Tieton Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 10, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Tieton Capital Management reported a $348M portfolio of 37 positions to the SEC as of the end of Q2 2026. Its largest positions are ENVA, CUBI, LOCO. During the quarter it opened Ibex and Gigacloud Technology and exited SM Energy.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Tieton Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
- 13GResources ConnectionRGP6.9 % → 8.2 %
Stake reported in the company · event of Jun 30, 2025 · filed Aug 12, 2026 · filing ↗
What changed this quarter
33 positions with a change (3 new, 9 added to, 20 trimmed, 1 sold). 11 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Vishay Precision Group−99%fewer sharesReduced3.5% → 0.1%
- Ibex+2.4 ppof portfolioNew— → 2.4%
- ADTRAN Holdings−45%fewer sharesReduced4.4% → 2.3%
- Gigacloud Technology+1.8 ppof portfolioNew— → 1.8%
- SM Energy−1.7 ppof portfolioSold out2.0% → —
- Rocky Brands+1.2 ppof portfolioNew— → 1.2%
- Eastern+186%more sharesIncreased0.5% → 1.7%
- MGP Ingredients+50%more sharesIncreased2.6% → 3.2%
- Climb Global Solutions+28%more sharesIncreased3.6% → 4.6%
- Zumiez+71%more sharesIncreased1.9% → 2.3%
- Barrett Business Services+21%more sharesIncreased2.6% → 3.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Enova InternationalENVA7.6%
- Customers BancorpCUBI5.8%
- EL Pollo LOCO HoldingsLOCO5.0%
- Myers IndustriesMYE4.7%
- Climb Global SolutionsCLMB4.6%
- Aviat NetworksAVNW4.3%
- American Coastal InsuranceACIC4.0%
- Regional ManagementRM3.8%
- NPK InternationalNPKI3.8%
- Resources ConnectionRGP3.4%
- Texas Capital BancsharesTCBI3.4%
- DHI GroupDHX3.4%
- NB BancorpNBBK3.3%
- Barrett Business ServicesBBSI3.3%
- MGP IngredientsMGPI3.2%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 33%
- ● Industrials 28%
- ● Information Technology 13%
- ● Consumer Discretionary 11%
- ● Materials 8%
- ● Health Care 5%
- ● Energy 3%
How its portfolio changed (8 quarters)
Q2 2026: 37
Q2 2026: 47%
Q2 2026: 9.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 17, 2026 (medium confidence).
The data, as reported: TIETON CAPITAL MANAGEMENT (CRD 135769): Mixed client base, discretionary; 5.D assets by client type: high net worth 27%, pooled vehicles 21%, governments 19%, charities 14% (of $314M); 5.F 50 accounts, 0% non-discretionary; 5.D 47 clients, 45 individuals
The type comes from a rule applied to that data. If it looks wrong, tell us.
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