Minerva Advisors LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Minerva Advisors LLC disclosed 56 US equity positions worth $152.6m in its Q2 2025 13F filing. The largest position was GLDD at 11.1% of the reported book, followed by TG and EML. Against the Q1 2025 filing, it opened 2 new positions, added to 13 and reduced 1 among the top 50 holdings.
What did Minerva Advisors LLC own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GLDD GREAT LAKES DREDGE & DOCK CO | 11.1% | $16.9m | 1,389,807 | 0% | held | |
| 2 | TG TREDEGAR CORP | Industrials | 9.6% | $14.6m | 1,657,107 | 0% | held |
| 3 | EML EASTERN CO | 7.9% | $12.0m | 525,053 | 4% | added | |
| 4 | VIRC VIRCO MANUFACTURING CO | Consumer Cyclical | 6.7% | $10.2m | 1,283,516 | 6% | added |
| 5 | ATRO ASTRONICS CORP | Industrials | 5.6% | $8.6m | 255,905 | -45% | reduced |
| 6 | ESCA ESCALADE INC | 4.9% | $7.5m | 537,814 | 0% | held | |
| 7 | DLHC DLH HOLDINGS CORP | 4.2% | $6.4m | 1,110,743 | 9% | added | |
| 8 | INFU INFUSYSTEM HLDGS INC | Healthcare | 4.0% | $6.2m | 994,781 | 9% | added |
| 9 | UFI UNIFI INC | Consumer Cyclical | 3.7% | $5.7m | 1,085,209 | 20% | added |
| 10 | UTMD UTAL MED PRODS INC | 3.5% | $5.3m | 93,058 | 7% | added | |
| 11 | THRY THRYV HOLDINGS IINC | 3.1% | $4.7m | 202,329 | 0% | held | |
| 12 | KEQU KEWAUNEE SCIENTIFIC CP | 2.9% | $4.5m | 77,442 | 5% | added | |
| 13 | NVGS NAVIGATOR HOLDINGS LTD | Energy | 2.8% | $4.3m | 301,212 | 0% | held |
| 14 | PATHFINDER BANCORP INC | 2.6% | $3.9m | 262,204 | 0% | held | |
| 15 | SSP SCRIPPS E W CO OHIO | 2.4% | $3.7m | 1,259,842 | 0% | held | |
| 16 | CAC CAMDEN NATIONAL CORP | 2.4% | $3.6m | 89,568 | 0% | held | |
| 17 | SGA SAGA COMMUNICATIONS INC | 1.9% | $2.9m | 226,688 | 0% | held | |
| 18 | CRD/B CRAWFORD & CO CL B | 1.9% | $2.8m | 281,688 | 2% | added | |
| 19 | RAIL FREIGHTCAR AMERICA INC | 1.2% | $1.9m | 219,005 | 0% | held | |
| 20 | FSTR FOSTER L B CO | Industrials | 1.2% | $1.8m | 83,965 | 5% | added |
| 21 | SIF SIFCO INDUSTRIES INC | 1.1% | $1.7m | 466,901 | 0% | held | |
| 22 | NODK NI HOLDINGS INC | 1.1% | $1.7m | 129,900 | 0% | held | |
| 23 | UIS UNISYS CORP | Technology | 1.0% | $1.6m | 345,347 | 0% | held |
| 24 | MPB MID PENN BANCORP | 1.0% | $1.5m | 54,177 | 5% | added | |
| 25 | CTGO CONTANGO ORE INC | 1.0% | $1.5m | 76,147 | 9% | added | |
| 26 | CFG CITIZENS FINL GROUP INC | Financial Services | 0.7% | $1.1m | 23,585 | 0% | held |
| 27 | DORM DORMAN PRODUCTS INC | Consumer Cyclical | 0.7% | $1.1m | 8,590 | 0% | held |
| 28 | 1S4 HARBOR ONE BANCORP INC NEW | 0.7% | $1.0m | 88,414 | 0% | held | |
| 29 | FNB FNB CORP | Financial Services | 0.6% | $934.2k | 64,075 | 0% | held |
| 30 | DGICA DONEGAL GROUP INC | 0.6% | $930.3k | 46,490 | 0% | held | |
| 31 | CZNC CITIZENS & NORTHERN CORP | 0.5% | $812.5k | 42,900 | 0% | held | |
| 32 | ECBK ECB BANCORP INC | 0.5% | $771.1k | 49,940 | 0% | held | |
| 33 | CPBI CENTRAL PLAINS BANCSHARES INC | 0.5% | $740.7k | 49,117 | 0% | held | |
| 34 | FRBA FIRST BANK WILLIAMSTOWN NJ | 0.4% | $635.2k | 41,143 | 0% | held | |
| 35 | USLM US LIME & MINERAL | Basic Materials | 0.4% | $623.7k | 6,250 | 0% | held |
| 36 | MARATHON BANCORP INC | 0.4% | $545.0k | 54,718 | – | new | |
| 37 | HBNC HORIZON BANCORP INDIANA | Financial Services | 0.4% | $538.0k | 35,052 | 0% | held |
| 38 | SSBUSD SOUTH STATE CORP | 0.3% | $520.9k | 5,661 | 0% | held | |
| 39 | COLUMBIA FINANCIAL | 0.3% | $490.4k | 33,794 | 0% | held | |
| 40 | NWBI NORTHWEST BANCSHARES INC | Financial Services | 0.3% | $485.6k | 38,000 | 0% | held |
| 41 | LAKE SHORE BANCORP INC | 0.3% | $481.5k | 30,474 | 1% | added | |
| 42 | KELYA KELLY SERVICES INC | 0.3% | $467.6k | 40,000 | – | new | |
| 43 | CITIZENS FINL SVCS INC | 0.3% | $462.8k | 7,881 | 1% | added | |
| 44 | FCF FIRST COMMONWEALTH FINANCIAL | Financial Services | 0.3% | $415.1k | 25,560 | 0% | held |
| 45 | RMBI RICHMOND MUTUAL | 0.3% | $414.0k | 30,000 | 0% | held | |
| 46 | FSFG FIRST SAVINGS FINANCIAL GP INC | 0.3% | $403.7k | 16,221 | 0% | held | |
| 47 | PRA PROASSURANCE CORP | 0.3% | $393.5k | 17,234 | 0% | held | |
| 48 | ACNT ASCENT INDUSTRIES | Basic Materials | 0.3% | $383.5k | 30,415 | 0% | held |
| 49 | FRME FIRST MERCHANTS CORP | Financial Services | 0.2% | $378.2k | 9,875 | 0% | held |
| 50 | CBU COMMUNITY BANK SYS INC | Financial Services | 0.2% | $366.5k | 6,618 | 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.