Filed: 11/14/2025ACC: 0001193125-25-281910
📋 What this filing means
MILL ROAD CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 25 equity positions with a total reported market value of $192.05M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
25
Positions
$192.05M
Total AUM (reported)
27.33M
Total Shares
Allocation by class
COM$117.74M61.3%
COMMON STOCK$31.08M16.2%
COM NEW$29.66M15.4%
UNIT$8.20M4.3%
COM CL A$4.43M2.3%
COMMON SHARES$703.7K0.4%
NOTE 3.250%10/1$221.8K0.1%
Portfolio Concentration
Top 3$82.83M43.1%
4–10$78.45M40.9%
11–25$30.77M16.0%
Top 3 weight
43.1%
Top 10 weight
84.0%
Voting Authority Distribution
Total shares with voting rights: 27.33M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
27.33M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole0
Shared0
Other25
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings25
Rows:
ALTA EQUIPMENT GROUP INC
OTRShares4.29M
TypeSH
Market value$31.08M
16.19%
Sole
0.00
Shared
0.00
None
4.29M
ENVIRI CORP
OTRShares2.09M
TypeSH
Market value$26.53M
13.82%
Sole
0.00
Shared
0.00
None
2.09M
PERFORMANT HEALTHCARE INC
OTRShares3.26M
TypeSH
Market value$25.21M
13.13%
Sole
0.00
Shared
0.00
None
3.26M
BEAZER HOMES USA INC
OTRShares814.47K
TypeSH
Market value$20.00M
10.41%
Sole
0.00
Shared
0.00
None
814.47K
MISTRAS GROUP INC
OTRShares1.67M
TypeSH
Market value$16.46M
8.57%
Sole
0.00
Shared
0.00
None
1.67M
NATURAL GAS SVCS GROUP INC
OTRShares404.75K
TypeSH
Market value$11.33M
5.90%
Sole
0.00
Shared
0.00
None
404.75K
BLUELINX HLDGS INC
OTRShares127.86K
TypeSH
Market value$9.34M
4.87%
Sole
0.00
Shared
0.00
None
127.86K
KIMBELL RTY PARTNERS LP
OTRShares608.20K
TypeSH
Market value$8.20M
4.27%
Sole
0.00
Shared
0.00
None
608.20K
PHOTRONICS INC
OTRShares324.62K
TypeSH
Market value$7.45M
3.88%
Sole
0.00
Shared
0.00
None
324.62K
QUINSTREET INC
OTRShares366.68K
TypeSH
Market value$5.67M
2.95%
Sole
0.00
Shared
0.00
None
366.68K
NOODLES & CO
OTRShares6.97M
TypeSH
Market value$4.43M
2.31%
Sole
0.00
Shared
0.00
None
6.97M
LIFETIME BRANDS INC
OTRShares1.07M
TypeSH
Market value$4.12M
2.15%
Sole
0.00
Shared
0.00
None
1.07M
ZIMVIE INC
OTRShares187.43K
TypeSH
Market value$3.55M
1.85%
Sole
0.00
Shared
0.00
None
187.43K
FORWARD AIR CORP
OTRShares127.65K
TypeSH
Market value$3.27M
1.70%
Sole
0.00
Shared
0.00
None
127.65K
TRUECAR INC
OTRShares1.72M
TypeSH
Market value$3.17M
1.65%
Sole
0.00
Shared
0.00
None
1.72M
CONCRETE PUMPING HLDGS INC
OTRShares429K
TypeSH
Market value$3.02M
1.57%
Sole
0.00
Shared
0.00
None
429K
CENTURY CASINOS INC
OTRShares1.10M
TypeSH
Market value$2.86M
1.49%
Sole
0.00
Shared
0.00
None
1.10M
RESERVOIR MEDIA INC
OTRShares327.75K
TypeSH
Market value$2.67M
1.39%
Sole
0.00
Shared
0.00
None
327.75K
CULP INC
OTRShares324.67K
TypeSH
Market value$1.45M
0.75%
Sole
0.00
Shared
0.00
None
324.67K
TITAN AMER SA
OTRShares47.10K
TypeSH
Market value$703.7K
0.37%
Sole
0.00
Shared
0.00
None
47.10K
GROCERY OUTLET HLDG CORP
OTRShares34.90K
TypeSH
Market value$560.1K
0.29%
Sole
0.00
Shared
0.00
None
34.90K
BLUE BIRD CORP
OTRShares5.80K
TypeSH
Market value$333.8K
0.17%
Sole
0.00
Shared
0.00
None
5.80K
CIVEO CORP
OTRShares14K
TypeSH
Market value$322.0K
0.17%
Sole
0.00
Shared
0.00
None
14K
INOTIV INC
OTRShares1M
TypePRN
Market value$221.8K
0.12%
Sole
0.00
Shared
0.00
None
1M
POWERFLEET INC
OTRShares15K
TypeSH
Market value$78.6K
0.04%
Sole
0.00
Shared
0.00
None
15K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ALTA EQUIPMENT GROUP INCOTR | COMMON STOCK | 4.29M | SH | $31.08M 16.19% | 0.00 | 0.00 | 4.29M |
ENVIRI CORPOTR | COM | 2.09M | SH | $26.53M 13.82% | 0.00 | 0.00 | 2.09M |
PERFORMANT HEALTHCARE INCOTR | COM | 3.26M | SH | $25.21M 13.13% | 0.00 | 0.00 | 3.26M |
BEAZER HOMES USA INCOTR | COM NEW | 814.47K | SH | $20.00M 10.41% | 0.00 | 0.00 | 814.47K |
MISTRAS GROUP INCOTR | COM | 1.67M | SH | $16.46M 8.57% | 0.00 | 0.00 | 1.67M |
NATURAL GAS SVCS GROUP INCOTR | COM | 404.75K | SH | $11.33M 5.90% | 0.00 | 0.00 | 404.75K |
BLUELINX HLDGS INCOTR | COM NEW | 127.86K | SH | $9.34M 4.87% | 0.00 | 0.00 | 127.86K |
KIMBELL RTY PARTNERS LPOTR | UNIT | 608.20K | SH | $8.20M 4.27% | 0.00 | 0.00 | 608.20K |
PHOTRONICS INCOTR | COM | 324.62K | SH | $7.45M 3.88% | 0.00 | 0.00 | 324.62K |
QUINSTREET INCOTR | COM | 366.68K | SH | $5.67M 2.95% | 0.00 | 0.00 | 366.68K |
NOODLES & COOTR | COM CL A | 6.97M | SH | $4.43M 2.31% | 0.00 | 0.00 | 6.97M |
LIFETIME BRANDS INCOTR | COM | 1.07M | SH | $4.12M 2.15% | 0.00 | 0.00 | 1.07M |
ZIMVIE INCOTR | COM | 187.43K | SH | $3.55M 1.85% | 0.00 | 0.00 | 187.43K |
FORWARD AIR CORPOTR | COM | 127.65K | SH | $3.27M 1.70% | 0.00 | 0.00 | 127.65K |
TRUECAR INCOTR | COM | 1.72M | SH | $3.17M 1.65% | 0.00 | 0.00 | 1.72M |
CONCRETE PUMPING HLDGS INCOTR | COM | 429K | SH | $3.02M 1.57% | 0.00 | 0.00 | 429K |
CENTURY CASINOS INCOTR | COM | 1.10M | SH | $2.86M 1.49% | 0.00 | 0.00 | 1.10M |
RESERVOIR MEDIA INCOTR | COM | 327.75K | SH | $2.67M 1.39% | 0.00 | 0.00 | 327.75K |
CULP INCOTR | COM | 324.67K | SH | $1.45M 0.75% | 0.00 | 0.00 | 324.67K |
TITAN AMER SAOTR | COMMON SHARES | 47.10K | SH | $703.7K 0.37% | 0.00 | 0.00 | 47.10K |
GROCERY OUTLET HLDG CORPOTR | COM | 34.90K | SH | $560.1K 0.29% | 0.00 | 0.00 | 34.90K |
BLUE BIRD CORPOTR | COM | 5.80K | SH | $333.8K 0.17% | 0.00 | 0.00 | 5.80K |
CIVEO CORPOTR | COM NEW | 14K | SH | $322.0K 0.17% | 0.00 | 0.00 | 14K |
INOTIV INCOTR | NOTE 3.250%10/1 | 1M | PRN | $221.8K 0.12% | 0.00 | 0.00 | 1M |
POWERFLEET INCOTR | COM | 15K | SH | $78.6K 0.04% | 0.00 | 0.00 | 15K |