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Livermore
Livermore
ZHEN

Tieton Capital Management, LLC

SEC CIK
0001381954
Latest filing
Aug 10, 2026

The latest 13F from Tieton Capital Management, LLC covers Q2 2026 (filed Aug 10, 2026): 37 long positions worth $347.8M. The top 10 holdings make up 47.1% of the portfolio, and the largest is Enova International, Inc. (ENVA) at 7.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
3
Est. +$18.6M
Added
12
Est. +$19.9M
Reduced
22
Est. −$46.9M
Sold out
1
Est. −$5.90M

Top 5 holdings

Share of this quarter's portfolio value

  1. ENVAEnova International, Inc.
    7.6%$26.6MHistory
  2. CUBICustomers Bancorp, Inc.
    5.8%$20.3MHistory
  3. LOCOEl Pollo Loco Holdings, Inc.
    5.0%$17.5MHistory
  4. MYEMyers Industries Inc
    4.7%$16.3MHistory
  5. CLMBClimb Global Solutions, Inc.
    4.6%$15.9MHistory

Share of portfolio

Top 5 holdings and the other 32 positions, by share of portfolio value

  1. ENVA7.6%
  2. CUBI5.8%
  3. LOCO5.0%
  4. MYE4.7%
  5. CLMB4.6%
  6. Other 32 positions72.2%

Biggest buys

New and added positions, by estimated amount bought

  1. IBEXIBEX Ltd
    +$8.35MNewHistory
  2. GCTGigaCloud Technology Inc
    +$6.26MNewHistory
  3. RCKYRocky Brands, Inc.
    +$4.00MNewHistory
  4. EMLEastern Co
    +$3.93MAddedHistory
  5. MGPIMGP Ingredients Inc
    +$3.77MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. IBEXIBEX Ltd
    +2.40 pp0.0% → 2.4%History
  2. GCTGigaCloud Technology Inc
    +1.80 pp0.0% → 1.8%History
  3. EMLEastern Co
    +1.22 pp0.5% → 1.7%History
  4. RCKYRocky Brands, Inc.
    +1.15 pp0.0% → 1.2%History
  5. CLMBClimb Global Solutions, Inc.
    +1.01 pp3.6% → 4.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VPGVishay Precision Group, Inc.
    −$35.5MReducedHistory
  2. ADTNADTRAN Holdings, Inc.
    −$6.46MReducedHistory
  3. SMSM Energy Co
    −$5.90MSold outHistory
  4. DHXDhi Group, Inc.
    −$776.6KReducedHistory
  5. ENVAEnova International, Inc.
    −$630.7KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. VPGVishay Precision Group, Inc.
    −3.38 pp3.5% → 0.1%History
  2. ADTNADTRAN Holdings, Inc.
    −2.08 pp4.4% → 2.3%History
  3. SMSM Energy Co
    −1.98 pp2.0% → 0.0%History
  4. GEOSGeospace Technologies Corp
    −1.96 pp3.7% → 1.8%History
  5. EGYVaalco Energy Inc
    −1.32 pp4.0% → 2.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$347.8M
+$49.2M (+16.5%) vs. prior quarter
Positions
37
+2 vs. prior quarter
Top 10 concentration
47.1%
Top 10 as share of value
Turnover
11.9%
Q2 2026, one quarter
Average holding period
14.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $347.8M (Q2 2026)

Q1 2021: $173.5MQ2 2021: $187.8MQ3 2021: $183.8MQ4 2021: $178.6MQ1 2022: $181.0MQ2 2022: $144.4MQ3 2022: $142.1MQ4 2022: $151.4MQ1 2023: $140.4MQ2 2023: $155.8MQ3 2023: $158.7MQ4 2023: $177.5MQ1 2024: $190.8MQ2 2024: $180.0MQ3 2024: $193.1MQ4 2024: $248.7MQ1 2025: $218.7MQ2 2025: $255.9MQ3 2025: $288.1MQ4 2025: $292.4MQ1 2026: $298.6MQ2 2026: $347.8M
Q1 2021Q2 2026
13F filings of Tieton Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 202637$347.8MENVACUBILOCOvs. Q1 2026SEC
Q1 2026May 8, 202635$298.6MCUBIAVNWENVAvs. Q4 2025SEC
Q4 2025Feb 10, 202635$292.4MCUBIENVAACICvs. Q3 2025SEC
Q3 2025Nov 12, 202533$288.1MCUBIGEOSNAGEvs. Q2 2025SEC
Q2 2025Aug 12, 202534$255.9MNAGECUBIAVNWvs. Q1 2025SEC
Q1 2025May 12, 202534$218.7MCUBIACICNAGEvs. Q4 2024SEC
Q4 2024Feb 11, 202540$248.7MACICCUBINAGEvs. Q3 2024SEC
Q3 2024Nov 12, 202440$193.1MACICENVACUBIvs. Q2 2024SEC
Q2 2024Aug 9, 202439$180.0MCUBICIVIACICvs. Q1 2024SEC
Q1 2024May 10, 202438$190.8MCUBICIVIACICvs. Q4 2023SEC
Q4 2023Feb 9, 202437$177.5MCUBIACICCIVIvs. Q3 2023SEC
Q3 2023Nov 1, 202333$158.7MCIVIACICGEOSvs. Q2 2023SEC
Q2 2023Aug 15, 202331$155.8MCIVIENVAACICvs. Q1 2023SEC
Q1 2023May 10, 202331$140.4MCIVIENVACECOvs. Q4 2022SEC
Q4 2022Feb 10, 202332$151.4MCIVICECOENVAvs. Q3 2022SEC
Q3 2022Nov 14, 202232$142.1MCIVICECODHXvs. Q2 2022SEC
Q2 2022Aug 10, 202232$144.4MEGYCIVIDHXvs. Q1 2022SEC
Q1 2022May 10, 202232$181.0MEGYCIVIDHXvs. Q4 2021SEC
Q4 2021Feb 10, 202233$178.6MCUBIDHXEGYvs. Q3 2021SEC
Q3 2021Nov 10, 202132$183.8MCUBIASIXEGYvs. Q2 2021SEC
Q2 2021Aug 10, 202133$187.8MCUBIEGYCIVIvs. Q1 2021SEC
Q1 2021May 10, 202135$173.5MCUBIENVAGRBK–SEC

13D and 13G filings

Companies where Tieton Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

8 companies, largest stake first.

Companies where Tieton Capital Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
RGPResources Connection, Inc.13G8.20%2.82M shares+1.30 ppfrom 6.90%Nov 12, 20252 filingsAug 12, 2026SEC
DHXDhi Group, Inc.13G/A7.50%3.37M shares+1.30 ppfrom 6.20%Nov 12, 20243 filingsMay 13, 2026SEC
KTCCKey Tronic Corp13G/A7.00%749.1K shares–Jan 13, 20215 filingsFeb 11, 2025SEC
GEOSGeospace Technologies Corp13G/A6.90%885.7K shares–Jan 25, 20233 filingsFeb 11, 2025SEC
OESXOrion Energy Systems, Inc.13G/A6.60%266.7K shares−1.50 ppfrom 8.10%Jan 25, 20234 filingsMay 13, 2026SEC
BGSFBGSF, Inc.13G5.70%623.3K sharesNewFeb 11, 20251 filingFeb 11, 2025SEC
AVNWAviat Networks, Inc.13G5.10%650.3K sharesNewFeb 11, 20251 filingFeb 11, 2025SEC
CMTCore Molding Technologies Inc13G5.00%440.9K sharesNewNov 12, 20251 filingNov 12, 2025SEC

Latest filings

33 filings on file made by Tieton Capital Management, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Tieton Capital Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
RGPResources Connection, Inc.Aug 12, 20263:05 PM ET13G8.20%2.82M shares+1.30 ppfrom 6.90%Jun 30, 2025SEC
OESXOrion Energy Systems, Inc.May 13, 20262:01 PM ET13G/A6.60%266.7K shares−1.50 ppfrom 8.10%Mar 31, 2026SEC
DHXDhi Group, Inc.May 13, 20261:53 PM ET13G/A7.50%3.37M shares+1.30 ppfrom 6.20%Mar 31, 2026SEC
RGPResources Connection, Inc.Nov 12, 20252:59 PM ET13G6.90%2.29M sharesNewSep 30, 2025SEC
CMTCore Molding Technologies IncNov 12, 20252:50 PM ET13G5.00%440.9K sharesNewSep 30, 2025SEC
FLNTFluent, Inc.Nov 12, 20252:31 PM ET13G/A4.50%1.08M shares–Below 5%Sep 30, 2025SEC
MPAAMotorcar Parts of America IncMay 14, 20252:09 PM ET13G/A3.40%670.7K shares−2.60 ppfrom 6.00%Below 5%Mar 31, 2025SEC
OESXOrion Energy Systems, Inc.Feb 11, 20255:00 PM ET13G/A8.10%2.66M shares–Dec 31, 2024SEC
MPAAMotorcar Parts of America IncFeb 11, 20254:52 PM ET13G/A6.00%1.19M shares–Dec 31, 2024SEC
KTCCKey Tronic CorpFeb 11, 20254:45 PM ET13G/A7.00%749.1K shares–Dec 31, 2024SEC
GEOSGeospace Technologies CorpFeb 11, 202511:44 AM ET13G/A6.90%885.7K shares–Dec 31, 2024SEC
DHXDhi Group, Inc.Feb 11, 202511:39 AM ET13G/A6.20%3.01M shares+1.20 ppfrom 5.00%Dec 31, 2024SEC
BGSFBGSF, Inc.Feb 11, 202511:22 AM ET13G5.70%623.3K sharesNewDec 31, 2024SEC
AVNWAviat Networks, Inc.Feb 11, 202511:14 AM ET13G5.10%650.3K sharesNewDec 31, 2024SEC
DHXDhi Group, Inc.Nov 12, 20241:37 PM ET13G5.00%2.42M sharesNewSep 30, 2024SEC
TESSTessco Technologies IncFeb 1, 202413G/AOld format–––SEC
MPAAMotorcar Parts of America IncFeb 1, 202413GOld format–New–SEC
FLNTFluent, Inc.Feb 1, 202413G/AOld format–––SEC
GEOSGeospace Technologies CorpFeb 1, 202413G/AOld format–––SEC
KTCCKey Tronic CorpFeb 1, 202413G/AOld format–––SEC