0000917579-13-000001.txt : 20130211 0000917579-13-000001.hdr.sgml : 20130211 20130211123137 ACCESSION NUMBER: 0000917579-13-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130211 DATE AS OF CHANGE: 20130211 EFFECTIVENESS DATE: 20130211 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: 13590190 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 q4-2012f.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: December 31, 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 February 11, 2013 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: 51 Form 13F Information Table Value Total: $746,384 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 16893 643800 SH Sole 626000 17800 Arris Group Inc 04269Q100 24436 1635600 SH Sole 1586000 49600 Bally Technologies Inc 05874B107 21369 477950 SH Sole 465050 12900 Basic Energy Services 06985P100 11513 1009000 SH Sole 978000 31000 Black Box Corp 091826107 8153 334950 SH Sole 324950 10000 Brinker International 109641100 30057 969900 SH Sole 941700 28200 Bristow Group 110394103 21947 409000 SH Sole 396500 12500 CACI International 127190304 17965 326450 SH Sole 316950 9500 CareFusion Corp 14170T101 10432 365000 SH Sole 365000 Comverse Inc 20585P105 3466 121500 SH Sole 118100 3400 Covance Inc 222816100 12132 210000 SH Sole 210000 Cumberland Pharmaceut 230770109 2627 625539 SH Sole 592539 33000 DeVry, Inc 251893103 24627 1037800 SH Sole 1011700 26100 EPL Oil & Gas, Inc 26883D108 17777 788350 SH Sole 764550 23800 Engility Holdings 29285W104 10647 552816 SH Sole 536316 16500 FMC Corp 302491303 51111 873400 SH Sole 848600 24800 First American Financial 31847R102 26035 1080750 SH Sole 1049450 31300 GameStopCorp 36467W109 12294 490000 SH Sole 490000 GrafTech Intl 384313102 18356 1954800 SH Sole 1894900 59900 HCC Insurance Holdings 404132102 24827 667200 SH Sole 648600 18600 Haemonetics Corp 405024100 21216 519500 SH Sole 504300 15200 Harte-Hanks Inc 416196103 7971 1351050 SH Sole 1311650 39400 Hecla Mining 422704106 23304 3997250 SH Sole 3876450 120800 Horace Mann Educatrs 440327104 14466 724750 SH Sole 702550 22200 Huntington Ingalls Ind 446413106 21226 489750 SH Sole 475850 13900 Imation Corp 45245A107 3709 794300 SH Sole 772200 22100 John Bean Technologies 477839104 1722 96900 SH Sole 94200 2700 L-3 Communications 502424104 9961 130000 SH Sole 130000 Legg Mason Inc 524901105 7973 310000 SH Sole 310000 LifePoint Hospitals 53219L109 751 19900 SH Sole 19900 Lorillard Inc 544147101 11667 100000 SH Sole 100000 Lumos Networks 550283105 2822 281625 SH Sole 273675 7950 Magellan Health Svcs 559079207 22168 452400 SH Sole 439300 13100 Matson, Inc 57686G105 15549 629000 SH Sole 610100 18900 Matthews International 577128101 9901 308450 SH Sole 299650 8800 Monster Worldwide Inc 611742107 13130 2336250 SH Sole 2258450 77800 NTELOS Holdings 67020Q305 3671 280025 SH Sole 272075 7950 Navigators Group 638904102 9739 190700 SH Sole 185500 5200 Oplink Communications 68375Q403 11319 726510 SH Sole 704310 22200 Owens Corning 690742101 11282 305000 SH Sole 305000 PharMerica Corp 71714F104 11047 775750 SH Sole 752350 23400 Post Holdings 737446104 14210 414900 SH Sole 398400 16500 Questar Corp 748356102 21856 1106050 SH Sole 1073850 32200 Schweitzer-Mauduit Intl 808541106 15487 396800 SH Sole 385200 11600 SkyWest Inc 830879102 14846 1191500 SH Sole 1155700 35800 Symmetricom Inc 871543104 3945 683750 SH Sole 648650 35100 Tech Data 878237106 16905 371300 SH Sole 360400 10900 Unum Group 91529Y106 11763 565000 SH Sole 565000 Vascular Solutions 92231M109 4514 285700 SH Sole 271600 14100 Websense Inc 947684106 10142 674350 SH Sole 654850 19500 World Acceptance 981419104 31457 421900 SH Sole 410200 11700