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

76 Positions as of 12/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
DONEGAL GROUP INC CL A 421 45 12.01 28,162
ECOLOGY & ENVIRONMENT INC CL A 638 New 70,874
JOURNAL COMMUNICATIONS INC CL A 8,336 New 587,077
SAGA COMMUNICATIONS INC CL A NEW 734 80 12.19 16,845
SCRIPPS E W CO OHIO CL A NEW 9,264 98 1.07 340,464
CENTURY BANCORP INC MASS CL A NON VTG 1,438 New 36,113
DONEGAL GROUP INC CL B 441 New 21,506
AEHR TEST SYSTEMS COM 141 New 58,702
AMERISERV FINL INC COM 156 New 52,200
AMPCO-PITTSBURGH CORP COM 1,056 New 59,971
ASTRONICS CORP COM 2,414 New 33,489
ATRION CORP COM 2,841 New 8,342
BENEFICIAL BANCORP INC COM 333 New 30,232
BREEZE EASTERN CORP COM 132 New 13,000
CAMDEN NATL CORP COM 4,471 New 115,836
CHARTER FINL CORP MD COM 1,627 New 139,658
CHASE CORP COM 18,028 New 417,905
CITIZENS & NORTHN CORP COM 854 New 42,900
CMS BANCORP INC COM 262 New 19,775
COMMAND SEC CORP COM 76 New 38,550