Institutional Manager · CIK 0001512275
Mill Road Capital Management LLC
GREENWICH, CT · File #028-14342
Latest AUM
$168.3M
Positions
24
Top-10 Concentration
82.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | PERFORMANT HEALTHCARE INC | 71377E105 | -3,261,675 | -$25.2M | $0 |
| REDUCE | NATURAL GAS SVCS GROUP INC | 63886Q109 | -295,745 | -$10.0M | +$2.3M |
| ADD | GROCERY OUTLET HLDG | GO | +956,593 | +$9.7M | -$207,655 |
| REDUCE | PHOTRONICS | PLAB | -244,420 | -$7.8M | +$2.9M |
| ADD | RESERVOIR MEDIA INC | RSVRW | +697,686 | +$5.3M | -$186,815 |
| EXITED | ZIMVIE INC | 98888T107 | -187,430 | -$3.5M | $0 |
| NEW | MATTHEWS INTL CORP | 577128101 | +131,615 | +$3.4M | $0 |
| ADD | QUINSTREET INC | QNST | +152,200 | +$2.2M | -$403,347 |
| REDUCE | TRUECAR INC | 89785L107 | -837,725 | -$1.9M | +$723,997 |
| ADD | CIVEO CORP | CVEO | +77,676 | +$1.8M | -$1,820 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202524 pos · $168.3M
- 13F HOLDINGS REPORTQ/E Sep 202526 pos · $192.0M
- 13F HOLDINGS REPORTQ/E Jun 202525 pos · $156.2M
- 13F HOLDINGS REPORTQ/E Mar 202524 pos · $176.3M
- 13F HOLDINGS REPORTQ/E Dec 202425 pos · $208.2M
- 13F HOLDINGS REPORTQ/E Sep 202424 pos · $210.3M
- 13F HOLDINGS REPORTQ/E Jun 202421 pos · $187.7M
- 13F HOLDINGS REPORTQ/E Mar 202423 pos · $230.1M
- 13F HOLDINGS REPORTQ/E Dec 202326 pos · $190.1M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ENVIRI CORP | NVRI | 2,090,743 | $37.5M | 22.26% |
| 2 | MISTRAS GROUP INC | MG | 1,672,681 | $21.2M | 12.57% |
| 3 | ALTA EQUIPMENT GROUP INC | ALTG-PA | 4,293,208 | $19.7M | 11.73% |
| 4 | BEAZER HOMES USA INC | BZH | 834,474 | $16.9M | 10.05% |
| 5 | GROCERY OUTLET HLDG | GO | 991,493 | $10.0M | 5.95% |
| 6 | BLUELINX HLDGS INC | BXC | 134,964 | $8.3M | 4.93% |
| 7 | RESERVOIR MEDIA INC | RSVRW | 1,025,432 | $7.8M | 4.61% |
| 8 | QUINSTREET INC | QNST | 518,879 | $7.5M | 4.43% |
| 9 | KIMBELL RTY PARTNERS LP | 49435R102 | 538,195 | $6.3M | 3.76% |
| 10 | LIFETIME BRANDS INC | LCUT | 1,065,810 | $4.2M | 2.50% |
| 11 | FORWARD AIR CORP | FWRD | 167,650 | $4.2M | 2.49% |
| 12 | NATURAL GAS SVCS GROUP INC | 63886Q109 | 109,000 | $3.7M | 2.18% |
| 13 | MATTHEWS INTL CORP | 577128101 | 131,615 | $3.4M | 2.04% |
| 14 | NOODLES & CO | NDLS | 4,699,148 | $3.3M | 1.97% |
| 15 | CONCRETE PUMPING HLDGS INC | BBCP | 430,805 | $2.9M | 1.72% |
| 16 | PHOTRONICS | PLAB | 80,200 | $2.6M | 1.52% |
| 17 | CIVEO CORP | CVEO | 91,676 | $2.1M | 1.25% |
| 18 | TRUECAR INC | 89785L107 | 886,075 | $2.0M | 1.19% |
| 19 | NOODLES & CO | NDLS | 2,266,143 | $1.6M | 0.95% |
| 20 | CENTURY CASINOS INC | CNTY | 1,095,900 | $1.5M | 0.87% |