Tieton Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Tieton Capital Management, LLC reported 37 stock positions worth $347.8 million. Its top holding was Enova International (ENVA) at 7.6% of the portfolio, followed by Customers Bancorp (CUBI, 5.8%) and El Pollo Loco (LOCO, 5.0%). Compared with Q1 2026, it opened 3 new positions, sold out of 1, added to 12 and reduced 22. The biggest buy was a new position in Ibex (IBEX) and the biggest sale Vishay Precision (VPG, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- YAKIMA, WA
- CIK
- 0001381954
- Portfolio Value
- $347.8M (Q2 2026)
- SEC Filing
- 0001381954-26-000003 ↗ filed Aug 10, 2026
Holdings Value
Holdings 37 stocks · $347.8M
| ENVA Enova International Inc. | 7.64% | 110,400 | $26.6M | Reduce -2.3% |
| CUBI Customers Bancorp Inc. | 5.83% | 256,178 | $20.3M | Reduce -2.1% |
| LOCO El Pollo Loco Holdings Inc. | 5.04% | 1,033,917 | $17.5M | Reduce -2.2% |
| MYE Myers Industries Inc. | 4.69% | 462,230 | $16.3M | Reduce -1.9% |
| CLMB Climb Global Solutions Inc. | 4.59% | 687,131 | $15.9M | Add +27.7% |
| AVNW Aviat Networks Inc. | 4.32% | 676,440 | $15.0M | Reduce -1.1% |
| ACIC American Coastal Insurance C | 4.00% | 1,254,880 | $13.9M | Reduce -1.5% |
| RM Regional Management Corp. | 3.77% | 318,259 | $13.1M | Reduce -0.6% |
| NPKI NPK International Inc. | 3.76% | 820,845 | $13.1M | Reduce -1.8% |
| RGP Resources Connection Inc. | 3.44% | 2,817,636 | $12.0M | Add +14.9% |
| TCBI Texas Capital Bancshares Inc. | 3.42% | 115,045 | $11.9M | Reduce -2.1% |
| DHX Dhi Group Inc. | 3.38% | 3,165,444 | $11.7M | Reduce -6.2% |
| NBBK NB Bancorp Inc. | 3.32% | 546,600 | $11.6M | Reduce -1.3% |
| BBSI Barrett Business SVCS Inc. | 3.26% | 319,390 | $11.3M | Add +21.1% |
| MGPI MGP Ingredients Inc. | 3.24% | 642,260 | $11.3M | Add +50.4% |
| HRMY Harmony Biosciences Holdings | 3.21% | 306,781 | $11.2M | Reduce -1.5% |
| CMT Core Molding Technologies Inc. | 3.07% | 452,030 | $10.7M | Reduce -1.7% |
| MFIN Medallion Financial Corp. | 2.96% | 1,008,564 | $10.3M | Reduce -2.3% |
| EGY Vaalco Energy Inc. | 2.68% | 1,835,340 | $9.3M | Reduce -2.5% |
| IBEX Ibex Ltd. | 2.40% | 275,035 | $8.4M | New |
| ZUMZ Zumiez Inc. | 2.28% | 445,863 | $7.9M | Add +71.2% |
| ADTN Adtran Holdings Inc. | 2.28% | 570,542 | $7.9M | Reduce -44.9% |
| NAGE Niagen Bioscience Inc. | 1.84% | 2,008,470 | $6.4M | Reduce -1.0% |
| FORR Forrester Research Inc. | 1.83% | 757,476 | $6.4M | Add +35.5% |
| GCT Gigacloud Technology Inc. Class A | 1.80% | 197,995 | $6.3M | New |
| GEOS Geospace Technologies Corp. | 1.77% | 907,265 | $6.1M | Reduce -0.5% |
| EML The Eastern Co. | 1.74% | 217,210 | $6.0M | Add +186.0% |
| MYFW First Western Financial Inc. | 1.73% | 187,274 | $6.0M | Reduce -1.5% |
| FLNT Fluent Inc. | 1.26% | 1,176,147 | $4.4M | Add +0.3% |
| RCKY Rocky Brands Inc. | 1.15% | 96,984 | $4.0M | New |
| BGSF BGSF Inc. | 1.04% | 633,407 | $3.6M | Add +0.4% |
| OESX Orion Energy Systems Inc. | 0.96% | 284,526 | $3.3M | Add +6.8% |
| DLTH Duluth Holdings Inc. Class B | 0.94% | 726,508 | $3.3M | Reduce -2.8% |
| KTCC Key Tronic Corp. | 0.90% | 760,930 | $3.1M | Add +0.3% |
| SLNG Stabilis Solutions Inc. | 0.27% | 234,505 | $950K | Add +4.5% |
| VPG Vishay Precision Group | 0.10% | 2,315 | $347K | Reduce -99.0% |
| PRIM Primoris Services Corp. | 0.10% | 3,443 | $341K | Reduce -21.1% |
Portfolio Sells Q1 2026 → Q2 2026
| VPG Vishay Precision Group | Reduce -99.0% | 0.10% | −3.38 |
| ADTN Adtran Holdings Inc. | Reduce -44.9% | 2.28% | −2.08 |
| SM SM Energy Co. | Sold out | 0.00% | −1.98 |
| GEOS Geospace Technologies Corp. | Reduce -0.5% | 1.77% | −1.96 |
| EGY Vaalco Energy Inc. | Reduce -2.5% | 2.68% | −1.32 |
| NAGE Niagen Bioscience Inc. | Reduce -1.0% | 1.84% | −1.16 |
| AVNW Aviat Networks Inc. | Reduce -1.1% | 4.32% | −0.86 |
| ACIC American Coastal Insurance C | Reduce -1.5% | 4.00% | −0.79 |
| NBBK NB Bancorp Inc. | Reduce -1.3% | 3.32% | −0.59 |
| CMT Core Molding Technologies Inc. | Reduce -1.7% | 3.07% | −0.38 |
| TCBI Texas Capital Bancshares Inc. | Reduce -2.1% | 3.42% | −0.32 |
| NPKI NPK International Inc. | Reduce -1.8% | 3.76% | −0.30 |
| CUBI Customers Bancorp Inc. | Reduce -2.1% | 5.83% | −0.26 |
| PRIM Primoris Services Corp. | Reduce -21.1% | 0.10% | −0.11 |
| MFIN Medallion Financial Corp. | Reduce -2.3% | 2.96% | +0.00 |
| LOCO El Pollo Loco Holdings Inc. | Reduce -2.2% | 5.04% | +0.13 |
| DLTH Duluth Holdings Inc. Class B | Reduce -2.8% | 0.94% | +0.15 |
| MYFW First Western Financial Inc. | Reduce -1.5% | 1.73% | +0.16 |
| DHX Dhi Group Inc. | Reduce -6.2% | 3.38% | +0.20 |
| HRMY Harmony Biosciences Holdings | Reduce -1.5% | 3.21% | +0.29 |
| RM Regional Management Corp. | Reduce -0.6% | 3.77% | +0.31 |
| MYE Myers Industries Inc. | Reduce -1.9% | 4.69% | +1.35 |
| ENVA Enova International Inc. | Reduce -2.3% | 7.64% | +2.50 |
Portfolio Buys Q1 2026 → Q2 2026
| IBEX Ibex Ltd. | New | 2.40% | +2.40 |
| GCT Gigacloud Technology Inc. Class A | New | 1.80% | +1.80 |
| EML The Eastern Co. | Add +186.0% | 1.74% | +1.22 |
| RCKY Rocky Brands Inc. | New | 1.15% | +1.15 |
| CLMB Climb Global Solutions Inc. | Add +27.7% | 4.59% | +1.01 |
| FORR Forrester Research Inc. | Add +35.5% | 1.83% | +0.77 |
| BBSI Barrett Business SVCS Inc. | Add +21.1% | 3.26% | +0.68 |
| MGPI MGP Ingredients Inc. | Add +50.4% | 3.24% | +0.61 |
| RGP Resources Connection Inc. | Add +14.9% | 3.44% | +0.38 |
| ZUMZ Zumiez Inc. | Add +71.2% | 2.28% | +0.35 |
| KTCC Key Tronic Corp. | Add +0.3% | 0.90% | +0.21 |
| OESX Orion Energy Systems Inc. | Add +6.8% | 0.96% | +0.18 |
| FLNT Fluent Inc. | Add +0.3% | 1.26% | +0.02 |
| SLNG Stabilis Solutions Inc. | Add +4.5% | 0.27% | −0.06 |
| BGSF BGSF Inc. | Add +0.4% | 1.04% | −0.33 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 37 | $347.8M | ENVA, CUBI, LOCO, MYE, CLMB |
| Q1 2026 | 35 | $298.6M | CUBI, AVNW, ENVA, LOCO, ACIC |
| Q4 2025 | 35 | $292.4M | CUBI, ENVA, ACIC, GEOS, AVNW |
| Q3 2025 | 33 | $288.1M | CUBI, GEOS, NAGE, AVNW, ACIC |
| Q2 2025 | 34 | $255.9M | NAGE, CUBI, AVNW, ACIC, GEOS |
| Q1 2025 | 34 | $218.7M | CUBI, ACIC, NAGE, AVNW, ENVA |
| Q4 2024 | 40 | $248.7M | ACIC, CUBI, NAGE, ENVA, AVNW |
| Q3 2024 | 40 | $193.1M | ACIC, ENVA, CUBI, NAGE, EGY |
| Q2 2024 | 39 | $180.0M | CUBI, CIVI, ACIC, ENVA, EGY |
| Q1 2024 | 38 | $190.8M | CUBI, CIVI, ACIC, NAGE, EGY |