Tieton Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Tieton Capital Management, LLC reported 40 stock positions worth $248.7 million. Its top holding was American Coastal Insurance C (ACIC) at 6.6% of the portfolio, followed by Customers Bancorp (CUBI, 5.7%) and Niagen Bioscience (NAGE, 5.5%). Compared with Q3 2024, it opened 1 new position, sold out of 1, added to 32 and reduced 3. The biggest buy was Aviat Networks (AVNW, shares +998%) and the biggest sale Climb Global Solutions (CLMB, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- YAKIMA, WA
- CIK
- 0001381954
- Portfolio Value
- $248.7M (Q4 2024)
- SEC Filing
- 0001381954-25-000001 ↗ filed Feb 11, 2025
Holdings Value
Holdings 40 stocks · $248.7M
| ACIC American Coastal Insurance C | 6.64% | 1,227,416 | $16.5M | Add +23.0% |
| CUBI Customers Bancorp Inc. | 5.68% | 290,373 | $14.1M | Add +22.9% |
| NAGE Niagen Bioscience Inc. filed as CHROMADEX CORP | 5.52% | 2,588,614 | $13.7M | Reduce -12.4% |
| ENVA Enova International Inc. | 5.12% | 132,760 | $12.7M | Add +0.7% |
| AVNW Aviat Networks Inc. | 4.74% | 650,270 | $11.8M | Add +998.1% |
| BBSI Barrett Business SVCS Inc. | 4.40% | 251,628 | $10.9M | Add +23.2% |
| ADTN Adtran Holdings Inc. | 3.99% | 1,192,009 | $9.9M | Add +23.9% |
| MFIN Medallion Financial Corp. | 3.73% | 987,098 | $9.3M | Add +22.9% |
| MPAA Motorcar Parts of America Inc. | 3.65% | 1,194,361 | $9.1M | Add +22.8% |
| CIVI Civitas Resources Inc. | 3.59% | 194,862 | $8.9M | Add +23.1% |
| GEOS Geospace Technologies Corp. | 3.56% | 882,797 | $8.8M | Add +22.5% |
| VBTX Veritex Holdings Inc. | 3.55% | 325,383 | $8.8M | Add +23.3% |
| TCBI Texas Capital Bancshares Inc. | 3.54% | 112,580 | $8.8M | Add +23.0% |
| RM Regional Management Corp. | 3.49% | 255,251 | $8.7M | Add +23.5% |
| SSTK Shutterstock Inc. | 3.46% | 283,700 | $8.6M | Add +73.3% |
| EGY Vaalco Energy Inc. | 3.17% | 1,805,053 | $7.9M | Add +23.0% |
| NPKI NPK International Inc. | 3.12% | 1,012,830 | $7.8M | Add +23.0% |
| CLMB Climb Global Solutions Inc. | 3.12% | 61,200 | $7.8M | Reduce -25.4% |
| RGP Resources Connection Inc. | 2.82% | 823,108 | $7.0M | Add +42.4% |
| GES Guess? Inc. | 2.62% | 463,726 | $6.5M | Add +95.7% |
| CMT Core Molding Technologies Inc. | 2.33% | 349,836 | $5.8M | Add +24.0% |
| VPG Vishay Precision Group | 2.29% | 242,811 | $5.7M | Add +59.6% |
| PRIM Primoris Services Corp. | 2.27% | 74,020 | $5.7M | Add +21.4% |
| DHX Dhi Group Inc. | 2.14% | 3,008,584 | $5.3M | Add +24.3% |
| ZUMZ Zumiez Inc. | 1.98% | 256,505 | $4.9M | Add +22.7% |
| MYFW First Western Financial Inc. | 1.45% | 184,612 | $3.6M | Add +22.4% |
| MYE Myers Industries Inc. | 1.35% | 304,330 | $3.4M | Add +23.3% |
| BGSF BGSF Inc. | 1.31% | 623,250 | $3.3M | Add +24.7% |
| KTCC Key Tronic Corp. | 1.26% | 749,083 | $3.1M | Add +23.1% |
| FLNT Fluent Inc. | 1.08% | 1,061,885 | $2.7M | Add +25.7% |
| DLTH Duluth Holdings Inc. Class B | 0.90% | 725,635 | $2.2M | Add +22.2% |
| OESX Orion Energy Systems Inc. | 0.86% | 2,661,853 | $2.1M | Add +25.6% |
| SLNG Stabilis Solutions Inc. | 0.45% | 208,051 | $1.1M | Add +25.6% |
| NATR Natures Sunshine Prods Inc. | 0.29% | 49,542 | $726K | Add +25.4% |
| AMZN Amazon.com Inc. | 0.18% | 2,000 | $439K | No change |
| CECO Ceco Environmental Corp. | 0.12% | 9,733 | $294K | Reduce -5.8% |
| GS Goldman Sachs Group Inc. | 0.09% | 400 | $229K | New |
| HNHAF Hon Hai Precision Industry | 0.07% | 29,200 | $164K | No change |
| RYCEY Rolls-Royce Holdings-SP ADR | 0.06% | 19,765 | $141K | No change |
| NOK Nokia Corp.-Spon ADR | 0.02% | 10,000 | $44K | No change |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| AVNW Aviat Networks Inc. | Add +998.1% | 4.74% | +4.07 |
| ADTN Adtran Holdings Inc. | Add +23.9% | 3.99% | +1.04 |
| ACIC American Coastal Insurance C | Add +23.0% | 6.64% | +0.82 |
| SSTK Shutterstock Inc. | Add +73.3% | 3.46% | +0.46 |
| PRIM Primoris Services Corp. | Add +21.4% | 2.27% | +0.44 |
| BBSI Barrett Business SVCS Inc. | Add +23.2% | 4.40% | +0.43 |
| MFIN Medallion Financial Corp. | Add +22.9% | 3.73% | +0.34 |
| VPG Vishay Precision Group | Add +59.6% | 2.29% | +0.25 |
| NPKI NPK International Inc. | Add +23.0% | 3.12% | +0.17 |
| TCBI Texas Capital Bancshares Inc. | Add +23.0% | 3.54% | +0.15 |
| GES Guess? Inc. | Add +95.7% | 2.62% | +0.15 |
| GS Goldman Sachs Group Inc. | New | 0.09% | +0.09 |
| SLNG Stabilis Solutions Inc. | Add +25.6% | 0.45% | +0.04 |
| NATR Natures Sunshine Prods Inc. | Add +25.4% | 0.29% | +0.01 |
| CUBI Customers Bancorp Inc. | Add +22.9% | 5.68% | +0.00 |
| RM Regional Management Corp. | Add +23.5% | 3.49% | −0.01 |
| VBTX Veritex Holdings Inc. | Add +23.3% | 3.55% | −0.04 |
| MPAA Motorcar Parts of America Inc. | Add +22.8% | 3.65% | −0.07 |
| RGP Resources Connection Inc. | Add +42.4% | 2.82% | −0.08 |
| OESX Orion Energy Systems Inc. | Add +25.6% | 0.86% | −0.08 |
| MYFW First Western Financial Inc. | Add +22.4% | 1.45% | −0.11 |
| DHX Dhi Group Inc. | Add +24.3% | 2.14% | −0.17 |
| CMT Core Molding Technologies Inc. | Add +24.0% | 2.33% | −0.19 |
| DLTH Duluth Holdings Inc. Class B | Add +22.2% | 0.90% | −0.25 |
| GEOS Geospace Technologies Corp. | Add +22.5% | 3.56% | −0.30 |
| ZUMZ Zumiez Inc. | Add +22.7% | 1.98% | −0.33 |
| MYE Myers Industries Inc. | Add +23.3% | 1.35% | −0.42 |
| FLNT Fluent Inc. | Add +25.7% | 1.08% | −0.53 |
| KTCC Key Tronic Corp. | Add +23.1% | 1.26% | −0.55 |
| CIVI Civitas Resources Inc. | Add +23.1% | 3.59% | −0.56 |
| ENVA Enova International Inc. | Add +0.7% | 5.12% | −0.60 |
| BGSF BGSF Inc. | Add +24.7% | 1.31% | −0.87 |
| EGY Vaalco Energy Inc. | Add +23.0% | 3.17% | −1.19 |
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 |