Minerva Advisors’s Hallador Energy HNRG Stock Holding History

Minerva Advisors’s Portfolio HNRG Stock Details HNRG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-16,720	Closed	-$185K	–	72
2014 Q4	$185K	Hold	16,720	–	–	0.1%	68
2014 Q3	$198K	Sell	16,720 -2,700	-14%	-$34.6K	0.12%	66
2014 Q2	$184K	Hold	19,420	–	–	0.1%	68
2014 Q1	$165K	Buy	+19,420	New	+$159K	0.1%	71

Other funds holding HNRG

Lubar & Co Milwaukee, Wisconsin $126M AUM

Killen Group Berwyn, Pennsylvania $866M AUM 0.25% 1-Year Est. Return

CSC

Cove Street Capital El Segundo, California $76.6M AUM 36% 1-Year Est. Return

PCM

Perritt Capital Management Chicago, Illinois $59.8M AUM 26.94% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

BCM

Bridgeway Capital Management Houston, Texas $4.97B AUM 44.96% 1-Year Est. Return

Minerva Advisors's HNRG Position: Q1 2015 in Review

Minerva Advisors sold out of Hallador Energy (HNRG) in Q1 2015, closing a stake of 16,720 shares — an estimated $185K sold.

Minerva Advisors first reported a position in HNRG in Q1 2014 and held it in 4 quarters. The position peaked at $198K in Q3 2014. 69 funds tracked by Wall St. Rank hold HNRG as of Q1 2015.

Minerva Advisors reported no remaining Hallador Energy position as of Q1 2015 after selling out during the quarter.
Minerva Advisors sold 16,720 Hallador Energy shares in Q1 2015, an estimated $185K.
Minerva Advisors first reported a position in Hallador Energy in Q1 2014 and held it in 4 quarters.
Minerva Advisors's Hallador Energy position peaked at $198K in Q3 2014.
69 funds tracked by Wall St. Rank held Hallador Energy as of Q1 2015.

Based on Minerva Advisors's 13F filing for Q1 2015, filed 15 May 2015.