Tieton Capital Management

4700 Tieton Drive, Suite C
Yakima, WA  98908
(509) 965-6488

  • Home
  • Investment Philosophy
    • Investment Process
    • Portfolio Description
    • Tieton Capital is Different
    • Performance History
    • Institutional Databases
  • About Us
    • Investment Professionals
    • Account Size and Fee
    • CFA® Designation
    • Code of Ethics
    • Form ADV Part 2
    • ADV Part 3 Form CRS
    • Privacy Notice
    • Directions to Office
  • Contact Us
  • Client Information

Investment Process

INVESTMENT PROCESS
The Investment Team talks to every company before buying for client accounts. Many times discussions also take place with competitors, customers, and suppliers.

  • Phase I: Initial screening of quantitative characteristics to narrow the field
  • Phase II: Evaluate business relative to the investment philosophy
  • Phase III: Financial analysis of the business with respect to the industry, its own history, and the future potential
  • Phase IV: Price target evaluation, leading to portfolio purchase

RISK CONTROL

  • Own 25 to 35 companies — allows for deeper understanding of each company
  • Maximum sector weighting 35% of the portfolio, closely evaluated at 25%
  • Maximum purchase size 5% of the portfolio
  • Maximum position size 10% of the portfolio
  • New accounts purchase positions at size of existing portfolios, even if weighting is greater than 5%
  • Liquidity of individual positions and the overall portfolio are monitored closely and controlled

SELL DISCIPLINE

  • Company becomes fully valued
  • Better alternative identified
  • Successful company grows to 10% of the portfolio
  • Impairment relative to investment philosophy fundamentals
  • Catalysts fail to materialize
  • Home
  • Investment Philosophy
  • About Us
  • Contact Us
  • Client Information

Tieton Capital Management · Copyright © · Parsec Computer Corp · Log in