Minerva Advisors

Minerva Advisors as of Dec. 31, 2013

Portfolio Holdings for Minerva Advisors

Minerva Advisors holds 75 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
KapStone Paper and Packaging 10.9 $19M 360k 52.11
Chase Corporation 8.5 $15M 418k 35.30
Navigator Holdings Ltd Com Stk (NVGS) 5.5 $9.6M 355k 26.95
Global Power Equipment Grp I 5.2 $9.0M 463k 19.53
E.W. Scripps Company (SSP) 4.1 $7.1M 328k 21.72
PMFG 4.0 $6.9M 766k 9.03
U.S. Lime & Minerals (USLM) 3.8 $6.6M 108k 61.30
Apco Oil And Gas Internat 3.8 $6.6M 422k 15.55
A. H. Belo Corporation 3.3 $5.7M 769k 7.47
Journal Communications 3.2 $5.5M 587k 9.31
L.B. Foster Company (FSTR) 2.9 $5.0M 106k 47.25
Camden National Corporation (CAC) 2.8 $4.9M 116k 42.22
Escalade (ESCA) 2.6 $4.5M 380k 11.77
Great Lakes Dredge & Dock Corporation (GLDD) 2.4 $4.2M 455k 9.19
InfuSystem Holdings (INFU) 2.3 $4.0M 1.9M 2.14
Astronics 2.0 $3.5M 68k 50.96
Transcat (TRNS) 1.9 $3.3M 414k 7.93
Material Sciences Corporation 1.7 $3.0M 254k 11.71
Dorman Products (DORM) 1.6 $2.7M 49k 56.06
Atrion Corporation (ATRI) 1.4 $2.5M 8.3k 296.22
Deluxe Corporation (DLX) 1.4 $2.3M 45k 52.19
Astronics Corporation (ATRO) 1.3 $2.3M 45k 50.96
Virco Mfg. Corporation (VIRC) 1.2 $2.1M 942k 2.27
Eastern Company (EML) 1.2 $2.0M 128k 15.91
Dawson Geophysical Company 1.2 $2.0M 60k 33.74
Onvia 1.1 $1.9M 403k 4.72
TF Financial Corporation 1.1 $1.9M 69k 27.76
Rand Logistics 1.0 $1.8M 306k 5.75
Asml Holding (ASML) 0.9 $1.6M 17k 93.73
PT GA Cimatron Ltd ord 0.9 $1.5M 169k 8.99
Charter Fin. 0.9 $1.5M 140k 10.77
ProAssurance Corporation (PRA) 0.8 $1.4M 28k 48.48
Malvern Ban 0.8 $1.3M 120k 10.82
Century Ban 0.7 $1.2M 36k 33.23
Pathfinder Ban 0.7 $1.2M 93k 12.79
Wpx Energy 0.7 $1.2M 58k 20.39
Ampco-Pittsburgh (AP) 0.7 $1.1M 59k 19.46
Teche Holding Company 0.6 $1.1M 22k 49.86
Northwest Bancshares (NWBI) 0.6 $1.1M 74k 14.78
Universal Stainless & Alloy Products (USAP) 0.6 $1.1M 30k 35.88
Investors Ban 0.5 $930k 36k 25.59
Argan (AGX) 0.5 $789k 29k 27.53
Ecology and Environment 0.5 $780k 71k 11.01
Oba Financial Services 0.4 $642k 35k 18.14
Jacksonville Ban 0.3 $607k 31k 19.48
Community Bank System (CBU) 0.3 $553k 14k 39.68
Citizens & Northern 0.3 $545k 27k 20.57
Providence & Worcester Railroad Company 0.3 $524k 27k 19.41
MutualFirst Financial 0.3 $524k 31k 16.94
Donegal (DGICB) 0.3 $477k 22k 22.18
Kimco Realty Corporation (KIM) 0.3 $444k 23k 19.73
Mer Telemanagement 0.3 $454k 177k 2.56
SIFCO Industries (SIF) 0.2 $420k 15k 28.00
BCSB Ban 0.2 $421k 16k 26.15
Donegal (DGICA) 0.2 $399k 25k 15.87
Norwood Financial Corporation (NWFL) 0.2 $395k 15k 26.79
Oconee Fed Finl Corp (OFED) 0.2 $390k 23k 17.03
Emclaire Financial 0.2 $365k 15k 23.78
Citizens & Northern Corporation (CZNC) 0.2 $337k 16k 20.55
Lake Shore Ban (LSBK) 0.2 $351k 29k 12.23
Beneficial Mutual Ban 0.2 $299k 28k 10.89
Superior Uniform (SGC) 0.2 $296k 19k 15.35
Eagle Ban (EBMT) 0.2 $280k 26k 10.95
People's United Financial 0.1 $219k 15k 15.08
Koss Corporation (KOSS) 0.1 $227k 45k 5.09
Mam Software Group 0.1 $206k 41k 5.01
Moly 0.1 $174k 31k 5.58
CMS Ban 0.1 $175k 20k 8.85
Aehr Test Systems (AEHR) 0.1 $179k 59k 3.04
AmeriServ Financial (ASRV) 0.1 $158k 52k 3.03
Breeze-Eastern Corporation 0.1 $120k 13k 9.23
Asml Holding N V ny reg 0.1 $110k 1.2k 93.54
PSB Holdings 0.1 $93k 15k 6.37
Tiger Media 0.0 $45k 30k 1.50
Giga-tronics, Incorporated 0.0 $13k 13k 0.99