Tieton Capital Management is an investment fund managing more than $180 million ran by William Dezellem. There are currently 39 companies in Mr. Dezellem’s portfolio. The largest investments include Customers Bancorp Inc and Civitas Resources, together worth $22.3 million.
As of 2nd August 2024, Tieton Capital Management’s top holding is 236,953 shares of Customers Bancorp Inc currently worth over $11.4 million and making up 6.3% of the portfolio value.
Relative to the number of outstanding shares of Customers Bancorp Inc, Tieton Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 158,727 shares of Civitas Resources worth $11 million.
The third-largest holding is American Coastal Insurance Corp worth $10.6 million and the next is Enova International worth $10.1 million, with 162,023 shares owned.
Currently, Tieton Capital Management's portfolio is worth at least $180 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Tieton Capital Management office and employees reside in Yakima, Washington. According to the last 13-F report filed with the SEC, William Dezellem serves as the President at Tieton Capital Management.
In the most recent 13F filing, Tieton Capital Management revealed that it had opened a new position in
Shutterstock Inc and bought 137,455 shares worth $5.32 million.
This means they effectively own approximately 0.1% of the company.
Shutterstock Inc makes up
34.6%
of the fund's Technology sector allocation and has decreased its share price by 14.0% in the past year.
The investment fund also strengthened its position in Barrett Business Services by buying
152,544 additional shares.
This makes their stake in Barrett Business Services total 204,791 shares worth $6.71 million.
Barrett Business Services dropped 63.0% in the past year.
On the other hand, there are companies that Tieton Capital Management is getting rid of from its portfolio.
Tieton Capital Management closed its position in NMI Inc on 9th August 2024.
It sold the previously owned 94,619 shares for $3.06 million.
William Dezellem also disclosed a decreased stake in Customers Bancorp Inc by approximately 0.1%.
This leaves the value of the investment at $11.4 million and 236,953 shares.
The two most similar investment funds to Tieton Capital Management are Elm Advisors and Shen Neil Nanpeng. They manage $180 million and $180 million respectively.
Tieton Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 22.7% of
the total portfolio value.
The fund focuses on investments in the United States as
71.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
15% of the total holdings value.
On the other hand, large-cap stocks make up only 5.1% of the portfolio.
The average market cap of the portfolio companies is close to $2.85 billion.
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Customers Bancorp Inc |
1.33%
236,953
|
$11,369,000 | 6.31% |
| Civitas Resources |
1.61%
158,727
|
$10,952,000 | 6.08% |
| American Coastal Insurance Corp |
1.41%
1,000,921
|
$10,560,000 | 5.87% |
| Enova International Inc. |
1.73%
162,023
|
$10,086,000 | 5.60% |
| VAALCO Energy, Inc. |
1.63%
1,471,404
|
$9,226,000 | 5.12% |
| Chromadex Corp |
1.78%
2,968,060
|
$8,103,000 | 4.50% |
| Climb Global Solutions |
0.90%
123,135
|
$7,734,000 | 4.30% |
| Newpark Resources, Inc. |
1.25%
826,545
|
$6,869,000 | 3.82% |
| Barrett Business Services Inc. |
291.97%
204,791
|
$6,711,000 | 3.73% |
| Primoris Services Corp |
32.13%
130,445
|
$6,508,000 | 3.61% |
| Geospace Technologies Corp |
1.86%
723,307
|
$6,495,000 | 3.61% |
| Medallion Financial Corp. |
1.01%
805,281
|
$6,185,000 | 3.44% |
| Motorcar Parts of America Inc. |
0.05%
979,046
|
$6,041,000 | 3.36% |
| Regional Management Corp |
94.13%
207,390
|
$5,960,000 | 3.31% |
| Texas Capital Bancshrs |
1.64%
91,740
|
$5,609,000 | 3.12% |
| Veritex Holdings Inc |
2.46%
264,638
|
$5,581,000 | 3.10% |
| Shutterstock Inc |
Opened
137,455
|
$5,320,000 | 2.95% |
| DHI Group Inc |
25.11%
2,441,485
|
$5,103,000 | 2.83% |
| ADTRAN Holdings Inc |
0.16%
967,884
|
$5,091,000 | 2.83% |
| Guess Inc. |
1.60%
237,846
|
$4,852,000 | 2.70% |
| Resources Connection Inc |
Opened
403,250
|
$4,452,000 | 2.47% |
| BGSF Inc |
15.91%
500,095
|
$4,276,000 | 2.38% |
| Zumiez Inc |
1.57%
209,640
|
$4,084,000 | 2.27% |
| Fluent Inc |
Opened
848,698
|
$3,064,000 | 1.70% |
| NMI Holdings Inc |
Closed
94,619
|
$3,060,000 | |
| Core Molding Technology |
151.87%
177,521
|
$2,830,000 | 1.57% |
| First Western Financial Inc |
0.17%
151,405
|
$2,574,000 | 1.43% |
| Key Tronic Corp. |
0.96%
619,023
|
$2,507,000 | 1.39% |
| Myers Industries Inc. |
1.29%
186,925
|
$2,501,000 | 1.39% |
| Orion Energy Systems Inc |
2.52%
2,186,931
|
$2,427,000 | 1.35% |
| Duluth Holdings Inc |
2.26%
592,720
|
$2,187,000 | 1.21% |
| Fluent Inc |
Closed
4,387,995
|
$2,162,000 | |
| Vishay Precision Group Inc |
1.87%
46,271
|
$1,408,000 | 0.78% |
| Bm Technologies |
0.14%
488,890
|
$1,100,000 | 0.61% |
| Stabilis Solutions |
2.30%
167,925
|
$647,000 | 0.36% |
| Nature's Sunshine Products |
5.76%
39,702
|
$598,000 | 0.33% |
| Amazon.com Inc. |
No change
2,000
|
$386,000 | 0.21% |
| Ceco Environmental Corp. |
95.36%
10,333
|
$298,000 | 0.17% |
| Hon Hai Precision Co |
No change
29,200
|
$192,000 | 0.11% |
| Rolls Royce Hldgs Plc |
No change
19,765
|
$113,000 | 0.06% |
| Nokia Corp |
No change
10,000
|
$38,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 41 holdings | |||