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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
+10.47%
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
$145M
AUM Growth
+$5.87M
Cap. Flow
-$1.65M
Cap. Flow %
-1.14%
Top 10 Hldgs %
57.89%
Holding
68
New
1
Increased
9
Reduced
8
Closed
3

Top Buys

Rank Stock Value
1
TG icon
Tredegar Corp
TG
+$1.34M
2
DLHC icon
DLH Holdings
DLHC
+$929K
3
CZFS icon
Citizens Financial Services
CZFS
+$641K
4
UFI icon
UNIFI
UFI
+$471K
5
VIRC icon
Virco
VIRC
+$132K

Top Sells

Rank Stock Value
1
CCF
Chase Corporation
CCF
+$1.75M
2
USLM icon
United States Lime & Minerals
USLM
+$1.68M
3
CTGO icon
Contango Silver & Gold Inc
CTGO
+$785K
4
HVBC
HV Bancorp, Inc. Common Stock
HVBC
+$777K
5
PATI
Patriot Transportation Holding, Inc. Common Stock
PATI
+$281K

Sector Composition

Rank Sector Weight
1 Industrials 39.84%
2 Financials 14.88%
3 Materials 11.26%
4 Consumer Discretionary 11.13%
5 Communication Services 6.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LSBK icon
51
Lake Shore Bancorp
LSBK
$135M
$316K 0.22%
29,344
+9,644
+49% +$104K
CBU icon
52
Community Bank
CBU
$3.41B
$310K 0.21%
6,618
– –
MSVB
53
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$282K 0.2%
21,706
– –
FRME icon
54
First Merchants
FRME
$2.69B
$278K 0.19%
9,875
– –
EBMT icon
55
Eagle Bancorp Montana
EBMT
$186M
$272K 0.19%
21,098
– –
PRA
56
DELISTED
ProAssurance
PRA
$260K 0.18%
17,234
– –
DLX icon
57
Deluxe
DLX
$1.18B
$243K 0.17%
13,900
– –
DGICB
58
Donegal Group Class B
DGICB
$807M
$237K 0.16%
17,856
– –
FSFG
59
DELISTED
First Savings Financial Group
FSFG
$212K 0.15%
16,221
– –
DLA
60
DELISTED
Delta Apparel Inc.
DLA
$199K 0.14%
19,353
– –
OFED
61
DELISTED
Oconee Federal Financial Corp.
OFED
$162K 0.11%
11,451
– –
ASRV icon
62
AmeriServ Financial
ASRV
$76.8M
$146K 0.1%
58,200
– –
PCTI
63
DELISTED
PCTEL, Inc. Common Stock
PCTI
$92.2K 0.06%
19,243
– –
LUMO
64
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
$84.7K 0.06%
26,549
-7,466
-22% -$26.3K
DALN
65
DELISTED
DallasNews
DALN
$60.2K 0.04%
15,648
-13,963
-47% -$57.3K
ICCC icon
66
ImmuCell
ICCC
$101M
– –
-11,958
Closed -$61.1K
NXTC icon
67
NextCure
NXTC
$17.7M
– –
-2,643
Closed -$46.9K
HVBC
68
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
– –
-25,890
Closed -$777K
1 2
3

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Minerva Advisors's Q2 2023 Portfolio in Review

As of Q2 2023, Minerva Advisors held 68 positions worth $145M, up 4.2% from $139M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Minerva Advisors's Q2 2023 filing shows 1 new, 9 increased, 8 reduced and 3 closed positions. Its largest new stake was Citizens Financial Services: 7,881 shares worth $575K. The largest sale was Chase Corporation, an estimated $1.75M.

By sector, the portfolio is most concentrated in Industrials at 40% of assets, up from 38% a quarter earlier, followed by Financials and Materials.

  • Minerva Advisors's largest Q2 2023 buy was Citizens Financial Services: 7,881 shares worth $575K.
  • Minerva Advisors added most to Tredegar Corp in Q2 2023, an estimated $1.34M increase.
  • Minerva Advisors's biggest Q2 2023 reduction was Chase Corporation, cutting an estimated $1.75M.
  • Minerva Advisors fully exited HV Bancorp, Inc. Common Stock in Q2 2023, selling an estimated $777K.
  • Minerva Advisors's ten largest holdings make up 58% of its $145M portfolio in Q2 2023.
  • Minerva Advisors opened 1 new position and closed 3 in Q2 2023.
  • Minerva Advisors's portfolio value rose 4.2% quarter-over-quarter to $145M.

Based on Minerva Advisors's 13F filing for Q2 2023, filed 10 Aug 2023.