Arkolith/Funds/Mill Road Capital Management LLC

Mill Road Capital Management LLC

CIK 1512275
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Mill Road Capital Management LLC holds a concentrated book of 24 stocks worth $190.8M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Bowman Consulting Group Ltd and trimmed Noodles & Co. Their largest long position is Enviri Corp at 21% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
3
new positions
Added to
8
existing
Trimmed
3
reduced
Sold out
2
exited

Concentration

Top-heavy: concentrated book

Top 5 holdings
66%
Top 10 holdings
83%
Top 20 holdings
99%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

96% mapped to company sectors

Industrials
52%
Utilities
21%
Consumer Staples
9%
Consumer Discretionary
8%
ETF / fund or unclassified
4%
Materials
2%
Information Technology
2%
Energy
2%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

24 positions
#SecurityValueShares% PortLast moveHistory
1Enviri Corp
COM
$41.0M2.09M
21.5%
Held
2Mistras Group Inc
COM
$27.6M1.87M
14.5%
+12%
Added · +198K sh
3Alta Equipment Group Inc
COMMON STOCK
$23.5M4.37M
12.3%
+1.9%
Added · +80K sh
4Grocery Outlet Hldg
COM
$16.7M2.37M
8.8%
+139%
Added · +1.4M sh
5Beazer Homes USA Inc
COM NEW
$16.1M838.0K
8.4%
+0.4%
Added · +4K sh
6Noodles & Co
COM CL A
$7.4M870.7K
3.9%
−88%
Reduced · −6.1M sh
7Bluelinx Hldgs Inc
COM NEW
$7.3M135.0K
3.8%
Held
8Quinstreet Inc
COM
$6.2M518.9K
3.3%
Held
9Lifetime Brands Inc
COM
$6.1M1.07M
3.2%
Held
10Bowman Consulting Group Ltd
COM
$6.0M210.3K
3.1%
New
New position
11Reservoir Media Inc
COM
$5.5M560.7K
2.9%
−45%
Reduced · −465K sh
12Matthews Intl Corp
COM CL A
$4.5M172.7K
2.3%
+31%
Added · +41K sh
13Forward Air Corp
COM
$3.8M226.8K
2.0%
+35%
Added · +59K sh
14Photronics
COM
$3.2M80.2K
1.7%
Held
15Kimbell Rty Partners LP
UNIT
$3.2M221.3K
1.7%
−59%
Reduced · −317K sh
16Concrete Pumping Hldgs Inc
COM
$3.1M430.8K
1.6%
Held
17Arhaus Inc
COM CL A
$2.7M403.9K
1.4%
New
New position
18Civeo Corp
COM NEW
$2.7M101.7K
1.4%
+11%
Added · +10K sh
19Century Casinos Inc
COM
$1.5M1.10M
0.8%
Held
20Papa Johns Intl Inc
COM
$1.0M31.9K
0.5%
New
New position
21Culp Inc
COM
$890K324.7K
0.5%
Held
22Blue Bird Corp
COM
$329K5.8K
0.2%
Held
23Inotiv Inc
NOTE 3.250%10/1
$235K1.00M
0.1%
Held
24Powerfleet Inc
COM
$47K15.1K
0.0%
+0.7%
Added · +100 sh
Showing all 24 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202625$190.8M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202624$168.3M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202526$192.0M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202525$156.2M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.