MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+6.78%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$151M
AUM Growth
+$151M
Cap. Flow
+$2.97M
Cap. Flow %
1.97%
Top 10 Hldgs %
53.27%
Holding
76
New
2
Increased
13
Reduced
6
Closed
3

Top Buys

1
USAP
Universal Stainless & Alloy
USAP
$2.11M
2
NVGS icon
Navigator Holdings
NVGS
$811K
3
RLOG
Rand Logistics, Inc.
RLOG
$517K
4
USLM icon
United States Lime & Minerals
USLM
$332K
5
ONVI
Onvia, Inc.
ONVI
$185K

Top Sells

1
ASML icon
ASML
ASML
$470K
2
GCI
Gannett Co., Inc
GCI
$368K
3
WPX
WPX Energy, Inc.
WPX
$356K
4
MAMS
MAM Software Group Inc. New
MAMS
$215K
5
ATRO icon
Astronics
ATRO
$204K

Sector Composition

1 Industrials 28.12%
2 Financials 17.62%
3 Materials 14.96%
4 Communication Services 12.91%
5 Consumer Discretionary 6.74%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
GLPW
26
DELISTED
GLOBAL POWER EQUIPMENT GROUP INC COMMON NEW
GLPW
$1.61M 1.07%
462,909
– –
CNBKA
27
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.56M 1.03%
36,113
– –
NPBC
28
DELISTED
NATL PENN BANCSHARES INC
NPBC
$1.49M 0.98%
120,490
-8,946
-7% -$110K
FSTR icon
29
Foster
FSTR
$279M
$1.45M 0.96%
106,132
– –
TCF
30
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.43M 0.94%
41,735
– –
IBKC
31
DELISTED
IBERIABANK Corp
IBKC
$1.43M 0.94%
25,912
– –
PRA icon
32
ProAssurance
PRA
$1.22B
$1.38M 0.91%
28,358
– –
JMG
33
DELISTED
JOURNAL MEDIA GROUP INC COM
JMG
$1.37M 0.9%
113,686
– –
ATRO icon
34
Astronics
ATRO
$1.3B
$1.36M 0.9%
33,489
– -$204K
FNB icon
35
FNB Corp
FNB
$5.92B
$1.29M 0.85%
96,546
– –
DWSN icon
36
Dawson Geophysical
DWSN
$50.3M
$1.28M 0.84%
370,665
+42,003
+13% +$144K
ISBC
37
DELISTED
Investors Bancorp, Inc.
ISBC
$1.15M 0.76%
92,701
– –
ASML icon
38
ASML
ASML
$290B
$1.1M 0.73%
12,363
-5,301
-30% -$470K
NWBI icon
39
Northwest Bancshares
NWBI
$1.84B
$986K 0.65%
73,625
– –
STFC
40
DELISTED
State Auto Financial Corp
STFC
$912K 0.6%
44,458
– –
CZNC icon
41
Citizens & Northern Corp
CZNC
$311M
$901K 0.6%
42,900
– –
JXSB
42
DELISTED
Jacksonville Bancorp Inc
JXSB
$779K 0.52%
31,145
– –
EEI
43
DELISTED
Ecology and Environment
EEI
$772K 0.51%
75,674
+4,800
+7% +$49K
MFSF
44
DELISTED
MutualFirst Financial Inc
MFSF
$759K 0.5%
30,926
– –
CBU icon
45
Community Bank
CBU
$3.14B
$670K 0.44%
16,772
+2,834
+20% +$113K
HBNC icon
46
Horizon Bancorp
HBNC
$853M
$556K 0.37%
19,879
– –
AP icon
47
Ampco-Pittsburgh
AP
$58.5M
$433K 0.29%
42,200
-17,771
-30% -$182K
OFED
48
DELISTED
Oconee Federal Financial Corp.
OFED
$430K 0.28%
22,902
– –
NWFL icon
49
Norwood Financial Corp
NWFL
$247M
$417K 0.28%
14,737
– –
ASRV icon
50
AmeriServ Financial
ASRV
$49.2M
$409K 0.27%
128,000
+9,000
+8% +$28.8K
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