# Tieton Capital Management

> Tieton Capital Management is an SEC-registered investment advisory firm in Yakima, WA, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 135769
- Filed as: TIETON CAPITAL MANAGEMENT
- Legal name: Tieton Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Yakima, WA
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135769
- AdvisorCensus page: https://advisorcensus.com/firm/tieton-capital-management-yakima-wa-135769

## Quick answers

**How is Tieton Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Tieton Capital Management reports these compensation arrangements: a percentage of assets under its management.

**Where is Tieton Capital Management located?**
Tieton Capital Management's principal office is in Yakima, WA, according to its Form ADV.

**Is Tieton Capital Management registered with the SEC or a state?**
Tieton Capital Management is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 135769.

**How much does Tieton Capital Management manage?**
Tieton Capital Management reports $313,981,362 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).

**How have Tieton Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Tieton Capital Management: Regulatory assets under management: $157,003,960 in the October 2021 data and $313,981,362 in the October 2026 data, up 100%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tieton Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (31); high net worth individuals (14); investment companies (1).

**Which custodians does Tieton Capital Management use?**
Tieton Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY (The Bank of New York Mellon), Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and State Street as custodians holding 10% or more of its separately managed account assets.

**Does Tieton Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/135769

**Does Tieton Capital Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 17, 2026 says: "The minimum account size for new clients is $500,000. The minimum will increase as assets under management increase."

**What changed in Tieton Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $269,217,733 to $313,981,362 (+17%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- Account minimum: $500,000

> The minimum account size for new clients is $500,000. The minimum will increase as assets under management increase.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- BNY (The Bank of New York Mellon)
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC
- State Street

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $313,981,362
- Discretionary: $313,981,362
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 31 | $41,109,090 |
| High net worth individuals | 14 | $86,034,674 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | 1 | $18,587,145 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $66,076,159 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Fewer than 5 | $43,690,068 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $58,484,226 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Not reported | $0 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2006 (20 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tietoncapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $157,003,960 | 2 | March 2, 2021 |
| October 2022 | $202,192,000 | 3 | March 14, 2022 |
| October 2023 | $170,222,000 | 3 | March 7, 2023 |
| October 2024 | $194,703,811 | 2 | March 22, 2024 |
| October 2025 | $269,217,733 | 3 | March 28, 2025 |
| October 2026 | $313,981,362 | 3 | March 17, 2026 |

Regulatory assets under management: $157,003,960 in the October 2021 data and $313,981,362 in the October 2026 data, up 100%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $269,217,733 to $313,981,362 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tieton Capital Management (CRD 135769): Form ADV filing data as of October 2026.