SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Tieton Capital Management, LLC

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

Reported Value
$151M
Q4 2022
Positions
32
Filings on Record
30
2019–present window
Filed
Feb 10, 2023
original filing

Summary

Tieton Capital Management, LLC reported $151M in U.S.-listed holdings across 32 positions for Q4 2022.

Its largest position, CIVI, represents 7.0% of the portfolio.

Compared with Q3 2022, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+49.6%
share of reported value
Largest Position
+7.0%
Civitas Resources
New / Exited
1 / 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: 98.1%Other: 1.9%
  • Common Stock · 98.1% · $149M
  • Other · 1.9% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DLTHDuluth Holdings IncNEW+500.6K500.6K+$3M$3M
ASIXAdvanSix IncSOLD OUT−99.2K0−$3M$0
MPAAMotorcar Parts of AmericaADDED+108.7K471.8K+$69,000$6M
CECOCECO EnvironmentalTRIMMED−236.3K736.5K−$7,000$9M
NAGEChromaDex CorpADDED+469.4K2.75M+$2M$5M
BM TechnologiesTRIMMED−33.9K538.4K−$1M$3M
NATRNature's Sunshine ProductsHELD−3.9K113.4K−$23,000$943,000
TESSCO TechnologiesHELD−13.6K481.3K+$271,000$2M

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

Holdings — Q4 2022

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CIVICivitas Resourceshistory →COM7.05%$11M184.3K
2CECOCECO Environmentalhistory →COM5.68%$9M736.5K
3ENVAEnova Internationalhistory →COM5.67%$9M223.9K
4EGYVAALCO Energyhistory →COM5.17%$8M1.72M
5DHXDHI Grouphistory →COM5.16%$8M1.48M
6VPGVishay Precision Grouphistory →COM4.45%$7M174.4K
7MFINMedallion Financialhistory →COM4.42%$7M937.3K
8TCBITexas Capital Bancshrshistory →COM4.26%$6M107.0K
9PRIMPrimoris Services Corphistory →COM3.95%$6M272.3K
10Guess IncCOM3.79%$6M277.7K
11MPAAMotorcar Parts of Americahistory →COM3.70%$6M471.8K
12Fluent IncCOM3.66%$6M5.08M
13NMIHNMI Holdingshistory →COM3.54%$5M256.5K
14MYFWFirst Western Financialhistory →COM3.25%$5M174.6K
15BBSIBarrett Business Serviceshistory →COM3.09%$5M50.2K
16CUBICustomers Bancorphistory →COM3.08%$5M164.4K
17NAGEChromaDex Corphistory →COM3.05%$5M2.75M
18ZUMZZumiez Inchistory →COM2.61%$4M181.8K
19Orion Energy SystemsCOM2.51%$4M2.09M
20GEOSGeospace Technologieshistory →COM2.36%$4M846.8K
21RMRegional Managementhistory →COM2.26%$3M122.1K
22KTCCKey Tronic Corphistory →COM2.12%$3M743.0K
23ADTNADTRAN Inchistory →COM2.05%$3M165.1K
24DLTHDuluth Holdings Inchistory →COM2.04%$3M500.6K
25BM TechnologiesCOM1.85%$3M538.4K
26NPKINewpark Resourceshistory →COM1.81%$3M659.0K
27GRBKGreen Brick Partnershistory →COM1.72%$3M107.6K
28VBTXVeritex Holdingshistory →COM1.64%$2M88.6K
29TESSCO TechnologiesCOM1.53%$2M481.3K
30ACICUnited Insurance Hldgshistory →COM1.24%$2M1.77M
31SLNGStabilis SolutionsCOM0.66%$1M188.8K
32NATRNature's Sunshine ProductsCOM0.62%$943,000113.4K

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 ↗.