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MA

Minerva Advisors Portfolio holdings

AUM $155M
1-Year Est. Return 35.49%
This Fund
S&P 500
This Quarter Est. Return
+21.22%
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
$173M
AUM Growth
+$22.6M
Cap. Flow
-$497K
Cap. Flow %
-0.29%
Top 10 Hldgs %
62.73%
Holding
57
New
–
Increased
8
Reduced
9
Closed
–

Top Buys

Rank Stock Value
1
UTMD icon
Utah Medical Products
UTMD
+$2.36M
2
DLHC icon
DLH Holdings
DLHC
+$1.3M
3
SSP icon
E.W. Scripps
SSP
+$998K
4
UFI icon
UNIFI
UFI
+$514K
5
TG icon
Tredegar Corp
TG
+$324K

Top Sells

Rank Stock Value
1
USAP
Universal Stainless & Alloy
USAP
+$3.2M
2
RAIL icon
FreightCar America
RAIL
+$2.14M
3
DORM icon
Dorman Products
DORM
+$410K
4
VIRC icon
Virco
VIRC
+$264K
5
KEQU icon
Kewaunee Scientific
KEQU
+$133K

Sector Composition

Rank Sector Weight
1 Industrials 37.96%
2 Consumer Discretionary 19.2%
3 Financials 17.2%
4 Materials 11.04%
5 Healthcare 4.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VBFC
26
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$1.51M 0.87%
19,745
– –
CTGO icon
27
Contango Silver & Gold Inc
CTGO
$516M
$1.34M 0.78%
70,147
– –
HONE
28
DELISTED
HarborOne Bancorp
HONE
$1.15M 0.66%
88,414
– –
DORM icon
29
Dorman Products
DORM
$3.98B
$971K 0.56%
8,590
-3,900
-31% -$410K
CFG icon
30
Citizens Financial Group
CFG
$30.3B
$969K 0.56%
23,585
– –
FNB icon
31
FNB Corp
FNB
$6.73B
$904K 0.52%
64,075
– –
CZNC icon
32
Citizens & Northern Corp
CZNC
$456M
$842K 0.49%
42,900
– –
ICCH
33
DELISTED
ICC Holdings, Inc.
ICCH
$765K 0.44%
33,367
– –
DGICA icon
34
Donegal Group Class A
DGICA
$731M
$684K 0.4%
46,490
– –
FRBA icon
35
First Bank
FRBA
$464M
$625K 0.36%
41,143
– –
CPBI icon
36
Central Plains Bancshares
CPBI
$83.9M
$616K 0.36%
49,117
– –
USLM icon
37
United States Lime & Minerals
USLM
$3.16B
$608K 0.35%
6,250
– –
CLBK icon
38
Columbia Financial
CLBK
$1.12B
$577K 0.33%
33,794
– –
SSB icon
39
SouthState Bank Corp
SSB
$10.2B
$550K 0.32%
5,661
– –
HBNC icon
40
Horizon Bancorp
HBNC
$1.04B
$545K 0.32%
35,052
– –
ECBK icon
41
ECB Bancorp
ECBK
$180M
$520K 0.3%
36,440
– –
NWBI icon
42
Northwest Bancshares
NWBI
$2.3B
$508K 0.29%
38,000
– –
CZFS icon
43
Citizens Financial Services
CZFS
$372M
$458K 0.27%
7,881
– –
FCF icon
44
First Commonwealth Financial
FCF
$2.18B
$439K 0.25%
25,560
– –
LSBK icon
45
Lake Shore Bancorp
LSBK
$135M
$404K 0.23%
30,118
– –
RMBI icon
46
Richmond Mutual Bancorp
RMBI
$251M
$387K 0.22%
30,000
– –
FSFG
47
DELISTED
First Savings Financial Group
FSFG
$386K 0.22%
16,221
– –
CBU icon
48
Community Bank
CBU
$3.41B
$384K 0.22%
6,618
– –
NWFL icon
49
Norwood Financial Corp
NWFL
$370M
$376K 0.22%
13,681
– –
FRME icon
50
First Merchants
FRME
$2.68B
$367K 0.21%
9,875
– –
1
2
3

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Minerva Advisors's Q3 2024 Portfolio in Review

As of Q3 2024, Minerva Advisors held 57 positions worth $173M, up 15% from $150M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Trading was light in Q3 2024: portfolio turnover was 0%. Minerva Advisors opened no new positions and made no exits, leaving the 57-position portfolio largely intact.

By sector, the portfolio is most concentrated in Industrials at 38% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Minerva Advisors added most to Utah Medical Products in Q3 2024, an estimated $2.36M increase.
  • Minerva Advisors's biggest Q3 2024 reduction was Universal Stainless & Alloy, cutting an estimated $3.2M.
  • Minerva Advisors's ten largest holdings make up 63% of its $173M portfolio in Q3 2024.
  • Minerva Advisors opened 0 new positions and closed 0 in Q3 2024.
  • Minerva Advisors's portfolio value rose 15% quarter-over-quarter to $173M.

Based on Minerva Advisors's 13F filing for Q3 2024, filed 8 Nov 2024.