SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Tieton Capital Management, LLC

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

Reported Value
$249M
Q4 2024
Positions
40
Filings on Record
30
2019–present window
Filed
Feb 11, 2025
original filing

Summary

Tieton Capital Management, LLC reported $249M in U.S.-listed holdings across 40 positions for Q4 2024.

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

Compared with Q3 2024, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+47.1%
share of reported value
Largest Position
+6.6%
American Coastal Insurance
New / Exited
3 / 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
Other: 51.8%Common Stock: 48.2%ADR: 0.1%
  • Other · 51.8% · $129M
  • Common Stock · 48.2% · $120M
  • ADR · 0.1% · $185,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Aviat NetworksNEW+650.3K650.3K+$12M$12M
First Western FinancialNEW+184.6K184.6K+$4M$4M
Goldman Sachs GroupNEW+400400+$229,000$229,000
MYFWFirst Western FinancialSOLD OUT−150.8K0−$3M$0
BM TechnologiesSOLD OUT−479.6K0−$2M$0
AVNWAviat NetworksSOLD OUT−59.2K0−$1M$0
Guess IncADDED+226.7K463.7K+$2M$7M
SSTKShutterstock IncADDED+120.0K283.7K+$3M$9M

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

Holdings — Q4 2024

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACICAmerican Coastal Insurancehistory →COM6.64%$17M1.23M
2Customers BancorpCOM5.68%$14M290.4K
3NAGEChromaDex Corphistory →COM5.52%$14M2.59M
4Enova InternationalCOM5.12%$13M132.8K
5Aviat NetworksCOM4.74%$12M650.3K
6BBSIBarrett Business Serviceshistory →COM4.40%$11M251.6K
7ADTRAN HoldingsCOM3.99%$10M1.19M
8MFINMedallion Financialhistory →COM3.73%$9M987.1K
9MPAAMotorcar Parts of Americahistory →COM3.65%$9M1.19M
10Civitas ResourcesCOM3.59%$9M194.9K
11Geopspace TechnologiesCOM3.56%$9M882.8K
12VBTXVeritex Holdingshistory →COM3.55%$9M325.4K
13Texas Capital BancshrsCOM3.54%$9M112.6K
14Regional ManagementCOM3.49%$9M255.3K
15SSTKShutterstock Inchistory →COM3.46%$9M283.7K
16VAALCO EnergyCOM3.17%$8M1.81M
17NPKINPK Internationalhistory →COM3.12%$8M1.01M
18CLMBClimb Global Solutionshistory →COM3.12%$8M61.2K
19Resources ConnectionCOM2.82%$7M823.1K
20Guess IncCOM2.62%$7M463.7K
21CMTCore Molding Technologyhistory →COM2.33%$6M349.8K
22Vishay Precision GroupCOM2.29%$6M242.8K
23Primoris Services CorpCOM2.27%$6M74.0K
24DHI GroupCOM2.14%$5M3.01M
25ZUMZZumiez Inchistory →COM1.98%$5M256.5K
26First Western FinancialCOM1.45%$4M184.6K
27MYEMyers Industrieshistory →COM1.35%$3M304.3K
28BGSF IncCOM1.31%$3M623.3K
29KTCCKey Tronic Corphistory →COM1.26%$3M749.1K
30Fluent IncCOM1.08%$3M1.06M
31Duluth Holdings IncCOM0.90%$2M725.6K
32Orion Energy SystemsCOM0.86%$2M2.66M
33Stabilis SolutionsCOM0.45%$1M208.1K
34NATRNature's Sunshine ProductsCOM0.29%$726,00049.5K
35AMZNAmazon.com IncCOM0.18%$439,0002.0K
36CECOCECO EnvironmentalCOM0.12%$294,0009.7K
37Goldman Sachs GroupCOM0.09%$229,000400
38Hon Hai Precision CoCOM0.07%$164,00029.2K
39RYCEYRolls Royce HoldingsCOM0.06%$141,00019.8K
40NOKNokia CorpCOM0.02%$44,00010.0K

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 ↗.