Tieton Capital Management, LLC

Long Only Manager

Tieton Capital Management, LLC is a Long Only Manager based in Yakima, WA led by William Joseph Dezellem, managing $288.1M across 33 long positions as of Q3 2025 with CUBI as the largest holding (7% allocation).

PresidentWilliam Joseph Dezellem

Portfolio Value: $288.1M
Positions: 33
Top Holding: CUBI at 6.59%
Last Reported: Q3 2025

Address4700 Tieton Drive, Suite C, Yakima, WA, 98908-3480, United States

Top Holdings

Largest long holdings in Tieton Capital Management, LLC's portfolio (48.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Customers Bancorp CUBI	Banks - Regional Financial Services	$19.0M	6.59%	+$590.2K Bought	0.85% 290.2K shares	Q2 2014 Held for 11y 5m
2 Geospace Technologies Corporation GEOS	Oil & Gas Equipment & Services Energy	$16.8M	5.85%	+$552.9K Bought	6.93% 888.3K shares	≤ Q2 2013 Held for 12y 5m+
3 Niagen Bioscience, Inc. Common Stock NAGE	Unknown Unknown	$15.4M	5.33%	+$612.1K Bought	2.07% 1.6M shares	Q1 2025 Held for 8 months
4 Aviat Networks AVNW	Communication Equipment Technology	$15.2M	5.28%	+$602.3K Bought	5.18% 663.0K shares	Q3 2024 Held for 1y 2m
5 American Coastal Insurance Corporation ACIC	Insurance - Property & Casualty Financial Services	$14.0M	4.84%	+$375.7K Bought	2.51% 1.2M shares	Q4 2022 Held for 2y 11m
6 Enova International ENVA	Financial - Credit Services Financial Services	$12.5M	4.32%	+$302.6K Bought	0.43% 108.2K shares	Q2 2017 Held for 8y 5m
7 Regional Management Corporation RM	Financial - Credit Services Financial Services	$11.9M	4.13%	+$411.9K Bought	3.12% 305.7K shares	≤ Q2 2013 Held for 12y 5m+
8 Resources Connection, Inc. RGP	Consulting Services Industrials	$11.6M	4.01%	+$6.9M Bought	6.86% 2.3M shares	Q2 2024 Held for 1y 5m
9 NPK International NPKI	Unknown Unknown	$11.5M	3.98%	+$384.4K Bought	1.20% 1.0M shares	Q4 2024 Held for 11 months
10 Barrett Business Services BBSI	Staffing & Employment Services Industrials	$11.1M	3.87%	+$354.1K Bought	0.98% 251.5K shares	Q1 2015 Held for 10y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Tieton Capital Management, LLC's latest filing

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Market Value

$288.1M

Prior: $255.9M

Q/Q Change

+12.59%

+$32.2M

Net Flows % of MV

+3.65%

Turnover Ratio

4.71%

New Purchases

0 stocks

Added To

32 stocks

+$18.8M

Sold Out Of

1 stocks

$8.2M

Reduced Holdings

1 stocks

-$95.3K

Increased Positions

Position	Shares Δ	Change
1 Resources Connection, Inc. RGP	+146.34%	929.5K → 2.3M +$6.9M
2 El Pollo Loco LOCO	+35.43%	630.0K → 853.2K +$2.2M
3 Harmony Biosciences Holdings, Inc. HRMY	+25.6%	237.7K → 298.6K +$1.7M
4 Duluth Holdings Inc. DLTH	+5.33%	694.6K → 731.6K +$144.7K
5 Shutterstock SSTK	+4.83%	233.6K → 244.9K +$235.2K