KESTREL INVESTMENT MANAGEMENT CORP Diversified Active

Location: San Mateo, CA

CIK: 0000917579 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 5, 2026

Total Value: $167M (100.0% shares, 0.0% debt)

Holdings (39)

PHIN PHINIA Inc 6.7%

Value $11.2M Shares 163,600 Est. Cost $27.10 Unrealized +164.3%

TPH Tri Pointe Homes Inc 6.1%

Value $10.28M Shares 220,050 Est. Cost $20.89 Unrealized +77.9%

PLAB Photronics Inc 4.8%

Value $8.1M Shares 200,450 Est. Cost $24.48 Unrealized +46.7%

AX Axos Financial Inc 4.8%

Value $8.096M Shares 95,150 Est. Cost $40.20 Unrealized +135.4%

NATL NCR Atleos Corp 4.1%

Value $6.836M Shares 156,850 Est. Cost $23.22 Unrealized +70.0%

ITGR Integer Holdings Corp 3.9%

Value $6.613M Shares 75,150 Est. Cost $79.69 Unrealized +6.7%

CNO CNO Financial Group Inc 3.8%

Value $6.292M Shares 153,250 Est. Cost $15.35 Unrealized +176.1%

VTOL Bristow Group Inc 3.6%

Value $6.082M Shares 129,700 Est. Cost $36.69 Unrealized +17.8%

HAE Haemonetics Corp 3.3%

Value $5.489M Shares 97,400 Est. Cost $61.90 Unrealized +10.2%

CVSA Covista Inc 3.3%

Value $5.451M Shares 47,300 Est. Cost $34.13 Unrealized +214.9%

BHF Brighthouse Financial Inc 3.2%

Value $5.413M Shares 90,400 Est. Cost $41.35 Unrealized +54.5%

TRS TriMas Corp 3.2%

Value $5.375M Shares 149,550 Est. Cost $35.52 Unrealized 0.0%

ECVT Ecovyst Inc 3.1%

Value $5.213M Shares 405,400 Est. Cost $8.73 Unrealized +25.7%

THC Tenet Healthcare Corp 3.1%

Value $5.128M Shares 27,175 Est. Cost $46.22 Unrealized +346.2%

QCRH QCR Holdings Inc 2.8%

Value $4.755M Shares 55,650 Est. Cost $78.66 Unrealized +13.1%

UPWK Upwork Inc 2.8%

Value $4.746M Shares 433,000 Est. Cost $10.43 Unrealized +71.9%

XHR Xenia Hotels and Resorts 2.6%

Value $4.37M Shares 294,650 Est. Cost $14.99 Unrealized —

ATKR Atkore Inc 2.6%

Value $4.368M Shares 74,150 Est. Cost $69.79 Unrealized -2.5%

NSIT Insight Enterprises Inc 2.6%

Value $4.272M Shares 63,750 Est. Cost $84.55 Unrealized 0.0%

PBH Prestige Consumer Healthcare I 2.5%

Value $4.152M Shares 70,050 Est. Cost $69.35 Unrealized -5.2%

SMPL The Simply Good Foods Co 2.2%

Value $3.703M Shares 258,050 Est. Cost $19.76 Unrealized -5.9%

PFBC Preferred Bank 2.2%

Value $3.605M Shares 39,750 Est. Cost $72.70 Unrealized +25.8%

AAMI Acadian Asset Management Inc 2.0%

Value $3.395M Shares 62,381 Est. Cost $14.68 Unrealized +259.7%

GTM ZoomInfo Technologies Inc 2.0%

Value $3.272M Shares 547,100 Est. Cost $9.25 Unrealized -12.2%

KOP Koppers Holdings Inc 1.9%

Value $3.228M Shares 83,450 Est. Cost $29.79 Unrealized +3.7%

MATW Matthews International Corp 1.8%

Value $2.993M Shares 115,900 Est. Cost $20.32 Unrealized +30.8%

CNXC Concentrix Corp 1.6%

Value $2.674M Shares 97,750 Est. Cost $46.42 Unrealized -18.2%

EXLS ExlService Holdings Inc 1.6%

Value $2.634M Shares 86,500 Est. Cost $36.64 Unrealized 0.0%

CARS Cars.com Inc 1.5%

Value $2.483M Shares 305,750 Est. Cost $11.63 Unrealized -0.8%

SMG The Scotts Miracle-Gro Co 1.4%

Value $2.39M Shares 39,300 Est. Cost $64.30 Unrealized 0.0%

BLKB Blackbaud Inc 1.4%

Value $2.357M Shares 61,050 Est. Cost $77.18 Unrealized -30.9%

SBSI Southside Bancshares Inc 1.3%

Value $2.145M Shares 69,000 Est. Cost $36.15 Unrealized -10.5%

MTUS Metallus Inc 1.3%

Value $2.124M Shares 130,000 Est. Cost $21.64 Unrealized -8.9%

SAIC Science App Intl Corp 1.3%

Value $2.102M Shares 22,150 Est. Cost $93.10 Unrealized +7.5%

AVNS Avanos Medical Inc 1.2%

Value $1.959M Shares 139,850 Est. Cost $20.77 Unrealized -35.7%

CCRN Cross Country Healthcare Inc 0.9%

Value $1.571M Shares 167,100 Est. Cost $24.42 Unrealized -64.5%

HDSN Hudson Technologies Inc 0.7%

Value $1.18M Shares 200,750 Est. Cost $8.27 Unrealized -12.2%

RLGT Radiant Logistics Inc 0.5%

Value $901K Shares 127,799 Est. Cost $4.29 Unrealized +62.5%

FORR Forrester Research Inc 0.3%

Value $518K Shares 91,500 Est. Cost $18.24 Unrealized -60.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PHIN	PHINIA Inc	163,600	$11.2M	6.7%	$27.10	+164.3%	COM	71880K101
TPH	Tri Pointe Homes Inc	220,050	$10.28M	6.1%	$20.89	+77.9%	COM	87265H109
PLAB	Photronics Inc	200,450	$8.1M	4.8%	$24.48	+46.7%	COM	719405102
AX	Axos Financial Inc	95,150	$8.096M	4.8%	$40.20	+135.4%	COM	05465C100
NATL	NCR Atleos Corp	156,850	$6.836M	4.1%	$23.22	+70.0%	COM	63001N106
ITGR	Integer Holdings Corp	75,150	$6.613M	3.9%	$79.69	+6.7%	COM	45826H109
CNO	CNO Financial Group Inc	153,250	$6.292M	3.8%	$15.35	+176.1%	COM	12621E103
VTOL	Bristow Group Inc	129,700	$6.082M	3.6%	$36.69	+17.8%	COM	11040G103
HAE	Haemonetics Corp	97,400	$5.489M	3.3%	$61.90	+10.2%	COM	405024100
CVSA	Covista Inc	47,300	$5.451M	3.3%	$34.13	+214.9%	COM	00737L103
BHF	Brighthouse Financial Inc	90,400	$5.413M	3.2%	$41.35	+54.5%	COM	10922N103
TRS	TriMas Corp	149,550	$5.375M	3.2%	$35.52	0.0%	COM	896215209
ECVT	Ecovyst Inc	405,400	$5.213M	3.1%	$8.73	+25.7%	COM	27923Q109
THC	Tenet Healthcare Corp	27,175	$5.128M	3.1%	$46.22	+346.2%	COM	88033G407
QCRH	QCR Holdings Inc	55,650	$4.755M	2.8%	$78.66	+13.1%	COM	74727A104
UPWK	Upwork Inc	433,000	$4.746M	2.8%	$10.43	+71.9%	COM	91688F104
XHR	Xenia Hotels and Resorts	294,650	$4.37M	2.6%	$14.99	—	COM	984017103
ATKR	Atkore Inc	74,150	$4.368M	2.6%	$69.79	-2.5%	COM	047649108
NSIT	Insight Enterprises Inc	63,750	$4.272M	2.6%	$84.55	0.0%	COM	45765U103
PBH	Prestige Consumer Healthcare I	70,050	$4.152M	2.5%	$69.35	-5.2%	COM	74112D101
SMPL	The Simply Good Foods Co	258,050	$3.703M	2.2%	$19.76	-5.9%	COM	82900L102
PFBC	Preferred Bank	39,750	$3.605M	2.2%	$72.70	+25.8%	COM	740367404
AAMI	Acadian Asset Management Inc	62,381	$3.395M	2.0%	$14.68	+259.7%	COM	10948W103
GTM	ZoomInfo Technologies Inc	547,100	$3.272M	2.0%	$9.25	-12.2%	COM	98980F104
KOP	Koppers Holdings Inc	83,450	$3.228M	1.9%	$29.79	+3.7%	COM	50060P106
MATW	Matthews International Corp	115,900	$2.993M	1.8%	$20.32	+30.8%	COM	577128101
CNXC	Concentrix Corp	97,750	$2.674M	1.6%	$46.42	-18.2%	COM	20602D101
EXLS	ExlService Holdings Inc	86,500	$2.634M	1.6%	$36.64	0.0%	COM	302081104
CARS	Cars.com Inc	305,750	$2.483M	1.5%	$11.63	-0.8%	COM	14575E105
SMG	The Scotts Miracle-Gro Co	39,300	$2.39M	1.4%	$64.30	0.0%	COM	810186106
BLKB	Blackbaud Inc	61,050	$2.357M	1.4%	$77.18	-30.9%	COM	09227Q100
SBSI	Southside Bancshares Inc	69,000	$2.145M	1.3%	$36.15	-10.5%	COM	84470P109
MTUS	Metallus Inc	130,000	$2.124M	1.3%	$21.64	-8.9%	COM	887399103
SAIC	Science App Intl Corp	22,150	$2.102M	1.3%	$93.10	+7.5%	COM	808625107
AVNS	Avanos Medical Inc	139,850	$1.959M	1.2%	$20.77	-35.7%	COM	05350V106
CCRN	Cross Country Healthcare Inc	167,100	$1.571M	0.9%	$24.42	-64.5%	COM	227483104
HDSN	Hudson Technologies Inc	200,750	$1.18M	0.7%	$8.27	-12.2%	COM	444144109
RLGT	Radiant Logistics Inc	127,799	$901K	0.5%	$4.29	+62.5%	COM	75025X100
FORR	Forrester Research Inc	91,500	$518K	0.3%	$18.24	-60.0%	COM	346563109