Mill Road Capital Management LLC
13F Reported Value
ⓘ$190.8M
Holdings
24
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Mill Road Capital Management LLC disclosed 24 positions worth $190.8M in its Form 13F-HR for Q1 2026, led by $NVRI (ENVIRI Corp) at 21.5% of the equity portfolio, followed by $MG and $ALTG. During the quarter the fund opened 3 new positions and exited 2 — including a new stake in $BWMN and a full exit from $NGS. The portfolio is most concentrated in Industrials (40.2% of disclosed assets). All figures are sourced directly from Mill Road Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 1512275.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 35.6#2,133
Quality
$41.0M2,090,743 sh - 42.3#1,853
Quality
$27.6M1,870,580 sh - 34.6#2,187
Quality
$23.5M4,373,208 sh - 44.1
Quality
$16.7M2,370,897 sh - 35.6
Quality
$16.1M838,035 sh - 30.4
Quality
$7.4M870,660 sh - 36.8
Quality
$7.3M134,964 sh - 68.9
Quality
$6.2M518,879 sh - 31.3
Quality
$6.1M1,065,810 sh - —
Quality
$6.0M210,333 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 ENVIRI Corp$NVRI | 35.6#2,133 | $41.0M | 2,090,743 |
 Mistras Group, Inc.$MG | 42.3#1,853 | $27.6M | 1,870,580 |
 ALTA EQUIPMENT GROUP INC.$ALTG | 34.6#2,187 | $23.5M | 4,373,208 |
 Grocery Outlet Holding Corp.$GO | 44.1 | $16.7M | 2,370,897 |
 BEAZER HOMES USA INC$BZH | 35.6 | $16.1M | 838,035 |
 NOODLES & Co$NDLS | 30.4 | $7.4M | 870,660 |
 BlueLinx Holdings Inc.$BXC | 36.8 | $7.3M | 134,964 |
 QUINSTREET, INC$QNST | 68.9 | $6.2M | 518,879 |
 LIFETIME BRANDS, INC$LCUT | 31.3 | $6.1M | 1,065,810 |
 Bowman Consulting Group Ltd.$BWMN | — | $6.0M | 210,333 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Mill Road Capital Management LLC's 24 positions.
Showing top 10 of 24 holdings.
Sector Allocation
Industrials
$76.7M
Consumer Discretionary
$47.1M
Technology
$36.9M
Consumer Staples
$16.7M
Communication Services
$5.5M
Materials
$4.5M
Energy
$3.2M
Healthcare
$234,560
Full Holdings — Mill Road Capital Management LLC (Q1 2026)
All 24 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $NVRI | ENVIRI Corp | $41.0M | 21.5% | +0% | 35.6 |
| 2 | $MG | Mistras Group, Inc. | $27.6M | 14.5% | +12% | 42.3 |
| 3 | $ALTG | ALTA EQUIPMENT GROUP INC. | $23.5M | 12.3% | +2% | 34.6 |
| 4 | $GO | Grocery Outlet Holding Corp. | $16.7M | 8.8% | +139% | 44.1 |
| 5 | $BZH | BEAZER HOMES USA INC | $16.1M | 8.4% | +0% | 35.6 |
| 6 | $NDLS | NOODLES & Co | $7.4M | 3.9% | -88% | 30.4 |
| 7 | $BXC | BlueLinx Holdings Inc. | $7.3M | 3.8% | +0% | 36.8 |
| 8 | $QNST | QUINSTREET, INC | $6.2M | 3.3% | +0% | 68.9 |
| 9 | $LCUT | LIFETIME BRANDS, INC | $6.1M | 3.2% | +0% | 31.3 |
| 10 | $BWMN | Bowman Consulting Group Ltd. | $6.0M | 3.1% | NEW | — |
| 11 |  $RSVR | Reservoir Media, Inc. | $5.5M | 2.9% | -45% | 54.6 |
| 12 |  $MATW | MATTHEWS INTERNATIONAL CORP | $4.5M | 2.3% | +31% | 41.3 |
| 13 |  $FWRD | FORWARD AIR CORP | $3.8M | 2.0% | +35% | 52.4 |
| 14 |  $PLAB | PHOTRONICS INC | $3.2M | 1.7% | +0% | 51.1 |
| 15 |  $KRP | Kimbell Royalty Partners, LP | $3.2M | 1.7% | -59% | 68.1 |
| 16 |  $BBCP | Concrete Pumping Holdings, Inc. | $3.1M | 1.6% | +0% | 37 |
| 17 |  $ARHS | Arhaus, Inc. | $2.7M | 1.4% | NEW | 47.6 |
| 18 |  $CVEO | Civeo Corp | $2.7M | 1.4% | +11% | 27.9 |
| 19 |  $CNTY | CENTURY CASINOS INC /CO/ | $1.5M | 0.8% | +0% | 34.6 |
| 20 |  $PZZA | PAPA JOHNS INTERNATIONAL INC | $1.0M | 0.5% | NEW | 44.3 |
| 21 |  $CULP | CULP INC | $889,593 | 0.5% | +0% | 30.2 |
| 22 |  $BLBD | Blue Bird Corp | $329,382 | 0.2% | +0% | 67.1 |
| 23 |  $NOTV | Inotiv, Inc. | $234,560 | 0.1% | +0% | 29.3 |
| 24 |  $AIOT | Powerfleet, Inc. | $46,508 | 0.0% | +1% | 44.8 |
New Positions (3)
Exited Positions (2)
$NGS NATURAL GAS SERVICES GROUP INCBrowse Top Institutional Investors
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AI-Powered Hedge Fund Analysis: Mill Road Capital Management LLC
13F Pro is an AI hedge fund tracker and stock research platform. For Mill Road Capital Management LLC (SEC CIK: 1512275), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Mill Road Capital Management LLC's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.