Minerva Advisors LLC

Q2 2014 13F-HR Holdings

Location
Bala Cynwyd, PA
Holdings as of
6/30/2014
Date filed
7/25/2014
Form type
13F-HR
Num holdings
78
Total value ($000)
$176,187
Net value change ($000)
+7,441 (4.4%)
New positions
2
Sold out positions
3
Turnover %
2.7%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q1 2014
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EML 3,580 170.7%
KAPSTONE PAPER & PACKAGING C 2,310 11.8%
IBERIABANK CORP 1,792 NEW
SSP 1,319 22.7%
CHASE CORP 1,091 8.3%
USLM 879 14.4%
Third Harmonic Bio, Inc. 853 41.7%
ESCA 844 16.6%
FSTR 751 15.1%
State Auto Financial CORP 536 NEW
Top Reduces (Value $000, Stocks/ETFs)
TECHE HLDG CO -1,762 -100.0%
NOS4-1, Inc. -1,704 -18.6%
DORM -621 -21.5%
AGX -569 -100.0%
GLDD -537 -12.4%
WSBF -429 -29.1%
NVGS -417 -4.6%
PMFG INC -308 -6.7%
RAND LOGISTICS INC -284 -13.4%
CAC -272 -5.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type