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) 768

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

Sector Weighting

Basic Materials 10.43%
Capital Goods 1.27%
Conglomerates 2.19%
Consumer Cyclical 3.36%
Consumer/Non-Cyclical 1%
Energy 4.64%
Financial 10.83%
Healthcare 9.87%
Services 27.63%
Technology 13.62%
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
BRISTOW GROUP INC COM -26,235 Sold Out 0
COVANCE INC COM -11,745 Sold Out 0
HUNTINGTON INGALLS INDS INC COM -39,791 Sold Out 0
ISHARES TR RUS 2000 VAL ETF -323 Sold Out 0
JOHN BEAN TECHNOLOGIES CORP COM -13,638 Sold Out 0
HORACE MANN EDUCATORS CORP NEW COM 365 -18,227 (98.04) 12,600
CUMBERLAND PHARMACEUTICALS INC COM 1,586 -1,012 (38.97) 352,350
CARETRUST REIT INC COM 2,620 2,620 New 149,800
NTELOS HLDGS CORP COM NEW 2,936 -64 (2.12) 238,675
LUMOS NETWORKS CORP COM 3,714 -187 (4.79) 242,775
ZIX CORP COM 3,815 3,815 New 1,128,800
UNITED ONLINE INC COM NEW 4,012 4,012 New 382,800
BRAVO BRIO RESTAURANT GROUP IN COM 4,535 -169 (3.6) 296,575
ENSIGN GROUP INC COM 4,937 4,937 New 149,800
UNIVEST CORP PA COM 4,977 2,998 151.44 262,500
BLACK BOX CORP DEL COM 6,546 -188 (2.79) 290,800
VASCULAR SOLUTIONS INC COM 7,183 -259 (3.49) 290,800
COMVERSE INC COM 7,467 -258 (3.34) 285,975
QUALITY DISTR INC FLA COM 7,701 -254 (3.19) 547,700
OWENS CORNING NEW COM 7,702 New 220,000