Millstreet Capital Management 13F annual report

Millstreet Capital Management is an investment fund managing more than $252 billion ran by Janet Kastrud. There are currently 3 companies in Mrs. Kastrud’s portfolio. The largest investments include Diebold Nixdorf Inc and Cooper Std Hldgs Inc, together worth $244 billion.

$252 billion Assets Under Management (AUM)

As of 7th August 2024, Millstreet Capital Management’s top holding is 6,027,361 shares of Diebold Nixdorf Inc currently worth over $232 billion and making up 92.1% of the portfolio value. Relative to the number of outstanding shares of Diebold Nixdorf Inc, Millstreet Capital Management owns less than 0.2% of the company. In addition, the fund holds 931,971 shares of Cooper Std Hldgs Inc worth $11.6 billion. The third-largest holding is Globalstar worth $8.23 billion.

Currently, Millstreet Capital Management's portfolio is worth at least $252 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Millstreet Capital Management

The Millstreet Capital Management office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Janet Kastrud serves as the Chief Compliance Officer at Millstreet Capital Management.

Recent trades

There are companies that Millstreet Capital Management is getting rid of from its portfolio. Millstreet Capital Management closed its position in Ferroglobe Plc on 14th August 2024. It sold the previously owned 2,000,000 shares for $9.96 billion. Janet Kastrud also disclosed a decreased stake in Diebold Nixdorf Inc by approximately 0.1%. This leaves the value of the investment at $232 billion and 6,027,361 shares.

One of the smallest hedge funds

The two most similar investment funds to Millstreet Capital Management are Argent Advisors and 360. They manage $252 billion and $252 billion respectively.

Janet Kastrud investment strategy

Millstreet Capital Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 92.1% of the total portfolio value. The fund focuses on investments in the United States as 66.7% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $1.44 billion.

The complete list of Millstreet Capital Management trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Diebold Nixdorf Inc	6.95% 6,027,361	$231,932,851,000	92.12%
Cooper Std Hldgs Inc	No change 931,971	$11,593,719,000	4.61%
Ferroglobe Plc	Closed 2,000,000	$9,960,000,000
Globalstar Inc.	No change 7,351,426	$8,233,597,000	3.27%
No transactions found
Showing first 500 out of 4 holdings