Acuitas Investments 13F annual report
Acuitas Investments is an investment fund managing more than $187 billion ran by Lisa Thenell. There are currently 118 companies in Mrs. Thenell’s portfolio. The largest investments include Orion Inc and Natural Grocers By Vitamin C, together worth $10.6 billion.
$187 billion Assets Under Management (AUM)
As of 29th July 2024, Acuitas Investments’s top holding is 582,855 shares of Orion Inc currently worth over $5.54 billion and making up 3.0% of the portfolio value.
Relative to the number of outstanding shares of Orion Inc, Acuitas Investments owns more than approximately 0.1% of the company.
In addition, the fund holds 236,544 shares of Natural Grocers By Vitamin C worth $5.01 billion.
The third-largest holding is Alpha & Omega Semiconductor Ltd worth $4.84 billion and the next is Arhaus Inc worth $4.83 billion, with 285,139 shares owned.
Currently, Acuitas Investments's portfolio is worth at least $187 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Acuitas Investments
The Acuitas Investments office and employees reside in Seattle, Washington. According to the last 13-F report filed with the SEC, Lisa Thenell serves as the Chief Compliance Officer/Chief Operating Officer at Acuitas Investments.
Recent trades
In the most recent 13F filing, Acuitas Investments revealed that it had opened a new position in
Aarons Inc and bought 224,898 shares worth $2.24 billion.
This means they effectively own approximately 0.1% of the company.
Aarons Inc makes up
8.5%
of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Red Robin Gourmet Burgers In by buying
50,172 additional shares.
This makes their stake in Red Robin Gourmet Burgers In total 610,193 shares worth $4.62 billion.
On the other hand, there are companies that Acuitas Investments is getting rid of from its portfolio.
Acuitas Investments closed its position in Overseas Shipholding Group I on 5th August 2024.
It sold the previously owned 440,942 shares for $2.82 billion.
Lisa Thenell also disclosed a decreased stake in Orion Inc by approximately 0.1%.
This leaves the value of the investment at $5.54 billion and 582,855 shares.
One of the smallest hedge funds
The two most similar investment funds to Acuitas Investments are Bck Partners and Wealth Management Partners. They manage $187 billion and $187 billion respectively.
Lisa Thenell investment strategy
Acuitas Investments’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Industrials — making up 14.2% of
the total portfolio value.
The fund focuses on investments in the United States as
55.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
15% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $695 million.
The complete list of Acuitas Investments trades based on 13F SEC filings
These positions were updated on August 5th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Orion Group Holdings Inc |
9.66%
582,855
|
$5,542,951,000 | 2.97% |
| Natural Grocers By Vitamin C |
5.21%
236,544
|
$5,014,733,000 | 2.68% |
| Alpha & Omega Semiconductor Ltd |
No change
129,500
|
$4,839,415,000 | 2.59% |
| Arhaus Inc |
21.49%
285,139
|
$4,830,255,000 | 2.59% |
| Red Robin Gourmet Burgers In |
8.96%
610,193
|
$4,619,161,000 | 2.47% |
| Ligand Pharmaceuticals, Inc. |
No change
54,682
|
$4,607,505,000 | 2.47% |
| Natural Gas Svcs Group Inc |
No change
200,200
|
$4,028,024,000 | 2.16% |
| Tejon Ranch Co. |
No change
232,552
|
$3,967,337,000 | 2.12% |
| HomeStreet Inc |
No change
332,689
|
$3,792,655,000 | 2.03% |
| Truecar Inc |
No change
1,135,800
|
$3,555,054,000 | 1.90% |
| Seneca Foods Corp. |
0.54%
57,488
|
$3,299,811,000 | 1.77% |
| First Internet Bancorp |
No change
118,421
|
$3,199,735,000 | 1.71% |
| Franklin Str Pptys Corp |
39.47%
2,075,596
|
$3,175,662,000 | 1.70% |
| Hurco Co |
66.77%
203,151
|
$3,100,084,000 | 1.66% |
| Xoma Corp Del |
No change
123,197
|
$2,918,537,000 | 1.56% |
| Universal Technical Inst Inc |
No change
185,107
|
$2,911,733,000 | 1.56% |
| Yatra Online Inc |
No change
2,419,343
|
$2,879,018,000 | 1.54% |
| Overseas Shipholding Group I |
Closed
440,942
|
$2,822,029,000 | |
| Haynes International Inc. |
No change
47,041
|
$2,761,307,000 | 1.48% |
| Applied Optoelectronics Inc |
38.39%
331,221
|
$2,745,822,000 | 1.47% |
| Cato Corp. |
18.82%
492,629
|
$2,729,165,000 | 1.46% |
| Equinox Gold Corp |
25.80%
521,104
|
$2,725,374,000 | 1.46% |
| Great Lakes Dredge & Dock Corporation |
No change
308,664
|
$2,710,070,000 | 1.45% |
| Solaris Oilfield Infrastruct |
No change
306,237
|
$2,627,513,000 | 1.41% |
| Osisko Gold Royalties Ltd |
26.05%
167,008
|
$2,601,985,000 | 1.39% |
| Acacia Resh Corp |
0.55%
497,916
|
$2,494,559,000 | 1.34% |
| Angiodynamics Inc |
No change
403,280
|
$2,439,844,000 | 1.31% |
| Biglari Holdings Inc. |
22.98%
12,536
|
$2,424,212,000 | 1.30% |
| Mistras Group Inc |
No change
292,264
|
$2,422,869,000 | 1.30% |
| Hackett Group Inc (The) |
No change
111,100
|
$2,413,092,000 | 1.29% |
| Dril-Quip, Inc. |
No change
129,488
|
$2,408,477,000 | 1.29% |
| UNIFI, Inc. |
20.43%
404,356
|
$2,381,657,000 | 1.27% |
| Alico Inc. |
19.25%
88,513
|
$2,293,372,000 | 1.23% |
| Aarons Company Inc (The) |
Opened
224,898
|
$2,244,482,000 | 1.20% |
| Gaia Inc |
0.53%
498,944
|
$2,200,343,000 | 1.18% |
| Uranium Rty Corp |
Opened
942,109
|
$2,119,745,000 | 1.13% |
| Sally Beauty Holdings Inc |
62.53%
196,935
|
$2,113,113,000 | 1.13% |
| Helix Energy Solutions Grp I |
31.88%
176,224
|
$2,104,115,000 | 1.13% |
| Diamond Offshore Drilling In |
No change
130,430
|
$2,020,361,000 | 1.08% |
| Skywest Inc. |
Closed
28,719
|
$1,983,909,000 | |
| Eton Pharmaceuticals, Inc. |
No change
579,960
|
$1,908,068,000 | 1.02% |
| Weave Communications, Inc. |
54.37%
207,489
|
$1,871,551,000 | 1.00% |
| Saga Communications, Inc. |
0.53%
116,644
|
$1,837,143,000 | 0.98% |
| CRA International Inc. |
No change
10,600
|
$1,825,532,000 | 0.98% |
| Fonar Corp. |
142.12%
113,400
|
$1,814,400,000 | 0.97% |
| Geospace Technologies Corp |
0.54%
201,416
|
$1,808,716,000 | 0.97% |
| Ramaco Res Inc |
No change
160,908
|
$1,747,461,000 | 0.94% |
| Brightcove Inc |
No change
704,938
|
$1,670,703,000 | 0.89% |
| Westwood Hldgs Group Inc |
0.58%
136,678
|
$1,664,738,000 | 0.89% |
| Oportun Finl Corp |
Opened
543,634
|
$1,576,539,000 | 0.84% |
| AstroNova Inc |
0.55%
101,249
|
$1,563,285,000 | 0.84% |
| Johnson Outdoors Inc |
Opened
43,298
|
$1,514,564,000 | 0.81% |
| Lakeland Inds Inc |
0.54%
62,387
|
$1,431,158,000 | 0.77% |
| Universal Stainless & Alloy |
48.80%
51,423
|
$1,407,962,000 | 0.75% |
| Taseko Mines Ltd. |
70.95%
565,265
|
$1,384,899,000 | 0.74% |
| Vera Bradley Inc |
31.31%
213,425
|
$1,336,041,000 | 0.72% |
| Accuray Inc |
No change
708,553
|
$1,289,566,000 | 0.69% |
| Orion Energy Sys Inc |
No change
1,140,133
|
$1,265,548,000 | 0.68% |
| Limoneira Co |
0.54%
59,565
|
$1,239,548,000 | 0.66% |
| Kvh Inds Inc |
19.07%
266,055
|
$1,237,156,000 | 0.66% |
| Cantaloupe Inc |
No change
187,100
|
$1,234,860,000 | 0.66% |
| Ishares Tr |
Closed
5,716
|
$1,202,075,000 | |
| Star Hldgs |
Opened
98,259
|
$1,185,004,000 | 0.63% |
| Hooker Furnishings Corporati |
Opened
81,485
|
$1,179,903,000 | 0.63% |
| Iteris Inc. |
155.23%
270,534
|
$1,171,412,000 | 0.63% |
| Harvard Bioscience Inc. |
24.75%
407,343
|
$1,160,928,000 | 0.62% |
| Intevac, Inc. |
55.10%
285,260
|
$1,101,104,000 | 0.59% |
| Nektar Therapeutics |
31.29%
879,904
|
$1,091,081,000 | 0.58% |
| Intrepid Potash Inc |
21.03%
46,072
|
$1,079,467,000 | 0.58% |
| Nuvation Bio Inc |
31.93%
365,741
|
$1,067,964,000 | 0.57% |
| Radcom |
0.88%
110,748
|
$1,035,494,000 | 0.55% |
| Universal Electrs Inc |
0.54%
86,921
|
$1,010,022,000 | 0.54% |
| Caesarstone Ltd |
0.54%
196,368
|
$981,840,000 | 0.53% |
| Fulgent Genetics Inc |
Opened
49,016
|
$961,694,000 | 0.51% |
| Strattec Sec Corp |
Opened
37,017
|
$925,425,000 | 0.50% |
| Controladora Vuela Comp De A |
11.12%
145,400
|
$924,744,000 | 0.49% |
| Spdr Ser Tr |
21.66%
10,072
|
$924,408,000 | 0.49% |
| Miller Inds Inc Tenn |
Closed
17,813
|
$892,431,000 | |
| Nexpoint Diversified Rel Et |
Opened
156,491
|
$865,394,000 | 0.46% |
| Atea Pharmaceuticals, Inc. |
0.53%
259,289
|
$858,247,000 | 0.46% |
| Voxx Intl Corp |
Opened
270,711
|
$855,447,000 | 0.46% |
| SoundThinking Inc |
23.04%
69,749
|
$849,543,000 | 0.45% |
| Fuel Tech Inc |
0.53%
780,746
|
$835,398,000 | 0.45% |
| Gencor Inds Inc |
49.49%
39,652
|
$766,870,000 | 0.41% |
| Netgear Inc |
0.53%
47,312
|
$723,874,000 | 0.39% |
| eGain Corp |
Closed
110,709
|
$714,073,000 | |
| AlloVir, Inc. |
0.53%
984,833
|
$712,330,000 | 0.38% |
| Gulf Is Fabrication Inc |
50.72%
115,861
|
$703,276,000 | 0.38% |
| Lenz Therapeutics Inc |
Closed
31,488
|
$703,124,000 | |
| Assembly Biosciences Inc |
0.53%
49,996
|
$685,945,000 | 0.37% |
| AMREP Corp. |
0.54%
34,980
|
$661,472,000 | 0.35% |
| Ikena Oncology Inc |
0.54%
399,879
|
$659,800,000 | 0.35% |
| TAT Technologies Ltd. |
22.73%
42,275
|
$631,159,000 | 0.34% |
| Reneo Pharmaceuticals Inc |
0.53%
406,209
|
$613,376,000 | 0.33% |
| Sera Prognostics Inc |
Closed
66,044
|
$601,000,000 | |
| Kezar Life Sciences Inc |
42.84%
986,785
|
$592,071,000 | 0.32% |
| Arteris Inc |
67.62%
76,977
|
$578,097,000 | 0.31% |
| Pmv Pharmaceuticals Inc |
0.53%
353,749
|
$573,073,000 | 0.31% |
| Seer, Inc. |
0.53%
340,750
|
$572,460,000 | 0.31% |
| Chimerix Inc |
0.53%
638,657
|
$559,464,000 | 0.30% |
| Kronos Bio, Inc. |
0.53%
443,457
|
$549,887,000 | 0.29% |
| Astrotech Corp |
0.52%
59,546
|
$536,398,000 | 0.29% |
| Adaptimmune Therapeutics Plc |
0.53%
541,201
|
$527,617,000 | 0.28% |
| Aadi Bioscience Inc |
10.80%
352,483
|
$514,625,000 | 0.28% |
| Nextcure Inc |
0.52%
323,342
|
$514,114,000 | 0.28% |
| Aclaris Therapeutics Inc |
0.53%
464,120
|
$510,532,000 | 0.27% |
| ReposiTrak Inc. |
Opened
32,600
|
$498,454,000 | 0.27% |
| Bolt Biotherapeutics Inc |
21.73%
630,507
|
$472,880,000 | 0.25% |
| Cara Therapeutics Inc |
Closed
512,213
|
$466,114,000 | |
| Ckx Lds Inc |
0.57%
33,425
|
$451,241,000 | 0.24% |
| Aviat Networks Inc |
No change
14,073
|
$403,754,000 | 0.22% |
| Richardson Electrs Ltd |
30.24%
32,855
|
$390,646,000 | 0.21% |
| Rafael Holdings Inc |
0.54%
264,141
|
$380,363,000 | 0.20% |
| Passage Bio Inc |
0.53%
471,812
|
$374,713,000 | 0.20% |
| Invivyd Inc |
Closed
77,195
|
$342,746,000 | |
| Lumos Pharma Inc |
0.53%
141,435
|
$328,129,000 | 0.18% |
| Climb Global Solutions Inc |
136.36%
5,200
|
$326,612,000 | 0.17% |
| Fulcrum Therapeutics Inc |
Closed
33,224
|
$313,635,000 | |
| Kodiak Sciences Inc |
0.53%
132,502
|
$311,380,000 | 0.17% |
| Semler Scientific Inc |
Closed
9,923
|
$289,851,000 | |
| Everspin Technologies Inc |
Closed
28,315
|
$224,255,000 | |
| Mamas Creations Inc |
Closed
42,100
|
$210,500,000 | |
| Security Natl Finl Corp |
Closed
20,370
|
$161,127,000 | |
| Silicom Ltd |
39.36%
10,484
|
$158,518,000 | 0.08% |
| NVE Corp |
No change
2,000
|
$149,380,000 | 0.08% |
| Cutera Inc |
49.99%
67,870
|
$102,484,000 | 0.05% |
| Quicklogic Corp |
53.97%
9,700
|
$100,783,000 | 0.05% |
| B2gold Corp |
10.77%
37,300
|
$100,070,000 | 0.05% |
| TechnipFMC plc |
No change
3,394
|
$88,753,000 | 0.05% |
| Ero Copper Corp |
Closed
2,100
|
$40,511,000 | |
| BorgWarner Inc |
30.77%
900
|
$29,016,000 | 0.02% |
| Sealed Air Corp. |
58.82%
700
|
$24,353,000 | 0.01% |
| Campbell Soup Co. |
Closed
300
|
$13,335,000 | |
| Energizer Hldgs Inc New |
80.73%
126
|
$3,722,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 134 holdings | |||
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