MA

Minerva Advisors Portfolio holdings

AUM $153M
1-Year Return 32.62%
This Quarter Return
-1.77%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$154M
AUM Growth
-$11.9M
Cap. Flow
-$2.78M
Cap. Flow %
-1.8%
Top 10 Hldgs %
54.76%
Holding
71
New
–
Increased
11
Reduced
3
Closed
6

Top Buys

1
TG icon
Tredegar Corp
TG
$1.13M
2
ESCA icon
Escalade
ESCA
$488K
3
SGA icon
Saga Communications
SGA
$258K
4
DALN icon
DallasNews
DALN
$186K
5
EML icon
Eastern Company
EML
$182K

Top Sells

1
VRS
Verso Corporation
VRS
$1.85M
2
STFC
State Auto Financial Corp
STFC
$1.82M
3
DWSN icon
Dawson Geophysical
DWSN
$733K
4
NIC icon
Nicolet Bankshares
NIC
$477K
5
AE
Adams Resources & Energy Inc.
AE
$243K

Sector Composition

1 Industrials 36.21%
2 Financials 17.26%
3 Communication Services 11.99%
4 Materials 9.27%
5 Consumer Discretionary 7.45%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
THRY icon
26
Thryv Holdings
THRY
$537M
$1.39M 0.9%
49,703
– –
VOLT
27
DELISTED
Volt Information Sciences, Inc.
VOLT
$1.39M 0.9%
232,194
+22,929
+11% +$137K
MPB icon
28
Mid Penn Bancorp
MPB
$692M
$1.38M 0.9%
51,732
– –
DALN icon
29
DallasNews
DALN
$79.8M
$1.32M 0.86%
190,506
+26,774
+16% +$186K
ISBC
30
DELISTED
Investors Bancorp, Inc.
ISBC
$1.18M 0.77%
79,411
– –
GVP
31
DELISTED
GSE Systems, Inc.
GVP
$1.1M 0.71%
52,832
– –
CZNC icon
32
Citizens & Northern Corp
CZNC
$314M
$1.05M 0.68%
42,900
– –
VBFC
33
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$1.02M 0.66%
19,745
– –
ACNT icon
34
Ascent Industries
ACNT
$113M
$982K 0.64%
61,453
– –
FNB icon
35
FNB Corp
FNB
$5.98B
$868K 0.56%
69,690
– –
MLVF
36
DELISTED
Malvern Bancorp, Inc.
MLVF
$857K 0.56%
53,206
– –
FSTR icon
37
Foster
FSTR
$279M
$829K 0.54%
55,263
– –
CECO icon
38
Ceco Environmental
CECO
$1.69B
$815K 0.53%
148,829
– –
CLBK icon
39
Columbia Financial
CLBK
$1.57B
$727K 0.47%
33,794
– –
CIX icon
40
Comp X International
CIX
$297M
$702K 0.45%
29,847
– –
HBNC icon
41
Horizon Bancorp
HBNC
$852M
$655K 0.42%
35,052
– –
HVBC
42
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$562K 0.36%
25,890
– –
ICCH
43
DELISTED
ICC Holdings, Inc.
ICCH
$544K 0.35%
33,367
– –
NWBI icon
44
Northwest Bancshares
NWBI
$1.85B
$513K 0.33%
38,000
– –
RMBI icon
45
Richmond Mutual Bancorp
RMBI
$142M
$512K 0.33%
30,000
– –
DGICA icon
46
Donegal Group Class A
DGICA
$694M
$488K 0.32%
36,445
+6,180
+20% +$82.8K
EBMT icon
47
Eagle Bancorp Montana
EBMT
$139M
$469K 0.3%
21,098
– –
CBU icon
48
Community Bank
CBU
$3.17B
$464K 0.3%
6,618
– –
PRA icon
49
ProAssurance
PRA
$1.22B
$463K 0.3%
17,234
– –
SSB icon
50
SouthState Bank Corporation
SSB
$10.3B
$462K 0.3%
5,661
– –
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