Minerva Advisors LLC

Q1 2026 13F-HR Holdings

Location
Bala Cynwyd, PA
Holdings as of
3/31/2026
Date filed
5/12/2026
Form type
13F-HR
Num holdings
49
Total value ($000)
$154,912
Net value change ($000)
+5,195 (3.5%)
New positions
0
Sold out positions
9
Turnover %
3.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/9/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SIF 3,668 134.4%
ESCA 2,089 27.3%
INFU 1,438 14.9%
TG 1,344 11.3%
KELYA 1,254 244.0%
EML 641 6.2%
UTMD 564 10.8%
FRME 546 147.6%
NVGS 509 9.8%
NWFL 457 119.0%
Top Reduces (Value $000, Stocks/ETFs)
DORM -1,058 -100.0%
CTGO -893 -44.4%
ATRO -852 -15.4%
USLM -748 -100.0%
GLDD -729 -4.0%
SSB -533 -100.0%
FSFG -517 -100.0%
THRY -502 -56.0%
ACNT -492 -100.0%
CZFS -449 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type