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, 01/12/2010
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

- Investment companies
- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

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

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$147,951,114
Fund TypeOther Private Fund Count1 GAV$15,102,427

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
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Stck Ticker76029L100 Stock NameREPAY HOLDINGS CORPCMN $ Position$2,637 % Position3.00% $ Change145.00% # Change217.00%
Stck Ticker78464A870 Stock NameSPDR SP BIOTECH ETFETF $ Position$3,245 % Position3.00% $ Change0.00% # Change-6.00%
Stck Ticker78464A698 Stock NameSPDR SP REGIONAL BANKING ETFETF $ Position$2,686 % Position3.00% $ Change # Change
Stck Ticker82452J109 Stock NameSHIFT4 PAYMENTS INC.CMN $ Position$2,406 % Position2.00% $ Change22.00% # Change1.00%
Stck Ticker782011100 Stock NameRUSH STREET INTERACTIVE INCCMN $ Position$2,135 % Position2.00% $ Change # Change
Stck Ticker816850101 Stock NameSEMTECH CORPORATIONCMN $ Position$2,393 % Position2.00% $ Change # Change
Stck Ticker81730H109 Stock NameSENTINELONE INCCMN $ Position$2,034 % Position2.00% $ Change # Change
Stck Ticker671044105 Stock NameOSI SYSTEMS INC.CMN $ Position$2,107 % Position2.00% $ Change-6.00% # Change-15.00%
Stck Ticker875372203 Stock NameTANDEM DIABETES CARE INC.CMN $ Position$1,964 % Position2.00% $ Change # Change

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.