# Mill Road Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1512275. Source: https://holderbook.com/funds/1512275-mill-road-capital-management-llc/

- Reported value: $202.5M
- Positions: 22
- Weight of the ten largest: 85.2%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MISTRAS GROUP INC | [MG](https://holderbook.com/stocks/MG/) | $33.7M | 1,929,509 | 16.6% | 23 |
| ALTA EQUIPMENT GROUP INC | [ALTG](https://holderbook.com/stocks/ALTG/) | $28.3M | 4,373,208 | 14.0% | 22 |
| GROCERY OUTLET HLDG CORP | [GO](https://holderbook.com/stocks/GO/) | $24.5M | 2,453,897 | 12.1% | 5 |
| BEAZER HOMES USA INC | [BZH](https://holderbook.com/stocks/BZH/) | $23.6M | 841,235 | 11.7% | 9 |
| ENVIRI CORP | [NVRI](https://holderbook.com/stocks/NVRI/) | $15.3M | 695,264 | 7.5% | 8 |
| NOODLES & CO | [NDLS](https://holderbook.com/stocks/NDLS/) | $13.0M | 870,660 | 6.4% | 27 |
| BOWMAN CONSULTING GROUP LTD | [BWMN](https://holderbook.com/stocks/BWMN/) | $9.7M | 333,872 | 4.8% | 2 |
| LIFETIME BRANDS INC | [LCUT](https://holderbook.com/stocks/LCUT/) | $8.6M | 1,004,646 | 4.2% | 27 |
| BLUELINX HLDGS INC | [BXC](https://holderbook.com/stocks/BXC/) | $8.4M | 134,964 | 4.1% | 12 |
| QUINSTREET INC | [QNST](https://holderbook.com/stocks/QNST/) | $7.6M | 518,879 | 3.8% | 23 |
| MATTHEWS INTL CORP | [MATW](https://holderbook.com/stocks/MATW/) | $5.5M | 204,615 | 2.7% | 3 |
| CONCRETE PUMPING HLDGS INC | [BBCP](https://holderbook.com/stocks/BBCP/) | $5.2M | 430,805 | 2.6% | 22 |
| ARHAUS INC | [ARHS](https://holderbook.com/stocks/ARHS/) | $4.4M | 526,900 | 2.2% | 2 |
| FORWARD AIR CORP | [FWRD](https://holderbook.com/stocks/FWRD/) | $3.9M | 292,250 | 1.9% | 4 |
| CIVEO CORP CDA | [CVEO](https://holderbook.com/stocks/CVEO/) | $3.3M | 93,138 | 1.6% | 4 |
| KIMBELL RTY PARTNERS LP | [KRP](https://holderbook.com/stocks/KRP/) | $3.1M | 215,495 | 1.5% | 22 |
| CENTURY CASINOS INC | [CNTY](https://holderbook.com/stocks/CNTY/) | $1.4M | 1,095,900 | 0.7% | 22 |
| CULP INC | [CULP](https://holderbook.com/stocks/CULP/) | $1.0M | 324,669 | 0.5% | 23 |
| RESERVOIR MEDIA INC | [RSVR](https://holderbook.com/stocks/RSVR/) | $888.7K | 89,858 | 0.4% | 5 |
| PAPA JOHNS INTL INC | [PZZA](https://holderbook.com/stocks/PZZA/) | $603.0K | 16,400 | 0.3% | 2 |
| BLUE BIRD CORP | [BLBD](https://holderbook.com/stocks/BLBD/) | $458.0K | 5,800 | 0.2% | 5 |
| POWERFLEET INC | [AIOT](https://holderbook.com/stocks/AIOT/) | $57.8K | 15,100 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +19.7% | +14.8% | +4.9% | 96% |
| Q1 2026 | +6.2% | -4.6% | +10.8% | 96% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 85% |
| Q3 2025 | +21.3% | +7.8% | +13.5% | 100% |
| Q2 2025 | +2.4% | +10.5% | -8.1% | 89% |
| Q1 2025 | -15.6% | -4.6% | -11.0% | 100% |
| Q4 2024 | -6.8% | +2.1% | -8.9% | 100% |
| Q3 2024 | +2.5% | +5.4% | -3.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $202.5M | 22 |
| Q1 2026 | $190.8M | 24 |
| Q4 2025 | $168.3M | 23 |
| Q3 2025 | $192.0M | 25 |
| Q2 2025 | $156.2M | 24 |
| Q1 2025 | $176.3M | 24 |
| Q4 2024 | $208.2M | 25 |
| Q3 2024 | $210.3M | 24 |
| Q2 2024 | $187.7M | 21 |
| Q1 2024 | $230.1M | 23 |
| Q4 2023 | $218.9M | 23 |
| Q3 2023 | $190.1M | 26 |