Kestrel Investment Management Corp
- Regulatory AUM
- $180M
- Discretionary
- $180M
- Clients
- 9
- Avg AUM / client
- $20.0M
- Accounts
- 9
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Mar 24, 2026
Investments (13F portfolio — 39 positions, $167,465,990)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Phinia Inc | COM | $11,196,784 | 163,600 | 6.69% | 6.22% |
| 2 | Tri Pointe Homes Inc | COM | $10,282,937 | 220,050 | 6.14% | 5.71% |
| 3 | Photronics Inc | COM | $8,100,185 | 200,450 | 4.84% | 4.5% |
| 4 | Axos Financial Inc | COM | $8,096,314 | 95,150 | 4.83% | 4.5% |
| 5 | Ncr Atleos Corp | COM | $6,835,523 | 156,850 | 4.08% | 3.8% |
| 6 | Integer Holdings Corp | COM | $6,613,200 | 75,150 | 3.95% | 3.67% |
| 7 | Cno Financial Group Inc | COM | $6,292,445 | 153,250 | 3.76% | 3.5% |
| 8 | Bristow Group Inc | COM | $6,081,633 | 129,700 | 3.63% | 3.38% |
| 9 | Haemonetics Corp | COM | $5,489,464 | 97,400 | 3.28% | 3.05% |
| 10 | Covista Inc | COM | $5,451,325 | 47,300 | 3.26% | 3.03% |
| 11 | Brighthouse Financial Inc | COM | $5,413,152 | 90,400 | 3.23% | 3.01% |
| 12 | Tri Mas Corp | COM | $5,374,827 | 149,550 | 3.21% | 2.99% |
| 13 | Ecovyst Inc | COM | $5,213,444 | 405,400 | 3.11% | 2.9% |
| 14 | Tenet Healthcare Corp | COM | $5,128,194 | 27,175 | 3.06% | 2.85% |
| 15 | Qcr Holdings Inc | COM | $4,755,293 | 55,650 | 2.84% | 2.64% |
| 16 | Upwork Inc | COM | $4,745,680 | 433,000 | 2.83% | 2.64% |
| 17 | Xenia Hotels And Resorts | COM | $4,369,660 | 294,650 | 2.61% | 2.43% |
| 18 | Atkore Inc | COM | $4,368,177 | 74,150 | 2.61% | 2.43% |
| 19 | Insight Enterprises Inc | COM | $4,271,888 | 63,750 | 2.55% | 2.37% |
| 20 | Prestige Consumer Healthcare I | COM | $4,151,864 | 70,050 | 2.48% | 2.31% |
| 21 | The Simply Good Foods Co | COM | $3,703,018 | 258,050 | 2.21% | 2.06% |
| 22 | Preferred Bank | COM | $3,604,928 | 39,750 | 2.15% | 2.0% |
| 23 | Acadian Asset Management Inc | COM | $3,394,774 | 62,381 | 2.03% | 1.89% |
| 24 | Zoom Info Technologies Inc | COM | $3,271,658 | 547,100 | 1.95% | 1.82% |
| 25 | Koppers Holdings Inc | COM | $3,227,846 | 83,450 | 1.93% | 1.79% |
Top 25 of 39 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 6 | $59.5M | 33.1% |
| Pooled investment vehicles (non-investment companies) | 1 | $16.6M | 9.25% |
| Pension and profit sharing plans | 1 | $87.4M | 48.6% |
| Charitable organizations | 1 | $16.4M | 9.09% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $13.8M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Kestrel Investment Fund, Lp | Other Private Fund | Delaware | $13.8M | 6 |
People (2)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Abbott J Keller | Chief Investment Officer | CFA | Feb 1993 (34y) | 50% – 75% |
| Steirman, David, J. | President, Chief Compliance Officer | Feb 1993 (34y) | 50% – 75% |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $13.8M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Kestrel Investment Fund, Lp | Other Private Fund | $13.8M | $1.0M | 6 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 1.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $87.4M (49% of AUM) Mar 2026
- Fnz Trust Company $37.6M (21% of AUM) Mar 2026
- Goldman Sachs $16.6M (9% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 24, 2026.
View current Form ADV (SEC/IAPD) ↗