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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
+12.55%
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
$155M
AUM Growth
+$5.19M
(+3.5%)
Cap. Flow
-$7.33M
Cap. Flow
% of AUM
-4.73%
Top 10 Holdings %
Top 10 Hldgs %
62.2%
Holding
57
New
–
Increased
11
Reduced
7
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kelly Services Class A
KELYA
|
+$1.35M |
| 2 |
InfuSystem Holdings
INFU
|
+$1.09M |
| 3 |
FreightCar America
RAIL
|
+$838K |
| 4 |
Kewaunee Scientific
KEQU
|
+$574K |
| 5 |
First Merchants
FRME
|
+$538K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GLDD
Great Lakes Dredge & Dock
GLDD
|
+$5.74M |
| 2 |
Astronics
ATRO
|
+$2.31M |
| 3 |
Dorman Products
DORM
|
+$1.06M |
| 4 |
United States Lime & Minerals
USLM
|
+$748K |
| 5 |
SouthState Bank Corp
SSB
|
+$533K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 42.98% |
| 2 | Financials | 18.55% |
| 3 | Consumer Discretionary | 18.21% |
| 4 | Healthcare | 10.92% |
| 5 | Energy | 3.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Citizens Financial Services
CZFS
$352M
| – | – |
-7,881
| Closed | -$449K |
|
|
52
Dorman Products
DORM
$4.14B
| – | – |
-8,590
| Closed | -$1.06M |
|
|
FSFG
53
DELISTED
First Savings Financial Group
FSFG
| – | – |
-16,221
| Closed | -$517K |
|
|
PBBK
54
DELISTED
PB Bankshares
PBBK
| – | – |
-20,560
| Closed | -$435K |
|
55
Saga Communications
SGA
$56.3M
| – | – |
-31,831
| Closed | -$364K |
|
|
56
SouthState Bank Corp
SSB
$9.92B
| – | – |
-5,661
| Closed | -$533K |
|
|
57
United States Lime & Minerals
USLM
$3.08B
| – | – |
-6,250
| Closed | -$748K |
|
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Minerva Advisors's Q1 2026 Portfolio in Review
As of Q1 2026, Minerva Advisors held 57 positions worth $155M, up 3.5% from $150M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Minerva Advisors withdrew a net $7.33M in Q1 2026, closing 9 positions and reducing 7 holdings. Its most notable exit was Dorman Products, an estimated $1.06M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 43% of assets, up from 41% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Minerva Advisors added an estimated $1.35M to Kelly Services Class A.
- Minerva Advisors added most to Kelly Services Class A in Q1 2026, an estimated $1.35M increase.
- Minerva Advisors's biggest Q1 2026 reduction was Great Lakes Dredge & Dock, cutting an estimated $5.74M.
- Minerva Advisors fully exited Dorman Products in Q1 2026, selling an estimated $1.06M.
- Minerva Advisors's ten largest holdings make up 62% of its $155M portfolio in Q1 2026.
- Minerva Advisors opened 0 new positions and closed 9 in Q1 2026.
- Minerva Advisors's portfolio value rose 3.5% quarter-over-quarter to $155M.
Based on Minerva Advisors's 13F filing for Q1 2026, filed 12 May 2026.