Mill Road Capital Management LLC

Q4 2025 13F-HR Detailed Holdings

Location
Greenwich, CT
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
24
Total value ($000)
$168,321
Net value change ($000)
-23,725 (-12.4%)
New positions
1
Sold out positions
3
Turnover %
19.6%
Sector allocation + QoQ delta (equities-only)

Holdings broken out by other managers reported in the original SEC filing. View aggregated holdings

Prev filing: 11/14/2025 Next filing: — SEC filing
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Snapshot: Change Analysis

Compared to Q3 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)
NVRI 10,934 41.2%
GO 9,454 1688.2%
RSVR 5,095 191.0%
MG 4,703 28.6%
MATW 3,438 NEW
QNST 1,783 31.4%
CVEO 1,775 551.2%
FWRD 918 28.0%
NDLS 490 11.1%
LCUT 85 2.1%
Top Reduces (Value $000, Stocks/ETFs)
PHLT -25,213 -100.0%
ALTG -11,334 -36.5%
NGS -7,661 -67.6%
PLAB -4,884 -65.6%
ZIMV -3,550 -100.0%
BZH -3,080 -15.4%
KRP -1,876 -22.9%
CNTY -1,402 -49.0%
TRUE -1,169 -36.9%
BXC -1,053 -11.3%
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 Discretion Other Manager Sole Shared None

Other Managers

Num Name File Number
1 Mill Road Capital III GP LLC 028-20932