AI Portfolio Summary
In 2025 Q4, Minerva Advisors LLC maintained a portfolio of 58 distinct positions. The most significant new addition to the portfolio was EASTERN BANKSHARES I, which now represents 0.77% of the total fund value. They heavily accumulated shares in INFUSYSTEM HLDGS INC, increasing their position by 5.2%. The fund also reduced its exposure to ASTRONICS CORP by 47.6%.
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:
Showing 1-50 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
|
7.0 | 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
|
5.7 | 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
|
4.3 | -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
|
5.1 | 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
|
5.0 | 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
|
2.5 | 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
|
2.2 | -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
|
1.5 | -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
|
2.5 | 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
|
1.9 | 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
|
2.4 | 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
|
4.2 | 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
|
3.1 | 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
|
2.0 | 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
|
2.0 | 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
|
1.3 | -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
|
1.3 | 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
|
1.2 | 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
|
1.6 | 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
|
1.5 | 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
|
1.5 | 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
|
1.4 | 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
|
1.3 | 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: #—
|
3.8 | 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
|
1.3 | no change | no change |
P
S
|
64,075 | $1,095,683 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DORM
DORMAN PRODS IN...
|
Consumer Cyclical | 0.71% | 0.85% |
#26
Prev: #26
|
1.3 | no change | no change |
P
S
|
8,590 | $1,058,202 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UIS
UNISYS CORP
|
Technology | 0.64% | 0.86% |
#27
2
Prev: #25
|
1.3 | no change | no change |
P
S
|
345,347 | $953,158 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DGICA
DONEGAL GROUP I...
|
Financial Services | 0.62% | 0.57% |
#28
2
Prev: #30
|
1.2 | no change | no change |
P
S
|
46,490 | $928,871 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
THRY
THRYV HLDGS INC
|
Technology | 0.60% | 1.55% |
#29
9
Prev: #20
|
0.2 | -54,000 | -26.7% |
P
S
|
148,329 | $897,390 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ECBK
ECB BANCORP INC
|
Financial Services | 0.58% | 0.50% |
#30
4
Prev: #34
|
1.2 | no change | no change |
P
S
|
49,940 | $868,457 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CZNC
CITIZENS & NORT...
|
Financial Services | 0.58% | 0.54% |
#31
Prev: #31
|
1.2 | no change | no change |
P
S
|
42,900 | $865,293 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CPBI
CENTRAL PLAINS ...
|
Financial Services | 0.56% | 0.51% |
#32
1
Prev: #33
|
1.2 | no change | no change |
P
S
|
49,117 | $831,060 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
USLM
UNITED STS LIME...
|
Basic Materials | 0.50% | 0.52% |
#33
1
Prev: #32
|
1.2 | no change | no change |
P
S
|
6,250 | $748,375 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MBBC
MARATHON BANCOR...
|
Financial Services | 0.48% | 0.39% |
#34
2
Prev: #36
|
1.2 | no change | no change |
P
S
|
58,976 | $717,148 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FRBA
FIRST BK WILLIA...
|
Financial Services | 0.45% | 0.43% |
#35
Prev: #35
|
1.2 | no change | no change |
P
S
|
41,143 | $677,214 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FMC
FMC CORP
|
Basic Materials | 0.44% | — |
#36
Prev: #—
|
3.7 | 48,000 | no change |
NEW
|
48,000 | $665,760 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LSBK
LAKE SHORE BANC...
|
Financial Services | 0.43% | 0.37% |
#37
Prev: #37
|
1.2 | no change | no change |
P
S
|
44,259 | $648,837 | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HBNC
HORIZON BANCORP...
|
Financial Services | 0.40% | 0.36% |
#38
Prev: #38
|
1.2 | no change | no change |
P
S
|
35,052 | $594,482 | 2015 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SSB
SOUTHSTATE BK C...
|
Financial Services | 0.36% | 0.36% |
#39
Prev: #39
|
1.1 | no change | no change |
P
S
|
5,661 | $532,757 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CLBK
COLUMBIA FINL I...
|
Financial Services | 0.35% | 0.32% |
#40
2
Prev: #42
|
1.1 | no change | no change |
P
S
|
33,794 | $525,159 | 2018 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSFG
FIRST SVGS FINL...
|
Financial Services | 0.35% | 0.32% |
#41
Prev: #41
|
1.1 | no change | no change |
P
S
|
16,221 | $516,801 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KELYA
KELLY SVCS INC
|
Industrials | 0.34% | 0.33% |
#42
2
Prev: #40
|
2.6 | 18,400 | 46.0% |
P
S
|
58,400 | $513,920 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ACNT
ASCENT INDUSTRI...
|
Basic Materials | 0.33% | 0.25% |
#43
6
Prev: #49
|
1.1 | no change | no change |
P
S
|
30,415 | $492,419 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NWBI
NORTHWEST BANCS...
|
Financial Services | 0.30% | 0.30% |
#44
Prev: #44
|
1.1 | no change | no change |
P
S
|
38,000 | $456,000 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CZFS
CITIZENS FINL S...
|
Financial Services | 0.30% | 0.30% |
#45
2
Prev: #43
|
1.1 | no change | no change |
P
S
|
7,881 | $449,375 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PBBK
PB BANKSHARES I...
|
Financial Services | 0.29% | 0.25% |
#46
2
Prev: #48
|
1.1 | no change | no change |
P
S
|
20,560 | $434,844 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FCF
FIRST COMWLTH F...
|
Financial Services | 0.29% | 0.28% |
#47
2
Prev: #45
|
1.1 | no change | no change |
P
S
|
25,560 | $430,942 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RMBI
RICHMOND MUT BA...
|
Financial Services | 0.28% | 0.27% |
#48
2
Prev: #46
|
0.6 | 224 | 0.7% |
P
S
|
30,224 | $424,345 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EBMT
EAGLE BANCORP M...
|
Financial Services | 0.28% | 0.23% |
#49
3
Prev: #52
|
1.1 | no change | no change |
P
S
|
21,098 | $419,850 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PRA
PROASSURANCE CO...
|
Financial Services | 0.28% | 0.26% |
#50
3
Prev: #47
|
1.1 | no change | no change |
P
S
|
17,234 | $416,373 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 58 holdings