Clarkston Capital Partners, Llc
SEC-registered
Investment Adviser · Mid-sized ($1B–$10B)
CRD 143456
· SEC file 801-67681
· Rochester, MI
· WWW.CLARKSTONCAPITAL.COM
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ADV data as of Jul 29, 2026
- Regulatory AUM
- $1.7B
- Discretionary
- $1.7B
- Clients
- 142
- Avg AUM / client
- $12.0M
- Accounts
- 347
- Employees
- 21
AUM over time
$150M
$6.8B
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 106 | $76.7M | 4.48% |
| High net worth individuals | 17 | $116M | 6.78% |
| Investment companies | 1 | $756M | 44.2% |
| Pooled investment vehicles (non-investment companies) | 2 | $123M | 7.19% |
| Pension and profit sharing plans | 5 | $215M | 12.6% |
| Charitable organizations | 2 | $12.6M | 0.74% |
| State or municipal government entities | 7 | $245M | 14.3% |
| Other investment advisers | Fewer than 5 clients | $161M | 9.42% |
| Insurance companies | Fewer than 5 clients | $0 | — |
| Corporations and other businesses | 2 | $5.5M | 0.32% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $1.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Bbh Clarkston Small/Mid Cap Master Fund, Lp master | Other Private Fund | Cayman Islands | $1.0B | 1,322 |
| Clarkston Qv Fund, Lp | Other Private Fund | Delaware | $31.3M | 34 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Michigan Carpenters' Pension Fund Board Of Trustees, Michigan Carpenters' Pension Fund | 2024 | |
| Soft Drink And Brewery Workers Union Local 812 Retirement Fund Board Of Trustees Soft Drink And Brewery Workers | 2024 | |
| Pension Fund Of Operating Engineers Local 513 Board Of Trustees Of Pension Fund Of Operating Engineers Local 513 | Bridgeton, MO | 2024 |
| Electrical Workers Pension Trust Fund Of Local Union No. 58 Ibew The Board Of Trustees Of The Electrical Workers Pension Trust | 2024 | |
| Rockwell Automation Pension Plan Rockwell Automation, Inc. | 2024 | |
| The Children's Aid Society Retirement Plan The Children's Aid Society | 2024 | |
| Honigman Llp Income Deferral And Profit Sharing Plan Honigman Llp | 2024 | |
| The Jewish Home & Hospital Retirement Plan The New Jewish Home | 2024 |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jeremy Joseph Modell | Trustee | Nov 2003 (23y) | ≈ 5.63% – 25% via Jeremy J Modell Revocable Living Trust Dtd 11/06/2003 | |
| Gerald Wayne Hakala | Manager; Managing Director, Clarkston Capital Division | CFA | Dec 2018 (8y) | ≈ 18.75% – 50% via Clarkston Companies, Inc. |
| Jeffrey Anthony Hakala | Manager; Chief Executive Officer | CFA | Dec 2018 (8y) | ≈ 18.75% – 50% via Clarkston Companies, Inc. |
| West, Melanie, Mayo | Chief Compliance Officer | Jan 2023 (4y) | Less than 5% | |
| Michalski, Jeremy, Steven | Chief Financial Officer | Sep 2024 (2y) | Less than 5% | |
| Cheryl Ann Kassab | Registered representative | CFP | Jun 2013 (13y) | |
| Kurt P Terrien | Registered representative | Jul 2017 (9y) | ||
| Christopher Ryan Klau | Registered representative | Feb 2018 (8y) | ||
| Connor Erick Kruse | Registered representative | Sep 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Clarkston Companies, Inc. | Member Of Llc | Dec 2018 | A | 75% or more |
| Modell Capital Llc | Member Of Llc | Dec 2018 | A | 10% – 25% |
| Jeremy J Modell Revocable Living Trust Dtd 11/06/2003 | Member Of Llc | Dec 2018 | B | ≈ 7.5% – 25% via Modell Capital Llc |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Jeremy Joseph Modell: 75% – 100% of Jeremy J Modell Revocable Living Trust Dtd 11/06/2003 × 75% – 100% of Modell Capital Llc × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Gerald Wayne Hakala: 25% – 50% of Clarkston Companies, Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Jeffrey Anthony Hakala: 25% – 50% of Clarkston Companies, Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Jeremy J Modell Revocable Living Trust Dtd 11/06/2003: 75% – 100% of Modell Capital Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
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 (2, $1.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Bbh Clarkston Small/Mid Cap Master Fund, Lp | Other Private Fund | $1.0B | $100K | 1,322 |
| Clarkston Qv Fund, Lp | Other Private Fund | $31.3M | $1.0M | 34 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (8)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Michigan Carpenters' Pension Fund | Board Of Trustees, Michigan Carpenters' Pension Fund | 4,163 | $774M | 09/01/2024 |
| Soft Drink And Brewery Workers Union Local 812 Retirement Fund | Board Of Trustees Soft Drink And Brewery Workers | 1,656 | $974M | 07/01/2024 |
| Pension Fund Of Operating Engineers Local 513 | Board Of Trustees Of Pension Fund Of Operating Engineers Local 513 | 2,558 | $811M | 05/01/2024 |
| Electrical Workers Pension Trust Fund Of Local Union No. 58 Ibew | The Board Of Trustees Of The Electrical Workers Pension Trust | 3,182 | $923M | 01/01/2024 |
| Rockwell Automation Pension Plan | Rockwell Automation, Inc. | 1,841 | $1.8B | 01/01/2024 |
| The Children's Aid Society Retirement Plan | The Children's Aid Society | 195 | $85.1M | 01/01/2024 |
| Honigman Llp Income Deferral And Profit Sharing Plan | Honigman Llp | 671 | $402M | 01/01/2024 |
| The Jewish Home & Hospital Retirement Plan | The New Jewish Home | 97 | $78.3M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.28 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
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Fidelity Brokerage Services $494M (13% of AUM) Feb 2026
- National Financial Services (Fidelity) $303M (7% of AUM) Jan 2021
- Charles Schwab & Co. $278M (16% of AUM) Mar 2026
- State Street $268M (16% of AUM) Mar 2026
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: Jul 29, 2026.
View current Form ADV (SEC/IAPD) ↗