MR

Mill Road Capital Management LLC

Momentum followerQuality / disciplined sizing

Total reported value

$190.8M

Reporting period: 2026-03-31 · Number of holdings: 25

Mill Road Capital Management LLC disclosed 25 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $190.8M and a quarterly turnover rate of 29.0%.

Personality snowflake

Concentration
42.54
Portfolio Stability
28.98
Momentum/Contrarian
100
Sector conviction
0
Diversification
48
Sizing Uniformity
87.27

Recent moves

  • Add GO

    +139.1%　$6.7M

  • Trim KRP

    -58.9%　-$3.1M

  • Add MG

    +11.8%　$6.5M

  • Trim RSVR

    -45.3%　-$2.3M

  • Trim BZH

    +0.4%　-$791.0K

  • Trim QNST

    0.0%　-$1.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 24 holdings (of 25 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1HA7Enviri CORPStock-Other21.50%-0.76%—
2MGMistras Group INCStock-Other14.49%+1.92%+11.83%
3ALTGAlta Equipment Group INCStock-Other12.31%+0.58%+1.86%
4GOGrocery Outlet Holding CORPStock-Other8.76%+2.81%+139.12%
5BZHBeazer Homes USA INCStock-Other8.45%-1.60%+0.43%
6NDLSUSDNoodles & CoStock-Other3.90%+0.98%-87.50%
7BXCBluelinx Holdings INCStock-Other3.83%-1.10%—
8QNSTQuinstreet INCStock-Other3.27%-1.16%—
9LCUTLifetime Brands INCStock-Other3.21%+0.71%—
10BWMNBowman Consulting Group LTDStock-Other3.13%+3.13%NEW
11RSVRReservoir Media INCStock-Other2.88%-1.73%-45.32%
12MATWMatthews Intl Corp-class AStock-Other2.34%+0.30%+31.23%
13FWRDForward Air CORPStock-Other1.99%-0.50%+35.25%
14PLABPhotronics INCStock-Other1.70%+0.18%—
15KRPKimbell Royalty Partners LPStock-Other1.68%-2.08%-58.88%
16BBCPConcrete Pumping Holdings InStock-Other1.61%-0.11%—
17ARHSArhaus INCStock-Other1.44%+1.44%NEW
18CVEOCiveo CORPStock-Other1.41%+0.16%+10.98%
19CNTYCentury Casinos INCStock-Other0.80%-0.07%—
20PZZAPapa John's Intl INCStock-Other0.54%+0.54%NEW
21CULPCulp INCStock-Other0.47%-0.22%—
22BLBDBlue Bird CORPStock-Other0.17%+0.01%—
23NOTV 3.25 10-15-27Inotiv INCStock-Other0.12%-0.02%—
24AIOTPowerfleet INCStock-Other0.02%-0.03%+0.67%

Holding changes this quarter

Mill Road Capital Management LLC's most significant position changes for 2026-03-31: New buy: Bowman Consulting Group LTD (BWMN); Sold out: Natural Gas Services Group (NGS); New buy: Arhaus INC (ARHS); Sold out: Truecar INC (5TC); New buy: Papa John's Intl INC (PZZA).

Position changes disclosed by Mill Road Capital Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1GOGrocery Outlet Holding CORP+2.8%+139.12%Add
2MGMistras Group INC+1.9%+11.83%Add
3NDLSUSDNoodles & Co+1%-87.50%Trim
4LCUTLifetime Brands INC+0.7%—Unchanged
5ALTGAlta Equipment Group INC+0.6%+1.86%Add
6MATWMatthews Intl Corp-class A+0.3%+31.23%Add
7PLABPhotronics INC+0.2%—Unchanged
8CVEOCiveo CORP+0.2%+10.98%Add
9BLBDBlue Bird CORP0%—Unchanged
10NOTV 3.25 10-15-27Inotiv INC0%—Unchanged
11AIOTPowerfleet INC0%+0.67%Add
12CNTYCentury Casinos INC-0.1%—Unchanged
13BBCPConcrete Pumping Holdings In-0.1%—Unchanged
14CULPCulp INC-0.2%—Unchanged
15FWRDForward Air CORP-0.5%+35.25%Add
16HA7Enviri CORP-0.8%—Unchanged
17BXCBluelinx Holdings INC-1.1%—Unchanged
18QNSTQuinstreet INC-1.2%—Unchanged
19BZHBeazer Homes USA INC-1.6%+0.43%Add
20RSVRReservoir Media INC-1.7%-45.32%Trim
21KRPKimbell Royalty Partners LP-2.1%-58.88%Trim
22BWMNBowman Consulting Group LTD—NEWNew buy
23NGSNatural Gas Services Group—EXITSold out
24ARHSArhaus INC—NEWNew buy
255TCTruecar INC—EXITSold out
26PZZAPapa John's Intl INC—NEWNew buy

FAQ

What is Mill Road Capital Management LLC and what type of investor is it?
Mill Road Capital Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $190.8M, spread across 25 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. Enviri CORP (HA7) — $41.0M (21.5%) 2. Mistras Group INC (MG) — $27.6M (14.5%) 3. Alta Equipment Group INC (ALTG) — $23.5M (12.3%) 4. Grocery Outlet Holding CORP (GO) — $16.7M (8.8%) 5. Beazer Homes USA INC (BZH) — $16.1M (8.4%)
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 16 notable position adjustments: 3 new positions were initiated, 8 existing holdings were added to, 3 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Bowman Consulting Group LTD (BWMN); Sold out: Natural Gas Services Group (NGS); New buy: Arhaus INC (ARHS); Sold out: Truecar INC (5TC); New buy: Papa John's Intl INC (PZZA)
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.