Filed: 11/8/2024ACC: 0001462390-24-000047
📋 What this filing means
MINERVA ADVISORS LLC filed this quarterly 13F‑HR report disclosing 57 equity positions with a total reported market value of $172.56M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
57
Positions
$172.56M
Total AUM (reported)
13.47M
Total Shares
Allocation by class
COM$162.58M94.2%
CL A NEW$5.96M3.5%
COM NEW$3.11M1.8%
CL A$684.3K0.4%
CL B$233.6K0.1%
Portfolio Concentration
Top 3$47.95M27.8%
4–10$60.30M34.9%
11–25$45.56M26.4%
Rest$18.74M10.9%
Top 3 weight
27.8%
Top 10 weight
62.7%
Voting Authority Distribution
Total shares with voting rights: 13.47M
Sole
Full voting authority
9.02M
shares
% of voting shares67.0%
Shared
Joint voting authority
4.45M
shares
% of voting shares33.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole7
Shared0
Other50
Dominant voting typeSole · 67.0% of voting shares
Institutional Holdings57
Rows:
UNIVERSAL STAINLESS & ALLOY
OTRShares435.09K
TypeSH
Market value$16.81M
9.74%
Sole
322.45K
Shared
112.64K
None
0.00
EASTERN CO
OTRShares497.21K
TypeSH
Market value$15.93M
9.23%
Sole
333.57K
Shared
163.64K
None
0.00
VIRCO MANUFACTURING CO
OTRShares1.10M
TypeSH
Market value$15.21M
8.82%
Sole
777.36K
Shared
324.33K
None
0.00
GREAT LAKES DREDGE & DOCK CO
OTRShares1.34M
TypeSH
Market value$14.12M
8.18%
Sole
958.26K
Shared
383.55K
None
0.00
TREDEGAR CORP
OTRShares1.66M
TypeSH
Market value$12.12M
7.03%
Sole
961.30K
Shared
701.80K
None
0.00
ASTRONICS CORP
OTRShares463.11K
TypeSH
Market value$8.99M
5.21%
Sole
358.18K
Shared
104.92K
None
0.00
ESCALADE INC
OTRShares537.81K
TypeSH
Market value$7.52M
4.36%
Sole
372.79K
Shared
165.03K
None
0.00
DLH HOLDINGS CORP
OTRShares636.38K
TypeSH
Market value$5.95M
3.45%
Sole
424.66K
Shared
211.72K
None
0.00
UNIFI INC
OTRShares810.23K
TypeSH
Market value$5.95M
3.45%
Sole
423.02K
Shared
387.21K
None
0.00
INFUSYSTEM HLDGS INC
OTRShares846.85K
TypeSH
Market value$5.66M
3.28%
Sole
662.97K
Shared
183.88K
None
0.00
NAVIGATOR HOLDINGS LTD
OTRShares306.21K
TypeSH
Market value$4.92M
2.85%
Sole
233.56K
Shared
72.65K
None
0.00
FREIGHTCAR AMERICA INC
OTRShares419.10K
TypeSH
Market value$4.52M
2.62%
Sole
300.73K
Shared
118.37K
None
0.00
PATHFINDER BANCORP INC
OTRShares262.20K
TypeSH
Market value$4.11M
2.38%
Sole
210.84K
Shared
51.36K
None
0.00
THRYV HOLDINGS IINC
SOLEShares224.83K
TypeSH
Market value$3.87M
2.24%
Sole
197.50K
Shared
27.33K
None
0.00
CAMDEN NATIONAL CORP
OTRShares89.57K
TypeSH
Market value$3.69M
2.14%
Sole
53K
Shared
36.57K
None
0.00
KEWAUNEE SCIENTIFIC CP
SOLEShares105.18K
TypeSH
Market value$3.48M
2.02%
Sole
76.10K
Shared
29.08K
None
0.00
SAGA COMMUNICATIONS INC
OTRShares230.48K
TypeSH
Market value$3.28M
1.90%
Sole
156.47K
Shared
74.01K
None
0.00
CRAWFORD & CO CL B
OTRShares276.69K
TypeSH
Market value$3.07M
1.78%
Sole
175.89K
Shared
100.80K
None
0.00
UTAL MED PRODS INC
OTRShares42.33K
TypeSH
Market value$2.82M
1.63%
Sole
22.56K
Shared
19.77K
None
0.00
SCRIPPS E W CO OHIO
OTRShares1.19M
TypeSH
Market value$2.67M
1.55%
Sole
686.39K
Shared
506.05K
None
0.00
NI HOLDINGS INC
OTRShares129.90K
TypeSH
Market value$2.03M
1.18%
Sole
100.40K
Shared
29.50K
None
0.00
SIFCO INDUSTRIES INC
OTRShares423.89K
TypeSH
Market value$1.97M
1.14%
Sole
327.73K
Shared
96.16K
None
0.00
UNISYS CORP
OTRShares345.35K
TypeSH
Market value$1.96M
1.14%
Sole
153.20K
Shared
192.15K
None
0.00
FOSTER L B CO
OTRShares79.80K
TypeSH
Market value$1.63M
0.95%
Sole
42.37K
Shared
37.42K
None
0.00
MID PENN BANCORP
OTRShares51.73K
TypeSH
Market value$1.54M
0.89%
Sole
39.23K
Shared
12.50K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
UNIVERSAL STAINLESS & ALLOYOTR | COM | 435.09K | SH | $16.81M 9.74% | 322.45K | 112.64K | 0.00 |
EASTERN COOTR | COM | 497.21K | SH | $15.93M 9.23% | 333.57K | 163.64K | 0.00 |
VIRCO MANUFACTURING COOTR | COM | 1.10M | SH | $15.21M 8.82% | 777.36K | 324.33K | 0.00 |
GREAT LAKES DREDGE & DOCK COOTR | COM | 1.34M | SH | $14.12M 8.18% | 958.26K | 383.55K | 0.00 |
TREDEGAR CORPOTR | COM | 1.66M | SH | $12.12M 7.03% | 961.30K | 701.80K | 0.00 |
ASTRONICS CORPOTR | COM | 463.11K | SH | $8.99M 5.21% | 358.18K | 104.92K | 0.00 |
ESCALADE INCOTR | COM | 537.81K | SH | $7.52M 4.36% | 372.79K | 165.03K | 0.00 |
DLH HOLDINGS CORPOTR | COM | 636.38K | SH | $5.95M 3.45% | 424.66K | 211.72K | 0.00 |
UNIFI INCOTR | COM | 810.23K | SH | $5.95M 3.45% | 423.02K | 387.21K | 0.00 |
INFUSYSTEM HLDGS INCOTR | COM | 846.85K | SH | $5.66M 3.28% | 662.97K | 183.88K | 0.00 |
NAVIGATOR HOLDINGS LTDOTR | COM | 306.21K | SH | $4.92M 2.85% | 233.56K | 72.65K | 0.00 |
FREIGHTCAR AMERICA INCOTR | COM | 419.10K | SH | $4.52M 2.62% | 300.73K | 118.37K | 0.00 |
PATHFINDER BANCORP INCOTR | COM | 262.20K | SH | $4.11M 2.38% | 210.84K | 51.36K | 0.00 |
THRYV HOLDINGS IINCSOLE | COM | 224.83K | SH | $3.87M 2.24% | 197.50K | 27.33K | 0.00 |
CAMDEN NATIONAL CORPOTR | COM | 89.57K | SH | $3.69M 2.14% | 53K | 36.57K | 0.00 |
KEWAUNEE SCIENTIFIC CPSOLE | COM | 105.18K | SH | $3.48M 2.02% | 76.10K | 29.08K | 0.00 |
SAGA COMMUNICATIONS INCOTR | CL A NEW | 230.48K | SH | $3.28M 1.90% | 156.47K | 74.01K | 0.00 |
CRAWFORD & CO CL BOTR | COM | 276.69K | SH | $3.07M 1.78% | 175.89K | 100.80K | 0.00 |
UTAL MED PRODS INCOTR | COM | 42.33K | SH | $2.82M 1.63% | 22.56K | 19.77K | 0.00 |
SCRIPPS E W CO OHIOOTR | CL A NEW | 1.19M | SH | $2.67M 1.55% | 686.39K | 506.05K | 0.00 |
NI HOLDINGS INCOTR | COM | 129.90K | SH | $2.03M 1.18% | 100.40K | 29.50K | 0.00 |
SIFCO INDUSTRIES INCOTR | COM | 423.89K | SH | $1.97M 1.14% | 327.73K | 96.16K | 0.00 |
UNISYS CORPOTR | COM NEW | 345.35K | SH | $1.96M 1.14% | 153.20K | 192.15K | 0.00 |
FOSTER L B COOTR | COM | 79.80K | SH | $1.63M 0.95% | 42.37K | 37.42K | 0.00 |
MID PENN BANCORPOTR | COM | 51.73K | SH | $1.54M 0.89% | 39.23K | 12.50K | 0.00 |
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