MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
-4.32%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$164M
AUM Growth
+$164M
Cap. Flow
+$2.56M
Cap. Flow %
1.56%
Top 10 Hldgs %
52%
Holding
74
New
3
Increased
10
Reduced
5
Closed
2

Top Buys

1
TCF
TCF Financial Corporation Common Stock
TCF
$1.38M
2
GLDD icon
Great Lakes Dredge & Dock
GLDD
$1.19M
3
SGA icon
Saga Communications
SGA
$471K
4
VBFC
Village Bank and Trust Financial Corp.
VBFC
$414K
5
USLM icon
United States Lime & Minerals
USLM
$372K

Top Sells

1
SSP icon
E.W. Scripps
SSP
$2.1M
2
JMG
JOURNAL MEDIA GROUP INC COM
JMG
$680K
3
ATRI
Atrion Corp
ATRI
$672K
4
ESCA icon
Escalade
ESCA
$325K
5
CMSB
CMS BANCORP, INC. COM
CMSB
$258K

Sector Composition

1 Industrials 28.97%
2 Financials 15.45%
3 Communication Services 12.67%
4 Materials 12.34%
5 Consumer Discretionary 7.07%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
TG icon
51
Tredegar Corp
TG
$265M
$429K 0.26%
19,377
– –
DGICA icon
52
Donegal Group Class A
DGICA
$671M
$428K 0.26%
28,162
– –
VBFC
53
DELISTED
Village Bank and Trust Financial Corp.
VBFC
$414K 0.25%
+21,037
New +$414K
OFED
54
DELISTED
Oconee Federal Financial Corp.
OFED
$414K 0.25%
22,902
– –
ASRV icon
55
AmeriServ Financial
ASRV
$49.2M
$396K 0.24%
119,000
– –
LSBK icon
56
Lake Shore Bancorp
LSBK
$105M
$395K 0.24%
29,669
– –
DGICB
57
Donegal Group Class B
DGICB
$543M
$393K 0.24%
21,506
– –
BNCL
58
DELISTED
Beneficial Bancorp, Inc.
BNCL
$377K 0.23%
30,231
– –
EMCF
59
DELISTED
Emclaire Financial Corp
EMCF
$362K 0.22%
15,359
– –
FRME icon
60
First Merchants
FRME
$2.38B
$296K 0.18%
11,960
– –
EBMT icon
61
Eagle Bancorp Montana
EBMT
$138M
$277K 0.17%
25,598
– –
SIF icon
62
SIFCO Industries
SIF
$42.3M
$255K 0.16%
17,088
+2,088
+14% +$31.2K
KOSS icon
63
Koss Corp
KOSS
$58.1M
$246K 0.15%
106,555
– –
MAMS
64
DELISTED
MAM Software Group Inc. New
MAMS
$220K 0.13%
41,113
– –
WSBF icon
65
Waterstone Financial
WSBF
$275M
$211K 0.13%
16,000
– –
PSBH
66
DELISTED
PSB HOLDINGS INC
PSBH
$207K 0.13%
25,897
– –
BZC
67
DELISTED
BREEZE-EASTERN CORPORATION COM
BZC
$150K 0.09%
13,000
– –
AEHR icon
68
Aehr Test Systems
AEHR
$734M
$126K 0.08%
58,702
– –
MOC
69
DELISTED
Command Security Corporation
MOC
$62K 0.04%
30,550
– –
ASXC
70
DELISTED
Asensus Surgical, Inc.
ASXC
$55K 0.03%
1,411
– –
IDXG
71
DELISTED
Interpace Biosciences, Inc. Common Stock
IDXG
$31K 0.02%
222
– –
PBCT
72
DELISTED
People's United Financial Inc
PBCT
– –
-14,518
Closed -$221K
CMSB
73
DELISTED
CMS BANCORP, INC. COM
CMSB
– –
-19,775
Closed -$258K
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