MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
-0.7%
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
+$249K
Cap. Flow %
0.14%
Top 10 Hldgs %
54.77%
Holding
87
New
2
Increased
7
Reduced
53
Closed
1

Top Buys

1
RAIL icon
FreightCar America
RAIL
$693K
2
AE
Adams Resources & Energy Inc.
AE
$678K
3
RMBI icon
Richmond Mutual Bancorp
RMBI
$420K
4
KEQU icon
Kewaunee Scientific
KEQU
$207K
5
SGA icon
Saga Communications
SGA
$138K

Top Sells

1
STFC
State Auto Financial Corp
STFC
$287K
2
GLDD icon
Great Lakes Dredge & Dock
GLDD
$187K
3
CAC icon
Camden National
CAC
$143K
4
USLM icon
United States Lime & Minerals
USLM
$141K
5
LGL icon
LGL Group
LGL
$127K

Sector Composition

1 Industrials 33.82%
2 Financials 20.1%
3 Materials 11.49%
4 Communication Services 9.86%
5 Healthcare 7.39%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
ASRV icon
51
AmeriServ Financial
ASRV
$50.1M
$518K 0.29%
125,883
-2,117
-2% -$8.71K
NWFL icon
52
Norwood Financial Corp
NWFL
$247M
$486K 0.27%
15,691
-120
-0.8% -$3.72K
OFED
53
DELISTED
Oconee Federal Financial Corp.
OFED
$486K 0.27%
22,256
-646
-3% -$14.1K
MFNC
54
DELISTED
Mackinac Financial Corporation
MFNC
$466K 0.26%
30,088
-306
-1% -$4.74K
EMCF
55
DELISTED
Emclaire Financial Corp
EMCF
$464K 0.26%
14,918
-441
-3% -$13.7K
KOSS icon
56
Koss Corp
KOSS
$58.6M
$455K 0.25%
227,623
-2,246
-1% -$4.49K
TFC icon
57
Truist Financial
TFC
$59.8B
$453K 0.25%
8,488
– –
FRME icon
58
First Merchants
FRME
$2.38B
$450K 0.25%
11,960
– –
ASML icon
59
ASML
ASML
$290B
$449K 0.25%
1,807
– –
GPX
60
DELISTED
GP Strategies Corp.
GPX
$449K 0.25%
34,908
– –
EBMT icon
61
Eagle Bancorp Montana
EBMT
$138M
$432K 0.24%
25,343
-255
-1% -$4.35K
LSBK icon
62
Lake Shore Bancorp
LSBK
$105M
$420K 0.23%
29,461
-208
-0.7% -$2.97K
RMBI icon
63
Richmond Mutual Bancorp
RMBI
$141M
$420K 0.23%
+30,000
New +$420K
ICCH
64
DELISTED
ICC Holdings, Inc.
ICCH
$401K 0.22%
29,727
-273
-0.9% -$3.68K
DGICA icon
65
Donegal Group Class A
DGICA
$671M
$399K 0.22%
27,209
-953
-3% -$14K
WSFS icon
66
WSFS Financial
WSFS
$3.21B
$397K 0.22%
9,009
-48
-0.5% -$2.12K
TCF
67
DELISTED
TCF Financial Corporation Common Stock
TCF
$397K 0.22%
10,425
– –
HVBC
68
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$382K 0.21%
25,890
– –
DLHC icon
69
DLH Holdings
DLHC
$85M
$376K 0.21%
87,192
+8,000
+10% +$34.5K
CIX icon
70
Comp X International
CIX
$296M
$367K 0.2%
25,616
+8,568
+50% +$123K
FTK icon
71
Flotek Industries
FTK
$343M
$366K 0.2%
27,692
+2,025
+8% +$26.8K
PBBI
72
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$352K 0.2%
30,578
-255
-0.8% -$2.94K
STFC
73
DELISTED
State Auto Financial Corp
STFC
$327K 0.18%
10,123
-8,900
-47% -$287K
DGICB
74
Donegal Group Class B
DGICB
$543M
$317K 0.18%
25,357
-449
-2% -$5.61K
MSVB
75
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$284K 0.16%
21,706
– –
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