We are live on !
Find out more
Kestrel Investment Management Portfolio holdings
AUM
$173M
Turnover
16.28%
1-Year Est. Return
27.72%
This Fund
S&P 500
This Quarter Est. Return
+4.97%
1 Year Est. Return
+27.72%
3 Year Est. Return
+99.84%
5 Year Est. Return
+150.49%
10 Year Est. Return
+704.26%
AUM
$173M
AUM Growth
-$10.3M
(-5.6%)
Cap. Flow
-$11.4M
Cap. Flow % of AUM
Cap. Flow %
-6.58%
Top 10 Holdings %
Top 10 Hldgs %
45.25%
Holding
43
New
3
Increased
1
Reduced
35
Closed
4
Avg Time Held
1.9
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FTI Consulting
FCN
|
+$5.69M |
| 2 |
SLM Corp
SLM
|
+$3.81M |
| 3 |
Option Care Health
OPCH
|
+$2.78M |
| 4 |
Shift4
FOUR
|
+$2.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Photronics
PLAB
|
+$6.52M |
| 2 |
Avanos Medical
AVNS
|
+$3.48M |
| 3 |
Prestige Consumer Healthcare
PBH
|
+$3.31M |
| 4 |
Cross Country Healthcare
CCRN
|
+$2.21M |
| 5 |
Haemonetics
HAE
|
+$651K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.18% |
| 2 | Financials | 20.73% |
| 3 | Healthcare | 16.12% |
| 4 | Industrials | 9.09% |
| 5 | Materials | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Haemonetics
HAE
$5.46B
| $9.5M | 5.49% |
90,400
-7,000
| -7% | -$651K |
2025 Q3
4 quarters
|
|
2
Insight Enterprises
NSIT
$4.56B
| $9.37M | 5.41% |
59,950
-3,800
| -6% | -$538K |
2026 Q1
2 quarters
|
|
3
Phinia Inc
PHIN
$2.48B
| $9.19M | 5.3% |
154,700
-8,800
| -5% | -$631K |
2023 Q3
12 quarters
|
|
4
Integer Holdings
ITGR
$4.3B
| $8.88M | 5.12% |
70,250
-4,900
| -7% | -$568K |
2025 Q4
3 quarters
|
|
5
Axos Financial
AX
$5.26B
| $7.84M | 4.52% |
90,550
-4,600
| -5% | -$444K |
2023 Q2
13 quarters
|
|
6
CNO Financial Group
CNO
$5.09B
| $7.67M | 4.42% |
144,950
-8,300
| -5% | -$449K |
2020 Q1
26 quarters
|
|
7
Tenet Healthcare
THC
$22.5B
| $6.84M | 3.95% |
26,775
-400
| -1% | -$98.4K |
2022 Q4
15 quarters
|
|
8
NCR Atleos
NATL
$3.49B
| $6.71M | 3.87% |
148,550
-8,300
| -5% | -$384K |
2023 Q4
11 quarters
|
|
9
DELISTED
Atkore
ATKR
| $6.58M | 3.8% |
69,450
-4,700
| -6% | -$407K |
2025 Q1
6 quarters
|
|
10
WEX
WEX
$5.99B
| $5.85M | 3.38% |
34,700
-2,200
| -6% | -$399K |
2026 Q2
1 quarter
|
|
11
EXL Service
EXLS
$6.51B
| $5.46M | 3.15% |
158,800
-13,100
| -8% | -$437K |
2026 Q1
2 quarters
|
|
12
Covista Inc
CVSA
$3.67B
| $5.44M | 3.14% |
44,500
-2,800
| -6% | -$356K |
2022 Q2
17 quarters
|
|
13
TriMas Corp
TRS
$1.39B
| $5.37M | 3.1% |
139,150
-10,400
| -7% | -$412K |
2026 Q1
2 quarters
|
|
|
14
SLM Corp
SLM
$3.18B
| $5.23M | 3.01% |
230,950
+147,900
| +178% | +$3.81M |
2026 Q2
1 quarter
|
|
15
Xenia Hotels & Resorts
XHR
$1.97B
| $5.08M | 2.93% |
281,050
-13,600
| -5% | -$263K |
2024 Q1
10 quarters
|
|
|
16
FTI Consulting
FCN
$5.33B
| $5.04M | 2.91% |
+37,450
| New | +$5.69M |
2026 Q3
0 quarters
|
|
17
QCR Holdings
QCRH
$1.64B
| $5.03M | 2.9% |
51,350
-4,300
| -8% | -$433K |
2025 Q4
3 quarters
|
|
18
Bristow Group
VTOL
$1.09B
| $4.87M | 2.81% |
119,600
-10,100
| -8% | -$446K |
2025 Q3
4 quarters
|
|
19
ScottsMiracle-Gro
SMG
$3.77B
| $4.45M | 2.57% |
88,750
-6,300
| -7% | -$388K |
2026 Q1
2 quarters
|
|
20
Brighthouse Financial
BHF
$2.45B
| $4.26M | 2.46% |
85,300
-5,100
| -6% | -$294K |
2021 Q1
22 quarters
|
|
21
Preferred Bank
PFBC
$1.22B
| $3.96M | 2.29% |
37,850
-1,900
| -5% | -$200K |
2024 Q1
10 quarters
|
|
22
Ecovyst
ECVT
$1.14B
| $3.71M | 2.14% |
377,500
-27,900
| -7% | -$307K |
2025 Q4
3 quarters
|
|
23
Koppers
KOP
$567M
| $3.59M | 2.07% |
78,650
-4,800
| -6% | -$228K |
2025 Q1
6 quarters
|
|
24
Upwork
UPWK
$1.26B
| $3.32M | 1.92% |
407,400
-25,600
| -6% | -$226K |
2024 Q3
8 quarters
|
|
25
Cars.com
CARS
$695M
| $2.91M | 1.68% |
283,050
-22,700
| -7% | -$264K |
2025 Q4
3 quarters
|
|
Similar funds
KCM
Kestrel Investment Management's Q3 2026 Portfolio in Review
As of Q3 2026, Kestrel Investment Management held 43 positions worth $173M, down 5.6% from $184M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Kestrel Investment Management withdrew a net $11.4M in Q3 2026, closing 4 positions and reducing 35 holdings. Its most notable exit was Photronics, an estimated $6.52M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Kestrel Investment Management opened a new position in FTI Consulting worth $5.04M.
- Kestrel Investment Management's largest Q3 2026 buy was FTI Consulting: 37,450 shares worth $5.04M.
- Kestrel Investment Management added most to SLM Corp in Q3 2026, an estimated $3.81M increase.
- Kestrel Investment Management's biggest Q3 2026 reduction was Haemonetics, cutting an estimated $651K.
- Kestrel Investment Management fully exited Photronics in Q3 2026, selling an estimated $6.52M.
- Kestrel Investment Management's ten largest holdings make up 45% of its $173M portfolio in Q3 2026.
- Kestrel Investment Management opened 3 new positions and closed 4 in Q3 2026.
- Kestrel Investment Management's portfolio value fell 5.6% quarter-over-quarter to $173M.
Based on Kestrel Investment Management's 13F filing for Q3 2026, filed 2 Nov 2026.