Q2 2026 13F · SEC CIK 1512275
Mill Road Capital Management LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $202.5M
- Reported positions
- 22
- Top holdings a year, 3 yrs
- +2.4%
- Assets under management
- $753.8M
Mill Road Capital Management LLC is a hedge fund that reported 22 positions worth $202.5M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Mistras Group Inc (MG, 16.6%), Alta Equipment Group Inc (ALTG, 14.0%), Grocery Outlet Hldg Corp (GO, 12.1%). A portfolio copying its top holdings returned 2.4% a year over the last 3 years, against 19.8% for the S&P 500.
Mill Road Capital Management LLC holdings all 22 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| MGMistras Group Inc | 16.6% | +3.2% | $33.7M |
| ALTGAlta Equipment Group Inc | 14.0% | +0.0% | $28.3M |
| GOGrocery Outlet Hldg Corp | 12.1% | +3.5% | $24.5M |
| BZHBeazer Homes USA Inc | 11.7% | +0.4% | $23.6M |
| HSCEnviri Corp | 7.5% | -66.7% | $15.3M |
| NDLSNoodles & Co | 6.4% | +0.0% | $13.0M |
| BWMNBowman Consulting Group Ltd | 4.8% | +58.7% | $9.7M |
| LCUTLifetime Brands Inc | 4.2% | -5.7% | $8.6M |
| BXCBluelinx Hldgs Inc | 4.1% | +0.0% | $8.4M |
| QNSTQuinstreet Inc | 3.8% | +0.0% | $7.6M |
| MATWMatthews International Corp | 2.7% | +18.5% | $5.5M |
| BBCPConcrete Pumping Holdings Inc | 2.6% | +0.0% | $5.2M |
| ARHSArhaus Inc | 2.2% | +30.5% | $4.4M |
| FWRDForward Air Corp | 1.9% | +28.9% | $3.9M |
| CVEOCiveo Corp Cda | 1.6% | -8.5% | $3.3M |
| KRPKimbell Royalty Partners LP | 1.5% | -2.6% | $3.1M |
| CNTYCentury Casinos Inc | 0.7% | +0.0% | $1.4M |
| CULPCulp Inc | 0.5% | +0.0% | $1.0M |
| RSVRReservoir Media Inc | 0.4% | -84.0% | $889K |
| PZZAPapa Johns Intl Inc | 0.3% | -48.6% | $603K |
| BLBDBlue Bird Corp | 0.2% | +0.0% | $458K |
| PWFLPowerfleet Inc | 0.0% | +0.0% | $58K |
What Mill Road Capital Management LLC bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
- BWMN Bowman Consulting Group Ltd+58.7% shares
- ARHS Arhaus Inc+30.5% shares
- FWRD Forward Air Corp+28.9% shares
- MATW Matthews International Corp+18.5% shares
Reduced
- RSVR Reservoir Media Inc-84.0% shares
- HSC Enviri Corp-66.7% shares
- PZZA Papa Johns Intl Inc-48.6% shares
- CVEO Civeo Corp Cda-8.5% shares
- LCUT Lifetime Brands Inc-5.7% shares
Sold out
- PLAB Photronics Incwas 1.7%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- —
- 3 years
- +2.4% /yr
- S&P 500 +19.8%
- 5 years
- -11.8% /yr
- S&P 500 +10.3%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $202.5M | 22 |
| Q1 2026 | $190.6M | 23 |
| Q4 2025 | $168.1M | 22 |
| Q3 2025 | $191.8M | 24 |
| Q2 2025 | $155.9M | 23 |
| Q1 2025 | $176.3M | 24 |
| Q4 2024 | $207.9M | 24 |
| Q3 2024 | $210.0M | 23 |
| Q2 2024 | $187.2M | 20 |
| Q1 2024 | $229.5M | 22 |
| Q4 2023 | $218.5M | 22 |
| Q3 2023 | $189.6M | 25 |
Questions about Mill Road Capital Management LLC's portfolio
What stocks does Mill Road Capital Management LLC own?
Mill Road Capital Management LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 22 positions worth $202.5M. The largest are Mistras Group Inc (MG) at 16.6%, Alta Equipment Group Inc (ALTG) at 14.0%, Grocery Outlet Hldg Corp (GO) at 12.1%, Beazer Homes USA Inc (BZH) at 11.7% and Enviri Corp (HSC) at 7.5%.
What did Mill Road Capital Management LLC buy last quarter?
In Q2 2026, Mill Road Capital Management LLC added Bowman Consulting Group Ltd (BWMN) (+58.7% shares), Arhaus Inc (ARHS) (+30.5% shares) and Forward Air Corp (FWRD) (+28.9% shares), compared with its Q1 2026 filing.
What did Mill Road Capital Management LLC sell last quarter?
In Q2 2026, Mill Road Capital Management LLC sold all of Photronics Inc (PLAB), Reservoir Media Inc (RSVR) (-84.0% shares), Enviri Corp (HSC) (-66.7% shares) and Papa Johns Intl Inc (PZZA) (-48.6% shares), compared with its Q1 2026 filing.
How has Mill Road Capital Management LLC's portfolio performed?
A portfolio copying Mill Road Capital Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +2.4% a year over the last 3 years, against +19.8% for the S&P 500. Over 5 years: -11.8% a year against +10.3%.
When is Mill Road Capital Management LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Mill Road Capital Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Mill Road Capital Management LLC manage?
Mill Road Capital Management LLC reported $753.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $202.5M.