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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
+24.63%
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
$160M
AUM Growth
+$17M
(+12%)
Cap. Flow
-$11.1M
Cap. Flow
% of AUM
-6.92%
Top 10 Holdings %
Top 10 Hldgs %
60.83%
Holding
65
New
3
Increased
10
Reduced
6
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tredegar Corp
TG
|
+$1.85M |
| 2 |
Unisys
UIS
|
+$1.47M |
| 3 |
Eastern Company
EML
|
+$1.2M |
| 4 |
UNIFI
UFI
|
+$724K |
| 5 |
Saga Communications
SGA
|
+$594K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTG
Computer Task Group, Inc.
CTG
|
+$13M |
| 2 |
CCF
Chase Corporation
CCF
|
+$3.05M |
| 3 |
PATI
Patriot Transportation Holding, Inc. Common Stock
PATI
|
+$1.76M |
| 4 |
Ceco Environmental
CECO
|
+$571K |
| 5 |
Escalade
ESCA
|
+$290K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 33.18% |
| 2 | Consumer Discretionary | 20.17% |
| 3 | Financials | 15.96% |
| 4 | Materials | 11.49% |
| 5 | Communication Services | 6.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
USAP
1
DELISTED
Universal Stainless & Alloy
USAP
| $15.5M | 9.71% |
776,045
+37,618
| +5% | +$568K |
|
2
Virco
VIRC
$94.4M
| $13.2M | 8.25% |
1,097,339
+17,465
| +2% | +$134K |
|
|
3
Escalade
ESCA
$275M
| $10.8M | 6.74% |
537,814
-15,707
| -3% | -$290K |
|
|
4
Eastern Company
EML
$144M
| $10.6M | 6.64% |
491,594
+64,134
| +15% | +$1.2M |
|
|
GLDD
5
DELISTED
Great Lakes Dredge & Dock
GLDD
| $9.8M | 6.12% |
1,275,998
+67,700
| +6% | +$493K |
|
6
InfuSystem Holdings
INFU
$188M
| $8.84M | 5.53% |
846,851
| – | – |
|
7
Astronics
ATRO
$3.44B
| $8.07M | 5.04% |
555,726
| – | – |
|
8
DLH Holdings
DLHC
$71M
| $7.91M | 4.94% |
505,581
| – | – |
|
|
9
Tredegar Corp
TG
$263M
| $7.39M | 4.62% |
1,366,195
+375,646
| +38% | +$1.85M |
|
|
10
Saga Communications
SGA
$56.9M
| $5.19M | 3.24% |
233,041
+28,247
| +14% | +$594K |
|
11
E.W. Scripps
SSP
$257M
| $5.06M | 3.16% |
632,733
+28,000
| +5% | +$188K |
|
12
Navigator Holdings
NVGS
$1.37B
| $5M | 3.13% |
344,612
| – | – |
|
13
Kewaunee Scientific
KEQU
$106M
| $4.88M | 3.05% |
174,432
| – | – |
|
14
Thryv Holdings
THRY
$179M
| $4.55M | 2.84% |
224,829
-14,722
| -6% | -$277K |
|
15
Pathfinder Bancorp
PBHC
$102M
| $3.54M | 2.21% |
256,599
| – | – |
|
16
Crawford & Co Class B
CRD.B
$484M
| $3.45M | 2.16% |
267,234
+32,857
| +14% | +$314K |
|
17
Camden National
CAC
$981M
| $3.36M | 2.1% |
89,568
| – | – |
|
18
FreightCar America
RAIL
$263M
| $2.11M | 1.32% |
785,684
-20,728
| -3% | -$52.3K |
|
|
19
UNIFI
UFI
$114M
| $1.98M | 1.24% |
297,485
+111,002
| +60% | +$724K |
|
|
20
Unisys
UIS
$216M
| $1.94M | 1.21% |
+345,347
| New | +$1.47M |
|
|
21
Ceco Environmental
CECO
$3.9B
| $1.83M | 1.14% |
90,158
-31,300
| -26% | -$571K |
|
22
Foster
FSTR
$437M
| $1.75M | 1.09% |
79,798
| – | – |
|
23
SIFCO Industries
SIF
$168M
| $1.72M | 1.07% |
378,608
| – | – |
|
24
NI Holdings
NODK
$314M
| $1.68M | 1.05% |
129,900
| – | – |
|
25
Dorman Products
DORM
$3.98B
| $1.42M | 0.89% |
17,090
| – | – |
|
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Minerva Advisors's Q4 2023 Portfolio in Review
As of Q4 2023, Minerva Advisors held 65 positions worth $160M, up 12% from $143M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Minerva Advisors withdrew a net $11.1M in Q4 2023, closing 6 positions and reducing 6 holdings. Its most notable exit was Computer Task Group, Inc., an estimated $13M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 33% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Minerva Advisors opened a new position in Unisys worth $1.94M.
- Minerva Advisors's largest Q4 2023 buy was Unisys: 345,347 shares worth $1.94M.
- Minerva Advisors added most to Tredegar Corp in Q4 2023, an estimated $1.85M increase.
- Minerva Advisors's biggest Q4 2023 reduction was Ceco Environmental, cutting an estimated $571K.
- Minerva Advisors fully exited Computer Task Group, Inc. in Q4 2023, selling an estimated $13M.
- Minerva Advisors's ten largest holdings make up 61% of its $160M portfolio in Q4 2023.
- Minerva Advisors opened 3 new positions and closed 6 in Q4 2023.
- Minerva Advisors's portfolio value rose 12% quarter-over-quarter to $160M.
Based on Minerva Advisors's 13F filing for Q4 2023, filed 9 Feb 2024.