MA

Minerva Advisors Portfolio holdings

AUM $153M
1-Year Return 32.62%
This Quarter Return
+1.69%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$147M
AUM Growth
-$3.88M
Cap. Flow
-$1.69M
Cap. Flow %
-1.15%
Top 10 Hldgs %
53.92%
Holding
75
New
2
Increased
10
Reduced
7
Closed
6

Top Buys

1
CTG
Computer Task Group, Inc.
CTG
$1.58M
2
USAP
Universal Stainless & Alloy
USAP
$671K
3
PBBI
PB Bancorp, Inc. Common Stock
PBBI
$258K
4
GLDD icon
Great Lakes Dredge & Dock
GLDD
$141K
5
ACNT icon
Ascent Industries
ACNT
$128K

Top Sells

1
GLPW
GLOBAL POWER EQUIPMENT GROUP INC COMMON NEW
GLPW
$1.61M
2
CCF
Chase Corporation
CCF
$831K
3
AP icon
Ampco-Pittsburgh
AP
$433K
4
ATRI
Atrion Corp
ATRI
$410K
5
NPBC
NATL PENN BANCSHARES INC
NPBC
$266K

Sector Composition

1 Industrials 30.19%
2 Financials 17.24%
3 Materials 13.22%
4 Communication Services 11.8%
5 Consumer Discretionary 6.64%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
TCF
26
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.49M 1.01%
41,735
– –
ATRI
27
DELISTED
Atrion Corp
ATRI
$1.44M 0.98%
3,656
-1,042
-22% -$410K
PRA icon
28
ProAssurance
PRA
$1.22B
$1.44M 0.97%
28,358
– –
CNBKA
29
DELISTED
Century Bancorp Inc/Mass
CNBKA
$1.41M 0.95%
36,113
– –
IBKC
30
DELISTED
IBERIABANK Corp
IBKC
$1.33M 0.9%
25,912
– –
CECO icon
31
Ceco Environmental
CECO
$1.71B
$1.31M 0.89%
211,211
– –
JMG
32
DELISTED
JOURNAL MEDIA GROUP INC COM
JMG
$1.3M 0.88%
108,368
-5,318
-5% -$63.6K
ATRO icon
33
Astronics
ATRO
$1.36B
$1.28M 0.87%
44,289
– –
FNB icon
34
FNB Corp
FNB
$5.99B
$1.26M 0.85%
96,546
– –
ASML icon
35
ASML
ASML
$296B
$1.24M 0.84%
12,363
– –
ISBC
36
DELISTED
Investors Bancorp, Inc.
ISBC
$1.08M 0.73%
92,701
– –
NPBC
37
DELISTED
NATL PENN BANCSHARES INC
NPBC
$1.02M 0.69%
95,490
-25,000
-21% -$266K
NWBI icon
38
Northwest Bancshares
NWBI
$1.85B
$995K 0.68%
73,625
– –
CZNC icon
39
Citizens & Northern Corp
CZNC
$314M
$853K 0.58%
42,900
– –
STFC
40
DELISTED
State Auto Financial Corp
STFC
$827K 0.56%
37,552
-6,906
-16% -$152K
JXSB
41
DELISTED
Jacksonville Bancorp Inc
JXSB
$794K 0.54%
31,145
– –
EEI
42
DELISTED
Ecology and Environment
EEI
$786K 0.53%
78,274
+2,600
+3% +$26.1K
MFSF
43
DELISTED
MutualFirst Financial Inc
MFSF
$780K 0.53%
30,926
– –
CBU icon
44
Community Bank
CBU
$3.18B
$641K 0.44%
16,772
– –
HBNC icon
45
Horizon Bancorp
HBNC
$853M
$491K 0.33%
44,728
– –
OFED
46
DELISTED
Oconee Federal Financial Corp.
OFED
$424K 0.29%
22,902
– –
BNCL
47
DELISTED
Beneficial Bancorp, Inc.
BNCL
$414K 0.28%
30,231
– –
DGICA icon
48
Donegal Group Class A
DGICA
$703M
$402K 0.27%
28,162
– –
NWFL icon
49
Norwood Financial Corp
NWFL
$250M
$402K 0.27%
22,106
– –
VBFC
50
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$398K 0.27%
21,037
– –
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