Mill Road Capital Management LLC

Greenwich, CT · CIK 1512275 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$753.8m
Staff12 · 6 in investment roles
Main clients (by assets)Private funds 100%
Private funds5 (3 hedge) · $753.8m gross assets
Websitemillroadcapital.com
Form ADV · 2026-03-31SEC adviser record

Legal entityMILL ROAD CAPITAL MANAGEMENT LLC (US)

Kindhedge funds
Others nearbyGreenwich, CT

As an employer

Offices in1 country
Private fundshedge 3, other private 2

$202.5m reported value +6.1% vs Q1 2026

22positions

85.2%in top 10

0 new 7 added 6 reduced 2 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Mill Road Capital III GP LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MISTRAS GROUP INC COM MG	MG	1,929,509	$33.7m16.64%	16.64%	Added +58.9k	+58,929 3.1%
2	ALTA EQUIPMENT GROUP INC COMMON STOCK ALTG	ALTG	4,373,208	$28.3m13.97%	13.97%	Unchanged
3	GROCERY OUTLET HLDG CORP COM GO	GO	2,453,897	$24.5m12.09%	12.09%	Added +83.0k	+83,000 3.5%
4	BEAZER HOMES USA INC COM NEW BZH	BZH	841,235	$23.6m11.65%	11.65%	Added +3.2k	+3,200 0.4%
5	ENVIRI CORP COM COM		695,264	$15.3m7.54%	7.54%	Reduced -1.4m	-1,395,479 -66.8%
6	NOODLES & CO COM CL A COM CL A		870,660	$13.0m6.43%	6.43%	Unchanged
7	BOWMAN CONSULTING GROUP LTD COM BWMN	BWMN	333,872	$9.7m4.81%	4.81%	Added +123.5k	+123,539 58.7%
8	LIFETIME BRANDS INC COM LCUT	LCUT	1,004,646	$8.6m4.23%	4.23%	Reduced -61.2k	-61,164 -5.7%
9	BLUELINX HLDGS INC COM NEW BXC	BXC	134,964	$8.4m4.12%	4.12%	Unchanged
10	QUINSTREET INC COM QNST	QNST	518,879	$7.6m3.75%	3.75%	Unchanged
11	MATTHEWS INTL CORP CL A MATW	MATW	204,615	$5.5m2.72%	2.72%	Added +31.9k	+31,900 18.5%
12	CONCRETE PUMPING HLDGS INC COM BBCP	BBCP	430,805	$5.2m2.56%	2.56%	Unchanged
13	ARHAUS INC COM CL A ARHS	ARHS	526,900	$4.4m2.19%	2.19%	Added +123.0k	+123,000 30.4%
14	FORWARD AIR CORP COM FWRD	FWRD	292,250	$3.9m1.95%	1.95%	Added +65.5k	+65,500 28.9%
15	CIVEO CORP CDA COM NEW CVEO	CVEO	93,138	$3.3m1.61%	1.61%	Reduced -8.6k	-8,600 -8.4%
16	KIMBELL RTY PARTNERS LP UNIT KRP	KRP	215,495	$3.1m1.55%	1.55%	Reduced -5.8k	-5,800 -2.6%
17	CENTURY CASINOS INC COM CNTY	CNTY	1,095,900	$1.4m0.69%	0.69%	Unchanged
18	CULP INC COM CULP	CULP	324,669	$1.0m0.50%	0.50%	Unchanged
19	RESERVOIR MEDIA INC COM RSVR	RSVR	89,858	$888.7k0.44%	0.44%	Reduced -470.8k	-470,800 -84.0%
20	PAPA JOHNS INTL INC COM PZZA	PZZA	16,400	$603.0k0.30%	0.30%	Reduced -15.5k	-15,500 -48.6%
21	BLUE BIRD CORP COM BLBD	BLBD	5,800	$458.0k0.23%	0.23%	Unchanged
22	POWERFLEET INC COM AIOT	AIOT	15,100	$57.8k0.03%	0.03%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PHOTRONICS INC PLAB	PLAB	80,200	$3.2m80.2k shares
INOTIV INC NOTV 3.25 10.15.27	NOTV 3.25 10.15.27	1,000,000	$234.6k1.0m shares