13F HOLDINGS REPORT
KESTREL INVESTMENT MANAGEMENT CORP
Quarter ended Q2 2025 · Filed July 31, 2025 · Accession 0000917579-25-000006
Total Value
$167,003
Positions
41
Other Managers
0
Confidential Omitted
No
Holdings (41)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PHINIA Inc | PHIN | 171,300 | $7,621 | 4.56% |
| 2 | Axos Financial Inc | AX | 99,350 | $7,554 | 4.52% |
| 3 | Tri Pointe Homes Inc | TPH | 229,450 | $7,330 | 4.39% |
| 4 | Radian Group Inc | RDN | 199,700 | $7,193 | 4.31% |
| 5 | Adtalem Global Educ Inc | ADT | 49,300 | $6,272 | 3.76% |
| 6 | CNO Financial Group Inc | 12621E103 | 159,650 | $6,160 | 3.69% |
| 7 | Upwork Inc | UPWK | 451,000 | $6,061 | 3.63% |
| 8 | Prestige Consumer Healthcare I | 74112D101 | 72,950 | $5,825 | 3.49% |
| 9 | ZoomInfo Technologies Inc | GTM | 571,000 | $5,778 | 3.46% |
| 10 | Premier Inc | PREM | 255,350 | $5,599 | 3.35% |
| 11 | Atkore Inc | ATKR | 77,350 | $5,460 | 3.27% |
| 12 | Concentrix Corp | CNXC | 102,050 | $5,393 | 3.23% |
| 13 | MRC Global Inc | 55345K103 | 382,950 | $5,250 | 3.14% |
| 14 | MDU Resources Group Inc | 552690109 | 309,600 | $5,161 | 3.09% |
| 15 | Brighthouse Financial Inc | 10922N103 | 94,500 | $5,081 | 3.04% |
| 16 | Tenet Healthcare Corp | THC | 28,575 | $5,029 | 3.01% |
| 17 | NCR Atleos Corp | NATL | 163,850 | $4,674 | 2.80% |
| 18 | Dun & Bradstreet Hldgs Inc | 26484T106 | 486,900 | $4,429 | 2.65% |
| 19 | Blackbaud Inc | BLKB | 63,650 | $4,090 | 2.45% |
| 20 | Photronics Inc | PLAB | 209,150 | $3,938 | 2.36% |
| 21 | Progyny Inc | PGNY | 178,650 | $3,930 | 2.35% |
| 22 | Xenia Hotels and Resorts | XHR | 307,750 | $3,868 | 2.32% |
| 23 | Driven Brands Hldgs Inc | DRVN | 218,100 | $3,830 | 2.29% |
| 24 | Adeia Inc | ADEA | 265,913 | $3,760 | 2.25% |
| 25 | Preferred Bank | 740367404 | 41,450 | $3,587 | 2.15% |
| 26 | Berkshire Hills Bancorp Inc | BBT | 140,950 | $3,530 | 2.11% |
| 27 | TreeHouse Foods Inc | 89469A104 | 164,650 | $3,197 | 1.91% |
| 28 | Matthews International Corp | 577128101 | 120,000 | $2,869 | 1.72% |
| 29 | Edgewell Personal Care Co | 28035Q102 | 122,200 | $2,860 | 1.71% |
| 30 | Koppers Holdings Inc | KOP | 86,750 | $2,789 | 1.67% |
| 31 | Science App Intl Corp | 808625107 | 22,750 | $2,561 | 1.53% |
| 32 | Acadian Asset Management Inc | AAMI | 65,381 | $2,304 | 1.38% |
| 33 | Cross Country Healthcare Inc | 227483104 | 174,300 | $2,274 | 1.36% |
| 34 | Southside Bancshares Inc | SBSI | 71,900 | $2,116 | 1.27% |
| 35 | Metallus Inc | MTUS | 136,000 | $2,095 | 1.25% |
| 36 | Avanos Medical Inc | AVNS | 146,050 | $1,790 | 1.07% |
| 37 | Ranger Energy Srvcs Inc | 75282U104 | 144,400 | $1,724 | 1.03% |
| 38 | Hudson Technologies Inc | HDSN | 208,850 | $1,695 | 1.01% |
| 39 | Forrester Research Inc | 346563109 | 95,100 | $941 | 0.56% |
| 40 | Radiant Logistics Inc | RLGT | 132,699 | $806 | 0.48% |
| 41 | Xperi Inc | XPER | 73,221 | $579 | 0.35% |