SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Tieton Capital Management, LLC

CIK 0001381954 · 4700 TIETON DRIVE, SUITE C, YAKIMA, WA, 98908 · 509-965-6488

Reported Value
$174M
Q1 2021
Positions
35
Filings on Record
30
2019–present window
Filed
May 10, 2021
original filing

Summary

Tieton Capital Management, LLC reported $174M in U.S.-listed holdings across 35 positions for Q1 2021.

Its largest position, CUBI, represents 5.8% of the portfolio.

Compared with Q4 2020, the fund opened 5 new positions and exited 1.

Portfolio Metrics

Turnover
+10.4%
vs prior filed quarter
Top-10 Concentration
+46.4%
share of reported value
Largest Position
+5.8%
Customers Bancorp
New / Exited
5 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $89MQ4 ’18Q1 ’19: $112MQ2 ’19: $114MQ3 ’19: $117MQ4 ’19: $125MQ4 ’19Q1 ’20: $62MQ2 ’20: $80MQ3 ’20: $101MQ4 ’20: $137MQ4 ’20Q1 ’21: $174MQ2 ’21: $188MQ3 ’21: $184MQ4 ’21: $179MQ4 ’21Q1 ’22: $181MQ2 ’22: $144MQ3 ’22: $142MQ4 ’22: $151MQ4 ’22Q1 ’23: $140MQ2 ’23: $156MQ3 ’23: $159MQ4 ’23: $178MQ4 ’23Q1 ’24: $191MQ2 ’24: $180MQ3 ’24: $193MQ4 ’24: $249MQ4 ’24Q1 ’25: $219MQ2 ’25: $256MQ3 ’25: $288MQ4 ’25: $292MQ4 ’25Q1 ’26: $299Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 81.2%Other: 18.8%
  • Common Stock · 81.2% · $141M
  • Other · 18.8% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CECOCECO EnvironmentalNEW+817.9K817.9K+$6M$6M
NATRNature's Sunshine ProductsNEW+215.2K215.2K+$4M$4M
DHXDHI GroupNEW+944.9K944.9K+$3M$3M
MYFWFirst Western FinancialNEW+41.4K41.4K+$1M$1M
BM Technologies RestrictedNEW+50.0K50.0K+$0$0
Hill InternationalADDED+1.18M1.89M+$5M$6M
ZAGG IncSOLD OUT−848.8K0−$4M$0
NAGEChromadex CorpTRIMMED−842.3K310.8K−$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CUBICustomers Bancorphistory →COM5.84%$10M318.5K
2ENVAEnova International Inchistory →COM5.37%$9M262.6K
3GRBKGreen Brick Partnershistory →COM5.03%$9M384.8K
4EGYVAALCO Energy Inchistory →COM4.87%$8M3.77M
5Bonanza Creek EnergyCOM4.48%$8M217.4K
6RMRegional Management Corphistory →COM4.45%$8M222.7K
7AdvanSix IncCOM4.38%$8M283.5K
8MPAAMotorcar Parts of Americahistory →COM4.37%$8M337.3K
9KTCCKey Tronic Corphistory →COM3.82%$7M859.2K
10MFINMedallion Financialhistory →COM3.81%$7M936.8K
11CECOCECO Environmentalhistory →COM3.74%$6M817.9K
12Vishay Precision GroupCOM3.67%$6M206.5K
13TriState Capital HldgsCOM3.58%$6M269.8K
14VBTXVeritex Holdings Inchistory →COM3.58%$6M190.0K
15Hill InternationalCOM3.49%$6M1.89M
16GEOSGeospace Technologieshistory →COM3.26%$6M621.0K
17MYGNMyriad Geneticshistory →COM3.21%$6M183.1K
18NMIHNMI Holdingshistory →COM3.13%$5M229.9K
19NATRNature's Sunshine Productshistory →COM2.47%$4M215.2K
20BBSIBarrett Business Serviceshistory →COM2.43%$4M61.3K
21ADTRAN IncCOM2.40%$4M249.6K
22NSITInsight Enterpriseshistory →COM1.99%$3M36.3K
23TCBITexas Capital Bancshareshistory →COM1.94%$3M47.4K
24Fluent IncCOM1.88%$3M795.5K
25DHXDHI Grouphistory →COM1.82%$3M944.9K
26TESSCO TechnologiesCOM1.81%$3M434.1K
27Trecora ResourcesCOM1.78%$3M398.3K
28NAGEChromadex Corphistory →COM1.67%$3M310.8K
29APOGApogee Enterprises Inchistory →COM1.64%$3M69.5K
30NPKINewpark Resources Inchistory →COM1.38%$2M761.3K
31Stabilis Energy IncCOM0.91%$2M234.8K
32Marlin Business ServicesCOM0.63%$1M79.6K
33MYFWFirst Western FinancialCOM0.60%$1M41.4K
34Psychemedics CorpCOM0.56%$966,000155.8K
35BM Technologies RestrictedCOM0.00%$050.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$299M35May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$292M35Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$288M33Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$256M34Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$219M34May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$249M40Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$193M40Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$180M39Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$191M38May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$178M37Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$159M33Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$156M31Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$140M31May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$151M32Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$142M32Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$144M32Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$181M32May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$179M33Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$184M32Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$188M33Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$174M35May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$137M31Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$101M30Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$80M29Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$62M27May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$125M29Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$117M29Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$114M29Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$112M30May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$89M30Feb 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.