Equal-WT
WhaleScore 2.0
?
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 2024-06-12). Their last reported 13F filing for Q4 2024 included $170,958,664 in managed 13F securities
and a top 10 holdings concentration of 61.95%. Minerva Advisors's largest holding is Universal Stainless & Alloy Products Inc with shares held of 391,487. Whalewisdom has at least 63 13F filings, 3 13D filings, 113 13G filings, and 1 Form 4 filings
Business Description
Minerva Advisors, LLC ("the Advisor") provides investment advisory services to clients through separately managed accounts ("the separate accounts") and to the Minerva Group, L.P. ("Fund"). The Advisor was formed on November 7, 2002, to provide investment advisory services. The Fund was formed to pursue certain investment strategies including, but not limited to, investment in equity securities of publicly traded U.S. micro-cap value companies and small-cap value companies. The Advisor and the Fund began operations on February 1, 2003.
The Advisor's primary investment strategy is making investments in equity securities of publicly traded U.S. micro-cap value companies and small-cap value companies. The Advisor’s separate account clients consist of high-net-worth individuals and family partnerships. The Advisor and its affiliates also provide discretionary investment advisory services to the Fund and SPV, which are pooled investment vehicles.
Investment Strategy
The Advisor's primary investment strategy involves investing in equity securities of publicly traded U.S. micro-cap value companies and small-cap value companies. The fund is authorized to purchase debt securities, debt obligations, and derivative securities of such companies. While the Advisor seeks to manage a diversified portfolio, the Fund has no specific diversification policy, potentially leading to concentrated investments in specific industries, companies, or geographic regions.
The Advisor also employs a long strategy, purchasing securities, generally equities or fixed income instruments, believed to be undervalued relative to a company’s underlying assets and/or ability to generate earnings and free cash flow. This involves intensive review of financial statements and conversations with corporate management. While the focus is on small and microcap companies, the Advisor can invest in larger domestic and foreign companies if market conditions are attractive. The Advisor has the authority to use other strategies as market conditions dictate.
Owners
- COHEN, DAVID, PETER - MEMBER, PRESIDENT,CHIEF COMPLIANCE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
(Subscription Required)
Other Contact Information
(Subscription Required)
2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| KEQU Kewaunee Scientific | 1.88% |
| UTMD Utah Medical Product | 1.19% |
| DLHC DLH Holdings Corp | 0.53% |
| SIF SIFCO Industries Inc | -0.12% |
| UFI Unifi, Inc | -0.32% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| RAIL Freightcar America I | 1.48% |
| SGA Saga Communications | 0.44% |
| THRY Thryv Holdings Inc | 0.3% |
| SSP EW Scripps Company C | 0.03% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| USAP Universal Stainless | 10.09% |
| GLDD Great Lakes Dredge & | 8.85% |
| EML Eastern Co | 7.78% |
| TG Tredegar Corp | 7.44% |
| VIRC Virco Manufacturing | 6.94% |
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.
2024-12-31
13F Activity
| Market Value | $171m, Prior: $173m |
| Inflows (Outflows) as % of Total MV | +0.8625% |
| New Purchases | 0 stocks |
| Added To | 7 stocks |
| Sold out of | 0 stocks |
| Reduced holdings in | 6 stocks |
| Top 10 Holdings % | 61.95% |
| Turnover %[1] | 0% |
| Turnover Alt %[2] | 2.35% |
| Time Held Top 20 | 25.1 quarters |
| Time Held Top 10 | 14.7 quarters |
| Time Held All | 33.39 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.
2024-12-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31