MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+0.23%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$185M
AUM Growth
-$4.07M
Cap. Flow
-$2.22M
Cap. Flow %
-1.2%
Top 10 Hldgs %
55.11%
Holding
77
New
3
Increased
9
Reduced
8
Closed
3

Top Buys

1
PATI
Patriot Transportation Holding, Inc. Common Stock
PATI
$2.71M
2
AUD
Audacy, Inc.
AUD
$1.21M
3
SIF icon
SIFCO Industries
SIF
$444K
4
PBHC icon
Pathfinder Bancorp
PBHC
$287K
5
LGL icon
LGL Group
LGL
$286K

Top Sells

1
CCF
Chase Corporation
CCF
$3M
2
ONVI
Onvia, Inc.
ONVI
$2.03M
3
KURA icon
Kura Oncology
KURA
$874K
4
MLVF
Malvern Bancorp, Inc.
MLVF
$736K
5
RLOG
Rand Logistics, Inc.
RLOG
$565K

Sector Composition

1 Industrials 31.93%
2 Financials 18.78%
3 Materials 18.08%
4 Communication Services 10.6%
5 Consumer Discretionary 7.11%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
ASRV icon
51
AmeriServ Financial
ASRV
$50.1M
$525K 0.28%
128,000
– –
NWFL icon
52
Norwood Financial Corp
NWFL
$247M
$521K 0.28%
15,811
– –
FRME icon
53
First Merchants
FRME
$2.38B
$503K 0.27%
11,960
– –
LSBK icon
54
Lake Shore Bancorp
LSBK
$105M
$499K 0.27%
29,669
– –
BNCL
55
DELISTED
Beneficial Bancorp, Inc.
BNCL
$497K 0.27%
30,231
– –
DGICA icon
56
Donegal Group Class A
DGICA
$671M
$487K 0.26%
28,162
– –
ICCH
57
DELISTED
ICC Holdings, Inc.
ICCH
$481K 0.26%
30,000
– –
EMCF
58
DELISTED
Emclaire Financial Corp
EMCF
$466K 0.25%
15,359
– –
HVBC
59
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$394K 0.21%
25,890
– –
PBBI
60
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$324K 0.18%
30,833
– –
SAEX
61
DELISTED
SAExploration Holdings, Inc.
SAEX
$323K 0.17%
7,374
-1,800
-20% -$78.8K
ASML icon
62
ASML
ASML
$290B
$314K 0.17%
1,807
– –
DGICB
63
Donegal Group Class B
DGICB
$543M
$302K 0.16%
21,506
– –
LGL icon
64
LGL Group
LGL
$35.8M
$286K 0.15%
+134,273
New +$286K
CUO
65
DELISTED
Continental Materials Corporation
CUO
$239K 0.13%
+12,554
New +$239K
FSBC
66
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
$188K 0.1%
10,934
– –
CIX icon
67
Comp X International
CIX
$296M
$170K 0.09%
12,709
– –
ICCC icon
68
ImmuCell
ICCC
$59M
$119K 0.06%
14,559
– –
III icon
69
Information Services Group
III
$249M
$114K 0.06%
27,294
– –
SBET icon
70
SharpLink Gaming
SBET
$3.01B
$109K 0.06%
214
-50
-19% -$25.5K
MAMS
71
DELISTED
MAM Software Group Inc. New
MAMS
$78K 0.04%
10,330
– –
AEHR icon
72
Aehr Test Systems
AEHR
$734M
$68K 0.04%
25,313
– –
MOC
73
DELISTED
Command Security Corporation
MOC
$62K 0.03%
19,995
– –
SRRA
74
DELISTED
Sierra Oncology, Inc. Common Stock
SRRA
– –
-797
Closed -$49K
RLOG
75
DELISTED
Rand Logistics, Inc.
RLOG
– –
-1,794,669
Closed -$565K
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