Minerva Advisors LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Minerva Advisors LLC disclosed 55 US equity positions worth $140.7m in its Q1 2025 13F filing. The largest position was EML at 9.1% of the reported book, followed by TG and GLDD. Against the Q4 2024 filing, it opened 0 new positions, added to 9 and reduced 3 among the top 50 holdings.
What did Minerva Advisors LLC own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | EML EASTERN CO | 9.1% | $12.8m | 505,987 | 1% | added | |
| 2 | TG TREDEGAR CORP | Industrials | 9.1% | $12.8m | 1,657,107 | 0% | held |
| 3 | GLDD GREAT LAKES DREDGE & DOCK CO | 8.6% | $12.1m | 1,389,807 | 4% | added | |
| 4 | VIRC VIRCO MANUFACTURING CO | Consumer Cyclical | 8.1% | $11.5m | 1,210,455 | 4% | added |
| 5 | ATRO ASTRONICS CORP | Industrials | 8.0% | $11.2m | 463,105 | 0% | held |
| 6 | ESCA ESCALADE INC | 5.8% | $8.2m | 537,814 | 0% | held | |
| 7 | INFU INFUSYSTEM HLDGS INC | Healthcare | 3.5% | $4.9m | 910,677 | 8% | added |
| 8 | UTMD UTAL MED PRODS INC | 3.5% | $4.9m | 86,902 | 11% | added | |
| 9 | UFI UNIFI INC | Consumer Cyclical | 3.1% | $4.4m | 907,774 | 6% | added |
| 10 | PATHFINDER BANCORP INC | 3.1% | $4.3m | 262,204 | 0% | held | |
| 11 | DLHC DLH HOLDINGS CORP | 2.9% | $4.1m | 1,018,397 | 20% | added | |
| 12 | NVGS NAVIGATOR HOLDINGS LTD | Energy | 2.8% | $4.0m | 301,212 | -2% | reduced |
| 13 | SSP SCRIPPS E W CO OHIO | 2.7% | $3.7m | 1,259,842 | 8% | added | |
| 14 | CAC CAMDEN NATIONAL CORP | 2.6% | $3.6m | 89,568 | 0% | held | |
| 15 | CRD/B CRAWFORD & CO CL B | 2.2% | $3.2m | 276,688 | 0% | held | |
| 16 | KEQU KEWAUNEE SCIENTIFIC CP | 2.1% | $2.9m | 73,765 | -33% | reduced | |
| 17 | SGA SAGA COMMUNICATIONS INC | 2.0% | $2.8m | 226,688 | 0% | held | |
| 18 | THRY THRYV HOLDINGS IINC | 1.8% | $2.6m | 202,329 | -10% | reduced | |
| 19 | NODK NI HOLDINGS INC | 1.3% | $1.9m | 129,900 | 0% | held | |
| 20 | UIS UNISYS CORP | Technology | 1.1% | $1.6m | 345,347 | 0% | held |
| 21 | VILLAGE BANK & TRUST FIN CO | 1.1% | $1.6m | 19,745 | 0% | held | |
| 22 | FSTR FOSTER L B CO | Industrials | 1.1% | $1.6m | 79,798 | 0% | held |
| 23 | MPB MID PENN BANCORP | 1.0% | $1.3m | 51,732 | 0% | held | |
| 24 | SIF SIFCO INDUSTRIES INC | 0.9% | $1.3m | 466,751 | 0% | held | |
| 25 | RAIL FREIGHTCAR AMERICA INC | 0.9% | $1.2m | 219,005 | 0% | held | |
| 26 | DORM DORMAN PRODUCTS INC | Consumer Cyclical | 0.7% | $1.0m | 8,590 | 0% | held |
| 27 | CFG CITIZENS FINL GROUP INC | Financial Services | 0.7% | $966.3k | 23,585 | 0% | held |
| 28 | 1S4 HARBOR ONE BANCORP INC NEW | 0.7% | $916.9k | 88,414 | 0% | held | |
| 29 | DGICA DONEGAL GROUP INC | 0.6% | $912.6k | 46,490 | 0% | held | |
| 30 | CZNC CITIZENS & NORTHERN CORP | 0.6% | $863.1k | 42,900 | 0% | held | |
| 31 | FNB FNB CORP | Financial Services | 0.6% | $861.8k | 64,075 | 0% | held |
| 32 | ECBK ECB BANCORP INC | 0.5% | $756.6k | 49,940 | 37% | added | |
| 33 | CPBI CENTRAL PLAINS BANCSHARES INC | 0.5% | $732.8k | 49,117 | 0% | held | |
| 34 | CTGO CONTANGO ORE INC | 0.5% | $716.2k | 70,147 | 0% | held | |
| 35 | FRBA FIRST BANK WILLIAMSTOWN NJ | 0.4% | $609.3k | 41,143 | 0% | held | |
| 36 | USLM US LIME & MINERAL | Basic Materials | 0.4% | $552.4k | 6,250 | 0% | held |
| 37 | HBNC HORIZON BANCORP INDIANA | Financial Services | 0.4% | $528.6k | 35,052 | 0% | held |
| 38 | SSBUSD SOUTH STATE CORP | 0.4% | $525.5k | 5,661 | 0% | held | |
| 39 | COLUMBIA FINANCIAL | 0.4% | $506.9k | 33,794 | 0% | held | |
| 40 | LAKE SHORE BANCORP INC | 0.3% | $475.9k | 30,118 | 0% | held | |
| 41 | NWBI NORTHWEST BANCSHARES INC | Financial Services | 0.3% | $456.8k | 38,000 | 0% | held |
| 42 | CITIZENS FINL SVCS INC | 0.3% | $453.0k | 7,803 | 0% | held | |
| 43 | FSFG FIRST SAVINGS FINANCIAL GP INC | 0.3% | $417.9k | 16,221 | 0% | held | |
| 44 | PRA PROASSURANCE CORP | 0.3% | $402.4k | 17,234 | 0% | held | |
| 45 | FRME FIRST MERCHANTS CORP | Financial Services | 0.3% | $399.3k | 9,875 | 0% | held |
| 46 | FCF FIRST COMMONWEALTH FINANCIAL | Financial Services | 0.3% | $397.2k | 25,560 | 0% | held |
| 47 | ACNT ASCENT INDUSTRIES | Basic Materials | 0.3% | $385.1k | 30,415 | 0% | held |
| 48 | RMBI RICHMOND MUTUAL | 0.3% | $384.0k | 30,000 | 0% | held | |
| 49 | CBU COMMUNITY BANK SYS INC | Financial Services | 0.3% | $376.3k | 6,618 | 0% | held |
| 50 | EBMT EAGLE BANCORP MONT INC | 0.3% | $353.4k | 21,098 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.