Tieton Capital Management LLC's Q1 2026 13F is in
Form 13F-HR for the quarter ended Mar 31, 2026 · filed May 8, 2026 · 35 reported positions · accession 0001381954-26-000002
This filing covers a somewhat different set of reporting entities than the fund's prior filing, so a few of the changes below may reflect that rather than trading.
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | SM Energy Company (SM) | — | 2.0% | +2.0 pts | +189K sh | new |
| Exited | Civitas Resources (CIVI) | 1.8% | — | −1.8 pts | −194K sh | −100% |
| Exited | Shutterstock Inc (SSTK) | 1.6% | — | −1.6 pts | −239K sh | −100% |
| Increased | MGP Ingredients (MGPI) | 2.1% | 2.6% | +0.6 pts | +180K sh | +73% |
| Reduced | Vishay Precision Group (VPG) | 4.1% | 3.5% | −0.6 pts | −72,004 sh | −23% |
| Increased | El Pollo Loco Holdings (LOCO) | 3.1% | 4.9% | +1.9 pts | +205K sh | +24% |
| Reduced | Customers Bancorp (CUBI) | 7.2% | 6.1% | −1.2 pts | −27,859 sh | −10% |
| Increased | Climb Global Solutions (CLMB) | 3.9% | 3.6% | −0.4 pts | +90,195 sh | +20% |
| Increased | Niagen Bioscience (NAGE) | 3.6% | 3.0% | −0.6 pts | +384K sh | +23% |
| New | Eastern Company (EML) | — | 0.5% | +0.5 pts | +75,954 sh | new |
| Increased | DHI Group (DHX) | 1.6% | 3.2% | +1.6 pts | +332K sh | +11% |
| Increased | Enova International (ENVA) | 5.8% | 5.1% | −0.6 pts | +5,376 sh | +5% |
| Increased | Resources Connection (RGP) | 3.9% | 3.1% | −0.8 pts | +194K sh | +9% |
| Increased | American Coastal Insurance (ACIC) | 5.3% | 4.8% | −0.5 pts | +54,565 sh | +4% |
| Increased | NB Bancorp (NBBK) | 3.6% | 3.9% | +0.3 pts | +28,635 sh | +5% |
| Increased | ADTRAN Holdings (ADTN) | 2.9% | 4.4% | +1.4 pts | +46,788 sh | +5% |
| Increased | Texas Capital Bancshrs (TCBI) | 3.5% | 3.7% | +0.3 pts | +5,630 sh | +5% |
| Increased | VAALCO Energy (EGY) | 2.2% | 4.0% | +1.8 pts | +84,097 sh | +5% |
| Increased | Aviat Networks (AVNW) | 4.8% | 5.2% | +0.3 pts | +22,808 sh | +3% |
| Increased | NPK International (NPKI) | 3.3% | 4.1% | +0.8 pts | +35,358 sh | +4% |
| Increased | Regional Management (RM) | 4.0% | 3.5% | −0.6 pts | +15,526 sh | +5% |
| Increased | Medallion Financial (MFIN) | 3.5% | 3.0% | −0.5 pts | +52,063 sh | +5% |
| Increased | Core Molding Tech (CMT) | 3.0% | 3.5% | +0.4 pts | +19,242 sh | +4% |
| Increased | Myers Industries (MYE) | 2.9% | 3.3% | +0.5 pts | +19,998 sh | +4% |
| Increased | Harmony Biosciences (HRMY) | 3.8% | 2.9% | −0.9 pts | +14,415 sh | +5% |
| Increased | Barrett Business Services (BBSI) | 3.1% | 2.6% | −0.5 pts | +12,268 sh | +5% |
| Increased | Geospace Technologies (GEOS) | 5.1% | 3.7% | −1.4 pts | +27,942 sh | +3% |
| Increased | Fluent Inc (FLNT) | 0.9% | 1.2% | +0.4 pts | +89,809 sh | +8% |
| Increased | First Western Financial (MYFW) | 1.7% | 1.6% | −0.1 pts | +6,483 sh | +4% |
| Increased | Zumiez Inc (ZUMZ) | 2.3% | 1.9% | −0.3 pts | +5,950 sh | +2% |
| Increased | Forrester Research (FORR) | 1.5% | 1.1% | −0.4 pts | +20,481 sh | +4% |
| Increased | BGSF Inc (BGSF) | 1.0% | 1.4% | +0.4 pts | +14,632 sh | +2% |
| Increased | Orion Energy Systems (OESX) | 1.3% | 0.8% | −0.6 pts | +10,282 sh | +4% |
| Increased | Stabilis Solutions (SLNG) | 0.3% | 0.3% | 0.0 pts | +19,800 sh | +10% |
| Increased | Key Tronic Corp (KTCC) | 0.7% | 0.7% | 0.0 pts | +30,426 sh | +4% |
| Increased | Duluth Holdings (DLTH) | 0.5% | 0.8% | +0.3 pts | +19,679 sh | +3% |
| Reduced | Primoris Services Corp (PRIM) | 0.2% | 0.2% | 0.0 pts | −35 sh | −1% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 46.2% of the equity book
Changes in the top 10 this quarter: LOCO entered · ADTN entered · NPKI entered · EGY entered · NBBK entered · TCBI entered · GEOS left · VPG left · RM left · CLMB left · RGP left · HRMY left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Customers Bancorp (CUBI) | 7.2% | 6.1% | |
| 2 | Aviat Networks (AVNW) | 4.8% | 5.2% | |
| 3 | Enova International (ENVA) | 5.8% | 5.1% | |
| 4 | El Pollo Loco Holdings (LOCO) | 3.1% | 4.9% | Entered the top 10 |
| 5 | American Coastal Insurance (ACIC) | 5.3% | 4.8% | |
| 6 | ADTRAN Holdings (ADTN) | 2.9% | 4.4% | Entered the top 10 |
| 7 | NPK International (NPKI) | 3.3% | 4.1% | Entered the top 10 |
| 8 | VAALCO Energy (EGY) | 2.2% | 4.0% | Entered the top 10 |
| 9 | NB Bancorp (NBBK) | 3.6% | 3.9% | Entered the top 10 |
| 10 | Texas Capital Bancshrs (TCBI) | 3.5% | 3.7% | Entered the top 10 |
| — | Geospace Technologies (GEOS) | 5.1% | 3.7% | Left the top 10 |
| — | Vishay Precision Group (VPG) | 4.1% | 3.5% | Left the top 10 |
| — | Regional Management (RM) | 4.0% | 3.5% | Left the top 10 |
| — | Climb Global Solutions (CLMB) | 3.9% | 3.6% | Left the top 10 |
| — | Resources Connection (RGP) | 3.9% | 3.1% | Left the top 10 |
| — | Harmony Biosciences (HRMY) | 3.8% | 2.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).