Ecb Bancorp Inc | — | 49.9K | $835.5K | 0.5% | −$33K | Held |
| Fmc Corp | FMC | 48K | $826.6K | 0.5% | $160.8K | Held |
| Donegal Group Inc | — | 46.5K | $798.7K | 0.5% | −$130.2K | Held |
| Marathon Bancorp Inc | — | 59K | $797.9K | 0.5% | $80.8K | Held |
| Unisys Corp | UIS | 345.3K | $714.9K | 0.5% | −$238.3K | Held |
| Lake Shore Bancorp Inc | — | 44.3K | $671.9K | 0.4% | $23K | Held |
| First Bk Williamstown New Je | — | 41.1K | $658.3K | 0.4% | −$18.9K | Held |
| Columbia Finl Inc | — | 33.8K | $591.7K | 0.4% | $66.6K | Held |
| Horizon Bancorp Inc | — | 35.1K | $580.8K | 0.4% | −$13.7K | Held |
| Northwest Bancshares Inc Md | NWBI | 38K | $482.2K | 0.3% | $26.2K | Held |
| First Comwlth Finl Corp Pa | — | 25.6K | $449.3K | 0.3% | $18.4K | Held |
| Eagle Bancorp Mont Inc | — | 21.1K | $434.2K | 0.3% | $14.3K | Held |
| Proassurance Corp | — | 17.2K | $426K | 0.3% | $9.65K | Held |
| Richmond Mut Bancorporation | — | 30.2K | $410.1K | 0.3% | −$14.2K | Held |
| Thryv Hldgs Inc | — | 144.3K | $395.5K | 0.3% | −$477.7K | Cut−$501.9K |
| Deluxe Corp | DLX | 13.9K | $382.8K | 0.2% | $72.4K | Held |
| Donegal Group Inc | — | 17.9K | $315.9K | 0.2% | $0 | Held |
| Ameriserv Finl Inc | — | 58.2K | $210.7K | 0.1% | $25K | Held |
Positions as of Q1 2026. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.