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
+4.41%
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
$166M
AUM Growth
-$5.68M
Cap. Flow
-$7.1M
Cap. Flow %
-4.27%
Top 10 Hldgs %
56.57%
Holding
76
New
3
Increased
10
Reduced
9
Closed
5

Top Buys

Rank Stock Value
1
CTGO icon
Contango Silver & Gold Inc
CTGO
+$2.86M
2
TG icon
Tredegar Corp
TG
+$539K
3
MPB icon
Mid Penn Bancorp
MPB
+$379K
4
RAIL icon
FreightCar America
RAIL
+$239K
5
NXTC icon
NextCure
NXTC
+$221K

Top Sells

Rank Stock Value
1
GPX
GP Strategies Corp.
GPX
+$7.2M
2
CNBKA
Century Bancorp Inc/Mass
CNBKA
+$1.96M
3
STFC
State Auto Financial Corp
STFC
+$829K
4
PATI
Patriot Transportation Holding, Inc. Common Stock
PATI
+$517K
5
RIVE
Riverview Financial Corporation Common Stock
RIVE
+$411K

Sector Composition

Rank Sector Weight
1 Industrials 35.2%
2 Financials 17.18%
3 Materials 9.74%
4 Communication Services 9.64%
5 Healthcare 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NIC icon
51
Nicolet Bankshares
NIC
$3.59B
$477K 0.29%
5,561
– –
EBMT icon
52
Eagle Bancorp Montana
EBMT
$186M
$475K 0.29%
21,098
– –
SSB icon
53
SouthState Bank Corp
SSB
$10.2B
$453K 0.27%
5,661
– –
DLX icon
54
Deluxe
DLX
$1.18B
$446K 0.27%
13,900
– –
PRA
55
DELISTED
ProAssurance
PRA
$436K 0.26%
17,234
– –
DGICA icon
56
Donegal Group Class A
DGICA
$719M
$431K 0.26%
30,265
+11,384
+60% +$163K
FRME icon
57
First Merchants
FRME
$2.69B
$413K 0.25%
9,875
– –
NWFL icon
58
Norwood Financial Corp
NWFL
$367M
$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
$365M
$296K 0.18%
26,639
– –
LSBK icon
61
Lake Shore Bancorp
LSBK
$135M
$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
$807M
$226K 0.14%
17,856
– –
ASRV icon
66
AmeriServ Financial
ASRV
$76.8M
$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% -$223K
NXTC icon
69
NextCure
NXTC
$17.7M
$190K 0.11%
+2,643
New +$221K
LGL icon
70
LGL Group
LGL
$45.1M
$147K 0.09%
34,213
– –
ICCC icon
71
ImmuCell
ICCC
$101M
$95K 0.06%
11,958
– –
TRNS icon
72
Transcat
TRNS
$804M
– –
-4,517
Closed -$288K
ORKA
73
Oruka Therapeutics
ORKA
$5.77B
– –
-833
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
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
ECA
Elevate Capital Advisors Eagle, Colorado $155M AUM 17.18% 1-Year Est. Return

Minerva Advisors's Q4 2021 Portfolio in Review

As of Q4 2021, Minerva Advisors held 76 positions worth $166M, down 3.3% from $172M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Minerva Advisors withdrew a net $7.1M in Q4 2021, closing 5 positions and reducing 9 holdings. Its most notable exit was GP Strategies Corp., an estimated $7.2M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 35% of assets, down from 37% a quarter earlier, followed by Financials and Materials.

Against the trend, Minerva Advisors opened a new position in Contango Silver & Gold Inc worth $2.78M.

  • Minerva Advisors's largest Q4 2021 buy was Contango Silver & Gold Inc: 108,518 shares worth $2.78M.
  • Minerva Advisors added most to Mid Penn Bancorp in Q4 2021, an estimated $379K increase.
  • Minerva Advisors's biggest Q4 2021 reduction was State Auto Financial Corp, cutting an estimated $829K.
  • Minerva Advisors fully exited GP Strategies Corp. in Q4 2021, selling an estimated $7.2M.
  • Minerva Advisors's ten largest holdings make up 57% of its $166M portfolio in Q4 2021.
  • Minerva Advisors opened 3 new positions and closed 5 in Q4 2021.
  • Minerva Advisors's portfolio value fell 3.3% quarter-over-quarter to $166M.

Based on Minerva Advisors's 13F filing for Q4 2021, filed 14 Feb 2022.