Minerva Advisors’s United States Lime & Minerals USLM Stock Holding History

Minerva Advisors’s Portfolio USLM Stock Details USLM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-6,250	Closed	-$748K	–	57
2025 Q4	$748K	Hold	6,250	–	–	0.5%	33
2025 Q3	$822K	Hold	6,250	–	–	0.52%	32
2025 Q2	$624K	Hold	6,250	–	–	0.41%	35
2025 Q1	$552K	Hold	6,250	–	–	0.39%	36
2024 Q4	$830K	Hold	6,250	–	–	0.49%	31
2024 Q3	$608K	Hold	6,250	–	–	0.35%	37
2024 Q2	$452K	Hold	6,250	–	–	0.3%	39
2024 Q1	$371K	Sell	6,250 -16,480	-73%	-$850K	0.23%	45
2023 Q4	$1.05M	Hold	22,730	–	–	0.65%	28
2023 Q3	$909K	Sell	22,730 -66,080	-74%	-$2.75M	0.64%	30
2023 Q2	$3.68M	Sell	88,810 -47,980	-35%	-$1.68M	2.55%	15
2023 Q1	$4.05M	Sell	136,790 -55,800	-29%	-$1.7M	2.92%	13
2022 Q4	$5.35M	Sell	192,590 -21,495	-10%	-$554K	3.98%	8
2022 Q3	$4.35M	Buy	214,085 +16,780	+9%	+$357K	3.3%	11
2022 Q2	$4.16M	Hold	197,305	–	–	3%	11
2022 Q1	$4.54M	Hold	197,305	–	–	2.94%	12
2021 Q4	$5.03M	Hold	197,305	–	–	3.02%	10
2021 Q3	$4.75M	Sell	197,305 -1,100	-0.6%	-$30.6K	2.76%	12
2021 Q2	$5.5M	Hold	198,405	–	–	2.9%	11
2021 Q1	$5.23M	Sell	198,405 -349,100	-64%	-$9.43M	2.86%	11
2020 Q4	$12.5M	Sell	547,505 -109,135	-17%	-$2.26M	6.87%	4
2020 Q3	$11.7M	Hold	656,640	–	–	7.89%	3
2020 Q2	$11M	Sell	656,640 -10,000	-2%	-$156K	7.42%	3
2020 Q1	$9.53M	Sell	666,640 -7,465	-1%	-$125K	7.5%	3
2019 Q4	$12.1M	Sell	674,105 -59,255	-8%	-$1.04M	6.42%	3
2019 Q3	$11.1M	Sell	733,360 -9,335	-1%	-$150K	6.17%	3
2019 Q2	$11.7M	Hold	742,695	–	–	6.36%	3
2019 Q1	$11.4M	Buy	742,695 +17,800	+2%	+$257K	6.43%	3
2018 Q4	$10.3M	Hold	724,895	–	–	6.58%	2
2018 Q3	$11.3M	Hold	724,895	–	–	5.78%	3
2018 Q2	$11.8M	Hold	724,895	–	–	6.01%	3
2018 Q1	$10.5M	Hold	724,895	–	–	5.53%	3
2017 Q4	$11.2M	Sell	724,895 -9,000	-1%	-$155K	6.03%	3
2017 Q3	$12.3M	Hold	733,895	–	–	6.51%	2
2017 Q2	$11.5M	Sell	733,895 -6,000	-0.8%	-$94.2K	6.36%	2
2017 Q1	$11.6M	Hold	739,895	–	–	6.16%	4
2016 Q4	$11.2M	Hold	739,895	–	–	6.35%	4
2016 Q3	$9.64M	Hold	739,895	–	–	6.03%	4
2016 Q2	$8.7M	Buy	739,895 +103,585	+16%	+$1.15M	5.9%	3
2016 Q1	$7.64M	Hold	636,310	–	–	5.18%	4
2015 Q4	$7M	Buy	636,310 +30,220	+5%	+$309K	4.63%	4
2015 Q3	$5.56M	Buy	606,090 +33,140	+6%	+$353K	3.95%	6
2015 Q2	$6.66M	Buy	572,950 +32,040	+6%	+$402K	4.07%	5
2015 Q1	$6.93M	Hold	540,910	–	–	4.03%	5
2014 Q4	$7.84M	Hold	540,910	–	–	4.43%	5
2014 Q3	$6.28M	Hold	540,910	–	–	3.88%	7
2014 Q2	$6.97M	Hold	540,910	–	–	3.96%	7
2014 Q1	$6.09M	Hold	540,910	–	–	3.61%	7
2013 Q4	$6.63M	Hold	540,910	–	–	3.84%	7
2013 Q3	$6.33M	Hold	540,910	–	–	3.93%	4
2013 Q2	$5.64M	Buy	+540,910	New	+$5.32M	3.76%	5

Other funds holding USLM

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return

Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Minerva Advisors's USLM Position: Q1 2026 in Review

Minerva Advisors sold out of United States Lime & Minerals (USLM) in Q1 2026, closing a stake of 6,250 shares — an estimated $748K sold.

Minerva Advisors first reported a position in USLM in Q2 2013 and held it in 51 quarters. The position peaked at $12.5M in Q4 2020. 237 funds tracked by Wall St. Rank hold USLM as of Q1 2026.

Minerva Advisors reported no remaining United States Lime & Minerals position as of Q1 2026 after selling out during the quarter.
Minerva Advisors sold 6,250 United States Lime & Minerals shares in Q1 2026, an estimated $748K.
Minerva Advisors first reported a position in United States Lime & Minerals in Q2 2013 and held it in 51 quarters.
Minerva Advisors's United States Lime & Minerals position peaked at $12.5M in Q4 2020.
237 funds tracked by Wall St. Rank held United States Lime & Minerals as of Q1 2026.

Based on Minerva Advisors's 13F filing for Q1 2026, filed 12 May 2026.