MA

Minerva Advisors Portfolio holdings

AUM $153M
1-Year Return 32.62%
This Quarter Return
+14.12%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$176M
AUM Growth
+$16.5M
Cap. Flow
-$3.44M
Cap. Flow %
-1.95%
Top 10 Hldgs %
55.13%
Holding
71
New
–
Increased
6
Reduced
12
Closed
1

Top Buys

1
CSS
CSS Industries, Inc.
CSS
$178K
2
CTG
Computer Task Group, Inc.
CTG
$95.8K
3
CAC icon
Camden National
CAC
$49.1K
4
GLDD icon
Great Lakes Dredge & Dock
GLDD
$37K
5
STFC
State Auto Financial Corp
STFC
$21.4K

Top Sells

1
DORM icon
Dorman Products
DORM
$1.29M
2
CCF
Chase Corporation
CCF
$954K
3
PWX
Providence & Worcester Railroad Company
PWX
$669K
4
ASML icon
ASML
ASML
$275K
5
CECO icon
Ceco Environmental
CECO
$189K

Sector Composition

1 Industrials 29.55%
2 Financials 19.6%
3 Materials 16.82%
4 Communication Services 11.86%
5 Consumer Discretionary 7.09%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
OFED
51
DELISTED
Oconee Federal Financial Corp.
OFED
$492K 0.28%
22,902
– –
DGICA icon
52
Donegal Group Class A
DGICA
$711M
$491K 0.28%
28,162
– –
LSBK icon
53
Lake Shore Bancorp
LSBK
$104M
$480K 0.27%
29,669
– –
NWFL icon
54
Norwood Financial Corp
NWFL
$250M
$469K 0.27%
22,106
– –
ASRV icon
55
AmeriServ Financial
ASRV
$50.4M
$467K 0.27%
128,000
– –
FRME icon
56
First Merchants
FRME
$2.42B
$450K 0.26%
11,960
– –
EMCF
57
DELISTED
Emclaire Financial Corp
EMCF
$414K 0.24%
15,359
– –
DGICB
58
Donegal Group Class B
DGICB
$543M
$349K 0.2%
21,506
– –
PBBI
59
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$306K 0.17%
30,833
– –
KOSS icon
60
Koss Corp
KOSS
$57.4M
$278K 0.16%
123,272
– –
SIF icon
61
SIFCO Industries
SIF
$42.3M
$271K 0.15%
35,318
-3,500
-9% -$26.9K
MTSL
62
DELISTED
MER TELEMANAGEMENT SOLUTNS LTD
MTSL
$200K 0.11%
222,625
– –
CIX icon
63
Comp X International
CIX
$298M
$192K 0.11%
11,900
– –
FSBC
64
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
$153K 0.09%
10,934
– –
AEHR icon
65
Aehr Test Systems
AEHR
$786M
$122K 0.07%
50,613
-8,000
-14% -$19.3K
ICCC icon
66
ImmuCell
ICCC
$59M
$85K 0.05%
14,559
– –
SRRA
67
DELISTED
Sierra Oncology, Inc. Common Stock
SRRA
$70K 0.04%
1,173
-1,685
-59% -$101K
MAMS
68
DELISTED
MAM Software Group Inc. New
MAMS
$67K 0.04%
10,330
– –
MOC
69
DELISTED
Command Security Corporation
MOC
$55K 0.03%
19,995
-2,055
-9% -$5.65K
PWX
70
DELISTED
Providence & Worcester Railroad Company
PWX
– –
-27,000
Closed -$669K
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