Mill Road Capital Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Mill Road Capital Management LLC disclosed 23 US equity positions worth $168.3m in its Q4 2025 13F filing. The largest position was NVRI at 22.3% of the reported book, followed by MG and ALTG. Against the Q3 2025 filing, it opened 1 new position, added to 7 and reduced 4 among the top 23 holdings.
What did Mill Road Capital Management LLC own in Q4 2025? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVRI ENVIRI CORP | Industrials | 22.3% | $37.5m | 2,090,743 | 0% | held |
| 2 | MG MISTRAS GROUP INC | 12.6% | $21.2m | 1,672,681 | 0% | held | |
| 3 | ALTG ALTA EQUIPMENT GROUP INC | 11.7% | $19.7m | 4,293,208 | 0% | held | |
| 4 | BZH BEAZER HOMES USA INC | Consumer Cyclical | 10.0% | $16.9m | 834,474 | 2% | added |
| 5 | GO GROCERY OUTLET HLDG | Consumer Defensive | 5.9% | $10.0m | 991,493 | 2741% | added |
| 6 | BXC BLUELINX HLDGS INC | Industrials | 4.9% | $8.3m | 134,964 | 6% | added |
| 7 | RSVR RESERVOIR MEDIA INC | 4.6% | $7.8m | 1,025,432 | 213% | added | |
| 8 | QNST QUINSTREET INC | Communication Services | 4.4% | $7.5m | 518,879 | 42% | added |
| 9 | KRP KIMBELL RTY PARTNERS LP | 3.8% | $6.3m | 538,195 | -12% | reduced | |
| 10 | NDLS NOODLES & CO | 2.9% | $4.9m | 6,965,291 | 0% | held | |
| 11 | LCUT LIFETIME BRANDS INC | 2.5% | $4.2m | 1,065,810 | 0% | held | |
| 12 | FWRD FORWARD AIR CORP | 2.5% | $4.2m | 167,650 | 31% | added | |
| 13 | NGS NATURAL GAS SVCS GROUP INC | Energy | 2.2% | $3.7m | 109,000 | -73% | reduced |
| 14 | MATW MATTHEWS INTL CORP | Industrials | 2.0% | $3.4m | 131,615 | – | new |
| 15 | BBCP CONCRETE PUMPING HLDGS INC | Industrials | 1.7% | $2.9m | 430,805 | 0% | held |
| 16 | PLAB PHOTRONICS | Technology | 1.5% | $2.6m | 80,200 | -75% | reduced |
| 17 | CVEO CIVEO CORP | 1.2% | $2.1m | 91,676 | 555% | added | |
| 18 | 5TC TRUECAR INC | 1.2% | $2.0m | 886,075 | -49% | reduced | |
| 19 | CNTY CENTURY CASINOS INC | 0.9% | $1.5m | 1,095,900 | 0% | held | |
| 20 | CULP CULP INC | 0.7% | $1.2m | 324,669 | 0% | held | |
| 21 | BLBD BLUE BIRD CORP | Industrials | 0.2% | $272.6k | 5,800 | 0% | held |
| 22 | INOTIV INC | 0.1% | $232.2k | 1,000,000 | 0% | held | |
| 23 | AIOT POWERFLEET INC | Technology | 0.0% | $79.8k | 15,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.