KESTREL INVESTMENT MANAGEMENT CORP Diversified Active

Location: San Mateo, CA

CIK: 0000917579 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 3, 2023

Total Value: $181M (100.0% shares, 0.0% debt)

Holdings (38)

THC Tenet Healthcare Corp 5.4%

Value $9.798M Shares 120,400 Share Price $81.38 Est. Cost/Share $46.22 Unrealized @ Report Date +76.1%

TPH Tri Pointe Homes Inc 5.4%

Value $9.768M Shares 297,250 Share Price $32.86 Est. Cost/Share $19.25 Unrealized @ Report Date +70.7%

— Triton International LTD 4.9%

Value $8.867M Shares 106,500 Share Price $83.26 Est. Cost/Share $40.67 Unrealized @ Report Date —

CRC California Resources Corp 4.6%

Value $8.347M Shares 184,300 Share Price $45.29 * Est. Cost/Share $29.31 Unrealized @ Report Date +43.8%

ROCK Gibraltar Industries Inc 4.2%

Value $7.51M Shares 119,350 Share Price $62.92 Est. Cost/Share $42.65 Unrealized @ Report Date +47.5%

— Univar Solutions Inc 4.0%

Value $7.25M Shares 202,300 Share Price $35.84 Est. Cost/Share $16.86 Unrealized @ Report Date —

DTM DT Midstream Inc 3.8%

Value $6.904M Shares 139,275 Share Price $49.57 * Est. Cost/Share $36.72 Unrealized @ Report Date +22.5%

RDN Radian Group Inc 3.7%

Value $6.687M Shares 264,500 Share Price $25.28 * Est. Cost/Share $20.20 Unrealized @ Report Date +15.8%

— Perficient Inc 3.5%

Value $6.25M Shares 75,000 Share Price $83.33 Est. Cost/Share $71.00 Unrealized @ Report Date —

CVSA Adtalem Global Educ Inc 3.5%

Value $6.246M Shares 181,900 Share Price $34.34 Est. Cost/Share $31.51 Unrealized @ Report Date +9.0%

— Vista Outdoor Inc 3.3%

Value $5.97M Shares 215,750 Share Price $27.67 Est. Cost/Share $14.79 Unrealized @ Report Date —

— The ODP Corp 3.3%

Value $5.923M Shares 126,500 Share Price $46.82 Est. Cost/Share $48.01 Unrealized @ Report Date —

BHF Brighthouse Financial Inc 3.2%

Value $5.777M Shares 122,000 Share Price $47.35 Est. Cost/Share $41.08 Unrealized @ Report Date +15.3%

VCTR Victory Capital Hldgs Inc 3.0%

Value $5.387M Shares 170,800 Share Price $31.54 * Est. Cost/Share $28.33 Unrealized @ Report Date +2.9%

AX Axos Financial Inc 2.9%

Value $5.232M Shares 132,650 Share Price $39.44 Est. Cost/Share $38.75 Unrealized @ Report Date +1.8%

LPRO Open Lending Corp 2.9%

Value $5.218M Shares 496,500 Share Price $10.51 Est. Cost/Share $7.79 Unrealized @ Report Date +35.0%

CNX CNX Resources Corp 2.8%

Value $4.998M Shares 282,050 Share Price $17.72 Est. Cost/Share $13.56 Unrealized @ Report Date +30.7%

— Avid Technology Inc 2.7%

Value $4.895M Shares 191,950 Share Price $25.50 Est. Cost/Share $7.35 Unrealized @ Report Date —

CNO CNO Financial Group Inc 2.7%

Value $4.842M Shares 204,550 Share Price $23.67 * Est. Cost/Share $14.32 Unrealized @ Report Date +57.3%

DIN Dine Brands Global Inc 2.3%

Value $4.146M Shares 71,450 Share Price $58.03 * Est. Cost/Share $60.07 Unrealized @ Report Date -16.4%

VTS Vitesse Energy Inc 2.2%

Value $4.022M Shares 179,550 Share Price $22.40 Est. Cost/Share $17.24 Unrealized @ Report Date +29.9%

THG The Hanover Insur Grp Inc 2.1%

Value $3.883M Shares 34,350 Share Price $113.04 * Est. Cost/Share $95.46 Unrealized @ Report Date +11.5%

BANR Banner Corp 2.1%

Value $3.823M Shares 87,550 Share Price $43.67 * Est. Cost/Share $43.96 Unrealized @ Report Date -10.0%

ADEA Adeia Inc 2.1%

Value $3.769M Shares 342,367 Share Price $11.01 * Est. Cost/Share $9.62 Unrealized @ Report Date +9.8%

KSS Kohl's Corp 2.1%

Value $3.743M Shares 162,400 Share Price $23.05 Est. Cost/Share $29.17 Unrealized @ Report Date -21.0%

MDRX Veradigm Inc 2.0%

Value $3.587M Shares 284,700 Share Price $12.60 Est. Cost/Share $12.10 Unrealized @ Report Date +4.1%

SAIC Science App Intl Corp 1.8%

Value $3.313M Shares 29,450 Share Price $112.50 Est. Cost/Share $93.10 Unrealized @ Report Date +20.8%

SMP Standard Motor Prod Inc 1.8%

Value $3.309M Shares 88,200 Share Price $37.52 Est. Cost/Share $39.81 Unrealized @ Report Date -5.8%

MATW Matthews International Corp 1.8%

Value $3.177M Shares 74,550 Share Price $42.62 * Est. Cost/Share $19.28 Unrealized @ Report Date +100.5%

— SP Plus Corp 1.6%

Value $2.918M Shares 74,600 Share Price $39.12 Est. Cost/Share $39.12 Unrealized @ Report Date —

KOP Koppers Holdings Inc 1.6%

Value $2.835M Shares 83,150 Share Price $34.10 Est. Cost/Share $30.18 Unrealized @ Report Date +10.7%

SBSI Southside Bancshares Inc 1.4%

Value $2.456M Shares 93,900 Share Price $26.16 Est. Cost/Share $36.47 Unrealized @ Report Date -28.3%

— HireRight Hldgs Corp 1.3%

Value $2.442M Shares 215,950 Share Price $11.31 Est. Cost/Share $10.61 Unrealized @ Report Date —

— Daseke Inc 1.1%

Value $1.989M Shares 278,950 Share Price $7.13 Est. Cost/Share $5.69 Unrealized @ Report Date —

AAMI BrightSphere Inv Group Inc 1.0%

Value $1.771M Shares 84,528 Share Price $20.95 Est. Cost/Share $13.96 Unrealized @ Report Date +49.5%

CCSI Consensus Cloud Solns Inc 0.8%

Value $1.513M Shares 48,800 Share Price $31.00 Est. Cost/Share $49.71 Unrealized @ Report Date -37.6%

XPER Xperi Inc 0.7%

Value $1.278M Shares 97,162 Share Price $13.15 Est. Cost/Share $23.33 Unrealized @ Report Date -43.6%

RLGT Radiant Logistics Inc 0.6%

Value $1.105M Shares 164,399 Share Price $6.72 Est. Cost/Share $4.13 Unrealized @ Report Date +62.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
THC	Tenet Healthcare Corp	120,400	$9.798M	5.4%	$81.38	$46.22	+76.1%	COM	88033G407
TPH	Tri Pointe Homes Inc	297,250	$9.768M	5.4%	$32.86	$19.25	+70.7%	COM	87265H109
—	Triton International LTD	106,500	$8.867M	4.9%	$83.26	$40.67	—	COM	G9078F107
CRC	California Resources Corp	184,300	$8.347M	4.6%	$45.29 *	$29.31	+43.8%	COM	13057Q305
ROCK	Gibraltar Industries Inc	119,350	$7.51M	4.2%	$62.92	$42.65	+47.5%	COM	374689107
—	Univar Solutions Inc	202,300	$7.25M	4.0%	$35.84	$16.86	—	COM	91336L107
DTM	DT Midstream Inc	139,275	$6.904M	3.8%	$49.57 *	$36.72	+22.5%	COM	23345M107
RDN	Radian Group Inc	264,500	$6.687M	3.7%	$25.28 *	$20.20	+15.8%	COM	750236101
—	Perficient Inc	75,000	$6.25M	3.5%	$83.33	$71.00	—	COM	71375U101
CVSA	Adtalem Global Educ Inc	181,900	$6.246M	3.5%	$34.34	$31.51	+9.0%	COM	00737L103
—	Vista Outdoor Inc	215,750	$5.97M	3.3%	$27.67	$14.79	—	COM	928377100
—	The ODP Corp	126,500	$5.923M	3.3%	$46.82	$48.01	—	COM	88337F105
BHF	Brighthouse Financial Inc	122,000	$5.777M	3.2%	$47.35	$41.08	+15.3%	COM	10922N103
VCTR	Victory Capital Hldgs Inc	170,800	$5.387M	3.0%	$31.54 *	$28.33	+2.9%	COM	92645B103
AX	Axos Financial Inc	132,650	$5.232M	2.9%	$39.44	$38.75	+1.8%	COM	05465C100
LPRO	Open Lending Corp	496,500	$5.218M	2.9%	$10.51	$7.79	+35.0%	COM	68373J104
CNX	CNX Resources Corp	282,050	$4.998M	2.8%	$17.72	$13.56	+30.7%	COM	12653C108
—	Avid Technology Inc	191,950	$4.895M	2.7%	$25.50	$7.35	—	COM	05367P100
CNO	CNO Financial Group Inc	204,550	$4.842M	2.7%	$23.67 *	$14.32	+57.3%	COM	12621E103
DIN	Dine Brands Global Inc	71,450	$4.146M	2.3%	$58.03 *	$60.07	-16.4%	COM	254423106
VTS	Vitesse Energy Inc	179,550	$4.022M	2.2%	$22.40	$17.24	+29.9%	COM	92852X103
THG	The Hanover Insur Grp Inc	34,350	$3.883M	2.1%	$113.04 *	$95.46	+11.5%	COM	410867105
BANR	Banner Corp	87,550	$3.823M	2.1%	$43.67 *	$43.96	-10.0%	COM	06652V208
ADEA	Adeia Inc	342,367	$3.769M	2.1%	$11.01 *	$9.62	+9.8%	COM	00676P107
KSS	Kohl's Corp	162,400	$3.743M	2.1%	$23.05	$29.17	-21.0%	COM	500255104
MDRX	Veradigm Inc	284,700	$3.587M	2.0%	$12.60	$12.10	+4.1%	COM	01988P108
SAIC	Science App Intl Corp	29,450	$3.313M	1.8%	$112.50	$93.10	+20.8%	COM	808625107
SMP	Standard Motor Prod Inc	88,200	$3.309M	1.8%	$37.52	$39.81	-5.8%	COM	853666105
MATW	Matthews International Corp	74,550	$3.177M	1.8%	$42.62 *	$19.28	+100.5%	COM	577128101
—	SP Plus Corp	74,600	$2.918M	1.6%	$39.12	$39.12	—	COM	78469C103
KOP	Koppers Holdings Inc	83,150	$2.835M	1.6%	$34.10	$30.18	+10.7%	COM	50060P106
SBSI	Southside Bancshares Inc	93,900	$2.456M	1.4%	$26.16	$36.47	-28.3%	COM	84470P109
—	HireRight Hldgs Corp	215,950	$2.442M	1.3%	$11.31	$10.61	—	COM	433537107
—	Daseke Inc	278,950	$1.989M	1.1%	$7.13	$5.69	—	COM	23753F107
AAMI	BrightSphere Inv Group Inc	84,528	$1.771M	1.0%	$20.95	$13.96	+49.5%	COM	10948W103
CCSI	Consensus Cloud Solns Inc	48,800	$1.513M	0.8%	$31.00	$49.71	-37.6%	COM	20848V105
XPER	Xperi Inc	97,162	$1.278M	0.7%	$13.15	$23.33	-43.6%	COM	98423J101
RLGT	Radiant Logistics Inc	164,399	$1.105M	0.6%	$6.72	$4.13	+62.7%	COM	75025X100