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Disclosery

13F-HR filed by Minerva Advisors LLC

Minerva Advisors LLC filed this 13F-HR for the quarter ended 2025-12-31, filed 2026-02-09, with 57 holding rows worth $149,717,343.

Accession
0001420506-26-000218
Filer
CIK 1541536
Filed
2026-02-09
Accepted by EDGAR
acceptance time not in the bulk data set
Ingested
Source
SEC quarterly data set

Original filing

13F report for Q4 2025

A holdings report, 104 entries on the cover page, a total value of $149,717,343 stated on the cover page (in dollars after the unit check, H1), rows summing to $149,717,343 with VALUE read as dollars as filed, 13F file number 028-14665. The quarter's positions are built on this report. The resolved quarter.

The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).

Issuer as filedCUSIPClassAmountValueValue read asType
Great Lakes Dredge & Dock Corp390607109Common Stock1,389,807$18,234,267dollars as filed
TREDEGAR CORP894650100COM1,657,107$11,898,029dollars as filed
EASTERN CO276317104COM529,084$10,417,664dollars as filed
INFUSYSTEM HOLDINGS INC45685K102COMMON STOCK1,078,731$9,676,217dollars as filed
VIRCO MFG CO927651109COM1,448,198$9,253,985dollars as filed
ESCALADE INC296056104COMMON STOCK567,621$7,657,207dollars as filed
DLH HLDGS CORP23335Q100COM1,113,057$6,288,772dollars as filed
ASTRONICS CORP COM046433108Stock102,244$5,545,715dollars as filed
EW SCRIPPS CO THE A811054402COMMON STOCK1,385,920$5,529,820dollars as filed
UTAH MEDICAL PRODUCTS INC917488108COMMON STOCK93,615$5,238,695dollars as filed
NAVIGATOR HLDGS LTD SHSY62132108Stock301,212$5,216,992dollars as filed
KEWAUNEE SCIENTIFIC CP492854104COMM121,863$4,558,895dollars as filed
UNIFI INC904677200COM NEW1,222,420$4,278,471dollars as filed
CAMDEN NATIONAL CORP133034108COMMON STOCK89,568$3,885,460dollars as filed
PATHFINDER BANCORP INC MD70319R109COM262,204$3,699,699dollars as filed
CRAWFORD &amp CO224633107COM288,178$3,089,268dollars as filed
FREIGHTCAR AMER INC357023100COM267,046$2,956,199dollars as filed
SIFCO INDS INC826546103COM488,984$2,728,530dollars as filed
FOSTER LB CO A350060109COMMON STOCK83,965$2,262,857dollars as filed
CONTANGO SILVER GOLD INC21077F100COMMON STOCK76,147$2,011,042dollars as filed
NI HOLDINGS INC65342T106COMMON STOCK129,900$1,727,670dollars as filed
MID PENN BANCORP INC59540G107COMMON STOCK54,177$1,680,571dollars as filed
CITIZENS FINL GROUP INC COM174610105Stock21,485$1,254,939dollars as filed
EASTERN BANKSHARES INC COM27627N105Stock62,576$1,153,276dollars as filed
F N B CORP302520101COM64,075$1,095,683dollars as filed
DORMAN PRODS INC258278100COM8,590$1,058,202dollars as filed
UNISYS CORP909214306COMMON STOCK345,347$953,158dollars as filed
DONEGAL GROUP INC CL A257701201COMMON STOCK46,490$928,871dollars as filed
THRYV HLDGS INC886029206COM NEW148,329$897,390dollars as filed
ECB BANCORP INC26828M106COMMON STOCK49,940$868,457dollars as filed
CITIZENS NORTHERN CORP172922106COMMON STOCK42,900$865,293dollars as filed
CENTRAL PLAINS BANCSHARES IN15486W100COM49,117$831,060dollars as filed
UNITED STS LIME & MINERALS I911922102COM6,250$748,375dollars as filed
MARATHON BANCORP INC565759206COM NEW58,976$717,148dollars as filed
FIRST BANK HAMILTON NJ31931U102COMMON STOCK41,143$677,214dollars as filed
FMC CORP COM NEW302491303Stock48,000$665,760dollars as filed
LAKE SHORE BANCORP INC510704109COM44,259$648,837dollars as filed
HORIZON BANCORP IND440407104COM35,052$594,482dollars as filed
SOUTHSTATE BK CORP COM84472E102Stock5,661$532,757dollars as filed
COLUMBIA FINANCIAL INC197641103COMMON STOCK33,794$525,159dollars as filed
FIRST SVGS FINL GROUP INC33621E109COM16,221$516,801dollars as filed
KELLY SVCS INC488152208CL A58,400$513,920dollars as filed
ASCENT INDUSTRIES CO871565107COM30,415$492,419dollars as filed
NORTHWEST BANCSHARES INC COM667340103Stock38,000$456,000dollars as filed
CITIZENS FINANCIAL SERVICES174615104COMMON STOCK7,881$449,375dollars as filed
PB BANKSHARES INC69318V103COM20,560$434,844dollars as filed
FIRST COMWLTH FINL CORP PA319829107COM25,560$430,942dollars as filed
RICHMOND MUTUAL BANCORPORATI76525P100COMMON STOCK30,224$424,345dollars as filed
EAGLE BANCORP MONTANA INC26942G100COMMON STOCK21,098$419,850dollars as filed
PROASSURANCE CORP74267C106COM17,234$416,373dollars as filed
NORWOOD FINANCIAL CORP669549107COMMON STOCK13,681$383,752dollars as filed
COMMUNITY FINANCIAL SYSTEM I203607106COM6,618$380,138dollars as filed
FIRST MERCHANTS CORP COM320817109Stock9,875$370,115dollars as filed
SAGA COMMUNICATIONS INC786598300CL A NEW31,831$364,465dollars as filed
DONEGAL GROUP INC257701300CL B17,856$315,873dollars as filed
DELUXE CORP MEDIUM TERM NTS COM248019101Stock13,900$310,387dollars as filed
AMERISERV FINL INC03074A102COM58,200$185,658dollars as filed

Amendment chain

FilingRoleFiledAcceptedIngested
13F-HR 0001420506-26-000218this filing2026-02-09acceptance time not in the bulk data set