MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+14.47%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$188M
AUM Growth
+$188M
Cap. Flow
-$17.8M
Cap. Flow %
-9.47%
Top 10 Hldgs %
58.54%
Holding
88
New
2
Increased
6
Reduced
54
Closed
2

Top Buys

1
GPX
GP Strategies Corp.
GPX
$513K
2
GVP
GSE Systems, Inc.
GVP
$431K
3
KEQU icon
Kewaunee Scientific
KEQU
$255K
4
RAIL icon
FreightCar America
RAIL
$193K
5
SCX
The L.S. Starrett Company
SCX
$92K

Top Sells

1
EEI
Ecology and Environment
EEI
$2.94M
2
TRNS icon
Transcat
TRNS
$1.66M
3
USLM icon
United States Lime & Minerals
USLM
$1.06M
4
CCF
Chase Corporation
CCF
$853K
5
CSFL
CenterState Bank Corporation Common Stock
CSFL
$805K

Sector Composition

1 Industrials 33.94%
2 Financials 19.41%
3 Materials 11.3%
4 Healthcare 10.37%
5 Communication Services 9.74%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
EBMT icon
51
Eagle Bancorp Montana
EBMT
$138M
$517K 0.28%
24,383
-960
-4% -$20.4K
OFED
52
DELISTED
Oconee Federal Financial Corp.
OFED
$515K 0.27%
19,813
-2,443
-11% -$63.5K
MFNC
53
DELISTED
Mackinac Financial Corporation
MFNC
$502K 0.27%
28,932
-1,156
-4% -$20.1K
FRME icon
54
First Merchants
FRME
$2.38B
$497K 0.26%
11,960
– –
ASRV icon
55
AmeriServ Financial
ASRV
$49.2M
$484K 0.26%
115,053
-10,830
-9% -$45.6K
RMBI icon
56
Richmond Mutual Bancorp
RMBI
$141M
$479K 0.26%
30,000
– –
TFC icon
57
Truist Financial
TFC
$59.8B
$478K 0.25%
8,488
– –
TCF
58
DELISTED
TCF Financial Corporation Common Stock
TCF
$472K 0.25%
10,079
-346
-3% -$16.2K
LGL icon
59
LGL Group
LGL
$35.8M
$464K 0.25%
30,973
-37,601
-55% -$563K
CIX icon
60
Comp X International
CIX
$296M
$451K 0.24%
30,951
+5,335
+21% +$77.7K
PBBI
61
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$449K 0.24%
29,612
-966
-3% -$14.6K
HVBC
62
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$440K 0.23%
25,890
– –
LSBK icon
63
Lake Shore Bancorp
LSBK
$105M
$439K 0.23%
28,674
-787
-3% -$12K
KEQU icon
64
Kewaunee Scientific
KEQU
$161M
$434K 0.23%
32,251
+18,951
+142% +$255K
GVP
65
DELISTED
GSE Systems, Inc.
GVP
$431K 0.23%
+260,941
New +$431K
EMCF
66
DELISTED
Emclaire Financial Corp
EMCF
$430K 0.23%
13,250
-1,668
-11% -$54.1K
ICCH
67
DELISTED
ICC Holdings, Inc.
ICCH
$394K 0.21%
28,692
-1,035
-3% -$14.2K
WSFS icon
68
WSFS Financial
WSFS
$3.21B
$389K 0.21%
8,838
-171
-2% -$7.53K
DLHC icon
69
DLH Holdings
DLHC
$85M
$365K 0.19%
87,192
– –
DGICA icon
70
Donegal Group Class A
DGICA
$671M
$348K 0.19%
23,606
-3,603
-13% -$53.1K
FTK icon
71
Flotek Industries
FTK
$343M
$332K 0.18%
166,154
– –
KOSS icon
72
Koss Corp
KOSS
$58.1M
$316K 0.17%
208,730
-18,893
-8% -$28.6K
STFC
73
DELISTED
State Auto Financial Corp
STFC
$314K 0.17%
10,123
– –
MSVB
74
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$292K 0.16%
21,706
– –
DGICB
75
Donegal Group Class B
DGICB
$543M
$285K 0.15%
23,660
-1,697
-7% -$20.4K
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