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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
+10.47%
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
$145M
AUM Growth
+$5.87M
Cap. Flow
-$1.65M
Cap. Flow %
-1.14%
Top 10 Hldgs %
57.89%
Holding
68
New
1
Increased
9
Reduced
8
Closed
3

Top Buys

Rank Stock Value
1
TG icon
Tredegar Corp
TG
+$1.34M
2
DLHC icon
DLH Holdings
DLHC
+$929K
3
CZFS icon
Citizens Financial Services
CZFS
+$641K
4
UFI icon
UNIFI
UFI
+$471K
5
VIRC icon
Virco
VIRC
+$132K

Top Sells

Rank Stock Value
1
CCF
Chase Corporation
CCF
+$1.75M
2
USLM icon
United States Lime & Minerals
USLM
+$1.68M
3
CTGO icon
Contango Silver & Gold Inc
CTGO
+$785K
4
HVBC
HV Bancorp, Inc. Common Stock
HVBC
+$777K
5
PATI
Patriot Transportation Holding, Inc. Common Stock
PATI
+$281K

Sector Composition

Rank Sector Weight
1 Industrials 39.84%
2 Financials 14.88%
3 Materials 11.26%
4 Consumer Discretionary 11.13%
5 Communication Services 6.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRD.B icon
26
Crawford & Co Class B
CRD.B
$497M
$1.22M 0.84%
132,341
– –
MPB icon
27
Mid Penn Bancorp
MPB
$968M
$1.14M 0.79%
51,732
– –
FSTR icon
28
Foster
FSTR
$434M
$1.13M 0.78%
79,798
– –
SIF icon
29
SIFCO Industries
SIF
$165M
$938K 0.65%
384,618
-1,090
-0.3% -$2.94K
CZNC icon
30
Citizens & Northern Corp
CZNC
$455M
$825K 0.57%
42,900
– –
MLVF
31
DELISTED
Malvern Bancorp, Inc.
MLVF
$823K 0.57%
53,206
– –
VBFC
32
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$822K 0.57%
19,745
– –
SCX
33
DELISTED
The L.S. Starrett Company
SCX
$762K 0.53%
73,237
– –
FNB icon
34
FNB Corp
FNB
$6.74B
$733K 0.51%
64,075
-5,615
-8% -$63.5K
UFI icon
35
UNIFI
UFI
$118M
$698K 0.48%
86,429
+60,093
+228% +$471K
WLMS
36
DELISTED
Williams Industrial Services Group Inc.
WLMS
$698K 0.48%
1,885,277
– –
DGICA icon
37
Donegal Group Class A
DGICA
$719M
$669K 0.46%
46,490
– –
CFG icon
38
Citizens Financial Group
CFG
$30.3B
$615K 0.43%
23,585
– –
CIX icon
39
Comp X International
CIX
$350M
$607K 0.42%
27,847
– –
CLBK icon
40
Columbia Financial
CLBK
$1.12B
$584K 0.4%
33,794
– –
CZFS icon
41
Citizens Financial Services
CZFS
$361M
$575K 0.4%
+7,881
New +$641K
ACNT icon
42
Ascent Industries
ACNT
$140M
$543K 0.38%
60,369
– –
ICCH
43
DELISTED
ICC Holdings, Inc.
ICCH
$528K 0.37%
33,367
– –
NWFL icon
44
Norwood Financial Corp
NWFL
$367M
$403K 0.28%
13,681
– –
NWBI icon
45
Northwest Bancshares
NWBI
$2.3B
$403K 0.28%
38,000
– –
SSB icon
46
SouthState Bank Corp
SSB
$10.2B
$372K 0.26%
5,661
– –
HBNC icon
47
Horizon Bancorp
HBNC
$1.05B
$365K 0.25%
35,052
– –
FCF icon
48
First Commonwealth Financial
FCF
$2.17B
$358K 0.25%
28,360
– –
GVP
49
DELISTED
GSE Systems, Inc.
GVP
$331K 0.23%
92,065
+14,109
+18% +$76.1K
RMBI icon
50
Richmond Mutual Bancorp
RMBI
$250M
$331K 0.23%
30,000
– –
1
2
3

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Minerva Advisors's Q2 2023 Portfolio in Review

As of Q2 2023, Minerva Advisors held 68 positions worth $145M, up 4.2% from $139M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Minerva Advisors's Q2 2023 filing shows 1 new, 9 increased, 8 reduced and 3 closed positions. Its largest new stake was Citizens Financial Services: 7,881 shares worth $575K. The largest sale was Chase Corporation, an estimated $1.75M.

By sector, the portfolio is most concentrated in Industrials at 40% of assets, up from 38% a quarter earlier, followed by Financials and Materials.

  • Minerva Advisors's largest Q2 2023 buy was Citizens Financial Services: 7,881 shares worth $575K.
  • Minerva Advisors added most to Tredegar Corp in Q2 2023, an estimated $1.34M increase.
  • Minerva Advisors's biggest Q2 2023 reduction was Chase Corporation, cutting an estimated $1.75M.
  • Minerva Advisors fully exited HV Bancorp, Inc. Common Stock in Q2 2023, selling an estimated $777K.
  • Minerva Advisors's ten largest holdings make up 58% of its $145M portfolio in Q2 2023.
  • Minerva Advisors opened 1 new position and closed 3 in Q2 2023.
  • Minerva Advisors's portfolio value rose 4.2% quarter-over-quarter to $145M.

Based on Minerva Advisors's 13F filing for Q2 2023, filed 10 Aug 2023.