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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 $190,822,101 across 24 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 82.84% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001193125-26-225515

Period
2026-03-31
Reported value
$191M
Holdings
24
Top 10 weight
82.84%
New
3
Sold out
2

Part of the filer group Mill Road Capital Management LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GOadded+1,379,404$9.72M
BWMNnew+210,333$5.98M
MGadded+197,899$2.92M
ARHSnew+403,900$2.74M
MATWadded+41,100$1.06M

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
NOODLES & COreduced-6,094,631-$52.1M
KRPreduced-316,900-$4.59M
RSVRreduced-464,774-$4.55M
NGSexited-109,000-$3.67M
TRUEexited-886,075-$2M

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 2026

Share positions as resolved from 13F-HR 0001193125-26-225515, largest first. % of portfolio is the value over $190,822,101, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NVRIENVIRI CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 983,272 shares; 2024Q4: 1,795,131 shares; 2025Q1: 2,016,149 shares; 2025Q2: 2,074,849 shares; 2025Q3: 2,090,743 shares; 2025Q4: 2,090,743 shares; 2026Q1: 2,090,743 shares 2,090,743$41M21.5%0Timeline
MGMISTRAS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,599,145 shares; 2024Q4: 1,724,482 shares; 2025Q1: 1,667,681 shares; 2025Q2: 1,667,681 shares; 2025Q3: 1,672,381 shares; 2025Q4: 1,672,681 shares; 2026Q1: 1,870,580 shares 1,870,580$27.6M14.49%+197,899Timeline
ALTGALTA EQUIPMENT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,213,208 shares; 2024Q4: 4,269,508 shares; 2025Q1: 4,293,208 shares; 2025Q2: 4,293,208 shares; 2025Q3: 4,293,208 shares; 2025Q4: 4,293,208 shares; 2026Q1: 4,373,208 shares 4,373,208$23.5M12.31%+80,000Timeline
GOGROCERY OUTLET HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares; 2025Q3: 34,900 shares; 2025Q4: 991,493 shares; 2026Q1: 2,370,897 shares 2,370,897$16.7M8.76%+1,379,404Timeline
BZHBEAZER HOMES USA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 368,069 shares; 2024Q4: 666,058 shares; 2025Q1: 816,458 shares; 2025Q2: 816,458 shares; 2025Q3: 814,474 shares; 2025Q4: 834,474 shares; 2026Q1: 838,035 shares 838,035$16.1M8.45%+3,561Timeline
NOODLES & CONOODLES & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 6,965,291 shares; 2024Q4: 6,965,291 shares; 2025Q1: 6,965,291 shares; 2025Q2: 6,965,291 shares; 2025Q3: 6,965,291 shares; 2025Q4: 6,965,291 shares; 2026Q1: 870,660 shares 870,660$7.44M3.9%-6,094,631
BXCBLUELINX HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 142,297 shares; 2024Q4: 117,864 shares; 2025Q1: 117,864 shares; 2025Q2: 127,864 shares; 2025Q3: 127,864 shares; 2025Q4: 134,964 shares; 2026Q1: 134,964 shares 134,964$7.31M3.83%0Timeline
QNSTQUINSTREET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 499,505 shares; 2024Q4: 363,400 shares; 2025Q1: 303,596 shares; 2025Q2: 329,996 shares; 2025Q3: 366,679 shares; 2025Q4: 518,879 shares; 2026Q1: 518,879 shares 518,879$6.23M3.27%0Timeline
LCUTLIFETIME BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,065,810 shares; 2024Q4: 1,065,810 shares; 2025Q1: 1,065,810 shares; 2025Q2: 1,065,810 shares; 2025Q3: 1,065,810 shares; 2025Q4: 1,065,810 shares; 2026Q1: 1,065,810 shares 1,065,810$6.12M3.21%0Timeline
BWMNBOWMAN CONSULTING GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 91,107 shares; 2025Q2: 88,007 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 210,333 shares 210,333$5.98M3.13%newTimeline
RSVRRESERVOIR MEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 23,099 shares; 2025Q3: 327,746 shares; 2025Q4: 1,025,432 shares; 2026Q1: 560,658 shares 560,658$5.49M2.88%-464,774Timeline
MATWMATTHEWS INTL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 131,615 shares; 2026Q1: 172,715 shares 172,715$4.46M2.34%+41,100Timeline
FWRDFORWARD AIR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 127,650 shares; 2025Q4: 167,650 shares; 2026Q1: 226,750 shares 226,750$3.79M1.99%+59,100Timeline
PLABPHOTRONICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 223,400 shares; 2025Q2: 324,620 shares; 2025Q3: 324,620 shares; 2025Q4: 80,200 shares; 2026Q1: 80,200 shares 80,200$3.24M1.7%0Timeline
KRPKIMBELL RTY PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,246,477 shares; 2024Q4: 912,298 shares; 2025Q1: 902,198 shares; 2025Q2: 676,195 shares; 2025Q3: 608,195 shares; 2025Q4: 538,195 shares; 2026Q1: 221,295 shares 221,295$3.2M1.68%-316,900Timeline
BBCPCONCRETE PUMPING HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,070,405 shares; 2024Q4: 1,070,405 shares; 2025Q1: 429,005 shares; 2025Q2: 429,005 shares; 2025Q3: 429,005 shares; 2025Q4: 430,805 shares; 2026Q1: 430,805 shares 430,805$3.08M1.61%0Timeline
ARHSARHAUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 48,200 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 403,900 shares 403,900$2.74M1.44%newTimeline
CVEOCIVEO CORP CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 14,000 shares; 2025Q4: 91,676 shares; 2026Q1: 101,738 shares 101,738$2.69M1.41%+10,062Timeline
CNTYCENTURY CASINOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,095,900 shares; 2024Q4: 1,095,900 shares; 2025Q1: 1,095,900 shares; 2025Q2: 1,095,900 shares; 2025Q3: 1,095,900 shares; 2025Q4: 1,095,900 shares; 2026Q1: 1,095,900 shares 1,095,900$1.52M0.8%0Timeline
PZZAPAPA JOHNS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 31,900 shares 31,900$1.03M0.54%newTimeline
CULPCULP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 324,669 shares; 2024Q4: 324,669 shares; 2025Q1: 324,669 shares; 2025Q2: 324,669 shares; 2025Q3: 324,669 shares; 2025Q4: 324,669 shares; 2026Q1: 324,669 shares 324,669$890K0.47%0Timeline
BLBDBLUE BIRD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,800 shares; 2025Q3: 5,800 shares; 2025Q4: 5,800 shares; 2026Q1: 5,800 shares 5,800$329K0.17%0Timeline
AIOTPOWERFLEET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,000 shares; 2025Q3: 15,000 shares; 2025Q4: 15,000 shares; 2026Q1: 15,100 shares 15,100$46.5K0.02%+100Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
INOTIV INCINOTIV INC Convertible Bondprincipal1,000,000$235K0

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
NGSNATURAL GAS SVCS GROUP INC109,000$3.67Mshares
TRUETRUECAR INC886,075$2Mshares

How Q1 2026 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 0001193125-26-225515 base2026-05-15acceptance time not in the bulk data set