Tieton Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Tieton Capital Management, LLC reported 40 stock positions worth $193.1 million. Its top holding was American Coastal Insurance C (ACIC) at 5.8% of the portfolio, followed by Enova International (ENVA, 5.7%) and Customers Bancorp (CUBI, 5.7%). Compared with Q2 2024, it opened 1 new position, added to 6 and reduced 28. The biggest buy was Vishay Precision (VPG, shares +229%) and the biggest sale Civitas Resources (CIVI, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- YAKIMA, WA
- CIK
- 0001381954
- Portfolio Value
- $193.1M (Q3 2024)
- SEC Filing
- 0001381954-24-000011 ↗ filed Nov 12, 2024
Holdings Value
Holdings 40 stocks · $193.1M
| ACIC American Coastal Insurance C | 5.82% | 997,991 | $11.2M | Reduce -0.3% |
| ENVA Enova International Inc. | 5.72% | 131,860 | $11.0M | Reduce -18.6% |
| CUBI Customers Bancorp Inc. | 5.68% | 236,203 | $11.0M | Reduce -0.3% |
| NAGE Niagen Bioscience Inc. filed as CHROMADEX CORP | 5.59% | 2,956,120 | $10.8M | Reduce -0.4% |
| EGY Vaalco Energy Inc. | 4.36% | 1,467,409 | $8.4M | Reduce -0.3% |
| CLMB Climb Global Solutions Inc. | 4.23% | 82,000 | $8.2M | Reduce -33.4% |
| CIVI Civitas Resources Inc. | 4.15% | 158,322 | $8.0M | Reduce -0.3% |
| BBSI Barrett Business SVCS Inc. | 3.97% | 204,181 | $7.7M | Reduce -0.3% |
| GEOS Geospace Technologies Corp. | 3.86% | 720,892 | $7.5M | Reduce -0.3% |
| MPAA Motorcar Parts of America Inc. | 3.72% | 972,436 | $7.2M | Reduce -0.7% |
| VBTX Veritex Holdings Inc. | 3.60% | 263,948 | $6.9M | Reduce -0.3% |
| RM Regional Management Corp. | 3.50% | 206,710 | $6.8M | Reduce -0.3% |
| TCBI Texas Capital Bancshares Inc. | 3.39% | 91,500 | $6.5M | Reduce -0.3% |
| MFIN Medallion Financial Corp. | 3.38% | 802,926 | $6.5M | Reduce -0.3% |
| SSTK Shutterstock Inc. | 3.00% | 163,675 | $5.8M | Add +19.1% |
| ADTN Adtran Holdings Inc. | 2.96% | 962,404 | $5.7M | Reduce -0.6% |
| NPKI NPK International Inc. filed as NEWPARK RES INC | 2.96% | 823,590 | $5.7M | Reduce -0.4% |
| RGP Resources Connection Inc. | 2.90% | 578,086 | $5.6M | Add +43.4% |
| CMT Core Molding Technologies Inc. | 2.51% | 282,036 | $4.9M | Add +58.9% |
| GES Guess? Inc. | 2.47% | 237,021 | $4.8M | Reduce -0.3% |
| DHX Dhi Group Inc. | 2.31% | 2,421,208 | $4.5M | Reduce -0.8% |
| ZUMZ Zumiez Inc. | 2.31% | 209,070 | $4.5M | Reduce -0.3% |
| BGSF BGSF Inc. | 2.18% | 499,840 | $4.2M | Reduce -0.1% |
| VPG Vishay Precision Group | 2.04% | 152,156 | $3.9M | Add +228.8% |
| PRIM Primoris Services Corp. | 1.83% | 60,980 | $3.5M | Reduce -53.3% |
| KTCC Key Tronic Corp. | 1.80% | 608,510 | $3.5M | Reduce -1.7% |
| MYE Myers Industries Inc. | 1.77% | 246,920 | $3.4M | Add +32.1% |
| FLNT Fluent Inc. | 1.60% | 845,008 | $3.1M | Reduce -0.4% |
| MYFW First Western Financial Inc. | 1.56% | 150,790 | $3.0M | Reduce -0.4% |
| DLTH Duluth Holdings Inc. Class B | 1.16% | 593,740 | $2.2M | Add +0.2% |
| OESX Orion Energy Systems Inc. | 0.94% | 2,120,080 | $1.8M | Reduce -3.1% |
| BMTX BM Technologies Inc. | 0.84% | 479,560 | $1.6M | Reduce -1.9% |
| AVNW Aviat Networks Inc. | 0.66% | 59,215 | $1.3M | New |
| SLNG Stabilis Solutions Inc. | 0.41% | 165,576 | $785K | Reduce -1.4% |
| NATR Natures Sunshine Prods Inc. | 0.28% | 39,497 | $538K | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.19% | 2,000 | $373K | No change |
| CECO Ceco Environmental Corp. | 0.15% | 10,333 | $291K | No change |
| HNHAF Hon Hai Precision Industry | 0.09% | 29,200 | $172K | No change |
| RYCEY Rolls-Royce Holdings-SP ADR | 0.07% | 19,765 | $140K | No change |
| NOK Nokia Corp.-Spon ADR | 0.02% | 10,000 | $44K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| CIVI Civitas Resources Inc. | Reduce -0.3% | 4.15% | −1.93 |
| PRIM Primoris Services Corp. | Reduce -53.3% | 1.83% | −1.78 |
| NPKI NPK International Inc. | Reduce -0.4% | 2.96% | −0.86 |
| EGY Vaalco Energy Inc. | Reduce -0.3% | 4.36% | −0.76 |
| CUBI Customers Bancorp Inc. | Reduce -0.3% | 5.68% | −0.63 |
| DHX Dhi Group Inc. | Reduce -0.8% | 2.31% | −0.53 |
| OESX Orion Energy Systems Inc. | Reduce -3.1% | 0.94% | −0.41 |
| GES Guess? Inc. | Reduce -0.3% | 2.47% | −0.22 |
| BGSF BGSF Inc. | Reduce -0.1% | 2.18% | −0.20 |
| FLNT Fluent Inc. | Reduce -0.4% | 1.60% | −0.10 |
| CLMB Climb Global Solutions Inc. | Reduce -33.4% | 4.23% | −0.07 |
| NATR Natures Sunshine Prods Inc. | Reduce -0.5% | 0.28% | −0.05 |
| MFIN Medallion Financial Corp. | Reduce -0.3% | 3.38% | −0.05 |
| ACIC American Coastal Insurance C | Reduce -0.3% | 5.82% | −0.04 |
| ZUMZ Zumiez Inc. | Reduce -0.3% | 2.31% | +0.04 |
| SLNG Stabilis Solutions Inc. | Reduce -1.4% | 0.41% | +0.05 |
| ENVA Enova International Inc. | Reduce -18.6% | 5.72% | +0.12 |
| ADTN Adtran Holdings Inc. | Reduce -0.6% | 2.96% | +0.13 |
| MYFW First Western Financial Inc. | Reduce -0.4% | 1.56% | +0.13 |
| RM Regional Management Corp. | Reduce -0.3% | 3.50% | +0.19 |
| BMTX BM Technologies Inc. | Reduce -1.9% | 0.84% | +0.23 |
| BBSI Barrett Business SVCS Inc. | Reduce -0.3% | 3.97% | +0.24 |
| GEOS Geospace Technologies Corp. | Reduce -0.3% | 3.86% | +0.25 |
| TCBI Texas Capital Bancshares Inc. | Reduce -0.3% | 3.39% | +0.27 |
| MPAA Motorcar Parts of America Inc. | Reduce -0.7% | 3.72% | +0.37 |
| KTCC Key Tronic Corp. | Reduce -1.7% | 1.80% | +0.41 |
| VBTX Veritex Holdings Inc. | Reduce -0.3% | 3.60% | +0.50 |
| NAGE Niagen Bioscience Inc. | Reduce -0.4% | 5.59% | +1.09 |
Portfolio Buys Q2 2024 → Q3 2024
| VPG Vishay Precision Group | Add +228.8% | 2.04% | +1.26 |
| CMT Core Molding Technologies Inc. | Add +58.9% | 2.51% | +0.94 |
| AVNW Aviat Networks Inc. | New | 0.66% | +0.66 |
| RGP Resources Connection Inc. | Add +43.4% | 2.90% | +0.43 |
| MYE Myers Industries Inc. | Add +32.1% | 1.77% | +0.38 |
| SSTK Shutterstock Inc. | Add +19.1% | 3.00% | +0.04 |
| DLTH Duluth Holdings Inc. Class B | Add +0.2% | 1.16% | −0.06 |
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 |