Minerva Advisors LLC

Q3 2026 13F-HR Holdings

Location
Bala Cynwyd, PA
Holdings as of
9/30/2026
Date filed
11/13/2026
Form type
13F-HR
Num holdings
46
Total value ($000)
$157,794
Net value change ($000)
-483 (-0.3%)
New positions
1
Sold out positions
1
Turnover %
1.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
INFU 4,561 35.0%
UFI 2,445 40.9%
NVGS 1,000 18.1%
KELYA 995 32.0%
VIRC 590 6.3%
UTMD 474 7.3%
CRD-A 380 12.6%
PBHC 262 6.3%
RAIL 235 6.4%
CLAR 212 NEW
Top Reduces (Value $000, Stocks/ETFs)
EML -2,180 -14.3%
CLBK -1,895 -100.0%
TG -1,799 -13.6%
DLHC -1,707 -29.1%
ATRO -1,032 -23.1%
FSTR -618 -20.1%
SIF -539 -5.1%
UIS -466 -36.9%
THRY -350 -61.5%
SSP -312 -6.1%
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