KESTREL INVESTMENT MANAGEMENT CORP

Q1 2014 13F-HR Holdings

Location
San Mateo, CA
Holdings as of
3/31/2014
Date filed
5/13/2014
Form type
13F-HR
Num holdings
54
Total value ($000)
$805,981
Net value change ($000)
-6,994 (-0.9%)
New positions
10
Sold out positions
6
Turnover %
31.1%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
Rovi Corp 25,402 NEW
OGS 22,474 NEW
EXLS 21,700 NEW
LRN 19,473 NEW
TDC 10,822 NEW
JBL 8,910 NEW
MYGN 8,871 60.4%
MTRN 8,343 NEW
FFIC 7,308 188.4%
ENSG 6,537 NEW
Top Reduces (Value $000, Stocks/ETFs)
HII -38,520 -100.0%
Bristow Group Inc -26,902 -100.0%
*VALASSIS COMMUNICATIONS INC -25,460 -100.0%
HMN -19,863 -98.2%
JBTM -14,837 -100.0%
COVANCE INC -11,624 -100.0%
BALLY TECHNOLOGIES -5,695 -17.0%
WRLD -4,922 -15.6%
HAE -4,680 -24.6%
CST BRANDS INC -4,026 -16.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type