Tieton Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Tieton Capital Management, LLC reported 34 stock positions worth $255.9 million. Its top holding was Niagen Bioscience (NAGE) at 8.9% of the portfolio, followed by Customers Bancorp (CUBI, 6.5%) and Aviat Networks (AVNW, 6.0%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 5 and reduced 28. The biggest buy was a new position in Harmony Biosciences (HRMY) and the biggest sale an exit from Motorcar Parts of America (MPAA).
- Most Recent 13F
- Q2 2026
- Location
- YAKIMA, WA
- CIK
- 0001381954
- Portfolio Value
- $255.9M (Q2 2025)
- SEC Filing
- 0001381954-25-000004 ↗ filed Aug 12, 2025
Holdings Value
Holdings 34 stocks · $255.9M
| NAGE Niagen Bioscience Inc. | 8.91% | 1,581,310 | $22.8M | Reduce -20.4% |
| CUBI Customers Bancorp Inc. | 6.46% | 281,218 | $16.5M | Reduce -0.8% |
| AVNW Aviat Networks Inc. | 5.98% | 636,760 | $15.3M | Reduce -0.8% |
| ACIC American Coastal Insurance C | 5.18% | 1,191,785 | $13.3M | Reduce -0.6% |
| GEOS Geospace Technologies Corp. | 4.79% | 859,177 | $12.3M | Reduce -0.5% |
| ENVA Enova International Inc. | 4.60% | 105,605 | $11.8M | Reduce -0.8% |
| BBSI Barrett Business SVCS Inc. | 3.97% | 243,533 | $10.2M | Reduce -0.7% |
| MFIN Medallion Financial Corp. | 3.57% | 957,963 | $9.1M | Reduce -0.9% |
| TCBI Texas Capital Bancshares Inc. | 3.38% | 109,010 | $8.7M | Reduce -0.6% |
| RM Regional Management Corp. | 3.37% | 295,081 | $8.6M | Add +18.6% |
| DHX Dhi Group Inc. | 3.37% | 2,901,114 | $8.6M | Reduce -1.0% |
| ADTN Adtran Holdings Inc. | 3.34% | 952,492 | $8.5M | Reduce -0.9% |
| VPG Vishay Precision Group | 3.30% | 300,679 | $8.4M | Reduce -0.9% |
| NPKI NPK International Inc. | 3.26% | 978,990 | $8.3M | Reduce -1.1% |
| VBTX Veritex Holdings Inc. | 3.21% | 315,148 | $8.2M | Reduce -0.8% |
| HRMY Harmony Biosciences Holdings | 2.94% | 237,726 | $7.5M | New |
| CMT Core Molding Technologies Inc. | 2.75% | 423,876 | $7.0M | Add +0.1% |
| LOCO El Pollo Loco Holdings Inc. | 2.71% | 629,990 | $6.9M | Add +22.3% |
| EGY Vaalco Energy Inc. | 2.47% | 1,753,443 | $6.3M | Reduce -0.8% |
| CLMB Climb Global Solutions Inc. | 2.47% | 59,070 | $6.3M | Reduce -0.6% |
| MYE Myers Industries Inc. | 2.46% | 434,850 | $6.3M | Add +0.3% |
| PRIM Primoris Services Corp. | 2.19% | 71,885 | $5.6M | Reduce -0.9% |
| GES Guess? Inc. | 2.14% | 452,051 | $5.5M | Reduce -0.1% |
| CIVI Civitas Resources Inc. | 2.03% | 188,847 | $5.2M | Reduce -0.9% |
| RGP Resources Connection Inc. | 1.95% | 929,465 | $5.0M | Reduce -0.7% |
| SSTK Shutterstock Inc. | 1.73% | 233,585 | $4.4M | Reduce -0.3% |
| MYFW First Western Financial Inc. | 1.58% | 179,341 | $4.0M | Reduce -0.7% |
| BGSF BGSF Inc. | 1.48% | 592,800 | $3.8M | Reduce -2.9% |
| ZUMZ Zumiez Inc. | 1.28% | 246,165 | $3.3M | Reduce -1.8% |
| FLNT Fluent Inc. | 0.81% | 1,042,522 | $2.1M | Add +0.1% |
| KTCC Key Tronic Corp. | 0.81% | 720,341 | $2.1M | Reduce -0.7% |
| OESX Orion Energy Systems Inc. | 0.59% | 2,492,553 | $1.5M | Reduce -0.4% |
| DLTH Duluth Holdings Inc. Class B | 0.57% | 694,600 | $1.5M | Reduce -2.4% |
| SLNG Stabilis Solutions Inc. | 0.37% | 197,674 | $939K | Reduce -0.8% |
Portfolio Sells Q1 2025 → Q2 2025
| MPAA Motorcar Parts of America Inc. | Sold out | 0.00% | −2.91 |
| ACIC American Coastal Insurance C | Reduce -0.6% | 5.18% | −1.16 |
| CIVI Civitas Resources Inc. | Reduce -0.9% | 2.03% | −1.01 |
| RGP Resources Connection Inc. | Reduce -0.7% | 1.95% | −0.85 |
| BBSI Barrett Business SVCS Inc. | Reduce -0.7% | 3.97% | −0.65 |
| EGY Vaalco Energy Inc. | Reduce -0.8% | 2.47% | −0.56 |
| CLMB Climb Global Solutions Inc. | Reduce -0.6% | 2.47% | −0.54 |
| ADTN Adtran Holdings Inc. | Reduce -0.9% | 3.34% | −0.49 |
| ZUMZ Zumiez Inc. | Reduce -1.8% | 1.28% | −0.43 |
| VBTX Veritex Holdings Inc. | Reduce -0.8% | 3.21% | −0.41 |
| TCBI Texas Capital Bancshares Inc. | Reduce -0.6% | 3.38% | −0.36 |
| MFIN Medallion Financial Corp. | Reduce -0.9% | 3.57% | −0.28 |
| SSTK Shutterstock Inc. | Reduce -0.3% | 1.73% | −0.26 |
| OESX Orion Energy Systems Inc. | Reduce -0.4% | 0.59% | −0.23 |
| GES Guess? Inc. | Reduce -0.1% | 2.14% | −0.15 |
| ENVA Enova International Inc. | Reduce -0.8% | 4.60% | −0.10 |
| SLNG Stabilis Solutions Inc. | Reduce -0.8% | 0.37% | −0.07 |
| CUBI Customers Bancorp Inc. | Reduce -0.8% | 6.46% | −0.05 |
| KTCC Key Tronic Corp. | Reduce -0.7% | 0.81% | −0.05 |
| MYFW First Western Financial Inc. | Reduce -0.7% | 1.58% | −0.04 |
| VPG Vishay Precision Group | Reduce -0.9% | 3.30% | −0.04 |
| DLTH Duluth Holdings Inc. Class B | Reduce -2.4% | 0.57% | +0.00 |
| PRIM Primoris Services Corp. | Reduce -0.9% | 2.19% | +0.29 |
| AVNW Aviat Networks Inc. | Reduce -0.8% | 5.98% | +0.36 |
| BGSF BGSF Inc. | Reduce -2.9% | 1.48% | +0.45 |
| NPKI NPK International Inc. | Reduce -1.1% | 3.26% | +0.63 |
| DHX Dhi Group Inc. | Reduce -1.0% | 3.37% | +1.51 |
| GEOS Geospace Technologies Corp. | Reduce -0.5% | 4.79% | +1.94 |
| NAGE Niagen Bioscience Inc. | Reduce -20.4% | 8.91% | +2.64 |
Portfolio Buys Q1 2025 → Q2 2025
| HRMY Harmony Biosciences Holdings | New | 2.94% | +2.94 |
| LOCO El Pollo Loco Holdings Inc. | Add +22.3% | 2.71% | +0.28 |
| MYE Myers Industries Inc. | Add +0.3% | 2.46% | +0.10 |
| RM Regional Management Corp. | Add +18.6% | 3.37% | −0.05 |
| CMT Core Molding Technologies Inc. | Add +0.1% | 2.75% | −0.19 |
| FLNT Fluent Inc. | Add +0.1% | 0.81% | −0.22 |
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 |