MR
Mill Road Capital Management LLC SEC 13F Holdings (Q2 2026) — Top Position: MISTRAS GROUP INC
Mill Road Capital Management LLCCIK: 0001512275
Momentum followerQuality / disciplined sizing
Total reported value
$202.5M
Reporting period: 2026-06-30 · Number of holdings: 23
Mill Road Capital Management LLC disclosed 23 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $202.5M and a quarterly turnover rate of 41.0%.
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Personality snowflake
- Concentration
- 38.12
- Portfolio Stability
- 40.99
- Momentum
- 100
- Sector conviction
- 0
- Diversification
- 44
- Sizing Uniformity
- 89.28
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim HA7
-66.7% -$25.8M
Add GO
+3.5% $7.8M
Add BZH
+0.4% $7.5M
Add NDLSUSD
0.0% $5.6M
Trim RSVR
-84.0% -$4.6M
Add MG
+3.2% $6.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 22 holdings (of 23 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MG | Mistras Group Inc | Stock-Other | 16.64% | +2.15% | +3.15% | |
| 2 | ALTG | Alta Equipment Group Inc | Stock-Other | 13.97% | +1.66% | — | |
| 3 | GO | Grocery Outlet Holding CORP | Stock-Other | 12.09% | +3.33% | +3.50% | |
| 4 | BZH | Beazer Homes USA Inc | Stock-Other | 11.65% | +3.20% | +0.38% | |
| 5 | HA7 | Enviri CORP | Stock-Other | 7.54% | -13.96% | -66.75% | |
| 6 | NDLSUSD | Noodles & Co | Stock-Other | 6.43% | +2.53% | — | |
| 7 | BWMN | Bowman Consulting Group LTD | Stock-Other | 4.81% | +1.68% | +58.73% | |
| 8 | LCUT | Lifetime Brands Inc | Stock-Other | 4.23% | +1.02% | -5.74% | |
| 9 | BXC | Bluelinx Holdings Inc | Stock-Other | 4.12% | +0.29% | — | |
| 10 | QNST | Quinstreet Inc | Stock-Other | 3.75% | +0.48% | — | |
| 11 | MATW | Matthews Intl Corp-class A | Stock-Other | 2.72% | +0.38% | +18.47% | |
| 12 | BBCP | Concrete Pumping Holdings In | Stock-Other | 2.56% | +0.95% | — | |
| 13 | ARHS | Arhaus Inc | Stock-Other | 2.19% | +0.75% | +30.45% | |
| 14 | FWRD | Forward Air CORP | Stock-Other | 1.95% | -0.04% | +28.89% | |
| 15 | CVEO | Civeo CORP | Stock-Other | 1.61% | +0.20% | -8.45% | |
| 16 | KRP | Kimbell Royalty Partners LP | Stock-Other | 1.55% | -0.13% | -2.62% | |
| 17 | CNTY | Century Casinos Inc | Stock-Other | 0.69% | -0.11% | — | |
| 18 | CULP | Culp Inc | Stock-Other | 0.50% | +0.03% | — | |
| 19 | RSVR | Reservoir Media Inc | Stock-Other | 0.44% | -2.44% | -83.97% | |
| 20 | PZZA | Papa John's Intl Inc | Stock-Other | 0.30% | -0.24% | -48.59% | |
| 21 | BLBD | Blue Bird CORP | Stock-Other | 0.23% | +0.06% | — | |
| 22 | AIOT | Powerfleet Inc | Stock-Other | 0.03% | +0.01% | — |
Portfolio Performance
Performance for Q3 2026
+16.5%
Performance Last 4 Quarters
+26.4%
Based on 74% of reported portfolio value with available pricing
- Stdev
- +30.5%
- Beta
- +1.4
- Alpha
- -11.3%
- Max Drawdown
- -32.4%
- Annualized Perf
- +12.9%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +0.98
- Stutzer
- +0.16
- Treynor
- +0.12
- Sterling
- +0.45
- Calmar
- +0.4
- Information Ratio
- -0.13
- Tracking Error
- +25.1%
- Stdev Down
- +17%
- Winning Months %
- +47.2%
- Losing Months %
- +52.8%
- Best 12 Months
- +60.8%
- Worst 12 Months
- -27.7%
- Efficiency Ratio
- +0.16
- Sharpe
- +0.55
- Stdev Sectors
- —
- Skewness
- +0.3
- Kurtosis
- -1.09
- Upside Potential
- +3.19
Reported value over time
Sector allocation
Not enough sector-mapped data yet
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 23 | $202.5M | 41 | ||
| 2026 Q1 | 25 | $190.8M | 29 | ||
| 2025 Q4 | 24 | $168.3M | 56 | ||
| 2025 Q3 | 26 | $192.0M | 61 | ||
| 2025 Q2 | 25 | $156.2M | 0 | ||
| 2025 Q1 | 24 | $176.3M | 100 | ||
| 2024 Q4 | 25 | $208.2M | 0 | ||
| 2024 Q3 | 24 | $210.3M | 0 | ||
| 2024 Q2 | 21 | $187.7M | 0 | ||
| 2024 Q1 | 23 | $230.1M | 0 | ||
| 2023 Q4 | 23 | $218.9M | 0 | ||
| 2023 Q3 | 26 | $190.1M | 0 | ||
| 2023 Q2 | 25 | $184.8M | 0 | ||
| 2023 Q1 | 26 | $194.3M | 0 | ||
| 2022 Q4 | 24 | $183.0M | 0 | ||
| 2022 Q3 | 26 | $209.4M | 0 | ||
| 2022 Q2 | 27 | $239.1M | 0 | ||
| 2022 Q1 | 27 | $269.0M | 0 | ||
| 2021 Q4 | 27 | $300.7M | 0 | ||
| 2021 Q3 | 29 | $304.2M | 0 | ||
| 2021 Q2 | 24 | $296.6M | 100 | ||
| 2021 Q1 | 23 | $302.4M | 60 | ||
| 2020 Q4 | 21 | $283.0M | 100 | ||
| 2019 Q3 | 8 | $62.6M | 23 | ||
| 2019 Q2 | 7 | $73.1M | 20 | ||
| 2019 Q1 | 10 | $76.5M | 9 | ||
| 2018 Q4 | 12 | $78.9M | 56 | ||
| 2018 Q3 | 12 | $134.5M | 23 | ||
| 2018 Q2 | 12 | $166.7M | 38 | ||
| 2018 Q1 | 12 | $125.4M | 36 | ||
| 2017 Q4 | 11 | $104.6M | 100 | ||
| 2015 Q3 | 15 | $49.8M | 33 | ||
| 2015 Q2 | 14 | $41.6M | 35 | ||
| 2015 Q1 | 13 | $30.4M | 26 | ||
| 2014 Q4 | 14 | $31.5M | 30 | ||
| 2014 Q3 | 17 | $37.2M | 64 | ||
| 2014 Q2 | 15 | $61.6M | 21 | ||
| 2014 Q1 | 15 | $66.3M | 66 | ||
| 2013 Q4 | 16 | $109.0M | 46 | ||
| 2013 Q3 | 18 | $152.2M | 46 | 102874026381043068798 | |
| 2013 Q2 | 19 | $103.1M | 0 |
Holding changes this quarter
Mill Road Capital Management LLC's most significant position changes for 2026-06-30: Sold out: Photronics Inc (PLAB); Sold out: Inotiv Inc (NOTV 3.25 10-15-27); Trim: Enviri CORP (HA7) — shares -66.75%; Add: Grocery Outlet Holding CORP (GO) — shares +3.50%; Add: Beazer Homes USA Inc (BZH) — shares +0.38%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GO | Grocery Outlet Holding CORP | +3.3% | +3.50% | Add |
| 2 | BZH | Beazer Homes USA Inc | +3.2% | +0.38% | Add |
| 3 | NDLSUSD | Noodles & Co | +2.5% | — | Unchanged |
| 4 | MG | Mistras Group Inc | +2.2% | +3.15% | Add |
| 5 | BWMN | Bowman Consulting Group LTD | +1.7% | +58.73% | Add |
| 6 | ALTG | Alta Equipment Group Inc | +1.7% | — | Unchanged |
| 7 | LCUT | Lifetime Brands Inc | +1% | -5.74% | Trim |
| 8 | BBCP | Concrete Pumping Holdings In | +1% | — | Unchanged |
| 9 | ARHS | Arhaus Inc | +0.8% | +30.45% | Add |
| 10 | QNST | Quinstreet Inc | +0.5% | — | Unchanged |
| 11 | MATW | Matthews Intl Corp-class A | +0.4% | +18.47% | Add |
| 12 | BXC | Bluelinx Holdings Inc | +0.3% | — | Unchanged |
| 13 | CVEO | Civeo CORP | +0.2% | -8.45% | Trim |
| 14 | BLBD | Blue Bird CORP | +0.1% | — | Unchanged |
| 15 | CULP | Culp Inc | 0% | — | Unchanged |
| 16 | AIOT | Powerfleet Inc | 0% | — | Unchanged |
| 17 | FWRD | Forward Air CORP | 0% | +28.89% | Add |
| 18 | CNTY | Century Casinos Inc | -0.1% | — | Unchanged |
| 19 | NOTV 3.25 10-15-27Bond | Inotiv Inc | -0.1% | EXIT | Sold out |
| 20 | KRP | Kimbell Royalty Partners LP | -0.1% | -2.62% | Trim |
| 21 | PZZA | Papa John's Intl Inc | -0.2% | -48.59% | Trim |
| 22 | PLAB | Photronics Inc | -1.7% | EXIT | Sold out |
| 23 | RSVR | Reservoir Media Inc | -2.4% | -83.97% | Trim |
| 24 | HA7 | Enviri CORP | -14% | -66.75% | Trim |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Mill Road Capital Management LLC and what type of investor is it?
Mill Road Capital Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $202.5M, spread across 23 disclosed positions.
What are Mill Road Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Mill Road Capital Management LLC's top holdings by market value are:
1. Mistras Group Inc (MG) — $33.7M (16.6%)
2. Alta Equipment Group Inc (ALTG) — $28.3M (14.0%)
3. Grocery Outlet Holding CORP (GO) — $24.5M (12.1%)
4. Beazer Homes USA Inc (BZH) — $23.6M (11.7%)
5. Enviri CORP (HA7) — $15.3M (7.5%)
What changes did Mill Road Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Mill Road Capital Management LLC made 15 notable position adjustments: 0 new positions were initiated, 7 existing holdings were added to, 6 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Photronics Inc (PLAB); Sold out: Inotiv Inc (NOTV 3.25 10-15-27); Trim: Enviri CORP (HA7) — shares -66.75%; Add: Grocery Outlet Holding CORP (GO) — shares +3.50%; Add: Beazer Homes USA Inc (BZH) — shares +0.38%
What sectors does Mill Road Capital Management LLC focus on?
Sector breakdown data is not yet available for Mill Road Capital Management LLC. Check back after the next 13F processing cycle.
Investment Profile
Mill Road Capital Management LLC returned an annualized 12.9% over the trailing 36 months — underperforming the S&P 500 by 11.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.40 (more volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active.
Its turnover score has risen from 0 to 41 over the past 4 quarters — a shift toward more active trading.
It has added to its GO position over the past two quarters (+$14.5M, now $24.5M), while trimming RSVR over the same stretch (-$6.9M, still holding $888.7K).
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Developer Access
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