KESTREL INVESTMENT MANAGEMENT CORP
13F Reported Value
ⓘ$183.7M
Holdings
40
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
KESTREL INVESTMENT MANAGEMENT CORP disclosed 40 positions worth $183.7M in its Form 13F-HR for Q2 2026, led by $PHIN (PHINIA INC.) at 7.3% of the equity portfolio, followed by $AX and $CNO. During the quarter the fund opened 3 new positions and exited 2 — including a new stake in $WEX and a full exit from $TPH. The portfolio is most concentrated in Industrials (24.3% of disclosed assets). All figures are sourced directly from KESTREL INVESTMENT MANAGEMENT CORP’s Form 13F-HR filing with the SEC under CIK 917579.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 53.1#1,407
Quality
$13.5M163,500 sh - 60.3#867
Quality
$9.3M95,150 sh - 54.0#1,357
Quality
$7.8M153,250 sh - 49.4
Quality
$7.8M63,750 sh - 51.4
Quality
$7.3M97,400 sh - 55.9
Quality
$7.0M75,150 sh - 51.5
Quality
$6.8M156,850 sh - 43.2
Quality
$6.7M149,550 sh - 56.5
Quality
$6.5M200,450 sh - 45.8
Quality
$6.5M95,050 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 PHINIA INC.$PHIN | 53.1#1,407 | $13.5M | 163,500 |
 Axos Financial, Inc.$AX | 60.3#867 | $9.3M | 95,150 |
 CNO Financial Group, Inc.$CNO | 54.0#1,357 | $7.8M | 153,250 |
 INSIGHT ENTERPRISES INC$NSIT | 49.4 | $7.8M | 63,750 |
 HAEMONETICS CORP$HAE | 51.4 | $7.3M | 97,400 |
 Integer Holdings Corp$ITGR | 55.9 | $7.0M | 75,150 |
 NCR Atleos Corp$NATL | 51.5 | $6.8M | 156,850 |
 TRIMAS CORP$TRS | 43.2 | $6.7M | 149,550 |
 PHOTRONICS INC$PLAB | 56.5 | $6.5M | 200,450 |
 SCOTTS MIRACLE-GRO CO$SMG | 45.8 | $6.5M | 95,050 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of KESTREL INVESTMENT MANAGEMENT CORP's 40 positions.
Showing top 10 of 40 holdings.
Sector Allocation
Industrials
$44.6M
Technology
$34.6M
Financials
$32.8M
Healthcare
$31.2M
Consumer Discretionary
$20.8M
Materials
$12.0M
Other
$4.2M
Consumer Staples
$3.4M
Full Holdings — KESTREL INVESTMENT MANAGEMENT CORP (Q2 2026)
All 40 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $PHIN | PHINIA INC. | $13.5M | 7.3% | -0% | 53.1 |
| 2 | $AX | Axos Financial, Inc. | $9.3M | 5.0% | +0% | 60.3 |
| 3 | $CNO | CNO Financial Group, Inc. | $7.8M | 4.3% | +0% | 54 |
| 4 | $NSIT | INSIGHT ENTERPRISES INC | $7.8M | 4.2% | +0% | 49.4 |
| 5 | $HAE | HAEMONETICS CORP | $7.3M | 4.0% | +0% | 51.4 |
| 6 | $ITGR | Integer Holdings Corp | $7.0M | 3.8% | +0% | 55.9 |
| 7 | $NATL | NCR Atleos Corp | $6.8M | 3.7% | +0% | 51.5 |
| 8 | $TRS | TRIMAS CORP | $6.7M | 3.7% | +0% | 43.2 |
| 9 | $PLAB | PHOTRONICS INC | $6.5M | 3.5% | +0% | 56.5 |
| 10 | $SMG | SCOTTS MIRACLE-GRO CO | $6.5M | 3.5% | +142% | 45.8 |
| 11 |  $XHR | Xenia Hotels & Resorts, Inc. | $6.0M | 3.3% | +0% | 45.7 |
| 12 |  $CVSA | Covista Inc. | $5.9M | 3.2% | +0% | 65.1 |
| 13 |  $BHF | Brighthouse Financial, Inc. | $5.7M | 3.1% | +0% | 68.4 |
| 14 |  $ATKR | Atkore Inc. | $5.6M | 3.1% | +0% | 33.3 |
| 15 |  $QCRH | QCR HOLDINGS INC | $5.4M | 3.0% | +0% | 45 |
| 16 |  $VTOL | Bristow Group Inc. | $5.4M | 2.9% | +0% | 51.3 |
| 17 |  $WEX | WEX Inc. | $5.2M | 2.8% | NEW | 48.9 |
| 18 |  $THC | TENET HEALTHCARE CORP | $5.1M | 2.8% | +0% | 66.2 |
| 19 |  $ECVT | Ecovyst Inc. | $5.0M | 2.8% | +0% | 48.7 |
| 20 |  $EXLS | ExlService Holdings, Inc. | $4.4M | 2.4% | +99% | 65.3 |
| 21 |  $PFBC | Preferred Bank | $4.2M | 2.3% | +0% | — |
| 22 |  $KOP | Koppers Holdings Inc. | $3.7M | 2.0% | +0% | 39.5 |
| 23 |  $UPWK | UPWORK, INC | $3.6M | 2.0% | +0% | 56.8 |
| 24 |  $AVNS | AVANOS MEDICAL, INC. | $3.5M | 1.9% | +0% | 36.1 |
| 25 |  $SMPL | Simply Good Foods Co | $3.4M | 1.9% | +0% | 35.3 |
| 26 |  $CARS | Cars.com Inc. | $3.3M | 1.8% | +0% | 51.4 |
| 27 |  $PBH | Prestige Consumer Healthcare Inc. | $3.3M | 1.8% | -0% | 53.7 |
| 28 |  $MATW | MATTHEWS INTERNATIONAL CORP | $3.1M | 1.7% | -0% | 25.8 |
| 29 |  $SAIC | Science Applications International Corp | $2.4M | 1.3% | +0% | 56.7 |
| 30 |  $MTUS | Metallus Inc. | $2.4M | 1.3% | +0% | 32.9 |
| 31 |  $SBSI | SOUTHSIDE BANCSHARES INC | $2.4M | 1.3% | +0% | 37.2 |
| 32 |  $CCRN | CROSS COUNTRY HEALTHCARE INC | $2.2M | 1.2% | +0% | 26.6 |
| 33 |  $CNXC | Concentrix Corp | $2.2M | 1.2% | +0% | 44.1 |
| 34 |  $SLM | SLM Corp | $2.2M | 1.2% | NEW | 52.4 |
| 35 |  $RAMP | LiveRamp Holdings, Inc. | $2.0M | 1.1% | NEW | 61.3 |
| 36 |  $BLKB | BLACKBAUD INC | $1.8M | 1.0% | +0% | 62.5 |
| 37 |  $GTM | ZoomInfo Technologies Inc. | $1.6M | 0.9% | +0% | 34.7 |
| 38 |  $RLGT | RADIANT LOGISTICS, INC | $1.2M | 0.7% | +0% | 49.7 |
| 39 |  $HDSN | HUDSON TECHNOLOGIES INC /NY | $1.2M | 0.6% | +0% | 25.4 |
| 40 |  $FORR | FORRESTER RESEARCH, INC. | $769,515 | 0.4% | +0% | 24.7 |
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