MA

Minerva Advisors Portfolio holdings

AUM $153M
1-Year Return 32.62%
This Quarter Return
+6.26%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$163M
AUM Growth
+$3.31M
Cap. Flow
-$120K
Cap. Flow %
-0.07%
Top 10 Hldgs %
62.67%
Holding
60
New
1
Increased
9
Reduced
9
Closed
1

Top Buys

1
UFI icon
UNIFI
UFI
$1.7M
2
TG icon
Tredegar Corp
TG
$839K
3
HONE icon
HarborOne Bancorp
HONE
$770K
4
GLDD icon
Great Lakes Dredge & Dock
GLDD
$316K
5
SSP icon
E.W. Scripps
SSP
$314K

Top Sells

1
KEQU icon
Kewaunee Scientific
KEQU
$1.01M
2
USLM icon
United States Lime & Minerals
USLM
$980K
3
CECO icon
Ceco Environmental
CECO
$944K
4
CIX icon
Comp X International
CIX
$704K
5
DORM icon
Dorman Products
DORM
$433K

Sector Composition

1 Industrials 38.7%
2 Consumer Discretionary 17.84%
3 Financials 14.81%
4 Materials 12%
5 Communication Services 7.94%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SIF icon
26
SIFCO Industries
SIF
$44.5M
$1.2M 0.74%
378,608
– –
CECO icon
27
Ceco Environmental
CECO
$1.72B
$1.13M 0.69%
49,128
-41,030
-46% -$944K
MPB icon
28
Mid Penn Bancorp
MPB
$699M
$1.04M 0.63%
51,732
– –
FNB icon
29
FNB Corp
FNB
$6.03B
$903K 0.55%
64,075
– –
CFG icon
30
Citizens Financial Group
CFG
$22.7B
$856K 0.52%
23,585
– –
VBFC
31
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$822K 0.5%
19,745
– –
CZNC icon
32
Citizens & Northern Corp
CZNC
$317M
$798K 0.49%
42,900
– –
HONE icon
33
HarborOne Bancorp
HONE
$561M
$770K 0.47%
+72,414
New +$770K
DGICA icon
34
Donegal Group Class A
DGICA
$711M
$656K 0.4%
46,490
– –
CLBK icon
35
Columbia Financial
CLBK
$1.57B
$582K 0.36%
33,794
– –
FRBA icon
36
First Bank
FRBA
$423M
$563K 0.34%
41,143
– –
ACNT icon
37
Ascent Industries
ACNT
$114M
$556K 0.34%
55,593
– –
ICCH
38
DELISTED
ICC Holdings, Inc.
ICCH
$534K 0.33%
33,367
– –
SSB icon
39
SouthState Bank Corporation
SSB
$10.5B
$481K 0.29%
5,661
– –
CPBI icon
40
Central Plains Bancshares
CPBI
$68.6M
$461K 0.28%
45,071
+15,676
+53% +$160K
HBNC icon
41
Horizon Bancorp
HBNC
$862M
$449K 0.27%
35,052
– –
NWBI icon
42
Northwest Bancshares
NWBI
$1.88B
$443K 0.27%
38,000
– –
ECBK icon
43
ECB Bancorp
ECBK
$150M
$418K 0.26%
32,365
– –
CZFS icon
44
Citizens Financial Services
CZFS
$297M
$380K 0.23%
7,881
– –
USLM icon
45
United States Lime & Minerals
USLM
$3.47B
$371K 0.23%
6,250
-16,480
-73% -$980K
NWFL icon
46
Norwood Financial Corp
NWFL
$250M
$367K 0.22%
13,681
– –
FCF icon
47
First Commonwealth Financial
FCF
$1.88B
$355K 0.22%
25,560
– –
LSBK icon
48
Lake Shore Bancorp
LSBK
$104M
$349K 0.21%
30,118
– –
FRME icon
49
First Merchants
FRME
$2.42B
$344K 0.21%
9,875
– –
RMBI icon
50
Richmond Mutual Bancorp
RMBI
$144M
$334K 0.2%
30,000
– –
1
2
3