SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Tieton Capital Management, LLC

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

Reported Value
$180M
Q2 2024
Positions
39
Filings on Record
30
2019–present window
Filed
Aug 9, 2024
original filing

Summary

Tieton Capital Management, LLC reported $180M in U.S.-listed holdings across 39 positions for Q2 2024.

Its largest position, CUBI, represents 6.3% of the portfolio.

Compared with Q1 2024, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+11.3%
vs prior filed quarter
Top-10 Concentration
+48.9%
share of reported value
Largest Position
+6.3%
Customers Bancorp
New / Exited
3 / 2
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: 99.2%Other: 0.7%ADR: 0.1%
  • Common Stock · 99.2% · $179M
  • Other · 0.7% · $1M
  • ADR · 0.1% · $151,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SSTKShutterstock IncNEW+137.5K137.5K+$5M$5M
RGPResources ConnectionNEW+403.3K403.3K+$4M$4M
FLNTFluent IncNEW+848.7K848.7K+$3M$3M
BBSIBarrett Business ServicesADDED+152.5K204.8K+$90,000$7M
CMTCore Molding TechnologyADDED+107.0K177.5K+$1M$3M
NMIHNMI HoldingsSOLD OUT−94.6K0−$3M$0
Fluent IncSOLD OUT−4.39M0−$2M$0
CECOCECO EnvironmentalTRIMMED−212.4K10.3K−$5M$298,000

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

Holdings — Q2 2024

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CUBICustomers Bancorphistory →COM6.31%$11M237.0K
2CIVICivitas Resourceshistory →COM6.08%$11M158.7K
3ACICAmerican Coastal Insurancehistory →COM5.87%$11M1.00M
4ENVAEnova Internationalhistory →COM5.60%$10M162.0K
5EGYVAALCO Energyhistory →COM5.12%$9M1.47M
6NAGEChromaDex Corphistory →COM4.50%$8M2.97M
7CLMBClimb Global Solutionshistory →COM4.30%$8M123.1K
8NPKINewpark Resourceshistory →COM3.82%$7M826.5K
9BBSIBarrett Business Serviceshistory →COM3.73%$7M204.8K
10PRIMPrimoris Services Corphistory →COM3.61%$7M130.4K
11GEOSGeospace Technologieshistory →COM3.61%$6M723.3K
12MFINMedallion Financialhistory →COM3.44%$6M805.3K
13MPAAMotorcar Parts of Americahistory →COM3.36%$6M979.0K
14RMRegional Managementhistory →COM3.31%$6M207.4K
15TCBITexas Capital Bancshrshistory →COM3.12%$6M91.7K
16VBTXVeritex Holdingshistory →COM3.10%$6M264.6K
17SSTKShutterstock Inchistory →COM2.95%$5M137.5K
18DHXDHI Grouphistory →COM2.83%$5M2.44M
19ADTNADTRAN Holdingshistory →COM2.83%$5M967.9K
20Guess IncCOM2.70%$5M237.8K
21RGPResources Connectionhistory →COM2.47%$4M403.3K
22BGSFBGSF Inchistory →COM2.38%$4M500.1K
23ZUMZZumiez Inchistory →COM2.27%$4M209.6K
24FLNTFluent Inchistory →COM1.70%$3M848.7K
25CMTCore Molding Technologyhistory →COM1.57%$3M177.5K
26MYFWFirst Western Financialhistory →COM1.43%$3M151.4K
27KTCCKey Tronic Corphistory →COM1.39%$3M619.0K
28MYEMyers Industrieshistory →COM1.39%$3M186.9K
29Orion Energy SystemsCOM1.35%$2M2.19M
30DLTHDuluth Holdings Inchistory →COM1.21%$2M592.7K
31VPGVishay Precision GroupCOM0.78%$1M46.3K
32BM TechnologiesCOM0.61%$1M488.9K
33SLNGStabilis SolutionsCOM0.36%$647,000167.9K
34NATRNature's Sunshine ProductsCOM0.33%$598,00039.7K
35AMZNAmazon.com IncCOM0.21%$386,0002.0K
36CECOCECO EnvironmentalCOM0.17%$298,00010.3K
37Hon Hai Precision CoCOM0.11%$192,00029.2K
38RYCEYRolls Royce Hldgs PLCCOM0.06%$113,00019.8K
39NOKNokia CorpCOM0.02%$38,00010.0K

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 ↗.