Acuitas Investments, LLC — 13F Holdings & Portfolio
CIK 1524828 · latest 13F-HR filed 2026-07-30
Acuitas Investments, LLC manages $1.4M in 13F-reported U.S. long-equity assets across 7 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SLB (26.68%), UAN (26.25%), FSLR (15.45%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 5; 1 existing position rose in reported value and 3 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-07-30
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 100%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Apr 16, 2026.
SUITE 1221
SEATTLE, WA 98101
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| JENSEN, DENNIS, WESLEY Control | MANAGER since Nov 2010 | 25–50% | Individual |
| TESSIN, CHRISTOPHER, DAVID Control | MANAGER AND MEMBER since Jan 2011 | 25–50% | Individual |
| THENELL, LISA, MARIE Control | CHIEF COMPLIANCE OFFICER/CHIEF OPERATING OFFICER since Jan 2019 | Less than 5% | Individual |
Ownership & leadership changes · 4 filings with changes since Mar 20, 2014
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- ChangedTESSIN, CHRISTOPHER, DAVID · ownership 50–75% → 25–50%
- No longer listedTESSIN, REBECCA, KAMPE · DIRECTOR OF FINANCE · Less than 5% · control person · listed since May 2017
- ChangedTESSIN, REBECCA, KAMPE · title DIRECTOR → DIRECTOR OF FINANCE
- ChangedTHENELL, LISA, MARIE · title CHIEF COMPLIANCE OFFICER/DIRECTOR OF OPERATIONS → CHIEF COMPLIANCE OFFICER/CHIEF OPERATING OFFICER
- AddedTHENELL, LISA, MARIE · CHIEF COMPLIANCE OFFICER/DIRECTOR OF OPERATIONS · Less than 5% · control person
- ChangedTESSIN, REBECCA, KAMPE · title DIRECTOR, CHIEF COMPLIANCE OFFICER → DIRECTOR
- ListedJENSEN, DENNIS, WESLEY · MANAGER · 25–50% · control person
- ListedTESSIN, CHRISTOPHER, DAVID · MANAGER AND MEMBER · 50–75% · control person
- ListedTESSIN, REBECCA, KAMPE · DIRECTOR, CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Trims
- NEW FOUND GOLD CORP-$59.2K -47.0%
- SLB LIMITED-$40.9K -9.7%
- MARCHEX INC-$39.8K -19.2%
New Positions
- CVR PARTNERS LP/CVR NITROGEN$374.4K
- FIRST SOLAR INC$220.3K
- PERPETUA RESOURCES CORP$62.2K
Exited Positions
- VESTA REAL ESTATE CORP$296.7K
- CRESUD S A C I F Y A$127.2K
- BRBI BR PARTNERS SA$44.7K
- KALTURA INC$36.6K
- GODADDY INC$33.1K
Acuitas Investments, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SLB LIMITED | SLB | 806857108 | $380.5K | 26.68% | 8,200 | SH |
| 2 | CVR PARTNERS LP/CVR NITROGEN | UAN | 126633205 | $374.4K | 26.25% | 3,307 | SH |
| 3 | FIRST SOLAR INC | FSLR | 336433107 | $220.3K | 15.45% | 935 | SH |
| 4 | MARCHEX INC | MCHX | 56624R108 | $167.5K | 11.74% | 102,734 | SH |
| 5 | BANCO BRADESCO S A | BBD | 059460303 | $154.3K | 10.82% | 44,400 | SH |
| 6 | NEW FOUND GOLD CORP | NFGC | 64440N103 | $66.9K | 4.69% | 44,000 | SH |
| 7 | PERPETUA RESOURCES CORP | PPTA | 714266103 | $62.2K | 4.36% | 3,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-30 | $1.4M | 7 | 0001941040-26-000491 |
| 2026-03-31 | 2026-04-29 | $1.4M | 9 | 0001941040-26-000280 |
| 2025-12-31 | 2026-01-27 | $496.5K | 1 | 0001941040-26-000048 |
SUITE 1221
SEATTLE, WA 98101