Fund Holdings

Minerva Advisors LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
UNIFI INC01,152,481+1,152,48105,485,8093.48%+5,485,809
NAVIGATOR HLDGS LTD(NVGS)0301,212+301,21204,665,7742.96%+4,665,774
INFUSYSTEM HLDGS INC994,7811,025,789+31,0086,177,59010,627,1746.75%+4,449,584
CRAWFORD & CO0288,334+288,33402,819,9061.79%+2,819,906
THRYV HLDGS INC0202,329+202,32902,440,0881.55%+2,440,088
SIFCO INDS INC466,901466,90101,741,5413,287,4502.09%+1,545,909
FREIGHTCAR AMER INC219,005258,546+39,5411,887,8232,528,5801.61%+640,757
UTAH MED PRODS INC93,05893,05805,267,0835,859,8623.72%+592,779
LAKE SHORE BANCORP INC044,259+44,2590575,3670.37%+575,367
SOUTHSTATE BK CORP05,661+5,6610559,6460.36%+559,646
EASTERN CO525,053530,053+5,00011,981,70912,435,0437.90%+453,334
FOSTER L B CO83,96583,96501,831,2772,262,8571.44%+431,580
CONTANGO ORE INC76,14776,14701,487,1511,898,3451.21%+411,194
ASTRONICS CORP255,905195,041-60,8648,562,5828,895,8205.65%+333,238
VIRCO MFG CO1,283,5161,362,502+78,98610,242,45810,559,3916.71%+316,933
DORMAN PRODS INC(DORM)8,5908,59001,053,3061,339,0090.85%+285,703
UNITED STS LIME & MINERALS I(USLM)6,2506,2500623,688822,1880.52%+198,500
PATHFINDER BANCORP INC MD262,204262,20403,938,3044,110,0472.61%+171,743
HARBORONE BANCORP INC NEW88,41488,41401,032,6761,202,4300.76%+169,754
NI HLDGS INC129,900129,90001,654,9261,761,4441.12%+106,518
FIRST SVGS FINL GROUP INC16,22116,2210403,741509,8260.32%+106,085
F N B CORP(FNB)64,07564,0750934,2131,032,2480.66%+98,035
CITIZENS FINL GROUP INC(CFG)23,58521,485-2,1001,055,4291,142,1430.73%+86,714
MARATHON BANCORP INC54,71858,976+4,258544,991615,1200.39%+70,129
CENTRAL PLAINS BANCSHARES IN49,11749,1170740,684800,6070.51%+59,923
KELLY SVCS INC40,00040,0000467,600524,8000.33%+57,200
DELUXE CORP(DLX)13,90013,9000221,149269,1040.17%+47,955
CITIZENS & NORTHN CORP42,90042,9000812,526849,8490.54%+37,323
FIRST BK WILLIAMSTOWN NEW JE41,14341,1430635,248670,2190.43%+34,971
PB BANKSHARES INC20,56020,5600359,800394,3410.25%+34,541
MID PENN BANCORP INC(MPB)54,17754,17701,525,0831,551,6300.99%+26,547
HORIZON BANCORP INC(HBNC)35,05235,0520538,048561,1830.36%+23,135
COMMUNITY FINANCIAL SYSTEM I(CBU)6,6186,6180366,505388,0800.25%+21,575
ECB BANCORP INC49,94049,9400771,074792,5480.50%+21,474
FIRST COMWLTH FINL CORP PA(FCF)25,56025,5600415,094435,7980.28%+20,704
PROASSURANCE CORP17,23417,2340393,452413,4440.26%+19,992
COLUMBIA FINL INC(CLBK)33,79433,7940490,351507,2480.32%+16,897
EAGLE BANCORP MONT INC21,09821,0980351,071364,3620.23%+13,291
RICHMOND MUT BANCORPORATION30,00030,0000414,000426,3000.27%+12,300
CITIZENS FINL SVCS INC7,8817,8810462,772475,0670.30%+12,295
ASCENT INDUSTRIES CO30,41530,4150383,533391,7450.25%+8,212
NORWOOD FINANCIAL CORP13,68113,6810352,697347,7710.22%-4,926
AMERISERV FINL INC58,20058,2000174,600168,7800.11%-5,820
FIRST MERCHANTS CORP(FRME)9,8759,8750378,213372,2880.24%-5,925
NORTHWEST BANCSHARES INC MD(NWBI)38,00038,0000485,640470,8200.30%-14,820
DONEGAL GROUP INC17,85617,8560313,016285,8750.18%-27,141
DONEGAL GROUP INC46,49046,4900930,265901,4410.57%-28,824
SAGA COMMUNICATIONS INC226,688226,68802,890,2722,819,9991.79%-70,273
DLH HLDGS CORP1,110,7431,116,802+6,0596,442,3096,309,9314.01%-132,378
CAMDEN NATL CORP(CAC)89,56889,56803,633,7743,456,4292.20%-177,345
UNISYS CORP345,347345,34701,564,4221,346,8530.86%-217,569
GREAT LAKES DREDGE & DOCK CO1,389,8071,389,807016,927,84916,663,78610.58%-264,063
SCRIPPS E W CO OHIO1,259,8421,385,920+126,0783,691,3373,409,3632.17%-281,974
LAKE SHORE BANCORP INC30,4740-30,474481,4890-481,489
SOUTH STATE CORP5,6610-5,661520,8690-520,869
ESCALADE INC537,814550,192+12,3787,486,3716,915,9134.39%-570,458
KEWAUNEE SCIENTIFIC CORP77,44280,274+2,8324,500,9293,423,6862.17%-1,077,243
TREDEGAR CORP1,657,1071,657,107014,582,54113,306,5698.45%-1,275,972
CRAWFORD & CO CL B281,6880-281,6882,825,3310-2,825,331
NAVIGATOR HOLDINGS LTD(NVGS)301,2120-301,2124,297,4830-4,297,483
THRYV HOLDINGS IINC202,3290-202,3294,677,0910-4,677,091
UNIFI INC1,085,2090-1,085,2095,664,7910-5,664,791
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