Tieton Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Tieton Capital Management, LLC reported 33 stock positions worth $288.1 million. Its top holding was Customers Bancorp (CUBI) at 6.6% of the portfolio, followed by Geospace Technologies (GEOS, 5.8%) and Niagen Bioscience (NAGE, 5.3%). Compared with Q2 2025, it sold out of 1, added to 32 and reduced 1. The biggest buy was Resources Connection (RGP, shares +146%) and the biggest sale an exit from Veritex (VBTX).
- Most Recent 13F
- Q2 2026
- Location
- YAKIMA, WA
- CIK
- 0001381954
- Portfolio Value
- $288.1M (Q3 2025)
- SEC Filing
- 0001381954-25-000005 ↗ filed Nov 12, 2025
Holdings Value
Holdings 33 stocks · $288.1M
| CUBI Customers Bancorp Inc. | 6.59% | 290,247 | $19.0M | Add +3.2% |
| GEOS Geospace Technologies Corp. | 5.85% | 888,336 | $16.8M | Add +3.4% |
| NAGE Niagen Bioscience Inc. | 5.33% | 1,646,918 | $15.4M | Add +4.2% |
| AVNW Aviat Networks Inc. | 5.28% | 663,028 | $15.2M | Add +4.1% |
| ACIC American Coastal Insurance C | 4.84% | 1,224,770 | $13.9M | Add +2.8% |
| ENVA Enova International Inc. | 4.32% | 108,234 | $12.5M | Add +2.5% |
| RM Regional Management Corp. | 4.13% | 305,653 | $11.9M | Add +3.6% |
| RGP Resources Connection Inc. | 4.01% | 2,289,657 | $11.6M | Add +146.3% |
| NPKI NPK International Inc. | 3.98% | 1,012,982 | $11.5M | Add +3.5% |
| BBSI Barrett Business SVCS Inc. | 3.87% | 251,522 | $11.1M | Add +3.3% |
| MFIN Medallion Financial Corp. | 3.45% | 984,201 | $9.9M | Add +2.7% |
| VPG Vishay Precision Group | 3.45% | 309,731 | $9.9M | Add +3.0% |
| PRIM Primoris Services Corp. | 3.39% | 71,191 | $9.8M | Reduce -1.0% |
| TCBI Texas Capital Bancshares Inc. | 3.30% | 112,505 | $9.5M | Add +3.2% |
| ADTN Adtran Holdings Inc. | 3.22% | 989,124 | $9.3M | Add +3.9% |
| CMT Core Molding Technologies Inc. | 3.15% | 440,928 | $9.1M | Add +4.0% |
| DHX Dhi Group Inc. | 2.91% | 3,011,549 | $8.4M | Add +3.8% |
| LOCO El Pollo Loco Holdings Inc. | 2.87% | 853,199 | $8.3M | Add +35.4% |
| HRMY Harmony Biosciences Holdings | 2.86% | 298,591 | $8.2M | Add +25.6% |
| CLMB Climb Global Solutions Inc. | 2.85% | 60,896 | $8.2M | Add +3.1% |
| MYE Myers Industries Inc. | 2.65% | 451,307 | $7.6M | Add +3.8% |
| GES Guess? Inc. | 2.65% | 457,455 | $7.6M | Add +1.2% |
| EGY Vaalco Energy Inc. | 2.52% | 1,808,318 | $7.3M | Add +3.1% |
| CIVI Civitas Resources Inc. | 2.19% | 194,115 | $6.3M | Add +2.8% |
| SSTK Shutterstock Inc. | 1.77% | 244,864 | $5.1M | Add +4.8% |
| ZUMZ Zumiez Inc. | 1.75% | 256,916 | $5.0M | Add +4.4% |
| BGSF BGSF Inc. | 1.53% | 619,355 | $4.4M | Add +4.5% |
| MYFW First Western Financial Inc. | 1.45% | 181,876 | $4.2M | Add +1.4% |
| DLTH Duluth Holdings Inc. Class B | 0.99% | 731,602 | $2.9M | Add +5.3% |
| KTCC Key Tronic Corp. | 0.92% | 741,044 | $2.6M | Add +2.9% |
| FLNT Fluent Inc. | 0.84% | 1,084,478 | $2.4M | Add +4.0% |
| OESX Orion Energy Systems Inc. | 0.77% | 254,614 | $2.2M | Add +2.1% |
| SLNG Stabilis Solutions Inc. | 0.31% | 205,038 | $894K | Add +3.7% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| RGP Resources Connection Inc. | Add +146.3% | 4.01% | +2.06 |
| GEOS Geospace Technologies Corp. | Add +3.4% | 5.85% | +1.06 |
| RM Regional Management Corp. | Add +3.6% | 4.13% | +0.77 |
| NPKI NPK International Inc. | Add +3.5% | 3.98% | +0.72 |
| GES Guess? Inc. | Add +1.2% | 2.65% | +0.52 |
| ZUMZ Zumiez Inc. | Add +4.4% | 1.75% | +0.47 |
| DLTH Duluth Holdings Inc. Class B | Add +5.3% | 0.99% | +0.42 |
| CMT Core Molding Technologies Inc. | Add +4.0% | 3.15% | +0.40 |
| CLMB Climb Global Solutions Inc. | Add +3.1% | 2.85% | +0.38 |
| MYE Myers Industries Inc. | Add +3.8% | 2.65% | +0.19 |
| OESX Orion Energy Systems Inc. | Add +2.1% | 0.77% | +0.18 |
| LOCO El Pollo Loco Holdings Inc. | Add +35.4% | 2.87% | +0.16 |
| CIVI Civitas Resources Inc. | Add +2.8% | 2.19% | +0.16 |
| VPG Vishay Precision Group | Add +3.0% | 3.45% | +0.14 |
| CUBI Customers Bancorp Inc. | Add +3.2% | 6.59% | +0.13 |
| KTCC Key Tronic Corp. | Add +2.9% | 0.92% | +0.11 |
| BGSF BGSF Inc. | Add +4.5% | 1.53% | +0.05 |
| EGY Vaalco Energy Inc. | Add +3.1% | 2.52% | +0.05 |
| SSTK Shutterstock Inc. | Add +4.8% | 1.77% | +0.04 |
| FLNT Fluent Inc. | Add +4.0% | 0.84% | +0.02 |
| SLNG Stabilis Solutions Inc. | Add +3.7% | 0.31% | −0.06 |
| HRMY Harmony Biosciences Holdings | Add +25.6% | 2.86% | −0.08 |
| TCBI Texas Capital Bancshares Inc. | Add +3.2% | 3.30% | −0.08 |
| BBSI Barrett Business SVCS Inc. | Add +3.3% | 3.87% | −0.10 |
| MFIN Medallion Financial Corp. | Add +2.7% | 3.45% | −0.12 |
| ADTN Adtran Holdings Inc. | Add +3.9% | 3.22% | −0.12 |
| MYFW First Western Financial Inc. | Add +1.4% | 1.45% | −0.13 |
| ENVA Enova International Inc. | Add +2.5% | 4.32% | −0.28 |
| ACIC American Coastal Insurance C | Add +2.8% | 4.84% | −0.34 |
| DHX Dhi Group Inc. | Add +3.8% | 2.91% | −0.46 |
| AVNW Aviat Networks Inc. | Add +4.1% | 5.28% | −0.71 |
| NAGE Niagen Bioscience Inc. | Add +4.2% | 5.33% | −3.57 |
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 |