Kestrel Investment Management Corp Q3 to Q4 2022: Holdings Analysis Reveals Winners and Losers

In the world of hedge funds, Kestrel Investment Management Corp stands out as a top-performing player, with a solid track record of generating impressive returns for investors. As a savvy investor, Kestrel's portfolio managers continuously analyze the market to identify opportunities that can add value to the fund's holdings. In this article, we will examine Kestrel Investment Management Corp's Q3 2022 to Q4 2022 holdings to glean insights into the changes made to its portfolio and what it means for its investors.

California Resources Corp Loses Out in Q4 2022

In Q3 2022, Kestrel Investment Management Corp held 199200 shares in California Resources Corp (CRC), worth $7655 thousand. However, in Q4 2022, the fund reduced its holding by 5200 shares to 193900 shares, or $8437 thousand, registering a 10.2% drop in value. It remains unclear why Kestrel Investment Management Corp decided to reduce its holding in CRC - was it due to the volatile oil prices or CRC's poor financial performance? Regardless, the fund's decision to trim its position in CRC suggests that the stock may not have met Kestrel's expectations.

Adtalem Global Educ Inc (ATGE)- Another Loser in Q4 2022

Kestrel Investment Management Corp also reduced its position in Adtalem Global Educ Inc (ATGE) in Q4 2022. In Q3 2022, the fund held 197800 shares worth $7210 thousand. However, in Q4 2022, the fund's holdings in ATGE decreased by 4300 shares to 192500 shares, worth $6834 thousand. This represents a 5.2% drop in value. Adtalem Global Educ Inc is a for-profit education company that operates several universities, including American University of the Caribbean School of Medicine and Ross University School of Medicine. Its stock has been fluctuating in recent years, and it appears that Kestrel Investment Management Corp decided to cash in on its position, possibly due to concerns about the company's long-term earnings prospects.

Univar Solutions Inc and The ODP Corp are Among Kestrel's Winners in Q4 2022

Kestrel Investment Management Corp's decision to reduce its positions in CRC and ATGE suggests that the fund is not afraid to make bold bets when identifying winners and losers. In Q4 2022, Kestrel's strategy seems to have paid off with a couple of companies that outperformed expectations.

In Q4 2022, Kestrel increased its position in Univar Solutions Inc (UNVR) by 4900 shares to a total of 215200 shares, worth $6843 thousand. This represents a 36.1% increase in value, making Univar one of Kestrel's biggest winners in Q4 2022. Univar Solutions Inc is a global chemical and ingredient distributor serving the energy, industrial, and food markets.

Another company that saw its fortunes rise in Kestrel's portfolio is The ODP Corp (ODP). The fund increased its position in ODP in Q4 2022 by 11600 shares to a total of 132800 shares, worth $6048 thousand. This represents a 19.1% rise in value. The ODP Corp is a leading provider of business services and supplies, including printing, shipping, tech services, and more. The company's stock has been on an uptrend in recent years, reflecting its strong financial performance.

Conclusion

Kestrel Investment Management Corp's Q3 2022 to Q4 2022 holdings analysis indicates that the fund is selective when picking stocks. Its decision to reduce its positions in CRC and ATGE while increasing its stakes in UNVR and ODP suggests a willingness to take a calculated risk. As always, investors should perform their due diligence before investing in any stocks and consult with a financial advisor before making any investment decisions.