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 14
Decreased Positions 9
Positions with Activity 23
Sold Out Positions 2
Total Mkt Value (in $ millions) 166

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

Sector Weighting

Basic Materials 19.59%
Capital Goods 11.31%
Conglomerates
Consumer Cyclical 7.46%
Consumer/Non-Cyclical 1.75%
Energy 0.58%
Financial 16.1%
Healthcare 5.58%
Services 14.22%
Technology 17.68%
Transportation 1.79%
Utilities

76 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
KIMCO RLTY CORP COM -569 Sold Out 0
TIGER MEDIA INC COM -33 Sold Out 0
WATERSTONE FINL INC MD COM 204 -758 (78.79) 16,000
NATIONAL PENN BANCSHARES INC COM 1,290 -1,757 (57.65) 122,436
MOLYCORP INC DEL COM 12 -12 (49.92) 15,593
DELUXE CORP COM 2,899 -100 (3.35) 43,300
A H BELO CORP COM CL A 5,754 -29 (0.5) 772,384
KAPSTONE PAPER & PACKAGING CRP COM 18,348 -87 (0.47) 616,749
PATHFINDER BANCORP INC MD COM 1,572 (0) 155,151
AEHR TEST SYSTEMS COM 136 New 58,702
AMERISERV FINL INC COM 167 New 52,200
AMPCO-PITTSBURGH CORP COM 993 New 59,971
ASML HOLDING N V N Y REGISTRY SHS 1,695 New 17,937
ASTRONICS CORP COM 2,449 New 33,489
ATRION CORP COM 2,772 New 8,342
BENEFICIAL BANCORP INC COM 341 New 30,232
BREEZE EASTERN CORP COM 132 New 13,000
CAMDEN NATL CORP COM 4,448 New 115,836
CENTURY BANCORP INC MASS CL A NON VTG 1,421 New 36,113
CHARTER FINL CORP MD COM 1,668 New 139,658