Mill Road Capital Management LLC

CIK

1512275

Location

Greenwich, CT

Portfolio Value

Small $142,123,011

Diversification

Diversified

Filing Date

Global Rank

#4,609 / 8,232 ▲ 574

Top Industry

Security & Protection Services 19.5%

3Y Alpha vs SPY

-8.3%

Period ended 2 months ago

Filed May 15, 2026 · 30d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+42.5%

SPY

+76.3%

Annualised alpha

-8.3%

Max drawdown

−35.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

22 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

19.5%

+2.3 pts

Top 5

64.2%

+2.7 pts

Top 10

84.1%

−1.6 pts

HHI

1,057

Diversified+55

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	53.5%	$76,079,339	9
Consumer Cyclical	21.9%	$31,118,744	7
Consumer Defensive	11.8%	$16,714,823	1
Communication Services	8.2%	$11,720,577	2
Technology	2.3%	$3,287,390	2
Energy	2.3%	$3,202,138	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
GO	Grocery Outlet Holding Corp.	+1,379,404	2,370,897	$16,714,823
MG	Mistras Group, Inc.	+197,899	1,870,580	$27,647,172
ALTG	Alta Equipment Group Inc.	+80,000	4,373,208	$23,484,126
FWRD	Forward Air Corp	+59,100	226,750	$3,788,992
MATW	Matthews International Corp	+41,100	172,715	$4,459,501
CVEO	Civeo Corp	+10,062	101,738	$2,691,987
BZH	Beazer Homes USA Inc	+3,561	838,035	$16,123,793
AIOT	Powerfleet, Inc.	+100	15,100	$46,508
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
RSVR	Reservoir Media, Inc.	−464,774	560,658	$5,488,841
KRP	Kimbell Royalty Partners, LP	−316,900	221,295	$3,202,138
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
BWMN	Bowman Consulting Group Ltd.	210,333	$5,981,870
ARHS	Arhaus, Inc.	403,900	$2,738,442
PZZA	Papa Johns International Inc	31,900	$1,033,879
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
NGS	Natural Gas Services Group Inc	109,000	$3,667,850
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

22 positions · $142,123,011 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MG	Mistras Group, Inc. Industrials	Added	1,870,580	+197,899	$27,647,172	+30.7%	19.45%
ALTG	Alta Equipment Group Inc. Industrials	Added	4,373,208	+80,000	$23,484,126	+18.9%	16.52%
GO	Grocery Outlet Holding Corp. Consumer Defensive	Added	2,370,897	+1,379,404	$16,714,823	+66.9%	11.76%
BZH	Beazer Homes USA Inc Consumer Cyclical	Added	838,035	+3,561	$16,123,793	−4.7%	11.34%
BXC	BlueLinx Holdings Inc. Industrials	Held	134,964	0	$7,312,349	−11.8%	5.15%
QNST	Quinstreet, Inc Communication Services	Held	518,879	0	$6,231,736	−16.4%	4.38%
LCUT	Lifetime Brands, Inc Consumer Cyclical	Held	1,065,810	0	$6,117,749	+45.3%	4.30%
BWMN	Bowman Consulting Group Ltd. Industrials	NEW	210,333	NEW	$5,981,870	NEW	4.21%
RSVR	Reservoir Media, Inc. Communication Services	Reduced	560,658	-464,774	$5,488,841	−29.3%	3.86%
MATW	Matthews International Corp Industrials	Added	172,715	+41,100	$4,459,501	+29.7%	3.14%
FWRD	Forward Air Corp Industrials	Added	226,750	+59,100	$3,788,992	−9.6%	2.67%
PLAB	Photronics Inc Technology	Held	80,200	0	$3,240,882	+26.3%	2.28%
KRP	Kimbell Royalty Partners, LP Energy	Reduced	221,295	-316,900	$3,202,138	−49.4%	2.25%
BBCP	Concrete Pumping Holdings, Inc. Industrials	Held	430,805	0	$3,075,947	+6.4%	2.16%
ARHS	Arhaus, Inc. Consumer Cyclical	NEW	403,900	NEW	$2,738,442	NEW	1.93%
CVEO	Civeo Corp Consumer Cyclical	Added	101,738	+10,062	$2,691,987	+28.4%	1.89%
CNTY	Century Casinos Inc /Co/ Consumer Cyclical	Held	1,095,900	0	$1,523,301	+4.5%	1.07%
PZZA	Papa Johns International Inc Consumer Cyclical	NEW	31,900	NEW	$1,033,879	NEW	0.73%
CULP	Culp Inc Consumer Cyclical	Held	324,669	0	$889,593	−23.0%	0.63%
BLBD	Blue Bird Corp Industrials	Held	5,800	0	$329,382	+20.8%	0.23%
AIOT	Powerfleet, Inc. Technology	Added	15,100	+100	$46,508	−41.7%	0.03%
NVRI-WI	Enviri II Corp Industrials	Held	2,090,743	0	$0	—	0.00%