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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
+1.8%
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
$171M
AUM Growth
-$1.6M
Cap. Flow
+$1.38M
Cap. Flow %
0.81%
Top 10 Hldgs %
61.95%
Holding
57
New
–
Increased
7
Reduced
6
Closed
–

Top Buys

Rank Stock Value
1
UTMD icon
Utah Medical Products
UTMD
+$2.33M
2
DLHC icon
DLH Holdings
DLHC
+$1.77M
3
VIRC icon
Virco
VIRC
+$853K
4
UFI icon
UNIFI
UFI
+$276K
5
KEQU icon
Kewaunee Scientific
KEQU
+$175K

Top Sells

Rank Stock Value
1
RAIL icon
FreightCar America
RAIL
+$2.25M
2
USAP
Universal Stainless & Alloy
USAP
+$1.89M
3
SSP icon
E.W. Scripps
SSP
+$56.8K
4
SGA icon
Saga Communications
SGA
+$49.5K
5
TG icon
Tredegar Corp
TG
+$45.6K

Sector Composition

Rank Sector Weight
1 Industrials 35.98%
2 Consumer Discretionary 19.11%
3 Financials 17.81%
4 Materials 11.18%
5 Healthcare 6.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MPB icon
26
Mid Penn Bancorp
MPB
$968M
$1.49M 0.87%
51,732
– –
DORM icon
27
Dorman Products
DORM
$3.99B
$1.11M 0.65%
8,590
– –
HONE
28
DELISTED
HarborOne Bancorp
HONE
$1.04M 0.61%
88,414
– –
CFG icon
29
Citizens Financial Group
CFG
$30.3B
$1.03M 0.6%
23,585
– –
FNB icon
30
FNB Corp
FNB
$6.74B
$947K 0.55%
64,075
– –
USLM icon
31
United States Lime & Minerals
USLM
$3.14B
$830K 0.49%
6,250
– –
CZNC icon
32
Citizens & Northern Corp
CZNC
$455M
$795K 0.47%
42,900
– –
ICCH
33
DELISTED
ICC Holdings, Inc.
ICCH
$776K 0.45%
33,367
– –
CPBI icon
34
Central Plains Bancshares
CPBI
$83.3M
$730K 0.43%
49,117
– –
DGICA icon
35
Donegal Group Class A
DGICA
$719M
$718K 0.42%
46,490
– –
CTGO icon
36
Contango Silver & Gold Inc
CTGO
$524M
$703K 0.41%
70,147
– –
FRBA icon
37
First Bank
FRBA
$463M
$579K 0.34%
41,143
– –
HBNC icon
38
Horizon Bancorp
HBNC
$1.05B
$565K 0.33%
35,052
– –
SSB icon
39
SouthState Bank Corp
SSB
$10.2B
$563K 0.33%
5,661
– –
ECBK icon
40
ECB Bancorp
ECBK
$177M
$540K 0.32%
36,440
– –
CLBK icon
41
Columbia Financial
CLBK
$1.12B
$534K 0.31%
33,794
– –
NWBI icon
42
Northwest Bancshares
NWBI
$2.3B
$501K 0.29%
38,000
– –
CZFS icon
43
Citizens Financial Services
CZFS
$361M
$494K 0.29%
7,881
– –
FCF icon
44
First Commonwealth Financial
FCF
$2.17B
$432K 0.25%
25,560
– –
FSFG
45
DELISTED
First Savings Financial Group
FSFG
$431K 0.25%
16,221
– –
RMBI icon
46
Richmond Mutual Bancorp
RMBI
$250M
$425K 0.25%
30,000
– –
LSBK icon
47
Lake Shore Bancorp
LSBK
$135M
$413K 0.24%
30,118
– –
CBU icon
48
Community Bank
CBU
$3.41B
$408K 0.24%
6,618
– –
FRME icon
49
First Merchants
FRME
$2.69B
$394K 0.23%
9,875
– –
NWFL icon
50
Norwood Financial Corp
NWFL
$367M
$370K 0.22%
13,681
– –
1
2
3

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Minerva Advisors's Q4 2024 Portfolio in Review

As of Q4 2024, Minerva Advisors held 57 positions worth $171M, down 0.93% from $173M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Trading was light in Q4 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 36% of assets, down from 38% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Minerva Advisors added most to Utah Medical Products in Q4 2024, an estimated $2.33M increase.
  • Minerva Advisors's biggest Q4 2024 reduction was FreightCar America, cutting an estimated $2.25M.
  • Minerva Advisors's ten largest holdings make up 62% of its $171M portfolio in Q4 2024.
  • Minerva Advisors opened 0 new positions and closed 0 in Q4 2024.
  • Minerva Advisors's portfolio value fell 0.93% quarter-over-quarter to $171M.

Based on Minerva Advisors's 13F filing for Q4 2024, filed 4 Feb 2025.