MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+4.33%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$166M
AUM Growth
+$166M
Cap. Flow
-$7.11M
Cap. Flow %
-4.28%
Top 10 Hldgs %
56.57%
Holding
76
New
3
Increased
10
Reduced
9
Closed
5

Top Buys

1
CTGO icon
Contango ORE
CTGO
$2.78M
2
TG icon
Tredegar Corp
TG
$528K
3
MPB icon
Mid Penn Bancorp
MPB
$405K
4
RAIL icon
FreightCar America
RAIL
$210K
5
NXTC icon
NextCure
NXTC
$190K

Top Sells

1
GPX
GP Strategies Corp.
GPX
$7.2M
2
CNBKA
Century Bancorp Inc/Mass
CNBKA
$1.96M
3
STFC
State Auto Financial Corp
STFC
$832K
4
THRY icon
Thryv Holdings
THRY
$411K
5
RIVE
Riverview Financial Corporation Common Stock
RIVE
$411K

Sector Composition

1 Industrials 35.2%
2 Financials 17.18%
3 Communication Services 10.87%
4 Materials 9.74%
5 Healthcare 8.98%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
NIC icon
51
Nicolet Bankshares
NIC
$2.05B
$477K 0.29% 5,561 – –
EBMT icon
52
Eagle Bancorp Montana
EBMT
$139M
$475K 0.29% 21,098 – –
SSB icon
53
SouthState
SSB
$10.3B
$453K 0.27% 5,661 – –
DLX icon
54
Deluxe
DLX
$882M
$446K 0.27% 13,900 – –
PRA icon
55
ProAssurance
PRA
$1.22B
$436K 0.26% 17,234 – –
DGICA icon
56
Donegal Group Class A
DGICA
$653M
$431K 0.26% 30,265 +11,384 +60% +$162K
FRME icon
57
First Merchants
FRME
$2.4B
$413K 0.25% 9,875 – –
NWFL icon
58
Norwood Financial Corp
NWFL
$251M
$353K 0.21% 13,681 – –
MSVB
59
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$323K 0.19% 21,706 – –
NECB icon
60
Northeast Community Bancorp
NECB
$287M
$296K 0.18% 26,639 – –
LSBK icon
61
Lake Shore Bancorp
LSBK
$105M
$294K 0.18% 19,700 – –
OFED
62
DELISTED
Oconee Federal Financial Corp.
OFED
$254K 0.15% 11,451 – –
AE
63
DELISTED
Adams Resources & Energy Inc.
AE
$243K 0.15% 8,731 – –
LUMO
64
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
$236K 0.14% 34,015 – –
DGICB
65
Donegal Group Class B
DGICB
$520M
$226K 0.14% 17,856 – –
ASRV icon
66
AmeriServ Financial
ASRV
$49.2M
$225K 0.14% 58,200 – –
EMCF
67
DELISTED
Emclaire Financial Corp
EMCF
$209K 0.13% 7,554 – –
AUD
68
DELISTED
Audacy, Inc.
AUD
$199K 0.12% 77,400 -72,500 -48% -$186K
NXTC icon
69
NextCure
NXTC
$13.5M
$190K 0.11% +31,713 New +$190K
LGL icon
70
LGL Group
LGL
$35M
$147K 0.09% 12,901 – –
ICCC icon
71
ImmuCell
ICCC
$57.9M
$95K 0.06% 11,958 – –
TRNS icon
72
Transcat
TRNS
$782M
– – -4,517 Closed -$288K
ORKA
73
Oruka Therapeutics, Inc. Common Stock
ORKA
$554M
– – -10,000 Closed -$30K
RIVE
74
DELISTED
Riverview Financial Corporation Common Stock
RIVE
– – -31,622 Closed -$411K
CNBKA
75
DELISTED
Century Bancorp Inc/Mass
CNBKA
– – -17,034 Closed -$1.96M
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