Mill Road Capital Management LLC — 13F Holdings & Portfolio
CIK 1512275 · latest 13F-HR filed 2026-05-15
Mill Road Capital Management LLC manages $190.8M in 13F-reported U.S. long-equity assets across 25 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVRI (21.50%), MG (14.49%), ALTG (12.31%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 2, added to 11, and trimmed 7.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$190.8M
Long-equity book
25
Distinct positions
2026-03-31
Filed 2026-05-15
+3 / −2 / ↑11 / ↓7
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- GROCERY OUTLET HLDG$6.7M +66.9%
- MISTRAS GROUP INC$6.5M +30.7%
- ALTA EQUIPMENT GROUP INC$3.7M +18.9%
- ENVIRI CORP$3.6M +9.5%
- NOODLES & CO$2.5M +51.4%
Top Trims
- KIMBELL RTY PARTNERS LP-$3.1M -49.4%
- RESERVOIR MEDIA INC-$2.3M -29.3%
- QUINSTREET INC-$1.2M -16.4%
- BLUELINX HLDGS INC-$978.5K -11.8%
- FORWARD AIR CORP-$402.3K -9.6%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ENVIRI CORP | NVRI | 415864107 | $41.0M | 21.50% | 2,090,743 | SH |
| 2 | MISTRAS GROUP INC | MG | 60649T107 | $27.6M | 14.49% | 1,870,580 | SH |
| 3 | ALTA EQUIPMENT GROUP INC | ALTG | 02128L106 | $23.5M | 12.31% | 4,373,208 | SH |
| 4 | GROCERY OUTLET HLDG | GO | 39874R101 | $16.7M | 8.76% | 2,370,897 | SH |
| 5 | BEAZER HOMES USA INC | BZH | 07556Q881 | $16.1M | 8.45% | 838,035 | SH |
| 6 | BLUELINX HLDGS INC | BXC | 09624H208 | $7.3M | 3.83% | 134,964 | SH |
| 7 | QUINSTREET INC | QNST | 74874Q100 | $6.2M | 3.27% | 518,879 | SH |
| 8 | LIFETIME BRANDS INC | LCUT | 53222Q103 | $6.1M | 3.21% | 1,065,810 | SH |
| 9 | BOWMAN CONSULTING GROUP LTD | BWMN | 103002101 | $6.0M | 3.13% | 210,333 | SH |
| 10 | RESERVOIR MEDIA INC | RSVR | 76119X105 | $5.5M | 2.88% | 560,658 | SH |
| 11 | NOODLES & CO | — | 65540B105 | $5.0M | 2.63% | 587,393 | SH |
| 12 | MATTHEWS INTL CORP | MATW | 577128101 | $4.5M | 2.34% | 172,715 | SH |
| 13 | FORWARD AIR CORP | FWRD | 34986A104 | $3.8M | 1.99% | 226,750 | SH |
| 14 | PHOTRONICS | PLAB | 719405102 | $3.2M | 1.70% | 80,200 | SH |
| 15 | KIMBELL RTY PARTNERS LP | KRP | 49435R102 | $3.2M | 1.68% | 221,295 | SH |
| 16 | CONCRETE PUMPING HLDGS INC | BBCP | 206704108 | $3.1M | 1.61% | 430,805 | SH |
| 17 | ARHAUS INC | ARHS | 04035M102 | $2.7M | 1.44% | 403,900 | SH |
| 18 | CIVEO CORP | CVEO | 17878Y207 | $2.7M | 1.41% | 101,738 | SH |
| 19 | NOODLES & CO | — | 65540B105 | $2.4M | 1.27% | 283,267 | SH |
| 20 | CENTURY CASINOS INC | CNTY | 156492100 | $1.5M | 0.80% | 1,095,900 | SH |
| 21 | PAPA JOHNS INTL INC | PZZA | 698813102 | $1.0M | 0.54% | 31,900 | SH |
| 22 | CULP INC | CULP | 230215105 | $889.6K | 0.47% | 324,669 | SH |
| 23 | BLUE BIRD CORP | BLBD | 095306106 | $329.4K | 0.17% | 5,800 | SH |
| 24 | INOTIV INC | NOTV | 45783QAB6 | $234.6K | 0.12% | 1,000,000 | PRN |
| 25 | POWERFLEET INC | AIOT | 73931J109 | $46.5K | 0.02% | 15,100 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $190.8M | 25 | 0001193125-26-225515 |
| 2025-12-31 | 2026-02-17 | $168.3M | 24 | 0001193125-26-053630 |
| 2025-09-30 | 2025-11-14 | $192.0M | 26 | 0001193125-25-281910 |