MILLRACE ASSET GROUP, INC. other names

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Adviser Profile

As of Date:

03/25/2024

Adviser Type:

- Large advisory firm

Number of Employees:

8 -11.11%

of those in investment advisory functions:

4

Registration:

SEC, Approved, 1/12/2010

AUM:

194,091,122 -13.27%

of that, discretionary:

194,091,122 -13.27%

Private Fund GAV:

163,053,541 -11.57%

Avg Account Size:

64,697,041 -13.27%

SMA’s:

NO

Private Funds:

2

Contact Info

610 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
245M 210M 175M 140M 105M 70M 35M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Top 5 3rd Quarter Trades of Millrace Asset Group, Inc.
10/31/2022

Related Stocks: SWIR, CALX, ZETA, ECPG, NPTN,

gurufocus.com

Millrace Asset Group, Inc. Buys The Lovesac Co, Enovix Corp, Harmonic Inc, Sells Rodgers ...
11/12/2021

Related Stocks: LOVE, KIRK, OCX, MGNI, SWIR, RMNI, ENVX, HLIT, SSYS, TEX, SNAX, VSEC, RSVAU, ORBC, TRHC, NUVA, BOOM, MDLA,

gurufocus.com

Village Farms International Inc.
03/31/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons

Village Farms International Inc.
03/29/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons


Private Funds Structure

Fund Type Count GAV
Hedge Fund 1 $147,951,114
Other Private Fund 1 $15,102,427

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
447462102 HURON CONSULTING GROUP INC.CMN $2,690 3.00%
55955D100 MAGNITE INC.CMN $2,840 3.00% 153.00% 104.00%
78464A870 SPDR SP BIOTECH ETFETF $3,246 3.00%
90384S303 ULTA BEAUTY INCCMN $2,702 3.00%
98956A105 ZETA GLOBAL HOLDINGS CORP.CMN $2,860 3.00% -27.00% -55.00%
918284100 VSE CORPORATIONCMN $1,978 2.00%
917047102 URBAN OUTFITTERS INCCMN $2,252 2.00%
74346Y103 PROS HOLDINGS INC.CMN $1,592 2.00% -38.00% -21.00%
87043Q108 SWEETGREEN INC.CMN $1,583 2.00%
57776J100 MAXLINEAR INC.CMN $2,137 2.00% 7.00% 0.00%

Brochure Summary

Overview

Millrace Asset Group, Inc. (“Millrace”) was established in 2001 and commenced operations in January 2002 with the inception of Millrace Fund, LP (the “Millrace Fund”) and in December 2019, the launch of Millrace Capital, LP (“Millrace Capital”), collectively, the “Funds.” Millrace was founded and is owned by William L. Kitchel and Whitney M. Maroney. The Millrace Fund’s investment strategy employs long and short equity investments focused in small and mid capitalization companies, whereas Millrace Capital employs a long only strategy. Millrace provides investment advisory services for Millrace Fund and Millrace Capital, (collectively “the Funds”). In addition, Millrace provides investment advisory services as a sub-advisor
to an investment company. Regulatory assets under management for Millrace as of December 31, 2023 totaled $194.1 million, all on a discretionary basis. Millrace does not participate in any wrap fee programs. Investors in the Funds are accredited investors or institutional investors meeting specific requirements. Each investor is provided a private placement memorandum and executes a limited partnership agreement prior to investing in either Fund. These materials describe the investment strategy and related investment risks for each of the Funds. The Millrace strategies are not tailored for the needs of individual clients or subject to client restrictions on investing in specific securities or types of securities.