Millstreet Capital Management Llc
- Regulatory AUM
- $5.8B
- Discretionary
- $5.8B
- Clients
- 2
- Avg AUM / client
- $2.9B
- Accounts
- 3
- Employees
- 14
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 2 positions, $417,585,398)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Diebold Nixdorf Inc | COM SHS | $393,545,736 | 5,216,672 | 94.2% | 6.76% |
| 2 | Diversified Energy Co | COMMON STOCK | $24,039,662 | 1,378,421 | 5.76% | 0.41% |
Top 25 of 2 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) | 2 | $5.2B | 89.3% |
| Other | Fewer than 5 clients | $624M | 10.7% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Millstreet Credit Fund Lp master | Hedge Fund | Delaware | $2.5B | 288 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Connolly, Brian, Driscoll | Managing Member, Class A | Mar 2010 (16y) | 25% – 50% | |
| Kelleher, Craig, M | Managing Member, Class A | Mar 2010 (16y) | 25% – 50% | |
| Growney, Jeffrey, Thomas | Member/Head Of Business Development & Investor Relations, Class B | Jun 2017 (9y) | 10% – 25% | |
| Danforth, David, Thomas | Chief Operating Officer | Aug 2018 (8y) | Less than 5% | |
| Kastrud, Janet, York | Chief Compliance Officer | Aug 2018 (8y) | Less than 5% | |
| Rosello, Christina, Sadowski | Chief Financial Officer | Feb 2020 (7y) | Less than 5% |
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 (1, $2.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Millstreet Credit Fund Lp | Hedge Fund | $2.5B | $1.0M | 288 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.25 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
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $624M (11% of AUM) Mar 2026
- Goldman Sachs $104M (20% of AUM) Sep 2020
- BNY Mellon $5.8M (1% of AUM) Mar 2021
- National Financial Services (Fidelity) $35.5K (0% of AUM) Mar 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗