Minerva Advisors LLC
Minerva Advisors LLC is an independent investment management firm headquartered in Bala Cynwyd, Pennsylvania. Founded in 2005, the firm manages assets for institutional investors and high net worth individuals, specializing in value-oriented strategies targeting small and micro-cap equities. It operates with a lean team of 3 professionals, led by David P. Cohen, focusing on generating alpha through deep fundamental research and active portfolio management.
Investment Strategy
Minerva Advisors LLC applies a value-driven investment approach, concentrating on undervalued, overlooked small and micro-cap public companies. The firm employs rigorous bottom-up fundamental analysis to identify stocks trading below intrinsic value, often engaging with management to unlock shareholder value. Their strategies can include activism, corporate governance improvements, and event-driven opportunities, with thorough diligence guiding investment decisions.
Latest 13F Filing Activity
Minerva Advisors LLC filed their most recent 13F report on Jun 30, 2025 disclosing 55 equity positions with a total 13F market value of $153M. The fund increased holdings in Great Lakes Dredge & Dock Co., DLH Holdings Corp., THRYV Holdings Iinc among other positions. Minerva Advisors LLC reduced exposure to Astronics Corp., Village Bank & Trust Fin Co., Virco Manufacturing Co. among others.
Top Holdings
Equity Positions (55)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GLDD | GREAT LAKES DREDGE & DOCK CO | 11.09% | $16.9M | 1,389,807 | $6.52 | $12.19 | +$4.8M |
T TG | TREDEGAR CORP | 9.56% | $14.6M | 1,657,107 | $6.91 | $8.80 | +$1.8M |
E EML | EASTERN CO | 7.85% | $12.0M | 525,053 | $17.93 | $22.82 | -$829.9K |
V VIRC | VIRCO MANUFACTURING CO | 6.71% | $10.2M | 1,283,516 | $4.25 | $7.98 | -$1.2M |
A ATRO | ASTRONICS CORP | 5.61% | $8.6M | 255,905 | $12.15 | $33.48 | -$2.6M |