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Minerva Advisors Portfolio holdings

AUM $155M
1-Year Est. Return 35.49%
This Fund
S&P 500
This Quarter Est. Return
-7.44%
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
$132M
AUM Growth
-$6.53M
Cap. Flow
+$4.54M
Cap. Flow %
3.44%
Top 10 Hldgs %
51.64%
Holding
66
New
1
Increased
16
Reduced
6
Closed
–

Top Buys

Rank Stock Value
1
TG icon
Tredegar Corp
TG
+$1.5M
2
EML icon
Eastern Company
EML
+$794K
3
ESCA icon
Escalade
ESCA
+$673K
4
ATRO icon
Astronics
ATRO
+$522K
5
CRD.B icon
Crawford & Co Class B
CRD.B
+$458K

Top Sells

Rank Stock Value
1
DALN
DallasNews
DALN
+$613K
2
CTGO icon
Contango Silver & Gold Inc
CTGO
+$268K
3
CAC icon
Camden National
CAC
+$154K
4
CIX icon
Comp X International
CIX
+$44.6K
5
NECB icon
Northeast Community Bancorp
NECB
+$18.7K

Sector Composition

Rank Sector Weight
1 Industrials 34.71%
2 Financials 18.99%
3 Consumer Discretionary 10.16%
4 Materials 9.99%
5 Communication Services 8.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CECO icon
26
Ceco Environmental
CECO
$3.85B
$1.31M 1%
148,829
– –
SIF icon
27
SIFCO Industries
SIF
$161M
$1.18M 0.9%
385,708
– –
THRY icon
28
Thryv Holdings
THRY
$180M
$1.13M 0.86%
49,703
– –
CZNC icon
29
Citizens & Northern Corp
CZNC
$456M
$1.04M 0.79%
42,900
– –
VBFC
30
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$866K 0.66%
19,745
– –
ACNT icon
31
Ascent Industries
ACNT
$140M
$812K 0.62%
60,369
-1,084
-2% -$16.1K
CFG icon
32
Citizens Financial Group
CFG
$30.3B
$811K 0.61%
23,585
– –
FNB icon
33
FNB Corp
FNB
$6.73B
$809K 0.61%
69,690
– –
MLVF
34
DELISTED
Malvern Bancorp, Inc.
MLVF
$765K 0.58%
53,206
– –
CLBK icon
35
Columbia Financial
CLBK
$1.12B
$714K 0.54%
33,794
– –
SCX
36
DELISTED
The L.S. Starrett Company
SCX
$647K 0.49%
73,237
+15,000
+26% +$118K
FSTR icon
37
Foster
FSTR
$430M
$631K 0.48%
64,854
+9,591
+17% +$126K
HBNC icon
38
Horizon Bancorp
HBNC
$1.04B
$630K 0.48%
35,052
– –
DGICA icon
39
Donegal Group Class A
DGICA
$731M
$628K 0.48%
46,490
– –
GVP
40
DELISTED
GSE Systems, Inc.
GVP
$540K 0.41%
60,009
+7,177
+14% +$80.2K
HVBC
41
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$538K 0.41%
25,890
– –
NWBI icon
42
Northwest Bancshares
NWBI
$2.3B
$513K 0.39%
38,000
– –
ICCH
43
DELISTED
ICC Holdings, Inc.
ICCH
$509K 0.39%
33,367
– –
CIX icon
44
Comp X International
CIX
$349M
$452K 0.34%
27,847
-2,000
-7% -$44.6K
SSB icon
45
SouthState Bank Corp
SSB
$10.2B
$448K 0.34%
5,661
– –
DALN
46
DELISTED
DallasNews
DALN
$438K 0.33%
94,877
-95,629
-50% -$613K
RMBI icon
47
Richmond Mutual Bancorp
RMBI
$251M
$403K 0.31%
30,000
– –
EBMT icon
48
Eagle Bancorp Montana
EBMT
$187M
$401K 0.3%
21,098
– –
CBU icon
49
Community Bank
CBU
$3.41B
$398K 0.3%
6,618
– –
FRME icon
50
First Merchants
FRME
$2.68B
$382K 0.29%
9,875
– –
1
2
3

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Minerva Advisors's Q3 2022 Portfolio in Review

As of Q3 2022, Minerva Advisors held 66 positions worth $132M, down 4.7% from $139M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Minerva Advisors deployed $4.54M of net new capital in Q3 2022, opening 1 new position and adding to 16 existing holdings. Its largest new stake was Crawford & Co Class B: 72,740 shares worth $380K.

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

On the sell side, the largest reduction was DallasNews, an estimated $613K trimmed.

  • Minerva Advisors's largest Q3 2022 buy was Crawford & Co Class B: 72,740 shares worth $380K.
  • Minerva Advisors added most to Tredegar Corp in Q3 2022, an estimated $1.5M increase.
  • Minerva Advisors's biggest Q3 2022 reduction was DallasNews, cutting an estimated $613K.
  • Minerva Advisors's ten largest holdings make up 52% of its $132M portfolio in Q3 2022.
  • Minerva Advisors opened 1 new position and closed 0 in Q3 2022.
  • Minerva Advisors's portfolio value fell 4.7% quarter-over-quarter to $132M.

Based on Minerva Advisors's 13F filing for Q3 2022, filed 10 Nov 2022.