KESTREL INVESTMENT MANAGEMENT CORP Q4 2025 Filing

Filed February 3, 2026

Portfolio Value

$176.4M

Holdings

40

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (40 positions)

#StockSharesValue% PortfolioType
1
PHINPHINIA Inc
165,400$10.4M5.88%
2
UPWKUpwork Inc
435,500$8.6M4.89%
3
BB4Axos Financial Inc
96,150$8.3M4.70%
4
HAEHaemonetics Corp
98,100$7.9M4.46%
5
TPHTri Pointe Homes Inc
221,550$7.0M3.95%
6
RDNRadian Group Inc
192,800$6.9M3.93%
7
COSCNO Financial Group Inc
154,250$6.5M3.71%
8
PLABPhotronics Inc
201,850$6.5M3.66%
9
NATLNCR Atleos Corp
158,150$6.0M3.42%
10
ITGRInteger Holdings Corp
75,650$5.9M3.36%
11
BHFBrighthouse Financial Inc
91,200$5.9M3.35%
12
GTMZoomInfo Technologies Inc
551,600$5.6M3.18%
13
CXWCoreCivic Inc
293,100$5.6M3.18%
14
THCTenet Healthcare Corp
27,475$5.5M3.10%
15
ATGEAdtalem Global Educ Inc
47,600$4.9M2.79%
16
VTOLBristow Group Inc
130,500$4.8M2.71%
17
ATKRAtkore Inc
74,650$4.7M2.68%
18
QCRHQCR Holdings Inc
55,650$4.6M2.63%
19
PBVPrestige Consumer Healthcare I
70,450$4.3M2.46%
20
XHRXenia Hotels and Resorts
297,050$4.2M2.38%
21
CNXCConcentrix Corp
98,450$4.1M2.32%
22
ECVTEcovyst Inc
407,600$4.0M2.25%
23
BLKBBlackbaud Inc
61,550$3.9M2.21%
24
PFBCPreferred Bank
40,050$3.8M2.14%
25
CARSCars.com Inc
307,550$3.8M2.13%
26
THSTreeHouse Foods Inc
158,950$3.8M2.13%
27
OCFCOceanFirst Financial Corp
197,050$3.5M2.00%
28
MATWMatthews International Corp
115,900$3.0M1.72%
29
AAMIAcadian Asset Management Inc
63,181$3.0M1.68%
30
SMPLThe Simply Good Foods Co
135,575$2.7M1.54%
31
KOPKoppers Holdings Inc
83,750$2.3M1.29%
32
MTUSMetallus Inc
131,200$2.3M1.28%
33
SAICScience App Intl Corp
22,150$2.2M1.26%
34
SBSISouthside Bancshares Inc
69,500$2.1M1.20%
35
RNGRRanger Energy Srvcs Inc
139,600$2.0M1.11%
36
AVNSAvanos Medical Inc
141,050$1.6M0.90%
37
HDSNHudson Technologies Inc
201,750$1.4M0.78%
38
XXYCross Country Healthcare Inc
168,600$1.4M0.77%
39
RLGTRadiant Logistics Inc
127,799$809K0.46%
40
FORRForrester Research Inc
91,500$743K0.42%