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Millrace Asset Group Portfolio holdings

AUM $98.4M Turnover 57.58%
1-Year Est. Return 63.71%
This Fund
S&P 500
This Quarter Est. Return
+16.65%
1 Year Est. Return
+63.71%
3 Year Est. Return
+112.82%
5 Year Est. Return
+625.06%
10 Year Est. Return
+4,658.38%
AUM
$98.4M
AUM Growth
-$4.56M
Cap. Flow
-$13.6M
Cap. Flow %
-13.79%
Top 10 Hldgs %
25.61%
Holding
99
New
28
Increased
12
Reduced
30
Closed
29
Avg Time Held
0.6 years
Top 10 Avg Time Held
0.2 years
Top 20 Avg Time Held
0.2 years

Top Buys

Rank Stock Value
1
KRE icon
State Street SPDR S&P Regional Banking ETF
KRE
+$2.61M
2
TREX icon
Trex
TREX
+$2.12M
3
TNDM icon
Tandem Diabetes Care
TNDM
+$1.96M
4
RPAY icon
Repay Holdings
RPAY
+$1.95M
5
SMTC icon
Semtech
SMTC
+$1.93M

Top Sells

Rank Stock Value
1
ULTA icon
Ulta Beauty
ULTA
+$2.7M
2
URBN icon
Urban Outfitters
URBN
+$2.25M
3
MXL icon
MaxLinear
MXL
+$2.14M
4
IRTC icon
iRhythm Holdings
IRTC
+$2.01M
5
ZETA icon
Zeta Global
ZETA
+$1.98M

Sector Composition

Rank Sector Weight
1 Healthcare 26.99%
2 Technology 26.13%
3 Industrials 20.81%
4 Consumer Discretionary 9.09%
5 Miscellaneous 6.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
XBI icon
1
State Street SPDR S&P Biotech ETF
XBI
$10.2B
$3.24M 3.3%
32,847
-2,165
-6% -$213K
2024 Q2
1 quarter
HURN icon
2
Huron Consulting
HURN
$2.78B
$2.69M 2.73%
24,752
-2,558
-9% -$271K
2024 Q2
1 quarter
KRE icon
3
State Street SPDR S&P Regional Banking ETF
KRE
$3.4B
$2.69M 2.73%
+47,464
New +$2.61M
2024 Q3
0 quarters
RPAY icon
4
Repay Holdings
RPAY
$345M
$2.64M 2.68%
323,139
+221,102
+217% +$1.95M
2023 Q2
5 quarters
FOUR icon
5
Shift4
FOUR
$3.13B
$2.41M 2.44%
27,151
+308
+1% +$23.3K
2024 Q2
1 quarter
AVPT icon
6
AvePoint
AVPT
$3.11B
$2.4M 2.44%
204,142
-28,689
-12% -$314K
2024 Q1
2 quarters
SMTC icon
7
Semtech
SMTC
$13.3B
$2.39M 2.43%
+52,405
New +$1.93M
2024 Q3
0 quarters
ZETA icon
8
Zeta Global
ZETA
$8.13B
$2.33M 2.37%
78,071
-83,948
-52% -$1.98M
2022 Q3
8 quarters
MGNI icon
9
Magnite
MGNI
$3.34B
$2.29M 2.33%
165,330
-48,361
-23% -$659K
2024 Q1
2 quarters
RSI icon
10
Rush Street Interactive
RSI
$2.06B
$2.14M 2.17%
+196,814
New +$1.9M
2024 Q3
0 quarters
OSIS icon
11
OSI Systems
OSIS
$3.1B
$2.11M 2.14%
13,879
-2,460
-15% -$354K
2024 Q1
2 quarters
ICUI icon
12
ICU Medical
ICUI
$4.06B
$2.06M 2.1%
11,330
-2,441
-18% -$361K
2024 Q2
1 quarter
CHRW icon
13
C.H. Robinson
CHRW
$16.2B
$2.04M 2.07%
18,471
+3,182
+21% +$309K
2024 Q2
1 quarter
S icon
14
SentinelOne
S
$7.56B
$2.03M 2.07%
+85,013
New +$1.92M
2024 Q3
0 quarters
ATRC icon
15
AtriCure
ATRC
$2.84B
$2.01M 2.04%
71,708
+1,660
+2% +$40.9K
2024 Q1
2 quarters
TREX icon
16
Trex
TREX
$4.75B
$2.01M 2.04%
+30,185
New +$2.12M
2024 Q3
0 quarters
FLR icon
17
Fluor
FLR
$6.16B
$2M 2.03%
41,904
-5,047
-11% -$238K
2023 Q3
4 quarters
TNDM icon
18
Tandem Diabetes Care
TNDM
$1.13B
$1.96M 1.99%
+46,304
New +$1.96M
2024 Q3
0 quarters
LOVE icon
19
LoveSac
LOVE
$207M
$1.96M 1.99%
68,503
+26,481
+63% +$662K
2020 Q2
17 quarters
VSEC icon
20
VSE Corp
VSEC
$4.47B
$1.93M 1.96%
23,364
+956
+4% +$83.2K
2024 Q2
1 quarter
GENI icon
21
Genius Sports
GENI
$1.74B
$1.9M 1.93%
+241,934
New +$1.68M
2024 Q3
0 quarters
FC icon
22
Franklin Covey
FC
$202M
$1.82M 1.84%
44,136
-400
-0.9% -$16K
2024 Q2
1 quarter
CDMO icon
23
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
$1.77M 1.8%
155,796
-27,668
-15% -$278K
2024 Q2
1 quarter
VMD icon
24
Viemed Healthcare
VMD
$366M
$1.7M 1.72%
231,322
+27,084
+13% +$193K
2023 Q4
3 quarters
CNMD icon
25
CONMED
CNMD
$1.38B
$1.66M 1.69%
+23,145
New +$1.63M
2024 Q3
0 quarters
1
2 3 4

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Millrace Asset Group's Q3 2024 Portfolio in Review

As of Q3 2024, Millrace Asset Group held 99 positions worth $98.4M, down 4.4% from $103M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Millrace Asset Group withdrew a net $13.6M in Q3 2024, closing 29 positions and reducing 30 holdings. Its most notable exit was Ulta Beauty, an estimated $2.7M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 21% a quarter earlier, followed by Technology and Industrials.

Against the trend, Millrace Asset Group opened a new position in State Street SPDR S&P Regional Banking ETF worth $2.69M.

  • Millrace Asset Group's largest Q3 2024 buy was State Street SPDR S&P Regional Banking ETF: 47,464 shares worth $2.69M.
  • Millrace Asset Group added most to Repay Holdings in Q3 2024, an estimated $1.95M increase.
  • Millrace Asset Group's biggest Q3 2024 reduction was Zeta Global, cutting an estimated $1.98M.
  • Millrace Asset Group fully exited Ulta Beauty in Q3 2024, selling an estimated $2.7M.
  • Millrace Asset Group's ten largest holdings make up 26% of its $98.4M portfolio in Q3 2024.
  • Millrace Asset Group opened 28 new positions and closed 29 in Q3 2024.
  • Millrace Asset Group's portfolio value fell 4.4% quarter-over-quarter to $98.4M.

Based on Millrace Asset Group's 13F filing for Q3 2024, filed 13 Nov 2024.