MA

Minerva Advisors Portfolio holdings

AUM $153M
1-Year Return 32.62%
This Quarter Return
+3.83%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$172M
AUM Growth
-$5.4M
Cap. Flow
-$6.78M
Cap. Flow %
-3.94%
Top 10 Hldgs %
55.58%
Holding
78
New
1
Increased
14
Reduced
4
Closed
7

Top Buys

1
SSP icon
E.W. Scripps
SSP
$6.97M
2
CTG
Computer Task Group, Inc.
CTG
$2.78M
3
JMG
JOURNAL MEDIA GROUP INC COM
JMG
$1.72M
4
DWSN icon
Dawson Geophysical
DWSN
$1.36M
5
RLOG
Rand Logistics, Inc.
RLOG
$871K

Top Sells

1
APAGF
APCO OIL AND GAS INTERNATIONAL INC
APAGF
$7.92M
2
JRN
JOURNAL COMMUNICATIONS INC CL-A
JRN
$6.71M
3
KS
KapStone Paper and Pack Corp.
KS
$1.89M
4
DWSN
DAWSON GEOPHYSICAL CO
DWSN
$1.74M
5
CIMT
CIMATRON LTD ORD SHS
CIMT
$1.68M

Sector Composition

1 Industrials 30.86%
2 Materials 15.17%
3 Communication Services 14.01%
4 Financials 13.31%
5 Consumer Discretionary 6.54%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
IBKC
26
DELISTED
IBERIABANK Corp
IBKC
$1.63M 0.95%
25,912
– –
MLVF
27
DELISTED
Malvern Bancorp, Inc.
MLVF
$1.62M 0.94%
120,000
– –
CHFN
28
DELISTED
Charter Financial Corp
CHFN
$1.61M 0.93%
139,658
– –
PBHC icon
29
Pathfinder Bancorp
PBHC
$92.3M
$1.56M 0.91%
156,351
+1,200
+0.8% +$12K
CNBKA
30
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.43M 0.83%
36,113
– –
DWSN icon
31
Dawson Geophysical
DWSN
$51.2M
$1.39M 0.81%
339,845
+332,705
+4,660% +$1.36M
NPBC
32
DELISTED
NATL PENN BANCSHARES INC
NPBC
$1.36M 0.79%
126,436
+4,000
+3% +$43K
STFC
33
DELISTED
State Auto Financial Corp
STFC
$1.34M 0.78%
54,938
– –
PRA icon
34
ProAssurance
PRA
$1.22B
$1.3M 0.76%
28,358
– –
FNB icon
35
FNB Corp
FNB
$5.98B
$1.27M 0.74%
96,546
– –
ISBC
36
DELISTED
Investors Bancorp, Inc.
ISBC
$1.09M 0.63%
92,701
– –
AP icon
37
Ampco-Pittsburgh
AP
$57.9M
$1.05M 0.61%
59,971
– –
NWBI icon
38
Northwest Bancshares
NWBI
$1.85B
$872K 0.51%
73,625
– –
CZNC icon
39
Citizens & Northern Corp
CZNC
$314M
$865K 0.5%
42,900
– –
SGA icon
40
Saga Communications
SGA
$77M
$801K 0.47%
17,992
+1,147
+7% +$51.1K
USAP
41
DELISTED
Universal Stainless & Alloy
USAP
$779K 0.45%
29,700
– –
MFSF
42
DELISTED
MutualFirst Financial Inc
MFSF
$697K 0.41%
30,926
– –
JXSB
43
DELISTED
Jacksonville Bancorp Inc
JXSB
$692K 0.4%
31,145
– –
WPX
44
DELISTED
WPX Energy, Inc.
WPX
$632K 0.37%
57,800
– –
EEI
45
DELISTED
Ecology and Environment
EEI
$629K 0.37%
70,874
– –
CBU icon
46
Community Bank
CBU
$3.17B
$493K 0.29%
13,938
– –
PWX
47
DELISTED
Providence & Worcester Railroad Company
PWX
$486K 0.28%
27,000
– –
OFED
48
DELISTED
Oconee Federal Financial Corp.
OFED
$458K 0.27%
22,902
– –
DGICA icon
49
Donegal Group Class A
DGICA
$694M
$437K 0.25%
28,162
– –
NWFL icon
50
Norwood Financial Corp
NWFL
$250M
$407K 0.24%
22,106
– –
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