KESTREL INVESTMENT MANAGEMENT CORP Diversified Active

Location: San Mateo, CA

CIK: 0000917579 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Jan 31, 2024

Total Value: $148M (100.0% shares, 0.0% debt)

Holdings (37)

CVSA Adtalem Global Educ Inc 5.5%

Value $8.076M Shares 137,000 Share Price $58.95 Est. Cost/Share $31.51 Unrealized @ Report Date +87.1%

TPH Tri Pointe Homes Inc 5.4%

Value $7.953M Shares 224,650 Share Price $35.40 Est. Cost/Share $19.25 Unrealized @ Report Date +83.9%

CRC California Resources Corp 5.2%

Value $7.617M Shares 139,300 Share Price $54.68 * Est. Cost/Share $29.31 Unrealized @ Report Date +75.5%

ROCK Gibraltar Industries Inc 4.8%

Value $7.128M Shares 90,250 Share Price $78.98 Est. Cost/Share $42.65 Unrealized @ Report Date +85.2%

THC Tenet Healthcare Corp 4.6%

Value $6.847M Shares 90,600 Share Price $75.57 Est. Cost/Share $46.22 Unrealized @ Report Date +63.5%

DTM DT Midstream Inc 4.0%

Value $5.895M Shares 107,575 Share Price $54.80 * Est. Cost/Share $36.72 Unrealized @ Report Date +39.0%

RDN Radian Group Inc 3.9%

Value $5.693M Shares 199,400 Share Price $28.55 * Est. Cost/Share $20.20 Unrealized @ Report Date +33.0%

— The ODP Corp 3.7%

Value $5.422M Shares 96,300 Share Price $56.30 Est. Cost/Share $48.01 Unrealized @ Report Date —

AX Axos Financial Inc 3.7%

Value $5.419M Shares 99,250 Share Price $54.60 Est. Cost/Share $38.75 Unrealized @ Report Date +40.9%

PHIN PHINIA Inc 3.5%

Value $5.143M Shares 169,800 Share Price $30.29 * Est. Cost/Share $26.06 Unrealized @ Report Date +11.2%

BHF Brighthouse Financial Inc 3.3%

Value $4.9M Shares 92,600 Share Price $52.92 Est. Cost/Share $41.08 Unrealized @ Report Date +28.8%

— Vista Outdoor Inc 3.3%

Value $4.807M Shares 162,550 Share Price $29.57 Est. Cost/Share $14.79 Unrealized @ Report Date —

VCTR Victory Capital Hldgs Inc 3.0%

Value $4.45M Shares 129,200 Share Price $34.44 * Est. Cost/Share $28.33 Unrealized @ Report Date +14.5%

CNO CNO Financial Group Inc 3.0%

Value $4.412M Shares 158,150 Share Price $27.90 * Est. Cost/Share $14.32 Unrealized @ Report Date +87.6%

IART Integra LifeSciences Hldgs Cor 2.9%

Value $4.357M Shares 100,050 Share Price $43.55 Est. Cost/Share $42.07 Unrealized @ Report Date +3.5%

CNX CNX Resources Corp 2.9%

Value $4.249M Shares 212,450 Share Price $20.00 Est. Cost/Share $13.56 Unrealized @ Report Date +47.5%

NATL NCR Atleos Corp 2.7%

Value $3.977M Shares 163,750 Share Price $24.29 Est. Cost/Share $22.89 Unrealized @ Report Date +6.1%

CCRN Cross Country Healthcare Inc 2.6%

Value $3.86M Shares 170,500 Share Price $22.64 Est. Cost/Share $25.16 Unrealized @ Report Date -10.0%

— Perficient Inc 2.5%

Value $3.699M Shares 56,200 Share Price $65.82 Est. Cost/Share $71.00 Unrealized @ Report Date —

BANR Banner Corp 2.4%

Value $3.543M Shares 66,150 Share Price $53.56 * Est. Cost/Share $43.96 Unrealized @ Report Date +12.8%

KSS Kohl's Corp 2.4%

Value $3.51M Shares 122,400 Share Price $28.68 Est. Cost/Share $29.17 Unrealized @ Report Date -1.7%

AVNS Avanos Medical Inc 2.2%

Value $3.265M Shares 145,550 Share Price $22.43 Est. Cost/Share $20.64 Unrealized @ Report Date +8.7%

ADEA Adeia Inc 2.2%

Value $3.225M Shares 260,313 Share Price $12.39 * Est. Cost/Share $9.62 Unrealized @ Report Date +24.8%

LPRO Open Lending Corp 2.2%

Value $3.191M Shares 375,000 Share Price $8.51 Est. Cost/Share $7.79 Unrealized @ Report Date +9.3%

DRVN Driven Brands Hldgs Inc 2.1%

Value $3.067M Shares 215,100 Share Price $14.26 Est. Cost/Share $12.47 Unrealized @ Report Date +14.4%

SAIC Science App Intl Corp 2.0%

Value $2.99M Shares 24,050 Share Price $124.32 Est. Cost/Share $93.10 Unrealized @ Report Date +33.5%

VTS Vitesse Energy Inc 2.0%

Value $2.941M Shares 134,350 Share Price $21.89 Est. Cost/Share $17.24 Unrealized @ Report Date +26.9%

— SP Plus Corp 2.0%

Value $2.896M Shares 56,500 Share Price $51.26 Est. Cost/Share $39.12 Unrealized @ Report Date —

SMP Standard Motor Prod Inc 1.8%

Value $2.663M Shares 66,900 Share Price $39.81 Est. Cost/Share $39.81 Unrealized @ Report Date +0.0%

DIN Dine Brands Global Inc 1.8%

Value $2.654M Shares 53,450 Share Price $49.65 * Est. Cost/Share $60.07 Unrealized @ Report Date -27.1%

SBSI Southside Bancshares Inc 1.5%

Value $2.199M Shares 70,200 Share Price $31.32 Est. Cost/Share $36.47 Unrealized @ Report Date -14.1%

— HireRight Hldgs Corp 1.5%

Value $2.18M Shares 162,050 Share Price $13.45 Est. Cost/Share $10.61 Unrealized @ Report Date —

— Daseke Inc 1.2%

Value $1.732M Shares 213,850 Share Price $8.10 Est. Cost/Share $5.69 Unrealized @ Report Date —

AAMI BrightSphere Inv Group Inc 0.8%

Value $1.222M Shares 63,781 Share Price $19.16 Est. Cost/Share $13.96 Unrealized @ Report Date +36.9%

CCSI Consensus Cloud Solns Inc 0.6%

Value $949K Shares 36,200 Share Price $26.22 Est. Cost/Share $49.71 Unrealized @ Report Date -47.3%

RLGT Radiant Logistics Inc 0.6%

Value $853K Shares 128,499 Share Price $6.64 Est. Cost/Share $4.13 Unrealized @ Report Date +60.7%

XPER Xperi Inc 0.6%

Value $814K Shares 73,821 Share Price $11.03 Est. Cost/Share $23.33 Unrealized @ Report Date -52.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CVSA	Adtalem Global Educ Inc	137,000	$8.076M	5.5%	$58.95	$31.51	+87.1%	COM	00737L103
TPH	Tri Pointe Homes Inc	224,650	$7.953M	5.4%	$35.40	$19.25	+83.9%	COM	87265H109
CRC	California Resources Corp	139,300	$7.617M	5.2%	$54.68 *	$29.31	+75.5%	COM	13057Q305
ROCK	Gibraltar Industries Inc	90,250	$7.128M	4.8%	$78.98	$42.65	+85.2%	COM	374689107
THC	Tenet Healthcare Corp	90,600	$6.847M	4.6%	$75.57	$46.22	+63.5%	COM	88033G407
DTM	DT Midstream Inc	107,575	$5.895M	4.0%	$54.80 *	$36.72	+39.0%	COM	23345M107
RDN	Radian Group Inc	199,400	$5.693M	3.9%	$28.55 *	$20.20	+33.0%	COM	750236101
—	The ODP Corp	96,300	$5.422M	3.7%	$56.30	$48.01	—	COM	88337F105
AX	Axos Financial Inc	99,250	$5.419M	3.7%	$54.60	$38.75	+40.9%	COM	05465C100
PHIN	PHINIA Inc	169,800	$5.143M	3.5%	$30.29 *	$26.06	+11.2%	COM	71880K101
BHF	Brighthouse Financial Inc	92,600	$4.9M	3.3%	$52.92	$41.08	+28.8%	COM	10922N103
—	Vista Outdoor Inc	162,550	$4.807M	3.3%	$29.57	$14.79	—	COM	928377100
VCTR	Victory Capital Hldgs Inc	129,200	$4.45M	3.0%	$34.44 *	$28.33	+14.5%	COM	92645B103
CNO	CNO Financial Group Inc	158,150	$4.412M	3.0%	$27.90 *	$14.32	+87.6%	COM	12621E103
IART	Integra LifeSciences Hldgs Cor	100,050	$4.357M	2.9%	$43.55	$42.07	+3.5%	COM	457985208
CNX	CNX Resources Corp	212,450	$4.249M	2.9%	$20.00	$13.56	+47.5%	COM	12653C108
NATL	NCR Atleos Corp	163,750	$3.977M	2.7%	$24.29	$22.89	+6.1%	COM	63001N106
CCRN	Cross Country Healthcare Inc	170,500	$3.86M	2.6%	$22.64	$25.16	-10.0%	COM	227483104
—	Perficient Inc	56,200	$3.699M	2.5%	$65.82	$71.00	—	COM	71375U101
BANR	Banner Corp	66,150	$3.543M	2.4%	$53.56 *	$43.96	+12.8%	COM	06652V208
KSS	Kohl's Corp	122,400	$3.51M	2.4%	$28.68	$29.17	-1.7%	COM	500255104
AVNS	Avanos Medical Inc	145,550	$3.265M	2.2%	$22.43	$20.64	+8.7%	COM	05350V106
ADEA	Adeia Inc	260,313	$3.225M	2.2%	$12.39 *	$9.62	+24.8%	COM	00676P107
LPRO	Open Lending Corp	375,000	$3.191M	2.2%	$8.51	$7.79	+9.3%	COM	68373J104
DRVN	Driven Brands Hldgs Inc	215,100	$3.067M	2.1%	$14.26	$12.47	+14.4%	COM	26210V102
SAIC	Science App Intl Corp	24,050	$2.99M	2.0%	$124.32	$93.10	+33.5%	COM	808625107
VTS	Vitesse Energy Inc	134,350	$2.941M	2.0%	$21.89	$17.24	+26.9%	COM	92852X103
—	SP Plus Corp	56,500	$2.896M	2.0%	$51.26	$39.12	—	COM	78469C103
SMP	Standard Motor Prod Inc	66,900	$2.663M	1.8%	$39.81	$39.81	+0.0%	COM	853666105
DIN	Dine Brands Global Inc	53,450	$2.654M	1.8%	$49.65 *	$60.07	-27.1%	COM	254423106
SBSI	Southside Bancshares Inc	70,200	$2.199M	1.5%	$31.32	$36.47	-14.1%	COM	84470P109
—	HireRight Hldgs Corp	162,050	$2.18M	1.5%	$13.45	$10.61	—	COM	433537107
—	Daseke Inc	213,850	$1.732M	1.2%	$8.10	$5.69	—	COM	23753F107
AAMI	BrightSphere Inv Group Inc	63,781	$1.222M	0.8%	$19.16	$13.96	+36.9%	COM	10948W103
CCSI	Consensus Cloud Solns Inc	36,200	$949K	0.6%	$26.22	$49.71	-47.3%	COM	20848V105
RLGT	Radiant Logistics Inc	128,499	$853K	0.6%	$6.64	$4.13	+60.7%	COM	75025X100
XPER	Xperi Inc	73,821	$814K	0.6%	$11.03	$23.33	-52.8%	COM	98423J101