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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
-7.43%
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
$81M
AUM Growth
-$14.5M
Cap. Flow
-$4.78M
Cap. Flow %
-5.91%
Top 10 Hldgs %
31.09%
Holding
78
New
25
Increased
12
Reduced
19
Closed
22

Top Buys

Rank Stock Value
1
IMXI icon
International Money Express
IMXI
+$2.53M
2
TNC icon
Tennant Co
TNC
+$2.18M
3
ARHS icon
Arhaus
ARHS
+$1.99M
4
SBDS
Solo Brands Inc
SBDS
+$1.95M
5
TDC icon
Teradata
TDC
+$1.91M

Top Sells

Rank Stock Value
1
AXGN icon
Axogen
AXGN
+$2.67M
2
CTLP
Cantaloupe
CTLP
+$2.57M
3
EBIX
Ebix Inc
EBIX
+$2.44M
4
HLIT icon
Harmonic Inc
HLIT
+$2.2M
5
MGNI icon
Magnite
MGNI
+$2.19M

Sector Composition

Rank Sector Weight
1 Technology 34.85%
2 Healthcare 19.04%
3 Consumer Discretionary 18.9%
4 Industrials 17.92%
5 Communication Services 4.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AYX
76
DELISTED
Alteryx Inc
AYX
– –
-16,969
Closed -$770K
ABST
77
DELISTED
Absolute Software Corp
ABST
– –
-171,463
Closed -$1.97M
EBIX
78
DELISTED
Ebix Inc
EBIX
– –
-96,637
Closed -$2.44M
1 2 3
4

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Millrace Asset Group's Q3 2023 Portfolio in Review

As of Q3 2023, Millrace Asset Group held 78 positions worth $81M, down 15% from $95.5M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Millrace Asset Group withdrew a net $4.78M in Q3 2023, closing 22 positions and reducing 19 holdings. Its most notable exit was Axogen, an estimated $2.67M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 41% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Millrace Asset Group opened a new position in International Money Express worth $2.13M.

  • Millrace Asset Group's largest Q3 2023 buy was International Money Express: 125,761 shares worth $2.13M.
  • Millrace Asset Group added most to Synaptics in Q3 2023, an estimated $1.32M increase.
  • Millrace Asset Group's biggest Q3 2023 reduction was Harmonic Inc, cutting an estimated $2.2M.
  • Millrace Asset Group fully exited Axogen in Q3 2023, selling an estimated $2.67M.
  • Millrace Asset Group's ten largest holdings make up 31% of its $81M portfolio in Q3 2023.
  • Millrace Asset Group opened 25 new positions and closed 22 in Q3 2023.
  • Millrace Asset Group's portfolio value fell 15% quarter-over-quarter to $81M.

Based on Millrace Asset Group's 13F filing for Q3 2023, filed 13 Nov 2023.