We are live on ! Find out more
MA

Minerva Advisors Portfolio holdings

AUM $155M
1-Year Est. Return 35.49%
This Fund
S&P 500
This Quarter Est. Return
+14.47%
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
$188M
AUM Growth
+$7.8M
Cap. Flow
-$12.4M
Cap. Flow %
-6.63%
Top 10 Hldgs %
58.54%
Holding
88
New
2
Increased
6
Reduced
54
Closed
2

Top Buys

Rank Stock Value
1
GPX
GP Strategies Corp.
GPX
+$481K
2
GVP
GSE Systems, Inc.
GVP
+$358K
3
KEQU icon
Kewaunee Scientific
KEQU
+$297K
4
RAIL icon
FreightCar America
RAIL
+$283K
5
SCX
The L.S. Starrett Company
SCX
+$91.1K

Top Sells

Rank Stock Value
1
EEI
Ecology and Environment
EEI
+$2.94M
2
TRNS icon
Transcat
TRNS
+$1.59M
3
USLM icon
United States Lime & Minerals
USLM
+$1.04M
4
CCF
Chase Corporation
CCF
+$836K
5
CSFL
CenterState Bank Corporation Common Stock
CSFL
+$806K

Sector Composition

Rank Sector Weight
1 Industrials 33.94%
2 Financials 19.41%
3 Materials 11.3%
4 Healthcare 10.37%
5 Communication Services 9.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EBMT icon
51
Eagle Bancorp Montana
EBMT
$187M
$517K 0.28%
24,383
-960
-4% -$18.9K
OFED
52
DELISTED
Oconee Federal Financial Corp.
OFED
$515K 0.27%
19,813
-2,443
-11% -$57.4K
MFNC
53
DELISTED
Mackinac Financial Corporation
MFNC
$502K 0.27%
28,932
-1,156
-4% -$18.4K
FRME icon
54
First Merchants
FRME
$2.68B
$497K 0.26%
11,960
– –
ASRV icon
55
AmeriServ Financial
ASRV
$77.5M
$484K 0.26%
115,053
-10,830
-9% -$45.2K
RMBI icon
56
Richmond Mutual Bancorp
RMBI
$251M
$479K 0.26%
30,000
– –
TFC icon
57
Truist Financial
TFC
$63.3B
$478K 0.25%
8,488
– –
TCF
58
DELISTED
TCF Financial Corporation Common Stock
TCF
$472K 0.25%
10,079
-346
-3% -$14.4K
LGL icon
59
LGL Group
LGL
$45.2M
$464K 0.25%
82,140
-99,718
-55% -$471K
CIX icon
60
Comp X International
CIX
$349M
$451K 0.24%
30,951
+5,335
+21% +$77.9K
PBBI
61
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$449K 0.24%
29,612
-966
-3% -$13.8K
HVBC
62
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$440K 0.23%
25,890
– –
LSBK icon
63
Lake Shore Bancorp
LSBK
$135M
$439K 0.23%
28,674
-787
-3% -$11.9K
KEQU icon
64
Kewaunee Scientific
KEQU
$102M
$434K 0.23%
32,251
+18,951
+142% +$297K
GVP
65
DELISTED
GSE Systems, Inc.
GVP
$431K 0.23%
+26,094
New +$358K
EMCF
66
DELISTED
Emclaire Financial Corp
EMCF
$430K 0.23%
13,250
-1,668
-11% -$53.1K
ICCH
67
DELISTED
ICC Holdings, Inc.
ICCH
$394K 0.21%
28,692
-1,035
-3% -$14.2K
WSFS icon
68
WSFS Financial
WSFS
$4.12B
$389K 0.21%
8,838
-171
-2% -$7.47K
DLHC icon
69
DLH Holdings
DLHC
$70.7M
$365K 0.19%
87,192
– –
DGICA icon
70
Donegal Group Class A
DGICA
$731M
$348K 0.19%
23,606
-3,603
-13% -$52.7K
FTK icon
71
Flotek Industries
FTK
$852M
$332K 0.18%
27,692
– –
KOSS icon
72
Koss Corp
KOSS
$34.8M
$316K 0.17%
208,730
-18,893
-8% -$32.2K
STFC
73
DELISTED
State Auto Financial Corp
STFC
$314K 0.17%
10,123
– –
MSVB
74
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$292K 0.16%
21,706
– –
DGICB
75
Donegal Group Class B
DGICB
$830M
$285K 0.15%
23,660
-1,697
-7% -$21.5K
1 2
3
4

Similar funds

OL
OneFund LLC Saint Petersburg, Florida $155M AUM 28.34% 1-Year Est. Return
TL
TowerView LLC New York $155M AUM 30.14% 1-Year Est. Return
AF
AtlasMark Financial Austin, Texas $155M AUM 17.25% 1-Year Est. Return
MLIM
Mountain Lake Investment Management Boca Raton, Florida $155M AUM 38.76% 1-Year Est. Return
ALAM
Asahi Life Asset Management Tokyo, Japan $155M AUM 28.74% 1-Year Est. Return
LWM
LeConte Wealth Management Maryville, Tennessee $155M AUM 18.37% 1-Year Est. Return
RPGNY
Retirement Planning Group (New York) Malta, New York $155M AUM 18.02% 1-Year Est. Return
DWM
DeLarme Wealth Management Palos Verdes Estates, California $155M AUM

Minerva Advisors's Q4 2019 Portfolio in Review

As of Q4 2019, Minerva Advisors held 88 positions worth $188M, up 4.3% from $180M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Minerva Advisors withdrew a net $12.4M in Q4 2019, closing 2 positions and reducing 54 holdings. Its most notable exit was Ecology and Environment, an estimated $2.94M position sold in full.

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

Against the trend, Minerva Advisors opened a new position in GSE Systems, Inc. worth $431K.

  • Minerva Advisors's largest Q4 2019 buy was GSE Systems, Inc.: 26,094 shares worth $431K.
  • Minerva Advisors added most to GP Strategies Corp. in Q4 2019, an estimated $481K increase.
  • Minerva Advisors's biggest Q4 2019 reduction was Transcat, cutting an estimated $1.59M.
  • Minerva Advisors fully exited Ecology and Environment in Q4 2019, selling an estimated $2.94M.
  • Minerva Advisors's ten largest holdings make up 59% of its $188M portfolio in Q4 2019.
  • Minerva Advisors opened 2 new positions and closed 2 in Q4 2019.
  • Minerva Advisors's portfolio value rose 4.3% quarter-over-quarter to $188M.

Based on Minerva Advisors's 13F filing for Q4 2019, filed 14 Feb 2020.