Minerva Advisors LLC

Q4 2016 13F Holdings Report, Stock Holdings

Signature - Title
Beth N. Lowson - Attorney-In-Fact for David P. Cohen, President of Minerva
Location
Bala Cynwyd, PA
Holdings as of
31 Dec 2016
Value $
$176,135,000
Num holdings
70
Filing time
09 Feb 2017, 16:08:15 UTC
Form type
13F-HR
Description
All US holdings of this investor are reported in this report. Top holdings included CCF, KS, SSP, USLM, and CAC.
Previous filing
Q3 2016 - 14 Nov 2016
Next filing
Q1 2017 - 11 May 2017
Sym Weight Trade Impact Company Class Share Change Activity Value Change $ Value $ * Price $ Shares Principal
Filing 2016 Q4 compared to 2016 Q3 by default. Changes are calculated vs the previous SEC filing.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Beth N. Lowson Attorney-In-Fact for David P. Cohen, President of Minerva White Plains, New York 09 Feb 2017

In the Information Table, shares reported as "SOLE" under Column 6 and Column 8 are held by Minerva Group, LP, a private fund managed by Minerva Advisors LLC. Shares reported as "OTR" under Column 6 and "SHARED" under Column 8 relate to managed accounts for which Minerva Advisors LLC is the investment advisor.