Kestrel Investment Management
Kestrel Investment Management reported 39 stocks worth $173M in its 13F filing for Q3 2026, filed Nov 2, 2026. Its largest holdings are HAE (5.5%), NSIT (5.4%) and PHIN (5.3%). Compared with Q2 2026, the fund opened new positions in FCN, OPCH and FOUR, added to SLM, trimmed HAE, NSIT and PHIN and sold out of PLAB and PBH.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  HAE Haemonetics Corp Mass | $9.5M | 5.5% | 90K | −7,000 (−7%) | 5 of 8 | |
| 2 |  NSIT Insight Enterprises Inc | $9.4M | 5.4% | 60K | −3,800 (−6%) | 3 of 8 | |
| 3 |  PHIN Phinia Inc | $9.2M | 5.3% | 155K | −8,800 (−5%) | 8 of 8 | |
| 4 |  ITGR Integer Hldgs Corp | $8.9M | 5.1% | 70K | −4,900 (−7%) | 4 of 8 | |
| 5 |  AX Axos Financial Inc | $7.8M | 4.5% | 91K | −4,600 (−5%) | 8 of 8 | |
| 6 |  CNO Cno Finl Group Inc | $7.7M | 4.4% | 145K | −8,300 (−5%) | 8 of 8 | |
| 7 |  THC Tenet Healthcare Corp | $6.8M | 4.0% | 27K | −400 (−1%) | 8 of 8 | |
| 8 |  NATL Ncr Atleos Corporation | $6.7M | 3.9% | 149K | −8,300 (−5%) | 8 of 8 | |
| 9 | ATKORE INC | $6.6M | 3.8% | 69K | −4,700 (−6%) | 7 of 8 | |
| 10 |  WEX Wex Inc | $5.9M | 3.4% | 35K | −2,200 (−6%) | 2 of 8 |
Positions at Sep 30, 2026, as reported. Change is against the fund's Q2 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q2 2026, gone in Q3 2026
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q3 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Nov 2, 2026 | 13F-HR | Q3 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Kestrel Investment Management 13F FAQ
What does Kestrel Investment Management own?
Kestrel Investment Management reported 39 stocks worth $173M in its 13F filing for Q3 2026, filed Nov 2, 2026. Its largest holdings are HAE (5.5%), NSIT (5.4%) and PHIN (5.3%). The table above lists every position in the filing (the top 10 without an account).
What did Kestrel Investment Management buy and sell in Q3 2026?
Compared with Q2 2026: 3 new positions, 1 added to, 35 trimmed and 4 sold out. New positions include FCN, OPCH and FOUR. It sold all of PLAB and PBH.
When will Kestrel Investment Management file its next 13F?
Holdings as of Dec 31, 2026 are due by Feb 15, 2027. The filing appears on this page within minutes of reaching the SEC.
How much is Kestrel Investment Management's portfolio worth?
The Q3 2026 filing reports $173M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.