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 19.47%
Capital Goods 16.7%
Conglomerates
Consumer Cyclical 6.33%
Consumer/Non-Cyclical 1.23%
Energy 4.54%
Financial 15.47%
Healthcare 3.06%
Services 14.84%
Technology 18.06%
Transportation 0.3%
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
DONEGAL GROUP INC CL A 368 New 25,143
ECOLOGY & ENVIRONMENT INC CL A 908 11 1.17 70,411
JOURNAL COMMUNICATIONS INC CL A 4,039 344 9.31 587,077
LIN TV CORP CL A 906 -327 (26.49) 76,576
SCRIPPS E W CO OHIO CL A NEW 4,420 340 8.33 325,264
CENTURY BANCORP INC MASS CL A NON VTG 1,200 New 36,113
DONEGAL GROUP INC CL B 442 -10 (2.23) 21,506
AEHR TEST SYSTEMS COM 82 New 58,702
AMERISERV FINL INC COM 156 New 52,200
AMPCO-PITTSBURGH CORP COM 1,112 New 58,900
ARGAN INC COM 739 New 43,961
ASTRONICS CORP COM 4,704 61 1.32 144,639
ATRION CORP COM 1,743 New 8,342
BCSB BANCORP INC COM 267 New 16,106
BENEFICIAL MUTUAL BANCORP INC COM 219 New 24,916
BREEZE EASTERN CORP COM 110 New 13,000
CAMDEN NATL CORP COM 4,202 New 116,036
CAPITAL SR LIVING CORP COM -1,795 Sold Out 0
CFS BANCORP INC COM 192 New 18,400
CHARTER FINL CORP MD COM 1,124 -30 (2.61) 112,000