Fund Holdings

Minerva Advisors LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
SIFCO INDUSTRIES INC488,984480,650-8,3342,728,5306,397,4524.13%+3,668,922
ESCALADE INC567,621567,62107,657,2079,746,0536.29%+2,088,846
INFUSYSTEM HLDGS INC1,078,7311,204,105+125,3749,676,21711,113,8897.17%+1,437,672
TREDEGAR CORP1,657,1071,665,607+8,50011,898,02913,241,5768.55%+1,343,547
KELLY SERVICES INC58,400199,796+141,396513,9201,768,1951.14%+1,254,275
EASTERN CO529,084546,402+17,31810,417,66411,059,1767.14%+641,512
UTAH MEDICAL PRODUCTS INC93,61593,61505,238,6955,803,1943.75%+564,499
FIRST MERCHANTS CORP(FRME)9,87523,662+13,787370,115916,4300.59%+546,315
NAVIGATOR HOLDINGS LTD(NVGS)301,212296,212-5,0005,216,9925,725,7783.70%+508,786
NORWOOD FINANCIAL CORP13,68128,580+14,899383,752840,8240.54%+457,072
CAMDEN NATIONAL CORP(CAC)89,56889,56803,885,4604,250,0022.74%+364,542
FMC CORP(FMC)018,000+18,0000309,9600.20%+309,960
UNIFI INC1,222,4201,258,626+36,2064,278,4714,493,2952.90%+214,824
DLH HOLDINGS CORP1,113,0571,113,037-206,288,7726,477,8754.18%+189,103
SCRIPPS E W CO OHIO1,385,9201,526,490+140,5705,529,8205,678,5423.67%+148,722
KEWAUNEE SCIENTIFIC CP121,863136,705+14,8424,558,8954,684,8803.02%+125,985
CITIZENS & NORTHERN CORP42,90042,9000865,293958,3860.62%+93,093
MARATHON BANCORP INC58,97658,9760717,148797,9460.52%+80,798
FOSTER L B CO83,96583,96502,262,8572,342,6231.51%+79,766
DELUXE CORP(DLX)13,90013,9000310,387382,8060.25%+72,419
EASTERN BANKSHARES INC(EBC)62,57662,57601,153,2761,223,9870.79%+70,711
COLUMBIA FINANCIAL(CLBK)33,79433,7940525,159591,7330.38%+66,574
MID PENN BANCORP(MPB)54,17754,17701,680,5711,742,3321.12%+61,761
CITIZENS FINL GROUP INC(CFG)21,48521,48501,254,9391,288,4550.83%+33,516
VIRCO MANUFACTURING CO1,448,1981,517,452+69,2549,253,9859,286,8065.99%+32,821
NORTHWEST BANCSHARES INC(NWBI)38,00038,0000456,000482,2200.31%+26,220
AMERISERV FINANC INC58,20058,2000185,658210,6840.14%+25,026
LAKE SHORE BANCORP INC44,25944,2590648,837671,8520.43%+23,015
FIRST COMMONWEALTH FINANCIAL(FCF)25,56025,5600430,942449,3450.29%+18,403
EAGLE BANCORP MONT INC21,09821,0980419,850434,1970.28%+14,347
PROASSURANCE CORP17,23417,2340416,373426,0240.28%+9,651
CENTRAL PLAINS BANCSHARES INC49,11749,1170831,060840,3920.54%+9,332
DONEGAL GROUP INC17,85617,8560315,873315,8730.20%0
HORIZON BANCORP INDIANA(HBNC)35,05235,0520594,482580,8160.37%-13,666
RICHMOND MUTUAL30,22430,2240424,345410,1400.26%-14,205
FIRST BANK WILLIAMSTOWN NJ
COM
41,14341,1430677,214658,2880.42%-18,926
FNB CORP(FNB)64,07564,07501,095,6831,071,3340.69%-24,349
ECB BANCORP INC49,94049,9400868,457835,4960.54%-32,961
NI HOLDINGS INC129,900129,90001,727,6701,674,4111.08%-53,259
DONEGAL GROUP INC46,49046,4900928,871798,6990.52%-130,172
FMC CORP(FMC)48,00030,000-18,000665,760516,6000.33%-149,160
CRAWFORD & CO CL B288,178288,17803,089,2682,922,1251.89%-167,143
FREIGHTCAR AMERICA INC267,046341,023+73,9772,956,1992,717,9531.75%-238,246
UNISYS CORP345,347345,3470953,158714,8680.46%-238,290
PATHFINDER BANCORP INC262,204262,20403,699,6993,345,7232.16%-353,976
SAGA COMMUNICATIONS INC31,8310-31,831364,4650-364,465
COMMUNITY FINANCIAL SYSTEM I(CBU)6,6180-6,618380,1380-380,138
PB BANKSHARES INC20,5600-20,560434,8440-434,844
CITIZENS FINL SVCS INC7,8810-7,881449,3750-449,375
ASCENT INDUSTRIES CO30,4150-30,415492,4190-492,419
THRYV HOLDINGS IINC148,329144,329-4,000897,390395,4610.26%-501,929
FIRST SVGS FINL GROUP INC16,2210-16,221516,8010-516,801
SOUTHSTATE BK CORP5,6610-5,661532,7570-532,757
GREAT LAKES DREDGE & DOCK CO1,389,8071,029,703-360,10418,234,26717,504,95111.30%-729,316
UNITED STS LIME & MINERALS I(USLM)6,2500-6,250748,3750-748,375
ASTRONICS CORP102,24470,340-31,9045,545,7154,693,7893.03%-851,926
CONTANGO ORE INC76,14759,647-16,5002,011,0421,118,3810.72%-892,661
DORMAN PRODS INC(DORM)8,5900-8,5901,058,2020-1,058,202
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