Latest Minerva Advisors LLC Stock Portfolio
$154Million– No. of Holdings #48
Minerva Advisors LLC Performance:
2026 Q1: 7.95%YTD: 7.95%2025: 1.42%
Performance for 2026 Q1 is 7.95%, and YTD is 7.95%, and 2025 is 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 2026-05-12, the fund reported it's updated stock portfolio. In the 13F Holdings report, Minerva Advisors LLC reported an equity portfolio of $154.9 Millions as of 31 Mar, 2026.
The top stock holdings of Minerva Advisors LLC are GLDD, TG, INFU. The fund has invested 11.3% of it's portfolio in GREAT LAKES DREDGE & DOCK CO and 8.6% of portfolio in TREDEGAR CORP.
The fund managers got completely rid off DORMAN PRODS INC (DORM), UNITED STS LIME & MINERALS I (USLM) and SOUTHSTATE BK CORP stocks. They significantly reduced their stock positions in ASTRONICS CORP (ATRO), GREAT LAKES DREDGE & DOCK CO (GLDD) and CONTANGO ORE INC (CTGO). The fund showed a lot of confidence in some stocks as they added substantially to KELLY SERVICES INC (KELYA), FIRST MERCHANTS CORP (FRME) and NORWOOD FINANCIAL CORP (NWFL).
The top stock holdings of Minerva Advisors LLC are GLDD, TG, INFU. The fund has invested 11.3% of it's portfolio in GREAT LAKES DREDGE & DOCK CO and 8.6% of portfolio in TREDEGAR CORP.
The fund managers got completely rid off DORMAN PRODS INC (DORM), UNITED STS LIME & MINERALS I (USLM) and SOUTHSTATE BK CORP stocks. They significantly reduced their stock positions in ASTRONICS CORP (ATRO), GREAT LAKES DREDGE & DOCK CO (GLDD) and CONTANGO ORE INC (CTGO). The fund showed a lot of confidence in some stocks as they added substantially to KELLY SERVICES INC (KELYA), FIRST MERCHANTS CORP (FRME) and NORWOOD FINANCIAL CORP (NWFL).
Minerva Advisors LLC Equity Portfolio Value
Last Reported on: 12 May, 2026
Minerva Advisors LLC Annual Return Estimates Vs S&P 500
Our best estimate is that Minerva Advisors LLC made a return of 7.95% in the last quarter. In trailing 12 months, it's portfolio return was 20.11%.
- Performance
- S&P 500
New Buys
Additions
| Ticker | % Inc. |
|---|---|
| kelly services inc | 242 |
| first merchants corp | 139 |
| norwood financial corp | 108 |
| freightcar america inc | 27.7 |
| kewaunee scientific cp | 12.18 |
| infusystem hldgs inc | 11.62 |
| scripps e w co ohio | 10.14 |
| virco manufacturing co | 4.78 |
Additions to existing portfolio by Minerva Advisors LLC
Reductions
| Ticker | % Reduced |
|---|---|
| astronics corp | -31.2 |
| great lakes dredge & dock co | -25.91 |
| contango ore inc | -21.67 |
| thryv holdings iinc | -2.7 |
| sifco industries inc | -1.7 |
| navigator holdings ltd | -1.66 |
| dlh holdings corp | 0.00 |
Minerva Advisors LLC reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| saga communications inc | -364,465 |
| ascent industries co | -492,419 |
| pb bankshares inc | -434,844 |
| first svgs finl group inc | -516,801 |
| dorman prods inc | -1,058,200 |
| citizens finl svcs inc | -449,375 |
| community financial system i | -380,138 |
| united sts lime & minerals i | -748,375 |
Minerva Advisors LLC got rid off the above stocks
Sector Distribution
Minerva Advisors LLC has about 41.6% of it's holdings in Industrials sector.
- Industrials
- Consumer Cyclical
- Financial Services
- Healthcare
- Others
- Communication Services
- Basic Materials
| Sector | % |
|---|---|
| Industrials | 41.6 |
| Consumer Cyclical | 18.2 |
| Financial Services | 14 |
| Healthcare | 10.9 |
| Others | 9.4 |
| Communication Services | 4.2 |
| Basic Materials | 1.3 |
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 | 52.1 |
| SMALL-CAP | 32.6 |
| UNALLOCATED | 9.4 |
| MID-CAP | 5.1 |
Stocks belong to which Index?
About 57.8% of the stocks held by Minerva Advisors LLC either belong to S&P 500 or RUSSELL 2000 index.
- RUSSELL 2000
- Others
- S&P 500
| Index | % |
|---|---|
| RUSSELL 2000 | 56.4 |
| Others | 42.2 |
| S&P 500 | 1.4 |
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 48 stocks in it's portfolio. About 62.2% of the portfolio is in top 10 stocks. RAIL proved to be the most loss making stock for the portfolio. GLDD was the most profitable stock for Minerva Advisors LLC last quarter.
Last Reported on: 12 May, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ACNT | ascent industries co | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ASRV | ameriserv financ inc | 0.14 | 58,200 | 210,684 | unchanged | 0.00 | ||
| ATRO | astronics corp | 3.03 | 70,340 | 4,693,790 | reduced | -31.2 | ||
| CAC | camden national corp | 2.74 | 89,568 | 4,250,000 | unchanged | 0.00 | ||
| CBU | community financial system i | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CFG | citizens finl group inc | 0.83 | 21,485 | 1,288,460 | unchanged | 0.00 | ||
| CLBK | columbia financial | 0.38 | 33,794 | 591,733 | unchanged | 0.00 | ||
| CTGO | contango ore inc | 0.72 | 59,647 | 1,118,380 | reduced | -21.67 | ||
| CZFS | citizens finl svcs inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CZNC | citizens & northern corp | 0.62 | 42,900 | 958,386 | unchanged | 0.00 | ||
| DGICA | donegal group inc | 0.52 | 46,490 | 798,699 | unchanged | 0.00 | ||
| DGICA | donegal group inc | 0.20 | 17,856 | 315,873 | unchanged | 0.00 | ||
| DLHC | dlh holdings corp | 4.18 | 1,113,040 | 6,477,880 | reduced | 0.00 | ||
| DLX | deluxe corp | 0.25 | 13,900 | 382,806 | unchanged | 0.00 | ||
| DORM | dorman prods inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| EBC | eastern bankshares inc | 0.79 | 62,576 | 1,223,990 | unchanged | 0.00 | ||
| EBMT | eagle bancorp mont inc | 0.28 | 21,098 | 434,197 | unchanged | 0.00 | ||
| ECBK | ecb bancorp inc | 0.54 | 49,940 | 835,496 | unchanged | 0.00 | ||
| EML | eastern co | 7.14 | 546,402 | 11,059,200 | added | 3.27 | ||
| ESCA | escalade inc | 6.29 | 567,621 | 9,746,050 | unchanged | 0.00 | ||