SEC 13F Intelligence

Managers / Q4 2022 · view latest →

KESTREL INVESTMENT MANAGEMENT CORP

CIK 0000917579 · 411 BOREL AVE, SUITE 403, SAN MATEO, CA, 94402 · 6505729469

Reported Value
Under review
reported total failed a data-quality check
Positions
39
Filings on Record
30
2019–present window
Filed
Feb 1, 2023
original filing

Summary

Compared with Q3 2022, the fund opened 4 new positions and exited 3.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $199MQ4 ’18Q1 ’19: $216MQ2 ’19: $212MQ3 ’19: $201MQ4 ’19: $215MQ4 ’19Q1 ’20: $129MQ2 ’20: $157MQ3 ’20: $173MQ4 ’20: $205MQ4 ’20Q1 ’21: $239MQ2 ’21: $255MQ3 ’21: $210MQ4 ’21: $222MQ4 ’21Q1 ’22: $211MQ2 ’22: $174MQ3 ’22: $158MQ1 ’23: $177,714Q1 ’23Q2 ’23: $180,948Q3 ’23: $158,125Q4 ’23: $147,798Q1 ’24: $149,767Q1 ’24Q2 ’24: $150,968Q3 ’24: $173,746Q4 ’24: $181,163Q1 ’25: $163,739Q1 ’25Q2 ’25: $167,003Q3 ’25: $177,403Q4 ’25: $176,409filingsflow.com

Portfolio Composition

By security type
Common Stock: 92.4%Other: 7.6%
  • Common Stock · 92.4% · $159,459
  • Other · 7.6% · $13,026

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
THCTenet Healthcare CorpNEW+127.8K127.8K+$6,235$6,235
ADEAAdeia IncNEW+374.4K374.4K+$3,549$3,549
PRFTUSDPerficient IncNEW+40.4K40.4K+$2,818$2,818
DSKEUSDDaseke IncNEW+294.9K294.9K+$1,678$1,678
AXIS Capital Hldgs LTDSOLD OUT−84.8K0−$4M$0
4DHDana IncSOLD OUT−274.5K0−$3M$0
BVBrightView Holdings IncSOLD OUT−133.4K0−$1M$0
XPERXperi IncTRIMMED−164.2K104.8K−$4M$902

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CRCCalifornia Resources Corphistory →COM4.89%$8,437193.9K
2DTMDT Midstream Inchistory →COM4.69%$8,089146.4K
3Triton International LTDCOM4.49%$7,752112.7K
4UNVREURUnivar Solutions Inchistory →COM3.97%$6,843215.2K
5CVSAAdtalem Global Educ Inchistory →COM3.96%$6,834192.5K
6BHFBrighthouse Financial Inchistory →COM3.82%$6,588128.5K
7SFMSprouts Farmers Market Inchistory →COM3.69%$6,361196.5K
8THCTenet Healthcare Corphistory →COM3.61%$6,235127.8K
9ODP1The ODP Corphistory →COM3.51%$6,048132.8K
10FW2NBanner Corphistory →COM3.40%$5,86292.8K
11T86Tri Pointe Homes Inchistory →COM3.39%$5,846314.4K
12ROCKGibraltar Industries Inchistory →COM3.36%$5,802126.5K
13VSTOEURVista Outdoor Inchistory →COM3.20%$5,526226.8K
14TTMITTM Technologies Inchistory →COM3.19%$5,503364.9K
15RDNRadian Group Inchistory →COM3.09%$5,324279.2K
16AL21Allscripts Healthcr Solns Inchistory →COM3.08%$5,320301.6K
17Avid Technology IncCOM3.06%$5,274198.3K
18CNXCNX Resources Corphistory →COM2.92%$5,028298.6K
19COSCNO Financial Group Inchistory →COM2.90%$5,005219.1K
20THGThe Hanover Insur Grp Inchistory →COM2.86%$4,93936.5K
21IHPDine Brands Global Inchistory →COM2.85%$4,91976.2K
22BCORUSDBlucora Inchistory →COM2.73%$4,717184.8K
23KSSKohl's Corphistory →COM2.52%$4,351172.3K
24HRBH&R Block Inchistory →COM2.14%$3,695101.2K
25ADEAAdeia Inchistory →COM2.06%$3,549374.4K
26SAICScience App Intl Corphistory →COM1.90%$3,27829.6K
27SMPStandard Motor Prod Inchistory →COM1.87%$3,22992.8K
28PRFTUSDPerficient Inchistory →COM1.63%$2,81840.4K
29CCSIConsensus Cloud Solns Inchistory →COM1.61%$2,76951.5K
30KOPKoppers Holdings Inchistory →COM1.46%$2,51189.0K
31MATWMatthews International Corphistory →COM1.39%$2,39178.5K
32ROFKforce Inchistory →COM1.27%$2,18539.9K
33KEKimball Electronics Inchistory →COM1.06%$1,83581.3K
34AAMIBrightSphere Inv Group Inchistory →COM1.05%$1,81688.2K
35DSKEUSDDaseke IncCOM0.97%$1,678294.9K
36ZIMVZimVie IncCOM0.84%$1,444154.7K
37XPERXperi IncCOM0.52%$902104.8K
38CURVTorrid Holdings IncCOM0.52%$899303.8K
39RLGTRadiant Logistics IncCOM0.51%$883173.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026Under review39May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$176,40940Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$177,40340Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$167,00341Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$163,73940May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$181,16340Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$173,74640Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$150,96837Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$149,76737May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$147,79837Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$158,12538Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$180,94838Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$177,71438May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review39Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$158M38Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$174M39Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$211M40May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$222M40Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$210M41Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$255M42Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$239M40May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$205M41Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$173M42Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$157M39Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$129M40May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$215M43Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$201M43Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$212M44Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$216M44May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$199M46Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.