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MRCM

Mill Road Capital Management Portfolio holdings

AUM $191M
1-Year Est. Return 56.95%
This Fund
S&P 500
This Quarter Est. Return
+12.2%
1 Year Est. Return
+56.95%
3 Year Est. Return
+38.29%
5 Year Est. Return
+31.32%
10 Year Est. Return
–
AUM
$156M
AUM Growth
-$20.1M
Cap. Flow
-$31.5M
Cap. Flow %
-20.14%
Top 10 Hldgs %
83.73%
Holding
29
New
5
Increased
4
Reduced
2
Closed
6

Top Buys

Rank Stock Value
1
PLAB icon
Photronics
PLAB
+$1.89M
2
BXC icon
BlueLinx
BXC
+$699K
3
TTAM
Titan America SA
TTAM
+$505K
4
NVRI icon
Enviri
NVRI
+$430K
5
QNST icon
QuinStreet
QNST
+$423K

Top Sells

Rank Stock Value
1
LSEA
Landsea Homes
LSEA
+$16.8M
2
SUP
Superior Industries International
SUP
+$9.33M
3
KRP icon
Kimbell Royalty Partners
KRP
+$2.96M
4
ACEL icon
Accel Entertainment
ACEL
+$2.83M
5
FWRD icon
Forward Air
FWRD
+$2.56M

Sector Composition

Rank Sector Weight
1 Industrials 47.02%
2 Consumer Discretionary 20.66%
3 Energy 12.73%
4 Healthcare 9.48%
5 Communication Services 5.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FWRD icon
26
Forward Air
FWRD
$654M
– –
-127,650
Closed -$2.56M
LSEA
27
DELISTED
Landsea Homes
LSEA
– –
-2,618,987
Closed -$16.8M
SUP
28
DELISTED
Superior Industries International
SUP
– –
-4,380,940
Closed -$9.33M
1
2

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Mill Road Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Mill Road Capital Management held 29 positions worth $156M, down 11% from $176M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Mill Road Capital Management withdrew a net $31.5M in Q2 2025, closing 6 positions and reducing 2 holdings. Its most notable exit was Landsea Homes, an estimated $16.8M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 47% of assets, up from 38% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Mill Road Capital Management opened a new position in Titan America SA worth $475K.

  • Mill Road Capital Management's largest Q2 2025 buy was Titan America SA: 38,100 shares worth $475K.
  • Mill Road Capital Management added most to Photronics in Q2 2025, an estimated $1.89M increase.
  • Mill Road Capital Management's biggest Q2 2025 reduction was Kimbell Royalty Partners, cutting an estimated $2.96M.
  • Mill Road Capital Management fully exited Landsea Homes in Q2 2025, selling an estimated $16.8M.
  • Mill Road Capital Management's ten largest holdings make up 84% of its $156M portfolio in Q2 2025.
  • Mill Road Capital Management opened 5 new positions and closed 6 in Q2 2025.
  • Mill Road Capital Management's portfolio value fell 11% quarter-over-quarter to $156M.

Based on Mill Road Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.