2026 Q1 Portfolio Activity
In 2026 Q1, Tieton Capital Management, LLC maintained a portfolio of 37 distinct positions. The most significant new addition was SM Energy Company, now representing 1.98% of the total fund value. They heavily accumulated shares in El Pollo Loco Holdings, increasing the position by 24.0%. Conversely, Tieton Capital Management, LLC completely exited their position in Civitas Resources.
Position History
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Total Positions
37
Quarter
2026 Q1
Top Holding
CUBI (6.1%)
Top 10 Concentration
46.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-37 of 37
Tieton Capital Management, LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
CUBI
Customers Banco...
|
Financial Services | 6.09% | 7.24% |
#1
Prev: #1
|
4.9 |
—
|
-27,859 | -9.6% |
P
S
|
261,743 | $18,168,000 | 2014 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
AVNW
Aviat Networks
|
Technology | 5.18% | 4.84% |
#2
3
Prev: #5
|
4.1 |
—
|
22,808 | 3.4% |
P
S
|
684,326 | $15,473,000 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
ENVA
Enova Internati...
|
Financial Services | 5.14% | 5.79% |
#3
1
Prev: #2
|
3.6 |
—
|
5,376 | 5.0% |
P
S
|
113,020 | $15,352,000 | 2017 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
LOCO
El Pollo Loco H...
|
Consumer Cyclical | 4.91% | 3.05% |
#4
13
Prev: #17
|
5.0 |
—
|
204,898 | 24.0% |
P
S
|
1,057,482 | $14,657,000 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
ACIC
American Coasta...
|
Financial Services | 4.80% | 5.27% |
#5
2
Prev: #3
|
2.9 |
—
|
54,565 | 4.5% |
P
S
|
1,273,455 | $14,326,000 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
ADTN
ADTRAN Holdings
|
Technology | 4.36% | 2.94% |
#6
13
Prev: #19
|
2.2 |
—
|
46,788 | 4.7% |
P
S
|
1,035,167 | $13,022,000 | 2011 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
NPKI
NPK Internation...
|
Energy | 4.06% | 3.26% |
#7
8
Prev: #15
|
2.1 |
—
|
35,358 | 4.4% |
P
S
|
835,920 | $12,112,000 | 2012 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
EGY
VAALCO Energy
|
Energy | 4.00% | 2.24% |
#8
14
Prev: #22
|
2.1 |
—
|
84,097 | 4.7% |
P
S
|
1,882,740 | $11,937,000 | 2014 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
NBBK
NB Bancorp
|
Financial Services | 3.91% | 3.56% |
#9
3
Prev: #12
|
3.6 |
—
|
28,635 | 5.5% |
P
S
|
553,570 | $11,664,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
TCBI
Texas Capital B...
|
Financial Services | 3.74% | 3.47% |
#10
3
Prev: #13
|
3.5 |
—
|
5,630 | 5.0% |
P
S
|
117,550 | $11,153,000 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
GEOS
Geospace Techno...
|
Energy | 3.73% | 5.11% |
#11
7
Prev: #4
|
2.0 |
—
|
27,942 | 3.2% |
P
S
|
912,118 | $11,128,000 | 2012 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
CLMB
Climb Global So...
|
Technology | 3.57% | 3.94% |
#12
4
Prev: #8
|
4.4 |
—
|
426,147 | 380.5% |
P
S
|
538,131 | $10,666,000 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
VPG
Vishay Precisio...
|
Technology | 3.48% | 4.10% |
#13
7
Prev: #6
|
1.4 |
—
|
-72,004 | -23.1% |
P
S
|
239,222 | $10,387,000 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
RM
Regional Manage...
|
Financial Services | 3.46% | 4.04% |
#14
7
Prev: #7
|
3.4 |
—
|
15,526 | 5.1% |
P
S
|
320,224 | $10,327,000 | 2013 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
CMT
Core Molding Te...
|
Basic Materials | 3.45% | 3.02% |
#15
3
Prev: #18
|
1.9 |
—
|
19,242 | 4.4% |
P
S
|
459,890 | $10,302,000 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
MYE
Myers Industrie...
|
Consumer Cyclical | 3.34% | 2.89% |
#16
4
Prev: #20
|
1.8 |
—
|
19,998 | 4.4% |
P
S
|
471,260 | $9,981,000 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
DHX
DHI Group
|
Technology | 3.18% | 1.61% |
#17
9
Prev: #26
|
3.3 |
—
|
332,116 | 10.9% |
P
S
|
3,374,765 | $9,483,000 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
RGP
Resources Conne...
|
Industrials | 3.06% | 3.89% |
#18
9
Prev: #9
|
3.2 |
—
|
194,123 | 8.6% |
P
S
|
2,452,930 | $9,149,000 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
NAGE
Niagen Bioscien...
|
Healthcare | 3.00% | 3.58% |
#19
8
Prev: #11
|
3.7 |
—
|
384,062 | 23.3% |
P
S
|
2,029,155 | $8,949,000 | 2017 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
MFIN
Medallion Finan...
|
Financial Services | 2.96% | 3.45% |
#20
6
Prev: #14
|
3.2 |
—
|
52,063 | 5.3% |
P
S
|
1,032,304 | $8,837,000 | 2019 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
HRMY
Harmony Bioscie...
|
Healthcare | 2.92% | 3.80% |
#21
11
Prev: #10
|
1.7 |
—
|
14,415 | 4.9% |
P
S
|
311,496 | $8,725,000 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
MGPI
MGP Ingredients
|
Consumer Defensive | 2.63% | 2.05% |
#22
1
Prev: #23
|
4.1 |
—
|
180,125 | 73.0% |
P
S
|
426,950 | $7,852,000 | 2015 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
BBSI
Barrett Busines...
|
Industrials | 2.58% | 3.12% |
#23
7
Prev: #16
|
1.5 |
—
|
12,268 | 4.9% |
P
S
|
263,765 | $7,697,000 | 2015 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
SM
SM Energy Compa...
|
Energy | 1.98% | — |
#24
Prev: #—
|
4.3 |
—
|
189,263 | — |
NEW
|
189,263 | $5,901,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
ZUMZ
Zumiez Inc
|
Consumer Cyclical | 1.93% | 2.27% |
#25
4
Prev: #21
|
1.3 |
—
|
5,950 | 2.3% |
P
S
|
260,463 | $5,772,000 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
MYFW
First Western F...
|
Financial Services | 1.57% | 1.68% |
#26
1
Prev: #25
|
1.1 |
—
|
6,483 | 3.5% |
P
S
|
190,094 | $4,673,000 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
BGSF
BGSF Inc
|
Industrials | 1.37% | 0.98% |
#27
3
Prev: #30
|
1.0 |
—
|
14,632 | 2.4% |
P
S
|
631,037 | $4,083,000 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
FLNT
Fluent Inc
|
Communication Services | 1.24% | 0.89% |
#28
3
Prev: #31
|
2.5 |
—
|
89,809 | 8.3% |
P
S
|
1,173,092 | $3,707,000 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
FORR
Forrester Resea...
|
Industrials | 1.06% | 1.50% |
#29
1
Prev: #28
|
0.9 |
—
|
20,481 | 3.8% |
P
S
|
559,041 | $3,164,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
DLTH
Duluth Holdings
|
Consumer Cyclical | 0.79% | 0.52% |
#30
3
Prev: #33
|
0.8 |
—
|
19,679 | 2.7% |
P
S
|
747,098 | $2,361,000 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
OESX
Orion Energy Sy...
|
Industrials | 0.78% | 1.35% |
#31
2
Prev: #29
|
0.8 |
—
|
10,282 | 4.0% |
P
S
|
266,476 | $2,329,000 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
KTCC
Key Tronic Corp
|
Technology | 0.69% | 0.70% |
#32
Prev: #32
|
0.8 |
—
|
30,426 | 4.2% |
P
S
|
758,695 | $2,071,000 | 2011 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
EML
Eastern Company
|
Industrials | 0.51% | — |
#33
Prev: #—
|
3.7 |
—
|
75,954 | — |
NEW
|
75,954 | $1,537,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
SLNG
Stabilis Soluti...
|
Energy | 0.34% | 0.32% |
#34
Prev: #34
|
2.1 |
—
|
19,800 | 9.7% |
P
S
|
224,513 | $1,001,000 | 2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
PRIM
Primoris Servic...
|
Industrials | 0.21% | 0.19% |
#35
Prev: #35
|
0.6 |
—
|
-35 | -0.8% |
P
S
|
4,365 | $624,000 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
SSTK
Shutterstock In...
|
Communication Services | 0.00% | 1.56% |
Sold All 😨
(Was: #27) |
0.0 |
—
|
-239,099 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
CIVI
Civitas Resourc...
|
Unknown | 0.00% | 1.80% |
Sold All 😨
(Was: #24) |
0.0 |
—
|
-194,475 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 |
Showing 1-37 of 37 holdings