MA

Minerva Advisors Portfolio holdings

AUM $153M
1-Year Return 32.62%
This Quarter Return
-0.12%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$150M
AUM Growth
-$13.3M
Cap. Flow
-$9.8M
Cap. Flow %
-6.54%
Top 10 Hldgs %
63.27%
Holding
60
New
1
Increased
10
Reduced
7
Closed
3

Top Buys

1
UFI icon
UNIFI
UFI
$863K
2
TG icon
Tredegar Corp
TG
$541K
3
UTMD icon
Utah Medical Products
UTMD
$503K
4
SSP icon
E.W. Scripps
SSP
$281K
5
EML icon
Eastern Company
EML
$262K

Top Sells

1
USAP
Universal Stainless & Alloy
USAP
$6.77M
2
SCX
The L.S. Starrett Company
SCX
$2.34M
3
KEQU icon
Kewaunee Scientific
KEQU
$1.7M
4
CECO icon
Ceco Environmental
CECO
$1.13M
5
NVGS icon
Navigator Holdings
NVGS
$366K

Sector Composition

1 Industrials 34.97%
2 Consumer Discretionary 22.21%
3 Financials 16.4%
4 Materials 10.91%
5 Communication Services 6.75%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MPB icon
26
Mid Penn Bancorp
MPB
$692M
$1.13M 0.75%
51,732
– –
HONE icon
27
HarborOne Bancorp
HONE
$555M
$983K 0.66%
88,414
+16,000
+22% +$178K
VBFC
28
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$884K 0.59%
19,745
– –
FNB icon
29
FNB Corp
FNB
$5.98B
$877K 0.58%
64,075
– –
CFG icon
30
Citizens Financial Group
CFG
$22.4B
$849K 0.57%
23,585
– –
CZNC icon
31
Citizens & Northern Corp
CZNC
$314M
$760K 0.51%
42,900
– –
ICCH
32
DELISTED
ICC Holdings, Inc.
ICCH
$747K 0.5%
33,367
– –
DGICA icon
33
Donegal Group Class A
DGICA
$694M
$596K 0.4%
46,490
– –
FRBA icon
34
First Bank
FRBA
$419M
$521K 0.35%
41,143
– –
CLBK icon
35
Columbia Financial
CLBK
$1.57B
$506K 0.34%
33,794
– –
UTMD icon
36
Utah Medical Products
UTMD
$196M
$503K 0.34%
+7,534
New +$503K
CPBI icon
37
Central Plains Bancshares
CPBI
$68.7M
$497K 0.33%
49,117
+4,046
+9% +$40.9K
ECBK icon
38
ECB Bancorp
ECBK
$148M
$455K 0.3%
36,440
+4,075
+13% +$50.9K
USLM icon
39
United States Lime & Minerals
USLM
$3.42B
$452K 0.3%
6,250
– –
NWBI icon
40
Northwest Bancshares
NWBI
$1.85B
$439K 0.29%
38,000
– –
HBNC icon
41
Horizon Bancorp
HBNC
$852M
$433K 0.29%
35,052
– –
SSB icon
42
SouthState Bank Corporation
SSB
$10.4B
$432K 0.29%
5,661
– –
LSBK icon
43
Lake Shore Bancorp
LSBK
$104M
$362K 0.24%
30,118
– –
FCF icon
44
First Commonwealth Financial
FCF
$1.86B
$353K 0.24%
25,560
– –
RMBI icon
45
Richmond Mutual Bancorp
RMBI
$142M
$352K 0.23%
30,000
– –
CZFS icon
46
Citizens Financial Services
CZFS
$285M
$351K 0.23%
7,881
– –
NWFL icon
47
Norwood Financial Corp
NWFL
$250M
$343K 0.23%
13,681
– –
ACNT icon
48
Ascent Industries
ACNT
$113M
$334K 0.22%
34,915
-20,678
-37% -$198K
FRME icon
49
First Merchants
FRME
$2.39B
$329K 0.22%
9,875
– –
CBU icon
50
Community Bank
CBU
$3.17B
$312K 0.21%
6,618
– –
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