Minerva Advisors LLC

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
58
Quarter
2025 Q4
Top Holding
GLDD (12.2%)
Top 10 Concentration
59.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 58
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 12.18% 10.58% #1
Prev: #1
4.9 no change no change
P
S
1,389,807 $18,234,267 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TG
TREDEGAR CORP
Industrials 7.95% 8.45% #2
Prev: #2
3.2 no change no change
P
S
1,657,107 $11,898,029 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EML
EASTERN CO
Industrials 6.96% 7.90% #3
Prev: #3
2.8 -969 -0.2%
P
S
529,084 $10,417,664 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
INFU
INFUSYSTEM HLDG...
Healthcare 6.46% 6.75% #4
Prev: #4
4.6 52,942 5.2%
P
S
1,078,731 $9,676,217 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VIRC
VIRCO MFG CO
Consumer Cyclical 6.18% 6.71% #5
Prev: #5
4.5 85,696 6.3%
P
S
1,448,198 $9,253,985 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ESCA
ESCALADE INC
Consumer Cyclical 5.11% 4.39% #6 1
Prev: #7
4.1 17,429 3.2%
P
S
567,621 $7,657,207 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DLHC
DLH HLDGS CORP
Industrials 4.20% 4.01% #7 1
Prev: #8
1.7 -3,745 -0.3%
P
S
1,113,057 $6,288,772 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ATRO
ASTRONICS CORP
Industrials 3.70% 5.65% #8 2
Prev: #6
1.6 -92,797 -47.6%
P
S
102,244 $5,545,715 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SSP
SCRIPPS E W CO ...
Communication Services 3.69% 2.17% #9 6
Prev: #15
1.5 no change no change
P
S
1,385,920 $5,529,820 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UTMD
UTAH MED PRODS ...
Healthcare 3.50% 3.72% #10 1
Prev: #9
3.4 557 0.6%
P
S
93,615 $5,238,695 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVGS
NAVIGATOR HLDGS...
Energy 3.48% 2.96% #11
Prev: #11
1.4 no change no change
P
S
301,212 $5,216,992 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KEQU
KEWAUNEE SCIENT...
Consumer Cyclical 3.05% 2.17% #12 2
Prev: #14
3.4 41,589 51.8%
P
S
121,863 $4,558,895 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UFI
UNIFI INC
Consumer Cyclical 2.86% 3.48% #13 3
Prev: #10
3.2 69,939 6.1%
P
S
1,222,420 $4,278,471 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CAC
CAMDEN NATL COR...
Financial Services 2.60% 2.20% #14 1
Prev: #13
1.0 no change no change
P
S
89,568 $3,885,460 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PBHC
PATHFINDER BANC...
Financial Services 2.47% 2.61% #15 3
Prev: #12
1.0 no change no change
P
S
262,204 $3,699,699 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRD/B
CRAWFORD & CO
Financial Services 2.06% 1.79% #16 2
Prev: #18
0.8 -156 -0.1%
P
S
288,178 $3,089,268 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RAIL
FREIGHTCAR AMER...
Industrials 1.97% 1.61% #17 2
Prev: #19
2.8 8,500 3.3%
P
S
267,046 $2,956,199 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SIF
SIFCO INDS INC
Industrials 1.82% 2.09% #18 2
Prev: #16
2.7 22,083 4.7%
P
S
488,984 $2,728,530 2013 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FSTR
FOSTER L B CO
Industrials 1.51% 1.44% #19 2
Prev: #21
0.6 no change no change
P
S
83,965 $2,262,857 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CTGO
CONTANGO ORE IN...
Basic Materials 1.34% 1.21% #20 2
Prev: #22
0.5 no change no change
P
S
76,147 $2,011,042 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NODK
NI HLDGS INC
Financial Services 1.15% 1.12% #21 2
Prev: #23
0.5 no change no change
P
S
129,900 $1,727,670 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MPB
MID PENN BANCOR...
Financial Services 1.12% 0.99% #22 2
Prev: #24
0.4 no change no change
P
S
54,177 $1,680,571 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CFG
CITIZENS FINL G...
Financial Services 0.84% 0.73% #23 5
Prev: #28
0.3 no change no change
P
S
21,485 $1,254,939 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EBC
EASTERN BANKSHA...
Financial Services 0.77% #24
Prev: #—
2.3 62,576 no change
NEW
62,576 $1,153,276 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FNB
F N B CORP
Financial Services 0.73% 0.66% #25 4
Prev: #29
0.3 no change no change
P
S
64,075 $1,095,683 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HONE
HARBORONE BANCO...
Unknown 0.00% 0.76%
Sold All 😨
(Was: #27)
0.3 -88,414 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 58 holdings

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