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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
-0.41%
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
$85.3M
AUM Growth
-$11.4M
Cap. Flow
-$9.62M
Cap. Flow %
-11.28%
Top 10 Hldgs %
25.31%
Holding
81
New
15
Increased
14
Reduced
32
Closed
17

Top Buys

Rank Stock Value
1
ORBC
ORBCOMM, Inc.
ORBC
+$2.39M
2
AIR icon
AAR Corp
AIR
+$1.98M
3
SRI icon
Stoneridge
SRI
+$1.94M
4
AMED
Amedisys
AMED
+$1.62M
5
ONTO icon
Onto Innovation
ONTO
+$1.6M

Top Sells

Rank Stock Value
1
CARB
Carbonite Inc
CARB
+$2.23M
2
MGNI icon
Magnite
MGNI
+$2.15M
3
VCRA
VOCERA COMMUNICATIONS, INC.
VCRA
+$2.04M
4
IMXI icon
International Money Express
IMXI
+$1.8M
5
TLRA
Telaria, Inc.
TLRA
+$1.67M

Sector Composition

Rank Sector Weight
1 Technology 36.84%
2 Healthcare 22.17%
3 Industrials 12.57%
4 Consumer Discretionary 11.6%
5 Communication Services 6.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WIFI
76
DELISTED
Boingo Wireless, Inc.
WIFI
– –
-12,495
Closed -$225K
SMTX
77
DELISTED
SMTC Corporation
SMTX
– –
-235,302
Closed -$908K
AKRX
78
DELISTED
Akorn Inc
AKRX
– –
-95,000
Closed -$489K
CARB
79
DELISTED
Carbonite Inc
CARB
– –
-85,464
Closed -$2.23M
TEUM
80
DELISTED
Pareteum Corporation
TEUM
– –
-185,600
Closed -$484K
1 2 3
4

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ASGS
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AIM
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IG
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G1
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BGI
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CM
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SC
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Millrace Asset Group's Q3 2019 Portfolio in Review

As of Q3 2019, Millrace Asset Group held 81 positions worth $85.3M, down 12% from $96.7M the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Millrace Asset Group withdrew a net $9.62M in Q3 2019, closing 17 positions and reducing 32 holdings. Its most notable exit was Carbonite Inc, an estimated $2.23M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 45% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Millrace Asset Group opened a new position in ORBCOMM, Inc. worth $1.9M.

  • Millrace Asset Group's largest Q3 2019 buy was ORBCOMM, Inc.: 400,000 shares worth $1.9M.
  • Millrace Asset Group added most to Carrols Restaurant Group, Inc. in Q3 2019, an estimated $1.43M increase.
  • Millrace Asset Group's biggest Q3 2019 reduction was Magnite, cutting an estimated $2.15M.
  • Millrace Asset Group fully exited Carbonite Inc in Q3 2019, selling an estimated $2.23M.
  • Millrace Asset Group's ten largest holdings make up 25% of its $85.3M portfolio in Q3 2019.
  • Millrace Asset Group opened 15 new positions and closed 17 in Q3 2019.
  • Millrace Asset Group's portfolio value fell 12% quarter-over-quarter to $85.3M.

Based on Millrace Asset Group's 13F filing for Q3 2019, filed 14 Nov 2019.