MINERVA ADVISORS LLC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 76
New Positions 3
Increased Positions 13
Decreased Positions 9
Positions with Activity 22
Sold Out Positions 2
Total Mkt Value (in $ millions) 170

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

Sector Weighting

Basic Materials 20.11%
Capital Goods 11.32%
Conglomerates
Consumer Cyclical 7.1%
Consumer/Non-Cyclical 1.71%
Energy 0.48%
Financial 15.69%
Healthcare 5.05%
Services 16.03%
Technology 17.84%
Transportation 1.65%
Utilities

13 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SCRIPPS E W CO OHIO CL A NEW 9,264 98 1.07 340,464
INFUSYSTEM HLDGS INC COM 5,670 101 1.81 2,003,679
VIRCO MFG CO COM 2,796 71 2.60 1,035,403
RAND LOGISTICS INC COM 2,314 1,342 138.15 727,640
COMPUTER TASK GROUP INC COM 1,642 1,642 New 220,116
STATE AUTO FINL CORP COM 1,317 201 17.97 54,938
SAGA COMMUNICATIONS INC CL A NEW 734 80 12.19 16,845
DONEGAL GROUP INC CL A 421 45 12.01 28,162
DAWSON GEOPHYSICAL CO NEW COM 397 243 159.00 90,344
TREDEGAR CORP COM 384 384 New 19,377
MER TELEMANAGEMENT SOLUTIONS SHS 291 30 11.41 197,791
KOSS CORP COM 258 150 139.03 106,355
TRANSENTERIX INC COM NEW 54 54 New 18,343