MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
-7.04%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$162M
AUM Growth
+$162M
Cap. Flow
+$271K
Cap. Flow %
0.17%
Top 10 Hldgs %
51.94%
Holding
79
New
1
Increased
14
Reduced
8
Closed
4

Top Buys

1
APAGF
APCO OIL AND GAS INTERNATIONAL INC
APAGF
$1.6M
2
ATRO icon
Astronics
ATRO
$823K
3
FNB icon
FNB Corp
FNB
$756K
4
CZNC icon
Citizens & Northern Corp
CZNC
$504K
5
SGA icon
Saga Communications
SGA
$504K

Top Sells

1
NVGS icon
Navigator Holdings
NVGS
$1.35M
2
KS
KapStone Paper and Pack Corp.
KS
$1.12M
3
OBAF
OBA FINL SVCS INC COM STK (MD)
OBAF
$678K
4
WSBF icon
Waterstone Financial
WSBF
$188K
5
SGC icon
Superior Group of Companies
SGC
$32.4K

Sector Composition

1 Industrials 28.11%
2 Materials 15.08%
3 Financials 13.18%
4 Communication Services 11.88%
5 Consumer Discretionary 5.7%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
IBKC
26
DELISTED
IBERIABANK Corp
IBKC
$1.62M 1%
25,912
– –
ATRO icon
27
Astronics
ATRO
$1.3B
$1.6M 0.98%
33,489
+19,981
+148% +$823K
CHFN
28
DELISTED
Charter Financial Corp
CHFN
$1.5M 0.92%
139,658
– –
WPX
29
DELISTED
WPX Energy, Inc.
WPX
$1.39M 0.86%
57,800
– –
MLVF
30
DELISTED
Malvern Bancorp, Inc.
MLVF
$1.37M 0.84%
120,000
– –
PBHC icon
31
Pathfinder Bancorp
PBHC
$92.3M
$1.34M 0.83%
94,192
+204
+0.2% +$2.9K
PRA icon
32
ProAssurance
PRA
$1.22B
$1.25M 0.77%
28,358
– –
CNBKA
33
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.25M 0.77%
36,113
– –
AP icon
34
Ampco-Pittsburgh
AP
$58.5M
$1.2M 0.74%
59,971
– –
FNB icon
35
FNB Corp
FNB
$5.92B
$1.16M 0.71%
96,546
+63,048
+188% +$756K
CIMT
36
DELISTED
CIMATRON LTD ORD SHS
CIMT
$1.1M 0.68%
182,174
+13,400
+8% +$80.5K
DWSN
37
DELISTED
DAWSON GEOPHYSICAL CO
DWSN
$1.08M 0.67%
59,458
– –
STFC
38
DELISTED
State Auto Financial Corp
STFC
$955K 0.59%
46,568
+23,550
+102% +$483K
ISBC
39
DELISTED
Investors Bancorp, Inc.
ISBC
$939K 0.58%
92,701
– –
NWBI icon
40
Northwest Bancshares
NWBI
$1.84B
$891K 0.55%
73,625
– –
WSBF icon
41
Waterstone Financial
WSBF
$275M
$871K 0.54%
75,421
-16,277
-18% -$188K
CZNC icon
42
Citizens & Northern Corp
CZNC
$311M
$816K 0.5%
42,900
+26,500
+162% +$504K
USAP
43
DELISTED
Universal Stainless & Alloy
USAP
$782K 0.48%
29,700
– –
MFSF
44
DELISTED
MutualFirst Financial Inc
MFSF
$688K 0.42%
30,926
– –
EEI
45
DELISTED
Ecology and Environment
EEI
$685K 0.42%
70,874
– –
JXSB
46
DELISTED
Jacksonville Bancorp Inc
JXSB
$678K 0.42%
31,145
– –
SGA icon
47
Saga Communications
SGA
$76M
$504K 0.31%
+15,015
New +$504K
DGICB
48
Donegal Group Class B
DGICB
$543M
$496K 0.31%
21,506
– –
KIM icon
49
Kimco Realty
KIM
$15.2B
$493K 0.3%
22,500
– –
CBU icon
50
Community Bank
CBU
$3.14B
$468K 0.29%
13,938
– –
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