Millrace Asset Group, Inc.

CIK

1604831

Location

BERWYN, PA

Portfolio Value

Micro $94,871,367

Diversification

Diversified

Filing Date

Global Rank

#6,958 / 7,447 ▼ 64 · as of Sep 2024

Top Industry

Software - Infrastructure 14.8%

Period ended 2 years ago

Filed Nov 13, 2024 · 1y

19 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 28.8%, 48.8 effective positions, active share 96.9% against the Russell 2000 as of 2024-09-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

154.9% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 3.2 quarters, but 1.4% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2024-09-30, active share 96.9%; sector active share 29.0% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

70 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024

Top Position

6.3%

+2.9 pts

Top 5

16.9%

+2.1 pts

Top 10

28.8%

+1.9 pts

HHI

205

Diversified+21

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2024

Sector	% Portfolio	Value	Positions
Technology	27.0%	$25,602,920	16
Healthcare	24.4%	$23,115,807	18
Industrials	21.6%	$20,481,197	14
Consumer Cyclical	9.4%	$8,947,759	7
Unclassified	6.3%	$5,932,149	5
Communication Services	4.4%	$4,186,582	2
Consumer Defensive	4.1%	$3,899,143	5
Basic Materials	1.3%	$1,253,335	1
Energy	0.9%	$860,698	1
Financial Services	0.6%	$591,777	1

Last Quarter's Activity

Export CSV

Sep 30, 2024 vs Jun 30, 2024

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
RPAY	Repay Holdings Corp	+221,102	323,139	$2,636,814
ARLO	Arlo Technologies, Inc.	+38,550	127,131	$1,539,556
VMD	Viemed Healthcare, Inc.	+27,084	231,322	$1,695,590
LOVE	Lovesac Co	+26,481	68,503	$1,962,610
UTI	Universal Technical Institute Inc	+17,161	67,315	$1,094,541
CHRW	C. H. Robinson Worldwide, Inc.	+3,182	18,471	$2,038,644
NTRA	Natera, Inc.	+2,228	12,144	$1,541,680
SITM	SITIME Corp	+1,682	7,634	$1,309,307
ATRC	AtriCure, Inc.	+1,660	71,708	$2,010,692
GMED	Globus Medical Inc	+977	23,151	$1,656,222
VSEC	Vse Corp	+956	23,364	$1,932,903
FOUR	Shift4 Payments, Inc.	+308	27,151	$2,405,578
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CRNT	Ceragon Networks Ltd	−134,263	248,440	$680,725
MAMA	Mama's Creations, Inc.	−93,936	46,113	$336,624
ZETA	Zeta Global Holdings Corp.	−83,948	78,071	$2,328,857
BWMN	Bowman Consulting Group Ltd.	−58,245	20,533	$494,434
—		−49,191	6,364	$118
MGNI	Magnite, Inc.	−48,361	165,330	$2,289,820
PTLO	Portillo's Inc.	−47,211	46,170	$621,909
MDXG	Mimedx Group, Inc.	−42,296	166,042	$981,308
AVPT	AvePoint, Inc.	−28,689	204,142	$2,402,751
—		−27,668	155,796	$0
—		−22,820	6,940	$286
INGN	Inogen Inc	−18,599	127,285	$1,234,664
SEZL	Sezzle Inc.	−16,173	3,469	$591,777
OLLI	Ollie's Bargain Outlet Holdings, Inc.	−15,250	5,757	$559,580
COHR	Coherent Corp.	−15,208	3,407	$302,916
PDFS	Pdf Solutions Inc	−13,151	46,136	$1,461,588
VICR	Vicor Corp	−7,081	21,629	$910,580
FLR	Fluor Corp	−5,047	41,904	$1,999,239
CRS	Carpenter Technology Corp	−3,012	10,409	$1,661,068
HURN	Huron Consulting Group Inc.	−2,558	24,752	$2,690,542
OSIS	Osi Systems Inc	−2,460	13,879	$2,107,248
ICUI	Icu Medical Inc	−2,441	11,330	$2,064,552
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	−2,165	32,847	$3,245,283
FLS	Flowserve Corp	−1,986	26,024	$1,345,180
CVLG	Covenant Logistics Group, Inc.	−1,645	15,044	$794,924
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	47,464	$2,686,462
SMTC	Semtech Corp	52,405	$2,392,812
RSI	Rush Street Interactive, Inc.	196,814	$2,135,431
S	SentinelOne, Inc.	85,013	$2,033,510
TREX	Trex Co Inc	30,185	$2,009,717
TNDM	Tandem Diabetes Care Inc	46,304	$1,963,752
GENI	Genius Sports Ltd	241,934	$1,896,762
CNMD	CONMED Corp	23,145	$1,664,588
HCAT	Health Catalyst, Inc.	192,616	$1,567,894
DRVN	Driven Brands Holdings Inc.	99,521	$1,420,164
LUNG	Pulmonx Corp	167,725	$1,390,440
IMXI	International Money Express, Inc.	74,023	$1,368,685
MIDD	MIDDLEBY Corp	9,831	$1,367,786
SRAD	Sportradar Group AG	105,509	$1,277,713
OMCL	Omnicell, Inc.	28,043	$1,222,674
DAVE	Dave Inc.	28,912	$1,155,323
CPS	Cooper-Standard Holdings Inc.	79,020	$1,096,007
SIBN	SI-BONE, Inc.	75,542	$1,056,077
VSXY	Victoria's Secret & Co.	35,850	$921,345
OFIX	Orthofix Medical Inc.	58,027	$906,381
SGHT	Sight Sciences, Inc.	138,793	$874,395
MTDR	Matador Resources Co	17,416	$860,698
EXTR	Extreme Networks Inc	55,124	$828,513
KRUS	Kura Sushi USA, Inc.	9,810	$790,293
TRNS	Transcat Inc	5,421	$654,694
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ULTA	Ulta Beauty, Inc.	7,002	$2,701,861
URBN	Urban Outfitters Inc	54,853	$2,251,715
MXL	Maxlinear, Inc	106,087	$2,136,592
IRTC	iRhythm Holdings, Inc.	18,675	$2,010,177
PODD	Insulet Corp	9,535	$1,924,163
THRM	Gentherm Inc	38,280	$1,887,969
RAMP	LiveRamp Holdings, Inc.	58,354	$1,805,472
ONT	Onterris, Inc.	39,926	$1,779,102
SIMO	Silicon Motion Technology CORP	21,007	$1,701,356
MITK	Mitek Systems Inc	146,366	$1,636,371
SG	Sweetgreen, Inc.	52,526	$1,583,133
ANF	Abercrombie & Fitch Co	8,756	$1,557,167
LUCK	Lucky Strike Entertainment Corp	99,201	$1,437,422
AVNW	Aviat Networks, Inc.	42,312	$1,213,931
ATEC	Alphatec Holdings, Inc.	109,705	$1,146,417
INDI	indie Semiconductor, Inc.	167,709	$1,034,764
STIM	Neuronetics, Inc.	548,470	$987,246
VTOL	Bristow Group Inc.	25,909	$868,728
HLMN	Hillman Solutions Corp.	98,034	$867,600
FIVN	Five9, Inc.	16,562	$730,384
LSPD	Lightspeed Commerce Inc.	52,586	$719,902
SPIR	Spire Global, Inc.	65,823	$713,521
TTI	Tetra Technologies Inc	175,031	$605,607
CECO	Ceco Environmental Corp	18,586	$536,206
AVNT	Avient Corp	11,686	$510,093
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

70 tracked positions · $94,871,367 total · filing declares 70 positions · $98,449 · as of Sep 30, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 70 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	Reduced	32,847	-2,165	$3,245,283	−0.0%	2	$89.66	3.42%
HURN	Huron Consulting Group Inc. Industrials	Reduced	24,752	-2,558	$2,690,542	+0.0%	2	$91.98	2.84%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	NEW	47,464	NEW	$2,686,462	NEW	1	$54.89	2.83%
RPAY	Repay Holdings Corp Technology	Added	323,139	+221,102	$2,636,814	+144.7%	6	$8.17	2.78%
FOUR	Shift4 Payments, Inc. Technology	Added	27,151	+308	$2,405,578	+22.2%	2	$66.39	2.54%
AVPT	AvePoint, Inc. Technology	Reduced	204,142	-28,689	$2,402,751	−1.0%	3	$8.06	2.53%
SMTC	Semtech Corp Technology	NEW	52,405	NEW	$2,392,812	NEW	1	$36.79	2.52%
ZETA	Zeta Global Holdings Corp. Technology	Reduced	78,071	-83,948	$2,328,857	−18.6%	9	$7.33	2.45%
MGNI	Magnite, Inc. Communication Services	Reduced	165,330	-48,361	$2,289,820	−19.4%	3	$10.47	2.41%
RSI	Rush Street Interactive, Inc. Consumer Cyclical	NEW	196,814	NEW	$2,135,431	NEW	1	$9.65	2.25%
OSIS	Osi Systems Inc Technology	Reduced	13,879	-2,460	$2,107,248	−6.2%	3	$131.43	2.22%
ICUI	Icu Medical Inc Healthcare	Reduced	11,330	-2,441	$2,064,552	+26.2%	2	$105.21	2.18%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	Added	18,471	+3,182	$2,038,644	+51.3%	2	$82.81	2.15%
S	SentinelOne, Inc. Technology	NEW	85,013	NEW	$2,033,510	NEW	1	$22.59	2.14%
ATRC	AtriCure, Inc. Healthcare	Added	71,708	+1,660	$2,010,692	+26.1%	3	$31.01	2.12%
TREX	Trex Co Inc Industrials	NEW	30,185	NEW	$2,009,717	NEW	1	$70.19	2.12%
FLR	Fluor Corp Industrials	Reduced	41,904	-5,047	$1,999,239	−2.2%	5	$35.29	2.11%
TNDM	Tandem Diabetes Care Inc Healthcare	NEW	46,304	NEW	$1,963,752	NEW	1	$42.40	2.07%
LOVE	Lovesac Co Consumer Cyclical	Added	68,503	+26,481	$1,962,610	+106.8%	18	$27.97	2.07%
VSEC	Vse Corp Industrials	Added	23,364	+956	$1,932,903	−2.3%	2	$80.53	2.04%
GENI	Genius Sports Ltd Communication Services	NEW	241,934	NEW	$1,896,762	NEW	1	$6.95	2.00%
FC	Franklin Covey Co Consumer Defensive	Reduced	44,136	-400	$1,815,313	+7.3%	2	$37.57	1.91%
VMD	Viemed Healthcare, Inc. Healthcare	Added	231,322	+27,084	$1,695,590	+26.7%	4	$7.35	1.79%
CNMD	CONMED Corp Healthcare	NEW	23,145	NEW	$1,664,588	NEW	1	$70.56	1.75%
CRS	Carpenter Technology Corp Industrials	Reduced	10,409	-3,012	$1,661,068	+12.9%	3	$65.45	1.75%
GMED	Globus Medical Inc Healthcare	Added	23,151	+977	$1,656,222	+9.1%	4	$49.66	1.75%
HCAT	Health Catalyst, Inc. Healthcare	NEW	192,616	NEW	$1,567,894	NEW	1	$7.23	1.65%
NTRA	Natera, Inc. Healthcare	Added	12,144	+2,228	$1,541,680	+43.6%	4	$61.86	1.63%
ARLO	Arlo Technologies, Inc. Industrials	Added	127,131	+38,550	$1,539,556	+33.3%	3	$11.30	1.62%
PDFS	Pdf Solutions Inc Technology	Reduced	46,136	-13,151	$1,461,588	−32.2%	3	$32.92	1.54%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	NEW	99,521	NEW	$1,420,164	NEW	1	$13.69	1.50%
LUNG	Pulmonx Corp Healthcare	NEW	167,725	NEW	$1,390,440	NEW	1	$7.24	1.47%
IMXI	International Money Express, Inc. Technology	NEW	74,023	NEW	$1,368,685	NEW	1	$19.09	1.44%
MIDD	MIDDLEBY Corp Industrials	NEW	9,831	NEW	$1,367,786	NEW	1	unpriced	1.44%
FLS	Flowserve Corp Industrials	Reduced	26,024	-1,986	$1,345,180	−0.2%	3	$42.11	1.42%
SITM	SITIME Corp Technology	Added	7,634	+1,682	$1,309,307	+76.9%	19+	before history	1.38%
SRAD	Sportradar Group AG Technology	NEW	105,509	NEW	$1,277,713	NEW	1	$11.45	1.35%
SMG	Scotts Miracle-Gro Co Basic Materials	Reduced	14,456	-132	$1,253,335	+32.1%	4	$54.02	1.32%
ENVX	Enovix Corp Industrials	Reduced	134,140	-1,214	$1,252,867	−40.1%	13	$12.08	1.32%
INGN	Inogen Inc Healthcare	Reduced	127,285	-18,599	$1,234,664	+4.1%	3	$7.08	1.30%
OMCL	Omnicell, Inc. Healthcare	NEW	28,043	NEW	$1,222,674	NEW	1	$37.68	1.29%
DAVE	Dave Inc. Technology	NEW	28,912	NEW	$1,155,323	NEW	1	$36.18	1.22%
CPS	Cooper-Standard Holdings Inc. Consumer Cyclical	NEW	79,020	NEW	$1,096,007	NEW	1	$13.89	1.16%
UTI	Universal Technical Institute Inc Consumer Defensive	Added	67,315	+17,161	$1,094,541	+38.7%	2	$15.52	1.15%
SIBN	SI-BONE, Inc. Healthcare	NEW	75,542	NEW	$1,056,077	NEW	1	$15.04	1.11%
MDXG	Mimedx Group, Inc. Healthcare	Reduced	166,042	-42,296	$981,308	−32.0%	6	$6.28	1.03%
VSXY	Victoria's Secret & Co. Consumer Cyclical	NEW	35,850	NEW	$921,345	NEW	1	$21.19	0.97%
VICR	Vicor Corp Technology	Reduced	21,629	-7,081	$910,580	−4.4%	2	$34.51	0.96%
OFIX	Orthofix Medical Inc. Healthcare	NEW	58,027	NEW	$906,381	NEW	1	$16.02	0.96%
SGHT	Sight Sciences, Inc. Healthcare	NEW	138,793	NEW	$874,395	NEW	1	$6.73	0.92%

Showing the top 50 of 70 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.