1y return+41.6%S&P 500 +20.9%
3y return+16.1%S&P 500 +68.5%
5y return−33.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $92 against $200 in the S&P 500.2
Mill Road Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MGMistras Group Inc | $33.7M | 16.6% | +3.2% |
| ALTGAlta Equipment Group Inc | $28.3M | 14.0% | |
| GOGrocery Outlet Hldg | $24.5M | 12.1% | +3.5% |
| BZHBeazer Homes Usa Inc | $23.6M | 11.7% | |
| Enviri CorpCUSIP 415864107 | $15.3M | 7.5% | −33.5% |
| Noodles & CoCUSIP 65540B105 | $13.0M | 6.4% | |
| BWMNBowman Consulting Group Ltd | $9.7M | 4.8% | +58.7% |
| LCUTLifetime Brands Inc | $8.6M | 4.2% | −5.7% |
| BXCBluelinx Hldgs Inc | $8.4M | 4.1% | |
| QNSTQuinstreet Inc | $7.6M | 3.8% | |
| MATWMatthews Intl Corp | $5.5M | 2.7% | +18.5% |
| BBCPConcrete Pumping Hldgs Inc | $5.2M | 2.6% | |
| ARHSArhaus Inc | $4.4M | 2.2% | +30.5% |
| FWRDForward Air Corp | $3.9M | 1.9% | +28.9% |
| CVEOCiveo Corp | $3.3M | 1.6% | −8.5% |
| KRPKimbell Rty Partners LP | $3.1M | 1.5% | −2.6% |
| CNTYCentury Casinos Inc | $1.4M | 0.7% | |
| CULPCulp Inc | $1.0M | 0.5% | |
| RSVRReservoir Media Inc | $889K | 0.4% | −84.0% |
| PZZAPapa Johns Intl Inc | $603K | 0.3% | −48.6% |
| BLBDBlue Bird Corp | $458K | 0.2% | |
| AIOTPowerfleet Inc | $58K | 0.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MGMistras Group Inc | December 31, 2020 | +125.1% | $33.7M |
| BLBDBlue Bird Corp | June 30, 2025 | +82.9% | $458K |
| BBCPConcrete Pumping Hldgs Inc | March 31, 2021 | +62.7% | $5.2M |
| CVEOCiveo Corp | September 30, 2025 | +52.2% | $3.3M |
| KRPKimbell Rty Partners LP | March 31, 2021 | +43.3% | $3.1M |
| RSVRReservoir Media Inc | June 30, 2025 | +28.9% | $889K |
| ARHSArhaus Inc | March 31, 2026 | +24.2% | $4.4M |
| PZZAPapa Johns Intl Inc | March 31, 2026 | +13.5% | $603K |
| Enviri CorpCUSIP 415864107 | September 30, 2024 | +3.2% | $15.3M |
| MATWMatthews Intl Corp | December 31, 2025 | +3.1% | $5.5M |
Sold off last quarter
- PLABPhotronics was $3.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.6% | +14.8% |
| March 31, 2026 | +6.2% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +21.3% | +7.8% |
| June 30, 2025 | +8.3% | +10.5% |
| March 31, 2025 | −15.6% | −4.6% |
| December 31, 2024 | −6.8% | +2.1% |
| September 30, 2024 | +2.5% | +5.4% |
| June 30, 2024 | −12.4% | +4.0% |
| March 31, 2024 | +2.3% | +10.0% |
| December 31, 2023 | +15.9% | +11.2% |
| September 30, 2023 | −9.6% | −3.6% |
| June 30, 2023 | −7.5% | +8.3% |
| March 31, 2023 | +0.8% | +7.0% |
| December 31, 2022 | +11.8% | +7.1% |
| September 30, 2022 | −10.3% | −5.3% |
| June 30, 2022 | −19.5% | −16.5% |
| March 31, 2022 | −11.6% | −4.9% |
| December 31, 2021 | −2.7% | +10.7% |
| September 30, 2021 | −11.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Mill Road Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1512275&type=13F-HR&dateb=&owner=include&count=40CIK 1512275
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1512275/000119312526350944/Filed August 14, 2026 · accession 0001193125-26-350944