MA

Minerva Advisors Portfolio holdings

AUM $153M
This Quarter Return
+29.1%
1 Year Return
+32.62%
3 Year Return
+110.86%
5 Year Return
+244.8%
10 Year Return
+500.14%
AUM
$182M
AUM Growth
+$33.3M
Cap. Flow
-$5.25M
Cap. Flow %
-2.89%
Top 10 Hldgs %
61.56%
Holding
79
New
3
Increased
13
Reduced
19
Closed
4

Top Buys

1
ATRO icon
Astronics
ATRO
$3.1M
2
TLS icon
Telos
TLS
$1.37M
3
THRY icon
Thryv Holdings
THRY
$1.06M
4
STFC
State Auto Financial Corp
STFC
$563K
5
RAIL icon
FreightCar America
RAIL
$334K

Top Sells

1
INFU icon
InfuSystem Holdings
INFU
$5.6M
2
USLM icon
United States Lime & Minerals
USLM
$2.49M
3
TRNS icon
Transcat
TRNS
$2.18M
4
CCF
Chase Corporation
CCF
$1.32M
5
ESCA icon
Escalade
ESCA
$389K

Sector Composition

1 Industrials 33.85%
2 Financials 15.47%
3 Healthcare 13.67%
4 Materials 9.47%
5 Communication Services 8.67%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
ICCH
51
DELISTED
ICC Holdings, Inc.
ICCH
$476K 0.26%
33,798
– –
EBMT icon
52
Eagle Bancorp Montana
EBMT
$138M
$465K 0.26%
21,740
– –
SSB icon
53
SouthState Bank Corporation
SSB
$10.3B
$463K 0.25%
6,399
– –
HVBC
54
DELISTED
HV Bancorp, Inc. Common Stock
HVBC
$445K 0.24%
25,890
– –
ACNT icon
55
Ascent Industries
ACNT
$113M
$443K 0.24%
56,841
– –
MFNC
56
DELISTED
Mackinac Financial Corporation
MFNC
$418K 0.23%
32,812
-150
-0.5% -$1.91K
RMBI icon
57
Richmond Mutual Bancorp
RMBI
$141M
$410K 0.23%
30,000
– –
PRA icon
58
ProAssurance
PRA
$1.22B
$393K 0.22%
22,065
– –
VOLT
59
DELISTED
Volt Information Sciences, Inc.
VOLT
$390K 0.21%
220,682
– –
FRME icon
60
First Merchants
FRME
$2.38B
$369K 0.2%
9,875
-2,085
-17% -$77.9K
NWFL icon
61
Norwood Financial Corp
NWFL
$247M
$366K 0.2%
13,985
– –
OFED
62
DELISTED
Oconee Federal Financial Corp.
OFED
$360K 0.2%
14,994
– –
RIVE
63
DELISTED
Riverview Financial Corporation Common Stock
RIVE
$355K 0.2%
38,822
-16,253
-30% -$149K
MSVB
64
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
$312K 0.17%
21,706
– –
ASRV icon
65
AmeriServ Financial
ASRV
$50.1M
$297K 0.16%
94,727
– –
LSBK icon
66
Lake Shore Bancorp
LSBK
$105M
$277K 0.15%
21,306
-4,991
-19% -$64.9K
SCX
67
DELISTED
The L.S. Starrett Company
SCX
$271K 0.15%
64,024
– –
EMCF
68
DELISTED
Emclaire Financial Corp
EMCF
$260K 0.14%
8,666
– –
DGICB
69
Donegal Group Class B
DGICB
$543M
$228K 0.13%
18,989
– –
DGICA icon
70
Donegal Group Class A
DGICA
$671M
$221K 0.12%
15,718
– –
AT
71
DELISTED
Atlantic Power Corporation
AT
$181K 0.1%
+86,251
New +$181K
LGL icon
72
LGL Group
LGL
$35.8M
$171K 0.09%
36,261
– –
SPRT
73
DELISTED
support.com, Inc.
SPRT
$133K 0.07%
61,226
– –
ICCC icon
74
ImmuCell
ICCC
$59M
$87K 0.05%
14,559
– –
III icon
75
Information Services Group
III
$249M
$43K 0.02%
12,955
– –
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3
4