KESTREL INVESTMENT MANAGEMENT CORP Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 55
New Positions 4
Increased Positions 5
Decreased Positions 50
Positions with Activity 55
Sold Out Positions 6
Total Mkt Value (in $ millions) 784

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

Sector Weighting

Basic Materials 11.24%
Capital Goods 3.19%
Conglomerates 2.7%
Consumer Cyclical 3.54%
Consumer/Non-Cyclical 1.17%
Energy 8.78%
Financial 11.51%
Healthcare 10.58%
Services 19.91%
Technology 9.79%
Transportation 15%
Utilities

55 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▲ Change in Value ($1,000s) Change (%) Shares Held
DEVRY ED GROUP INC COM -43,519 Sold Out 0
HARTE-HANKS INC COM -227 Sold Out 0
MAGELLAN HEALTH SVCS INC COM NEW -26,270 Sold Out 0
NAVIGATORS GROUP INC COM -1,784 Sold Out 0
OPLINK COMMUNICATIONS INC COM NEW -7,260 Sold Out 0
RUBY TUESDAY INC COM -11,269 Sold Out 0
ISHARES RUS 2000 VAL ETF 326 -318 (49.39) 3,290
UNIVEST CORP PA COM 2,070 2,070 New 104,400
CUMBERLAND PHARMACEUTICALS INC COM 2,575 -107 (3.99) 577,339
NTELOS HLDGS CORP COM NEW 3,170 -700 (18.1) 243,850
LUMOS NETWORKS CORP COM 3,215 -651 (16.85) 254,975
FLUSHING FINL CORP COM 3,754 3,754 New 187,400
BRAVO BRIO RESTAURANT GROUP IN COM 4,627 -200 (4.14) 307,650
BLACK BOX CORP DEL COM 6,704 -1,333 (16.59) 299,150
VASCULAR SOLUTIONS INC COM 7,186 -260 (3.49) 301,300
QUALITY DISTR INC FLA COM 7,304 -284 (3.74) 565,750
COMVERSE INC COM 7,813 -1,587 (16.88) 295,850
AMERICAS CAR MART INC COM 8,107 -1,691 (17.26) 220,550
ALBEMARLE CORP COM 8,402 -4,934 (37) 126,000
CAREFUSION CORP COM 8,855 -5,198 (36.99) 230,000