Mill Road Capital Management Llc
- Regulatory AUM
- $754M
- Discretionary
- $754M
- Clients
- 5
- Avg AUM / client
- $151M
- Accounts
- 5
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 24 positions, $190,822,101)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Enviri Corp | COM | $41,020,378 | 2,090,743 | 21.5% | 5.44% |
| 2 | Mistras Group Inc | COM | $27,647,172 | 1,870,580 | 14.5% | 3.67% |
| 3 | Alta Equipment Group Inc | COMMON STOCK | $23,484,127 | 4,373,208 | 12.3% | 3.12% |
| 4 | Grocery Outlet Hldg | COM | $16,714,824 | 2,370,897 | 8.76% | 2.22% |
| 5 | Beazer Homes Usa Inc | COM NEW | $16,123,793 | 838,035 | 8.45% | 2.14% |
| 6 | Noodles & Co | COM CL A | $7,444,143 | 870,660 | 3.9% | 0.99% |
| 7 | Bluelinx Hldgs Inc | COM NEW | $7,312,350 | 134,964 | 3.83% | 0.97% |
| 8 | Quinstreet Inc | COM | $6,231,737 | 518,879 | 3.27% | 0.83% |
| 9 | Lifetime Brands Inc | COM | $6,117,749 | 1,065,810 | 3.21% | 0.81% |
| 10 | Bowman Consulting Group Ltd | COM | $5,981,871 | 210,333 | 3.13% | 0.79% |
| 11 | Reservoir Media Inc | COM | $5,488,842 | 560,658 | 2.88% | 0.73% |
| 12 | Matthews Intl Corp | COM CL A | $4,459,501 | 172,715 | 2.34% | 0.59% |
| 13 | Forward Air Corp | COM | $3,788,993 | 226,750 | 1.99% | 0.5% |
| 14 | Photronics | COM | $3,240,882 | 80,200 | 1.7% | 0.43% |
| 15 | Kimbell Rty Partners Lp | UNIT | $3,202,139 | 221,295 | 1.68% | 0.42% |
| 16 | Concrete Pumping Hldgs Inc | COM | $3,075,948 | 430,805 | 1.61% | 0.41% |
| 17 | Arhaus Inc | COM CL A | $2,738,442 | 403,900 | 1.44% | 0.36% |
| 18 | Civeo Corp | COM NEW | $2,691,987 | 101,738 | 1.41% | 0.36% |
| 19 | Century Casinos Inc | COM | $1,523,301 | 1,095,900 | 0.8% | 0.2% |
| 20 | Papa Johns Intl Inc | COM | $1,033,879 | 31,900 | 0.54% | 0.14% |
| 21 | Culp Inc | COM | $889,593 | 324,669 | 0.47% | 0.12% |
| 22 | Blue Bird Corp | COM | $329,382 | 5,800 | 0.17% | 0.04% |
| 23 | Inotiv Inc | NOTE 3.250%10/1 | $234,560 | 1,000,000 | 0.12% | 0.03% |
| 24 | Powerfleet Inc | COM | $46,508 | 15,100 | 0.02% | 0.01% |
Top 25 of 24 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $754M | 100.0% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $827M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mill Road Capital Ii, L.P. | Hedge Fund | Delaware | $376M | 75 |
| Mill Road Capital Iii, L.P. | Hedge Fund | Cayman Islands | $344M | 52 |
| Mrc Iii Aiv, L.P. | Other Private Fund | Delaware | $54.9M | 11 |
| Mill Road Capital, L.P. | Hedge Fund | Delaware | $42.0M | 56 |
| Mrc Iii Offshore Aiv, L.P. | Other Private Fund | Delaware | $10.0M | 40 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Wells Fargo & Company Cash Balance Plan Wells Fargo & Company | 2024 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lynch, Thomas, Edward | Managing Member, Management Committee Director And Chairman, Tax Matters Person | Oct 2004 (22y) | 25% – 50% | |
| Mcgovern, Lisa, Marie | Chief Compliance Officer, Chief Financial Officer, Managing Director | Sep 2017 (9y) | Less than 5% | |
| Yanagi, Eric, Tomio | Managing Member, Management Committee Director | Apr 2018 (8y) | 10% – 25% | |
| Petito, Deven, Hardwick | Managing Member, Management Committee Director | Nov 2022 (4y) | 25% – 50% |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $827M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mill Road Capital Ii, L.P. | Hedge Fund | $376M | $250K | 75 |
| Mill Road Capital Iii, L.P. | Hedge Fund | $344M | $250K | 52 |
| Mrc Iii Aiv, L.P. | Other Private Fund | $54.9M | $250K | 11 |
| Mill Road Capital, L.P. | Hedge Fund | $42.0M | $250K | 56 |
| Mrc Iii Offshore Aiv, L.P. | Other Private Fund | $10.0M | $250K | 40 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Wells Fargo & Company Cash Balance Plan | Wells Fargo & Company | 40,642 | $8.3B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.09 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗