BALA CYNWYD PA Investment Advisor Hedge Fund
13F Summary

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S&P 500
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Minerva Advisors is based out of Bala Cynwyd. Minerva Advisors is a hedge fund with 7 clients and discretionary assets under management (AUM) of $296,546,892 (Form ADV from 2024-03-29). Their last reported 13F filing for Q1 2024 included $163,322,599 in managed 13F securities and a top 10 holdings concentration of 62.67%. Minerva Advisors's largest holding is Universal Stainless & Alloy Products Inc with shares held of 772,845. Whalewisdom has at least 60 13F filings, 3 13D filings, 109 13G filings, and 1 Form 4 filings


Top Buys (13F)


Top Sells (13F)


13F Holdings Summary

Name $ Change
USAP Universal Stainless 10.58%
EML Eastern Co 10.03%
VIRC Virco Manufacturing 7.5%
GLDD Great Lakes Dredge & 7.02%
TG Tredegar Corp. 5.97%
In the Information Table, shares reported as "SOLE" under Column 6 and Column 8 are held by Minerva Group, LP, a private fund managed by Minerva Advisors LLC. Shares reported as "OTR" under Column 6 and "SHARED" under Column 8 relate to managed accounts for which Minerva Advisors LLC is the investment advisor.


13F Activity

Market Value $163m, Prior: $160m
Inflows (Outflows) as % of Total MV (-0.0826)%
New Purchases 1 stocks
Added To 9 stocks
Sold out of 1 stocks
Reduced holdings in 9 stocks
Top 10 Holdings % 62.67%
Turnover %[1] 3.33%
Turnover Alt %[2] 2.38%
Time Held Top 20 22.95 quarters
Time Held Top 10 12.1 quarters
Time Held All 30.53 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.


13F Sector Allocation Over Time



Top 20 equal-weighted holdings. Performance numbers calculated through 2024-03-31

Portfolio Performance