KESTREL INVESTMENT MANAGEMENT CORP Information

411 BOREL AVE, SAN MATEO, California, 94402, (650) 572-9469

Report Date: 03/31/2014

Position Statistics

Total Positions 60
New Positions 11
Increased Positions 14
Decreased Positions 39
Positions with Activity 53
Sold Out Positions 5
Total Mkt Value (in $ millions) 774

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 10.47%
Capital Goods 1.29%
Conglomerates 2.27%
Consumer Cyclical 3.28%
Consumer/Non-Cyclical 1.05%
Energy 4.63%
Financial 10.43%
Healthcare 9.86%
Services 27.38%
Technology 13.8%
Transportation 9.37%
Utilities

60 Positions as of 03/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ACACIA RESH CORP ACACIA TCH COM 10,072 -116 (1.14) 646,475
CACI INTL INC CL A 19,285 -304 (1.55) 280,625
MATTHEWS INTL CORP CL A 11,367 -328 (2.8) 263,550
GULFMARK OFFSHORE INC CL A NEW 21,017 -479 (2.23) 503,525
ALBEMARLE CORP COM 8,845 New 126,000
AMERICAS CAR MART INC COM 8,227 -189 (2.24) 215,600
AVNET INC COM 10,858 New 245,000
BABCOCK & WILCOX CO NEW COM 9,467 New 286,000
BALLY TECHNOLOGIES INC COM 25,373 -442 (1.71) 420,425
BLACK BOX CORP DEL COM 6,418 -184 (2.79) 290,800
BRAVO BRIO RESTAURANT GROUP IN COM 4,567 -171 (3.6) 296,575
BRINKER INTL INC COM 38,036 -869 (2.23) 838,350
BRISTOW GROUP INC COM -26,629 Sold Out 0
CAREFUSION CORP COM 10,258 New 230,000
CARETRUST REIT INC COM 2,698 2,698 New 149,800
COMVERSE INC COM 7,518 -260 (3.34) 285,975
COVANCE INC COM -11,368 Sold Out 0
CST BRANDS INC COM 21,506 -433 (1.97) 647,375
CUMBERLAND PHARMACEUTICALS INC COM 1,589 -1,015 (38.97) 352,350
EDWARDS LIFESCIENCES CORP COM 10,496 New 123,000