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Acuitas Investments, LLC

520 PIKE STREET SUITE 1221, SEATTLE, WA 98101 • 206-299-2070

Q1 2025 · Filed 2025-04-28
Market Value
$108M
-5.3%
Holdings
72
-47
New Purchases
14
Added To
24
Closed
13
Reduced
4
Top 10 Concentration
38.3%
Turnover
37.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APLD 2.45% 0.00% +2.45% $3M
GFL 1.90% 0.00% +1.90% $2M
MG 4.16% 2.33% +1.84% $4M
TGB 2.45% 1.14% +1.32% $3M
CTKB 1.23% 0.00% +1.23% $1M
EQX 2.85% 1.65% +1.20% $3M
ARAY 2.36% 1.23% +1.13% $3M
INVX 4.00% 2.95% +1.05% $4M
TLS 1.01% 0.00% +1.01% $1M
ARHS 3.90% 2.94% +0.96% $4M
PGNY 3.58% 2.62% +0.96% $4M
HMST 4.17% 3.37% +0.80% $4M
KRNT 0.64% 0.00% +0.64% $695K
ANGO 3.85% 3.24% +0.61% $4M
CCJ 0.60% 0.00% +0.60% $642K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TRUE 0.08% 3.27% -3.19% $87K
BCOV 0.00% 2.69% -2.69% $0
AAOI 0.00% 2.45% -2.45% $0
ETON 0.00% 2.17% -2.17% $0
XOMA 0.10% 1.40% -1.30% $113K
AIP 0.00% 0.96% -0.96% $0
YTRA 1.75% 2.68% -0.93% $2M
SEI 3.46% 4.33% -0.87% $4M
RRGB 1.85% 2.70% -0.85% $2M
URG 1.27% 2.06% -0.78% $1M
INBK 2.60% 3.31% -0.71% $3M
TRAK 0.00% 0.63% -0.63% $0
NGS 4.08% 4.71% -0.63% $4M
VLRS 0.38% 0.95% -0.57% $414K
ALAR 0.00% 0.52% -0.52% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 39.5%
Communication Services 19.4%
Industrials 11.9%
Basic Materials 11.8%
Financial Services 10.9%

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 8 $7M 6.1%
Mid Cap 15 $18M 16.7%
Small Cap 31 $56M 52.2%
Micro Cap 18 $27M 25.0%

Portfolio Analytics

Avg Market Cap
$4.0B
Median Market Cap
$807M
Avg P/E
49.3
Median P/E
24.9
Avg Dividend Yield
0.01%
Avg Beta
1.24
# Stocks
72
# ETFs / Funds
0

Top Holdings (72 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HMST 4.17% 383,299 $4M $11.74 $659K +46,991 +14.0%
2 MG 4.16% 424,062 $4M $10.58 $2M +131,798 +45.1%
3 NGS 4.08% 200,200 $4M $21.97 -$967K
4 INVX 4.00% 240,309 $4M $17.96 $959K
5 ARHS 3.90% 483,670 $4M $8.70 $863K +127,799 +35.9%
6 ANGO 3.85% 442,230 $4M $9.39 $458K +38,950 +9.7%
7 OPRT 3.64% 714,392 $4M $5.49 -$541K -435,812 -37.9%
8 PGNY 3.58% 172,732 $4M $22.34 $879K
9 SEI 3.46% 171,317 $4M $21.76 -$1M
10 GLDD 3.41% 423,234 $4M $8.70 -$389K +62,653 +17.4%
11 AOSL 3.37% 146,373 $4M $24.86 -$653K +30,473 +26.3%
12 HLX 3.21% 416,006 $3M $8.31 $257K +72,604 +21.1%
13 HCKT 3.01% 111,100 $3M $29.22 -$167K
14 TRC 3.01% 204,679 $3M $15.85 -$10K
15 EQX 2.85% 446,574 $3M $6.88 $1M +73,402 +19.7%
16 LGND 2.68% 27,512 $3M $105.14 -$55K
17 INBK 2.60% 104,832 $3M $26.78 -$966K
18 TGB 2.45% 1,180,424 $3M $2.24 $1M +513,938 +77.1%
19 APLD 2.45% 469,500 $3M $5.62 +469,500 NEW
20 SBH 2.40% 286,575 $3M $9.03 -$407K
21 RDCM 2.36% 222,725 $3M $11.43 $278K +39,227 +21.4%
22 ARAY 2.36% 1,420,207 $3M $1.79 $1M +711,654 +100.4%
23 ORN 2.14% 441,381 $2M $5.23 -$326K +81,923 +22.8%
24 RNGR 1.95% 148,220 $2M $14.19 -$191K
25 GFL 1.90% 42,300 $2M $48.31 +42,300 NEW
26 RRGB 1.85% 560,006 $2M $3.56 -$1M
27 YTRA 1.75% 2,419,343 $2M $0.78 -$1M
28 CRAI 1.70% 10,600 $2M $173.20 -$148K
29 HZO 1.67% 83,800 $2M $21.50 -$624K
30 UROY 1.65% 1,012,976 $2M $1.76 -$436K
31 SILC 1.57% 113,720 $2M $14.88 -$10K +9,341 +8.9%
32 URG 1.27% 2,035,096 $1M $0.67 -$969K
33 CTKB 1.23% 331,219 $1M $4.01 +331,219 NEW
34 CTLP 1.16% 158,945 $1M $7.87 -$261K
35 TLS 1.01% 456,057 $1M $2.38 +456,057 NEW
36 METCB 0.99% 149,900 $1M $7.11 -$392K +2,362 +1.6%
37 TTGT 0.82% 59,340 $879K $14.81 $159K +23,008 +63.3%
38 KRNT 0.64% 36,400 $695K $19.08 +36,400 NEW
39 THRY 0.62% 52,251 $669K $12.81 $81K +12,510 +31.5%
40 CCJ 0.60% 15,600 $642K $41.16 +15,600 NEW
41 VTMX 0.58% 27,200 $620K $22.81 +27,200 NEW
42 KSPI 0.57% 6,600 $613K $92.85 +6,600 NEW
43 AVNW 0.56% 31,677 $607K $19.17 $352K +17,604 +125.1%
44 CLS 0.48% 6,500 $512K $78.81 +6,500 NEW
45 DNN 0.41% 336,000 $437K $1.30 +336,000 NEW
46 FORR 0.40% 46,120 $426K $9.24 +46,120 NEW
47 VLRS 0.38% 79,400 $414K $5.22 -$667K -66,000 -45.4%
48 MGTX 0.26% 42,115 $286K $6.78 +42,115 NEW
49 CAPR 0.19% 21,530 $204K $9.49 +21,530 NEW
50 BTG 0.12% 43,712 $124K $2.84 $17K +10 +0.0%
51 XOMA 0.10% 5,674 $113K $19.93 -$1M -55,030 -90.7%
52 FTI 0.10% 3,394 $108K $31.69 $21K +400 +13.4%
53 TRUE 0.08% 55,000 $87K $1.58 -$4M -944,668 -94.5%
54 SEE 0.07% 2,550 $74K $28.90 -$4K +250 +10.9%
55 BWA 0.05% 1,800 $52K $28.65 $4K +300 +20.0%
56 LW 0.05% 950 $51K $53.30 $32K +670 +239.3%
57 ERO 0.04% 3,210 $39K $12.11 +3,210 NEW
58 AXTA 0.03% 1,000 $33K $33.17 $9K +300 +42.9%
59 TAP 0.02% 400 $24K $60.87 $7K +100 +33.3%
60 TRAK —% -$721K -32,600 -100.0% SOLD
61 AAOI —% -$3M -75,666 -100.0% SOLD
62 APPS —% -$140K -82,938 -100.0% SOLD
63 QUIK —% -$110K -9,700 -100.0% SOLD
64 AAP —% -$19K -400 -100.0% SOLD
65 AGCO —% -$19K -200 -100.0% SOLD
66 AIP —% -$1M -107,250 -100.0% SOLD
67 CUTR —% -$24K -67,870 -100.0% SOLD
68 RELL —% -$40K -2,855 -100.0% SOLD
69 ALAR —% -$595K -56,113 -100.0% SOLD
70 CLMB —% -$330K -2,600 -100.0% SOLD
71 ETON —% -$2M -185,824 -100.0% SOLD
72 BCOV —% -$3M -704,938 -100.0% SOLD

New Positions

SymbolValue% Port
APLD $3M 2.45%
GFL $2M 1.90%
CTKB $1M 1.23%
TLS $1M 1.01%
KRNT $695K 0.64%
CCJ $642K 0.60%
VTMX $620K 0.58%
KSPI $613K 0.57%
CLS $512K 0.48%
DNN $437K 0.41%
FORR $426K 0.40%
MGTX $286K 0.26%
CAPR $204K 0.19%
ERO $39K 0.04%

Sold Out Positions

SymbolValue% Port
AAP —%
AGCO —%
TRAK —%
CLMB —%
ETON —%
APPS —%
AAOI —%
AIP —%
QUIK —%
ALAR —%
RELL —%
CUTR —%
BCOV —%
View SEC EDGAR Filings for Acuitas Investments, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms