Minerva Advisors LLC

Q1 2025 13F Holdings Report, Stock Holdings

Signature - Title
Beth N. Lowson - Attorney-In-Fact for David P. Cohen, President of Minerva
Location
Bala Cynwyd, PA
Holdings as of
March 31, 2025
Value $
$141M
Num holdings
55
Date filed
5/8/2025, 04:41 PM
Form type
13F-HR
Description
All US holdings of this investor are reported in this report. Top holdings included EML, TG, GLDD, VIRC, and ATRO.
Previous filing
Q4 2024 - Feb 4, 2025
This filing has been restated, see here for the amended filing
Filing 2025 Q1 compared to 2024 Q4 by default.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Beth N. Lowson Attorney-In-Fact for David P. Cohen, President of Minerva Providence, Rhode Island 5/2/2025

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.