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Acuitas Investments, LLC

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

Q2 2025 · Filed 2025-07-31
Market Value
$117M
+8.3%
Holdings
72
New Purchases
13
Added To
10
Closed
22
Reduced
7
Top 10 Concentration
40.5%
Turnover
48.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
OR 2.30% 0.00% +2.30% $3M
ORN 3.95% 2.14% +1.80% $5M
VPG 1.72% 0.00% +1.72% $2M
PUBM 1.56% 0.00% +1.56% $2M
KRMD 1.23% 0.00% +1.23% $1M
GOLD 1.20% 0.00% +1.20% $1M
SEI 4.58% 3.46% +1.12% $5M
GLDD 4.42% 3.41% +1.00% $5M
RRGB 2.78% 1.85% +0.93% $3M
OPRT 4.54% 3.64% +0.91% $5M
URG 2.01% 1.27% +0.74% $2M
AIP 0.73% 0.00% +0.73% $858K
TGB 3.18% 2.45% +0.73% $4M
IWM 0.68% 0.00% +0.68% $798K
HZO 2.27% 1.67% +0.59% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APLD 0.00% 2.45% -2.45% $0
GFL 0.00% 1.90% -1.90% $0
INVX 2.48% 4.00% -1.52% $3M
EQX 1.33% 2.85% -1.52% $2M
TRC 1.64% 3.01% -1.37% $2M
MG 2.91% 4.16% -1.25% $3M
CTKB 0.00% 1.23% -1.23% $0
PGNY 2.48% 3.58% -1.10% $3M
HLX 2.22% 3.21% -0.98% $3M
LGND 1.94% 2.68% -0.75% $2M
ARAY 1.67% 2.36% -0.69% $2M
KRNT 0.00% 0.64% -0.64% $0
THRY 0.00% 0.62% -0.62% $0
CCJ 0.00% 0.60% -0.60% $0
HCKT 2.42% 3.01% -0.59% $3M

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 $798K 0.7%
Mid Cap 16 $19M 16.5%
Small Cap 33 $66M 56.6%
Micro Cap 15 $31M 26.2%

Portfolio Analytics

Avg Market Cap
$5.1B
Median Market Cap
$879M
Avg P/E
52.6
Median P/E
24.4
Avg Dividend Yield
0.01%
Avg Beta
1.21
# Stocks
70
# ETFs / Funds
2

Top Holdings (72 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SEI 4.58% 189,018 $5M $28.29 $2M +17,701 +10.3%
2 OPRT 4.54% 741,441 $5M $7.16 $1M +27,049 +3.8%
3 NGS 4.42% 200,200 $5M $25.81 $769K
4 GLDD 4.42% 423,234 $5M $12.19 $1M
5 HMST 4.29% 383,299 $5M $13.07 $510K
6 ORN 3.95% 508,132 $5M $9.07 $2M +66,751 +15.1%
7 AOSL 3.82% 173,820 $4M $25.66 $821K +27,447 +18.8%
8 ANGO 3.76% 442,230 $4M $9.92 $234K
9 ARHS 3.59% 483,670 $4M $8.67 -$15K
10 TGB 3.18% 1,180,424 $4M $3.15 $1M
11 MG 2.91% 424,062 $3M $8.01 -$1M
12 RRGB 2.78% 560,006 $3M $5.79 $1M
13 RDCM 2.50% 215,277 $3M $13.59 $380K -7,448 -3.3%
14 PGNY 2.48% 131,725 $3M $22.00 -$961K -41,007 -23.7%
15 INVX 2.48% 185,353 $3M $15.62 -$1M -54,956 -22.9%
16 HCKT 2.42% 111,100 $3M $25.42 -$422K
17 INBK 2.41% 104,832 $3M $26.90 $13K
18 OR 2.30% 104,441 $3M $25.71 +104,441 NEW
19 SBH 2.27% 286,575 $3M $9.26 $66K
20 HZO 2.27% 105,281 $3M $25.14 $845K +21,481 +25.6%
21 HLX 2.22% 416,006 $3M $6.24 -$861K
22 UROY 2.17% 1,012,976 $3M $2.50 $750K
23 YTRA 2.02% 2,419,343 $2M $0.97 $472K
24 URG 2.01% 2,237,441 $2M $1.05 $977K +202,345 +9.9%
25 LGND 1.94% 19,897 $2M $113.68 -$631K -7,615 -27.7%
26 VPG 1.72% 71,354 $2M $28.10 +71,354 NEW
27 CRAI 1.70% 10,600 $2M $187.37 $150K
28 ARAY 1.67% 1,426,026 $2M $1.37 -$589K +5,819 +0.4%
29 TRC 1.64% 113,163 $2M $16.96 -$1M -91,516 -44.7%
30 PUBM 1.56% 146,492 $2M $12.44 +146,492 NEW
31 SILC 1.52% 113,237 $2M $15.68 $83K -483 -0.4%
32 RNGR 1.52% 148,220 $2M $11.94 -$333K
33 CTLP 1.50% 158,945 $2M $10.99 $496K
34 TLS 1.41% 521,413 $2M $3.17 $567K +65,356 +14.3%
35 EQX 1.33% 269,452 $2M $5.75 -$2M -177,122 -39.7%
36 METCB 1.26% 180,458 $1M $8.18 $410K +30,558 +20.4%
37 KRMD 1.23% 402,494 $1M $3.58 +402,494 NEW
38 GOLD 1.20% 63,032 $1M $22.18 +63,032 NEW
39 AIP 0.73% 90,000 $858K $9.53 +90,000 NEW
40 IWM 0.68% 3,700 $798K $215.79 +3,700 NEW
41 TTGT 0.67% 100,000 $777K $7.77 -$102K +40,660 +68.5%
42 AVNW 0.65% 31,677 $762K $24.05 $155K
43 VTMX 0.64% 27,200 $745K $27.39 $125K
44 ITRN 0.50% 15,000 $581K $38.73 +15,000 NEW
45 ALLT 0.48% 65,298 $558K $8.55 +65,298 NEW
46 VLRS 0.32% 79,400 $377K $4.75 -$37K
47 YEXT 0.14% 19,900 $169K $8.50 +19,900 NEW
48 MCHX 0.12% 64,429 $141K $2.19 +64,429 NEW
49 EWZ 0.07% 3,000 $87K $28.85 +3,000 NEW
50 SBSW 0.02% 3,000 $22K $7.22 +3,000 NEW
51 CTKB —% -$1M -331,219 -100.0% SOLD
52 FORR —% -$426K -46,120 -100.0% SOLD
53 MGTX —% -$286K -42,115 -100.0% SOLD
54 XOMA —% -$113K -5,674 -100.0% SOLD
55 BWA —% -$52K -1,800 -100.0% SOLD
56 DNN —% -$437K -336,000 -100.0% SOLD
57 KSPI —% -$613K -6,600 -100.0% SOLD
58 ERO —% -$39K -3,210 -100.0% SOLD
59 CAPR —% -$204K -21,530 -100.0% SOLD
60 CLS —% -$512K -6,500 -100.0% SOLD
61 AXTA —% -$33K -1,000 -100.0% SOLD
62 KRNT —% -$695K -36,400 -100.0% SOLD
63 CCJ —% -$642K -15,600 -100.0% SOLD
64 SEE —% -$74K -2,550 -100.0% SOLD
65 TAP —% -$24K -400 -100.0% SOLD
66 LW —% -$51K -950 -100.0% SOLD
67 GFL —% -$2M -42,300 -100.0% SOLD
68 FTI —% -$108K -3,394 -100.0% SOLD
69 BTG —% -$124K -43,712 -100.0% SOLD
70 APLD —% -$3M -469,500 -100.0% SOLD
71 THRY —% -$669K -52,251 -100.0% SOLD
72 TRUE —% -$87K -55,000 -100.0% SOLD

New Positions

SymbolValue% Port
OR $3M 2.30%
VPG $2M 1.72%
PUBM $2M 1.56%
KRMD $1M 1.23%
GOLD $1M 1.20%
AIP $858K 0.73%
IWM $798K 0.68%
ITRN $581K 0.50%
ALLT $558K 0.48%
YEXT $169K 0.14%
MCHX $141K 0.12%
EWZ $87K 0.07%
SBSW $22K 0.02%

Sold Out Positions

SymbolValue% Port
AXTA —%
FTI —%
GFL —%
BWA —%
CLS —%
CCJ —%
ERO —%
TAP —%
LW —%
CTKB —%
FORR —%
KRNT —%
CAPR —%
KSPI —%
APLD —%
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