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KESTREL INVESTMENT MANAGEMENT CORP
CRD 106789File 801-43351
APPROVED
Retail clients
Custody
Filing as of Mar 24, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$180.0M
Bottom 25% of cohort (national)
Discretionary AUM
$180.0M
Clients
9
9 accounts
Employees
7
Bottom 25% of cohort in CA
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- SFRO
- Registration date
- Feb 17, 1993
- Principal office
- 411 BOREL AVENUE, SUITE 403, SAN MATEO, CA, 94402
- Phone
- 650-572-9450
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $180.0M
- Discretionary AUM
- $180.0M
- Non-discretionary AUM
- $0
- Discretionary accounts
- 9
- Non-discretionary accounts
- 0
- Total accounts
- 9
- AUM per client
- $20.0M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Charitable organizations | Fewer than 5 | $16.4M |
| High net worth individuals | 6 | $59.5M |
| Pooled investment vehicles | 1 | $16.6M |
| Pension and profit sharing plans | Fewer than 5 | $87.4M |
Compensation & activities
ADV Items 5E, 5GCompensation
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | AUM | $185,641,031 | $179,964,874 | decreased by$5,676,157 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 9 | 7 | decreased by2 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 10 | 9 | decreased by1 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $226,056,369 | $185,641,031 | decreased by$40,415,338 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 10 | 9 | decreased by1 |
| Apr 1, 2022 | Clients | 11 | 10 | decreased by1 |
| Apr 1, 2022 | AUM | $213,353,362 | $226,056,369 | increased by$12,703,007 |
| Apr 1, 2022 | Accounts | 11 | 10 | decreased by1 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “KESTREL INVESTMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“KESTREL INVESTMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.