MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+15.19%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$173M
AUM Growth
+$173M
Cap. Flow
-$5.9M
Cap. Flow %
-3.42%
Top 10 Hldgs %
52.46%
Holding
83
New
1
Increased
10
Reduced
7
Closed
8

Top Buys

1
NVGS icon
Navigator Holdings
NVGS
$9.57M
2
MASC
MATERIAL SCIENCES CORP
MASC
$1.07M
3
ISBC
Investors Bancorp, Inc.
ISBC
$646K
4
APAGF
APCO OIL AND GAS INTERNATIONAL INC
APAGF
$287K
5
PMFG
PMFG INC COM STK (DE)
PMFG
$262K

Top Sells

1
GCOM
GLOBECOMM SYSTEMS INC
GCOM
$5.69M
2
BLC
BELO CORP SER A
BLC
$5.61M
3
MPAC
MOD-PAC CORP
MPAC
$1.57M
4
KS
KapStone Paper and Pack Corp.
KS
$1.45M
5
ATRO icon
Astronics
ATRO
$1.27M

Sector Composition

1 Industrials 27.72%
2 Materials 15.43%
3 Communication Services 10.64%
4 Financials 10.32%
5 Consumer Discretionary 5.59%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
ONVI
26
DELISTED
Onvia, Inc.
ONVI
$1.9M 1.1%
402,553
– –
RLOG
27
DELISTED
Rand Logistics, Inc.
RLOG
$1.76M 1.02%
305,540
– –
ASML icon
28
ASML
ASML
$290B
$1.57M 0.91%
16,761
– –
CIMT
29
DELISTED
CIMATRON LTD ORD SHS
CIMT
$1.52M 0.88%
168,774
– –
CHFN
30
DELISTED
Charter Financial Corp
CHFN
$1.5M 0.87%
139,658
– –
PRA icon
31
ProAssurance
PRA
$1.22B
$1.38M 0.8%
28,358
– –
MLVF
32
DELISTED
Malvern Bancorp, Inc.
MLVF
$1.3M 0.75%
120,000
– –
CNBKA
33
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.2M 0.7%
36,113
– –
PBHC icon
34
Pathfinder Bancorp
PBHC
$92.3M
$1.18M 0.68%
92,494
– –
WPX
35
DELISTED
WPX Energy, Inc.
WPX
$1.18M 0.68%
57,800
– –
AP icon
36
Ampco-Pittsburgh
AP
$58.5M
$1.15M 0.66%
58,900
– –
TSH
37
DELISTED
TECHE HOLDING CO
TSH
$1.11M 0.64%
22,300
– –
NWBI icon
38
Northwest Bancshares
NWBI
$1.84B
$1.09M 0.63%
73,625
– –
USAP
39
DELISTED
Universal Stainless & Alloy
USAP
$1.07M 0.62%
29,700
– –
ISBC
40
DELISTED
Investors Bancorp, Inc.
ISBC
$930K 0.54%
36,354
+25,239
+227% +$646K
AGX icon
41
Argan
AGX
$3.1B
$789K 0.46%
28,654
-13,307
-32% -$366K
EEI
42
DELISTED
Ecology and Environment
EEI
$780K 0.45%
70,874
– –
OBAF
43
DELISTED
OBA FINL SVCS INC COM STK (MD)
OBAF
$641K 0.37%
35,400
– –
JXSB
44
DELISTED
Jacksonville Bancorp Inc
JXSB
$607K 0.35%
31,145
– –
CBU icon
45
Community Bank
CBU
$3.14B
$553K 0.32%
13,938
– –
PWX
46
DELISTED
Providence & Worcester Railroad Company
PWX
$524K 0.3%
27,000
– –
MFSF
47
DELISTED
MutualFirst Financial Inc
MFSF
$524K 0.3%
30,926
– –
DGICB
48
Donegal Group Class B
DGICB
$543M
$477K 0.28%
21,506
– –
MTSL
49
DELISTED
MER TELEMANAGEMENT SOLUTNS LTD
MTSL
$455K 0.26%
177,183
– –
KIM icon
50
Kimco Realty
KIM
$15.2B
$444K 0.26%
22,500
– –
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