MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+10.49%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$161M
AUM Growth
+$161M
Cap. Flow
-$7.18M
Cap. Flow %
-4.45%
Top 10 Hldgs %
49.03%
Holding
86
New
1
Increased
14
Reduced
11
Closed
4

Top Buys

1
MASC
MATERIAL SCIENCES CORP
MASC
$1.18M
2
APAGF
APCO OIL AND GAS INTERNATIONAL INC
APAGF
$855K
3
RLOG
Rand Logistics, Inc.
RLOG
$639K
4
LIN
LIN MEDIA LLC CLASS A COM
LIN
$377K
5
THRD
TF FINANCIAL CORP COM STK (PA)
THRD
$367K

Top Sells

1
KS
KapStone Paper and Pack Corp.
KS
$5.02M
2
ISBC
Investors Bancorp, Inc.
ISBC
$2.19M
3
TVL
LIN TV CORP
TVL
$1.13M
4
DORM icon
Dorman Products
DORM
$1.02M
5
CCF
Chase Corporation
CCF
$541K

Sector Composition

1 Industrials 27.68%
2 Materials 14.93%
3 Communication Services 14.27%
4 Financials 10.27%
5 Consumer Discretionary 5.16%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
NWFL icon
51
Norwood Financial Corp
NWFL
$247M
$415K 0.26%
14,737
– –
BCSB
52
DELISTED
BCSB BANCORP INC COM STK
BCSB
$391K 0.24%
16,106
– –
DGICB
53
Donegal Group Class B
DGICB
$543M
$389K 0.24%
21,506
– –
OFED
54
DELISTED
Oconee Federal Financial Corp.
OFED
$378K 0.23%
22,902
– –
LIN
55
DELISTED
LIN MEDIA LLC CLASS A COM
LIN
$377K 0.23%
+18,570
New +$377K
EMCF
56
DELISTED
Emclaire Financial Corp
EMCF
$370K 0.23%
15,359
– –
DGICA icon
57
Donegal Group Class A
DGICA
$671M
$352K 0.22%
25,143
– –
LSBK icon
58
Lake Shore Bancorp
LSBK
$105M
$327K 0.2%
28,709
+13,208
+85% +$150K
CZNC icon
59
Citizens & Northern Corp
CZNC
$311M
$327K 0.2%
16,400
– –
MTSL
60
DELISTED
MER TELEMANAGEMENT SOLUTNS LTD
MTSL
$298K 0.18%
177,183
+23,341
+15% +$39.3K
BNCL
61
DELISTED
Beneficial Bancorp, Inc.
BNCL
$274K 0.17%
27,486
+2,570
+10% +$25.6K
EBMT icon
62
Eagle Bancorp Montana
EBMT
$138M
$274K 0.17%
25,598
– –
ISBC
63
DELISTED
Investors Bancorp, Inc.
ISBC
$243K 0.15%
11,115
-100,000
-90% -$2.19M
SGC icon
64
Superior Group of Companies
SGC
$203M
$241K 0.15%
19,300
– –
KOSS icon
65
Koss Corp
KOSS
$58.1M
$227K 0.14%
44,494
+4,014
+10% +$20.5K
SIF icon
66
SIFCO Industries
SIF
$42.3M
$219K 0.14%
12,000
– –
PBCT
67
DELISTED
People's United Financial Inc
PBCT
$209K 0.13%
14,518
– –
CITZ
68
DELISTED
CFS BANCORP INC
CITZ
$204K 0.13%
18,400
– –
MCP
69
DELISTED
MOLYCORP INC COM STK
MCP
$204K 0.13%
31,134
– –
ASRV icon
70
AmeriServ Financial
ASRV
$49.2M
$165K 0.1%
52,200
– –
MAMS
71
DELISTED
MAM Software Group Inc. New
MAMS
$164K 0.1%
41,113
– –
CMSB
72
DELISTED
CMS BANCORP, INC. COM
CMSB
$162K 0.1%
19,775
– –
AEHR icon
73
Aehr Test Systems
AEHR
$734M
$137K 0.08%
58,702
– –
BZC
74
DELISTED
BREEZE-EASTERN CORPORATION COM
BZC
$127K 0.08%
13,000
– –
PSBH
75
DELISTED
PSB HOLDINGS INC
PSBH
$91K 0.06%
14,642
+1,100
+8% +$6.84K
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