Minerva Advisors LLC
13F Reported Value
ⓘ$158.3M
Holdings
46
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Minerva Advisors LLC disclosed 46 positions worth $158.3M in its Form 13F-HR for Q2 2026, led by $EML (EASTERN CO) at 9.6% of the equity portfolio, followed by $TG and $INFU. During the quarter the fund opened 0 new positions and exited 2 and a full exit from $GLDD. The portfolio is most concentrated in Industrials (30.7% of disclosed assets). All figures are sourced directly from Minerva Advisors LLC’s Form 13F-HR filing with the SEC under CIK 1541536.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 42.0#2,035
Quality
$15.2M546,402 sh - —
Quality
$13.3M1,665,607 sh - 58.2#1,038
Quality
$13.0M1,348,617 sh - 52.9
Quality
$10.7M455,650 sh - 47.5
Quality
$10.7M567,222 sh - 31.7
Quality
$9.4M1,535,454 sh - 48.8
Quality
$6.5M93,615 sh - 29.8
Quality
$6.0M1,258,792 sh - 26.9
Quality
$5.9M1,116,368 sh - —
Quality
$5.5M296,212 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 EASTERN CO$EML | 42.0#2,035 | $15.2M | 546,402 |
 TREDEGAR CORP$TG | — | $13.3M | 1,665,607 |
 InfuSystem Holdings, Inc$INFU | 58.2#1,038 | $13.0M | 1,348,617 |
 SIFCO INDUSTRIES INC$SIF | 52.9 | $10.7M | 455,650 |
 ESCALADE INC$ESCA | 47.5 | $10.7M | 567,222 |
 VIRCO MFG CORPORATION$VIRC | 31.7 | $9.4M | 1,535,454 |
 UTAH MEDICAL PRODUCTS INC$UTMD | 48.8 | $6.5M | 93,615 |
 UNIFI INC$UFI | 29.8 | $6.0M | 1,258,792 |
 DLH Holdings Corp.$DLHC | 26.9 | $5.9M | 1,116,368 |
 Navigator Holdings Ltd.$NVGS | — | $5.5M | 296,212 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Minerva Advisors LLC's 46 positions.
Showing top 10 of 46 holdings.
Sector Allocation
Industrials
$48.5M
Financials
$32.8M
Consumer Discretionary
$29.1M
Healthcare
$20.4M
Materials
$14.2M
Technology
$7.1M
Communication Services
$5.4M
Other
$729,465
Full Holdings — Minerva Advisors LLC (Q2 2026)
All 46 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $EML | EASTERN CO | $15.2M | 9.6% | +0% | 42 |
| 2 | $TG | TREDEGAR CORP | $13.3M | 8.4% | +0% | — |
| 3 | $INFU | InfuSystem Holdings, Inc | $13.0M | 8.2% | +12% | 58.2 |
| 4 | $SIF | SIFCO INDUSTRIES INC | $10.7M | 6.7% | -5% | 52.9 |
| 5 | $ESCA | ESCALADE INC | $10.7M | 6.7% | -0% | 47.5 |
| 6 | $VIRC | VIRCO MFG CORPORATION | $9.4M | 6.0% | +1% | 31.7 |
| 7 | $UTMD | UTAH MEDICAL PRODUCTS INC | $6.5M | 4.1% | +0% | 48.8 |
| 8 | $UFI | UNIFI INC | $6.0M | 3.8% | +0% | 29.8 |
| 9 | $DLHC | DLH Holdings Corp. | $5.9M | 3.7% | +0% | 26.9 |
| 10 | $NVGS | Navigator Holdings Ltd. | $5.5M | 3.5% | +0% | — |
| 11 |  $KEQU | KEWAUNEE SCIENTIFIC CORP /DE/ | $5.3M | 3.4% | +9% | 49.3 |
| 12 |  $SSP | E.W. SCRIPPS Co | $5.1M | 3.2% | +20% | 29.3 |
| 13 |  $CAC | CAMDEN NATIONAL CORP | $4.9M | 3.1% | +0% | 63.2 |
| 14 |  $ATRO | ASTRONICS CORP | $4.5M | 2.8% | -22% | 61.3 |
| 15 |  $PBHC | Pathfinder Bancorp, Inc. | $4.2M | 2.6% | +0% | 31.3 |
| 16 |  $RAIL | FreightCar America, Inc. | $3.7M | 2.3% | +11% | 34.7 |
| 17 |  $KELYA | KELLY SERVICES INC | $3.1M | 2.0% | +27% | 34.9 |
| 18 |  $FSTR | FOSTER L B CO | $3.1M | 1.9% | -19% | 45.7 |
| 19 |  $CRD-A | CRAWFORD & CO | $3.0M | 1.9% | +0% | 42 |
| 20 |  $NODK | NI Holdings, Inc. | $2.0M | 1.3% | +0% | 34.9 |
| 21 |  $CLBK.R1723596 | Columbia Financial, Inc. | $1.9M | 1.2% | +164% | 56.1 |
| 22 |  $MPB | MID PENN BANCORP INC | $1.9M | 1.2% | +0% | 63.4 |
| 23 |  $CFG | CITIZENS FINANCIAL GROUP INC/RI | $1.5M | 0.9% | +0% | 62.9 |
| 24 |  $EBC | Eastern Bankshares, Inc. | $1.4M | 0.9% | +0% | 69.5 |
| 25 |  $UIS | UNISYS CORP | $1.3M | 0.8% | +0% | 32.1 |
| 26 |  $FNB | FNB CORP/PA/ | $1.2M | 0.8% | +0% | 65 |
| 27 |  $FRME | FIRST MERCHANTS CORP | $1.0M | 0.7% | +0% | 47.9 |
| 28 |  $ECBK | ECB Bancorp, Inc. /MD/ | $1.0M | 0.6% | +0% | 54.8 |
| 29 |  $CZNC | CITIZENS & NORTHERN CORP | $999,999 | 0.6% | +0% | 52.7 |
| 30 |  $CTGO | Contango Silver & Gold Inc. | $941,826 | 0.6% | +0% | — |
| 31 |  $CPBI | Central Plains Bancshares, Inc. | $934,697 | 0.6% | +0% | — |
| 32 |  $NWFL | NORWOOD FINANCIAL CORP | $918,847 | 0.6% | +0% | 53.7 |
| 33 |  $FMC | FMC CORP | $897,000 | 0.6% | +63% | 33.6 |
| 34 |  $DGICA | DONEGAL GROUP INC | $876,801 | 0.6% | +0% | 51.8 |
| 35 |  $MBBC | Marathon Bancorp, Inc. /MD/ | $851,860 | 0.5% | -5% | — |
| 36 |  $LSBK | Lake Shore Bancorp, Inc. /MD/ | $788,253 | 0.5% | +0% | 53.7 |
| 37 | — | FIRST BK WILLIAMSTOWN NEW JE - COM | $729,465 | 0.5% | +0% | — |
| 38 |  $HBNC | HORIZON BANCORP INC /IN/ | $700,344 | 0.4% | +0% | — |
| 39 |  $NWBI | Northwest Bancshares, Inc. | $576,080 | 0.4% | +0% | 62 |
| 40 |  $THRY | Thryv Holdings, Inc. | $568,656 | 0.4% | +0% | 38.4 |
| 41 |  $FCF | FIRST COMMONWEALTH FINANCIAL CORP /PA/ | $519,635 | 0.3% | +0% | 58 |
| 42 |  $EBMT | Eagle Bancorp Montana, Inc. | $504,875 | 0.3% | +0% | 50.4 |
| 43 |  $RMBI | Richmond Mutual Bancorporation, Inc. | $479,957 | 0.3% | +0% | 48.4 |
| 44 | $DGICA | DONEGAL GROUP INC | $388,904 | 0.3% | +0% | 51.8 |
| 45 |  $DLX | DELUXE CORP | $331,932 | 0.2% | +0% | 53.1 |
| 46 |  $ASRV | AMERISERV FINANCIAL INC /PA/ | $225,816 | 0.1% | +0% | 37.8 |
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