Q3 2023 · 13F-HR/A
Minerva Advisors LLCholdings as filed
Filed 2024-01-31 · accession 0001462390-24-000011
$143.0M
Reported value
62
Positions
2023-09-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 205477102 | — | COMPUTER TASK GROUP INC | $13.0M | 9.06% | 1,254,558 | Common | SOLE |
| 390607109 | GLDD | GREAT LAKES DREDGE & DOCK CO | $9.6M | 6.73% | 1,208,298 | Common | SOLE |
| 913837100 | — | UNIVERSAL STAINLESS & ALLOY | $9.6M | 6.69% | 738,427 | Common | SOLE |
| 927651109 | VIRC | VIRCO MANUFACTURING CO | $8.5M | 5.97% | 1,079,874 | Common | SOLE |
| 296056104 | ESCA | ESCALADE INC | $8.5M | 5.93% | 553,521 | Common | SOLE |
| 45685K102 | INFU | INFUSYSTEM HLDGS INC | $8.2M | 5.71% | 846,851 | Common | SOLE |
| 276317104 | EML | EASTERN CO | $7.7M | 5.38% | 427,460 | Common | SOLE |
| 046433108 | ATRO | ASTRONICS CORP | $7.3M | 5.13% | 463,105 | Common | SOLE |
| 23335Q100 | DLHC | DLH HOLDINGS CORP | $5.7M | 4.00% | 505,581 | Common | SOLE |
| 894650100 | TG | TREDEGAR CORP | $5.4M | 3.75% | 990,549 | Common | SOLE |
| Y62132108 | NVGS | NAVIGATOR HOLDINGS LTD | $5.1M | 3.56% | 344,612 | Common | SOLE |
| 886029206 | THRY | THRYV HOLDINGS IINC | $4.5M | 3.14% | 239,551 | Common | SOLE |
| 786598300 | SGA | SAGA COMMUNICATIONS INC | $4.3M | 3.01% | 204,794 | Common | SOLE |
| 70319R109 | PBHC | PATHFINDER BANCORP INC | $3.4M | 2.37% | 256,599 | Common | SOLE |
| 811054402 | SSP | SCRIPPS E W CO OHIO | $3.3M | 2.31% | 604,733 | Common | SOLE |
| 16150R104 | CJCD | CHASE CORP | $3.0M | 2.13% | 23,951 | Common | SOLE |
| 492854104 | KEQU | KEWAUNEE SCIENTIFIC CP | $2.8M | 1.99% | 174,432 | Common | SOLE |
| 133034108 | CAC | CAMDEN NATIONAL CORP | $2.5M | 1.76% | 89,568 | Common | SOLE |
| 357023100 | RAIL | FREIGHTCAR AMERICA INC | $2.1M | 1.50% | 806,412 | Common | SOLE |
| 224633107 | CRD/B | CRAWFORD & CO CL B | $2.0M | 1.40% | 234,377 | Common | SOLE |
| 125141101 | CECO | CECO ENVIRONMENTAL CORP | $1.9M | 1.35% | 121,458 | Common | SOLE |
| 70338W105 | — | PATRIOT TRANSPORTATION HOLDING | $1.8M | 1.23% | 215,576 | Common | SOLE |
| 65342T106 | NODK | NI HOLDINGS INC | $1.7M | 1.17% | 129,900 | Common | SOLE |
| 350060109 | FSTR | FOSTER L B CO | $1.5M | 1.04% | 79,798 | Common | SOLE |
| 904677200 | UFI | UNIFI INC | $1.3M | 0.92% | 186,483 | Common | SOLE |
| 826546103 | SIF | SIFCO INDUSTRIES INC | $1.3M | 0.91% | 378,608 | Common | SOLE |
| 258278100 | DORM | DORMAN PRODUCTS INC | $1.3M | 0.91% | 17,090 | Common | SOLE |
| 21077F100 | CTGO | CONTANGO ORE INC | $1.3M | 0.89% | 70,147 | Common | SOLE |
| 59540G107 | MPB | MID PENN BANCORP | $1.0M | 0.73% | 51,732 | Common | SOLE |
| 911922102 | USLM | US LIME & MINERAL | $909,473 | 0.64% | 4,546 | Common | SOLE |
| 92705T200 | — | VILLAGE BANK & TRUST FIN CO | $881,812 | 0.62% | 19,745 | Common | SOLE |
| 855668109 | — | STARRETT LS | $787,298 | 0.55% | 73,237 | Common | SOLE |
| 172922106 | CZNC | CITIZENS & NORTHERN CORP | $752,895 | 0.53% | 42,900 | Common | SOLE |
| 302520101 | FNB | FNB CORP | $691,369 | 0.48% | 64,075 | Common | SOLE |
| 257701201 | DGICA | DONEGAL GROUP INC | $661,552 | 0.46% | 46,490 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINL GROUP INC | $632,313 | 0.44% | 23,585 | Common | SOLE |
| 197641103 | CLBK | COLUMBIA FINANCIAL | $530,904 | 0.37% | 33,794 | Common | SOLE |
| 44931Q104 | — | ICC HOLDINGS INC | $526,865 | 0.37% | 33,367 | Common | SOLE |
| 20563P101 | CIX | COMPX INTERNATIONAL | $517,676 | 0.36% | 27,847 | Common | SOLE |
| 871565107 | ACNT | ASCENT INDUSTRIES | $504,081 | 0.35% | 60,369 | Common | SOLE |
| 31931U102 | FRBA | FIRST BANK WILLIAMSTOWN NJ | $443,522 | 0.31% | 41,143 | Common | SOLE |
| 667340103 | NWBI | NORTHWEST BANCSHARES INC | $388,740 | 0.27% | 38,000 | Common | SOLE |
| 840441109 | SSBUSD | SOUTH STATE CORP | $380,985 | 0.27% | 5,661 | Common | SHARED |
| 440407104 | HBNC | HORIZON BANCORP INDIANA | $372,953 | 0.26% | 35,052 | Common | SOLE |
| 174615104 | CZFS | CITIZENS FINL SVCS INC | $370,230 | 0.26% | 7,726 | Common | SOLE |
| 669549107 | NWFL | NORWOOD FINANCIAL CORP | $350,507 | 0.25% | 13,681 | Common | SOLE |
| 76525P100 | RMBI | RICHMOND MUTUAL | $334,500 | 0.23% | 30,000 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $325,550 | 0.23% | 17,234 | Common | SOLE |
| 319829107 | FCF | FIRST COMMONWEALTH FINANCIAL | $312,088 | 0.22% | 25,560 | Common | SOLE |
| 510700107 | — | LAKE SHORE BANCORP INC | $301,481 | 0.21% | 30,118 | Common | SOLE |
| 203607106 | CBU | COMMUNITY BANK SYS INC | $279,346 | 0.20% | 6,618 | Common | SHARED |
| 320817109 | FRME | FIRST MERCHANTS CORP | $274,229 | 0.19% | 9,875 | Common | SOLE |
| 248019101 | DLX | DELUXE CORP | $262,571 | 0.18% | 13,900 | Common | SHARED |
| 26942G100 | EBMT | EAGLE BANCORP MONT INC | $248,956 | 0.17% | 21,098 | Common | SOLE |
| 257701300 | DGICB | DONEGAL GROUP INC | $244,627 | 0.17% | 17,856 | Common | SOLE |
| 33621E109 | FSFG | FIRST SAVINGS FINANCIAL GP INC | $238,449 | 0.17% | 16,221 | Common | SOLE |
| 36227K106 | — | GSE SYSTEMS INC | $175,873 | 0.12% | 870,654 | Common | SOLE |
| 26828M107 | — | ECB BANCORP INC | $148,872 | 0.10% | 13,658 | Common | SOLE |
| 03074A102 | ASRV | AMERISERV FINANC INC | $148,410 | 0.10% | 58,200 | Common | SOLE |
| 69325Q105 | PEW | PC TEL INC | $129,034 | 0.09% | 31,243 | Common | SOLE |
| 247368103 | DLAPQ | DELTA APPAREL INC | $126,762 | 0.09% | 19,353 | Common | SOLE |
| 26828M106 | ECBK | ECB BANCORP INC | $74,959 | 0.05% | 6,877 | Common | SHARED |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.