MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+0.91%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$196M
AUM Growth
+$196M
Cap. Flow
-$1.55M
Cap. Flow %
-0.79%
Top 10 Hldgs %
54.04%
Holding
82
New
5
Increased
8
Reduced
9
Closed
3

Top Buys

1
CSFL
CenterState Bank Corporation Common Stock
CSFL
$2.89M
2
MPB icon
Mid Penn Bancorp
MPB
$1.44M
3
SAEX
SAExploration Holdings, Inc.
SAEX
$1.06M
4
CTG
Computer Task Group, Inc.
CTG
$435K
5
NES
Nuverra Environmental Solutions, Inc. Common Stock
NES
$282K

Top Sells

1
CHFN
Charter Financial Corp
CHFN
$3.37M
2
KS
KapStone Paper and Pack Corp.
KS
$2.02M
3
CCF
Chase Corporation
CCF
$1.13M
4
TRNS icon
Transcat
TRNS
$291K
5
KURA icon
Kura Oncology
KURA
$252K

Sector Composition

1 Industrials 29.2%
2 Materials 19.21%
3 Financials 18.81%
4 Communication Services 11.24%
5 Consumer Discretionary 6.65%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
TCF
51
DELISTED
TCF Financial Corporation Common Stock
TCF
$556K 0.28%
10,425
– –
ASRV icon
52
AmeriServ Financial
ASRV
$49.2M
$550K 0.28%
128,000
– –
FRME icon
53
First Merchants
FRME
$2.38B
$538K 0.28%
11,960
– –
EMCF
54
DELISTED
Emclaire Financial Corp
EMCF
$534K 0.27%
15,359
– –
CSS
55
DELISTED
CSS Industries, Inc.
CSS
$531K 0.27%
37,338
– –
BNCL
56
DELISTED
Beneficial Bancorp, Inc.
BNCL
$510K 0.26%
30,231
– –
MFNC
57
DELISTED
Mackinac Financial Corporation
MFNC
$501K 0.26%
30,394
-1
-0% -$16
LSBK icon
58
Lake Shore Bancorp
LSBK
$105M
$496K 0.25%
29,669
– –
EBMT icon
59
Eagle Bancorp Montana
EBMT
$138M
$462K 0.24%
25,598
– –
ICCH
60
DELISTED
ICC Holdings, Inc.
ICCH
$450K 0.23%
30,000
– –
CUO
61
DELISTED
Continental Materials Corporation
CUO
$419K 0.21%
25,904
+2,289
+10% +$37K
DGICA icon
62
Donegal Group Class A
DGICA
$671M
$400K 0.2%
28,162
– –
HVBC
63
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$397K 0.2%
25,890
– –
PBBI
64
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$362K 0.19%
30,833
– –
ASML icon
65
ASML
ASML
$290B
$340K 0.17%
1,807
– –
DGICB
66
Donegal Group Class B
DGICB
$543M
$291K 0.15%
21,506
– –
NES
67
DELISTED
Nuverra Environmental Solutions, Inc. Common Stock
NES
$282K 0.14%
+25,407
New +$282K
MSVB
68
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$273K 0.14%
+21,706
New +$273K
CIX icon
69
Comp X International
CIX
$296M
$199K 0.1%
14,595
+1,886
+15% +$25.7K
FSBC
70
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
$193K 0.1%
11,040
– –
MAMS
71
DELISTED
MAM Software Group Inc. New
MAMS
$167K 0.09%
10,330
– –
III icon
72
Information Services Group
III
$249M
$130K 0.07%
27,294
– –
ICCC icon
73
ImmuCell
ICCC
$59.1M
$121K 0.06%
14,559
– –
RAND icon
74
Rand Capital
RAND
$45.3M
$108K 0.06%
44,495
– –
VOLT
75
DELISTED
Volt Information Sciences, Inc.
VOLT
$78K 0.04%
20,300
– –
1 2
3
4