-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Fc59aYjIdx4LmufOHR7Sjjp6JE1hoVyu9NtbQnxnYmMh7ov0oFlpEIkfUun3iCO7 9138SCITwXU+8zhosCm5Kw== 0000917579-05-000001.txt : 20050211 0000917579-05-000001.hdr.sgml : 20050211 20050211172649 ACCESSION NUMBER: 0000917579-05-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041231 FILED AS OF DATE: 20050211 DATE AS OF CHANGE: 20050211 EFFECTIVENESS DATE: 20050211 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: 05600353 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 q4-2004f.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, 2004 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 10, 2005 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: 63 Form 13F Information Table Value Total: $924,833 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 DSCRETNMANAGERS SOLE SHARED NONE Amer Pwr Conversion COM 029066107 13910 650000 SH SOLE 650000 0 0 Applebees Intl COM 037899101 25734 972925 SH SOLE 937063 0 35862 Apria Healthcare Grp COM 037933108 26574 806500 SH SOLE 779100 0 27400 Arkansas Best Corp COM 040790107 16762 373400 SH SOLE 358300 0 15100 Astoria Financial COM 046265104 12990 325000 SH SOLE 325000 0 0 Bank of Hawaii Corp COM 062540109 32953 649450 SH SOLE 626050 0 23400 Bedford Property Inv COM 076446301 10608 373400 SH SOLE 358700 0 14700 Borders Group Inc COM 099709107 20963 825300 SH SOLE 789100 0 36200 Castle Energy COM PAR$0.50N 148449309 9711 777550 SH SOLE 737250 0 40300 Christopher and Banks COM 171046105 21524 1166600 SH SOLE 1121500 0 45100 Commonwlth Telephone COM 203349105 25555 514600 SH SOLE 494300 0 20300 CorVel Corp COM 221006109 15989 597050 SH SOLE 574750 0 22300 Craftmade Intl COM 22413E104 3161 160300 SH SOLE 149400 0 10900 Cullen Frost Bankers COM 229899109 11907 245000 SH SOLE 245000 0 0 D&K Healthcare Res COM 232861104 1802 224400 SH SOLE 209400 0 15000 Dollar Thrifty Auto COM 256743105 15112 500400 SH SOLE 479100 0 21300 El Paso Electric COM NEW 283677854 16250 857950 SH SOLE 826650 0 31300 EnPro Industries COM 29355X107 46063 1557760 SH SOLE 1499880 0 57880 Fisher Scientific COM 338032204 52 840 SH SOLE 840 0 0 Genesis HealthCare COM 37184D101 19746 563700 SH SOLE 541300 0 22400 Hibbett Sporting Good COM 428565105 21 800 SH SOLE 800 0 0 Highwoods Properties COM 431284108 22 800 SH SOLE 800 0 0 Humana Inc COM 444859102 43232 1456100 SH SOLE 1399900 0 56200 IMS Health Inc COM 449934108 8937 385039 SH SOLE 385039 0 0 J & J Snack Foods COM 466032109 11811 240900 SH SOLE 231200 0 9700 Laboratory Corp COM 50540R409 14199 285000 SH SOLE 285000 0 0 Lancaster Colony COM 513847103 15341 357850 SH SOLE 345550 0 12300 Landstar System Inc COM 515098101 62933 854600 SH SOLE 825200 0 29400 Lawson Products COM 520776105 15047 299800 SH SOLE 289500 0 10300 LifePoint Hospitals COM 53219L109 13326 382700 SH SOLE 366600 0 16100 Lincoln National COM 534187109 8029 172000 SH SOLE 172000 0 0 MTR Gaming Group COM 553769100 1918 181611 SH SOLE 174011 0 7600 MacDermid COM 554273102 13025 360800 SH SOLE 345600 0 15200 Movie Gallery Inc COM 624581104 10391 544900 SH SOLE 524100 0 20800 Neenah Paper COM 640079109 24502 751600 SH SOLE 723700 0 27900 OceanFirst Financial COM 675234108 3431 139200 SH SOLE 130600 0 8600 Oceaneering Intl COM 675232102 2116 56700 SH SOLE 52200 0 4500 Octel Corp COM 675727101 1779 85500 SH SOLE 81000 0 4500 PFF Bancorp COM 69331W104 32182 694630 SH SOLE 668330 0 26300 PICO Holdings Inc COM 693366205 5471 263400 SH SOLE 246800 0 16600 Par Pharmaceutical COM 69888P106 25622 619200 SH SOLE 597900 0 21300 Pep Boys COM 713278109 31 1800 SH SOLE 1800 0 0 Pepsi Bottling Group COM 713409100 10924 404000 SH SOLE 404000 0 0 Possis Medical COM 737407106 5126 380300 SH SOLE 356700 0 23600 RehabCare Group COM 759148109 7610 271900 SH SOLE 263900 0 8000 Republic Services COM 760759100 13550 404000 SH SOLE 404000 0 0 SCS Transportation COM 81111T102 8227 352050 SH SOLE 330750 0 21300 SM&A COM 78465D105 4647 544700 SH SOLE 511900 0 32800 Skywest Inc COM 830879102 24170 1204900 SH SOLE 1158400 0 46500 Stage Stores COM 85254C305 16932 407800 SH SOLE 392700 0 15100 Stewart Enterprises COM 860370105 18877 2700600 SH SOLE 2589600 0 111000 Strattec Security COM 863111100 10322 164840 SH SOLE 157440 0 7400 TCF Financial COM 872275102 8356 260000 SH SOLE 260000 0 0 Talk America Hldg COM 87426R202 40 6000 SH SOLE 3900 0 2100 Trammell Crow COM 89288R106 20 1100 SH SOLE 1100 0 0 United Stationers COM 913004107 26634 576500 SH SOLE 556300 0 20200 Valassis Commun COM 918866104 14851 424200 SH SOLE 407800 0 16400 Varco International COM 922122106 31091 1066600 SH SOLE 1029800 0 36800 Viad Corp COM 92552R406 13712 481300 SH SOLE 468300 0 13000 Waste Management COM 94106L109 6796 227000 SH SOLE 227000 0 0 Watson Wyatt COM 942712100 14680 544700 SH SOLE 523600 0 21100 Whitehall Jewellers COM 965063100 941 117750 SH SOLE 107350 0 10400 Wolverine World Wide COM 978097103 26595 846450 SH SOLE 815650 0 30800
-----END PRIVACY-ENHANCED MESSAGE-----