13F HOLDINGS REPORT
KESTREL INVESTMENT MANAGEMENT CORP
Quarter ended Q4 2025 · Filed February 3, 2026 · Accession 0000917579-26-000001
Total Value
$176,409
Positions
40
Other Managers
0
Confidential Omitted
No
Holdings (40)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PHINIA Inc | PHIN | 165,400 | $10,370 | 5.88% |
| 2 | Upwork Inc | UPWK | 435,500 | $8,631 | 4.89% |
| 3 | Axos Financial Inc | AX | 96,150 | $8,284 | 4.70% |
| 4 | Haemonetics Corp | HAE | 98,100 | $7,862 | 4.46% |
| 5 | Tri Pointe Homes Inc | TPH | 221,550 | $6,972 | 3.95% |
| 6 | Radian Group Inc | RDN | 192,800 | $6,940 | 3.93% |
| 7 | CNO Financial Group Inc | 12621E103 | 154,250 | $6,550 | 3.71% |
| 8 | Photronics Inc | PLAB | 201,850 | $6,460 | 3.66% |
| 9 | NCR Atleos Corp | NATL | 158,150 | $6,028 | 3.42% |
| 10 | Integer Holdings Corp | ITGR | 75,650 | $5,933 | 3.36% |
| 11 | Brighthouse Financial Inc | 10922N103 | 91,200 | $5,908 | 3.35% |
| 12 | ZoomInfo Technologies Inc | GTM | 551,600 | $5,610 | 3.18% |
| 13 | CoreCivic Inc | CXW | 293,100 | $5,601 | 3.18% |
| 14 | Tenet Healthcare Corp | THC | 27,475 | $5,460 | 3.10% |
| 15 | Adtalem Global Educ Inc | ADT | 47,600 | $4,925 | 2.79% |
| 16 | Bristow Group Inc | VTOL | 130,500 | $4,779 | 2.71% |
| 17 | Atkore Inc | ATKR | 74,650 | $4,722 | 2.68% |
| 18 | QCR Holdings Inc | QCRH | 55,650 | $4,636 | 2.63% |
| 19 | Prestige Consumer Healthcare I | 74112D101 | 70,450 | $4,347 | 2.46% |
| 20 | Xenia Hotels and Resorts | XHR | 297,050 | $4,200 | 2.38% |
| 21 | Concentrix Corp | CNXC | 98,450 | $4,093 | 2.32% |
| 22 | Ecovyst Inc | ECVT | 407,600 | $3,965 | 2.25% |
| 23 | Blackbaud Inc | BLKB | 61,550 | $3,898 | 2.21% |
| 24 | Preferred Bank | 740367404 | 40,050 | $3,781 | 2.14% |
| 25 | Cars.com Inc | CARS | 307,550 | $3,752 | 2.13% |
| 26 | TreeHouse Foods Inc | 89469A104 | 158,950 | $3,750 | 2.13% |
| 27 | OceanFirst Financial Corp | 675234108 | 197,050 | $3,537 | 2.00% |
| 28 | Matthews International Corp | 577128101 | 115,900 | $3,028 | 1.72% |
| 29 | Acadian Asset Management Inc | AAMI | 63,181 | $2,970 | 1.68% |
| 30 | The Simply Good Foods Co | SMPL | 135,575 | $2,722 | 1.54% |
| 31 | Koppers Holdings Inc | KOP | 83,750 | $2,268 | 1.29% |
| 32 | Metallus Inc | MTUS | 131,200 | $2,251 | 1.28% |
| 33 | Science App Intl Corp | 808625107 | 22,150 | $2,230 | 1.26% |
| 34 | Southside Bancshares Inc | SBSI | 69,500 | $2,113 | 1.20% |
| 35 | Ranger Energy Srvcs Inc | 75282U104 | 139,600 | $1,952 | 1.11% |
| 36 | Avanos Medical Inc | AVNS | 141,050 | $1,583 | 0.90% |
| 37 | Hudson Technologies Inc | HDSN | 201,750 | $1,381 | 0.78% |
| 38 | Cross Country Healthcare Inc | 227483104 | 168,600 | $1,365 | 0.77% |
| 39 | Radiant Logistics Inc | RLGT | 127,799 | $809 | 0.46% |
| 40 | Forrester Research Inc | 346563109 | 91,500 | $743 | 0.42% |