MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+7.65%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$188M
AUM Growth
+$188M
Cap. Flow
+$789K
Cap. Flow %
0.42%
Top 10 Hldgs %
55.81%
Holding
75
New
5
Increased
8
Reduced
9
Closed
–

Top Buys

1
NODK icon
NI Holdings
NODK
$1.64M
2
ICCH
ICC Holdings, Inc.
ICCH
$414K
3
SAEX
SAExploration Holdings, Inc.
SAEX
$402K
4
CSS
CSS Industries, Inc.
CSS
$400K
5
HVBC
HV Bancorp, Inc. Common Stock
HVBC
$364K

Top Sells

1
CCF
Chase Corporation
CCF
$1.31M
2
IBKC
IBERIABANK Corp
IBKC
$751K
3
KURA icon
Kura Oncology
KURA
$220K
4
STFC
State Auto Financial Corp
STFC
$123K
5
AEHR icon
Aehr Test Systems
AEHR
$120K

Sector Composition

1 Industrials 28.96%
2 Financials 19.02%
3 Materials 17.11%
4 Communication Services 12.39%
5 Consumer Discretionary 6.74%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
NWFL icon
51
Norwood Financial Corp
NWFL
$247M
$513K 0.27%
12,592
-2,145
-15% -$87.4K
EBMT icon
52
Eagle Bancorp Montana
EBMT
$138M
$509K 0.27%
25,598
– –
DGICA icon
53
Donegal Group Class A
DGICA
$671M
$495K 0.26%
28,162
– –
BNCL
54
DELISTED
Beneficial Bancorp, Inc.
BNCL
$483K 0.26%
30,231
– –
ASRV icon
55
AmeriServ Financial
ASRV
$49.2M
$480K 0.26%
128,000
– –
FRME icon
56
First Merchants
FRME
$2.38B
$470K 0.25%
11,960
– –
LSBK icon
57
Lake Shore Bancorp
LSBK
$105M
$461K 0.25%
29,669
– –
EMCF
58
DELISTED
Emclaire Financial Corp
EMCF
$431K 0.23%
15,359
– –
ICCH
59
DELISTED
ICC Holdings, Inc.
ICCH
$414K 0.22%
+26,505
New +$414K
HVBC
60
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$364K 0.19%
+25,890
New +$364K
DGICB
61
Donegal Group Class B
DGICB
$543M
$332K 0.18%
21,506
– –
PBBI
62
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$311K 0.17%
30,833
– –
KOSS icon
63
Koss Corp
KOSS
$58.1M
$291K 0.16%
136,345
+13,073
+11% +$27.9K
SIF icon
64
SIFCO Industries
SIF
$42.3M
$286K 0.15%
35,318
– –
CIX icon
65
Comp X International
CIX
$296M
$196K 0.1%
12,709
+809
+7% +$12.5K
FSBC
66
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
$156K 0.08%
10,934
– –
MTSL
67
DELISTED
MER TELEMANAGEMENT SOLUTNS LTD
MTSL
$129K 0.07%
222,625
– –
RCKT icon
68
Rocket Pharmaceuticals
RCKT
$358M
$126K 0.07%
+64,759
New +$126K
AEHR icon
69
Aehr Test Systems
AEHR
$734M
$120K 0.06%
25,313
-25,300
-50% -$120K
III icon
70
Information Services Group
III
$249M
$86K 0.05%
+27,294
New +$86K
ICCC icon
71
ImmuCell
ICCC
$59.1M
$79K 0.04%
14,559
– –
MAMS
72
DELISTED
MAM Software Group Inc. New
MAMS
$68K 0.04%
10,330
– –
SRRA
73
DELISTED
Sierra Oncology, Inc. Common Stock
SRRA
$58K 0.03%
31,880
-15,029
-32% -$27.4K
MOC
74
DELISTED
Command Security Corporation
MOC
$50K 0.03%
19,995
– –
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