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MAG

Millrace Asset Group Portfolio holdings

AUM $98.4M
1-Year Est. Return 63.71%
This Fund
S&P 500
This Quarter Est. Return
+5.88%
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
$96.7M
AUM Growth
-$21.8M
Cap. Flow
-$23.8M
Cap. Flow %
-24.59%
Top 10 Hldgs %
23.86%
Holding
79
New
18
Increased
8
Reduced
40
Closed
12

Top Buys

Rank Stock Value
1
VG
Vonage Holdings Corporation
VG
+$2.34M
2
TLRA
Telaria, Inc.
TLRA
+$1.89M
3
SIEN
Sientra, Inc.
SIEN
+$1.8M
4
HLIT icon
Harmonic Inc
HLIT
+$1.41M
5
VECO icon
Veeco
VECO
+$1.39M

Top Sells

Rank Stock Value
1
UPLD icon
Upland Software
UPLD
+$3.21M
2
QTNA
Quantenna Communications, Inc. Common Stock
QTNA
+$2.86M
3
GPRO icon
GoPro
GPRO
+$2.31M
4
AXGN icon
Axogen
AXGN
+$2.21M
5
RBBN icon
Ribbon Communications
RBBN
+$2.01M

Sector Composition

Rank Sector Weight
1 Technology 44.89%
2 Healthcare 25.65%
3 Industrials 11.29%
4 Communication Services 8.42%
5 Consumer Discretionary 3.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CFMS
76
DELISTED
Conformis, Inc. Common Stock
CFMS
– –
-18,000
Closed -$1.3M
QTNA
77
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
– –
-117,607
Closed -$2.86M
ORBC
78
DELISTED
ORBCOMM, Inc.
ORBC
– –
-218,550
Closed -$1.48M
1 2 3
4

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Millrace Asset Group's Q2 2019 Portfolio in Review

As of Q2 2019, Millrace Asset Group held 79 positions worth $96.7M, down 18% from $119M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Millrace Asset Group withdrew a net $23.8M in Q2 2019, closing 12 positions and reducing 40 holdings. Its most notable exit was Quantenna Communications, Inc. Common Stock, an estimated $2.86M position sold in full.

By sector, the portfolio is most concentrated in Technology at 45% of assets, up from 44% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Millrace Asset Group opened a new position in Vonage Holdings Corporation worth $2.45M.

  • Millrace Asset Group's largest Q2 2019 buy was Vonage Holdings Corporation: 216,458 shares worth $2.45M.
  • Millrace Asset Group added most to Argan in Q2 2019, an estimated $1.1M increase.
  • Millrace Asset Group's biggest Q2 2019 reduction was Upland Software, cutting an estimated $3.21M.
  • Millrace Asset Group fully exited Quantenna Communications, Inc. Common Stock in Q2 2019, selling an estimated $2.86M.
  • Millrace Asset Group's ten largest holdings make up 24% of its $96.7M portfolio in Q2 2019.
  • Millrace Asset Group opened 18 new positions and closed 12 in Q2 2019.
  • Millrace Asset Group's portfolio value fell 18% quarter-over-quarter to $96.7M.

Based on Millrace Asset Group's 13F filing for Q2 2019, filed 13 Aug 2019.