KESTREL INVESTMENT MANAGEMENT CORP
CIK 917579 · View on SEC EDGAR ↗
- Portfolio value
- $183.7M
- Positions
- 40
- As of
- June 30, 2026
#6,734 of 9,443 by 13F value · top 71.3%
Portfolio value QoQ: +9.7% 13F does not disclose cash
- Top 10 holdings weight
- 43.11%
- Top 25 holdings weight
- 82.47%
- Positions above 1%
- 35
- Effective number of positions
- 30.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.8% Est. buys $15,398,675 · sells $13,701,443
Median holding: 4.5 quarters Tracked Q4 2024–Q2 2026 · 64.5% still held
- New positions
- 3
- Increased
- 2
- Decreased
- 3
- Closed
- 2
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Financials
19.0%
Health Care
15.5%
Industrials
15.3%
Materials
9.6%
Financial Services
7.7%
Consumer Discretionary
7.3%
Technology
5.6%
Diversified Consumer Services
4.9%
Packaging
3.7%
Real Estate
3.3%
Energy
2.9%
Communication Services
2.7%
Consumer Staples
1.9%
Other/Unmapped
0.7%
Full portfolio 40 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| PHIN PHINIA Inc. Common Stock | $13,467,495 | 7.33% | 163,500 | $2,270,711 | Down ×3 | ||
| AX Axos Financial, Inc. Common Stock | $9,266,659 | 5.04% | 95,150 | $1,170,345 | |||
| CNO CNO Financial Group, Inc. Common Stock | $7,812,685 | 4.25% | 153,250 | $1,520,240 | |||
| NSIT Insight Enterprises, Inc. - Common Stock | $7,764,750 | 4.23% | 63,750 | $3,492,862 | |||
| HAE Haemonetics Corporation Common Stock | $7,305,000 | 3.98% | 97,400 | $1,815,536 | |||
| ITGR Integer Holdings Corporation Common Stock | $7,022,768 | 3.82% | 75,150 | $409,568 | |||
| NATL NCR Atleos Corporation Common Stock | $6,808,859 | 3.71% | 156,850 | $-26,664 | |||
| TRS TriMas Corporation - Common Stock | $6,734,237 | 3.67% | 149,550 | $1,359,410 | |||
| PLAB Photronics, Inc. - Common Stock | $6,520,639 | 3.55% | 200,450 | $-1,579,546 | |||
| SMG Scotts Miracle-Gro Company (The) Common Stock | $6,473,856 | 3.52% | 95,050 | $4,084,023 | Up ×1 | ||
| XHR Xenia Hotels & Resorts, Inc. Common Stock | $5,999,074 | 3.27% | 294,650 | $1,629,414 | |||
| CVSA Covista Inc. Common Shares | $5,896,418 | 3.21% | 47,300 | $445,093 | |||
| BHF Brighthouse Financial, Inc. - Common Stock | $5,722,320 | 3.12% | 90,400 | $309,168 | |||
| ATKR Atkore Inc. Common Stock | $5,638,366 | 3.07% | 74,150 | $1,270,189 | |||
| QCRH QCR Holdings, Inc. - Common Stock | $5,417,528 | 2.95% | 55,650 | $662,235 | |||
| VTOL Bristow Group, Inc. Common Stock | $5,359,204 | 2.92% | 129,700 | $-722,429 | |||
| WEX WEX Inc. common stock | $5,206,221 | 2.83% | 36,900 | Up ×1 | |||
| THC Tenet Healthcare Corporation Common Stock | $5,083,899 | 2.77% | 27,175 | $-44,295 | |||
| ECVT Ecovyst Inc. Common Stock | $5,047,230 | 2.75% | 405,400 | $-166,214 | |||
| EXLS ExlService Holdings, Inc. - Common Stock | $4,445,334 | 2.42% | 171,900 | $1,811,409 | Up ×1 | ||
| PFBC Preferred Bank - Common Stock | $4,223,835 | 2.30% | 39,750 | $618,907 | |||
| KOP Koppers Holdings Inc. Common Stock | $3,746,905 | 2.04% | 83,450 | $519,059 | |||
| UPWK Upwork Inc. - Common Stock | $3,619,880 | 1.97% | 433,000 | $-1,125,800 | |||
| AVNS Avanos Medical, Inc. Common Stock | $3,479,468 | 1.89% | 139,850 | $1,520,169 | |||
| SMPL The Simply Good Foods Company - Common Stock | $3,426,904 | 1.87% | 258,050 | $-276,114 | |||
| CARS Cars.com Inc. Common Stock | $3,344,905 | 1.82% | 305,750 | $862,215 | |||
| PBH Prestige Consumer Healthcare Inc. Common Stock | $3,306,537 | 1.80% | 69,950 | $-845,327 | Down ×3 | ||
| MATW Matthews International Corporation - Class A Common Stock | $3,109,260 | 1.69% | 115,500 | $116,722 | Down ×1 | ||
| SAIC Science Applications International Corporation - Common Stock | $2,445,582 | 1.33% | 22,150 | $343,104 | |||
| MTUS Metallus Inc. Common Shares | $2,429,700 | 1.32% | 130,000 | $305,500 | |||
| SBSI Southside Bancshares, Inc. Common Stock | $2,428,110 | 1.32% | 69,000 | $282,900 | |||
| CCRN Cross Country Healthcare, Inc. - Common Stock | $2,207,391 | 1.20% | 167,100 | $636,651 | |||
| CNXC Concentrix Corporation - Common Stock | $2,190,089 | 1.19% | 97,750 | $-484,351 | |||
| SLM SLM Corporation - Common Stock | $2,154,317 | 1.17% | 83,050 | Up ×1 | |||
| RAMP LiveRamp Holdings, Inc. Common Stock | $2,032,560 | 1.11% | 54,000 | Up ×1 | |||
| BLKB Blackbaud, Inc. - Common Stock | $1,808,301 | 0.98% | 61,050 | $-548,840 | |||
| GTM ZoomInfo Technologies Inc. - Common Stock | $1,603,003 | 0.87% | 547,100 | $-1,668,655 | |||
| RLGT | $1,208,979 | 0.66% | 127,799 | $307,996 | |||
| HDSN Hudson Technologies, Inc. - Common Stock | $1,152,305 | 0.63% | 200,750 | $-28,105 | |||
| FORR Forrester Research, Inc. - Common Stock | $769,515 | 0.42% | 91,500 | $251,625 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SMG | Bought more | +56K | +$4.1M |
| NSIT | Price move only | +0 | +$3.5M |
| PHIN | Trimmed | -100 | +$2.3M |
| HAE | Price move only | +0 | +$1.8M |
| EXLS | Bought more | +85K | +$1.8M |
| GTM | Price move only | +0 | -$1.7M |
| XHR | Price move only | +0 | +$1.6M |
| PLAB | Price move only | +0 | -$1.6M |
| CNO | Price move only | +0 | +$1.5M |
| AVNS | Price move only | +0 | +$1.5M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| TPH | June 30, 2026 | 220,050 | $10,282,937 | No longer tracked |
| AAMI | June 30, 2026 | 62,381 | $3,394,774 | 28.3% |
| CNX | March 31, 2025 | 225,250 | $8,260 | 15.7% |
| PINC | Dec. 31, 2025 | 255,350 | $7,098 | No longer tracked |
| RDN | March 31, 2026 | 192,800 | $6,940 | 11.3% |
| CXW | March 31, 2026 | 293,100 | $5,601 | 77.5% |
| MDU | Dec. 31, 2025 | 309,600 | $5,513 | 4.1% |
| MRC | Sept. 30, 2025 | 382,950 | $5,250 | No longer tracked |
| DNB | Sept. 30, 2025 | 486,900 | $4,429 | No longer tracked |
| PGNY | Dec. 31, 2025 | 178,650 | $3,844 | 1.1% |
| ADEA | Sept. 30, 2025 | 265,913 | $3,760 | 59.9% |
| THS | March 31, 2026 | 158,950 | $3,750 | No longer tracked |
| OCFC | March 31, 2026 | 197,050 | $3,537 | 6.2% |
| VTS | March 31, 2025 | 141,050 | $3,526 | -30.2% |
| BBT | Dec. 31, 2025 | 140,950 | $3,342 | 20.7% |
| DRVN | Dec. 31, 2025 | 200,200 | $3,226 | -12.2% |
| SHLS | June 30, 2025 | 851,200 | $2,826 | 71.1% |
| EPC | Dec. 31, 2025 | 122,200 | $2,487 | 61.4% |
| RNGR | March 31, 2026 | 139,600 | $1,952 | 1.8% |
| DIN | March 31, 2025 | 57,950 | $1,744 | 48.6% |
| CCSI | March 31, 2025 | 39,000 | $931 | 61.7% |
| XPER | Sept. 30, 2025 | 73,221 | $579 | -4.8% |