Athena Capital Management

Athena Capital Management as of June 30, 2011

Portfolio Holdings for Athena Capital Management

Athena Capital Management holds 101 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
PMFG 8.8 $12M 627k 19.85
Ats 6.3 $8.9M 2.0M 4.38
KapStone Paper and Packaging 5.2 $7.4M 449k 16.57
Chase Corporation 4.9 $7.0M 416k 16.76
Global Power Equipment Grp I 4.3 $6.2M 233k 26.52
Astronics Corporation (ATRO) 3.7 $5.2M 170k 30.80
KapStone Paper and Packaging 3.7 $5.2M 314k 16.57
Dorman Products (DORM) 3.1 $4.5M 113k 39.57
Apco Oil And Gas Internat 3.1 $4.4M 51k 86.93
Global Power Equipment Grp I 3.0 $4.3M 160k 26.52
InfuSystem Holdings (INFU) 2.9 $4.0M 1.9M 2.16
Camden National Corporation (CAC) 2.8 $3.9M 119k 32.81
Belo 2.6 $3.7M 492k 7.53
Globecomm Systems 2.5 $3.5M 227k 15.56
E.W. Scripps Company (SSP) 2.1 $3.0M 306k 9.67
Globecomm Systems 1.9 $2.8M 178k 15.56
U.S. Lime & Minerals (USLM) 1.8 $2.6M 63k 41.00
L.B. Foster Company (FSTR) 1.8 $2.5M 89k 27.87
Virco Mfg. Corporation (VIRC) 1.6 $2.3M 836k 2.80
Dawson Geophysical Company 1.4 $2.1M 60k 34.15
Eastern Company (EML) 1.4 $2.0M 124k 16.13
Atrion Corporation (ATRI) 1.3 $1.9M 9.4k 198.00
Escalade (ESCA) 1.3 $1.8M 300k 6.04
Onvia 1.3 $1.8M 394k 4.58
A. H. Belo Corporation 1.2 $1.6M 221k 7.44
U.S. Lime & Minerals (USLM) 1.1 $1.6M 39k 41.00
A. H. Belo Corporation 1.1 $1.5M 202k 7.44
Ampco-Pittsburgh (AP) 1.0 $1.4M 61k 23.44
Journal Communications 1.0 $1.4M 273k 5.17
Universal Stainless & Alloy Products (USAP) 1.0 $1.4M 30k 46.53
Journal Communications 0.9 $1.3M 249k 5.17
Ecology and Environment 0.9 $1.2M 72k 17.15
TF Financial Corporation 0.9 $1.2M 57k 21.41
Great Lakes Dredge & Dock Corporation (GLDD) 0.8 $1.1M 203k 5.58
Gtsi 0.8 $1.1M 212k 5.38
Deluxe Corporation (DLX) 0.8 $1.1M 45k 24.72
Great Lakes Dredge & Dock Corporation (GLDD) 0.8 $1.1M 197k 5.58
Gtsi 0.8 $1.1M 199k 5.38
EDAC Technologies Corporation 0.7 $1.0M 220k 4.69
ProAssurance Corporation (PRA) 0.7 $993k 14k 70.04
Northwest Bancshares (NWBI) 0.7 $926k 74k 12.58
Asml Holding Nv Adr depository receipts 0.6 $911k 25k 36.92
Penn Millers Holding Corporation 0.6 $839k 50k 16.93
Capital Senior Living Corporation 0.6 $824k 89k 9.30
Pathfinder Ban 0.6 $820k 93k 8.86
Teche Holding Company 0.6 $776k 22k 34.78
Century Ban 0.5 $700k 27k 26.47
Charter Financial Corporation 0.5 $693k 70k 9.90
L.B. Foster Company (FSTR) 0.5 $632k 19k 32.94
Aerosonic Corporation 0.4 $588k 169k 3.48
Oba Financial Services 0.4 $523k 35k 14.77
Danvers Ban (DNBK) 0.3 $435k 20k 21.75
Charter Financial Corporation 0.3 $446k 45k 9.91
Kimco Realty Corporation (KIM) 0.3 $419k 23k 18.62
Citizens & Northern Corporation (CZNC) 0.3 $407k 27k 15.07
Aerosonic Corporation 0.3 $402k 116k 3.48
Donegal (DGICB) 0.3 $393k 22k 17.50
Norwood Financial Corporation (NWFL) 0.3 $403k 15k 26.07
Providence & Worcester Railroad Company 0.3 $383k 27k 14.20
PT GA Cimatron Ltd ord 0.2 $360k 105k 3.43
Community Bank System (CBU) 0.2 $346k 14k 24.82
Donegal (DGICA) 0.2 $322k 25k 12.81
MutualFirst Financial 0.2 $310k 34k 9.13
Roma Financial Corporation 0.2 $295k 28k 10.54
Argan (AGX) 0.2 $297k 29k 10.18
Citizens & Northern Corporation (CZNC) 0.2 $300k 20k 15.08
Alliance Fiber Optic Products 0.2 $271k 32k 8.45
Eagle Ban (EBMT) 0.2 $272k 25k 10.71
Oconee Fed Finl Corp (OFED) 0.2 $276k 23k 12.05
Century Ban 0.2 $256k 9.7k 26.49
Koss Corporation (KOSS) 0.2 $243k 39k 6.18
Jacksonville Ban 0.2 $243k 19k 12.50
BCSB Ban 0.2 $224k 16k 13.89
Mod-pac 0.2 $233k 40k 5.90
United Online 0.1 $209k 35k 6.06
Beneficial Mutual Ban 0.1 $205k 25k 8.23
Mod-pac 0.1 $193k 33k 5.93
Emclaire Financial 0.1 $194k 12k 16.16
Investors Ban 0.1 $170k 12k 14.17
Superior Uniform (SGC) 0.1 $170k 15k 11.72
PT GA Cimatron Ltd ord 0.1 $152k 44k 3.42
Fox Chase Ban 0.1 $145k 11k 13.56
Jacksonville Ban 0.1 $146k 12k 12.48
Breeze-Eastern Corporation 0.1 $145k 13k 11.15
CFS Ban 0.1 $96k 18k 5.36
CMS Ban 0.1 $104k 12k 8.68
AmeriServ Financial (ASRV) 0.1 $80k 41k 1.95
Aehr Test Systems (AEHR) 0.1 $78k 59k 1.33
CMS Ban 0.1 $67k 7.8k 8.59
Searchmedia Hldgs 0.1 $77k 40k 1.91
Mer Telemanagement 0.0 $51k 34k 1.51
Alliance Fiber Optic Products 0.0 $36k 4.3k 8.37
CFS Ban 0.0 $30k 5.5k 5.45
AmeriServ Financial (ASRV) 0.0 $22k 11k 1.96
Giga-tronics, Incorporated 0.0 $28k 13k 2.14
Mer Telemanagement 0.0 $31k 21k 1.50
Yadkin Valley Financial 0.0 $11k 5.1k 2.17
Exceed Company Ltd unit 0.0 $13k 32k 0.41
Superior Uniform (SGC) 0.0 $12k 1.0k 12.00
Searchmedia Holdings Ltd *w exp 11/19/201 0.0 $5.0k 25k 0.20
Exceed Company Ltd unit 0.0 $6.0k 15k 0.40