SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Tieton Capital Management, LLC

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

Reported Value
$179M
Q4 2021
Positions
33
Filings on Record
30
2019–present window
Filed
Feb 10, 2022
original filing

Summary

Tieton Capital Management, LLC reported $179M in U.S.-listed holdings across 33 positions for Q4 2021.

Its largest position, CUBI, represents 7.1% of the portfolio.

Compared with Q3 2021, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+17.5%
vs prior filed quarter
Top-10 Concentration
+52.0%
share of reported value
Largest Position
+7.1%
Customers Bancorp
New / Exited
4 / 3
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: 89.9%Other: 10.1%
  • Common Stock · 89.9% · $161M
  • Other · 10.1% · $18M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CIVICivitas ResourcesNEW+194.6K194.6K+$10M$10M
Orion Energy SystemsNEW+991.5K991.5K+$4M$4M
ACICUnited Insurance Holdings CorpNEW+650.7K650.7K+$3M$3M
BM TechnologiesNEW+259.8K259.8K+$2M$2M
Guess IncADDED+172.2K288.6K+$4M$7M
Bonanza Creek EnergySOLD OUT−210.8K0−$10M$0
Psychemedics CorpSOLD OUT−59.4K0−$505,000$0
BM TechnologiesSOLD OUT−49.0K0−$436,000$0

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

Holdings — Q4 2021

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CUBICustomers Bancorphistory →COM7.06%$13M192.9K
2DHXDHI Grouphistory →COM6.43%$11M1.84M
3EGYVAALCO Energy Inchistory →COM5.96%$11M3.31M
4GRBKGreen Brick Partnershistory →COM5.79%$10M341.0K
5ENVAEnova International Inchistory →COM5.37%$10M234.3K
6CIVICivitas Resourceshistory →COM5.34%$10M194.6K
7Fluent IncCOM4.29%$8M3.85M
8RMRegional Management Corphistory →COM4.11%$7M127.6K
9Guess IncCOM3.83%$7M288.6K
10Vishay Precision GroupCOM3.82%$7M183.8K
11AdvanSix IncCOM3.67%$7M138.7K
12NMIHNMI Holdingshistory →COM3.26%$6M266.6K
13MYFWFirst Western Financialhistory →COM3.11%$6M182.9K
14CECOCECO Environmentalhistory →COM2.96%$5M849.8K
15MPAAMotorcar Parts of Americahistory →COM2.88%$5M301.6K
16Hill InternationalCOM2.80%$5M2.57M
17KTCCKey Tronic Corphistory →COM2.77%$5M796.6K
18MFINMedallion Financialhistory →COM2.71%$5M834.9K
19ADTRAN IncCOM2.20%$4M172.3K
20TCBITexas Capital Bancshareshistory →COM2.16%$4M63.9K
21GEOSGeospace Technologieshistory →COM2.08%$4M552.1K
22VBTXVeritex Holdings Inchistory →COM2.05%$4M92.1K
23BBSIBarrett Business Serviceshistory →COM2.02%$4M52.2K
24NATRNature's Sunshine Productshistory →COM2.01%$4M194.3K
25Orion Energy SystemsCOM2.01%$4M991.5K
26MYGNMyriad Geneticshistory →COM1.83%$3M118.5K
27ACICUnited Insurance Holdings Corphistory →COM1.58%$3M650.7K
28BM TechnologiesCOM1.34%$2M259.8K
29TESSCO TechnologiesCOM1.32%$2M379.5K
30NPKINewpark Resources Inchistory →COM1.13%$2M684.0K
31NAGEChromadex CorpCOM0.87%$2M416.7K
32TriState Capital HldgsCOM0.73%$1M43.4K
33Stabilis Energy IncCOM0.50%$896,000211.8K

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 ↗.