Mill Road Capital Management
Greenwich, CTfiles as Mill Road Capital Management LLC
$203m in 22 US stocks at the end of 30 June 2026. The top 10 are 85.2% of the money. It changed about 18.7% of the portfolio this quarter.
Value
$203m
Stocks
22
Top 10 share
85.2%
Turnover
18.7%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Mistras GroupMG16.6% of the fund+3%
- Grocery Outlet HoldingGO12.1% of the fund+4%
- Bowman Consulting GroupBWMN4.8% of the fund+59%
- Matthews InternationalMATW2.7% of the fund+18%
- ArhausARHS2.2% of the fund+30%
- Forward AirFWRD1.9% of the fund+29%
Cut
Sold some of their stake.
- EnviriNVRI7.5% of the fund-67%
- Lifetime BrandsLCUT4.2% of the fund-6%
- CiveoCVEO1.6% of the fund-8%
- Kimbell RTY Partners LPKRP1.5% of the fund-3%
- Reservoir MediaRSVR0.4% of the fund-84%
- Papa Johns InternationalPZZA0.3% of the fund-49%
Sold out
Sold their entire stake.
- PhotronicsPLAB-100%
Holdings
- EnviriNVRI
- Share
- 7.5%
- Value
- $15m
- Shares
- 695,264
-67%
- Kimbell RTY Partners LPKRP
- Share
- 1.5%
- Value
- $3m
- Shares
- 215,495
-3%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Mistras GroupMG | 16.6% | $34m | 1,929,509 | +3% |
| Alta Equipment GroupALTG | 14.0% | $28m | 4,373,208 | Held |
| Grocery Outlet HoldingGO | 12.1% | $24m | 2,453,897 | +4% |
| Beazer Homes USABZH | 11.7% | $24m | 841,235 | Held |
| EnviriNVRI | 7.5% | $15m | 695,264 | -67% |
| NoodlesNDLS | 6.4% | $13m | 870,660 | Held |
| Bowman Consulting GroupBWMN | 4.8% | $10m | 333,872 | +59% |
| Lifetime BrandsLCUT | 4.2% | $9m | 1,004,646 | -6% |
| BlueLinx HoldingsBXC | 4.1% | $8m | 134,964 | Held |
| QuinstreetQNST | 3.8% | $8m | 518,879 | Held |
| Matthews InternationalMATW | 2.7% | $6m | 204,615 | +18% |
| Concrete Pumping HoldingsBBCP | 2.6% | $5m | 430,805 | Held |
| ArhausARHS | 2.2% | $4m | 526,900 | +30% |
| Forward AirFWRD | 1.9% | $4m | 292,250 | +29% |
| CiveoCVEO | 1.6% | $3m | 93,138 | -8% |
| Kimbell RTY Partners LPKRP | 1.5% | $3m | 215,495 | -3% |
| Century CasinosCNTY | 0.7% | $1m | 1,095,900 | Held |
| CulpCULP | 0.5% | $1m | 324,669 | Held |
| Reservoir MediaRSVR | 0.4% | $888,696 | 89,858 | -84% |
| Papa Johns InternationalPZZA | 0.3% | $603,028 | 16,400 | -49% |
| Blue BirdBLBD | 0.2% | $457,968 | 5,800 | Held |
| PowerfleetAIOT | <0.1% | $57,833 | 15,100 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 29.9% since 30 June 2025.
Where the money is
Industrials48.3%
Retail & consumer24.0%
Everyday goods12.1%
Utilities7.5%
Technology3.8%
Materials2.7%
Other1.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.