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Minerva Advisors LLC

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13F filer, CIK 1541536, BALA CYNWYD, PA

Minerva Advisors LLC reported $157,451,396 across 56 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 61.64% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-003135

Period
2025-09-30
Reported value
$157M
Holdings
56
Top 10 weight
61.64%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VIRCadded+78,986$612K
LSBKnew+44,259$575K
SSBnew+5,661$560K
RAILadded+39,541$387K
INFUadded+31,008$321K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ATROreduced-60,864-$2.78M
SouthState Corpexited-5,661-$521K
LAKE SHORE BANCORP INCexited-30,474-$481K
CFGreduced-2,100-$112K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001420506-25-003135, largest first. % of portfolio is the value over $157,451,396, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GLDDGREAT LAKES DREDGE & DOCK COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,341,807 shares; 2024Q4: 1,341,807 shares; 2025Q1: 1,389,807 shares; 2025Q2: 1,389,807 shares; 2025Q3: 1,389,807 shares 1,389,807$16.7M10.58%0Timeline
TGTREDEGAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,663,107 shares; 2024Q4: 1,657,107 shares; 2025Q1: 1,657,107 shares; 2025Q2: 1,657,107 shares; 2025Q3: 1,657,107 shares 1,657,107$13.3M8.45%0Timeline
EMLEASTERN COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 497,210 shares; 2024Q4: 500,978 shares; 2025Q1: 505,987 shares; 2025Q2: 525,053 shares; 2025Q3: 530,053 shares 530,053$12.4M7.9%+5,000Timeline
INFUINFUSYSTEM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 846,851 shares; 2024Q4: 846,851 shares; 2025Q1: 910,677 shares; 2025Q2: 994,781 shares; 2025Q3: 1,025,789 shares 1,025,789$10.6M6.75%+31,008Timeline
VIRCVIRCO MFG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,101,689 shares; 2024Q4: 1,162,589 shares; 2025Q1: 1,210,455 shares; 2025Q2: 1,283,516 shares; 2025Q3: 1,362,502 shares 1,362,502$10.6M6.71%+78,986Timeline
ATROASTRONICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 463,105 shares; 2024Q4: 463,105 shares; 2025Q1: 463,105 shares; 2025Q2: 255,905 shares; 2025Q3: 195,041 shares 195,041$8.9M5.65%-60,864Timeline
ESCAESCALADE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 537,814 shares; 2024Q4: 537,814 shares; 2025Q1: 537,814 shares; 2025Q2: 537,814 shares; 2025Q3: 550,192 shares 550,192$6.92M4.39%+12,378Timeline
DLHCDLH HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 636,377 shares; 2024Q4: 847,592 shares; 2025Q1: 1,018,397 shares; 2025Q2: 1,110,743 shares; 2025Q3: 1,116,802 shares 1,116,802$6.31M4.01%+6,059Timeline
UTMDUTAH MED PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,328 shares; 2024Q4: 78,389 shares; 2025Q1: 86,902 shares; 2025Q2: 93,058 shares; 2025Q3: 93,058 shares 93,058$5.86M3.72%0Timeline
UFIUNIFI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 810,228 shares; 2024Q4: 855,241 shares; 2025Q1: 907,774 shares; 2025Q2: 1,085,209 shares; 2025Q3: 1,152,481 shares 1,152,481$5.49M3.48%+67,272Timeline
NVGSNAVIGATOR HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 306,212 shares; 2024Q4: 306,212 shares; 2025Q1: 301,212 shares; 2025Q2: 301,212 shares; 2025Q3: 301,212 shares 301,212$4.67M2.96%0Timeline
PBHCPATHFINDER BANCORP INC MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 262,204 shares; 2024Q4: 262,204 shares; 2025Q1: 262,204 shares; 2025Q2: 262,204 shares; 2025Q3: 262,204 shares 262,204$4.11M2.61%0Timeline
CACCAMDEN NATL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,568 shares; 2024Q4: 89,568 shares; 2025Q1: 89,568 shares; 2025Q2: 89,568 shares; 2025Q3: 89,568 shares 89,568$3.46M2.2%0Timeline
KEQUKEWAUNEE SCIENTIFIC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,182 shares; 2024Q4: 109,493 shares; 2025Q1: 73,765 shares; 2025Q2: 77,442 shares; 2025Q3: 80,274 shares 80,274$3.42M2.17%+2,832Timeline
SSPSCRIPPS E W CO OHIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,192,441 shares; 2024Q4: 1,167,842 shares; 2025Q1: 1,259,842 shares; 2025Q2: 1,259,842 shares; 2025Q3: 1,385,920 shares 1,385,920$3.41M2.17%+126,078Timeline
SIFSIFCO INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 423,889 shares; 2024Q4: 466,751 shares; 2025Q1: 466,751 shares; 2025Q2: 466,901 shares; 2025Q3: 466,901 shares 466,901$3.29M2.09%0Timeline
SGASAGA COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 230,478 shares; 2024Q4: 226,688 shares; 2025Q1: 226,688 shares; 2025Q2: 226,688 shares; 2025Q3: 226,688 shares 226,688$2.82M1.79%0Timeline
CRD-BCRAWFORD & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 276,688 shares; 2024Q4: 276,688 shares; 2025Q1: 276,688 shares; 2025Q2: 281,688 shares; 2025Q3: 288,334 shares 288,334$2.82M1.79%+6,646Timeline
RAILFREIGHTCAR AMER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 419,104 shares; 2024Q4: 219,005 shares; 2025Q1: 219,005 shares; 2025Q2: 219,005 shares; 2025Q3: 258,546 shares 258,546$2.53M1.61%+39,541Timeline
THRYTHRYV HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,829 shares; 2024Q4: 223,829 shares; 2025Q1: 202,329 shares; 2025Q2: 202,329 shares; 2025Q3: 202,329 shares 202,329$2.44M1.55%0Timeline
FSTRFOSTER L B COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,798 shares; 2024Q4: 79,798 shares; 2025Q1: 79,798 shares; 2025Q2: 83,965 shares; 2025Q3: 83,965 shares 83,965$2.26M1.44%0Timeline
CTGOCONTANGO SILVER & GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,147 shares; 2024Q4: 70,147 shares; 2025Q1: 70,147 shares; 2025Q2: 76,147 shares; 2025Q3: 76,147 shares 76,147$1.9M1.21%0Timeline
NODKNI HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,900 shares; 2024Q4: 129,900 shares; 2025Q1: 129,900 shares; 2025Q2: 129,900 shares; 2025Q3: 129,900 shares 129,900$1.76M1.12%0Timeline
MPBMID PENN BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,732 shares; 2024Q4: 51,732 shares; 2025Q1: 51,732 shares; 2025Q2: 54,177 shares; 2025Q3: 54,177 shares 54,177$1.55M0.99%0Timeline
UISUNISYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 345,347 shares; 2024Q4: 345,347 shares; 2025Q1: 345,347 shares; 2025Q2: 345,347 shares; 2025Q3: 345,347 shares 345,347$1.35M0.86%0Timeline
DORMDORMAN PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,590 shares; 2024Q4: 8,590 shares; 2025Q1: 8,590 shares; 2025Q2: 8,590 shares; 2025Q3: 8,590 shares 8,590$1.34M0.85%0Timeline
HARBORONE BANCORP INC NEWHARBORONE BANCORP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,414 shares; 2024Q4: 88,414 shares; 2025Q1: 88,414 shares; 2025Q2: 88,414 shares; 2025Q3: 88,414 shares 88,414$1.2M0.76%0
CFGCITIZENS FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,585 shares; 2024Q4: 23,585 shares; 2025Q1: 23,585 shares; 2025Q2: 23,585 shares; 2025Q3: 21,485 shares 21,485$1.14M0.73%-2,100Timeline
FNBF N B CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 64,075 shares; 2024Q4: 64,075 shares; 2025Q1: 64,075 shares; 2025Q2: 64,075 shares; 2025Q3: 64,075 shares 64,075$1.03M0.66%0Timeline
DGICADONEGAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,490 shares; 2024Q4: 46,490 shares; 2025Q1: 46,490 shares; 2025Q2: 46,490 shares; 2025Q3: 46,490 shares 46,490$901K0.57%0Timeline
CZNCCITIZENS & NORTHN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,900 shares; 2024Q4: 42,900 shares; 2025Q1: 42,900 shares; 2025Q2: 42,900 shares; 2025Q3: 42,900 shares 42,900$850K0.54%0Timeline
USLMUNITED STS LIME & MINERALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,250 shares; 2024Q4: 6,250 shares; 2025Q1: 6,250 shares; 2025Q2: 6,250 shares; 2025Q3: 6,250 shares 6,250$822K0.52%0Timeline
CPBICENTRAL PLAINS BANCSHARES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,117 shares; 2024Q4: 49,117 shares; 2025Q1: 49,117 shares; 2025Q2: 49,117 shares; 2025Q3: 49,117 shares 49,117$801K0.51%0Timeline
ECBKECB BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,440 shares; 2024Q4: 36,440 shares; 2025Q1: 49,940 shares; 2025Q2: 49,940 shares; 2025Q3: 49,940 shares 49,940$793K0.5%0Timeline
FRBAFIRST BK WILLIAMSTOWN NEW JEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,143 shares; 2024Q4: 41,143 shares; 2025Q1: 41,143 shares; 2025Q2: 41,143 shares; 2025Q3: 41,143 shares 41,143$670K0.43%0Timeline
MBBCMARATHON BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 54,718 shares; 2025Q3: 58,976 shares 58,976$615K0.39%+4,258Timeline
LSBKLAKE SHORE BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 44,259 shares 44,259$575K0.37%newTimeline
HBNCHORIZON BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,052 shares; 2024Q4: 35,052 shares; 2025Q1: 35,052 shares; 2025Q2: 35,052 shares; 2025Q3: 35,052 shares 35,052$561K0.36%0Timeline
SSBSOUTHSTATE BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,661 shares 5,661$560K0.36%newTimeline
KELYAKELLY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares 40,000$525K0.33%0Timeline
FSFGFIRST SVGS FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,221 shares; 2024Q4: 16,221 shares; 2025Q1: 16,221 shares; 2025Q2: 16,221 shares; 2025Q3: 16,221 shares 16,221$510K0.32%0Timeline
CLBKCOLUMBIA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,794 shares; 2024Q4: 33,794 shares; 2025Q1: 33,794 shares; 2025Q2: 33,794 shares; 2025Q3: 33,794 shares 33,794$507K0.32%0Timeline
CZFSCITIZENS FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,803 shares; 2024Q4: 7,803 shares; 2025Q1: 7,803 shares; 2025Q2: 7,881 shares; 2025Q3: 7,881 shares 7,881$475K0.3%0Timeline
NWBINORTHWEST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,000 shares; 2024Q4: 38,000 shares; 2025Q1: 38,000 shares; 2025Q2: 38,000 shares; 2025Q3: 38,000 shares 38,000$471K0.3%0Timeline
FCFFIRST COMWLTH FINL CORP PAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,560 shares; 2024Q4: 25,560 shares; 2025Q1: 25,560 shares; 2025Q2: 25,560 shares; 2025Q3: 25,560 shares 25,560$436K0.28%0Timeline
RMBIRICHMOND MUT BANCORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 30,000 shares; 2025Q1: 30,000 shares; 2025Q2: 30,000 shares; 2025Q3: 30,000 shares 30,000$426K0.27%0Timeline
PRAPROASSURANCE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,234 shares; 2024Q4: 17,234 shares; 2025Q1: 17,234 shares; 2025Q2: 17,234 shares; 2025Q3: 17,234 shares 17,234$413K0.26%0Timeline
PB BANKSHARES INCPB BANKSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,560 shares; 2024Q4: 20,560 shares; 2025Q1: 20,560 shares; 2025Q2: 20,560 shares; 2025Q3: 20,560 shares 20,560$394K0.25%0
ACNTASCENT INDUSTRIES COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,415 shares; 2024Q4: 30,415 shares; 2025Q1: 30,415 shares; 2025Q2: 30,415 shares; 2025Q3: 30,415 shares 30,415$392K0.25%0Timeline
CBUCOMMUNITY FINANCIAL SYSTEM IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,618 shares; 2024Q4: 6,618 shares; 2025Q1: 6,618 shares; 2025Q2: 6,618 shares; 2025Q3: 6,618 shares 6,618$388K0.25%0Timeline
FRMEFIRST MERCHANTS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,875 shares; 2024Q4: 9,875 shares; 2025Q1: 9,875 shares; 2025Q2: 9,875 shares; 2025Q3: 9,875 shares 9,875$372K0.24%0Timeline
EBMTEAGLE BANCORP MONT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,098 shares; 2024Q4: 21,098 shares; 2025Q1: 21,098 shares; 2025Q2: 21,098 shares; 2025Q3: 21,098 shares 21,098$364K0.23%0Timeline
NWFLNORWOOD FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,681 shares; 2024Q4: 13,681 shares; 2025Q1: 13,681 shares; 2025Q2: 13,681 shares; 2025Q3: 13,681 shares 13,681$348K0.22%0Timeline
DGICBDONEGAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,856 shares; 2024Q4: 17,856 shares; 2025Q1: 17,856 shares; 2025Q2: 17,856 shares; 2025Q3: 17,856 shares 17,856$286K0.18%0Timeline
DLXDELUXE CORP MEDIUM TERM NTSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,900 shares; 2024Q4: 13,900 shares; 2025Q1: 13,900 shares; 2025Q2: 13,900 shares; 2025Q3: 13,900 shares 13,900$269K0.17%0Timeline
ASRVAMERISERV FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,200 shares; 2024Q4: 58,200 shares; 2025Q1: 58,200 shares; 2025Q2: 58,200 shares; 2025Q3: 58,200 shares 58,200$169K0.11%0Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SouthState CorpSouthState Corp5,661$521Kshares
LAKE SHORE BANCORP INCLAKE SHORE BANCORP INC30,474$481Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-003135 base2025-11-12acceptance time not in the bulk data set