MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+3.18%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$169M
AUM Growth
+$169M
Cap. Flow
+$3.29M
Cap. Flow %
1.95%
Top 10 Hldgs %
52.42%
Holding
81
New
6
Increased
9
Reduced
4
Closed
2

Top Buys

1
WSBF icon
Waterstone Financial
WSBF
$1.48M
2
FNB icon
FNB Corp
FNB
$448K
3
FRME icon
First Merchants
FRME
$258K
4
GLDD icon
Great Lakes Dredge & Dock
GLDD
$182K
5
HNRG icon
Hallador Energy
HNRG
$165K

Top Sells

1
MASC
MATERIAL SCIENCES CORP
MASC
$2.98M
2
ATRO icon
Astronics
ATRO
$2.02M
3
KS
KapStone Paper and Pack Corp.
KS
$1.23M
4
BCSB
BCSB BANCORP INC COM STK
BCSB
$420K
5
AGX icon
Argan
AGX
$282K

Sector Composition

1 Industrials 27.13%
2 Materials 15.87%
3 Financials 12.32%
4 Communication Services 11.83%
5 Consumer Discretionary 6.34%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
DWSN
26
DELISTED
DAWSON GEOPHYSICAL CO
DWSN
$1.67M 0.99%
59,458
– –
ASML icon
27
ASML
ASML
$290B
$1.56M 0.93%
16,761
– –
CHFN
28
DELISTED
Charter Financial Corp
CHFN
$1.51M 0.89%
139,658
– –
WSBF icon
29
Waterstone Financial
WSBF
$275M
$1.48M 0.87%
+142,000
New +$1.48M
PBHC icon
30
Pathfinder Bancorp
PBHC
$92.3M
$1.34M 0.79%
92,494
– –
PRA icon
31
ProAssurance
PRA
$1.22B
$1.26M 0.75%
28,358
– –
MLVF
32
DELISTED
Malvern Bancorp, Inc.
MLVF
$1.23M 0.73%
120,000
– –
CNBKA
33
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.23M 0.73%
36,113
– –
CIMT
34
DELISTED
CIMATRON LTD ORD SHS
CIMT
$1.22M 0.72%
168,774
– –
AP icon
35
Ampco-Pittsburgh
AP
$58.5M
$1.13M 0.67%
59,971
+1,071
+2% +$20.2K
NWBI icon
36
Northwest Bancshares
NWBI
$1.84B
$1.08M 0.64%
73,625
– –
WPX
37
DELISTED
WPX Energy, Inc.
WPX
$1.04M 0.62%
57,800
– –
ISBC
38
DELISTED
Investors Bancorp, Inc.
ISBC
$1M 0.6%
36,354
– –
USAP
39
DELISTED
Universal Stainless & Alloy
USAP
$1M 0.59%
29,700
– –
ATRO icon
40
Astronics
ATRO
$1.3B
$855K 0.51%
13,508
-31,900
-70% -$2.02M
EEI
41
DELISTED
Ecology and Environment
EEI
$679K 0.4%
70,874
– –
JXSB
42
DELISTED
Jacksonville Bancorp Inc
JXSB
$676K 0.4%
31,145
– –
OBAF
43
DELISTED
OBA FINL SVCS INC COM STK (MD)
OBAF
$635K 0.38%
35,400
– –
MFSF
44
DELISTED
MutualFirst Financial Inc
MFSF
$588K 0.35%
30,926
– –
AGX icon
45
Argan
AGX
$3.1B
$569K 0.34%
19,154
-9,500
-33% -$282K
CBU icon
46
Community Bank
CBU
$3.14B
$544K 0.32%
13,938
– –
DGICB
47
Donegal Group Class B
DGICB
$543M
$539K 0.32%
21,506
– –
KIM icon
48
Kimco Realty
KIM
$15.2B
$492K 0.29%
22,500
– –
PWX
49
DELISTED
Providence & Worcester Railroad Company
PWX
$476K 0.28%
27,000
– –
SIF icon
50
SIFCO Industries
SIF
$42.3M
$458K 0.27%
15,000
– –
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