Minerva Advisors 13F annual report
Minerva Advisors is an investment fund managing more than $150 billion ran by Beth Lowson. There are currently 56 companies in Mrs. Lowson’s portfolio. The largest investments include Virco Manufacturing and Universal Stainless Alloy, together worth $29.9 billion.
$150 billion Assets Under Management (AUM)
As of 5th August 2024, Minerva Advisors’s top holding is 1,119,020 shares of Virco Manufacturing currently worth over $15.6 billion and making up 10.4% of the portfolio value.
Relative to the number of outstanding shares of Virco Manufacturing, Minerva Advisors owns less than approximately 0.1% of the company.
In addition, the fund holds 524,771 shares of Universal Stainless Alloy worth $14.3 billion.
The third-largest holding is Eastern Co worth $12.5 billion and the next is Great Lakes Dredge Dock Co worth $11.6 billion, with 1,322,337 shares owned.
Currently, Minerva Advisors's portfolio is worth at least $150 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Minerva Advisors
The Minerva Advisors office and employees reside in Bala Cynwyd, Pennsylvania. According to the last 13-F report filed with the SEC, Beth Lowson serves as the Attorney-In-Fact for David P. Cohen, President of Minerva at Minerva Advisors.
Recent trades
In the most recent 13F filing, Minerva Advisors revealed that it had opened a new position in
Harbor One Bancorp Inc New and bought 88,414 shares worth $983 million.
The investment fund also strengthened its position in Virco Manufacturing by buying
21,681 additional shares.
This makes their stake in Virco Manufacturing total 1,119,020 shares worth $15.6 billion.
Virco Manufacturing dropped approximately 0.1% in the past year.
On the other hand, there are companies that Minerva Advisors is getting rid of from its portfolio.
Minerva Advisors closed its position in Ceco Environmental on 12th August 2024.
It sold the previously owned 90,158 shares for $1.83 billion.
Beth Lowson also disclosed a decreased stake in Universal Stainless Alloy by 0.3%.
This leaves the value of the investment at $14.3 billion and 524,771 shares.
One of the smallest hedge funds
The two most similar investment funds to Minerva Advisors are Syncona Portfolio Ltd and Archvest Wealth Advisors. They manage $150 billion and $150 billion respectively.
Beth Lowson investment strategy
Minerva Advisors’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Industrials — making up 40.1% of
the total portfolio value.
The fund focuses on investments in the United States as
48.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
9% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $622 million.
The complete list of Minerva Advisors trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Virco Manufacturing Corp. |
1.98%
1,119,020
|
$15,576,758,000 | 10.39% |
| Universal Stainless Alloy |
32.38%
524,771
|
$14,326,249,000 | 9.55% |
| Eastern Co. |
1.51%
499,024
|
$12,520,512,000 | 8.35% |
| Great Lakes Dredge Dock Co |
3.63%
1,322,337
|
$11,596,896,000 | 7.73% |
| Astronics Corp. |
No change
463,105
|
$9,257,469,000 | 6.17% |
| Tredegar Corp. |
17.68%
1,607,750
|
$7,701,122,000 | 5.13% |
| Escalade, Inc. |
No change
537,814
|
$7,271,245,000 | 4.85% |
| InfuSystem Holdings Inc |
No change
846,851
|
$5,767,055,000 | 3.85% |
| DLH Holdings Corp |
1.38%
512,581
|
$5,438,484,000 | 3.63% |
| Navigator Holdings Ltd |
9.58%
311,612
|
$5,437,629,000 | 3.63% |
| Kewaunee Scientific Cp |
38.08%
108,012
|
$5,027,959,000 | 3.35% |
| UNIFI, Inc. |
144.88%
728,486
|
$4,290,783,000 | 2.86% |
| Thryv Holdings Iinc |
No change
224,829
|
$3,999,708,000 | 2.67% |
| Saga Communications, Inc. |
0.18%
232,630
|
$3,617,397,000 | 2.41% |
| Pathfinder Bancorp, Inc. |
2.18%
262,204
|
$3,408,652,000 | 2.27% |
| Camden National Corp. |
No change
89,568
|
$2,952,161,000 | 1.97% |
| FreightCar America Inc |
0.09%
786,412
|
$2,720,986,000 | 1.81% |
| Scripps E W Co Ohio |
26.90%
802,960
|
$2,513,265,000 | 1.68% |
| Crawford Co Cl B |
3.28%
276,002
|
$2,359,818,000 | 1.57% |
| NI Holdings Inc |
No change
129,900
|
$1,987,470,000 | 1.33% |
| Ceco Environmental Corp. |
Closed
90,158
|
$1,825,700,000 | |
| Foster L B Co |
No change
79,798
|
$1,725,233,000 | 1.15% |
| Unisys Corp. |
No change
345,347
|
$1,426,283,000 | 0.95% |
| Contango Ore Inc |
No change
70,147
|
$1,251,423,000 | 0.83% |
| SIFCO Industries Inc. |
No change
378,608
|
$1,173,685,000 | 0.78% |
| Dorman Products Inc |
26.92%
12,490
|
$1,141,086,000 | 0.76% |
| Mid Penn Bancorp, Inc. |
No change
51,732
|
$1,128,274,000 | 0.75% |
| Harbor One Bancorp Inc New |
Opened
88,414
|
$983,164,000 | 0.66% |
| Starrett Ls |
Closed
73,237
|
$886,168,000 | |
| Village Bank Trust Fin Co |
No change
19,745
|
$883,786,000 | 0.59% |
| Fnb Corp |
No change
64,075
|
$876,546,000 | 0.58% |
| Citizens Finl Group Inc |
No change
23,585
|
$849,296,000 | 0.57% |
| Citizens Northern Corp |
No change
42,900
|
$760,188,000 | 0.51% |
| ICC Holdings Inc |
No change
33,367
|
$747,421,000 | 0.50% |
| Compx International, Inc. |
Closed
27,847
|
$703,972,000 | |
| Donegal Group Inc. |
No change
64,346
|
$795,382,000 | 0.53% |
| First Bank Williamstown Nj |
No change
41,143
|
$520,871,000 | 0.35% |
| Columbia Financial, Inc |
No change
33,794
|
$505,896,000 | 0.34% |
| Utal Med Prods Inc |
Opened
7,534
|
$502,744,000 | 0.34% |
| Central Plains Bancshares Inc |
67.09%
49,117
|
$496,573,000 | 0.33% |
| Ecb Bancorp Inc |
12.59%
36,440
|
$454,771,000 | 0.30% |
| Us Lime Mineral |
72.50%
1,250
|
$452,150,000 | 0.30% |
| Northwest Bancshares Inc |
No change
38,000
|
$438,900,000 | 0.29% |
| Horizon Bancorp Indiana |
No change
35,052
|
$433,243,000 | 0.29% |
| South State Corp |
No change
5,661
|
$432,387,000 | 0.29% |
| Lake Shore Bancorp, Inc. |
No change
30,118
|
$362,018,000 | 0.24% |
| First Commonwealth Financial Corp. |
No change
25,560
|
$352,984,000 | 0.24% |
| Richmond Mutual |
No change
30,000
|
$352,200,000 | 0.23% |
| Citizens Finl Svcs Inc |
1.00%
7,803
|
$350,667,000 | 0.23% |
| Norwood Financial Corp. |
No change
13,681
|
$342,709,000 | 0.23% |
| Ascent Industries |
37.20%
34,915
|
$334,486,000 | 0.22% |
| First Merchants Corp. |
No change
9,875
|
$328,541,000 | 0.22% |
| Community Bank Sys Inc |
No change
6,618
|
$312,237,000 | 0.21% |
| Deluxe Corp. |
No change
13,900
|
$312,194,000 | 0.21% |
| Pb Bancshares Inc |
No change
20,560
|
$282,289,000 | 0.19% |
| First Savings Financial Gp Inc |
No change
16,221
|
$282,245,000 | 0.19% |
| Eagle Bancorp Mont Inc |
No change
21,098
|
$277,228,000 | 0.18% |
| Proassurance Corporation |
No change
17,234
|
$210,599,000 | 0.14% |
| GSE Systems, Inc. |
Closed
77,341
|
$155,455,000 | |
| Ameriserv Financ Inc |
No change
58,200
|
$129,786,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 60 holdings | |||
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