SUIG on Nasdaq

SUI Group Holdings Ltd.

Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a Minnesota corporation headquartered in Wayzata, Minnesota.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerSUIG on Nasdaq2
  • IndustryFinance Services2
  • HeadquartersWayzata, United States2
  • Incorporated inMN3
  • Business address1907 Wayzata Boulevard, Suite 205, Wayzata, Mn 553913
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI984500E51QEF3TFD67662
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address328 Barry Ave S #210, 55391 Wayzata, United States2
  • Registered withOffice of the Minnesota Secretary of State Business & Lien system, 1663514-22

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Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a Minnesota corporation headquartered in Wayzata, Minnesota. The Company was originally incorporated as Mill City Ventures III, Ltd. in the State of Minnesota on January 10, 2006. From our inception until December 13, 2012, we operated as a development-stage company involved in the gaming and entertainment industry. In 2013, we elected to become a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). We operated as a BDC until we withdrew our BDC election on December 27, 2019.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-6772.6%Operating margin5
-6825.0%Net margin5
18.1%Revenue growth, 20255
-156.8%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs81¢$3.2M
  • Income tax19¢$743.4K

Out of $3.9M in revenue.5 The company lost money this year.

Financial statements

Revenue5$3.9M in 2025+18% since 2024
0$1.0M$2.0M$3.0M$4.0M2024: $3.3M$3.3M20242025: $3.9M$3.9M2025+18%
Operating income5-$264.0M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2024: $1.6M$1.6M20242025: -$264.0M-$264.0M2025
Net income5-$266.1M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2024: $1.2M$1.2M20242025: -$266.1M-$266.1M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Portfolio investment income$1.7M$3.3M
Digital lending interest income$83.5K$0
SUI staking revenue$2.1M$0
Total Revenues$3.9M$3.3M
Professional fees$2.8M$550.2K
Stock-based Compensation$4.4M$0
Asset and strategic management fees$1.6M$0
Compensation expense$1.1M$1.2M
Insurance$773.9K$99.9K
Unrealized loss on digital assets, net$253.6M$0
Realized loss on digital assets$3.3M$0
Provision for digital asset loan credit losses$548.1K$0
Net realized and unrealized gain on portfolio investments-$477.0K-$267.9K
Other general and administrative$311.7K$92.5K
Total Operating Expenses$267.9M$1.7M
Operating Income (Loss)-$264.0M$1.6M
Portfolio investment income$2.9M$0
Net realized and unrealized loss on portfolio investments-$3.1M$0
Total Other Loss-$172.1K$0
Income (Loss) Before Taxes-$264.2M$1.6M
Provision for (Benefit from) Income Taxes$743.4K$425.4K
Net Income (Loss)-$265.0M$1.2M
Basic-$6.59$0.18
Diluted-$6.59$0.18
Weighted-average number of common shares outstanding - basic40.2M shares6.4M shares
Weighted-average number of common shares outstanding - diluted40.2M shares6.5M shares

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Leadership

Who has led SUI Group Holdings Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Douglas Michael Polinsky2008–now

Chair

  1. Douglas Michael Polinsky2013–2019

Chief financial officer

  1. Joseph Anthony Geraci Ii.2008–now
2010201520202025
Board members and other officers (12)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorDana P. Wagner named Aug 11, 202525

Former names

  • Mill City Ventures III, LtdJan 23, 2013 to Aug 25, 20253
  • POKER MAGIC INCJan 29, 2008 to Dec 13, 20123

Timeline

  1. Aug 19, 2008New chief executive Douglas Michael Polinsky becomes CEO12
  2. Jan 10, 2006Founded SUI Group Holdings Ltd. is founded2

Filings

195 filings to the SEC since October 2021: 8 annual reports, 17 quarterly reports, 46 major events, 51 insider forms, 12 large holders, 1 private raises, 60 other. The latest 20:

  1. Oct 6, 20268-K EDGAR
  2. Sep 10, 2026DEFA14A EDGAR
  3. Sep 10, 20268-K EDGAR
  4. Aug 24, 2026DEFA14A EDGAR
  5. Aug 14, 2026SCHEDULE 13G/A EDGAR
  6. Aug 13, 2026DEFR14A EDGAR
  7. Aug 6, 202610-Q EDGAR
  8. Aug 6, 20268-K EDGAR
  9. Aug 4, 2026DEF 14A EDGAR
  10. Jul 24, 2026PRER14A PRER 14A EDGAR
  11. Jul 20, 20264 EDGAR
  12. Jul 20, 20263 EDGAR
  13. Jul 17, 2026PRE 14A EDGAR
  14. Jul 14, 20268-K EDGAR
  15. Jul 9, 20268-K EDGAR
  16. Jul 7, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 25, 20268-K EDGAR
  18. Jun 24, 202610-Q/A EDGAR
  19. Jun 24, 202610-K/A EDGAR
  20. May 21, 20268-K EDGAR

The 195 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

23 open-market trades by officers, directors and large owners since October 2021: 23 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 20, 2025ZIPKIN LAURENCE SDirectorBuy2,455$1.82$4.5KForm 4
Mar 13, 2025ZIPKIN LAURENCE SDirectorBuy13,284$1.91$25.4KForm 4
Mar 13, 2025POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy5,400$1.95$10.5KForm 4
Mar 12, 2025ZIPKIN LAURENCE SDirectorBuy5,500$1.88$10.3KForm 4
Mar 12, 2025POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy10,000$1.92$19.2KForm 4
Dec 11, 2024POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy3,500$1.95$6.8KForm 4
Dec 10, 2024POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy1,530$1.95$3.0KForm 4
Dec 9, 2024ZIPKIN LAURENCE SDirectorBuy3,600$1.99$7.2KForm 4
Dec 8, 2024ZIPKIN LAURENCE SDirectorBuy300$1.95$585Form 4
Nov 26, 2024POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy3,104$1.91$5.9KForm 4
Nov 26, 2024POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy10,303$1.90$19.6KForm 4
Nov 25, 2024POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy100$1.82$182Form 4
Nov 25, 2024POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy100$1.82$182Form 4
Sep 15, 2022POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy814$2.74$2.2KForm 4
Sep 14, 2022POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy10,000$2.84$28.4KForm 4
Aug 19, 2022POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy27$3.08$83Form 4
Aug 18, 2022POLINSKY DOUGLAS MICHAELChief Executive OfficerBuy5,502$3.03$16.7KForm 4
Dec 8, 2021ZIPKIN LAURENCE SDirectorBuy1,191$3.25$3.9KForm 4
Dec 7, 2021ZIPKIN LAURENCE SDirectorBuy2,715$3.33$9.1KForm 4
Dec 1, 2021ZIPKIN LAURENCE SDirectorBuy700$3.60$2.5KForm 4

All 23 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 27, 2025Raised $450 million in a private offering of equity Form D: 121 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 40. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
MMCAP International Inc. SPC6,750,751$7.8M0.7%+100,000
Cantor Fitzgerald, L. P.3,700,000$4.3M0.0%+2,445,428
Vanguard Capital Management LLC2,395,042$2.8M0.0%−548,625
Arrington Capital Management, LLC1,660,510$1.9M2.1%No change
Electric Capital Partners, LLC923,075$1.1M1.0%No change
BlackRock, Inc.703,307$815.8K0.0%+230,368
UBS Group AG700,652$812.8K0.0%−164,381
Two Sigma Investments, LP556,197$645.2K0.0%−824,105
Geode Capital Management, LLC400,754$465.1K0.0%−57,939
Vanguard Fiduciary Trust Co226,845$263.1K0.0%+1,377
Citadel Advisors LLC210,142$243.8K0.0%+51,235
Charles Schwab Investment Management Inc158,221$183.5K0.0%−2,570
State Street Corp146,624$170.1K0.0%No change
Marshall Wace, Llp145,182$168.4K0.0%−16,300
Cetera Investment Advisers80,816$93.7K0.0%No change
Northern Trust Corp76,735$89.0K0.0%−2,774
Wells Fargo & Company/mn75,190$87.2K0.0%+3,200
Raymond James Financial Inc60,000$69.6K0.0%No change
Morgan Stanley51,500$59.7K0.0%No change
Jane Street Group, LLC51,449$59.7K0.0%−53,459
Susquehanna International Group, Llp51,358$59.6K0.0%+25,320
Centiva Capital, LP46,840$54.3K0.0%+22,883
StoneX Group Inc.36,580$49.7K0.0%New
Sierra Capital LLC41,030$47.6K0.0%New
Phraction Management LLC32,060$37.2K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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