Kestrel Investment Management Corp 13F annual report
Kestrel Investment Management Corp is an investment fund managing more than $151 million ran by David Steirman. There are currently 37 companies in Mr. Steirman’s portfolio. The largest investments include Tenet Healthcare and Adtalem Global Educ Inc, together worth $21.3 million.
$151 million Assets Under Management (AUM)
As of 2nd August 2024, Kestrel Investment Management Corp’s top holding is 90,000 shares of Tenet Healthcare currently worth over $12 million and making up 7.9% of the portfolio value.
Relative to the number of outstanding shares of Tenet Healthcare, Kestrel Investment Management Corp owns more than approximately 0.1% of the company.
In addition, the fund holds 136,000 shares of Adtalem Global Educ Inc worth $9.28 million.
The third-largest holding is Tri Pointe Homes worth $8.32 million and the next is Dt Midstream Inc worth $7.6 million, with 106,975 shares owned.
Currently, Kestrel Investment Management Corp's portfolio is worth at least $151 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Kestrel Investment Management Corp
The Kestrel Investment Management Corp office and employees reside in San Mateo, California. According to the last 13-F report filed with the SEC, David Steirman serves as the President, CCO at Kestrel Investment Management Corp.
Recent trades
In the most recent 13F filing, Kestrel Investment Management Corp revealed that it had opened a new position in
Progyny Inc and bought 174,950 shares worth $5.01 million.
On the other hand, there are companies that Kestrel Investment Management Corp is getting rid of from its portfolio.
Kestrel Investment Management Corp closed its position in California Resources on 9th August 2024.
It sold the previously owned 138,300 shares for $7.62 million.
One of the smallest hedge funds
The two most similar investment funds to Kestrel Investment Management Corp are Asset Allocation & Management and Gold Dragon Worldwide Asset Management Ltd. They manage $151 million and $151 million respectively.
David Steirman investment strategy
Kestrel Investment Management Corp’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Finance — making up 18.1% of
the total portfolio value.
The fund focuses on investments in the United States as
48.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
3% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $2.12 billion.
The complete list of Kestrel Investment Management Corp trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Tenet Healthcare Corp. |
No change
90,000
|
$11,973,000 | 7.93% |
| Adtalem Global Educ Inc |
No change
136,000
|
$9,277,000 | 6.15% |
| Tri Pointe Homes Inc. |
No change
223,450
|
$8,324,000 | 5.51% |
| California Resources Corporation |
Closed
138,300
|
$7,620,000 | |
| Dt Midstream Inc |
No change
106,975
|
$7,598,000 | 5.03% |
| Gibraltar Industries Inc. |
Closed
89,750
|
$7,228,000 | |
| Phinia Inc |
No change
168,600
|
$6,636,000 | 4.40% |
| Radian Group, Inc. |
No change
198,000
|
$6,158,000 | 4.08% |
| Victory Capital Holdings Inc |
No change
128,400
|
$6,129,000 | 4.06% |
| Axos Financial Inc. |
No change
98,450
|
$5,626,000 | 3.73% |
| Vista Outdoor Inc |
Closed
161,250
|
$5,286,000 | |
| CNX Resources Corp |
No change
210,850
|
$5,124,000 | 3.39% |
| Progyny Inc |
Opened
174,950
|
$5,005,000 | 3.32% |
| Edgewell Personal Care Co |
Opened
120,800
|
$4,855,000 | 3.22% |
| Blackbaud Inc |
Opened
62,950
|
$4,795,000 | 3.18% |
| Dun Bradstreet Hldgs Inc |
Opened
485,000
|
$4,491,000 | 2.97% |
| Ncr Atleos Corp |
No change
162,550
|
$4,392,000 | 2.91% |
| Xenia Hotels And Resorts |
No change
305,550
|
$4,379,000 | 2.90% |
| CNO Financial Group Inc |
No change
157,150
|
$4,356,000 | 2.89% |
| Perficient Inc. |
No change
55,800
|
$4,173,000 | 2.76% |
| Brighthouse Financial, Inc. |
No change
91,900
|
$3,983,000 | 2.64% |
| The Odp Corp |
No change
95,500
|
$3,750,000 | 2.48% |
| Berkshire Hills Bancorp Inc. |
No change
139,150
|
$3,173,000 | 2.10% |
| Vitesse Energy Inc |
No change
133,250
|
$3,158,000 | 2.09% |
| Preferred Bank |
No change
41,250
|
$3,114,000 | 2.06% |
| SP Plus Corp |
Closed
56,500
|
$2,950,000 | |
| Integra Lifesciences Hldgs Cor |
No change
99,350
|
$2,895,000 | 1.92% |
| Adeia Inc |
No change
258,513
|
$2,891,000 | 1.91% |
| Avanos Medical Inc |
No change
144,450
|
$2,877,000 | 1.91% |
| Science App Intl Corp |
No change
23,850
|
$2,804,000 | 1.86% |
| Driven Brands Holdings Inc. |
No change
213,600
|
$2,719,000 | 1.80% |
| Metallus Inc |
Opened
133,700
|
$2,710,000 | 1.80% |
| Prestige Consumer Healthcare I |
Opened
36,375
|
$2,504,000 | 1.66% |
| Cross Country Healthcare Inc |
No change
169,400
|
$2,344,000 | 1.55% |
| Hireright Hldgs Corp |
Closed
161,050
|
$2,298,000 | |
| Dine Brands Global Inc |
No change
53,250
|
$1,928,000 | 1.28% |
| Southside Bancshares Inc |
No change
69,600
|
$1,922,000 | 1.27% |
| Daseke Inc |
Closed
212,550
|
$1,764,000 | |
| Ranger Energy Srvcs Inc |
Opened
147,400
|
$1,551,000 | 1.03% |
| Brightsphere Inv Group Inc |
No change
63,381
|
$1,405,000 | 0.93% |
| Radiant Logistics, Inc. |
No change
127,799
|
$727,000 | 0.48% |
| Consensus Cloud Solns Inc |
No change
36,100
|
$620,000 | 0.41% |
| Xperi Inc |
No change
73,321
|
$602,000 | 0.40% |
| Open Lending, LLC |
Closed
90,000
|
$563,000 | |
| No transactions found | |||
| Showing first 500 out of 44 holdings | |||
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