MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+5.22%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$176M
AUM Growth
+$176M
Cap. Flow
+$2.52M
Cap. Flow %
1.43%
Top 10 Hldgs %
53.03%
Holding
81
New
2
Increased
10
Reduced
5
Closed
3

Top Buys

1
EML icon
Eastern Company
EML
$3.69M
2
IBKC
IBERIABANK Corp
IBKC
$1.79M
3
STFC
State Auto Financial Corp
STFC
$536K
4
PMFG
PMFG INC COM STK (DE)
PMFG
$201K
5
SSP icon
E.W. Scripps
SSP
$190K

Top Sells

1
TSH
TECHE HOLDING CO
TSH
$1.76M
2
NVGS icon
Navigator Holdings
NVGS
$828K
3
KS
KapStone Paper and Pack Corp.
KS
$597K
4
WSBF icon
Waterstone Financial
WSBF
$574K
5
AGX icon
Argan
AGX
$569K

Sector Composition

1 Industrials 27.76%
2 Materials 16.95%
3 Communication Services 12.19%
4 Financials 11.67%
5 Consumer Discretionary 6.13%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
DWSN
26
DELISTED
DAWSON GEOPHYSICAL CO
DWSN
$1.7M 0.97%
59,458
– –
ASML icon
27
ASML
ASML
$290B
$1.56M 0.89%
16,761
– –
CHFN
28
DELISTED
Charter Financial Corp
CHFN
$1.55M 0.88%
139,658
– –
WPX
29
DELISTED
WPX Energy, Inc.
WPX
$1.38M 0.78%
57,800
– –
AP icon
30
Ampco-Pittsburgh
AP
$58.5M
$1.38M 0.78%
59,971
– –
PBHC icon
31
Pathfinder Bancorp
PBHC
$92.3M
$1.37M 0.78%
93,988
+1,494
+2% +$21.7K
MLVF
32
DELISTED
Malvern Bancorp, Inc.
MLVF
$1.26M 0.72%
120,000
– –
PRA icon
33
ProAssurance
PRA
$1.22B
$1.26M 0.71%
28,358
– –
CNBKA
34
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.26M 0.71%
36,113
– –
WSBF icon
35
Waterstone Financial
WSBF
$275M
$1.05M 0.59%
91,698
-50,302
-35% -$574K
CIMT
36
DELISTED
CIMATRON LTD ORD SHS
CIMT
$1.04M 0.59%
168,774
– –
ISBC
37
DELISTED
Investors Bancorp, Inc.
ISBC
$1.02M 0.58%
92,701
+56,347
+155% +$387
NWBI icon
38
Northwest Bancshares
NWBI
$1.84B
$998K 0.57%
73,625
– –
USAP
39
DELISTED
Universal Stainless & Alloy
USAP
$963K 0.55%
29,700
– –
ATRO icon
40
Astronics
ATRO
$1.3B
$761K 0.43%
13,508
– –
EEI
41
DELISTED
Ecology and Environment
EEI
$714K 0.41%
70,874
– –
OBAF
42
DELISTED
OBA FINL SVCS INC COM STK (MD)
OBAF
$678K 0.38%
35,400
– –
JXSB
43
DELISTED
Jacksonville Bancorp Inc
JXSB
$657K 0.37%
31,145
– –
MFSF
44
DELISTED
MutualFirst Financial Inc
MFSF
$590K 0.33%
30,926
– –
STFC
45
DELISTED
State Auto Financial Corp
STFC
$536K 0.3%
+23,018
New +$536K
KIM icon
46
Kimco Realty
KIM
$15.2B
$517K 0.29%
22,500
– –
CBU icon
47
Community Bank
CBU
$3.14B
$505K 0.29%
13,938
– –
PWX
48
DELISTED
Providence & Worcester Railroad Company
PWX
$476K 0.27%
27,000
– –
SIF icon
49
SIFCO Industries
SIF
$42.3M
$461K 0.26%
15,000
– –
DGICB
50
Donegal Group Class B
DGICB
$543M
$451K 0.26%
21,506
– –
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