KESTREL INVESTMENT MANAGEMENT CORP
Filing Date
Global Rank
#4,608
/ 8,623
▲ 63
· as of Mar 2026
Top Industry
Banks - Regional
11.1%
3Y Alpha vs SPY
-4.5%
Period ended 4 months ago
Filed May 5, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+54.7%
SPY
+67.9%
Annualised alpha
-3.2%
Max drawdown
−20.5%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
39 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
6.7%
+0.7 pts
Top 5
26.6%
+2.2 pts
Top 10
44.5%
+1.6 pts
HHI
336
Diversified+12
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 20.1% | $33,702,113 |
| Technology | 19.3% | $32,247,235 |
| Consumer Cyclical | 16.0% | $26,854,547 |
| Healthcare | 14.9% | $24,912,759 |
| Basic Materials | 8.4% | $14,135,733 |
| Consumer Defensive | 5.5% | $9,154,342 |
| Industrials | 5.2% | $8,779,586 |
| Communication Services | 4.3% | $7,228,370 |
| Energy | 3.6% | $6,081,633 |
| Real Estate | 2.6% | $4,369,659 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SMPL | Simply Good Foods Co | +122,475 | 258,050 | $3,703,017 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GTM | ZoomInfo Technologies Inc. | −4,500 | 547,100 | $3,271,658 | |
| UPWK | Upwork, Inc | −2,500 | 433,000 | $4,745,680 | |
| XHR | Xenia Hotels & Resorts, Inc. | −2,400 | 294,650 | $4,369,659 | |
| ECVT | Ecovyst Inc. | −2,200 | 405,400 | $5,213,444 | |
| PHIN | Phinia Inc. | −1,800 | 163,600 | $11,196,784 | |
| CARS | Cars.com Inc. | −1,800 | 305,750 | $2,482,690 | |
| TPH | Tri Pointe Homes, Inc. | −1,500 | 220,050 | $10,282,936 | |
| CCRN | Cross Country Healthcare Inc | −1,500 | 167,100 | $1,570,740 | |
| PLAB | Photronics Inc | −1,400 | 200,450 | $8,100,184 | |
| NATL | NCR Atleos Corp | −1,300 | 156,850 | $6,835,523 | |
| MTUS | Metallus Inc. | −1,200 | 130,000 | $2,124,200 | |
| AVNS | Avanos Medical, Inc. | −1,200 | 139,850 | $1,959,298 | |
| CNO | CNO Financial Group, Inc. | −1,000 | 153,250 | $6,292,445 | |
| AX | Axos Financial, Inc. | −1,000 | 95,150 | $8,096,313 | |
| HDSN | Hudson Technologies Inc /Ny | −1,000 | 200,750 | $1,180,410 | |
| VTOL | Bristow Group Inc. | −800 | 129,700 | $6,081,633 | |
| AAMI | Acadian Asset Management Inc. | −800 | 62,381 | $3,394,774 | |
| BHF | Brighthouse Financial, Inc. | −800 | 90,400 | $5,413,152 | |
| HAE | Haemonetics Corp | −700 | 97,400 | $5,489,464 | |
| CNXC | Concentrix Corp | −700 | 97,750 | $2,674,440 | |
| ITGR | Integer Holdings Corp | −500 | 75,150 | $6,613,200 | |
| SBSI | Southside Bancshares Inc | −500 | 69,000 | $2,145,210 | |
| BLKB | Blackbaud Inc | −500 | 61,050 | $2,357,140 | |
| ATKR | Atkore Inc. | −500 | 74,150 | $4,368,176 | |
| PBH | Prestige Consumer Healthcare Inc. | −400 | 70,050 | $4,151,863 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
4 positions
Sold Out
Positions the filer fully exited
4 positions
39 tracked positions ·
$167,465,977 total
· filing declares
39 positions · $167,465,990
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PHIN |
Phinia Inc.
Consumer Cyclical
|
Reduced | 163,600 | $11,196,784 | 6.69% | |
| TPH |
Tri Pointe Homes, Inc.
Consumer Cyclical
|
Reduced | 220,050 | $10,282,936 | 6.14% | |
| PLAB |
Photronics Inc
Technology
|
Reduced | 200,450 | $8,100,184 | 4.84% | |
| AX |
Axos Financial, Inc.
Financial Services
|
Reduced | 95,150 | $8,096,313 | 4.83% | |
| NATL |
NCR Atleos Corp
Technology
|
Reduced | 156,850 | $6,835,523 | 4.08% | |
| ITGR |
Integer Holdings Corp
Healthcare
|
Reduced | 75,150 | $6,613,200 | 3.95% | |
| CNO |
CNO Financial Group, Inc.
Financial Services
|
Reduced | 153,250 | $6,292,445 | 3.76% | |
| VTOL |
Bristow Group Inc.
Energy
|
Reduced | 129,700 | $6,081,633 | 3.63% | |
| HAE |
Haemonetics Corp
Healthcare
|
Reduced | 97,400 | $5,489,464 | 3.28% | |
| CVSA |
Covista Inc.
Consumer Defensive
|
Reduced | 47,300 | $5,451,325 | 3.26% | |
| BHF |
Brighthouse Financial, Inc.
Financial Services
|
Reduced | 90,400 | $5,413,152 | 3.23% | |
| TRS |
Trimas Corp
Consumer Cyclical
|
NEW | 149,550 | $5,374,827 | 3.21% | |
| ECVT |
Ecovyst Inc.
Basic Materials
|
Reduced | 405,400 | $5,213,444 | 3.11% | |
| THC |
Tenet Healthcare Corp
Healthcare
|
Reduced | 27,175 | $5,128,194 | 3.06% | |
| QCRH |
Qcr Holdings Inc
Financial Services
|
Held | 55,650 | $4,755,292 | 2.84% | |
| UPWK |
Upwork, Inc
Communication Services
|
Reduced | 433,000 | $4,745,680 | 2.83% | |
| XHR |
Xenia Hotels & Resorts, Inc.
Real Estate
|
Reduced | 294,650 | $4,369,659 | 2.61% | |
| ATKR |
Atkore Inc.
Industrials
|
Reduced | 74,150 | $4,368,176 | 2.61% | |
| NSIT |
Insight Enterprises Inc
Technology
|
NEW | 63,750 | $4,271,887 | 2.55% | |
| PBH |
Prestige Consumer Healthcare Inc.
Healthcare
|
Reduced | 70,050 | $4,151,863 | 2.48% | |
| SMPL |
Simply Good Foods Co
Consumer Defensive
|
Added | 258,050 | $3,703,017 | 2.21% | |
| PFBC |
Preferred Bank
Financial Services
|
Reduced | 39,750 | $3,604,927 | 2.15% | |
| AAMI |
Acadian Asset Management Inc.
Financial Services
|
Reduced | 62,381 | $3,394,774 | 2.03% | |
| GTM |
ZoomInfo Technologies Inc.
Technology
|
Reduced | 547,100 | $3,271,658 | 1.95% | |
| KOP |
Koppers Holdings Inc.
Basic Materials
|
Reduced | 83,450 | $3,227,846 | 1.93% | |
| MATW |
Matthews International Corp
Industrials
|
Held | 115,900 | $2,992,538 | 1.79% | |
| CNXC |
Concentrix Corp
Technology
|
Reduced | 97,750 | $2,674,440 | 1.60% | |
| EXLS |
ExlService Holdings, Inc.
Technology
|
NEW | 86,500 | $2,633,925 | 1.57% | |
| CARS |
Cars.com Inc.
Communication Services
|
Reduced | 305,750 | $2,482,690 | 1.48% | |
| SMG |
Scotts Miracle-Gro Co
Basic Materials
|
NEW | 39,300 | $2,389,833 | 1.43% | |
| BLKB |
Blackbaud Inc
Technology
|
Reduced | 61,050 | $2,357,140 | 1.41% | |
| SBSI |
Southside Bancshares Inc
Financial Services
|
Reduced | 69,000 | $2,145,210 | 1.28% | |
| MTUS |
Metallus Inc.
Basic Materials
|
Reduced | 130,000 | $2,124,200 | 1.27% | |
| SAIC |
Science Applications International Corp
Technology
|
Held | 22,150 | $2,102,478 | 1.26% | |
| AVNS |
Avanos Medical, Inc.
Healthcare
|
Reduced | 139,850 | $1,959,298 | 1.17% | |
| CCRN |
Cross Country Healthcare Inc
Healthcare
|
Reduced | 167,100 | $1,570,740 | 0.94% | |
| HDSN |
Hudson Technologies Inc /Ny
Basic Materials
|
Reduced | 200,750 | $1,180,410 | 0.70% | |
| RLGT |
Radiant Logistics, Inc
Industrials
|
Held | 127,799 | $900,982 | 0.54% | |
| FORR |
Forrester Research, Inc.
Industrials
|
Held | 91,500 | $517,890 | 0.31% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.