We are live on ! Find out more
MA

Minerva Advisors Portfolio holdings

AUM $155M
1-Year Est. Return 35.49%
This Fund
S&P 500
This Quarter Est. Return
+4.41%
1 Year Est. Return
+35.49%
3 Year Est. Return
+149.41%
5 Year Est. Return
+142.03%
10 Year Est. Return
+662.71%
AUM
$166M
AUM Growth
-$5.68M
Cap. Flow
-$7.1M
Cap. Flow %
-4.27%
Top 10 Hldgs %
56.57%
Holding
76
New
3
Increased
10
Reduced
9
Closed
5

Top Buys

Rank Stock Value
1
CTGO icon
Contango Silver & Gold Inc
CTGO
+$2.86M
2
TG icon
Tredegar Corp
TG
+$539K
3
MPB icon
Mid Penn Bancorp
MPB
+$379K
4
RAIL icon
FreightCar America
RAIL
+$239K
5
NXTC icon
NextCure
NXTC
+$221K

Top Sells

Rank Stock Value
1
GPX
GP Strategies Corp.
GPX
+$7.2M
2
CNBKA
Century Bancorp Inc/Mass
CNBKA
+$1.96M
3
STFC
State Auto Financial Corp
STFC
+$829K
4
PATI
Patriot Transportation Holding, Inc. Common Stock
PATI
+$517K
5
RIVE
Riverview Financial Corporation Common Stock
RIVE
+$411K

Sector Composition

Rank Sector Weight
1 Industrials 35.2%
2 Financials 17.18%
3 Materials 9.74%
4 Communication Services 9.64%
5 Healthcare 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STFC
26
DELISTED
State Auto Financial Corp
STFC
$1.82M 1.09%
35,223
-16,115
-31% -$829K
KEQU icon
27
Kewaunee Scientific
KEQU
$104M
$1.77M 1.06%
139,479
+1,087
+0.8% +$13.9K
MPB icon
28
Mid Penn Bancorp
MPB
$968M
$1.64M 0.99%
51,732
+12,781
+33% +$379K
ISBC
29
DELISTED
Investors Bancorp, Inc.
ISBC
$1.2M 0.72%
79,411
– –
DALN
30
DELISTED
DallasNews
DALN
$1.18M 0.71%
163,732
+1,484
+0.9% +$10.1K
CZNC icon
31
Citizens & Northern Corp
CZNC
$455M
$1.12M 0.67%
42,900
– –
VBFC
32
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$1.11M 0.67%
19,745
– –
ACNT icon
33
Ascent Industries
ACNT
$140M
$995K 0.6%
61,453
+5,603
+10% +$72.7K
CECO icon
34
Ceco Environmental
CECO
$3.89B
$923K 0.56%
148,829
– –
GVP
35
DELISTED
GSE Systems, Inc.
GVP
$904K 0.54%
52,832
– –
FNB icon
36
FNB Corp
FNB
$6.74B
$846K 0.51%
69,690
– –
MLVF
37
DELISTED
Malvern Bancorp, Inc.
MLVF
$834K 0.5%
53,206
– –
FSTR icon
38
Foster
FSTR
$434M
$760K 0.46%
55,263
– –
DWSN icon
39
Dawson Geophysical
DWSN
$147M
$733K 0.44%
317,194
-41,142
-11% -$94.5K
HBNC icon
40
Horizon Bancorp
HBNC
$1.05B
$730K 0.44%
35,052
– –
CIX icon
41
Comp X International
CIX
$350M
$671K 0.4%
29,847
– –
CLBK icon
42
Columbia Financial
CLBK
$1.12B
$625K 0.38%
33,794
– –
VOLT
43
DELISTED
Volt Information Sciences, Inc.
VOLT
$609K 0.37%
209,265
– –
HVBC
44
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$564K 0.34%
25,890
– –
ICCH
45
DELISTED
ICC Holdings, Inc.
ICCH
$559K 0.34%
33,367
– –
SCX
46
DELISTED
The L.S. Starrett Company
SCX
$545K 0.33%
58,237
– –
NWBI icon
47
Northwest Bancshares
NWBI
$2.3B
$538K 0.32%
38,000
– –
TG icon
48
Tredegar Corp
TG
$264M
$528K 0.32%
+44,709
New +$539K
CBU icon
49
Community Bank
CBU
$3.41B
$493K 0.3%
6,618
– –
RMBI icon
50
Richmond Mutual Bancorp
RMBI
$250M
$482K 0.29%
30,000
– –
1
2
3 4

Similar funds

OL
OneFund LLC Saint Petersburg, Florida $155M AUM 28.34% 1-Year Est. Return
TL
TowerView LLC New York $155M AUM 30.14% 1-Year Est. Return
AF
AtlasMark Financial Austin, Texas $155M AUM 17.25% 1-Year Est. Return
MLIM
Mountain Lake Investment Management Boca Raton, Florida $155M AUM 38.76% 1-Year Est. Return
ALAM
Asahi Life Asset Management Tokyo, Japan $155M AUM 28.74% 1-Year Est. Return
LWM
LeConte Wealth Management Maryville, Tennessee $155M AUM 18.37% 1-Year Est. Return
RPGNY
Retirement Planning Group (New York) Malta, New York $155M AUM 18.02% 1-Year Est. Return
ECA
Elevate Capital Advisors Eagle, Colorado $155M AUM 17.18% 1-Year Est. Return

Minerva Advisors's Q4 2021 Portfolio in Review

As of Q4 2021, Minerva Advisors held 76 positions worth $166M, down 3.3% from $172M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Minerva Advisors withdrew a net $7.1M in Q4 2021, closing 5 positions and reducing 9 holdings. Its most notable exit was GP Strategies Corp., an estimated $7.2M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 35% of assets, down from 37% a quarter earlier, followed by Financials and Materials.

Against the trend, Minerva Advisors opened a new position in Contango Silver & Gold Inc worth $2.78M.

  • Minerva Advisors's largest Q4 2021 buy was Contango Silver & Gold Inc: 108,518 shares worth $2.78M.
  • Minerva Advisors added most to Mid Penn Bancorp in Q4 2021, an estimated $379K increase.
  • Minerva Advisors's biggest Q4 2021 reduction was State Auto Financial Corp, cutting an estimated $829K.
  • Minerva Advisors fully exited GP Strategies Corp. in Q4 2021, selling an estimated $7.2M.
  • Minerva Advisors's ten largest holdings make up 57% of its $166M portfolio in Q4 2021.
  • Minerva Advisors opened 3 new positions and closed 5 in Q4 2021.
  • Minerva Advisors's portfolio value fell 3.3% quarter-over-quarter to $166M.

Based on Minerva Advisors's 13F filing for Q4 2021, filed 14 Feb 2022.