Filed: 5/14/2024ACC: 0001462390-24-000039
📋 What this filing means
MINERVA ADVISORS LLC filed this quarterly 13F‑HR report disclosing 59 equity positions with a total reported market value of $163.32M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
59
Positions
$163.32M
Total AUM (reported)
13.31M
Total Shares
Allocation by class
COM$151.99M93.1%
CL A NEW$7.99M4.9%
COM NEW$2.47M1.5%
CL A$656.4K0.4%
CL B$227.7K0.1%
Portfolio Concentration
Top 3$45.91M28.1%
4–10$56.45M34.6%
11–25$43.65M26.7%
Rest$17.31M10.6%
Top 3 weight
28.1%
Top 10 weight
62.7%
Voting Authority Distribution
Total shares with voting rights: 13.31M
Sole
Full voting authority
9.21M
shares
% of voting shares69.2%
Shared
Joint voting authority
4.10M
shares
% of voting shares30.8%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole7
Shared0
Other52
Dominant voting typeSole · 69.2% of voting shares
Institutional Holdings59
Rows:
UNIVERSAL STAINLESS & ALLOY
OTRShares772.85K
TypeSH
Market value$17.27M
10.58%
Sole
581.72K
Shared
191.12K
None
0.00
EASTERN CO
OTRShares488.59K
TypeSH
Market value$16.38M
10.03%
Sole
333.57K
Shared
155.03K
None
0.00
VIRCO MANUFACTURING CO
OTRShares1.12M
TypeSH
Market value$12.25M
7.50%
Sole
812.19K
Shared
309.92K
None
0.00
GREAT LAKES DREDGE & DOCK CO
OTRShares1.31M
TypeSH
Market value$11.47M
7.02%
Sole
958.26K
Shared
353.88K
None
0.00
TREDEGAR CORP
OTRShares1.49M
TypeSH
Market value$9.75M
5.97%
Sole
818.73K
Shared
676.13K
None
0.00
ASTRONICS CORP
OTRShares463.11K
TypeSH
Market value$8.81M
5.39%
Sole
358.18K
Shared
104.92K
None
0.00
ESCALADE INC
OTRShares537.81K
TypeSH
Market value$7.30M
4.47%
Sole
372.79K
Shared
165.03K
None
0.00
INFUSYSTEM HLDGS INC
OTRShares846.85K
TypeSH
Market value$7.27M
4.45%
Sole
662.97K
Shared
183.88K
None
0.00
DLH HOLDINGS CORP
OTRShares505.58K
TypeSH
Market value$6.65M
4.07%
Sole
402.40K
Shared
103.18K
None
0.00
SAGA COMMUNICATIONS INC
OTRShares233.04K
TypeSH
Market value$5.20M
3.18%
Sole
156.88K
Shared
76.16K
None
0.00
NAVIGATOR HOLDINGS LTD
OTRShares332.61K
TypeSH
Market value$5.11M
3.13%
Sole
253.66K
Shared
78.95K
None
0.00
THRYV HOLDINGS IINC
SOLEShares224.83K
TypeSH
Market value$4.99M
3.05%
Sole
197.50K
Shared
27.33K
None
0.00
KEWAUNEE SCIENTIFIC CP
SOLEShares144.58K
TypeSH
Market value$4.89M
2.99%
Sole
107.10K
Shared
37.48K
None
0.00
UNIFI INC
OTRShares581.99K
TypeSH
Market value$3.49M
2.13%
Sole
268.27K
Shared
313.72K
None
0.00
PATHFINDER BANCORP INC
OTRShares262.20K
TypeSH
Market value$3.19M
1.95%
Sole
210.84K
Shared
51.36K
None
0.00
FREIGHTCAR AMERICA INC
OTRShares786.41K
TypeSH
Market value$3.01M
1.84%
Sole
565K
Shared
221.41K
None
0.00
CAMDEN NATIONAL CORP
OTRShares89.57K
TypeSH
Market value$2.99M
1.83%
Sole
53K
Shared
36.57K
None
0.00
SCRIPPS E W CO OHIO
OTRShares713.08K
TypeSH
Market value$2.79M
1.71%
Sole
490.90K
Shared
222.18K
None
0.00
CRAWFORD & CO CL B
OTRShares272.23K
TypeSH
Market value$2.47M
1.51%
Sole
175.70K
Shared
96.53K
None
0.00
STARRETT LS
OTRShares68.74K
TypeSH
Market value$2.34M
1.43%
Sole
48K
Shared
20.74K
None
0.00
FOSTER L B CO
OTRShares79.80K
TypeSH
Market value$2.17M
1.33%
Sole
42.37K
Shared
37.42K
None
0.00
NI HOLDINGS INC
OTRShares129.90K
TypeSH
Market value$1.93M
1.18%
Sole
100.40K
Shared
29.50K
None
0.00
UNISYS CORP
OTRShares345.35K
TypeSH
Market value$1.70M
1.04%
Sole
153.20K
Shared
192.15K
None
0.00
CONTANGO ORE INC
OTRShares70.15K
TypeSH
Market value$1.39M
0.85%
Sole
58.69K
Shared
11.46K
None
0.00
DORMAN PRODUCTS INC
OTRShares12.59K
TypeSH
Market value$1.21M
0.74%
Sole
4K
Shared
8.59K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
UNIVERSAL STAINLESS & ALLOYOTR | COM | 772.85K | SH | $17.27M 10.58% | 581.72K | 191.12K | 0.00 |
EASTERN COOTR | COM | 488.59K | SH | $16.38M 10.03% | 333.57K | 155.03K | 0.00 |
VIRCO MANUFACTURING COOTR | COM | 1.12M | SH | $12.25M 7.50% | 812.19K | 309.92K | 0.00 |
GREAT LAKES DREDGE & DOCK COOTR | COM | 1.31M | SH | $11.47M 7.02% | 958.26K | 353.88K | 0.00 |
TREDEGAR CORPOTR | COM | 1.49M | SH | $9.75M 5.97% | 818.73K | 676.13K | 0.00 |
ASTRONICS CORPOTR | COM | 463.11K | SH | $8.81M 5.39% | 358.18K | 104.92K | 0.00 |
ESCALADE INCOTR | COM | 537.81K | SH | $7.30M 4.47% | 372.79K | 165.03K | 0.00 |
INFUSYSTEM HLDGS INCOTR | COM | 846.85K | SH | $7.27M 4.45% | 662.97K | 183.88K | 0.00 |
DLH HOLDINGS CORPOTR | COM | 505.58K | SH | $6.65M 4.07% | 402.40K | 103.18K | 0.00 |
SAGA COMMUNICATIONS INCOTR | CL A NEW | 233.04K | SH | $5.20M 3.18% | 156.88K | 76.16K | 0.00 |
NAVIGATOR HOLDINGS LTDOTR | COM | 332.61K | SH | $5.11M 3.13% | 253.66K | 78.95K | 0.00 |
THRYV HOLDINGS IINCSOLE | COM | 224.83K | SH | $4.99M 3.05% | 197.50K | 27.33K | 0.00 |
KEWAUNEE SCIENTIFIC CPSOLE | COM | 144.58K | SH | $4.89M 2.99% | 107.10K | 37.48K | 0.00 |
UNIFI INCOTR | COM | 581.99K | SH | $3.49M 2.13% | 268.27K | 313.72K | 0.00 |
PATHFINDER BANCORP INCOTR | COM | 262.20K | SH | $3.19M 1.95% | 210.84K | 51.36K | 0.00 |
FREIGHTCAR AMERICA INCOTR | COM | 786.41K | SH | $3.01M 1.84% | 565K | 221.41K | 0.00 |
CAMDEN NATIONAL CORPOTR | COM | 89.57K | SH | $2.99M 1.83% | 53K | 36.57K | 0.00 |
SCRIPPS E W CO OHIOOTR | CL A NEW | 713.08K | SH | $2.79M 1.71% | 490.90K | 222.18K | 0.00 |
CRAWFORD & CO CL BOTR | COM | 272.23K | SH | $2.47M 1.51% | 175.70K | 96.53K | 0.00 |
STARRETT LSOTR | COM | 68.74K | SH | $2.34M 1.43% | 48K | 20.74K | 0.00 |
FOSTER L B COOTR | COM | 79.80K | SH | $2.17M 1.33% | 42.37K | 37.42K | 0.00 |
NI HOLDINGS INCOTR | COM | 129.90K | SH | $1.93M 1.18% | 100.40K | 29.50K | 0.00 |
UNISYS CORPOTR | COM NEW | 345.35K | SH | $1.70M 1.04% | 153.20K | 192.15K | 0.00 |
CONTANGO ORE INCOTR | COM | 70.15K | SH | $1.39M 0.85% | 58.69K | 11.46K | 0.00 |
DORMAN PRODUCTS INCOTR | COM | 12.59K | SH | $1.21M 0.74% | 4K | 8.59K | 0.00 |
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