Tieton Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Tieton Capital Management, LLC reported 35 stock positions worth $298.6 million. Its top holding was Customers Bancorp (CUBI) at 6.1% of the portfolio, followed by Aviat Networks (AVNW, 5.2%) and Enova International (ENVA, 5.1%). Compared with Q4 2025, it opened 2 new positions, sold out of 2, added to 30 and reduced 3. The biggest buy was a new position in SM Energy (SM) and the biggest sale an exit from Civitas Resources (CIVI).
- Most Recent 13F
- Q2 2026
- Location
- YAKIMA, WA
- CIK
- 0001381954
- Portfolio Value
- $298.6M (Q1 2026)
- SEC Filing
- 0001381954-26-000002 ↗ filed May 8, 2026
Holdings Value
Holdings 35 stocks · $298.6M
| CUBI Customers Bancorp Inc. | 6.08% | 261,743 | $18.2M | Reduce -9.6% |
| AVNW Aviat Networks Inc. | 5.18% | 684,326 | $15.5M | Add +3.5% |
| ENVA Enova International Inc. | 5.14% | 113,020 | $15.4M | Add +5.0% |
| LOCO El Pollo Loco Holdings Inc. | 4.91% | 1,057,482 | $14.7M | Add +24.0% |
| ACIC American Coastal Insurance C | 4.80% | 1,273,455 | $14.3M | Add +4.5% |
| ADTN Adtran Holdings Inc. | 4.36% | 1,035,167 | $13.0M | Add +4.7% |
| NPKI NPK International Inc. | 4.06% | 835,920 | $12.1M | Add +4.4% |
| EGY Vaalco Energy Inc. | 4.00% | 1,882,740 | $11.9M | Add +4.7% |
| NBBK NB Bancorp Inc. | 3.91% | 553,570 | $11.7M | Add +5.5% |
| TCBI Texas Capital Bancshares Inc. | 3.74% | 117,550 | $11.2M | Add +5.0% |
| GEOS Geospace Technologies Corp. | 3.73% | 912,118 | $11.1M | Add +3.2% |
| CLMB Climb Global Solutions Inc. | 3.57% | 538,131 | $10.7M | Add +20.1% |
| VPG Vishay Precision Group | 3.48% | 239,222 | $10.4M | Reduce -23.1% |
| RM Regional Management Corp. | 3.46% | 320,224 | $10.3M | Add +5.1% |
| CMT Core Molding Technologies Inc. | 3.45% | 459,890 | $10.3M | Add +4.4% |
| MYE Myers Industries Inc. | 3.34% | 471,260 | $10.0M | Add +4.4% |
| DHX Dhi Group Inc. | 3.18% | 3,374,765 | $9.5M | Add +10.9% |
| RGP Resources Connection Inc. | 3.06% | 2,452,930 | $9.1M | Add +8.6% |
| NAGE Niagen Bioscience Inc. | 3.00% | 2,029,155 | $8.9M | Add +23.4% |
| MFIN Medallion Financial Corp. | 2.96% | 1,032,304 | $8.8M | Add +5.3% |
| HRMY Harmony Biosciences Holdings | 2.92% | 311,496 | $8.7M | Add +4.8% |
| MGPI MGP Ingredients Inc. | 2.63% | 426,950 | $7.9M | Add +73.0% |
| BBSI Barrett Business SVCS Inc. | 2.58% | 263,765 | $7.7M | Add +4.9% |
| SM SM Energy Co. | 1.98% | 189,263 | $5.9M | New |
| ZUMZ Zumiez Inc. | 1.93% | 260,463 | $5.8M | Add +2.3% |
| MYFW First Western Financial Inc. | 1.57% | 190,094 | $4.7M | Add +3.5% |
| BGSF BGSF Inc. | 1.37% | 631,037 | $4.1M | Add +2.4% |
| FLNT Fluent Inc. | 1.24% | 1,173,092 | $3.7M | Add +8.3% |
| FORR Forrester Research Inc. | 1.06% | 559,041 | $3.2M | Add +3.8% |
| DLTH Duluth Holdings Inc. Class B | 0.79% | 747,098 | $2.4M | Add +2.7% |
| OESX Orion Energy Systems Inc. | 0.78% | 266,476 | $2.3M | Add +4.0% |
| KTCC Key Tronic Corp. | 0.69% | 758,695 | $2.1M | Add +4.2% |
| EML The Eastern Co. | 0.51% | 75,954 | $1.5M | New |
| SLNG Stabilis Solutions Inc. | 0.34% | 224,513 | $1.0M | Add +9.7% |
| PRIM Primoris Services Corp. | 0.21% | 4,365 | $624K | Reduce -0.8% |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| SM SM Energy Co. | New | 1.98% | +1.98 |
| LOCO El Pollo Loco Holdings Inc. | Add +24.0% | 4.91% | +1.86 |
| EGY Vaalco Energy Inc. | Add +4.7% | 4.00% | +1.76 |
| DHX Dhi Group Inc. | Add +10.9% | 3.18% | +1.56 |
| ADTN Adtran Holdings Inc. | Add +4.7% | 4.36% | +1.42 |
| NPKI NPK International Inc. | Add +4.4% | 4.06% | +0.79 |
| MGPI MGP Ingredients Inc. | Add +73.0% | 2.63% | +0.58 |
| EML The Eastern Co. | New | 0.51% | +0.51 |
| MYE Myers Industries Inc. | Add +4.4% | 3.34% | +0.45 |
| CMT Core Molding Technologies Inc. | Add +4.4% | 3.45% | +0.43 |
| BGSF BGSF Inc. | Add +2.4% | 1.37% | +0.39 |
| FLNT Fluent Inc. | Add +8.3% | 1.24% | +0.35 |
| NBBK NB Bancorp Inc. | Add +5.5% | 3.91% | +0.35 |
| AVNW Aviat Networks Inc. | Add +3.5% | 5.18% | +0.34 |
| DLTH Duluth Holdings Inc. Class B | Add +2.7% | 0.79% | +0.27 |
| TCBI Texas Capital Bancshares Inc. | Add +5.0% | 3.74% | +0.27 |
| SLNG Stabilis Solutions Inc. | Add +9.7% | 0.34% | +0.02 |
| KTCC Key Tronic Corp. | Add +4.2% | 0.69% | −0.00 |
| MYFW First Western Financial Inc. | Add +3.5% | 1.57% | −0.12 |
| ZUMZ Zumiez Inc. | Add +2.3% | 1.93% | −0.33 |
| CLMB Climb Global Solutions Inc. | Add +20.1% | 3.57% | −0.36 |
| FORR Forrester Research Inc. | Add +3.8% | 1.06% | −0.44 |
| ACIC American Coastal Insurance C | Add +4.5% | 4.80% | −0.47 |
| MFIN Medallion Financial Corp. | Add +5.3% | 2.96% | −0.49 |
| BBSI Barrett Business SVCS Inc. | Add +4.9% | 2.58% | −0.54 |
| OESX Orion Energy Systems Inc. | Add +4.0% | 0.78% | −0.57 |
| RM Regional Management Corp. | Add +5.1% | 3.46% | −0.58 |
| NAGE Niagen Bioscience Inc. | Add +23.4% | 3.00% | −0.58 |
| ENVA Enova International Inc. | Add +5.0% | 5.14% | −0.65 |
| RGP Resources Connection Inc. | Add +8.6% | 3.06% | −0.83 |
| HRMY Harmony Biosciences Holdings | Add +4.8% | 2.92% | −0.88 |
| GEOS Geospace Technologies Corp. | Add +3.2% | 3.73% | −1.39 |
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 |