Q4 2024 · 13F-HR
Minerva Advisors LLCholdings as filed
Filed 2025-02-04 · accession 0001462390-25-000003
$171.0M
Reported value
57
Positions
2024-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 913837100 | — | UNIVERSAL STAINLESS & ALLOY | $17.2M | 10.1% | 391,487 | Common | SOLE |
| 390607109 | GLDD | GREAT LAKES DREDGE & DOCK CO | $15.1M | 8.85% | 1,341,807 | Common | SOLE |
| 276317104 | EML | EASTERN CO | $13.3M | 7.78% | 500,978 | Common | SOLE |
| 894650100 | TG | TREDEGAR CORP | $12.7M | 7.44% | 1,657,107 | Common | SOLE |
| 927651109 | VIRC | VIRCO MANUFACTURING CO | $11.9M | 6.94% | 1,162,589 | Common | SOLE |
| 296056104 | ESCA | ESCALADE INC | $7.7M | 4.49% | 537,814 | Common | SOLE |
| 046433108 | ATRO | ASTRONICS CORP | $7.4M | 4.32% | 463,105 | Common | SOLE |
| 45685K102 | INFU | INFUSYSTEM HLDGS INC | $7.1M | 4.15% | 846,851 | Common | SOLE |
| 23335Q100 | DLHC | DLH HOLDINGS CORP | $6.8M | 3.98% | 847,592 | Common | SOLE |
| 492854104 | KEQU | KEWAUNEE SCIENTIFIC CP | $6.7M | 3.90% | 109,493 | Common | SOLE |
| 904677200 | UFI | UNIFI INC | $5.3M | 3.13% | 855,241 | Common | SOLE |
| 917488108 | UTMD | UTAL MED PRODS INC | $4.8M | 2.82% | 78,389 | Common | SOLE |
| Y62132108 | NVGS | NAVIGATOR HOLDINGS LTD | $4.7M | 2.75% | 306,212 | Common | SOLE |
| 70319R109 | PBHC | PATHFINDER BANCORP INC | $4.5M | 2.61% | 262,204 | Common | SOLE |
| 133034108 | CAC | CAMDEN NATIONAL CORP | $3.8M | 2.23% | 89,568 | Common | SOLE |
| 886029206 | THRY | THRYV HOLDINGS IINC | $3.3M | 1.94% | 223,829 | Common | SOLE |
| 224633107 | CRD/B | CRAWFORD & CO CL B | $3.1M | 1.82% | 276,688 | Common | SOLE |
| 811054402 | SSP | SCRIPPS E W CO OHIO | $2.6M | 1.52% | 1,167,842 | Common | SOLE |
| 786598300 | SGA | SAGA COMMUNICATIONS INC | $2.5M | 1.46% | 226,688 | Common | SOLE |
| 909214306 | UIS | UNISYS CORP | $2.2M | 1.28% | 345,347 | Common | SOLE |
| 350060109 | FSTR | FOSTER L B CO | $2.1M | 1.26% | 79,798 | Common | SOLE |
| 65342T106 | NODK | NI HOLDINGS INC | $2.0M | 1.19% | 129,900 | Common | SOLE |
| 357023100 | RAIL | FREIGHTCAR AMERICA INC | $2.0M | 1.14% | 219,005 | Common | SOLE |
| 826546103 | SIF | SIFCO INDUSTRIES INC | $1.8M | 1.03% | 466,751 | Common | SOLE |
| 92705T200 | — | VILLAGE BANK & TRUST FIN CO | $1.5M | 0.90% | 19,745 | Common | SOLE |
| 59540G107 | MPB | MID PENN BANCORP | $1.5M | 0.87% | 51,732 | Common | SOLE |
| 258278100 | DORM | DORMAN PRODUCTS INC | $1.1M | 0.65% | 8,590 | Common | SHARED |
| 41165Y100 | 1S4 | HARBOR ONE BANCORP INC NEW | $1.0M | 0.61% | 88,414 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINL GROUP INC | $1.0M | 0.60% | 23,585 | Common | SOLE |
| 302520101 | FNB | FNB CORP | $947,028 | 0.55% | 64,075 | Common | SOLE |
| 911922102 | USLM | US LIME & MINERAL | $829,625 | 0.49% | 6,250 | Common | SHARED |
| 172922106 | CZNC | CITIZENS & NORTHERN CORP | $794,937 | 0.46% | 42,900 | Common | SOLE |
| 44931Q104 | — | ICC HOLDINGS INC | $776,117 | 0.45% | 33,367 | Common | SOLE |
| 15486W100 | CPBI | CENTRAL PLAINS BANCSHARES INC | $730,370 | 0.43% | 49,117 | Common | SOLE |
| 257701201 | DGICA | DONEGAL GROUP INC | $717,806 | 0.42% | 46,490 | Common | SOLE |
| 21077F100 | CTGO | CONTANGO ORE INC | $702,873 | 0.41% | 70,147 | Common | SOLE |
| 31931U102 | FRBA | FIRST BANK WILLIAMSTOWN NJ | $578,882 | 0.34% | 41,143 | Common | SOLE |
| 440407104 | HBNC | HORIZON BANCORP INDIANA | $564,688 | 0.33% | 35,052 | Common | SOLE |
| 840441109 | SSBUSD | SOUTH STATE CORP | $563,383 | 0.33% | 5,661 | Common | SHARED |
| 26828M106 | ECBK | ECB BANCORP INC | $539,677 | 0.32% | 36,440 | Common | SOLE |
| 197641103 | CLBK | COLUMBIA FINANCIAL | $534,283 | 0.31% | 33,794 | Common | SOLE |
| 667340103 | NWBI | NORTHWEST BANCSHARES INC | $501,220 | 0.29% | 38,000 | Common | SOLE |
| 174615104 | CZFS | CITIZENS FINL SVCS INC | $494,008 | 0.29% | 7,803 | Common | SOLE |
| 319829107 | FCF | FIRST COMMONWEALTH FINANCIAL | $431,964 | 0.25% | 25,560 | Common | SOLE |
| 33621E109 | FSFG | FIRST SAVINGS FINANCIAL GP INC | $430,830 | 0.25% | 16,221 | Common | SOLE |
| 76525P100 | RMBI | RICHMOND MUTUAL | $424,500 | 0.25% | 30,000 | Common | SOLE |
| 510700107 | — | LAKE SHORE BANCORP INC | $412,617 | 0.24% | 30,118 | Common | SOLE |
| 203607106 | CBU | COMMUNITY BANK SYS INC | $408,132 | 0.24% | 6,618 | Common | SHARED |
| 320817109 | FRME | FIRST MERCHANTS CORP | $393,519 | 0.23% | 9,875 | Common | SOLE |
| 669549107 | NWFL | NORWOOD FINANCIAL CORP | $370,071 | 0.22% | 13,681 | Common | SOLE |
| 871565107 | ACNT | ASCENT INDUSTRIES | $340,040 | 0.20% | 30,415 | Common | SOLE |
| 26942G100 | EBMT | EAGLE BANCORP MONT INC | $322,799 | 0.19% | 21,098 | Common | SOLE |
| 248019101 | DLX | DELUXE CORP | $314,001 | 0.18% | 13,900 | Common | SHARED |
| 69318V103 | PBBK | PB BANCSHARES INC | $312,512 | 0.18% | 20,560 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $274,193 | 0.16% | 17,234 | Common | SOLE |
| 257701300 | DGICB | DONEGAL GROUP INC | $251,770 | 0.15% | 17,856 | Common | SOLE |
| 03074A102 | ASRV | AMERISERV FINANC INC | $151,902 | 0.09% | 58,200 | Common | SOLE |
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.