Latest Minerva Advisors LLC Stock Portfolio

$158Million | No. of Holdings #46

Minerva Advisors LLC Performance

2026 Q2+12.78%

YTD+21.75%

2025+1.42%

About Minerva Advisors LLC and 13F Hedge Fund Stock Holdings

Minerva Advisors LLC is a hedge fund based in Bala Cynwyd, PA. On 2026-08-12, the fund reported it's updated stock portfolio. In the 13F Holdings report, Minerva Advisors LLC reported an equity portfolio of $158.3 Millions as of 30 Jun, 2026. <br><br> The top stock holdings of Minerva Advisors LLC are EML, TG, INFU. The fund has invested 9.6% of it's portfolio in EASTERN CO and 8.4% of portfolio in TREDEGAR CORP. <br><br> The fund managers got completely rid off GREAT LAKES DREDGE & DOCK CO (GLDD) and PROASSURANCE CORP (PRA) stocks. They significantly reduced their stock positions in ASTRONICS CORP (ATRO), FOSTER L B CO (FSTR) and MARATHON BANCORP INC (MBBC). The fund showed a lot of confidence in some stocks as they added substantially to COLUMBIA FINL INC (CLBK), FMC CORP (FMC) and KELLY SVCS INC (KELYA).

Minerva Advisors LLC Equity Portfolio Value

Last Reported on: 12 Aug, 2026

$158Million

as of Aug 12, 2026

Minerva Advisors LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Minerva Advisors LLC made a return of 12.78% in the last quarter. In trailing 12 months, it's portfolio return was 22.92%.

Performance
S&P 500

New Buys

No new stocks were added by Minerva Advisors LLC

Additions

Ticker	% Inc.
columbia finl inc	164
fmc corp	62.5
kelly svcs inc	26.71
scripps e w co ohio	20.06
infusystem hldgs inc	12.00
freightcar amer inc	11.14
kewaunee scientific corp	9.29
virco mfg co	1.19

Additions to existing portfolio by Minerva Advisors LLC

Reductions

Ticker	% Reduced
astronics corp	-21.75
foster l b co	-19.11
marathon bancorp inc	-5.47
sifco inds inc	-5.2
escalade inc	-0.07

Minerva Advisors LLC reduced stake in above stock

Sold off

Ticker	$ Sold
great lakes dredge & dock co	-17,505,000
proassurance corp	-426,024

Minerva Advisors LLC got rid off the above stocks

Sector Distribution

Minerva Advisors LLC has about 35.5% of it's holdings in Industrials sector.

Industrials
Consumer Cyclical
Financial Services
Healthcare
Others
Communication Services
Basic Materials

Sector	%
Industrials	35.5
Consumer Cyclical	19.8
Financial Services	16.4
Healthcare	12.3
Others	10.2
Communication Services	3.8
Basic Materials	1.2

Market Cap. Distribution

Minerva Advisors LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

MICRO-CAP
SMALL-CAP
UNALLOCATED
MID-CAP

Category	%
MICRO-CAP	71.3
SMALL-CAP	11.7
UNALLOCATED	10.2
MID-CAP	5.8

Stocks belong to which Index?

About 50.3% of the stocks held by Minerva Advisors LLC either belong to S&P 500 or RUSSELL 2000 index.

Others
RUSSELL 2000
S&P 500

Index	%
Others	49.7
RUSSELL 2000	48.8
S&P 500	1.5

Top 5 Winners (%)		%
UIS	unisys corp	76.8 %
SIF	sifco inds inc	73.8 %
FSTR	foster l b co	56.0 %
THRY	thryv hldgs inc	43.8 %
EML	eastern co	37.6 %

Top 5 Winners ($)		$
SIF	sifco inds inc	4.7 M
EML	eastern co	4.2 M
UFI	unifi inc	1.5 M
FSTR	foster l b co	1.3 M
ESCA	escalade inc	0.9 M

Top 5 Losers (%)		%
FMC	fmc corp	-28.7 %
SSP	scripps e w co ohio	-23.9 %
CTGO	contango silver & gold inc	-15.8 %
DLX	deluxe corp medium term nts	-13.3 %
DLHC	dlh hldgs corp	-9.8 %

Top 5 Losers ($)		$
SSP	scripps e w co ohio	-1.6 M
DLHC	dlh hldgs corp	-0.6 M
FMC	fmc corp	-0.4 M
NVGS	navigator hldgs ltd	-0.2 M
CTGO	contango silver & gold inc	-0.2 M

Minerva Advisors LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Minerva Advisors LLC

Minerva Advisors LLC has 46 stocks in it's portfolio. About 60.7% of the portfolio is in top 10 stocks. SSP proved to be the most loss making stock for the portfolio. SIF was the most profitable stock for Minerva Advisors LLC last quarter.

$158.28MTotal Value

48.00Positions

12 Aug, 2026Last Reported

Current holdings of Current Stock Holdings of Minerva Advisors LLC, last reported on 12 Aug, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
ASRV Ameriserv Finl Inc Ameriserv Finl IncASRV Minerva Advisors LLC's holding in Ameriserv Finl Inc over time	0.14%	58,200	$225.8K 0.14%	unchanged 0 percentunchanged

ATRO Astronics Corp Astronics CorpATRO Minerva Advisors LLC's holding in Astronics Corp over time	2.83%	55,041	$4.47M 2.83%	decreased 21.75 percentreduced

CAC Camden Natl Corp Camden Natl CorpCAC Minerva Advisors LLC's holding in Camden Natl Corp over time	3.07%	89,568	$4.86M 3.07%	unchanged 0 percentunchanged

CFG Citizens Finl Group Inc Citizens Finl Group IncCFG Minerva Advisors LLC's holding in Citizens Finl Group Inc over time	0.95%	21,485	$1.51M 0.95%	unchanged 0 percentunchanged

CLBK Columbia Finl Inc Columbia Finl IncCLBK Minerva Advisors LLC's holding in Columbia Finl Inc over time	1.2%	89,294	$1.89M 1.2%	increased 164.23 percentadded

CTGO Contango Silver & Gold Inc Contango Silver & Gold IncCTGO Minerva Advisors LLC's holding in Contango Silver & Gold Inc over time	0.6%	59,647	$941.8K 0.6%	unchanged 0 percentunchanged

CZNC Citizens & Northn Corp Citizens & Northn CorpCZNC Minerva Advisors LLC's holding in Citizens & Northn Corp over time	0.63%	42,900	$1000.0K 0.63%	unchanged 0 percentunchanged

DGICA Donegal Group Inc Donegal Group Inc DGICA Minerva Advisors LLC's holding in Donegal Group Inc over time	0.55%	46,490	$876.8K 0.55%	unchanged 0 percentunchanged

DGICA Donegal Group Inc Donegal Group Inc DGICA Minerva Advisors LLC's holding in Donegal Group Inc over time	0.25%	17,856	$388.9K 0.25%	unchanged 0 percentunchanged

DLHC Dlh Hldgs Corp Dlh Hldgs CorpDLHC Minerva Advisors LLC's holding in Dlh Hldgs Corp over time	3.7%	1,116,370	$5.86M 3.7%	increased 0.3 percentadded

DLX Deluxe Corp Medium Term Nts Deluxe Corp Medium Term NtsDLX Minerva Advisors LLC's holding in Deluxe Corp Medium Term Nts over time	0.21%	13,900	$331.9K 0.21%	unchanged 0 percentunchanged

EBC Eastern Bankshares Inc Eastern Bankshares IncEBC Minerva Advisors LLC's holding in Eastern Bankshares Inc over time	0.88%	62,576	$1.39M 0.88%	unchanged 0 percentunchanged

EBMT Eagle Bancorp Mont Inc Eagle Bancorp Mont IncEBMT Minerva Advisors LLC's holding in Eagle Bancorp Mont Inc over time	0.32%	21,098	$504.9K 0.32%	unchanged 0 percentunchanged

ECBK Ecb Bancorp Inc Ecb Bancorp IncECBK Minerva Advisors LLC's holding in Ecb Bancorp Inc over time	0.63%	49,940	$1.00M 0.63%	unchanged 0 percentunchanged

EML Eastern Co Eastern CoEML Minerva Advisors LLC's holding in Eastern Co over time	9.61%	546,402	$15.22M 9.61%	unchanged 0 percentunchanged

ESCA Escalade Inc Escalade IncESCA Minerva Advisors LLC's holding in Escalade Inc over time	6.73%	567,222	$10.65M 6.73%	decreased 0.07 percentreduced

FCF First Comwlth Finl Corp Pa First Comwlth Finl Corp PaFCF Minerva Advisors LLC's holding in First Comwlth Finl Corp Pa over time	0.33%	25,560	$519.6K 0.33%	unchanged 0 percentunchanged

FMC Fmc Corp Fmc CorpFMC Minerva Advisors LLC's holding in Fmc Corp over time	0.57%	78,000	$897.0K 0.57%	increased 62.5 percentadded

FNB F N B Corp F N B CorpFNB Minerva Advisors LLC's holding in F N B Corp over time	0.77%	64,075	$1.22M 0.77%	unchanged 0 percentunchanged

FRME First Merchants Corp First Merchants CorpFRME Minerva Advisors LLC's holding in First Merchants Corp over time	0.65%	23,662	$1.03M 0.65%	unchanged 0 percentunchanged