Hedge Fund - Minerva Advisors

Founded in Q4 of 2002, Minerva Advisors is a Pennsylvania-based hedge fund managed by David Cohen. Specializing in equity investments, the firm focuses on publicly traded U.S. micro-cap and small-cap value companies. Minerva Advisors employs a diverse range of investment strategies including long bias, market dislocation exploitation, event-driven, long-short strategy, thrift conversions, merger arbitrage, and capital structure arbitrage.

David P. Cohen serves as President & Chief Compliance Officer at Minerva Advisors LLC, where he oversees portfolio management and investment research, specializing in small-cap and micro-cap U.S. and foreign publicly traded companies, with a focus on the industrial and financial sectors. He is the managing and sole member of Minerva. Previously, from 1988 to 2011, Cohen founded and served as President of Athena Capital Management, Inc., which later merged with Minerva. He began his career as a research analyst and portfolio manager at a Philadelphia-based investment partnership from 1984 to 1988. Cohen also brings board experience, having served on the board of directors of CampusWorks, Inc. since 2011, and on the board of Penn-America Group, a publicly held insurance company, from 1993 to 1997. He earned his undergraduate degree from Haverford College.

Minerva Advisors is a hedge fund managing discretionary assets totaling $296,546,892, as reported in their Form ADV filed on March 2024. Serving 7 clients, their most recent 13F filing for Q1 2024 disclosed $163,322,599 in managed 13F securities, with a top ten holdings concentration of 62.67%. The fund's largest holding is in Universal Stainless & Alloy Products Inc, with 772,845 shares held.