MINERVA ADVISORS LLC Information

50 MONUMENT ROAD, BALA CYNWYD, Pennsylvania, 19004, (484) 434-2258

Report Date: 03/31/2013

Position Statistics:

Total Positions 83
New Positions 5
Increased Positions 16
Decreased Positions 9
Positions with Activity 25
Sold Out Positions 3
Total Mkt Value
(in $ millions)
143

Sector Weighting

Basic Materials 19.33%
Capital Goods 16.73%
Conglomerates
Consumer Cyclical 6.38%
Consumer/Non-Cyclical 1.23%
Energy 4.62%
Financial 15.34%
Healthcare 3.13%
Services 15.03%
Technology 17.91%
Transportation 0.3%
Utilities

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

25 Activity Positions as of 03/31/2013

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
KAPSTONE PAPER & PACKAGING CRP COM 17,413 -2,752 (13.65) 613,577
DORMAN PRODUCTS INC COM 4,867 -1,087 (18.26) 107,410
ASTRONICS CORP COM 4,812 63 1.32 144,639
SCRIPPS E W CO OHIO CL A NEW 4,450 342 8.33 325,264
PMFG INC COM 4,295 39 .91 688,273
JOURNAL COMMUNICATIONS INC CL A 4,021 343 9.31 587,077
GREAT LAKES DREDGE & DOCK CORP COM 3,508 81 2.36 433,607
APCO OIL & GAS INTERNATIONAL I SHS 3,286 311 10.44 276,822
TRANSCAT INC COM 2,532 34 1.35 389,472
VIRCO MFG CO COM 1,880 16 .86 858,354
MOD PAC CORP COM 1,410 7 .53 169,866
CHARTER FINL CORP MD COM 1,120 -30 (2.61) 112,000
CIMATRON LTD ORD 992 -389 (28.17) 141,274
LIN TV CORP CL A 931 -336 (26.49) 76,576
ECOLOGY & ENVIRONMENT INC CL A 877 10 1.17 70,411
DONEGAL GROUP INC CL B 473 -11 (2.23) 21,506
PEOPLES BANCORP INC COM 470 470 New 22,882
EAGLE BANCORP MONT INC COM 274 2 .71 25,598
PRUDENTIAL BANCORP INC PA COM 156 156 New 18,436
LAKE SHORE BANCORP INC COM 133 133 New 11,301

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