Q3 2025 · 13F-HR
Mill Road Capital Management LLCholdings as filed
Filed 2025-11-14 · accession 0001193125-25-281910
$192.0M
Reported value
25
Positions
2025-09-30
Period end
The Brief · Mill Road Capital Management LLC · Q3 2025
AI · grounded in 13F
Mill Road Capital Management LLC established a new position in Forward Air Corp FWRD valued at $3.27M. The fund closed its entire position in Bowman Consulting Group Ltd BWMN, resulting in a $2.53M reduction. Other notable activity includes increasing share counts in Reservoir Media Inc RSVR by 1318.87% and Grocery Outlet Hldg Corp GO by 249%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02128L106 | ALTG | ALTA EQUIPMENT GROUP INC | $31.1M | 16.2% | 4,293,208 | Common | NONE |
| 415864107 | NVRI | ENVIRI CORP | $26.5M | 13.8% | 2,090,743 | Common | NONE |
| 71377E105 | PFMTUSD | PERFORMANT HEALTHCARE INC | $25.2M | 13.1% | 3,261,675 | Common | NONE |
| 07556Q881 | BZH | BEAZER HOMES USA INC | $20.0M | 10.4% | 814,474 | Common | NONE |
| 60649T107 | MG | MISTRAS GROUP INC | $16.5M | 8.57% | 1,672,381 | Common | NONE |
| 63886Q109 | NGS | NATURAL GAS SVCS GROUP INC | $11.3M | 5.90% | 404,745 | Common | NONE |
| 09624H208 | BXC | BLUELINX HLDGS INC | $9.3M | 4.87% | 127,864 | Common | NONE |
| 49435R102 | KRP | KIMBELL RTY PARTNERS LP | $8.2M | 4.27% | 608,195 | Common | NONE |
| 719405102 | PLAB | PHOTRONICS INC | $7.5M | 3.88% | 324,620 | Common | NONE |
| 74874Q100 | QNST | QUINSTREET INC | $5.7M | 2.95% | 366,679 | Common | NONE |
| 65540B105 | NDLSUSD | NOODLES & CO | $4.4M | 2.31% | 6,965,291 | Common | NONE |
| 53222Q103 | LCUT | LIFETIME BRANDS INC | $4.1M | 2.15% | 1,065,810 | Common | NONE |
| 98888T107 | ZIMV | ZIMVIE INC | $3.5M | 1.85% | 187,430 | Common | NONE |
| 34986A104 | FWRD | FORWARD AIR CORP | $3.3M | 1.70% | 127,650 | Common | NONE |
| 89785L107 | 5TC | TRUECAR INC | $3.2M | 1.65% | 1,723,800 | Common | NONE |
| 206704108 | BBCP | CONCRETE PUMPING HLDGS INC | $3.0M | 1.57% | 429,005 | Common | NONE |
| 156492100 | CNTY | CENTURY CASINOS INC | $2.9M | 1.49% | 1,095,900 | Common | NONE |
| 76119X105 | RSVR | RESERVOIR MEDIA INC | $2.7M | 1.39% | 327,746 | Common | NONE |
| 230215105 | CULP | CULP INC | $1.4M | 0.75% | 324,669 | Common | NONE |
| B9151N105 | TTAM | TITAN AMER SA | $703,674 | 0.37% | 47,100 | Common | NONE |
| 39874R101 | GO | GROCERY OUTLET HLDG CORP | $560,145 | 0.29% | 34,900 | Common | NONE |
| 095306106 | BLBD | BLUE BIRD CORP | $333,790 | 0.17% | 5,800 | Common | NONE |
| 17878Y207 | CVEO | CIVEO CORP | $322,000 | 0.17% | 14,000 | Common | NONE |
| 45783QAB6 | NOTV 3.25 10/15/27 | INOTIV INC | $221,807 | 0.12% | 1,000,000 | Common | NONE |
| 73931J109 | AIOT | POWERFLEET INC | $78,600 | 0.04% | 15,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.