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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 23.48%
3 Industrials 11.29%
4 Communication Services 8.18%
5 Consumer Discretionary 3.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVRI icon
1
Enviri
NVRI
$624M
$3.02M 3.12%
110,000
-30,000
-21% -$733K
RPD icon
2
Rapid7
RPD
$628M
$2.63M 2.72%
45,404
-17,562
-28% -$924K
VG
3
DELISTED
Vonage Holdings Corporation
VG
$2.45M 2.54%
+216,458
New +$2.34M
CARB
4
DELISTED
Carbonite Inc
CARB
$2.23M 2.3%
85,464
-7,152
-8% -$175K
MGNI icon
5
Magnite
MGNI
$2.83B
$2.21M 2.29%
347,555
+44,197
+15% +$271K
LPSN icon
6
LivePerson
LPSN
$22M
$2.21M 2.28%
5,252
-1,122
-18% -$479K
INSG icon
7
Inseego
INSG
$104M
$2.12M 2.19%
44,235
-11,401
-20% -$536K
VCYT icon
8
Veracyte
VCYT
$4.45B
$2.08M 2.15%
73,000
-60,000
-45% -$1.5M
VCEL icon
9
Vericel Corp
VCEL
$2.38B
$2.08M 2.15%
110,000
-50,000
-31% -$853K
EBIX
10
DELISTED
Ebix Inc
EBIX
$2.05M 2.12%
40,804
-4,266
-9% -$212K
VCRA
11
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
$2.04M 2.11%
63,996
-14,606
-19% -$466K
BEAT
12
DELISTED
BioTelemetry, Inc.
BEAT
$2.02M 2.09%
42,034
+17,929
+74% +$942K
APYX icon
13
Apyx Medical
APYX
$162M
$2.02M 2.08%
300,013
-155,300
-34% -$844K
FIVN icon
14
FIVE9
FIVN
$2.08B
$1.95M 2.02%
38,042
+3,042
+9% +$154K
TLRA
15
DELISTED
Telaria, Inc.
TLRA
$1.9M 1.97%
+253,217
New +$1.89M
IMXI icon
16
International Money Express
IMXI
$389M
$1.8M 1.86%
127,699
-44,768
-26% -$573K
STAA icon
17
STAAR Surgical
STAA
$1.19B
$1.79M 1.85%
61,007
+12,650
+26% +$365K
CY
18
DELISTED
Cypress Semiconductor
CY
$1.77M 1.83%
79,397
-32,003
-29% -$581K
NOG icon
19
Northern Oil and Gas
NOG
$2.29B
$1.75M 1.81%
90,847
-29,817
-25% -$689K
AGX icon
20
Argan
AGX
$6.9B
$1.74M 1.8%
43,000
+23,562
+121% +$1.1M
UPLD icon
21
Upland Software
UPLD
$13.3M
$1.64M 1.7%
3,610
-7,020
-66% -$3.21M
TTEC icon
22
TTEC Holdings
TTEC
$124M
$1.63M 1.69%
+35,056
New +$1.35M
ACIW icon
23
ACI Worldwide
ACIW
$6.12B
$1.63M 1.68%
47,373
-39,715
-46% -$1.32M
GNMK
24
DELISTED
GenMark Diagnostics, Inc
GNMK
$1.61M 1.67%
248,713
-88,309
-26% -$622K
LGND icon
25
Ligand Pharmaceuticals
LGND
$5.77B
$1.56M 1.61%
21,915
-6,939
-24% -$511K
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.