Minerva Advisors LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1541536) · Explore on the interactive board
Minerva Advisors LLC disclosed 46 US equity positions worth $158.3m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 12, 2026). Its largest position is EML at 9.6% of the reported book, followed by TG, INFU. The top ten holdings are 60.7% of the book, and the portfolio behaves like about 21 equal-weight positions. Versus the prior filing it opened 0 new positions, added to 8, reduced 4 and exited 2. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Minerva Advisors LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 0 new, 8 added, 4 reduced, 2 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | EML EASTERN CO | 9.6% | $15.2m | 546,402 | 0% | held | |
| 2 | TG TREDEGAR CORP | Industrials | 8.4% | $13.3m | 1,665,607 | 0% | held |
| 3 | INFU INFUSYSTEM HLDGS INC | Healthcare | 8.2% | $13.0m | 1,348,617 | 12% | added |
| 4 | SIF SIFCO INDS INC | 6.7% | $10.7m | 455,650 | -5% | reduced | |
| 5 | ESCA ESCALADE INC | 6.7% | $10.7m | 567,222 | -0% | held | |
| 6 | VIRC VIRCO MFG CO | Consumer Cyclical | 6.0% | $9.4m | 1,535,454 | 1% | added |
| 7 | UTMD UTAH MED PRODS INC | Healthcare | 4.1% | $6.5m | 93,615 | 0% | held |
| 8 | UFI UNIFI INC | Consumer Cyclical | 3.8% | $6.0m | 1,258,792 | 0% | held |
| 9 | DLHC DLH HLDGS CORP | 3.7% | $5.9m | 1,116,368 | 0% | held | |
| 10 | NVGS NAVIGATOR HLDGS LTD | Energy | 3.5% | $5.5m | 296,212 | 0% | held |
| 11 | KEQU KEWAUNEE SCIENTIFIC CORP | 3.4% | $5.3m | 149,410 | 9% | added | |
| 12 | SSP SCRIPPS E W CO OHIO | Communication Services | 3.2% | $5.1m | 1,832,707 | 20% | added |
| 13 | CAC CAMDEN NATL CORP | 3.1% | $4.9m | 89,568 | 0% | held | |
| 14 | ATRO ASTRONICS CORP | Industrials | 2.8% | $4.5m | 55,041 | -22% | reduced |
| 15 | PATHFINDER BANCORP INC MD | 2.6% | $4.2m | 262,204 | 0% | held | |
| 16 | RAIL FREIGHTCAR AMER INC | 2.3% | $3.7m | 379,030 | 11% | added | |
| 17 | KELYA KELLY SVCS INC | 2.0% | $3.1m | 253,162 | 27% | added | |
| 18 | FSTR FOSTER L B CO | Industrials | 1.9% | $3.1m | 67,922 | -19% | reduced |
| 19 | CRD/B CRAWFORD & CO | 1.9% | $3.0m | 288,178 | 0% | held | |
| 20 | NODK NI HLDGS INC | 1.3% | $2.0m | 129,900 | 0% | held | |
| 21 | COLUMBIA FINL INC | 1.2% | $1.9m | 89,294 | 164% | added | |
| 22 | MPB MID PENN BANCORP INC | 1.2% | $1.9m | 54,177 | 0% | held | |
| 23 | CFG CITIZENS FINL GROUP INC | Financial Services | 1.0% | $1.5m | 21,485 | 0% | held |
| 24 | EBC EASTERN BANKSHARES INC | Financial Services | 0.9% | $1.4m | 62,576 | 0% | held |
| 25 | UIS UNISYS CORP | Technology | 0.8% | $1.3m | 345,347 | 0% | held |
| 26 | FNB F N B CORP | Financial Services | 0.8% | $1.2m | 64,075 | 0% | held |
| 27 | FRME FIRST MERCHANTS CORP | Financial Services | 0.7% | $1.0m | 23,662 | 0% | held |
| 28 | ECBK ECB BANCORP INC | 0.6% | $1.0m | 49,940 | 0% | held | |
| 29 | CZNC CITIZENS & NORTHN CORP | 0.6% | $1,000.0k | 42,900 | 0% | held | |
| 30 | CTGO CONTANGO SILVER & GOLD INC | 0.6% | $941.8k | 59,647 | 0% | held | |
| 31 | CPBI CENTRAL PLAINS BANCSHARES IN | 0.6% | $934.7k | 49,117 | 0% | held | |
| 32 | NWFL NORWOOD FINANCIAL CORP | 0.6% | $918.8k | 28,580 | 0% | held | |
| 33 | FMC FMC CORP | Basic Materials | 0.6% | $897.0k | 78,000 | 62% | added |
| 34 | DGICA DONEGAL GROUP INC | 0.6% | $876.8k | 46,490 | 0% | held | |
| 35 | MARATHON BANCORP INC | 0.5% | $851.9k | 55,750 | -5% | reduced | |
| 36 | LSBK LAKE SHORE BANCORP INC | 0.5% | $788.3k | 44,259 | 0% | held | |
| 37 | FRBA FIRST BK WILLIAMSTOWN NEW JE | 0.5% | $729.5k | 41,143 | 0% | held | |
| 38 | HBNC HORIZON BANCORP IND | Financial Services | 0.4% | $700.3k | 35,052 | 0% | held |
| 39 | NWBI NORTHWEST BANCSHARES INC | Financial Services | 0.4% | $576.1k | 38,000 | 0% | held |
| 40 | THRY THRYV HLDGS INC | 0.4% | $568.7k | 144,329 | 0% | held | |
| 41 | FCF FIRST COMWLTH FINL CORP PA | Financial Services | 0.3% | $519.6k | 25,560 | 0% | held |
| 42 | EBMT EAGLE BANCORP MONT INC | 0.3% | $504.9k | 21,098 | 0% | held | |
| 43 | RMBI RICHMOND MUT BANCORPORATION | 0.3% | $480.0k | 30,224 | 0% | held | |
| 44 | DONEGAL GROUP INC | 0.2% | $388.9k | 17,856 | 0% | held | |
| 45 | DLX DELUXE CORP MEDIUM TERM NTS | Industrials | 0.2% | $331.9k | 13,900 | 0% | held |
| 46 | ASRV AMERISERV FINL INC | 0.1% | $225.8k | 58,200 | 0% | held |
What did Minerva Advisors LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| GLDD GREAT LAKES DREDGE & DOCK CO | 97.6% | $17.5m |
| PRA PROASSURANCE CORP | 2.4% | $426.0k |
Sector mix
| Sector | Weight |
|---|---|
| Industrials | 13.4% |
| Healthcare | 12.3% |
| Consumer Cyclical | 9.7% |
| Financial Services | 4.4% |
| Energy | 3.5% |
| Communication Services | 3.2% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Minerva Advisors LLC's portfolio?
Across every quarter Minerva Advisors LLC has filed, its median largest position is 10.5% of the book and its median top-ten weight is 61.4%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 2.0 completed holding spells, the median lasted 1.0 quarters; 46.0 positions are still open and their final length is unknown.