KESTREL INVESTMENT MANAGEMENT CORP Q3 2025 Filing

Filed November 12, 2025

Portfolio Value

$177.4M

Holdings

40

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (40 positions)

#StockSharesValue% PortfolioType
1
PHINPHINIA Inc
171,300$9.8M5.55%
2
BB4Axos Financial Inc
99,350$8.4M4.74%
3
UPWKUpwork Inc
451,000$8.4M4.72%
4
TPHTri Pointe Homes Inc
229,450$7.8M4.39%
5
ATGEAdtalem Global Educ Inc
49,300$7.6M4.29%
6
RDNRadian Group Inc
199,700$7.2M4.08%
7
PINCPremier Inc
255,350$7.1M4.00%
8
NATLNCR Atleos Corp
163,850$6.4M3.63%
9
COSCNO Financial Group Inc
159,650$6.3M3.56%
10
GTMZoomInfo Technologies Inc
571,000$6.2M3.51%
11
THCTenet Healthcare Corp
28,575$5.8M3.27%
12
MDUMDU Resources Group Inc
309,600$5.5M3.11%
13
BHFBrighthouse Financial Inc
94,500$5.0M2.83%
14
HAEHaemonetics Corp
101,800$5.0M2.80%
15
VTOLBristow Group Inc
135,100$4.9M2.75%
16
ATKRAtkore Inc
77,350$4.9M2.74%
17
PLABPhotronics Inc
209,150$4.8M2.71%
18
CNXCConcentrix Corp
102,050$4.7M2.65%
19
PBVPrestige Consumer Healthcare I
72,950$4.6M2.57%
20
XHRXenia Hotels and Resorts
307,750$4.2M2.38%
21
BLKBBlackbaud Inc
63,650$4.1M2.31%
22
PGNYProgyny Inc
178,650$3.8M2.17%
23
PFBCPreferred Bank
41,450$3.7M2.11%
24
OCFCOceanFirst Financial Corp
204,150$3.6M2.02%
25
BBTBeacon Financial Corp
140,950$3.3M1.88%
26
THSTreeHouse Foods Inc
164,650$3.3M1.88%
27
DRVNDriven Brands Hldgs Inc
200,200$3.2M1.82%
28
AAMIAcadian Asset Management Inc
65,381$3.1M1.77%
29
MATWMatthews International Corp
120,000$2.9M1.64%
30
EPCEdgewell Personal Care Co
122,200$2.5M1.40%
31
XXYCross Country Healthcare Inc
174,300$2.5M1.40%
32
KOPKoppers Holdings Inc
86,750$2.4M1.37%
33
SAICScience App Intl Corp
22,750$2.3M1.27%
34
MTUSMetallus Inc
136,000$2.2M1.27%
35
HDSNHudson Technologies Inc
208,850$2.1M1.17%
36
SBSISouthside Bancshares Inc
71,900$2.0M1.15%
37
RNGRRanger Energy Srvcs Inc
144,400$2.0M1.14%
38
AVNSAvanos Medical Inc
146,050$1.7M0.95%
39
FORRForrester Research Inc
95,100$1.0M0.57%
40
RLGTRadiant Logistics Inc
132,699$783K0.44%