Mill Road Capital Management LLC
Mill Road Capital Management LLC reported 22 US-listed holdings worth $202.5 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Mistras Group Inc. (16.6%), Alta Equipment Group Inc. (14.0%) and Grocery Outlet Holding Corp. (12.1%). Against the quarter before, it opened 0 positions, added to 7, trimmed 6 and sold out of 1.
The 14 largest of its 22 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +33.1% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Added to 7
- Bowman Consulting Group Ltd BWMN+123,539 shares · +59%
- Arhaus Inc. ARHS+123,000 shares · +30%
- Mistras Group Inc. MG+58,929 shares · +3%
- Forward Air Corp. FWRD+65,500 shares · +29%
- Matthews International Corp. MATW+31,900 shares · +18%
- Grocery Outlet Holding Corp. GO+83,000 shares · +4%
- Beazer Homes USA Inc. BZH+3,200 shares · +0%
Trimmed 6
- Enviri Corp. NVRI-1.4 million shares · -67%
- Reservoir Media Inc. RSVR-470,800 shares · -84%
- Papa John's International, Inc. PZZA-15,500 shares · -49%
- Lifetime Brands Inc. LCUT-61,164 shares · -6%
- Civeo Corp. Cda CVEO-8,600 shares · -8%
- Kimbell Rty Partners LP KRP-5,800 shares · -3%
Sold out of 1
- Photronics Inc. PLAB$3.2 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Mistras Group Inc. MG | 1.9M | $33.7 million | 16.64% | +58.9K |
| Alta Equipment Group Inc. ALTG | 4.4M | $28.3 million | 13.97% | no change |
| Grocery Outlet Holding Corp. GO | 2.5M | $24.5 million | 12.09% | +83.0K |
| Beazer Homes USA Inc. BZH | 841.2K | $23.6 million | 11.65% | +3.2K |
| Enviri Corp. NVRI | 695.3K | $15.3 million | 7.54% | -1.4M |
| Noodles & CO NDLS | 870.7K | $13.0 million | 6.43% | no change |
| Bowman Consulting Group Ltd BWMN | 333.9K | $9.7 million | 4.81% | +123.5K |
| Lifetime Brands Inc. LCUT | 1.0M | $8.6 million | 4.23% | -61.2K |
| Bluelinx Hldgs Inc. BXC | 135.0K | $8.4 million | 4.12% | no change |
| Quinstreet, Inc. QNST | 518.9K | $7.6 million | 3.75% | no change |
| Matthews International Corp. MATW | 204.6K | $5.5 million | 2.72% | +31.9K |
| Concrete Pumping Hldgs Inc. BBCP | 430.8K | $5.2 million | 2.56% | no change |
| Arhaus Inc. ARHS | 526.9K | $4.4 million | 2.19% | +123.0K |
| Forward Air Corp. FWRD | 292.2K | $3.9 million | 1.95% | +65.5K |
| Civeo Corp. Cda CVEO | 93.1K | $3.3 million | 1.61% | -8.6K |
| Kimbell Rty Partners LP KRP | 215.5K | $3.1 million | 1.55% | -5.8K |
| Century Casinos Inc. CNTY | 1.1M | $1.4 million | 0.69% | no change |
| Culp Inc. CULP | 324.7K | $1.0 million | 0.50% | no change |
| Reservoir Media Inc. RSVR | 89.9K | $888,696 | 0.44% | -470.8K |
| Papa John's International, Inc. PZZA | 16.4K | $603,028 | 0.30% | -15.5K |
| Blue Bird Corp. BLBD | 5.8K | $457,968 | 0.23% | no change |
| Powerfleet Inc. AIOT | 15.1K | $57,833 | 0.03% | no change |