0000917579-12-000008.txt : 20121113 0000917579-12-000008.hdr.sgml : 20121112 20121113113239 ACCESSION NUMBER: 0000917579-12-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121113 DATE AS OF CHANGE: 20121113 EFFECTIVENESS DATE: 20121113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KESTREL INVESTMENT MANAGEMENT CORP CENTRAL INDEX KEY: 0000917579 IRS NUMBER: 943173193 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04060 FILM NUMBER: 121196987 BUSINESS ADDRESS: STREET 1: 411 BOREL AVE STREET 2: SUITE 403 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 6505729469 MAIL ADDRESS: STREET 1: 411 BOREL AVE STREET 2: SUITE 403 CITY: SAN MATEO STATE: CA ZIP: 94402 13F-HR 1 q3-2012f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Kestrel Investment Management Corporation Address: 411 Borel Avenue Suite 403 San Mateo, CA 94402 13F File Number: 28-4060 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: David J. Steirman Title: President Phone: 650-572-9450 Signature, Place, and Date of Signing: David J. Steirman San Mateo CA November 12, 2012 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 49 Form 13F Information Table Value Total: $747,023 List of Other Included Managers: FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Ameristar Casinos 03070Q101 11696 657100 SH Sole 639300 17800 Arris Group Inc 04269Q100 21432 1675700 SH Sole 1626100 49600 Bally Technologies Inc 05874B107 24411 494250 SH Sole 481350 12900 Basic Energy Services 06985P100 11597 1033600 SH Sole 1002600 31000 Black Box Corp 091826107 8787 344350 SH Sole 334350 10000 Brinker International 109641100 35095 994200 SH Sole 966000 28200 Bristow Group 110394103 21191 419200 SH Sole 406700 12500 Broadridge Financial 11133T103 26491 1135500 SH Sole 1109600 25900 CACI International 127190304 17585 339550 SH Sole 330050 9500 CareFusion Corp 14170T101 10362 365000 SH Sole 365000 Covance Inc 222816100 9805 210000 SH Sole 210000 Cumberland Pharmaceut 230770109 4250 657939 SH Sole 624939 33000 DeVry, Inc 251893103 12063 530000 SH Sole 530000 EPL Oil & Gas, Inc 26883D108 16387 807650 SH Sole 783850 23800 Engility Holdings 29285W104 10456 566716 SH Sole 550216 16500 FMC Corp 302491303 49388 891800 SH Sole 867000 24800 First American Financial 31847R102 23998 1107450 SH Sole 1076150 31300 GameStopCorp 36467W109 10290 490000 SH Sole 490000 HCC Insurance Holdings 404132102 23157 683300 SH Sole 664700 18600 Haemonetics Corp 405024100 21405 266900 SH Sole 259300 7600 Harte-Hanks Inc 416196103 9582 1382750 SH Sole 1343350 39400 Hecla Mining 422704106 26824 4095250 SH Sole 3974450 120800 Horace Mann Educatrs 440327104 13455 742950 SH Sole 720750 22200 Huntington Ingalls Ind 446413106 21090 501550 SH Sole 487650 13900 Imation Corp 45245A107 4570 817600 SH Sole 795500 22100 L-3 Communications 502424104 9322 130000 SH Sole 130000 Landec Corp 514766104 1546 135000 SH Sole 127900 7100 Legg Mason Inc 524901105 7651 310000 SH Sole 310000 LifePoint Hospitals 53219L109 23465 548500 SH Sole 533400 15100 Lorillard Inc 544147101 11645 100000 SH Sole 100000 Lumos Networks 550283105 2265 288225 SH Sole 280275 7950 Magellan Health Svcs 559079207 23921 463500 SH Sole 450400 13100 Matthews International 577128101 9407 315450 SH Sole 306650 8800 Monster Worldwide Inc 611742107 17581 2398450 SH Sole 2320650 77800 NCR Corp 62886E108 30459 1306700 SH Sole 1275800 30900 NTELOS Holdings 67020Q305 4975 286425 SH Sole 278475 7950 Navigators Group 638904102 9589 194800 SH Sole 189600 5200 Oplink Communications 68375Q403 12293 743250 SH Sole 721050 22200 Owens Corning 690742101 10205 305000 SH Sole 305000 Post Holdings 737446104 12914 429600 SH Sole 413100 16500 Questar Corp 748356102 23011 1131850 SH Sole 1099650 32200 Schweitzer-Mauduit Intl 808541106 13440 407400 SH Sole 395800 11600 SkyWest Inc 830879102 4111 398000 SH Sole 387100 10900 Symmetricom Inc 871543104 4968 712750 SH Sole 677650 35100 Tech Data 878237106 17191 379900 SH Sole 369000 10900 Vascular Solutions 92231M109 4394 296900 SH Sole 282800 14100 Websense Inc 947684106 10838 692550 SH Sole 673050 19500 World Acceptance 981419104 29118 431700 SH Sole 420000 11700 eHealth Inc 28238P109 7343 391200 SH Sole 379900 11300