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Acuitas Investments, LLC

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13F filer, CIK 1524828, Seattle, WA

Acuitas Investments, LLC reported $155,769,736 across 52 holdings for the quarter ended 2025-09-30, in a 13F-HR/A filed 2025-11-18. Its ten largest share positions make up 37.25% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001941040-25-000659

Period
2025-09-30
Reported value
$156M
Holdings
52
Top 10 weight
37.25%
New
8
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TTInew+736,170$4.23M
GDOTnew+271,611$3.65M
GROYnew+780,816$3.01M
MGadded+219,421$2.16M
TMCInew+301,100$2.02M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
METCreduced-260,968-$8.66M
SBHexited-286,575-$2.65M
RDCMreduced-169,794-$2.46M
TRCexited-113,163-$1.92M
EQXexited-269,452-$1.55M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR/A 0001941040-25-000659, largest first. % of portfolio is the value over $155,769,736, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SEISOLARIS ENERGY INFRAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 383,772 shares; 2024Q4: 171,317 shares; 2025Q1: 171,317 shares; 2025Q2: 189,018 shares; 2025Q3: 182,886 shares 182,886$7.31M4.69%-6,132Timeline
AOSLALPHA & OMEGA SEMICONDUCTORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,900 shares; 2024Q4: 115,900 shares; 2025Q1: 146,373 shares; 2025Q2: 173,820 shares; 2025Q3: 240,920 shares 240,920$6.74M4.32%+67,100Timeline
MGMISTRAS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 292,264 shares; 2024Q4: 292,264 shares; 2025Q1: 424,062 shares; 2025Q2: 424,062 shares; 2025Q3: 643,483 shares 643,483$6.33M4.06%+219,421Timeline
NGSNATURAL GAS SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,200 shares; 2024Q4: 200,200 shares; 2025Q1: 200,200 shares; 2025Q2: 200,200 shares; 2025Q3: 216,700 shares 216,700$6.07M3.89%+16,500Timeline
ANGOANGIODYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 403,280 shares; 2024Q4: 403,280 shares; 2025Q1: 442,230 shares; 2025Q2: 442,230 shares; 2025Q3: 498,530 shares 498,530$5.57M3.57%+56,300Timeline
OPRTOPORTUN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,027,844 shares; 2024Q4: 1,150,204 shares; 2025Q1: 714,392 shares; 2025Q2: 741,441 shares; 2025Q3: 892,449 shares 892,449$5.51M3.53%+151,008Timeline
TLSTELOS CORP MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 456,057 shares; 2025Q2: 521,413 shares; 2025Q3: 771,813 shares 771,813$5.28M3.39%+250,400Timeline
MCHBMECHANICS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 332,689 shares; 2024Q4: 336,308 shares; 2025Q1: 383,299 shares; 2025Q2: 383,299 shares; 2025Q3: 383,299 shares 383,299$5.1M3.28%0Timeline
GLDDGREAT LAKES DREDGE & DOCK COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 409,684 shares; 2024Q4: 360,581 shares; 2025Q1: 423,234 shares; 2025Q2: 423,234 shares; 2025Q3: 423,234 shares 423,234$5.07M3.26%0Timeline
UROYURANIUM RTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,125,920 shares; 2024Q4: 1,012,976 shares; 2025Q1: 1,012,976 shares; 2025Q2: 1,012,976 shares; 2025Q3: 1,172,719 shares 1,172,719$5.04M3.24%+159,743Timeline
HOSHORNBECK OFFSHORE SERVICES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 430,402 shares; 2024Q4: 343,402 shares; 2025Q1: 416,006 shares; 2025Q2: 416,006 shares; 2025Q3: 681,610 shares 681,610$4.47M2.87%+265,604Timeline
TTITETRA TECHNOLOGIES INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 736,170 shares 736,170$4.23M2.72%newTimeline
ORNORION GROUP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 533,635 shares; 2024Q4: 359,458 shares; 2025Q1: 441,381 shares; 2025Q2: 508,132 shares; 2025Q3: 508,132 shares 508,132$4.23M2.71%0Timeline
URGUR-ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,035,096 shares; 2025Q1: 2,035,096 shares; 2025Q2: 2,237,441 shares; 2025Q3: 2,237,441 shares 2,237,441$4.01M2.57%0Timeline
ARAYACCURAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 708,553 shares; 2024Q4: 708,553 shares; 2025Q1: 1,420,207 shares; 2025Q2: 1,426,026 shares; 2025Q3: 2,392,126 shares 2,392,126$3.99M2.56%+966,100Timeline
ARHSARHAUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,171 shares; 2024Q4: 355,871 shares; 2025Q1: 483,670 shares; 2025Q2: 483,670 shares; 2025Q3: 373,593 shares 373,593$3.97M2.55%-110,077Timeline
RRGBRED ROBIN GOURMET BURGERS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 636,348 shares; 2024Q4: 560,006 shares; 2025Q1: 560,006 shares; 2025Q2: 560,006 shares; 2025Q3: 560,006 shares 560,006$3.84M2.47%0Timeline
TGBTASEKO MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 757,246 shares; 2024Q4: 666,486 shares; 2025Q1: 1,180,424 shares; 2025Q2: 1,180,424 shares; 2025Q3: 891,609 shares 891,609$3.77M2.42%-288,815Timeline
YTRAYATRA ONLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,419,343 shares; 2024Q4: 2,419,343 shares; 2025Q1: 2,419,343 shares; 2025Q2: 2,419,343 shares; 2025Q3: 2,671,484 shares 2,671,484$3.74M2.4%+252,141Timeline
OROR ROYALTIES INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 104,441 shares; 2025Q3: 92,707 shares 92,707$3.72M2.39%-11,734Timeline
GDOTGREEN DOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 271,611 shares 271,611$3.65M2.34%newTimeline
INVXINNOVEX INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 153,927 shares; 2024Q4: 240,309 shares; 2025Q1: 240,309 shares; 2025Q2: 185,353 shares; 2025Q3: 185,353 shares 185,353$3.44M2.21%0Timeline
METCRAMACO RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,089 shares; 2024Q4: 152,097 shares; 2025Q1: 309,957 shares; 2025Q2: 363,578 shares; 2025Q3: 102,610 shares 102,610$3.41M2.19%-260,968Timeline
HZOMARINEMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,669 shares; 2024Q4: 83,800 shares; 2025Q1: 83,800 shares; 2025Q2: 105,281 shares; 2025Q3: 131,538 shares 131,538$3.33M2.14%+26,257Timeline
RNGRRANGER ENERGY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 148,220 shares; 2025Q1: 148,220 shares; 2025Q2: 148,220 shares; 2025Q3: 226,479 shares 226,479$3.18M2.04%+78,259Timeline
METCBRAMACO RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,908 shares; 2024Q4: 147,538 shares; 2025Q1: 149,900 shares; 2025Q2: 180,458 shares; 2025Q3: 182,621 shares 182,621$3.08M1.98%+2,163Timeline
GROYGOLD ROYALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 780,816 shares 780,816$3.01M1.93%newTimeline
FTKFLOTEK INDUSTRIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 271,341 shares; 2025Q1: 321,925 shares; 2025Q2: 261,343 shares; 2025Q3: 203,469 shares 203,469$2.97M1.91%-57,874Timeline
PUBMPUBMATIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 146,492 shares; 2025Q3: 355,651 shares 355,651$2.94M1.89%+209,159Timeline
KRMDKORU MEDICAL SYSTEMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 402,494 shares; 2025Q3: 763,088 shares 763,088$2.92M1.88%+360,594Timeline
PGNYPROGYNY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 172,732 shares; 2025Q1: 172,732 shares; 2025Q2: 131,725 shares; 2025Q3: 131,725 shares 131,725$2.83M1.82%0Timeline
VPGVISHAY PRECISION GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 71,354 shares; 2025Q3: 86,281 shares 86,281$2.77M1.78%+14,927Timeline
CRAICRA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,600 shares; 2024Q4: 10,600 shares; 2025Q1: 10,600 shares; 2025Q2: 10,600 shares; 2025Q3: 12,800 shares 12,800$2.67M1.71%+2,200Timeline
LGNDLIGAND PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,261 shares; 2024Q4: 27,512 shares; 2025Q1: 27,512 shares; 2025Q2: 19,897 shares; 2025Q3: 13,494 shares 13,494$2.39M1.53%-6,403Timeline
INBKFIRST INTERNET BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,421 shares; 2024Q4: 104,832 shares; 2025Q1: 104,832 shares; 2025Q2: 104,832 shares; 2025Q3: 104,832 shares 104,832$2.35M1.51%0Timeline
HCKTHACKETT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 111,100 shares; 2024Q4: 111,100 shares; 2025Q1: 111,100 shares; 2025Q2: 111,100 shares; 2025Q3: 122,500 shares 122,500$2.33M1.49%+11,400Timeline
GOLDGOLD COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 63,032 shares; 2025Q3: 84,664 shares 84,664$2.19M1.41%+21,632Timeline
CTLPCANTALOUPE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 187,100 shares; 2024Q4: 158,945 shares; 2025Q1: 158,945 shares; 2025Q2: 158,945 shares; 2025Q3: 205,645 shares 205,645$2.17M1.4%+46,700Timeline
TMCITREACE MED CONCEPTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 301,100 shares 301,100$2.02M1.3%newTimeline
AVNWAVIAT NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,073 shares; 2024Q4: 14,073 shares; 2025Q1: 31,677 shares; 2025Q2: 31,677 shares; 2025Q3: 63,377 shares 63,377$1.45M0.93%+31,700Timeline
RDCMRADCOM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,867 shares; 2024Q4: 183,498 shares; 2025Q1: 222,725 shares; 2025Q2: 215,277 shares; 2025Q3: 45,483 shares 45,483$659K0.42%-169,794Timeline
SILCSILICOM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,389 shares; 2024Q4: 104,379 shares; 2025Q1: 113,720 shares; 2025Q2: 113,237 shares; 2025Q3: 27,435 shares 27,435$486K0.31%-85,802Timeline
YEXTYEXT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 19,900 shares; 2025Q3: 36,350 shares 36,350$310K0.2%+16,450Timeline
HBIOHARVARD BIOSCIENCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 491,092 shares; 2024Q4: 491,092 shares; 2025Q1: 491,092 shares; 2025Q2: 491,092 shares; 2025Q3: 491,092 shares 491,092$215K0.14%0Timeline
ALLTALLOT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 303,489 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 65,298 shares; 2025Q3: 15,749 shares 15,749$167K0.11%-49,549Timeline
AIPARTERIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,872 shares; 2024Q4: 107,250 shares; 2025Q1: not reported; 2025Q2: 90,000 shares; 2025Q3: 15,871 shares 15,871$160K0.1%-74,129Timeline
TTGTTECHTARGET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 36,332 shares; 2025Q1: 59,340 shares; 2025Q2: 100,000 shares; 2025Q3: 26,998 shares 26,998$157K0.1%-73,002Timeline
MPTIM-TRON INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,531 shares 2,531$140K0.09%newTimeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,000 shares 4,000$110K0.07%newTimeline
BBDBANCO BRADESCO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 29,400 shares 29,400$99.4K0.06%newTimeline
MCHXMARCHEX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 64,429 shares; 2025Q3: 48,829 shares 48,829$88.2K0.06%-15,600Timeline
XCAFXMORGAN STANLEY CHINA A SH FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,868 shares 4,868$81.1K0.05%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SBHSALLY BEAUTY HLDGS INC286,575$2.65Mshares
TRCTEJON RANCH CO113,163$1.92Mshares
EQXEQUINOX GOLD CORP269,452$1.55Mshares
IWMISHARES TR3,700$798Kshares
VTMXVESTA REAL ESTATE CORP27,200$745Kshares
ITRNITURAN LOCATION AND CONTROL15,000$581Kshares
VLRSCONTROLADORA VUELA COMP DE A79,400$377Kshares
EWZISHARES INC3,000$86.5Kshares
SBSWSIBANYE STILLWATER LTD3,000$21.7Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001941040-25-000589 superseded2025-11-03acceptance time not in the bulk data set
13F-HR/A 0001941040-25-000659 baserestatement2025-11-18acceptance time not in the bulk data set