KESTREL INVESTMENT MANAGEMENT CORP Diversified Active

CIK: 0000917579 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 3, 2026

Total Value ($000): $176 (100.0% shares, 0.0% debt)

Holdings (40)

New Positions (6)

ITGR Integer Holdings Corp 3.4%

Value ($000) $6 Shares 75,650 Est. Cost $79.69 Unrealized 0.0%

CXW CoreCivic Inc 3.2%

Value ($000) $6 Shares 293,100 Est. Cost $18.32 Unrealized 0.0%

QCRH QCR Holdings Inc 2.6%

Value ($000) $5 Shares 55,650 Est. Cost $78.66 Unrealized 0.0%

ECVT Ecovyst Inc 2.2%

Value ($000) $4 Shares 407,600 Est. Cost $8.73 Unrealized 0.0%

CARS Cars.com Inc 2.1%

Value ($000) $4 Shares 307,550 Est. Cost $11.63 Unrealized 0.0%

SMPL The Simply Good Foods Co 1.5%

Value ($000) $3 Shares 135,575 Est. Cost $20.81 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITGR	Integer Holdings Corp	75,650	$6	3.4%	$79.69	0.0%	COM	45826H109
CXW	CoreCivic Inc	293,100	$6	3.2%	$18.32	0.0%	COM	21871N101
QCRH	QCR Holdings Inc	55,650	$5	2.6%	$78.66	0.0%	COM	74727A104
ECVT	Ecovyst Inc	407,600	$4	2.2%	$8.73	0.0%	COM	27923Q109
CARS	Cars.com Inc	307,550	$4	2.1%	$11.63	0.0%	COM	14575E105
SMPL	The Simply Good Foods Co	135,575	$3	1.5%	$20.81	0.0%	COM	82900L102

Exited Positions (6)

— Premier Inc 4.0%

Value ($000) $7 Shares 255,350 Est. Cost $0.02 Unrealized —

MDU MDU Resources Group Inc 3.1%

Value ($000) $6 Shares 309,600 Est. Cost $16.91 Unrealized +15.7%

PGNY Progyny Inc 2.2%

Value ($000) $4 Shares 178,650 Est. Cost $29.72 Unrealized -22.6%

BBT Beacon Financial Corp 1.9%

Value ($000) $3 Shares 140,950 Est. Cost $21.51 Unrealized +15.9%

DRVN Driven Brands Hldgs Inc 1.8%

Value ($000) $3 Shares 200,200 Est. Cost $12.55 Unrealized +18.6%

EPC Edgewell Personal Care Co 1.4%

Value ($000) $2 Shares 122,200 Est. Cost $36.97 Unrealized -50.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Premier Inc	255,350	$7	4.0%	$0.02	—	—	74051N102
MDU	MDU Resources Group Inc	309,600	$6	3.1%	$16.91	+15.7%	—	552690109
PGNY	Progyny Inc	178,650	$4	2.2%	$29.72	-22.6%	—	74340E103
BBT	Beacon Financial Corp	140,950	$3	1.9%	$21.51	+15.9%	—	084680107
DRVN	Driven Brands Hldgs Inc	200,200	$3	1.8%	$12.55	+18.6%	—	26210V102
EPC	Edgewell Personal Care Co	122,200	$2	1.4%	$36.97	-50.3%	—	28035Q102

Decreased Positions (34)

HAE Haemonetics Corp 4.5%

Value ($000) $8 (+58.5%) Shares 98,100 (-3.6%) Est. Cost $61.90 Unrealized +8.5%

ATGE Adtalem Global Educ Inc 2.8%

Value ($000) $5 (-35.3%) Shares 47,600 (-3.4%) Est. Cost $34.13 Unrealized +235.5%

PLAB Photronics Inc 3.7%

Value ($000) $6 (+34.6%) Shares 201,850 (-3.5%) Est. Cost $24.48 Unrealized +5.4%

CCRN Cross Country Healthcare Inc 0.8%

Value ($000) $1 (-44.8%) Shares 168,600 (-3.3%) Est. Cost $24.42 Unrealized -55.2%

BHF Brighthouse Financial Inc 3.3%

Value ($000) $6 (+17.8%) Shares 91,200 (-3.5%) Est. Cost $41.35 Unrealized +42.1%

TPH Tri Pointe Homes Inc 4.0%

Value ($000) $7 (-10.6%) Shares 221,550 (-3.4%) Est. Cost $20.89 Unrealized +55.6%

HDSN Hudson Technologies Inc 0.8%

Value ($000) $1 (-33.4%) Shares 201,750 (-3.4%) Est. Cost $8.27 Unrealized -4.7%

GTM ZoomInfo Technologies Inc 3.2%

Value ($000) $6 (-10.0%) Shares 551,600 (-3.4%) Est. Cost $9.25 Unrealized +11.3%

CNXC Concentrix Corp 2.3%

Value ($000) $4 (-13.1%) Shares 98,450 (-3.5%) Est. Cost $46.42 Unrealized -13.6%

PHIN PHINIA Inc 5.9%

Value ($000) $10 (+5.3%) Shares 165,400 (-3.4%) Est. Cost $27.10 Unrealized +103.4%

— TreeHouse Foods Inc 2.1%

Value ($000) $4 (+12.7%) Shares 158,950 (-3.5%) Est. Cost $0.04 Unrealized —

NATL NCR Atleos Corp 3.4%

Value ($000) $6 (-6.4%) Shares 158,150 (-3.5%) Est. Cost $23.22 Unrealized +61.5%

THC Tenet Healthcare Corp 3.1%

Value ($000) $5 (-5.9%) Shares 27,475 (-3.8%) Est. Cost $46.22 Unrealized +337.2%

RDN Radian Group Inc 3.9%

Value ($000) $7 (-4.1%) Shares 192,800 (-3.5%) Est. Cost $20.90 Unrealized +66.4%

FORR Forrester Research Inc 0.4%

Value ($000) $1 (-26.3%) Shares 91,500 (-3.8%) Est. Cost $18.24 Unrealized -56.9%

UPWK Upwork Inc 4.9%

Value ($000) $9 (+3.0%) Shares 435,500 (-3.4%) Est. Cost $10.43 Unrealized +75.8%

CNO CNO Financial Group Inc 3.7%

Value ($000) $7 (+3.7%) Shares 154,250 (-3.4%) Est. Cost $15.35 Unrealized +164.5%

PBH Prestige Consumer Healthcare I 2.5%

Value ($000) $4 (-4.5%) Shares 70,450 (-3.4%) Est. Cost $69.35 Unrealized -11.7%

BLKB Blackbaud Inc 2.2%

Value ($000) $4 (-4.8%) Shares 61,550 (-3.3%) Est. Cost $77.18 Unrealized -19.9%

AAMI Acadian Asset Management Inc 1.7%

Value ($000) $3 (-5.7%) Shares 63,181 (-3.4%) Est. Cost $14.68 Unrealized +213.9%

KOP Koppers Holdings Inc 1.3%

Value ($000) $2 (-6.6%) Shares 83,750 (-3.5%) Est. Cost $29.79 Unrealized -6.3%

ATKR Atkore Inc 2.7%

Value ($000) $5 (-2.7%) Shares 74,650 (-3.5%) Est. Cost $69.79 Unrealized -7.3%

AX Axos Financial Inc 4.7%

Value ($000) $8 (-1.5%) Shares 96,150 (-3.2%) Est. Cost $40.20 Unrealized +104.9%

MATW Matthews International Corp 1.7%

Value ($000) $3 (+3.9%) Shares 115,900 (-3.4%) Est. Cost $20.32 Unrealized +18.9%

AVNS Avanos Medical Inc 0.9%

Value ($000) $2 (-6.3%) Shares 141,050 (-3.4%) Est. Cost $20.77 Unrealized -44.9%

VTOL Bristow Group Inc 2.7%

Value ($000) $5 (-2.0%) Shares 130,500 (-3.4%) Est. Cost $36.69 Unrealized +2.6%

SBSI Southside Bancshares Inc 1.2%

Value ($000) $2 (+4.0%) Shares 69,500 (-3.3%) Est. Cost $36.15 Unrealized -19.0%

RNGR Ranger Energy Srvcs Inc 1.1%

Value ($000) $2 (-3.7%) Shares 139,600 (-3.3%) Est. Cost $10.57 Unrealized +28.5%

OCFC OceanFirst Financial Corp 2.0%

Value ($000) $4 (-1.4%) Shares 197,050 (-3.5%) Est. Cost $17.40 Unrealized +5.8%

PFBC Preferred Bank 2.1%

Value ($000) $4 (+0.9%) Shares 40,050 (-3.4%) Est. Cost $72.70 Unrealized +28.2%

SAIC Science App Intl Corp 1.3%

Value ($000) $2 (-1.4%) Shares 22,150 (-2.6%) Est. Cost $93.10 Unrealized +2.6%

RLGT Radiant Logistics Inc 0.5%

Value ($000) $1 (+3.3%) Shares 127,799 (-3.7%) Est. Cost $4.29 Unrealized +44.5%

XHR Xenia Hotels and Resorts 2.4%

Value ($000) $4 (-0.5%) Shares 297,050 (-3.5%) Est. Cost $0.01 Unrealized —

MTUS Metallus Inc 1.3%

Value ($000) $2 (+0.1%) Shares 131,200 (-3.5%) Est. Cost $21.64 Unrealized -20.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HAE	Haemonetics Corp	98,100 (-3.6%)	$8 (+58.5%)	4.5%	$61.90	+8.5%	COM	405024100
ATGE	Adtalem Global Educ Inc	47,600 (-3.4%)	$5 (-35.3%)	2.8%	$34.13	+235.5%	COM	00737L103
PLAB	Photronics Inc	201,850 (-3.5%)	$6 (+34.6%)	3.7%	$24.48	+5.4%	COM	719405102
CCRN	Cross Country Healthcare Inc	168,600 (-3.3%)	$1 (-44.8%)	0.8%	$24.42	-55.2%	COM	227483104
BHF	Brighthouse Financial Inc	91,200 (-3.5%)	$6 (+17.8%)	3.3%	$41.35	+42.1%	COM	10922N103
TPH	Tri Pointe Homes Inc	221,550 (-3.4%)	$7 (-10.6%)	4.0%	$20.89	+55.6%	COM	87265H109
HDSN	Hudson Technologies Inc	201,750 (-3.4%)	$1 (-33.4%)	0.8%	$8.27	-4.7%	COM	444144109
GTM	ZoomInfo Technologies Inc	551,600 (-3.4%)	$6 (-10.0%)	3.2%	$9.25	+11.3%	COM	98980F104
CNXC	Concentrix Corp	98,450 (-3.5%)	$4 (-13.1%)	2.3%	$46.42	-13.6%	COM	20602D101
PHIN	PHINIA Inc	165,400 (-3.4%)	$10 (+5.3%)	5.9%	$27.10	+103.4%	COM	71880K101
—	TreeHouse Foods Inc	158,950 (-3.5%)	$4 (+12.7%)	2.1%	$0.04	—	COM	89469A104
NATL	NCR Atleos Corp	158,150 (-3.5%)	$6 (-6.4%)	3.4%	$23.22	+61.5%	COM	63001N106
THC	Tenet Healthcare Corp	27,475 (-3.8%)	$5 (-5.9%)	3.1%	$46.22	+337.2%	COM	88033G407
RDN	Radian Group Inc	192,800 (-3.5%)	$7 (-4.1%)	3.9%	$20.90	+66.4%	COM	750236101
FORR	Forrester Research Inc	91,500 (-3.8%)	$1 (-26.3%)	0.4%	$18.24	-56.9%	COM	346563109
UPWK	Upwork Inc	435,500 (-3.4%)	$9 (+3.0%)	4.9%	$10.43	+75.8%	COM	91688F104
CNO	CNO Financial Group Inc	154,250 (-3.4%)	$7 (+3.7%)	3.7%	$15.35	+164.5%	COM	12621E103
PBH	Prestige Consumer Healthcare I	70,450 (-3.4%)	$4 (-4.5%)	2.5%	$69.35	-11.7%	COM	74112D101
BLKB	Blackbaud Inc	61,550 (-3.3%)	$4 (-4.8%)	2.2%	$77.18	-19.9%	COM	09227Q100
AAMI	Acadian Asset Management Inc	63,181 (-3.4%)	$3 (-5.7%)	1.7%	$14.68	+213.9%	COM	10948W103
KOP	Koppers Holdings Inc	83,750 (-3.5%)	$2 (-6.6%)	1.3%	$29.79	-6.3%	COM	50060P106
ATKR	Atkore Inc	74,650 (-3.5%)	$5 (-2.7%)	2.7%	$69.79	-7.3%	COM	047649108
AX	Axos Financial Inc	96,150 (-3.2%)	$8 (-1.5%)	4.7%	$40.20	+104.9%	COM	05465C100
MATW	Matthews International Corp	115,900 (-3.4%)	$3 (+3.9%)	1.7%	$20.32	+18.9%	COM	577128101
AVNS	Avanos Medical Inc	141,050 (-3.4%)	$2 (-6.3%)	0.9%	$20.77	-44.9%	COM	05350V106
VTOL	Bristow Group Inc	130,500 (-3.4%)	$5 (-2.0%)	2.7%	$36.69	+2.6%	COM	11040G103
SBSI	Southside Bancshares Inc	69,500 (-3.3%)	$2 (+4.0%)	1.2%	$36.15	-19.0%	COM	84470P109
RNGR	Ranger Energy Srvcs Inc	139,600 (-3.3%)	$2 (-3.7%)	1.1%	$10.57	+28.5%	COM	75282U104
OCFC	OceanFirst Financial Corp	197,050 (-3.5%)	$4 (-1.4%)	2.0%	$17.40	+5.8%	COM	675234108
PFBC	Preferred Bank	40,050 (-3.4%)	$4 (+0.9%)	2.1%	$72.70	+28.2%	COM	740367404
SAIC	Science App Intl Corp	22,150 (-2.6%)	$2 (-1.4%)	1.3%	$93.10	+2.6%	COM	808625107
RLGT	Radiant Logistics Inc	127,799 (-3.7%)	$1 (+3.3%)	0.5%	$4.29	+44.5%	COM	75025X100
XHR	Xenia Hotels and Resorts	297,050 (-3.5%)	$4 (-0.5%)	2.4%	$0.01	—	COM	984017103
MTUS	Metallus Inc	131,200 (-3.5%)	$2 (+0.1%)	1.3%	$21.64	-20.8%	COM	887399103