KESTREL INVESTMENT MANAGEMENT CORP

Q2 2026 13F-HR Holdings

Location
San Mateo, CA
Holdings as of
6/30/2026
Date filed
8/4/2026
Form type
13F-HR
Num holdings
40
Total value ($000)
$183,680
Net value change ($000)
+16,214 (9.7%)
New positions
3
Sold out positions
2
Turnover %
12.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/5/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q1 2026
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)
WEX 5,206 NEW
SMG 4,084 170.9%
NSIT 3,493 81.8%
PHIN 2,270 20.3%
SLM 2,154 NEW
RAMP 2,033 NEW
HAE 1,816 33.1%
EXLS 1,811 68.8%
XHR 1,629 37.3%
CNO 1,521 24.2%
Top Reduces (Value $000, Stocks/ETFs)
TPH -10,283 -100.0%
AAMI -3,395 -100.0%
GTM -1,669 -51.0%
PLAB -1,579 -19.5%
UPWK -1,126 -23.7%
PBH -845 -20.4%
VTOL -723 -11.9%
BLKB -549 -23.3%
CNXC -484 -18.1%
SMPL -276 -7.5%
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