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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
+6.71%
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
$189M
AUM Growth
+$6.58M
Cap. Flow
-$1.27M
Cap. Flow %
-0.67%
Top 10 Hldgs %
57.04%
Holding
71
New
–
Increased
8
Reduced
17
Closed
1

Top Buys

Rank Stock Value
1
USAP
Universal Stainless & Alloy
USAP
+$2.09M
2
GPX
GP Strategies Corp.
GPX
+$536K
3
SGA icon
Saga Communications
SGA
+$426K
4
RAIL icon
FreightCar America
RAIL
+$338K
5
KEQU icon
Kewaunee Scientific
KEQU
+$180K

Top Sells

Rank Stock Value
1
TRNS icon
Transcat
TRNS
+$1.05M
2
WLMS
Williams Industrial Services Group Inc.
WLMS
+$955K
3
INFU icon
InfuSystem Holdings
INFU
+$917K
4
CCF
Chase Corporation
CCF
+$642K
5
THRY icon
Thryv Holdings
THRY
+$441K

Sector Composition

Rank Sector Weight
1 Industrials 37.87%
2 Financials 15.02%
3 Healthcare 9.36%
4 Communication Services 8.74%
5 Consumer Discretionary 7.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HVBC
51
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$503K 0.27%
25,890
– –
CBU icon
52
Community Bank
CBU
$3.41B
$501K 0.26%
6,618
– –
MFNC
53
DELISTED
Mackinac Financial Corporation
MFNC
$500K 0.26%
25,283
-7,049
-22% -$143K
EBMT icon
54
Eagle Bancorp Montana
EBMT
$187M
$486K 0.26%
21,098
– –
SSB icon
55
SouthState Bank Corp
SSB
$10.2B
$463K 0.24%
5,661
– –
RMBI icon
56
Richmond Mutual Bancorp
RMBI
$251M
$447K 0.24%
30,000
– –
FRME icon
57
First Merchants
FRME
$2.68B
$411K 0.22%
9,875
– –
PRA
58
DELISTED
ProAssurance
PRA
$392K 0.21%
17,234
– –
AE
59
DELISTED
Adams Resources & Energy Inc
AE
$388K 0.21%
14,006
-807
-5% -$22.2K
RIVE
60
DELISTED
Riverview Financial Corporation Common Stock
RIVE
$359K 0.19%
31,622
-4,147
-12% -$44.9K
NWFL icon
61
Norwood Financial Corp
NWFL
$370M
$356K 0.19%
13,681
– –
MSVB
62
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$345K 0.18%
21,706
– –
LSBK icon
63
Lake Shore Bancorp
LSBK
$135M
$294K 0.16%
19,700
– –
OFED
64
DELISTED
Oconee Federal Financial Corp.
OFED
$268K 0.14%
11,451
– –
ASRV icon
65
AmeriServ Financial
ASRV
$77.5M
$241K 0.13%
61,200
– –
DGICB
66
Donegal Group Class B
DGICB
$830M
$237K 0.13%
17,856
– –
EMCF
67
DELISTED
Emclaire Financial Corp
EMCF
$214K 0.11%
7,554
– –
DGICA icon
68
Donegal Group Class A
DGICA
$731M
$164K 0.09%
11,281
– –
LGL icon
69
LGL Group
LGL
$45.2M
$134K 0.07%
34,213
– –
ICCC icon
70
ImmuCell
ICCC
$101M
$113K 0.06%
11,958
– –
AT
71
DELISTED
Atlantic Power Corporation
AT
– –
-53,013
Closed -$153K
1 2
3

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Minerva Advisors's Q2 2021 Portfolio in Review

As of Q2 2021, Minerva Advisors held 71 positions worth $189M, up 3.6% from $183M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Trading was light in Q2 2021: portfolio turnover was 1.4%. Minerva Advisors opened no new positions and exited 1, leaving the 71-position portfolio largely intact.

By sector, the portfolio is most concentrated in Industrials at 38% of assets, down from 39% a quarter earlier, followed by Financials and Healthcare.

  • Minerva Advisors added most to Universal Stainless & Alloy in Q2 2021, an estimated $2.09M increase.
  • Minerva Advisors's biggest Q2 2021 reduction was Transcat, cutting an estimated $1.05M.
  • Minerva Advisors fully exited Atlantic Power Corporation in Q2 2021, selling an estimated $153K.
  • Minerva Advisors's ten largest holdings make up 57% of its $189M portfolio in Q2 2021.
  • Minerva Advisors opened 0 new positions and closed 1 in Q2 2021.
  • Minerva Advisors's portfolio value rose 3.6% quarter-over-quarter to $189M.

Based on Minerva Advisors's 13F filing for Q2 2021, filed 11 Aug 2021.