KESTREL INVESTMENT MANAGEMENT CORP Diversified Active

Location: San Mateo, CA

CIK: 0000917579 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 3, 2026

Total Value: $176M

Holdings (40)

PHIN PHINIA Inc 5.9%

Value $10.37M Shares 165,400 Est. Cost $27.10 Unrealized +103.4%

UPWK Upwork Inc 4.9%

Value $8.631M Shares 435,500 Est. Cost $10.43 Unrealized +75.8%

AX Axos Financial Inc 4.7%

Value $8.284M Shares 96,150 Est. Cost $40.20 Unrealized +104.9%

HAE Haemonetics Corp 4.5%

Value $7.862M Shares 98,100 Est. Cost $61.90 Unrealized +8.5%

TPH Tri Pointe Homes Inc 4.0%

Value $6.972M Shares 221,550 Est. Cost $20.89 Unrealized +55.6%

RDN Radian Group Inc 3.9%

Value $6.94M Shares 192,800 Est. Cost $20.90 Unrealized +66.4%

CNO CNO Financial Group Inc 3.7%

Value $6.55M Shares 154,250 Est. Cost $15.35 Unrealized +164.5%

PLAB Photronics Inc 3.7%

Value $6.46M Shares 201,850 Est. Cost $24.48 Unrealized +5.4%

NATL NCR Atleos Corp 3.4%

Value $6.028M Shares 158,150 Est. Cost $23.22 Unrealized +61.5%

ITGR Integer Holdings Corp 3.4%

Value $5.933M Shares 75,650 Est. Cost $79.69 Unrealized 0.0%

BHF Brighthouse Financial Inc 3.3%

Value $5.908M Shares 91,200 Est. Cost $41.35 Unrealized +42.1%

GTM ZoomInfo Technologies Inc 3.2%

Value $5.61M Shares 551,600 Est. Cost $9.25 Unrealized +11.3%

CXW CoreCivic Inc 3.2%

Value $5.601M Shares 293,100 Est. Cost $18.32 Unrealized 0.0%

THC Tenet Healthcare Corp 3.1%

Value $5.46M Shares 27,475 Est. Cost $46.22 Unrealized +337.2%

CVSA Adtalem Global Educ Inc 2.8%

Value $4.925M Shares 47,600 Est. Cost $34.13 Unrealized +235.5%

VTOL Bristow Group Inc 2.7%

Value $4.779M Shares 130,500 Est. Cost $36.69 Unrealized +2.6%

ATKR Atkore Inc 2.7%

Value $4.722M Shares 74,650 Est. Cost $69.79 Unrealized -7.3%

QCRH QCR Holdings Inc 2.6%

Value $4.636M Shares 55,650 Est. Cost $78.66 Unrealized 0.0%

PBH Prestige Consumer Healthcare I 2.5%

Value $4.347M Shares 70,450 Est. Cost $69.35 Unrealized -11.7%

XHR Xenia Hotels and Resorts 2.4%

Value $4.2M Shares 297,050 Est. Cost $14.99 Unrealized —

CNXC Concentrix Corp 2.3%

Value $4.093M Shares 98,450 Est. Cost $46.42 Unrealized -13.6%

ECVT Ecovyst Inc 2.2%

Value $3.965M Shares 407,600 Est. Cost $8.73 Unrealized 0.0%

BLKB Blackbaud Inc 2.2%

Value $3.898M Shares 61,550 Est. Cost $77.18 Unrealized -19.9%

PFBC Preferred Bank 2.1%

Value $3.781M Shares 40,050 Est. Cost $72.70 Unrealized +28.2%

CARS Cars.com Inc 2.1%

Value $3.752M Shares 307,550 Est. Cost $11.63 Unrealized 0.0%

— TreeHouse Foods Inc 2.1%

Value $3.75M Shares 158,950 Est. Cost $35.13 Unrealized —

OCFC OceanFirst Financial Corp 2.0%

Value $3.537M Shares 197,050 Est. Cost $17.40 Unrealized +5.8%

MATW Matthews International Corp 1.7%

Value $3.028M Shares 115,900 Est. Cost $20.32 Unrealized +18.9%

AAMI Acadian Asset Management Inc 1.7%

Value $2.97M Shares 63,181 Est. Cost $14.68 Unrealized +213.9%

SMPL The Simply Good Foods Co 1.5%

Value $2.722M Shares 135,575 Est. Cost $20.81 Unrealized 0.0%

KOP Koppers Holdings Inc 1.3%

Value $2.268M Shares 83,750 Est. Cost $29.79 Unrealized -6.3%

MTUS Metallus Inc 1.3%

Value $2.251M Shares 131,200 Est. Cost $21.64 Unrealized -20.8%

SAIC Science App Intl Corp 1.3%

Value $2.23M Shares 22,150 Est. Cost $93.10 Unrealized +2.6%

SBSI Southside Bancshares Inc 1.2%

Value $2.113M Shares 69,500 Est. Cost $36.15 Unrealized -19.0%

RNGR Ranger Energy Srvcs Inc 1.1%

Value $1.952M Shares 139,600 Est. Cost $10.57 Unrealized +28.5%

AVNS Avanos Medical Inc 0.9%

Value $1.583M Shares 141,050 Est. Cost $20.77 Unrealized -44.9%

HDSN Hudson Technologies Inc 0.8%

Value $1.381M Shares 201,750 Est. Cost $8.27 Unrealized -4.7%

CCRN Cross Country Healthcare Inc 0.8%

Value $1.365M Shares 168,600 Est. Cost $24.42 Unrealized -55.2%

RLGT Radiant Logistics Inc 0.5%

Value $809K Shares 127,799 Est. Cost $4.29 Unrealized +44.5%

FORR Forrester Research Inc 0.4%

Value $743K Shares 91,500 Est. Cost $18.24 Unrealized -56.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PHIN	PHINIA Inc	165,400	$10.37M	5.9%	$27.10	+103.4%	—	71880K101
UPWK	Upwork Inc	435,500	$8.631M	4.9%	$10.43	+75.8%	—	91688F104
AX	Axos Financial Inc	96,150	$8.284M	4.7%	$40.20	+104.9%	—	05465C100
HAE	Haemonetics Corp	98,100	$7.862M	4.5%	$61.90	+8.5%	—	405024100
TPH	Tri Pointe Homes Inc	221,550	$6.972M	4.0%	$20.89	+55.6%	—	87265H109
RDN	Radian Group Inc	192,800	$6.94M	3.9%	$20.90	+66.4%	—	750236101
CNO	CNO Financial Group Inc	154,250	$6.55M	3.7%	$15.35	+164.5%	—	12621E103
PLAB	Photronics Inc	201,850	$6.46M	3.7%	$24.48	+5.4%	—	719405102
NATL	NCR Atleos Corp	158,150	$6.028M	3.4%	$23.22	+61.5%	—	63001N106
ITGR	Integer Holdings Corp	75,650	$5.933M	3.4%	$79.69	0.0%	—	45826H109
BHF	Brighthouse Financial Inc	91,200	$5.908M	3.3%	$41.35	+42.1%	—	10922N103
GTM	ZoomInfo Technologies Inc	551,600	$5.61M	3.2%	$9.25	+11.3%	—	98980F104
CXW	CoreCivic Inc	293,100	$5.601M	3.2%	$18.32	0.0%	—	21871N101
THC	Tenet Healthcare Corp	27,475	$5.46M	3.1%	$46.22	+337.2%	—	88033G407
CVSA	Adtalem Global Educ Inc	47,600	$4.925M	2.8%	$34.13	+235.5%	—	00737L103
VTOL	Bristow Group Inc	130,500	$4.779M	2.7%	$36.69	+2.6%	—	11040G103
ATKR	Atkore Inc	74,650	$4.722M	2.7%	$69.79	-7.3%	—	047649108
QCRH	QCR Holdings Inc	55,650	$4.636M	2.6%	$78.66	0.0%	—	74727A104
PBH	Prestige Consumer Healthcare I	70,450	$4.347M	2.5%	$69.35	-11.7%	—	74112D101
XHR	Xenia Hotels and Resorts	297,050	$4.2M	2.4%	$14.99	—	—	984017103
CNXC	Concentrix Corp	98,450	$4.093M	2.3%	$46.42	-13.6%	—	20602D101
ECVT	Ecovyst Inc	407,600	$3.965M	2.2%	$8.73	0.0%	—	27923Q109
BLKB	Blackbaud Inc	61,550	$3.898M	2.2%	$77.18	-19.9%	—	09227Q100
PFBC	Preferred Bank	40,050	$3.781M	2.1%	$72.70	+28.2%	—	740367404
CARS	Cars.com Inc	307,550	$3.752M	2.1%	$11.63	0.0%	—	14575E105
—	TreeHouse Foods Inc	158,950	$3.75M	2.1%	$35.13	—	—	89469A104
OCFC	OceanFirst Financial Corp	197,050	$3.537M	2.0%	$17.40	+5.8%	—	675234108
MATW	Matthews International Corp	115,900	$3.028M	1.7%	$20.32	+18.9%	—	577128101
AAMI	Acadian Asset Management Inc	63,181	$2.97M	1.7%	$14.68	+213.9%	—	10948W103
SMPL	The Simply Good Foods Co	135,575	$2.722M	1.5%	$20.81	0.0%	—	82900L102
KOP	Koppers Holdings Inc	83,750	$2.268M	1.3%	$29.79	-6.3%	—	50060P106
MTUS	Metallus Inc	131,200	$2.251M	1.3%	$21.64	-20.8%	—	887399103
SAIC	Science App Intl Corp	22,150	$2.23M	1.3%	$93.10	+2.6%	—	808625107
SBSI	Southside Bancshares Inc	69,500	$2.113M	1.2%	$36.15	-19.0%	—	84470P109
RNGR	Ranger Energy Srvcs Inc	139,600	$1.952M	1.1%	$10.57	+28.5%	—	75282U104
AVNS	Avanos Medical Inc	141,050	$1.583M	0.9%	$20.77	-44.9%	—	05350V106
HDSN	Hudson Technologies Inc	201,750	$1.381M	0.8%	$8.27	-4.7%	—	444144109
CCRN	Cross Country Healthcare Inc	168,600	$1.365M	0.8%	$24.42	-55.2%	—	227483104
RLGT	Radiant Logistics Inc	127,799	$809K	0.5%	$4.29	+44.5%	—	75025X100
FORR	Forrester Research Inc	91,500	$743K	0.4%	$18.24	-56.9%	—	346563109