MINERVA ADVISORS LLC Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 76
New Positions 5
Increased Positions 13
Decreased Positions 5
Positions with Activity 18
Sold Out Positions 0
Total Mkt Value (in $ millions) 174

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

Sector Weighting

Basic Materials 17.24%
Capital Goods 12.41%
Conglomerates
Consumer Cyclical 6.68%
Consumer/Non-Cyclical 1.51%
Energy 5.5%
Financial 15.83%
Healthcare 4.41%
Services 12.97%
Technology 16.6%
Transportation 1.33%
Utilities

76 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
ASTRONICS CORP COM 1,820 -4,353 (70.52) 33,489
KAPSTONE PAPER & PACKAGING CRP COM 19,802 -1,242 (5.9) 677,698
ARGAN INC COM 728 -361 (33.15) 19,154
NAVIGATOR HOLDINGS LTD SHS 9,584 -109 (1.13) 351,074
FNB CORP PA COM 426 (0.01) 33,498
AEHR TEST SYSTEMS COM 155 New 58,702
AMERISERV FINL INC COM 181 New 52,200
ASML HOLDING N V N Y REGISTRY SHS 1,677 New 17,937
ATRION CORP COM 2,678 New 8,342
BENEFICIAL MUTUAL BANCORP INC COM 372 New 27,486
BREEZE EASTERN CORP COM 164 New 13,000
CAMDEN NATL CORP COM 4,476 New 115,836
CENTURY BANCORP INC MASS CL A NON VTG 1,389 New 36,113
CHARTER FINL CORP MD COM 1,536 New 139,658
CHASE CORP COM 15,078 New 417,905
CIMATRON LTD ORD 1,036 New 168,774
CITIZENS & NORTHN CORP COM 828 New 42,900
CMS BANCORP INC COM 221 New 19,775
COMMUNITY BK SYS INC COM 505 New 13,938
DAWSON GEOPHYSICAL CO COM 1,652 New 59,458