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Mill Road Capital Management LLC

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13F filer, CIK 1512275, Greenwich, CT

Mill Road Capital Management LLC reported $176,277,913 across 24 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 76.01% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000950123-25-005536

Period
2025-03-31
Reported value
$176M
Holdings
24
Top 10 weight
76.01%
New
3
Sold out
4

Part of the filer group Mill Road Capital Management LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LANDSEA HOMES CORPadded+800,706$5.14M
PLABnew+223,400$4.64M
BZHadded+150,400$3.07M
BWMNnew+91,107$1.99M
NVRIadded+221,018$1.47M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NGSreduced-388,054-$8.53M
BBCPreduced-641,400-$3.5M
ATROexited-94,971-$1.52M
QNSTreduced-59,804-$1.07M
MGreduced-56,801-$601K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0000950123-25-005536, largest first. % of portfolio is the value over $176,277,913, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ALTGALTA EQUIPMENT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,213,208 shares; 2024Q4: 4,269,508 shares; 2025Q1: 4,293,208 shares 4,293,208$20.1M11.42%+23,700Timeline
MGMISTRAS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,599,145 shares; 2024Q4: 1,724,482 shares; 2025Q1: 1,667,681 shares 1,667,681$17.6M10.01%-56,801Timeline
LANDSEA HOMES CORPLANDSEA HOMES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 912,857 shares; 2024Q4: 1,818,281 shares; 2025Q1: 2,618,987 shares 2,618,987$16.8M9.54%+800,706
BZHBEAZER HOMES USA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 368,069 shares; 2024Q4: 666,058 shares; 2025Q1: 816,458 shares 816,458$16.6M9.44%+150,400Timeline
NVRIENVIRI CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 983,272 shares; 2024Q4: 1,795,131 shares; 2025Q1: 2,016,149 shares 2,016,149$13.4M7.61%+221,018Timeline
KRPKIMBELL RTY PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,246,477 shares; 2024Q4: 912,298 shares; 2025Q1: 902,198 shares 902,198$12.6M7.17%-10,100Timeline
PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,261,675 shares; 2024Q4: 3,261,675 shares; 2025Q1: 3,261,675 shares 3,261,675$9.65M5.48%0
SUPERIOR INDS INTL INCSUPERIOR INDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,380,940 shares; 2024Q4: 4,380,940 shares; 2025Q1: 4,380,940 shares 4,380,940$9.33M5.29%0
NGSNATURAL GAS SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 921,508 shares; 2024Q4: 792,799 shares; 2025Q1: 404,745 shares 404,745$8.89M5.04%-388,054Timeline
BXCBLUELINX HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,297 shares; 2024Q4: 117,864 shares; 2025Q1: 117,864 shares 117,864$8.84M5.01%0Timeline
NOODLES & CONOODLES & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,965,291 shares; 2024Q4: 6,965,291 shares; 2025Q1: 6,965,291 shares 6,965,291$7.59M4.31%0
QNSTQUINSTREET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 499,505 shares; 2024Q4: 363,400 shares; 2025Q1: 303,596 shares 303,596$5.42M3.07%-59,804Timeline
LCUTLIFETIME BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,065,810 shares; 2024Q4: 1,065,810 shares; 2025Q1: 1,065,810 shares 1,065,810$5.25M2.98%0Timeline
PLABPHOTRONICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 223,400 shares 223,400$4.64M2.63%newTimeline
ACELACCEL ENTERTAINMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 300,482 shares; 2024Q4: 285,485 shares; 2025Q1: 285,485 shares 285,485$2.83M1.61%0Timeline
TRUETRUECAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,723,800 shares; 2024Q4: 1,723,800 shares; 2025Q1: 1,723,800 shares 1,723,800$2.72M1.55%0Timeline
FORWARD AIR CORPFORWARD AIR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 127,650 shares; 2025Q1: 127,650 shares 127,650$2.56M1.45%0
BBCPCONCRETE PUMPING HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,070,405 shares; 2024Q4: 1,070,405 shares; 2025Q1: 429,005 shares 429,005$2.34M1.33%-641,400Timeline
ZIMVIE INCZIMVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,453 shares; 2025Q1: 187,430 shares 187,430$2.02M1.15%+86,977
BWMNBOWMAN CONSULTING GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 91,107 shares 91,107$1.99M1.13%newTimeline
CNTYCENTURY CASINOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,095,900 shares; 2024Q4: 1,095,900 shares; 2025Q1: 1,095,900 shares 1,095,900$1.85M1.05%0Timeline
CULPCULP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 324,669 shares; 2024Q4: 324,669 shares; 2025Q1: 324,669 shares 324,669$1.62M0.92%0Timeline
ALNTALLIENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,000 shares; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares 50,000$1.1M0.62%0Timeline
INOTIV INCINOTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,000,000 shares 1,000,000$333K0.19%new

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ATROASTRONICS CORP94,971$1.52Mshares
ARHSARHAUS INC48,200$453Kshares
MRC GLOBAL INCMRC GLOBAL INC34,300$438Kshares
INOTIV INCINOTIV INC1,000,000$353Kprincipal

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000950123-25-005536 base2025-05-15acceptance time not in the bulk data set