Minerva Advisors LLC Q3 2025 Filing
Filed November 12, 2025
Portfolio Value
$157.5B
Holdings
56
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (56 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | GLDDGREAT LAKES DREDGE & DOCK CO | 1,389,807 | $16.7B | 10.58% | |
| 2 | TGTREDEGAR CORP | 1,657,107 | $13.3B | 8.45% | |
| 3 | EMLEASTERN CO | 530,053 | $12.4B | 7.90% | |
| 4 | INFUINFUSYSTEM HLDGS INC | 1,025,789 | $10.6B | 6.75% | |
| 5 | VIRCVIRCO MFG CO | 1,362,502 | $10.6B | 6.71% | |
| 6 | ATROASTRONICS CORP | 195,041 | $8.9B | 5.65% | |
| 7 | ESCAESCALADE INC | 550,192 | $6.9B | 4.39% | |
| 8 | DLHCDLH HLDGS CORP | 1,116,802 | $6.3B | 4.01% | |
| 9 | UTMUTAH MED PRODS INC | 93,058 | $5.9B | 3.72% | |
| 10 | UFIUNIFI INC | 1,152,481 | $5.5B | 3.48% | |
| 11 | NVGSNAVIGATOR HLDGS LTD | 301,212 | $4.7B | 2.96% | |
| 12 | PBHCPATHFINDER BANCORP INC MD | 262,204 | $4.1B | 2.61% | |
| 13 | CACCAMDEN NATL CORP | 89,568 | $3.5B | 2.20% | |
| 14 | KEQUKEWAUNEE SCIENTIFIC CORP | 80,274 | $3.4B | 2.17% | |
| 15 | SSPSCRIPPS E W CO OHIO | 1,385,920 | $3.4B | 2.17% | |
| 16 | SIFSIFCO INDS INC | 466,901 | $3.3B | 2.09% | |
| 17 | SGASAGA COMMUNICATIONS INC | 226,688 | $2.8B | 1.79% | |
| 18 | CRD/BCRAWFORD & CO | 288,334 | $2.8B | 1.79% | |
| 19 | RAILFREIGHTCAR AMER INC | 258,546 | $2.5B | 1.61% | |
| 20 | THRYTHRYV HLDGS INC | 202,329 | $2.4B | 1.55% | |
| 21 | FSTRFOSTER L B CO | 83,965 | $2.3B | 1.44% | |
| 22 | CTGOCONTANGO ORE INC | 76,147 | $1.9B | 1.21% | |
| 23 | NODKNI HLDGS INC | 129,900 | $1.8B | 1.12% | |
| 24 | MPBMID PENN BANCORP INC | 54,177 | $1.6B | 0.99% | |
| 25 | UISUNISYS CORP | 345,347 | $1.3B | 0.86% | |
| 26 | DORMDORMAN PRODS INC | 8,590 | $1.3B | 0.85% | |
| 27 | 1S4HARBORONE BANCORP INC NEW | 88,414 | $1.2B | 0.76% | |
| 28 | CFGCITIZENS FINL GROUP INC | 21,485 | $1.1B | 0.73% | |
| 29 | FNBF N B CORP | 64,075 | $1.0B | 0.66% | |
| 30 | DGICADONEGAL GROUP INC | 46,490 | $901.4M | 0.57% | |
| 31 | CZNCCITIZENS & NORTHN CORP | 42,900 | $849.8M | 0.54% | |
| 32 | USLMUNITED STS LIME & MINERALS I | 6,250 | $822.2M | 0.52% | |
| 33 | CPBICENTRAL PLAINS BANCSHARES IN | 49,117 | $800.6M | 0.51% | |
| 34 | ECBKECB BANCORP INC | 49,940 | $792.5M | 0.50% | |
| 35 | FRBAFIRST BK WILLIAMSTOWN NEW JE | 41,143 | $670.2M | 0.43% | |
| 36 | MBBCMARATHON BANCORP INC | 58,976 | $615.1M | 0.39% | |
| 37 | LSBKLAKE SHORE BANCORP INC | 44,259 | $575.4M | 0.37% | |
| 38 | HBNCHORIZON BANCORP INC | 35,052 | $561.2M | 0.36% | |
| 39 | SSBSOUTHSTATE BK CORP | 5,661 | $559.6M | 0.36% | |
| 40 | KELYAKELLY SVCS INC | 40,000 | $524.8M | 0.33% | |
| 41 | FSFGFIRST SVGS FINL GROUP INC | 16,221 | $509.8M | 0.32% | |
| 42 | CLBKCOLUMBIA FINL INC | 33,794 | $507.2M | 0.32% | |
| 43 | CZFSCITIZENS FINL SVCS INC | 7,881 | $475.1M | 0.30% | |
| 44 | NWBINORTHWEST BANCSHARES INC MD | 38,000 | $470.8M | 0.30% | |
| 45 | FCFFIRST COMWLTH FINL CORP PA | 25,560 | $435.8M | 0.28% | |
| 46 | RMBIRICHMOND MUT BANCORPORATION | 30,000 | $426.3M | 0.27% | |
| 47 | PRAPROASSURANCE CORP | 17,234 | $413.4M | 0.26% | |
| 48 | PBBKPB BANKSHARES INC | 20,560 | $394.3M | 0.25% | |
| 49 | ACNTASCENT INDUSTRIES CO | 30,415 | $391.7M | 0.25% | |
| 50 | CBUCOMMUNITY FINANCIAL SYSTEM I | 6,618 | $388.1M | 0.25% | |
| 51 | FRMEFIRST MERCHANTS CORP | 9,875 | $372.3M | 0.24% | |
| 52 | EBMTEAGLE BANCORP MONT INC | 21,098 | $364.4M | 0.23% | |
| 53 | NWFLNORWOOD FINANCIAL CORP | 13,681 | $347.8M | 0.22% | |
| 54 | DGICBDONEGAL GROUP INC | 17,856 | $285.9M | 0.18% | |
| 55 | DLXDELUXE CORP | 13,900 | $269.1M | 0.17% | |
| 56 | ASRVAMERISERV FINL INC | 58,200 | $168.8M | 0.11% |