Institutional
Mill Road Capital Management LLC
CIK 0001512275
$190.8M
Reported AUM
24
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Mill Road Capital Management LLC · Q1 2026
AI · grounded in 13F
Mill Road Capital Management LLC exited its position in Natural Gas Svcs Group Inc NGS, selling $3.67M worth of shares. The fund established new positions in Bowman Consulting Group Ltd BWMN for $5.98M and Arhaus Inc for $2.74M. Additionally, the manager increased its stake in Grocery Outlet Hldg GO by 139.12%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NVRI | ENVIRI CORP | $20.34 | 5.40% | 135.37% | -4.08% | $41.0M | 21.50% | — | HELD |
| 2 | MG | MISTRAS GROUP INC | $17.61 | -4.71% | 129.60% | 67.71% | $27.6M | 14.49% | +197,899 | +11.8% |
| 3 | ALTG | ALTA EQUIPMENT GROUP INC | $6.42 | -7.49% | 7.90% | -45.14% | $23.5M | 12.31% | +80,000 | +1.9% |
| 4 | GO | GROCERY OUTLET HLDG | $8.56 | 1.18% | -34.63% | -73.10% | $16.7M | 8.76% | +1,379,404 | +139.1% |
| 5 | BZH | BEAZER HOMES USA INC | $25.96 | 0.23% | 21.54% | 42.17% | $16.1M | 8.45% | +3,561 | +0.4% |
| 6 | NDLSUSD | NOODLES & CO | — | — | — | — | $7.4M | 3.90% | −6,094,631 | −87.5% |
| 7 | BXC | BLUELINX HLDGS INC | $50.30 | -2.61% | -25.34% | 17.09% | $7.3M | 3.83% | — | HELD |
| 8 | QNST | QUINSTREET INC | $11.95 | 0.76% | -25.59% | -34.84% | $6.2M | 3.27% | — | HELD |
| 9 | LCUT | LIFETIME BRANDS INC | $9.15 | 2.69% | 170.82% | -32.45% | $6.1M | 3.21% | — | HELD |
| 10 | BWMN | BOWMAN CONSULTING GROUP LTD | $32.44 | -0.86% | 20.15% | 153.44% | $6.0M | 3.13% | +210,333 | NEW |
| 11 | RSVR | RESERVOIR MEDIA INC | $10.32 | 0.88% | 41.37% | 14.67% | $5.5M | 2.88% | −464,774 | −45.3% |
| 12 | MATW | MATTHEWS INTL CORP | $25.35 | -0.63% | 19.29% | -13.95% | $4.5M | 2.34% | +41,100 | +31.2% |
| 13 | FWRD | FORWARD AIR CORP | $11.13 | 7.43% | -44.57% | -87.98% | $3.8M | 1.99% | +59,100 | +35.3% |
| 14 | PLAB | PHOTRONICS | $29.15 | -7.52% | 60.96% | 118.03% | $3.2M | 1.70% | — | HELD |
| 15 | KRP | KIMBELL RTY PARTNERS LP | $15.50 | 1.57% | 26.11% | 130.11% | $3.2M | 1.68% | −316,900 | −58.9% |
| 16 | BBCP | CONCRETE PUMPING HLDGS INC | $10.43 | 30.70% | 71.83% | 35.31% | $3.1M | 1.61% | — | HELD |
| 17 | ARHS | ARHAUS INC | $6.33 | -4.67% | -24.18% | -48.12% | $2.7M | 1.44% | +403,900 | NEW |
| 18 | CVEO | CIVEO CORP | $34.89 | 0.81% | 51.53% | 71.44% | $2.7M | 1.41% | +10,062 | +11.0% |
| 19 | CNTY | CENTURY CASINOS INC | $1.40 | -3.45% | -29.65% | -87.51% | $1.5M | 0.80% | — | HELD |
| 20 | PZZA | PAPA JOHNS INTL INC | $31.65 | -0.85% | -32.92% | -67.46% | $1.0M | 0.54% | +31,900 | NEW |
| 21 | CULP | CULP INC | $3.16 | -0.94% | -18.58% | -77.70% | $890K | 0.47% | — | HELD |
| 22 | BLBD | BLUE BIRD CORP | $69.68 | -3.15% | 71.79% | 178.72% | $329K | 0.17% | — | HELD |
| 23 | NOTV 3.25 10/15/27 | INOTIV INC | — | — | — | — | $235K | 0.12% | — | HELD |
| 24 | AIOT | POWERFLEET INC | $3.91 | 1.95% | -18.30% | -43.61% | $47K | 0.02% | +100 | +0.7% |
| 25 | NGS | NATURAL GAS SVCS GROUP INC | $39.87 | -3.60% | 60.53% | 304.38% | — | — | −109,000 | EXITED |
| 26 | 5TC | TRUECAR INC | — | — | — | — | — | — | −886,075 | EXITED |
Source: SEC EDGAR · accession 0001193125-26-225515. 13F discloses long positions only — shorts, foreign equities, and options are excluded.