KESTREL INVESTMENT MANAGEMENT CORP

Q3 2026 13F-HR Holdings

Location
San Mateo, CA
Holdings as of
9/30/2026
Date filed
11/2/2026
Form type
13F-HR
Num holdings
39
Total value ($000)
$173,378
Net value change ($000)
-10,302 (-5.6%)
New positions
3
Sold out positions
4
Turnover %
14.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/4/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
FCN 5,037 NEW
SLM 3,072 142.6%
OPCH 2,715 NEW
HAE 2,214 30.3%
FOUR 1,903 NEW
ITGR 1,853 26.4%
THC 1,759 34.6%
NSIT 1,606 20.7%
EXLS 1,015 22.8%
ATKR 942 16.7%
Top Reduces (Value $000, Stocks/ETFs)
PLAB -6,521 -100.0%
PHIN -4,273 -31.7%
AVNS -3,479 -100.0%
PBH -3,307 -100.0%
CCRN -2,207 -100.0%
SMG -2,027 -31.3%
BHF -1,466 -25.6%
AX -1,428 -15.4%
TRS -1,364 -20.3%
ECVT -1,336 -26.5%
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