SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Tieton Capital Management, LLC

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

Reported Value
$188M
Q2 2021
Positions
33
Filings on Record
30
2019–present window
Filed
Aug 10, 2021
original filing

Summary

Tieton Capital Management, LLC reported $188M in U.S.-listed holdings across 33 positions for Q2 2021.

Its largest position, CUBI, represents 6.6% of the portfolio.

Compared with Q1 2021, the fund opened 0 new positions and exited 2.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+49.3%
share of reported value
Largest Position
+6.6%
Customers Bancorp

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: 79.4%Other: 20.6%
  • Common Stock · 79.4% · $149M
  • Other · 20.6% · $39M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MYFWFirst Western FinancialADDED+125.7K167.1K+$3M$4M
Fluent IncADDED+1.18M1.98M+$3M$6M
DHXDHI GroupADDED+1.13M2.07M+$4M$7M
APOGApogee Enterprises IncSOLD OUT−69.5K0−$3M$0
Marlin Business ServicesSOLD OUT−79.6K0−$1M$0
TCBITexas Capital BancsharesADDED+22.8K70.2K+$1M$4M
VBTXVeritex Holdings IncTRIMMED−85.8K104.2K−$3M$4M
TriState Capital HldgsADDED+88.5K358.3K+$1M$7M

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

Holdings — Q2 2021

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CUBICustomers Bancorphistory →COM6.57%$12M316.4K
2EGYVAALCO Energy Inchistory →COM6.42%$12M3.71M
3Bonanza Creek EnergyCOM5.43%$10M216.6K
4ENVAEnova International Inchistory →COM4.77%$9M262.0K
5GRBKGreen Brick Partnershistory →COM4.66%$9M384.5K
6RMRegional Management Corphistory →COM4.62%$9M186.6K
7AdvanSix IncCOM4.49%$8M282.6K
8MFINMedallion Financialhistory →COM4.40%$8M933.4K
9MPAAMotorcar Parts of Americahistory →COM4.02%$8M336.5K
10TriState Capital HldgsCOM3.89%$7M358.3K
11Vishay Precision GroupCOM3.73%$7M206.0K
12DHXDHI Grouphistory →COM3.73%$7M2.07M
13NMIHNMI Holdingshistory →COM3.60%$7M300.5K
14Hill InternationalCOM3.15%$6M2.38M
15CECOCECO Environmentalhistory →COM3.11%$6M815.9K
16Fluent IncCOM3.08%$6M1.98M
17KTCCKey Tronic Corphistory →COM2.97%$6M854.7K
18GEOSGeospace Technologieshistory →COM2.67%$5M620.3K
19TCBITexas Capital Bancshareshistory →COM2.37%$4M70.2K
20BBSIBarrett Business Serviceshistory →COM2.37%$4M61.2K
21MYFWFirst Western Financialhistory →COM2.30%$4M167.1K
22MYGNMyriad Geneticshistory →COM2.17%$4M133.2K
23ADTRAN IncCOM2.11%$4M192.3K
24NATRNature's Sunshine Productshistory →COM1.98%$4M213.8K
25VBTXVeritex Holdings Inchistory →COM1.96%$4M104.2K
26Trecora ResourcesCOM1.76%$3M397.7K
27NAGEChromadex Corphistory →COM1.63%$3M309.8K
28NSITInsight Enterpriseshistory →COM1.43%$3M26.8K
29TESSCO TechnologiesCOM1.42%$3M434.0K
30NPKINewpark Resources Inchistory →COM1.40%$3M758.2K
31Stabilis Energy IncCOM1.24%$2M234.9K
32Psychemedics CorpCOM0.53%$996,000143.2K
33BM Technologies RestrictedCOM0.00%$050.4K

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 ↗.