Minerva Advisors LLC

Q2 2026 13F-HR Holdings

Location
Bala Cynwyd, PA
Holdings as of
6/30/2026
Date filed
8/12/2026
Form type
13F-HR
Num holdings
46
Total value ($000)
$158,277
Net value change ($000)
+3,365 (2.2%)
New positions
0
Sold out positions
2
Turnover %
11.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/12/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q1 2026
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 4,265 66.7%
EML 4,158 37.6%
INFU 1,900 17.1%
UFI 1,486 33.1%
KELYA 1,341 75.8%
CLBK 1,303 220.1%
RAIL 974 35.8%
ESCA 906 9.3%
PBHC 818 24.4%
FSTR 725 30.9%
Top Reduces (Value $000, Stocks/ETFs)
GLDD -17,505 -100.0%
DLHC -617 -9.5%
SSP -602 -10.6%
PRA -426 -100.0%
ATRO -221 -4.7%
NVGS -208 -3.6%
CTGO -176 -15.7%
DLX -51 -13.3%
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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type