13F HOLDINGS REPORT
KESTREL INVESTMENT MANAGEMENT CORP
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0000917579-25-000007
Total Value
$177,403
Positions
40
Other Managers
0
Confidential Omitted
No
Holdings (40)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PHINIA Inc | PHIN | 171,300 | $9,847 | 5.55% |
| 2 | Axos Financial Inc | AX | 99,350 | $8,410 | 4.74% |
| 3 | Upwork Inc | UPWK | 451,000 | $8,376 | 4.72% |
| 4 | Tri Pointe Homes Inc | TPH | 229,450 | $7,795 | 4.39% |
| 5 | Adtalem Global Educ Inc | ADT | 49,300 | $7,614 | 4.29% |
| 6 | Radian Group Inc | RDN | 199,700 | $7,234 | 4.08% |
| 7 | Premier Inc | PREM | 255,350 | $7,098 | 4.00% |
| 8 | NCR Atleos Corp | NATL | 163,850 | $6,441 | 3.63% |
| 9 | CNO Financial Group Inc | 12621E103 | 159,650 | $6,314 | 3.56% |
| 10 | ZoomInfo Technologies Inc | GTM | 571,000 | $6,230 | 3.51% |
| 11 | Tenet Healthcare Corp | THC | 28,575 | $5,802 | 3.27% |
| 12 | MDU Resources Group Inc | 552690109 | 309,600 | $5,513 | 3.11% |
| 13 | Brighthouse Financial Inc | 10922N103 | 94,500 | $5,017 | 2.83% |
| 14 | Haemonetics Corp | HAE | 101,800 | $4,961 | 2.80% |
| 15 | Bristow Group Inc | VTOL | 135,100 | $4,876 | 2.75% |
| 16 | Atkore Inc | ATKR | 77,350 | $4,852 | 2.74% |
| 17 | Photronics Inc | PLAB | 209,150 | $4,800 | 2.71% |
| 18 | Concentrix Corp | CNXC | 102,050 | $4,709 | 2.65% |
| 19 | Prestige Consumer Healthcare I | 74112D101 | 72,950 | $4,552 | 2.57% |
| 20 | Xenia Hotels and Resorts | XHR | 307,750 | $4,220 | 2.38% |
| 21 | Blackbaud Inc | BLKB | 63,650 | $4,094 | 2.31% |
| 22 | Progyny Inc | PGNY | 178,650 | $3,844 | 2.17% |
| 23 | Preferred Bank | 740367404 | 41,450 | $3,746 | 2.11% |
| 24 | OceanFirst Financial Corp | 675234108 | 204,150 | $3,587 | 2.02% |
| 25 | Beacon Financial Corp | BBT | 140,950 | $3,342 | 1.88% |
| 26 | TreeHouse Foods Inc | 89469A104 | 164,650 | $3,327 | 1.88% |
| 27 | Driven Brands Hldgs Inc | DRVN | 200,200 | $3,226 | 1.82% |
| 28 | Acadian Asset Management Inc | AAMI | 65,381 | $3,148 | 1.77% |
| 29 | Matthews International Corp | 577128101 | 120,000 | $2,914 | 1.64% |
| 30 | Edgewell Personal Care Co | 28035Q102 | 122,200 | $2,487 | 1.40% |
| 31 | Cross Country Healthcare Inc | 227483104 | 174,300 | $2,475 | 1.40% |
| 32 | Koppers Holdings Inc | KOP | 86,750 | $2,428 | 1.37% |
| 33 | Science App Intl Corp | 808625107 | 22,750 | $2,261 | 1.27% |
| 34 | Metallus Inc | MTUS | 136,000 | $2,249 | 1.27% |
| 35 | Hudson Technologies Inc | HDSN | 208,850 | $2,074 | 1.17% |
| 36 | Southside Bancshares Inc | SBSI | 71,900 | $2,032 | 1.15% |
| 37 | Ranger Energy Srvcs Inc | 75282U104 | 144,400 | $2,028 | 1.14% |
| 38 | Avanos Medical Inc | AVNS | 146,050 | $1,689 | 0.95% |
| 39 | Forrester Research Inc | 346563109 | 95,100 | $1,008 | 0.57% |
| 40 | Radiant Logistics Inc | RLGT | 132,699 | $783 | 0.44% |