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) 769

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

Sector Weighting

Basic Materials 10.48%
Capital Goods 1.29%
Conglomerates 2.15%
Consumer Cyclical 3.4%
Consumer/Non-Cyclical 1.01%
Energy 4.64%
Financial 10.94%
Healthcare 9.8%
Services 27.48%
Technology 13.69%
Transportation 8.92%
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 11,792 -135 (1.14) 646,475
ALBEMARLE CORP COM 8,679 New 126,000
AMERICAS CAR MART INC COM 7,796 -179 (2.24) 215,600
ATLAS AIR WORLDWIDE HLDGS INC COM NEW 15,157 -299 (1.94) 434,425
AVNET INC COM 10,785 New 245,000
BABCOCK & WILCOX CO NEW COM 9,284 New 286,000
BALLY TECHNOLOGIES INC COM 26,129 -455 (1.71) 420,425
BLACK BOX CORP DEL COM 6,366 -183 (2.79) 290,800
BRAVO BRIO RESTAURANT GROUP IN COM 4,523 -169 (3.6) 296,575
BRINKER INTL INC COM 37,994 -868 (2.23) 838,350
BRISTOW GROUP INC COM -26,328 Sold Out 0
CACI INTL INC CL A 19,529 -308 (1.55) 280,625
CAREFUSION CORP COM 10,352 New 230,000
CARETRUST REIT INC COM 2,668 2,668 New 149,800
COMVERSE INC COM 7,427 -256 (3.34) 285,975
COVANCE INC COM -11,529 Sold Out 0
CST BRANDS INC COM 21,415 -431 (1.97) 647,375
CUMBERLAND PHARMACEUTICALS INC COM 1,596 -1,019 (38.97) 352,350
EDWARDS LIFESCIENCES CORP COM 10,443 New 123,000
ENERGY XXI BERMUDA LTD USD UNRS SHS 23,526 -568 (2.36) 1,132,709