MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+2.64%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$180M
AUM Growth
+$180M
Cap. Flow
-$3.88M
Cap. Flow %
-2.15%
Top 10 Hldgs %
55.63%
Holding
76
New
1
Increased
5
Reduced
20
Closed
–

Top Buys

1
NODK icon
NI Holdings
NODK
$802K
2
AUD
Audacy, Inc.
AUD
$381K
3
ICCH
ICC Holdings, Inc.
ICCH
$60.5K
4
KOSS icon
Koss Corp
KOSS
$58.8K
5
DWSN icon
Dawson Geophysical
DWSN
$31.9K

Top Sells

1
CCF
Chase Corporation
CCF
$2.78M
2
CAC icon
Camden National
CAC
$609K
3
MLVF
Malvern Bancorp, Inc.
MLVF
$460K
4
EML icon
Eastern Company
EML
$318K
5
CNBKA
Century Bancorp Inc/Mass
CNBKA
$159K

Sector Composition

1 Industrials 32.09%
2 Financials 19.97%
3 Materials 15.83%
4 Communication Services 10.56%
5 Consumer Discretionary 7.83%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
ICCH
51
DELISTED
ICC Holdings, Inc.
ICCH
$519K 0.29%
30,000
+3,495
+13% +$60.5K
TCF
52
DELISTED
TCF Financial Corporation Common Stock
TCF
$504K 0.28%
10,425
– –
FRME icon
53
First Merchants
FRME
$2.38B
$480K 0.27%
11,960
– –
LSBK icon
54
Lake Shore Bancorp
LSBK
$105M
$466K 0.26%
29,669
– –
EBMT icon
55
Eagle Bancorp Montana
EBMT
$138M
$463K 0.26%
25,598
– –
NWFL icon
56
Norwood Financial Corp
NWFL
$247M
$455K 0.25%
16,188
-2,700
-14% -$75.9K
BNCL
57
DELISTED
Beneficial Bancorp, Inc.
BNCL
$452K 0.25%
30,231
– –
DGICA icon
58
Donegal Group Class A
DGICA
$671M
$447K 0.25%
28,162
– –
EMCF
59
DELISTED
Emclaire Financial Corp
EMCF
$429K 0.24%
15,359
– –
AUD
60
DELISTED
Audacy, Inc.
AUD
$381K 0.21%
+36,946
New +$381K
HVBC
61
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$375K 0.21%
25,890
– –
PBBI
62
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$321K 0.18%
30,833
– –
DGICB
63
Donegal Group Class B
DGICB
$543M
$312K 0.17%
21,506
– –
KOSS icon
64
Koss Corp
KOSS
$58.1M
$303K 0.17%
169,209
+32,864
+24% +$58.8K
SIF icon
65
SIFCO Industries
SIF
$42.3M
$235K 0.13%
35,318
– –
CIX icon
66
Comp X International
CIX
$296M
$193K 0.11%
12,709
– –
FSBC
67
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
$160K 0.09%
10,934
– –
RCKT icon
68
Rocket Pharmaceuticals
RCKT
$358M
$120K 0.07%
16,190
– –
MTSL
69
DELISTED
MER TELEMANAGEMENT SOLUTNS LTD
MTSL
$118K 0.07%
222,625
– –
III icon
70
Information Services Group
III
$249M
$112K 0.06%
27,294
– –
ICCC icon
71
ImmuCell
ICCC
$59.1M
$103K 0.06%
14,559
– –
AEHR icon
72
Aehr Test Systems
AEHR
$734M
$94K 0.05%
25,313
– –
MAMS
73
DELISTED
MAM Software Group Inc. New
MAMS
$69K 0.04%
10,330
– –
MOC
74
DELISTED
Command Security Corporation
MOC
$64K 0.04%
19,995
– –
SRRA
75
DELISTED
Sierra Oncology, Inc. Common Stock
SRRA
$58K 0.03%
797
– –
1 2
3