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Acuitas Investments, LLC

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

Q3 2025 · Filed 2025-11-18
Market Value
$149M
+27.7%
Holdings
58
-14
New Purchases
8
Added To
22
Closed
9
Reduced
11
Top 10 Concentration
38.9%
Turnover
29.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TTI 2.84% 0.00% +2.84% $4M
GDOT 2.45% 0.00% +2.45% $4M
TLS 3.54% 1.41% +2.12% $5M
GROY 2.02% 0.00% +2.02% $3M
TMCI 1.35% 0.00% +1.35% $2M
MG 4.24% 2.91% +1.34% $6M
UROY 3.38% 2.17% +1.21% $5M
ARAY 2.68% 1.67% +1.01% $4M
METCB 2.06% 1.26% +0.80% $3M
HLX 3.00% 2.22% +0.78% $4M
KRMD 1.96% 1.23% +0.73% $3M
AOSL 4.52% 3.82% +0.70% $7M
URG 2.68% 2.01% +0.67% $4M
RNGR 2.13% 1.52% +0.62% $3M
YTRA 2.51% 2.02% +0.49% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SBH 0.00% 2.27% -2.27% $0
RDCM 0.44% 2.50% -2.06% $659K
TRC 0.00% 1.64% -1.64% $0
EQX 0.00% 1.33% -1.33% $0
SILC 0.33% 1.52% -1.19% $486K
ORN 2.83% 3.95% -1.11% $4M
GLDD 3.40% 4.42% -1.01% $5M
ARHS 2.66% 3.59% -0.93% $4M
HMST 3.42% 4.29% -0.87% $5M
HCKT 1.56% 2.42% -0.86% $2M
OPRT 3.69% 4.54% -0.85% $6M
INBK 1.58% 2.41% -0.84% $2M
IWM 0.00% 0.68% -0.68% $0
TGB 2.53% 3.18% -0.65% $4M
VTMX 0.00% 0.64% -0.64% $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 2 $99K 0.1%
Mid Cap 10 $21M 13.9%
Small Cap 32 $94M 62.8%
Micro Cap 14 $35M 23.2%

Portfolio Analytics

Avg Market Cap
$3.4B
Median Market Cap
$670M
Avg P/E
63.6
Median P/E
25.6
Avg Dividend Yield
0.01%
Avg Beta
1.14
# Stocks
55
# ETFs / Funds
3

Top Holdings (58 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SEI 4.90% 182,886 $7M $39.97 $2M -6,132 -3.2%
2 AOSL 4.52% 240,920 $7M $27.96 $2M +67,100 +38.6%
3 MG 4.24% 643,483 $6M $9.84 $3M +219,421 +51.7%
4 NGS 4.07% 216,700 $6M $27.99 $898K +16,500 +8.2%
5 ANGO 3.73% 498,530 $6M $11.17 $1M +56,300 +12.7%
6 OPRT 3.69% 892,449 $6M $6.17 $198K +151,008 +20.4%
7 TLS 3.54% 771,813 $5M $6.84 $4M +250,400 +48.0%
8 HMST 3.42% 383,299 $5M $13.31 $92K
9 GLDD 3.40% 423,234 $5M $11.99 -$85K
10 UROY 3.38% 1,172,719 $5M $4.30 $3M +159,743 +15.8%
11 HLX 3.00% 681,610 $4M $6.56 $2M +265,604 +63.9%
12 TTI 2.84% 736,170 $4M $5.75 +736,170 NEW
13 ORN 2.83% 508,132 $4M $8.32 -$381K
14 URG 2.68% 2,237,441 $4M $1.79 $2M
15 ARAY 2.68% 2,392,126 $4M $1.67 $2M +966,100 +67.8%
16 ARHS 2.66% 373,593 $4M $10.63 -$222K -110,077 -22.8%
17 RRGB 2.58% 560,006 $4M $6.86 $599K
18 TGB 2.53% 891,609 $4M $4.23 $53K -288,815 -24.5%
19 YTRA 2.51% 2,671,484 $4M $1.40 $1M +252,141 +10.4%
20 OR 2.49% 92,707 $4M $40.08 $1M -11,734 -11.2%
21 GDOT 2.45% 271,611 $4M $13.43 +271,611 NEW
22 INVX 2.30% 185,353 $3M $18.54 $541K
23 HZO 2.23% 131,538 $3M $25.33 $685K +26,257 +24.9%
24 RNGR 2.13% 226,479 $3M $14.04 $1M +78,259 +52.8%
25 METCB 2.06% 182,621 $3M $16.85 $2M +2,163 +1.2%
26 GROY 2.02% 780,816 $3M $3.86 +780,816 NEW
27 PUBM 1.97% 355,651 $3M $8.28 $1M +209,159 +142.8%
28 KRMD 1.96% 763,088 $3M $3.83 $1M +360,594 +89.6%
29 PGNY 1.90% 131,725 $3M $21.52 -$63K
30 VPG 1.85% 86,281 $3M $32.05 $760K +14,927 +20.9%
31 CRAI 1.79% 12,800 $3M $208.53 $683K +2,200 +20.8%
32 LGND 1.60% 13,494 $2M $177.14 $128K -6,403 -32.2%
33 INBK 1.58% 104,832 $2M $22.43 -$469K
34 HCKT 1.56% 122,500 $2M $19.01 -$495K +11,400 +10.3%
35 GOLD 1.47% 84,664 $2M $25.87 $792K +21,632 +34.3%
36 CTLP 1.46% 205,645 $2M $10.57 $427K +46,700 +29.4%
37 TMCI 1.35% 301,100 $2M $6.71 +301,100 NEW
38 AVNW 0.97% 63,377 $1M $22.93 $691K +31,700 +100.1%
39 RDCM 0.44% 45,483 $659K $14.49 -$2M -169,794 -78.9%
40 SILC 0.33% 27,435 $486K $17.72 -$1M -85,802 -75.8%
41 YEXT 0.21% 36,350 $310K $8.52 $141K +16,450 +82.7%
42 ALLT 0.11% 15,749 $167K $10.58 -$392K -49,549 -75.9%
43 AIP 0.11% 15,871 $160K $10.10 -$697K -74,129 -82.4%
44 TTGT 0.11% 26,998 $157K $5.81 -$620K -73,002 -73.0%
45 MPTI 0.09% 2,531 $140K $55.48 +2,531 NEW
46 GGAL 0.07% 4,000 $110K $27.56 +4,000 NEW
47 BBD 0.07% 29,400 $99K $3.38 +29,400 NEW
48 MCHX 0.06% 48,829 $88K $1.81 -$53K -15,600 -24.2%
49 CAF 0.05% 4,868 $81K $16.65 +4,868 NEW
50 ITRN —% -$581K -15,000 -100.0% SOLD
51 TRC —% -$2M -113,163 -100.0% SOLD
52 IWM —% -$798K -3,700 -100.0% SOLD
53 SBH —% -$3M -286,575 -100.0% SOLD
54 EWZ —% -$87K -3,000 -100.0% SOLD
55 EQX —% -$2M -269,452 -100.0% SOLD
56 SBSW —% -$22K -3,000 -100.0% SOLD
57 VTMX —% -$745K -27,200 -100.0% SOLD
58 VLRS —% -$377K -79,400 -100.0% SOLD

New Positions

SymbolValue% Port
TTI $4M 2.84%
GDOT $4M 2.45%
GROY $3M 2.02%
TMCI $2M 1.35%
MPTI $140K 0.09%
GGAL $110K 0.07%
BBD $99K 0.07%
CAF $81K 0.05%

Sold Out Positions

SymbolValue% Port
VLRS —%
SBH —%
VTMX —%
TRC —%
ITRN —%
EQX —%
IWM —%
EWZ —%
SBSW —%
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