Minerva Advisors

Minerva Advisors as of Sept. 30, 2012

Portfolio Holdings for Minerva Advisors

Minerva Advisors holds 103 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
KapStone Paper and Packaging 7.6 $9.7M 432k 22.39
Chase Corporation 6.4 $8.1M 440k 18.37
KapStone Paper and Packaging 4.9 $6.2M 279k 22.39
Global Power Equipment Grp I 4.2 $5.4M 290k 18.49
PMFG 4.2 $5.3M 656k 8.09
Dorman Products (DORM) 3.7 $4.8M 151k 31.51
Astronics Corporation (ATRO) 3.5 $4.4M 143k 30.80
Camden National Corporation (CAC) 3.4 $4.3M 116k 37.05
Belo 3.0 $3.8M 484k 7.83
L.B. Foster Company (FSTR) 2.7 $3.4M 106k 32.34
Global Power Equipment Grp I 2.5 $3.2M 173k 18.49
E.W. Scripps Company (SSP) 2.5 $3.2M 300k 10.65
U.S. Lime & Minerals (USLM) 2.2 $2.8M 58k 48.21
EDAC Technologies Corporation 2.1 $2.7M 189k 14.12
Globecomm Systems 1.9 $2.4M 211k 11.15
Globecomm Systems 1.7 $2.2M 199k 11.15
A. H. Belo Corporation 1.7 $2.2M 450k 4.83
Eastern Company (EML) 1.7 $2.2M 115k 18.74
U.S. Lime & Minerals (USLM) 1.6 $2.0M 43k 48.21
InfuSystem Holdings (INFU) 1.6 $2.0M 1.1M 1.76
Virco Mfg. Corporation (VIRC) 1.6 $2.0M 836k 2.37
Atrion Corporation (ATRI) 1.4 $1.8M 8.3k 221.62
Great Lakes Dredge & Dock Corporation (GLDD) 1.3 $1.7M 222k 7.70
Escalade (ESCA) 1.3 $1.7M 317k 5.33
Great Lakes Dredge & Dock Corporation (GLDD) 1.2 $1.6M 202k 7.70
Journal Communications 1.2 $1.5M 297k 5.20
A. H. Belo Corporation 1.2 $1.5M 318k 4.83
Onvia 1.2 $1.5M 403k 3.76
Dawson Geophysical Company 1.2 $1.5M 60k 25.26
Deluxe Corporation (DLX) 1.1 $1.4M 45k 30.56
Apco Oil And Gas Internat 1.0 $1.3M 82k 16.09
TF Financial Corporation 1.0 $1.3M 55k 23.80
ProAssurance Corporation (PRA) 1.0 $1.3M 14k 90.42
Capital Senior Living Corporation 1.0 $1.3M 89k 14.46
InfuSystem Holdings (INFU) 1.0 $1.3M 732k 1.76
Asml Holding Nv Adr depository receipts 1.0 $1.3M 23k 53.70
Journal Communications 1.0 $1.2M 240k 5.20
Ampco-Pittsburgh (AP) 0.8 $1.1M 59k 18.45
Universal Stainless & Alloy Products (USAP) 0.8 $1.0M 28k 37.13
Pathfinder Ban 0.8 $984k 93k 10.64
Wpx Energy 0.8 $960k 58k 16.60
Northwest Bancshares (NWBI) 0.7 $900k 74k 12.22
Ecology and Environment 0.7 $862k 70k 12.38
Century Ban 0.7 $844k 27k 31.91
Argan (AGX) 0.6 $767k 44k 17.44
Charter Financial Corporation 0.6 $712k 73k 9.75
Teche Holding Company 0.4 $559k 14k 40.51
Aerosonic Corporation 0.4 $558k 178k 3.13
Oba Financial Services 0.4 $538k 35k 15.20
PT GA Cimatron Ltd ord 0.4 $536k 142k 3.77
Citizens & Northern Corporation (CZNC) 0.4 $520k 27k 19.62
Lin Tv 0.4 $463k 104k 4.44
Kimco Realty Corporation (KIM) 0.3 $428k 23k 19.02
Mod-pac 0.3 $418k 93k 4.48
Charter Financial Corporation 0.3 $410k 42k 9.76
Donegal (DGICB) 0.3 $404k 22k 18.01
Norwood Financial Corporation (NWFL) 0.3 $405k 13k 30.20
Community Bank System (CBU) 0.3 $393k 14k 28.20
Donegal (DGICA) 0.3 $353k 25k 14.03
Moly 0.3 $357k 31k 11.48
Providence & Worcester Railroad Company 0.3 $361k 27k 13.37
MutualFirst Financial 0.3 $354k 31k 11.44
Aerosonic Corporation 0.3 $362k 116k 3.13
Oconee Fed Finl Corp (OFED) 0.3 $360k 23k 15.72
Teche Holding Company 0.3 $344k 8.5k 40.47
Emclaire Financial 0.3 $345k 15k 22.46
Citizens & Northern Corporation (CZNC) 0.2 $322k 16k 19.63
Jacksonville Ban 0.2 $321k 19k 16.51
Century Ban 0.2 $308k 9.7k 31.87
Mod-pac 0.2 $304k 68k 4.48
Eagle Ban (EBMT) 0.2 $275k 25k 10.83
Alliance Fiber Optic Products 0.2 $268k 30k 9.01
Roma Financial Corporation 0.2 $260k 29k 8.93
Beneficial Mutual Ban 0.2 $238k 25k 9.55
Investors Ban 0.2 $219k 12k 18.25
PT GA Cimatron Ltd ord 0.2 $205k 54k 3.77
Koss Corporation (KOSS) 0.1 $197k 39k 5.00
Jacksonville Ban 0.1 $193k 12k 16.49
People's United Financial 0.1 $176k 15k 12.12
Barclays Bk Plc ipth s^p vix 0.1 $180k 20k 9.00
Superior Uniform (SGC) 0.1 $174k 15k 12.00
Fox Chase Ban 0.1 $167k 11k 15.62
BCSB Ban 0.1 $170k 12k 13.71
Susquehanna Bancshares 0.1 $123k 12k 10.42
AmeriServ Financial (ASRV) 0.1 $113k 38k 2.97
United Online 0.1 $101k 18k 5.60
CMS Ban 0.1 $96k 12k 8.02
Breeze-Eastern Corporation 0.1 $96k 13k 7.38
Mer Telemanagement 0.1 $86k 34k 2.55
Universal Stainless & Alloy Products (USAP) 0.1 $67k 1.8k 37.22
CMS Ban 0.1 $62k 7.8k 7.95
Alliance Fiber Optic Products 0.1 $59k 6.6k 8.94
Aehr Test Systems (AEHR) 0.1 $65k 59k 1.10
CFS Ban 0.0 $48k 8.7k 5.52
CFS Ban 0.0 $53k 9.7k 5.46
BCSB Ban 0.0 $51k 3.7k 13.75
Mer Telemanagement 0.0 $56k 22k 2.53
Searchmedia Hldgs 0.0 $46k 30k 1.54
AmeriServ Financial (ASRV) 0.0 $42k 14k 2.96
Giga-tronics, Incorporated 0.0 $22k 13k 1.68
Yadkin Valley Financial 0.0 $17k 5.1k 3.36
Superior Uniform (SGC) 0.0 $12k 1.0k 12.00
Searchmedia Holdings Ltd *w exp 11/19/201 0.0 $1.0k 25k 0.04