Mill Road Capital Management LLC Diversified Active

CIK: 0001512275 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $192,046 (99.9% shares, 0.1% debt)

Holdings (25)

ALTG ALTA EQUIPMENT GROUP INC 16.2%

Value ($000) $31,083 Shares 4,293,208 Est. Cost $10.60 Unrealized -26.7%

NVRI ENVIRI CORP 13.8%

Value ($000) $26,532 Shares 2,090,743 Est. Cost $9.30 Unrealized +11.2%

— PERFORMANT HEALTHCARE INC 13.1%

Value ($000) $25,213 Shares 3,261,675 Est. Cost $2.64 Unrealized —

BZH BEAZER HOMES USA INC 10.4%

Value ($000) $19,995 Shares 814,474 Est. Cost $29.37 Unrealized -16.4%

MG MISTRAS GROUP INC 8.6%

Value ($000) $16,456 Shares 1,672,381 Est. Cost $6.31 Unrealized +41.1%

NGS NATURAL GAS SVCS GROUP INC 5.9%

Value ($000) $11,329 Shares 404,745 Est. Cost $10.12 Unrealized +151.1%

BXC BLUELINX HLDGS INC 4.9%

Value ($000) $9,344 Shares 127,864 Est. Cost $88.20 Unrealized -10.7%

KRP KIMBELL RTY PARTNERS LP 4.3%

Value ($000) $8,205 Shares 608,195 Est. Cost $13.86 Unrealized —

PLAB PHOTRONICS INC 3.9%

Value ($000) $7,450 Shares 324,620 Est. Cost $21.16 Unrealized +1.1%

QNST QUINSTREET INC 3.0%

Value ($000) $5,673 Shares 366,679 Est. Cost $15.54 Unrealized +2.2%

— NOODLES & CO 2.3%

Value ($000) $4,427 Shares 6,965,291 Est. Cost $4.78 Unrealized —

LCUT LIFETIME BRANDS INC 2.1%

Value ($000) $4,125 Shares 1,065,810 Est. Cost $12.19 Unrealized -66.1%

— ZIMVIE INC 1.8%

Value ($000) $3,550 Shares 187,430 Est. Cost $12.49 Unrealized —

FWRD FORWARD AIR CORP 1.7%

Value ($000) $3,273 Shares 127,650 Est. Cost $28.77 Unrealized 0.0%

— TRUECAR INC 1.7%

Value ($000) $3,172 Shares 1,723,800 Est. Cost $2.24 Unrealized —

BBCP CONCRETE PUMPING HLDGS INC 1.6%

Value ($000) $3,024 Shares 429,005 Est. Cost $5.93 Unrealized +17.4%

CNTY CENTURY CASINOS INC 1.5%

Value ($000) $2,860 Shares 1,095,900 Est. Cost $8.64 Unrealized -71.1%

RSVR RESERVOIR MEDIA INC 1.4%

Value ($000) $2,668 Shares 327,746 Est. Cost $7.78 Unrealized +0.4%

CULP CULP INC 0.8%

Value ($000) $1,448 Shares 324,669 Est. Cost $13.18 Unrealized -67.1%

TTAM TITAN AMER SA 0.4%

Value ($000) $704 Shares 47,100 Est. Cost $13.54 Unrealized +9.0%

GO GROCERY OUTLET HLDG CORP 0.3%

Value ($000) $560 Shares 34,900 Est. Cost $15.47 Unrealized +3.2%

BLBD BLUE BIRD CORP 0.2%

Value ($000) $334 Shares 5,800 Est. Cost $38.08 Unrealized +37.0%

CVEO CIVEO CORP 0.2%

Value ($000) $322 Shares 14,000 Est. Cost $23.44 Unrealized 0.0%

— INOTIV INC 0.1%

Value ($000) $222 Shares 1,000,000 Est. Cost $0.50 Unrealized —

AIOT POWERFLEET INC 0.0%

Value ($000) $79 Shares 15,000 Est. Cost $4.94 Unrealized -6.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ALTG	ALTA EQUIPMENT GROUP INC	4,293,208	$31,083	16.2%	$10.60	-26.7%	COMMON STOCK	02128L106
NVRI	ENVIRI CORP	2,090,743	$26,532	13.8%	$9.30	+11.2%	COM	415864107
—	PERFORMANT HEALTHCARE INC	3,261,675	$25,213	13.1%	$2.64	—	COM	71377E105
BZH	BEAZER HOMES USA INC	814,474	$19,995	10.4%	$29.37	-16.4%	COM NEW	07556Q881
MG	MISTRAS GROUP INC	1,672,381	$16,456	8.6%	$6.31	+41.1%	COM	60649T107
NGS	NATURAL GAS SVCS GROUP INC	404,745	$11,329	5.9%	$10.12	+151.1%	COM	63886Q109
BXC	BLUELINX HLDGS INC	127,864	$9,344	4.9%	$88.20	-10.7%	COM NEW	09624H208
KRP	KIMBELL RTY PARTNERS LP	608,195	$8,205	4.3%	$13.86	—	UNIT	49435R102
PLAB	PHOTRONICS INC	324,620	$7,450	3.9%	$21.16	+1.1%	COM	719405102
QNST	QUINSTREET INC	366,679	$5,673	3.0%	$15.54	+2.2%	COM	74874Q100
—	NOODLES & CO	6,965,291	$4,427	2.3%	$4.78	—	COM CL A	65540B105
LCUT	LIFETIME BRANDS INC	1,065,810	$4,125	2.1%	$12.19	-66.1%	COM	53222Q103
—	ZIMVIE INC	187,430	$3,550	1.8%	$12.49	—	COM	98888T107
FWRD	FORWARD AIR CORP	127,650	$3,273	1.7%	$28.77	0.0%	COM	34986A104
—	TRUECAR INC	1,723,800	$3,172	1.7%	$2.24	—	COM	89785L107
BBCP	CONCRETE PUMPING HLDGS INC	429,005	$3,024	1.6%	$5.93	+17.4%	COM	206704108
CNTY	CENTURY CASINOS INC	1,095,900	$2,860	1.5%	$8.64	-71.1%	COM	156492100
RSVR	RESERVOIR MEDIA INC	327,746	$2,668	1.4%	$7.78	+0.4%	COM	76119X105
CULP	CULP INC	324,669	$1,448	0.8%	$13.18	-67.1%	COM	230215105
TTAM	TITAN AMER SA	47,100	$704	0.4%	$13.54	+9.0%	COMMON SHARES	B9151N105
GO	GROCERY OUTLET HLDG CORP	34,900	$560	0.3%	$15.47	+3.2%	COM	39874R101
BLBD	BLUE BIRD CORP	5,800	$334	0.2%	$38.08	+37.0%	COM	095306106
CVEO	CIVEO CORP	14,000	$322	0.2%	$23.44	0.0%	COM NEW	17878Y207
—	INOTIV INC	1,000,000	$222	0.1%	$0.50	—	NOTE 3.250%10/1	45783QAB6
AIOT	POWERFLEET INC	15,000	$79	0.0%	$4.94	-6.5%	COM	73931J109