Minerva Advisors

Minerva Advisors as of March 31, 2012

Portfolio Holdings for Minerva Advisors

Minerva Advisors holds 104 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
PMFG 6.5 $9.3M 618k 15.00
KapStone Paper and Packaging 6.0 $8.5M 432k 19.70
Chase Corporation 4.8 $6.9M 435k 15.75
Global Power Equipment Grp I 4.8 $6.8M 245k 27.66
Ats 4.5 $6.5M 2.0M 3.21
KapStone Paper and Packaging 3.9 $5.5M 279k 19.70
Astronics Corporation (ATRO) 3.7 $5.2M 149k 34.96
Dorman Products (DORM) 3.4 $4.8M 94k 50.58
Global Power Equipment Grp I 2.9 $4.1M 148k 27.66
Camden National Corporation (CAC) 2.9 $4.1M 116k 35.15
Apco Oil And Gas Internat 2.8 $4.0M 59k 68.17
InfuSystem Holdings (INFU) 2.5 $3.6M 1.9M 1.94
Belo 2.4 $3.5M 484k 7.17
U.S. Lime & Minerals (USLM) 2.3 $3.3M 55k 59.50
Globecomm Systems 2.1 $3.0M 210k 14.46
L.B. Foster Company (FSTR) 2.1 $3.0M 106k 28.51
E.W. Scripps Company (SSP) 2.1 $3.0M 300k 9.87
Globecomm Systems 2.0 $2.8M 195k 14.46
EDAC Technologies Corporation 1.9 $2.7M 206k 12.85
Eastern Company (EML) 1.7 $2.4M 121k 20.00
U.S. Lime & Minerals (USLM) 1.6 $2.3M 39k 59.51
A. H. Belo Corporation 1.5 $2.1M 432k 4.89
Dawson Geophysical Company 1.4 $2.0M 60k 34.30
Escalade (ESCA) 1.2 $1.8M 300k 5.92
Atrion Corporation (ATRI) 1.2 $1.8M 8.3k 210.27
Virco Mfg. Corporation (VIRC) 1.2 $1.7M 836k 2.05
Journal Communications 1.2 $1.7M 297k 5.63
Onvia 1.1 $1.6M 403k 3.91
Great Lakes Dredge & Dock Corporation (GLDD) 1.1 $1.6M 217k 7.22
A. H. Belo Corporation 1.1 $1.5M 308k 4.89
Great Lakes Dredge & Dock Corporation (GLDD) 1.0 $1.4M 199k 7.22
Journal Communications 0.9 $1.4M 240k 5.63
TF Financial Corporation 0.9 $1.3M 55k 24.15
ProAssurance Corporation (PRA) 0.9 $1.2M 14k 88.13
Asml Holding Nv Adr depository receipts 0.9 $1.2M 24k 50.15
Ampco-Pittsburgh (AP) 0.8 $1.2M 59k 20.14
Universal Stainless & Alloy Products (USAP) 0.8 $1.2M 28k 42.58
Deluxe Corporation (DLX) 0.7 $1.0M 45k 23.42
Ecology and Environment 0.7 $1.0M 70k 14.91
Gtsi 0.7 $1.0M 213k 4.86
Wpx Energy 0.7 $1.0M 58k 18.03
Gtsi 0.7 $964k 198k 4.86
Northwest Bancshares (NWBI) 0.7 $936k 74k 12.71
Pathfinder Ban 0.6 $873k 93k 9.44
Capital Senior Living Corporation 0.6 $818k 89k 9.23
Century Ban 0.5 $722k 27k 27.30
Charter Financial Corporation 0.5 $654k 73k 8.96
Mod-pac 0.4 $632k 90k 7.00
Citizens & Northern Corporation (CZNC) 0.4 $527k 27k 19.89
Teche Holding Company 0.4 $521k 14k 37.75
Argan (AGX) 0.4 $509k 32k 16.07
PT GA Cimatron Ltd ord 0.4 $510k 128k 3.98
Oba Financial Services 0.3 $496k 35k 14.02
Kimco Realty Corporation (KIM) 0.3 $433k 23k 19.24
Mod-pac 0.3 $429k 61k 6.99
Aerosonic Corporation 0.3 $416k 169k 2.46
Community Bank System (CBU) 0.3 $401k 14k 28.77
Providence & Worcester Railroad Company 0.3 $399k 27k 14.78
Charter Financial Corporation 0.3 $376k 42k 8.95
Donegal (DGICB) 0.3 $370k 22k 16.50
Donegal (DGICA) 0.2 $343k 25k 13.65
Barclays Bk Plc ipth s^p vix 0.2 $336k 20k 16.80
Norwood Financial Corporation (NWFL) 0.2 $348k 13k 25.96
Citizens & Northern Corporation (CZNC) 0.2 $326k 16k 19.88
Teche Holding Company 0.2 $321k 8.5k 37.76
Lin Tv 0.2 $308k 77k 4.00
Jacksonville Ban 0.2 $296k 19k 15.22
MutualFirst Financial 0.2 $304k 31k 9.82
Roma Financial Corporation 0.2 $286k 29k 9.82
Alliance Fiber Optic Products 0.2 $282k 30k 9.48
Aerosonic Corporation 0.2 $284k 116k 2.46
Century Ban 0.2 $264k 9.7k 27.32
Emclaire Financial 0.2 $273k 15k 17.78
Oconee Fed Finl Corp (OFED) 0.2 $264k 23k 11.53
Eagle Ban (EBMT) 0.2 $257k 25k 10.12
Beneficial Mutual Ban 0.1 $218k 25k 8.75
Koss Corporation (KOSS) 0.1 $212k 39k 5.39
People's United Financial 0.1 $192k 15k 13.22
Investors Ban 0.1 $180k 12k 15.00
Jacksonville Ban 0.1 $178k 12k 15.21
United Online 0.1 $168k 35k 4.88
Superior Uniform (SGC) 0.1 $169k 15k 11.66
BCSB Ban 0.1 $158k 12k 12.75
PT GA Cimatron Ltd ord 0.1 $161k 41k 3.97
Fox Chase Ban 0.1 $139k 11k 13.00
Breeze-Eastern Corporation 0.1 $109k 13k 8.38
Susquehanna Bancshares 0.1 $99k 12k 8.38
AmeriServ Financial (ASRV) 0.1 $99k 38k 2.61
CMS Ban 0.1 $87k 12k 7.27
Universal Stainless & Alloy Products (USAP) 0.1 $77k 1.8k 42.78
Mer Telemanagement 0.1 $64k 34k 1.90
Searchmedia Hldgs 0.1 $67k 40k 1.67
CFS Ban 0.0 $53k 9.7k 5.46
CMS Ban 0.0 $57k 7.8k 7.31
Alliance Fiber Optic Products 0.0 $62k 6.6k 9.39
Aehr Test Systems (AEHR) 0.0 $55k 59k 0.94
CFS Ban 0.0 $48k 8.7k 5.52
AmeriServ Financial (ASRV) 0.0 $37k 14k 2.61
BCSB Ban 0.0 $47k 3.7k 12.67
Mer Telemanagement 0.0 $39k 21k 1.89
Yadkin Valley Financial 0.0 $15k 5.1k 2.96
Giga-tronics, Incorporated 0.0 $19k 13k 1.45
Superior Uniform (SGC) 0.0 $12k 1.0k 12.00
Searchmedia Holdings Ltd *w exp 11/19/201 0.0 $3.0k 25k 0.12