Mill Road Capital Management LLC

Q3 2025 13F-HR Holdings

Location
Greenwich, CT
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
25
Total value ($000)
$192,046
Net value change ($000)
+35,891 (23.0%)
New positions
2
Sold out positions
1
Turnover %
3.2%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PHLT 12,166 93.2%
NVRI 8,522 47.3%
ALTG 3,950 14.6%
FWRD 3,273 NEW
MG 3,098 23.2%
RSVR 2,491 1407.3%
ZIMV 1,798 102.6%
BZH 1,731 9.5%
PLAB 1,337 21.9%
NGS 883 8.5%
Top Reduces (Value $000, Stocks/ETFs)
BWMN -2,530 -100.0%
LCUT -1,311 -24.1%
KRP -1,235 -13.1%
NDLS -538 -10.8%
BXC -167 -1.8%
TRUE -103 -3.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type