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)
142

Sector Weighting

Basic Materials 18.92%
Capital Goods 16.93%
Conglomerates
Consumer Cyclical 6.22%
Consumer/Non-Cyclical 1.18%
Energy 4.56%
Financial 15.45%
Healthcare 3.3%
Services 14.72%
Technology 18.42%
Transportation 0.31%
Utilities

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

83 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 16,843 -2,662 (13.65) 613,577
CAPITAL SR LIVING CORP COM -1,753 Sold Out 0
DORMAN PRODUCTS INC COM 4,674 -1,044 (18.26) 107,410
CIMATRON LTD ORD 939 -368 (28.17) 141,274
LIN TV CORP CL A 908 -327 (26.49) 76,576
BARCLAYS BK PLC IPATH S&P500 VIX -186 Sold Out 0
CHARTER FINL CORP MD COM 1,122 -30 (2.61) 112,000
DONEGAL GROUP INC CL B 480 -11 (2.23) 21,506
TIGER MEDIA INC WT EXP 021913 Sold Out 0
A H BELO CORP COM CL A 5,046 New 767,968
AEHR TEST SYSTEMS COM 75 New 58,702
AEROSONIC CORP DEL COM PAR $0.40 2,277 New 293,778
ALLIANCE FIBER OPTIC PRODS INC COM NEW 692 New 36,360
AMERISERV FINL INC COM 159 New 52,200
AMPCO-PITTSBURGH CORP COM 1,091 New 58,900
ARGAN INC COM 699 New 43,961
ASML HOLDING N V N Y REGISTRY SHS 1,436 New 17,937
ATRION CORP COM 1,761 New 8,342
BCSB BANCORP INC COM 271 New 16,106
BELO CORP COM SER A 5,435 New 483,500

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