MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
-12.34%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$141M
AUM Growth
+$141M
Cap. Flow
+$782K
Cap. Flow %
0.56%
Top 10 Hldgs %
51.21%
Holding
76
New
4
Increased
10
Reduced
6
Closed
2

Top Buys

1
CECO icon
Ceco Environmental
CECO
$1.73M
2
SGA icon
Saga Communications
SGA
$1.1M
3
RLOG
Rand Logistics, Inc.
RLOG
$925K
4
NVGS icon
Navigator Holdings
NVGS
$670K
5
USAP
Universal Stainless & Alloy
USAP
$540K

Top Sells

1
PMFG
PMFG INC COM STK (DE)
PMFG
$5.19M
2
ATRI
Atrion Corp
ATRI
$714K
3
STFC
State Auto Financial Corp
STFC
$239K
4
EML icon
Eastern Company
EML
$72K
5
ASXC
Asensus Surgical, Inc.
ASXC
$55K

Sector Composition

1 Industrials 29.81%
2 Financials 17.96%
3 Communication Services 12.95%
4 Materials 11.11%
5 Consumer Discretionary 7.75%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
OFED
51
DELISTED
Oconee Federal Financial Corp.
OFED
$408K 0.29%
22,902
– –
BNCL
52
DELISTED
Beneficial Bancorp, Inc.
BNCL
$400K 0.28%
30,231
– –
LSBK icon
53
Lake Shore Bancorp
LSBK
$105M
$398K 0.28%
29,669
– –
DGICB
54
Donegal Group Class B
DGICB
$543M
$398K 0.28%
21,506
– –
DGICA icon
55
Donegal Group Class A
DGICA
$671M
$395K 0.28%
28,162
– –
SIF icon
56
SIFCO Industries
SIF
$42.3M
$386K 0.27%
34,192
+17,104
+100% +$193K
ASRV icon
57
AmeriServ Financial
ASRV
$49.2M
$382K 0.27%
119,000
– –
GCI
58
DELISTED
Gannett Co., Inc
GCI
$368K 0.26%
+25,000
New +$368K
WPX
59
DELISTED
WPX Energy, Inc.
WPX
$356K 0.25%
53,800
-4,000
-7% -$26.5K
EMCF
60
DELISTED
Emclaire Financial Corp
EMCF
$353K 0.25%
15,359
– –
FRME icon
61
First Merchants
FRME
$2.38B
$313K 0.22%
11,960
– –
EBMT icon
62
Eagle Bancorp Montana
EBMT
$138M
$289K 0.21%
25,598
– –
MTSL
63
DELISTED
MER TELEMANAGEMENT SOLUTNS LTD
MTSL
$274K 0.19%
222,625
– –
TG icon
64
Tredegar Corp
TG
$265M
$254K 0.18%
19,377
– –
PSBH
65
DELISTED
PSB HOLDINGS INC
PSBH
$243K 0.17%
25,897
– –
MAMS
66
DELISTED
MAM Software Group Inc. New
MAMS
$242K 0.17%
41,113
– –
KOSS icon
67
Koss Corp
KOSS
$58.1M
$230K 0.16%
106,555
– –
BZC
68
DELISTED
BREEZE-EASTERN CORPORATION COM
BZC
$182K 0.13%
13,000
– –
WSBF icon
69
Waterstone Financial
WSBF
$275M
$173K 0.12%
12,829
-3,171
-20% -$42.8K
AEHR icon
70
Aehr Test Systems
AEHR
$734M
$136K 0.1%
58,702
– –
ICCC icon
71
ImmuCell
ICCC
$59.1M
$87K 0.06%
+14,559
New +$87K
MOC
72
DELISTED
Command Security Corporation
MOC
$57K 0.04%
30,550
– –
IDXG
73
DELISTED
Interpace Biosciences, Inc. Common Stock
IDXG
$41K 0.03%
22,195
– –
PMFG
74
DELISTED
PMFG INC COM STK (DE)
PMFG
– –
-806,990
Closed -$5.19M
ASXC
75
DELISTED
Asensus Surgical, Inc.
ASXC
– –
-18,343
Closed -$55K
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