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Minerva Advisors Portfolio holdings

AUM $155M
1-Year Est. Return 35.49%
This Fund
S&P 500
This Quarter Est. Return
+3.88%
1 Year Est. Return
+35.49%
3 Year Est. Return
+149.41%
5 Year Est. Return
+142.03%
10 Year Est. Return
+662.71%
AUM
$184M
AUM Growth
+$6.46M
Cap. Flow
+$3M
Cap. Flow %
1.63%
Top 10 Hldgs %
54.32%
Holding
87
New
2
Increased
9
Reduced
15
Closed
2

Top Buys

Rank Stock Value
1
SGA icon
Saga Communications
SGA
+$1.25M
2
USAP
Universal Stainless & Alloy
USAP
+$932K
3
EEI
Ecology and Environment
EEI
+$490K
4
RAIL icon
FreightCar America
RAIL
+$471K
5
AE
Adams Resources & Energy Inc
AE
+$345K

Top Sells

Rank Stock Value
1
GLDD
Great Lakes Dredge & Dock
GLDD
+$330K
2
AUD
Audacy, Inc.
AUD
+$203K
3
CSS
CSS Industries, Inc.
CSS
+$76.3K
4
TRNS icon
Transcat
TRNS
+$73.5K
5
FTK icon
Flotek Industries
FTK
+$54.1K

Sector Composition

Rank Sector Weight
1 Industrials 34.22%
2 Financials 20.31%
3 Materials 11.99%
4 Communication Services 11.01%
5 Consumer Discretionary 6.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CECO icon
26
Ceco Environmental
CECO
$3.89B
$1.42M 0.77%
148,829
-1,400
-0.9% -$12K
DLX icon
27
Deluxe
DLX
$1.18B
$1.39M 0.76%
34,300
– –
ATRO icon
28
Astronics
ATRO
$3.44B
$1.39M 0.76%
41,576
– –
VRS
29
DELISTED
Verso Corporation
VRS
$1.3M 0.71%
68,300
– –
NWBI icon
30
Northwest Bancshares
NWBI
$2.3B
$1.29M 0.7%
73,625
– –
ACNT icon
31
Ascent Industries
ACNT
$140M
$1.29M 0.7%
82,355
– –
MPB icon
32
Mid Penn Bancorp
MPB
$968M
$1.24M 0.67%
49,637
– –
FNB icon
33
FNB Corp
FNB
$6.74B
$1.14M 0.62%
96,548
– –
CZNC icon
34
Citizens & Northern Corp
CZNC
$455M
$1.12M 0.61%
42,900
– –
CBU icon
35
Community Bank
CBU
$3.41B
$1.11M 0.6%
16,799
+27
+0.2% +$1.73K
MFSF
36
DELISTED
MutualFirst Financial Inc
MFSF
$1.04M 0.56%
30,926
– –
ISBC
37
DELISTED
Investors Bancorp, Inc.
ISBC
$1.03M 0.56%
92,701
– –
PRA
38
DELISTED
ProAssurance
PRA
$1M 0.54%
27,784
-574
-2% -$21.3K
MLVF
39
DELISTED
Malvern Bancorp, Inc.
MLVF
$986K 0.53%
44,781
– –
DWSN icon
40
Dawson Geophysical
DWSN
$147M
$963K 0.52%
397,763
– –
VBFC
41
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$763K 0.41%
23,245
+2,198
+10% +$73.3K
HBNC icon
42
Horizon Bancorp
HBNC
$1.05B
$730K 0.4%
44,688
-36
-0.1% -$582
RIVE
43
DELISTED
Riverview Financial Corporation Common Stock
RIVE
$669K 0.36%
63,013
+8,800
+16% +$96.9K
STFC
44
DELISTED
State Auto Financial Corp
STFC
$666K 0.36%
19,023
– –
LGL icon
45
LGL Group
LGL
$45.1M
$659K 0.36%
214,491
– –
CUO
46
DELISTED
Continental Materials Corporation
CUO
$622K 0.34%
38,840
+6,210
+19% +$112K
ALR
47
DELISTED
AlerisLife Inc
ALR
$610K 0.33%
132,371
– –
SIF icon
48
SIFCO Industries
SIF
$165M
$602K 0.33%
207,979
– –
CLBK icon
49
Columbia Financial
CLBK
$1.12B
$530K 0.29%
33,794
– –
ASRV icon
50
AmeriServ Financial
ASRV
$76.8M
$526K 0.29%
128,000
– –
1
2
3 4

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Minerva Advisors's Q2 2019 Portfolio in Review

As of Q2 2019, Minerva Advisors held 87 positions worth $184M, up 3.6% from $178M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Trading was light in Q2 2019: portfolio turnover was 4.6%. Minerva Advisors opened 2 new positions and exited 2, leaving the 87-position portfolio largely intact.

By sector, the portfolio is most concentrated in Industrials at 34% of assets, up from 31% a quarter earlier, followed by Financials and Materials.

  • Minerva Advisors's largest Q2 2019 buy was FreightCar America: 73,044 shares worth $427K.
  • Minerva Advisors added most to Saga Communications in Q2 2019, an estimated $1.25M increase.
  • Minerva Advisors's biggest Q2 2019 reduction was Great Lakes Dredge & Dock, cutting an estimated $330K.
  • Minerva Advisors's ten largest holdings make up 54% of its $184M portfolio in Q2 2019.
  • Minerva Advisors opened 2 new positions and closed 2 in Q2 2019.
  • Minerva Advisors's portfolio value rose 3.6% quarter-over-quarter to $184M.

Based on Minerva Advisors's 13F filing for Q2 2019, filed 1 Aug 2019.