SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Acuitas Investments, LLC

CIK 0001524828 · 520 PIKE STREET, SUITE 1221, SEATTLE, WA, 98101 · 206-299-2070

Reported Value
$106M
Q1 2022
Positions
32
Filings on Record
30
2019–present window
Filed
May 6, 2022
original filing

Summary

Acuitas Investments, LLC reported $106M in U.S.-listed holdings across 32 positions for Q1 2022.

Its largest position, TRC, represents 5.9% of the portfolio.

Compared with Q4 2021, the fund opened 8 new positions and exited 41.

Portfolio Metrics

Turnover
+13.7%
vs prior filed quarter
Top-10 Concentration
+49.6%
share of reported value
Largest Position
+5.9%
Tejon Ranch
New / Exited
8 / 41
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
Q2 ’20: $80MQ2 ’20Q3 ’20: $143MQ4 ’20: $154MQ1 ’21: $174MQ1 ’21Q2 ’21: $200MQ3 ’21: $229MQ4 ’21: $235MQ4 ’21Q1 ’22: $106MQ2 ’22: $83MQ3 ’22: $96MQ3 ’22Q4 ’22: $99MQ1 ’23: $97MQ2 ’23: $172MQ2 ’23Q3 ’23: $170MQ4 ’23: $192MQ1 ’24: $198MQ1 ’24Q2 ’24: $187MQ3 ’24: $224MQ4 ’24: $122MQ4 ’24Q1 ’25: $117MQ2 ’25: $126MQ3 ’25: $156MQ3 ’25Q1 ’26: $1Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 81.3%REIT: 9.1%ADR: 4.7%Other: 3.7%ETP: 1.1%
  • Common Stock · 81.3% · $87M
  • REIT · 9.1% · $10M
  • ADR · 4.7% · $5M
  • Other · 3.7% · $4M
  • ETP · 1.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PETIQ INCNEW+148.7K148.7K+$4M$4M
TTITETRA TECHNOLOGIES INC DELNEW+777.9K777.9K+$3M$3M
SCZISHARES TRNEW+17.6K17.6K+$1M$1M
RUSHARUSH ENTERPRISES INCNEW+7.2K7.2K+$367,000$367,000
RELLRICHARDSON ELECTRS LTDNEW+26.7K26.7K+$332,000$332,000
SMLRSEMLER SCIENTIFIC INCNEW+5.8K5.8K+$287,000$287,000
HLIOHELIOS TECHNOLOGIES INCNEW+3.5K3.5K+$281,000$281,000
OOMAOOMA INCNEW+16.0K16.0K+$240,000$240,000

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

Holdings — Q1 2022

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TRCTEJON RANCH COhistory →COM5.86%$6M341.2K
2HRTGHERITAGE INSURANCE HLDGS INChistory →COM5.57%$6M830.3K
3SEISOLARIS OILFIELD INFRASTRUCThistory →COM CL A5.42%$6M510.6K
4PTENPATTERSON-UTI ENERGY INChistory →COM4.94%$5M339.3K
5ALEXALEXANDER & BALDWIN INC NEWhistory →COM4.82%$5M221.3K
6NGVCNATURAL GROCERS BY VITAMIN Chistory →COM4.72%$5M256.1K
7VLRSCONTROLADORA VUELA COMP DE Ahistory →SPON ADR RP 104.70%$5M275.0K
8TASEKO MINES LTDCOM4.57%$5M2.12M
9INBKFIRST INTERNET BANCORPhistory →COM4.50%$5M111.2K
10ANDEANDERSONS INChistory →COM4.48%$5M94.9K
11STRLSTERLING CONSTR INChistory →COM4.31%$5M171.1K
12FSPFRANKLIN STR PPTYS CORPhistory →COM4.30%$5M775.2K
13NOANORTH AMERN CONSTR GROUP LTDhistory →COM3.79%$4M278.9K
14YATRA ONLINE INCORD SHS3.73%$4M2.00M
15USA TRUCK INCCOM3.70%$4M191.2K
16PETIQ INCCOM CL A3.41%$4M148.7K
17TRUECAR INCCOM3.18%$3M856.8K
18TTITETRA TECHNOLOGIES INC DELhistory →COM3.01%$3M777.9K
19HAYNES INTERNATIONAL INCCOM NEW2.89%$3M72.2K
20SLRCSLR INVESTMENT CORPhistory →COM2.87%$3M168.2K
21POWLPOWELL INDS INChistory →COM2.62%$3M143.2K
22TBBKBANCORP INC DELhistory →COM2.51%$3M94.1K
23NGSNATURAL GAS SVCS GROUP INChistory →COM2.50%$3M223.0K
24ORION ENERGY SYS INCCOM2.47%$3M938.9K
25TILLYS INCCL A2.17%$2M246.3K
26SCZISHARES TRhistory →EAFE SML CP ETF1.10%$1M17.6K
27INTRICON CORPCOM0.46%$484,00020.3K
28RUSHARUSH ENTERPRISES INCCL A0.35%$367,0007.2K
29RELLRICHARDSON ELECTRS LTDCOM0.31%$332,00026.7K
30SMLRSEMLER SCIENTIFIC INCCOM0.27%$287,0005.8K
31HLIOHELIOS TECHNOLOGIES INCCOM0.26%$281,0003.5K
32OOMAOOMA INCCOM0.23%$240,00016.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1M9Apr 29, 202613F-HRchanges · EDGAR ↗
Q4 2025Under review1Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$156M52Nov 18, 2025RESTATEMENTchanges · EDGAR ↗
Q2 2025$126M53Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$117M66Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$122M63Jan 31, 202513F-HRchanges · EDGAR ↗
Q3 2024$224M117Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$187M119Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$198M123May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$192M117Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023$170M115Oct 27, 202313F-HRchanges · EDGAR ↗
Q2 2023$172M107Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$97M41May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$99M40Feb 6, 202313F-HRchanges · EDGAR ↗
Q3 2022$96M42Nov 2, 202213F-HRchanges · EDGAR ↗
Q2 2022$83M31Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$106M32May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$235M66Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$229M68Oct 27, 202113F-HRchanges · EDGAR ↗
Q2 2021$200M69Aug 24, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$174M72May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$154M66Feb 4, 202113F-HRchanges · EDGAR ↗
Q3 2020$143M65Nov 9, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$80M38Aug 11, 202013F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 18 additional managers.

  • ClariVest Asset Management LLC028-12126
  • Monarch Partners Asset Management LLC028-15158
  • Pacific Ridge Capital Partners, LLC028-15835
  • Ranger Investment Management, L.P.028-11311
  • JCSD Capital, LLC028-16516
  • FRIESS ASSOCIATES LLC028-01346
  • Walthausen & Co., LLC028-13672
  • AltraVue Capital, LLC028-19044
  • GLOBEFLEX CAPITAL L P028-04886
  • PZENA INVESTMENT MANAGEMENT LLC028-03791
  • Granahan Investment Management, LLC028-05876
  • Tieton Capital Management, LLC028-14613
  • MACKENZIE FINANCIAL CORP028-05178
  • Plaisance Capital LLC028-20262
  • Meros Investment Management, LP028-22239
  • TimesSquare Capital Management, LLC028-11092
  • SIGNIA CAPITAL MANAGEMENT LLC028-12115
  • SEVEN CANYONS ADVISORS, LLC

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 ↗.