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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
+29.33%
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
$182M
AUM Growth
+$33.3M
Cap. Flow
-$5.34M
Cap. Flow %
-2.94%
Top 10 Hldgs %
61.56%
Holding
79
New
3
Increased
13
Reduced
19
Closed
4

Top Buys

Rank Stock Value
1
ATRO icon
Astronics
ATRO
+$2.3M
2
TLS icon
Telos
TLS
+$995K
3
THRY icon
Thryv Holdings
THRY
+$846K
4
STFC
State Auto Financial Corp
STFC
+$481K
5
RAIL icon
FreightCar America
RAIL
+$309K

Top Sells

Rank Stock Value
1
INFU icon
InfuSystem Holdings
INFU
+$4.49M
2
USLM icon
United States Lime & Minerals
USLM
+$2.26M
3
TRNS icon
Transcat
TRNS
+$1.97M
4
CCF
Chase Corporation
CCF
+$1.37M
5
ESCA icon
Escalade
ESCA
+$376K

Sector Composition

Rank Sector Weight
1 Industrials 33.85%
2 Financials 15.47%
3 Healthcare 13.67%
4 Materials 9.47%
5 Communication Services 8.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ICCH
51
DELISTED
ICC Holdings, Inc.
ICCH
$476K 0.26%
33,798
– –
EBMT icon
52
Eagle Bancorp Montana
EBMT
$186M
$465K 0.26%
21,740
– –
SSB icon
53
SouthState Bank Corp
SSB
$10.2B
$463K 0.25%
6,399
– –
HVBC
54
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$445K 0.24%
25,890
– –
ACNT icon
55
Ascent Industries
ACNT
$140M
$443K 0.24%
56,841
– –
MFNC
56
DELISTED
Mackinac Financial Corporation
MFNC
$418K 0.23%
32,812
-150
-0.5% -$1.76K
RMBI icon
57
Richmond Mutual Bancorp
RMBI
$250M
$410K 0.23%
30,000
– –
PRA
58
DELISTED
ProAssurance
PRA
$393K 0.22%
22,065
– –
VOLT
59
DELISTED
Volt Information Sciences, Inc.
VOLT
$390K 0.21%
220,682
– –
FRME icon
60
First Merchants
FRME
$2.69B
$369K 0.2%
9,875
-2,085
-17% -$64.7K
NWFL icon
61
Norwood Financial Corp
NWFL
$367M
$366K 0.2%
13,985
– –
OFED
62
DELISTED
Oconee Federal Financial Corp.
OFED
$360K 0.2%
14,994
– –
RIVE
63
DELISTED
Riverview Financial Corporation Common Stock
RIVE
$355K 0.2%
38,822
-16,253
-30% -$125K
MSVB
64
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$312K 0.17%
21,706
– –
ASRV icon
65
AmeriServ Financial
ASRV
$76.8M
$297K 0.16%
94,727
– –
LSBK icon
66
Lake Shore Bancorp
LSBK
$135M
$277K 0.15%
21,306
-4,991
-19% -$65.4K
SCX
67
DELISTED
The L.S. Starrett Company
SCX
$271K 0.15%
64,024
– –
EMCF
68
DELISTED
Emclaire Financial Corp
EMCF
$260K 0.14%
8,666
– –
DGICB
69
Donegal Group Class B
DGICB
$760M
$228K 0.13%
18,989
– –
DGICA icon
70
Donegal Group Class A
DGICA
$719M
$221K 0.12%
15,718
– –
AT
71
DELISTED
Atlantic Power Corporation
AT
$181K 0.1%
+86,251
New +$175K
LGL icon
72
LGL Group
LGL
$45.1M
$171K 0.09%
36,261
– –
SPRT
73
DELISTED
support.com, Inc.
SPRT
$133K 0.07%
61,226
– –
ICCC icon
74
ImmuCell
ICCC
$101M
$87K 0.05%
14,559
– –
III icon
75
Information Services Group
III
$198M
$43K 0.02%
12,955
– –
1 2
3
4

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Minerva Advisors's Q4 2020 Portfolio in Review

As of Q4 2020, Minerva Advisors held 79 positions worth $182M, up 22% from $148M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Minerva Advisors's Q4 2020 filing shows 3 new, 13 increased, 19 reduced and 4 closed positions. Its largest new stake was Telos: 41,725 shares worth $1.37M. The largest sale was InfuSystem Holdings, an estimated $4.49M.

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

  • Minerva Advisors's largest Q4 2020 buy was Telos: 41,725 shares worth $1.37M.
  • Minerva Advisors added most to Astronics in Q4 2020, an estimated $2.3M increase.
  • Minerva Advisors's biggest Q4 2020 reduction was InfuSystem Holdings, cutting an estimated $4.49M.
  • Minerva Advisors fully exited Flotek Industries in Q4 2020, selling an estimated $114K.
  • Minerva Advisors's ten largest holdings make up 62% of its $182M portfolio in Q4 2020.
  • Minerva Advisors opened 3 new positions and closed 4 in Q4 2020.
  • Minerva Advisors's portfolio value rose 22% quarter-over-quarter to $182M.

Based on Minerva Advisors's 13F filing for Q4 2020, filed 16 Feb 2021.