MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+3.98%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$195M
AUM Growth
+$195M
Cap. Flow
+$839K
Cap. Flow %
0.43%
Top 10 Hldgs %
55%
Holding
78
New
1
Increased
15
Reduced
7
Closed
1

Top Buys

1
MFNC
Mackinac Financial Corporation
MFNC
$505K
2
SIF icon
SIFCO Industries
SIF
$397K
3
AUD
Audacy, Inc.
AUD
$315K
4
SSP icon
E.W. Scripps
SSP
$268K
5
CUO
Continental Materials Corporation
CUO
$146K

Top Sells

1
JXSB
Jacksonville Bancorp Inc
JXSB
$1.04M
2
STFC
State Auto Financial Corp
STFC
$254K
3
CTG
Computer Task Group, Inc.
CTG
$165K
4
USAP
Universal Stainless & Alloy
USAP
$75.7K
5
MOC
Command Security Corporation
MOC
$11.7K

Sector Composition

1 Industrials 28.5%
2 Materials 20.15%
3 Financials 18.1%
4 Communication Services 10.11%
5 Consumer Discretionary 6.68%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
EMCF
51
DELISTED
Emclaire Financial Corp
EMCF
$527K 0.27%
15,359
– –
ASRV icon
52
AmeriServ Financial
ASRV
$49.2M
$519K 0.27%
128,000
– –
LSBK icon
53
Lake Shore Bancorp
LSBK
$105M
$511K 0.26%
29,669
– –
MFNC
54
DELISTED
Mackinac Financial Corporation
MFNC
$505K 0.26%
+30,395
New +$505K
BNCL
55
DELISTED
Beneficial Bancorp, Inc.
BNCL
$489K 0.25%
30,231
– –
EBMT icon
56
Eagle Bancorp Montana
EBMT
$138M
$488K 0.25%
25,598
– –
LGL icon
57
LGL Group
LGL
$35.8M
$478K 0.24%
92,447
+19,487
+27% +$101K
ICCH
58
DELISTED
ICC Holdings, Inc.
ICCH
$471K 0.24%
30,000
– –
HVBC
59
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$384K 0.2%
25,890
– –
DGICA icon
60
Donegal Group Class A
DGICA
$671M
$384K 0.2%
28,162
– –
CUO
61
DELISTED
Continental Materials Corporation
CUO
$381K 0.19%
23,615
+9,038
+62% +$146K
ASML icon
62
ASML
ASML
$290B
$358K 0.18%
1,807
– –
PBBI
63
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$346K 0.18%
30,833
– –
DGICB
64
Donegal Group Class B
DGICB
$543M
$282K 0.14%
21,506
– –
SAEX
65
DELISTED
SAExploration Holdings, Inc.
SAEX
$219K 0.11%
140,629
-1,856
-1% -$2.9K
FSBC
66
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
$193K 0.1%
11,040
– –
CIX icon
67
Comp X International
CIX
$296M
$168K 0.09%
12,709
– –
RAND icon
68
Rand Capital
RAND
$45.3M
$118K 0.06%
44,495
– –
III icon
69
Information Services Group
III
$249M
$112K 0.06%
27,294
– –
ICCC icon
70
ImmuCell
ICCC
$59.1M
$98K 0.05%
14,559
– –
MAMS
71
DELISTED
MAM Software Group Inc. New
MAMS
$89K 0.05%
10,330
– –
VOLT
72
DELISTED
Volt Information Sciences, Inc.
VOLT
$69K 0.04%
20,300
– –
AEHR icon
73
Aehr Test Systems
AEHR
$734M
$60K 0.03%
25,313
– –
SBET icon
74
SharpLink Gaming
SBET
$2.84B
$43K 0.02%
41,356
– –
MOC
75
DELISTED
Command Security Corporation
MOC
$18K 0.01%
12,100
-7,895
-39% -$11.7K
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