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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
+6.56%
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
$143M
AUM Growth
-$1.49M
Cap. Flow
-$4.04M
Cap. Flow %
-2.82%
Top 10 Hldgs %
58.35%
Holding
68
New
3
Increased
11
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
THRY icon
Thryv Holdings
THRY
+$4.21M
2
TG icon
Tredegar Corp
TG
+$2.28M
3
CRD.B icon
Crawford & Co Class B
CRD.B
+$899K
4
DLHC icon
DLH Holdings
DLHC
+$783K
5
UFI icon
UNIFI
UFI
+$743K

Top Sells

Rank Stock Value
1
CCF
Chase Corporation
CCF
+$10.2M
2
USLM icon
United States Lime & Minerals
USLM
+$2.75M
3
MLVF
Malvern Bancorp, Inc.
MLVF
+$823K
4
WLMS
Williams Industrial Services Group Inc.
WLMS
+$698K
5
MSVB
Mid-Southern Bancorp, Inc.
MSVB
+$282K

Sector Composition

Rank Sector Weight
1 Industrials 34.25%
2 Consumer Discretionary 15.8%
3 Financials 14.27%
4 Materials 8.57%
5 Healthcare 5.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SIF icon
26
SIFCO Industries
SIF
$161M
$1.31M 0.91%
378,608
-6,010
-2% -$16.4K
DORM icon
27
Dorman Products
DORM
$3.98B
$1.29M 0.91%
17,090
– –
CTGO icon
28
Contango Silver & Gold Inc
CTGO
$516M
$1.28M 0.89%
70,147
– –
MPB icon
29
Mid Penn Bancorp
MPB
$971M
$1.04M 0.73%
51,732
– –
USLM icon
30
United States Lime & Minerals
USLM
$3.16B
$909K 0.64%
22,730
-66,080
-74% -$2.75M
VBFC
31
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$882K 0.62%
19,745
– –
SCX
32
DELISTED
The L.S. Starrett Company
SCX
$787K 0.55%
73,237
– –
CZNC icon
33
Citizens & Northern Corp
CZNC
$456M
$753K 0.53%
42,900
– –
FNB icon
34
FNB Corp
FNB
$6.73B
$691K 0.48%
64,075
– –
DGICA icon
35
Donegal Group Class A
DGICA
$731M
$662K 0.46%
46,490
– –
CFG icon
36
Citizens Financial Group
CFG
$30.3B
$632K 0.44%
23,585
– –
CLBK icon
37
Columbia Financial
CLBK
$1.12B
$531K 0.37%
33,794
– –
ICCH
38
DELISTED
ICC Holdings, Inc.
ICCH
$527K 0.37%
33,367
– –
CIX icon
39
Comp X International
CIX
$349M
$518K 0.36%
27,847
– –
ACNT icon
40
Ascent Industries
ACNT
$140M
$504K 0.35%
60,369
– –
FRBA icon
41
First Bank
FRBA
$464M
$444K 0.31%
+41,143
New +$476K
NWBI icon
42
Northwest Bancshares
NWBI
$2.3B
$389K 0.27%
38,000
– –
SSB icon
43
SouthState Bank Corp
SSB
$10.2B
$381K 0.27%
5,661
– –
HBNC icon
44
Horizon Bancorp
HBNC
$1.04B
$373K 0.26%
35,052
– –
CZFS icon
45
Citizens Financial Services
CZFS
$372M
$370K 0.26%
7,881
– –
NWFL icon
46
Norwood Financial Corp
NWFL
$370M
$351K 0.25%
13,681
– –
RMBI icon
47
Richmond Mutual Bancorp
RMBI
$251M
$335K 0.23%
30,000
– –
PRA
48
DELISTED
ProAssurance
PRA
$326K 0.23%
17,234
– –
FCF icon
49
First Commonwealth Financial
FCF
$2.18B
$312K 0.22%
25,560
-2,800
-10% -$36.9K
LSBK icon
50
Lake Shore Bancorp
LSBK
$135M
$301K 0.21%
30,118
+774
+3% +$8.15K
1
2
3

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Minerva Advisors's Q3 2023 Portfolio in Review

As of Q3 2023, Minerva Advisors held 68 positions worth $143M, down 1% from $145M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Minerva Advisors's Q3 2023 filing shows 3 new, 11 increased, 7 reduced and 6 closed positions. Its largest new stake was First Bank: 41,143 shares worth $444K. The largest sale was Chase Corporation, an estimated $10.2M.

By sector, the portfolio is most concentrated in Industrials at 34% of assets, down from 40% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Minerva Advisors's largest Q3 2023 buy was First Bank: 41,143 shares worth $444K.
  • Minerva Advisors added most to Thryv Holdings in Q3 2023, an estimated $4.21M increase.
  • Minerva Advisors's biggest Q3 2023 reduction was Chase Corporation, cutting an estimated $10.2M.
  • Minerva Advisors fully exited Malvern Bancorp, Inc. in Q3 2023, selling an estimated $823K.
  • Minerva Advisors's ten largest holdings make up 58% of its $143M portfolio in Q3 2023.
  • Minerva Advisors opened 3 new positions and closed 6 in Q3 2023.
  • Minerva Advisors's portfolio value fell 1% quarter-over-quarter to $143M.

Based on Minerva Advisors's 13F filing for Q3 2023, filed 13 Nov 2023.