KESTREL INVESTMENT MANAGEMENT CORP Diversified Active

Location: San Mateo, CA

CIK: 0000917579 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 2, 2024

Total Value: $150M (100.0% shares, 0.0% debt)

Holdings (37)

THC Tenet Healthcare Corp 6.3%

Value $9.46M Shares 90,000 Share Price $105.11 Est. Cost/Share $46.22 Unrealized @ Report Date +127.4%

TPH Tri Pointe Homes Inc 5.8%

Value $8.639M Shares 223,450 Share Price $38.66 Est. Cost/Share $19.25 Unrealized @ Report Date +100.8%

CRC California Resources Corp 5.1%

Value $7.62M Shares 138,300 Share Price $55.10 * Est. Cost/Share $29.31 Unrealized @ Report Date +77.9%

ROCK Gibraltar Industries Inc 4.8%

Value $7.228M Shares 89,750 Share Price $80.53 Est. Cost/Share $42.65 Unrealized @ Report Date +88.8%

CVSA Adtalem Global Educ Inc 4.7%

Value $6.99M Shares 136,000 Share Price $51.40 Est. Cost/Share $31.51 Unrealized @ Report Date +63.1%

RDN Radian Group Inc 4.4%

Value $6.627M Shares 198,000 Share Price $33.47 * Est. Cost/Share $20.20 Unrealized @ Report Date +57.4%

DTM DT Midstream Inc 4.4%

Value $6.536M Shares 106,975 Share Price $61.10 * Est. Cost/Share $36.72 Unrealized @ Report Date +56.9%

PHIN PHINIA Inc 4.3%

Value $6.479M Shares 168,600 Share Price $38.43 * Est. Cost/Share $26.06 Unrealized @ Report Date +42.1%

VCTR Victory Capital Hldgs Inc 3.6%

Value $5.448M Shares 128,400 Share Price $42.43 * Est. Cost/Share $28.33 Unrealized @ Report Date +42.3%

AX Axos Financial Inc 3.6%

Value $5.32M Shares 98,450 Share Price $54.04 Est. Cost/Share $38.75 Unrealized @ Report Date +39.5%

— Vista Outdoor Inc 3.5%

Value $5.286M Shares 161,250 Share Price $32.78 Est. Cost/Share $14.79 Unrealized @ Report Date —

— The ODP Corp 3.4%

Value $5.066M Shares 95,500 Share Price $53.05 Est. Cost/Share $48.01 Unrealized @ Report Date —

CNX CNX Resources Corp 3.3%

Value $5.001M Shares 210,850 Share Price $23.72 Est. Cost/Share $13.56 Unrealized @ Report Date +74.9%

BHF Brighthouse Financial Inc 3.2%

Value $4.737M Shares 91,900 Share Price $51.55 Est. Cost/Share $41.08 Unrealized @ Report Date +25.5%

XHR Xenia Hotels and Resorts 3.1%

Value $4.586M Shares 305,550 Share Price $15.01 Est. Cost/Share $15.01 Unrealized @ Report Date —

CNO CNO Financial Group Inc 2.9%

Value $4.318M Shares 157,150 Share Price $27.48 * Est. Cost/Share $14.32 Unrealized @ Report Date +85.8%

IART Integra LifeSciences Hldgs Cor 2.4%

Value $3.522M Shares 99,350 Share Price $35.45 Est. Cost/Share $42.07 Unrealized @ Report Date -15.7%

DRVN Driven Brands Hldgs Inc 2.3%

Value $3.373M Shares 213,600 Share Price $15.79 Est. Cost/Share $12.47 Unrealized @ Report Date +26.6%

NATL NCR Atleos Corp 2.1%

Value $3.21M Shares 162,550 Share Price $19.75 Est. Cost/Share $22.89 Unrealized @ Report Date -13.7%

BBT Berkshire Hills Bancorp Inc 2.1%

Value $3.189M Shares 139,150 Share Price $22.92 * Est. Cost/Share $21.31 Unrealized @ Report Date +0.9%

CCRN Cross Country Healthcare Inc 2.1%

Value $3.171M Shares 169,400 Share Price $18.72 Est. Cost/Share $25.16 Unrealized @ Report Date -25.6%

PFBC Preferred Bank 2.1%

Value $3.167M Shares 41,250 Share Price $76.78 Est. Cost/Share $72.32 Unrealized @ Report Date +6.2%

VTS Vitesse Energy Inc 2.1%

Value $3.162M Shares 133,250 Share Price $23.73 Est. Cost/Share $17.24 Unrealized @ Report Date +37.6%

— Perficient Inc 2.1%

Value $3.141M Shares 55,800 Share Price $56.29 Est. Cost/Share $71.00 Unrealized @ Report Date —

SAIC Science App Intl Corp 2.1%

Value $3.11M Shares 23,850 Share Price $130.40 Est. Cost/Share $93.10 Unrealized @ Report Date +40.1%

— SP Plus Corp 2.0%

Value $2.95M Shares 56,500 Share Price $52.21 Est. Cost/Share $39.12 Unrealized @ Report Date —

AVNS Avanos Medical Inc 1.9%

Value $2.876M Shares 144,450 Share Price $19.91 Est. Cost/Share $20.64 Unrealized @ Report Date -3.6%

ADEA Adeia Inc 1.9%

Value $2.823M Shares 258,513 Share Price $10.92 * Est. Cost/Share $9.62 Unrealized @ Report Date +10.5%

DIN Dine Brands Global Inc 1.7%

Value $2.475M Shares 53,250 Share Price $46.48 * Est. Cost/Share $60.07 Unrealized @ Report Date -31.0%

— HireRight Hldgs Corp 1.5%

Value $2.298M Shares 161,050 Share Price $14.27 Est. Cost/Share $10.61 Unrealized @ Report Date —

SBSI Southside Bancshares Inc 1.4%

Value $2.034M Shares 69,600 Share Price $29.22 Est. Cost/Share $36.47 Unrealized @ Report Date -19.9%

— Daseke Inc 1.2%

Value $1.764M Shares 212,550 Share Price $8.30 Est. Cost/Share $5.69 Unrealized @ Report Date —

AAMI BrightSphere Inv Group Inc 1.0%

Value $1.448M Shares 63,381 Share Price $22.85 Est. Cost/Share $13.96 Unrealized @ Report Date +63.2%

XPER Xperi Inc 0.6%

Value $884K Shares 73,321 Share Price $12.06 Est. Cost/Share $23.33 Unrealized @ Report Date -48.3%

RLGT Radiant Logistics Inc 0.5%

Value $693K Shares 127,799 Share Price $5.42 Est. Cost/Share $4.13 Unrealized @ Report Date +31.2%

CCSI Consensus Cloud Solns Inc 0.4%

Value $573K Shares 36,100 Share Price $15.87 Est. Cost/Share $49.71 Unrealized @ Report Date -68.1%

LPRO Open Lending Corp 0.4%

Value $563K Shares 90,000 Share Price $6.26 Est. Cost/Share $7.79 Unrealized @ Report Date -19.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
THC	Tenet Healthcare Corp	90,000	$9.46M	6.3%	$105.11	$46.22	+127.4%	COM	88033G407
TPH	Tri Pointe Homes Inc	223,450	$8.639M	5.8%	$38.66	$19.25	+100.8%	COM	87265H109
CRC	California Resources Corp	138,300	$7.62M	5.1%	$55.10 *	$29.31	+77.9%	COM	13057Q305
ROCK	Gibraltar Industries Inc	89,750	$7.228M	4.8%	$80.53	$42.65	+88.8%	COM	374689107
CVSA	Adtalem Global Educ Inc	136,000	$6.99M	4.7%	$51.40	$31.51	+63.1%	COM	00737L103
RDN	Radian Group Inc	198,000	$6.627M	4.4%	$33.47 *	$20.20	+57.4%	COM	750236101
DTM	DT Midstream Inc	106,975	$6.536M	4.4%	$61.10 *	$36.72	+56.9%	COM	23345M107
PHIN	PHINIA Inc	168,600	$6.479M	4.3%	$38.43 *	$26.06	+42.1%	COM	71880K101
VCTR	Victory Capital Hldgs Inc	128,400	$5.448M	3.6%	$42.43 *	$28.33	+42.3%	COM	92645B103
AX	Axos Financial Inc	98,450	$5.32M	3.6%	$54.04	$38.75	+39.5%	COM	05465C100
—	Vista Outdoor Inc	161,250	$5.286M	3.5%	$32.78	$14.79	—	COM	928377100
—	The ODP Corp	95,500	$5.066M	3.4%	$53.05	$48.01	—	COM	88337F105
CNX	CNX Resources Corp	210,850	$5.001M	3.3%	$23.72	$13.56	+74.9%	COM	12653C108
BHF	Brighthouse Financial Inc	91,900	$4.737M	3.2%	$51.55	$41.08	+25.5%	COM	10922N103
XHR	Xenia Hotels and Resorts	305,550	$4.586M	3.1%	$15.01	$15.01	—	COM	984017103
CNO	CNO Financial Group Inc	157,150	$4.318M	2.9%	$27.48 *	$14.32	+85.8%	COM	12621E103
IART	Integra LifeSciences Hldgs Cor	99,350	$3.522M	2.4%	$35.45	$42.07	-15.7%	COM	457985208
DRVN	Driven Brands Hldgs Inc	213,600	$3.373M	2.3%	$15.79	$12.47	+26.6%	COM	26210V102
NATL	NCR Atleos Corp	162,550	$3.21M	2.1%	$19.75	$22.89	-13.7%	COM	63001N106
BBT	Berkshire Hills Bancorp Inc	139,150	$3.189M	2.1%	$22.92 *	$21.31	+0.9%	COM	084680107
CCRN	Cross Country Healthcare Inc	169,400	$3.171M	2.1%	$18.72	$25.16	-25.6%	COM	227483104
PFBC	Preferred Bank	41,250	$3.167M	2.1%	$76.78	$72.32	+6.2%	COM	740367404
VTS	Vitesse Energy Inc	133,250	$3.162M	2.1%	$23.73	$17.24	+37.6%	COM	92852X103
—	Perficient Inc	55,800	$3.141M	2.1%	$56.29	$71.00	—	COM	71375U101
SAIC	Science App Intl Corp	23,850	$3.11M	2.1%	$130.40	$93.10	+40.1%	COM	808625107
—	SP Plus Corp	56,500	$2.95M	2.0%	$52.21	$39.12	—	COM	78469C103
AVNS	Avanos Medical Inc	144,450	$2.876M	1.9%	$19.91	$20.64	-3.6%	COM	05350V106
ADEA	Adeia Inc	258,513	$2.823M	1.9%	$10.92 *	$9.62	+10.5%	COM	00676P107
DIN	Dine Brands Global Inc	53,250	$2.475M	1.7%	$46.48 *	$60.07	-31.0%	COM	254423106
—	HireRight Hldgs Corp	161,050	$2.298M	1.5%	$14.27	$10.61	—	COM	433537107
SBSI	Southside Bancshares Inc	69,600	$2.034M	1.4%	$29.22	$36.47	-19.9%	COM	84470P109
—	Daseke Inc	212,550	$1.764M	1.2%	$8.30	$5.69	—	COM	23753F107
AAMI	BrightSphere Inv Group Inc	63,381	$1.448M	1.0%	$22.85	$13.96	+63.2%	COM	10948W103
XPER	Xperi Inc	73,321	$884K	0.6%	$12.06	$23.33	-48.3%	COM	98423J101
RLGT	Radiant Logistics Inc	127,799	$693K	0.5%	$5.42	$4.13	+31.2%	COM	75025X100
CCSI	Consensus Cloud Solns Inc	36,100	$573K	0.4%	$15.87	$49.71	-68.1%	COM	20848V105
LPRO	Open Lending Corp	90,000	$563K	0.4%	$6.26	$7.79	-19.6%	COM	68373J104