Tieton Capital Management, LLC Long-Term Concentrated

CIK: 0001381954 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 10, 2026

Total Value ($000): $292 (100.0% shares, 0.0% debt)

Holdings (35)

New Positions (3)

NBBK NB Bancorp 3.6%

Value ($000) $10 Shares 524,935 Est. Cost $19.03 Unrealized 0.0%

MGPI MGP Ingredients 2.1%

Value ($000) $6 Shares 246,825 Est. Cost $24.37 Unrealized 0.0%

FORR Forrester Research 1.5%

Value ($000) $4 Shares 538,560 Est. Cost $7.85 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NBBK	NB Bancorp	524,935	$10	3.6%	$19.03	0.0%	COM	63945M107
MGPI	MGP Ingredients	246,825	$6	2.1%	$24.37	0.0%	COM	55303J106
FORR	Forrester Research	538,560	$4	1.5%	$7.85	0.0%	COM	346563109

Increased Positions (2)

— DHI Group 1.6%

Value ($000) $5 (-43.7%) Shares 3,042,649 (+1.0%) Est. Cost $0.00 Unrealized —

CLMB Climb Global Solutions 3.9%

Value ($000) $12 (+40.2%) Shares 111,984 (+83.9%) Est. Cost $78.13 Unrealized +48.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DHI Group	3,042,649 (+1.0%)	$5 (-43.7%)	1.6%	$0.00	—	COM	23331s100
CLMB	Climb Global Solutions	111,984 (+83.9%)	$12 (+40.2%)	3.9%	$78.13	+48.5%	COM	946760105

Exited Positions (1)

— Guess Inc 2.6%

Value ($000) $8 Shares 457,455 Est. Cost $11.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Guess Inc	457,455	$8	2.6%	$11.27	—	—	401617105

Decreased Positions (5)

— Primoris Services Corp 0.2%

Value ($000) $1 (-94.4%) Shares 4,400 (-93.8%) Est. Cost $0.06 Unrealized —

NPKI NPK International 3.3%

Value ($000) $10 (-16.7%) Shares 800,562 (-21.0%) Est. Cost $6.72 Unrealized +81.6%

KTCC Key Tronic Corp 0.7%

Value ($000) $2 (-23.2%) Shares 728,269 (-1.7%) Est. Cost $7.80 Unrealized -62.5%

SSTK Shutterstock Inc 1.6%

Value ($000) $5 (-10.5%) Shares 239,099 (-2.4%) Est. Cost $35.66 Unrealized -40.1%

— Resources Connection 3.9%

Value ($000) $11 (-1.5%) Shares 2,258,807 (-1.3%) Est. Cost $0.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Primoris Services Corp	4,400 (-93.8%)	$1 (-94.4%)	0.2%	$0.06	—	COM	74164f103
NPKI	NPK International	800,562 (-21.0%)	$10 (-16.7%)	3.3%	$6.72	+81.6%	COM	651718504
KTCC	Key Tronic Corp	728,269 (-1.7%)	$2 (-23.2%)	0.7%	$7.80	-62.5%	COM	493144109
SSTK	Shutterstock Inc	239,099 (-2.4%)	$5 (-10.5%)	1.6%	$35.66	-40.1%	COM	825690100
—	Resources Connection	2,258,807 (-1.3%)	$11 (-1.5%)	3.9%	$0.01	—	COM	76122q105

Unchanged Positions (25)

NAGE Niagen Bioscience 3.6%

Value ($000) $10 Shares 1,645,093 Est. Cost $2.63 Unrealized +164.7%

— Enova International 5.8%

Value ($000) $17 Shares 107,644 Est. Cost $0.08 Unrealized —

HRMY Harmony Biosciences 3.8%

Value ($000) $11 Shares 297,081 Est. Cost $32.63 Unrealized +0.8%

— Customers Bancorp 7.2%

Value ($000) $21 Shares 289,602 Est. Cost $0.05 Unrealized —

— Vishay Precision Group 4.1%

Value ($000) $12 Shares 311,226 Est. Cost $0.03 Unrealized —

BBSI Barrett Business Services 3.1%

Value ($000) $9 Shares 251,497 Est. Cost $29.60 Unrealized +29.1%

— Geospace Technologies 5.1%

Value ($000) $15 Shares 884,176 Est. Cost $0.01 Unrealized —

OESX Orion Energy Systems 1.3%

Value ($000) $4 Shares 256,194 Est. Cost $6.98 Unrealized +83.1%

ZUMZ Zumiez Inc 2.3%

Value ($000) $7 Shares 254,513 Est. Cost $23.07 Unrealized +4.1%

— BGSF Inc 1.0%

Value ($000) $3 Shares 616,405 Est. Cost $0.01 Unrealized —

ACIC American Coastal Insurance 5.3%

Value ($000) $15 Shares 1,218,890 Est. Cost $4.80 Unrealized +136.6%

— Duluth Holdings 0.5%

Value ($000) $2 Shares 727,419 Est. Cost $0.00 Unrealized —

— Aviat Networks 4.8%

Value ($000) $14 Shares 661,518 Est. Cost $0.02 Unrealized —

— Civitas Resources 1.8%

Value ($000) $5 Shares 194,475 Est. Cost $0.05 Unrealized —

MYE Myers Industries 2.9%

Value ($000) $8 Shares 451,262 Est. Cost $14.08 Unrealized +25.5%

— First Western Financial 1.7%

Value ($000) $5 Shares 183,611 Est. Cost $0.02 Unrealized —

— VAALCO Energy 2.2%

Value ($000) $7 Shares 1,798,643 Est. Cost $0.01 Unrealized —

— ADTRAN Holdings 2.9%

Value ($000) $9 Shares 988,379 Est. Cost $0.01 Unrealized —

LOCO El Pollo Loco Holdings 3.1%

Value ($000) $9 Shares 852,584 Est. Cost $10.90 Unrealized -5.2%

— Texas Capital Bancshrs 3.5%

Value ($000) $10 Shares 111,920 Est. Cost $0.07 Unrealized —

CMT Core Molding Technology 3.0%

Value ($000) $9 Shares 440,648 Est. Cost $17.08 Unrealized +12.1%

— Fluent Inc 0.9%

Value ($000) $3 Shares 1,083,283 Est. Cost $0.00 Unrealized —

MFIN Medallion Financial 3.5%

Value ($000) $10 Shares 980,241 Est. Cost $5.01 Unrealized +98.9%

— Regional Management 4.0%

Value ($000) $12 Shares 304,698 Est. Cost $0.03 Unrealized —

— Stabilis Solutions 0.3%

Value ($000) $1 Shares 204,713 Est. Cost $0.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NAGE	Niagen Bioscience	1,645,093	$10	3.6%	$2.63	+164.7%	COM	171077407
—	Enova International	107,644	$17	5.8%	$0.08	—	COM	29357k103
HRMY	Harmony Biosciences	297,081	$11	3.8%	$32.63	+0.8%	COM	413197104
—	Customers Bancorp	289,602	$21	7.2%	$0.05	—	COM	23204g100
—	Vishay Precision Group	311,226	$12	4.1%	$0.03	—	COM	92835k103
BBSI	Barrett Business Services	251,497	$9	3.1%	$29.60	+29.1%	COM	068463108
—	Geospace Technologies	884,176	$15	5.1%	$0.01	—	COM	37364x109
OESX	Orion Energy Systems	256,194	$4	1.3%	$6.98	+83.1%	COM	686275207
ZUMZ	Zumiez Inc	254,513	$7	2.3%	$23.07	+4.1%	COM	989817101
—	BGSF Inc	616,405	$3	1.0%	$0.01	—	COM	05601c105
ACIC	American Coastal Insurance	1,218,890	$15	5.3%	$4.80	+136.6%	COM	910710102
—	Duluth Holdings	727,419	$2	0.5%	$0.00	—	COM	26443v101
—	Aviat Networks	661,518	$14	4.8%	$0.02	—	COM	05366y201
—	Civitas Resources	194,475	$5	1.8%	$0.05	—	COM	17888h103
MYE	Myers Industries	451,262	$8	2.9%	$14.08	+25.5%	COM	628464109
—	First Western Financial	183,611	$5	1.7%	$0.02	—	COM	33751l105
—	VAALCO Energy	1,798,643	$7	2.2%	$0.01	—	COM	91851c201
—	ADTRAN Holdings	988,379	$9	2.9%	$0.01	—	COM	00486h105
LOCO	El Pollo Loco Holdings	852,584	$9	3.1%	$10.90	-5.2%	COM	268603107
—	Texas Capital Bancshrs	111,920	$10	3.5%	$0.07	—	COM	88224q107
CMT	Core Molding Technology	440,648	$9	3.0%	$17.08	+12.1%	COM	218683100
—	Fluent Inc	1,083,283	$3	0.9%	$0.00	—	COM	34380c201
MFIN	Medallion Financial	980,241	$10	3.5%	$5.01	+98.9%	COM	583928106
—	Regional Management	304,698	$12	4.0%	$0.03	—	COM	75902k106
—	Stabilis Solutions	204,713	$1	0.3%	$0.00	—	COM	85236p101