MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
-4.32%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$164M
AUM Growth
+$164M
Cap. Flow
+$2.56M
Cap. Flow %
1.56%
Top 10 Hldgs %
52%
Holding
74
New
3
Increased
10
Reduced
5
Closed
2

Top Buys

1
TCF
TCF Financial Corporation Common Stock
TCF
$1.38M
2
GLDD icon
Great Lakes Dredge & Dock
GLDD
$1.19M
3
SGA icon
Saga Communications
SGA
$471K
4
VBFC
Village Bank and Trust Financial Corp.
VBFC
$414K
5
USLM icon
United States Lime & Minerals
USLM
$372K

Top Sells

1
SSP icon
E.W. Scripps
SSP
$2.1M
2
JMG
JOURNAL MEDIA GROUP INC COM
JMG
$680K
3
ATRI
Atrion Corp
ATRI
$672K
4
ESCA icon
Escalade
ESCA
$325K
5
CMSB
CMS BANCORP, INC. COM
CMSB
$258K

Sector Composition

1 Industrials 28.97%
2 Financials 15.45%
3 Communication Services 12.67%
4 Materials 12.34%
5 Consumer Discretionary 7.07%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
IBKC
26
DELISTED
IBERIABANK Corp
IBKC
$1.77M 1.08%
25,912
– –
CHFN
27
DELISTED
Charter Financial Corp
CHFN
$1.73M 1.06%
139,658
– –
ONVI
28
DELISTED
Onvia, Inc.
ONVI
$1.61M 0.98%
402,553
– –
DWSN icon
29
Dawson Geophysical
DWSN
$50.3M
$1.54M 0.94%
328,662
+5,000
+2% +$23.5K
NPBC
30
DELISTED
NATL PENN BANCSHARES INC
NPBC
$1.46M 0.89%
129,436
+3,000
+2% +$33.8K
CNBKA
31
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.46M 0.89%
36,113
– –
FNB icon
32
FNB Corp
FNB
$5.92B
$1.38M 0.85%
96,546
– –
TCF
33
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.38M 0.84%
+41,735
New +$1.38M
STFC
34
DELISTED
State Auto Financial Corp
STFC
$1.32M 0.8%
54,938
– –
PRA icon
35
ProAssurance
PRA
$1.22B
$1.31M 0.8%
28,358
– –
SGA icon
36
Saga Communications
SGA
$76M
$1.15M 0.7%
30,425
+12,433
+69% +$471K
ISBC
37
DELISTED
Investors Bancorp, Inc.
ISBC
$1.14M 0.7%
92,701
– –
NWBI icon
38
Northwest Bancshares
NWBI
$1.84B
$944K 0.58%
73,625
– –
JMG
39
DELISTED
JOURNAL MEDIA GROUP INC COM
JMG
$942K 0.58%
113,686
-82,083
-42% -$680K
AP icon
40
Ampco-Pittsburgh
AP
$58.5M
$907K 0.55%
59,971
– –
CZNC icon
41
Citizens & Northern Corp
CZNC
$311M
$881K 0.54%
42,900
– –
EEI
42
DELISTED
Ecology and Environment
EEI
$737K 0.45%
70,874
– –
JXSB
43
DELISTED
Jacksonville Bancorp Inc
JXSB
$719K 0.44%
31,145
– –
MFSF
44
DELISTED
MutualFirst Financial Inc
MFSF
$717K 0.44%
30,926
– –
WPX
45
DELISTED
WPX Energy, Inc.
WPX
$710K 0.43%
57,800
– –
MTSL
46
DELISTED
MER TELEMANAGEMENT SOLUTNS LTD
MTSL
$610K 0.37%
222,625
– –
USAP
47
DELISTED
Universal Stainless & Alloy
USAP
$583K 0.36%
29,700
– –
CBU icon
48
Community Bank
CBU
$3.14B
$526K 0.32%
13,938
– –
PWX
49
DELISTED
Providence & Worcester Railroad Company
PWX
$466K 0.29%
27,000
– –
NWFL icon
50
Norwood Financial Corp
NWFL
$247M
$431K 0.26%
14,737
– –
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