Tieton Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions.
Tieton Capital Management reports 47 clients. They include 31 individual clients, 14 high-net-worth individuals and 1 investment company. Of its assets, 100.0% ($314M across 50 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 13% |
| High-net-worth individuals | 30% | 27% |
| Investment companies | 2% | 6% |
| Pooled investment vehicles | 2% | 21% |
| Charitable organizations | Fewer than 5 | 14% |
| Other client typesState or municipal government entities | Not reported | 19% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 31 | $41.1M | 13.1% | $1.33M |
| High-net-worth individuals | 14 | $86M | 27.4% | $6.15M |
| Investment companies | 1 | $18.6M | 5.9% | $18.6M |
| Pooled investment vehicles | 1 | $66.1M | 21.0% | $66.1M |
| Charitable organizations | Fewer than 5 | $43.7M | 13.9% | — |
| State or municipal government entities | Fewer than 5 | $58.5M | 18.6% | — |
| Total | 47 | $314M | 100% | — |
- Clients
- 31
- Regulatory AUM
- $41.1M
- AUM share
- 13.1%
- Avg. per client
- $1.33M
- Clients
- 14
- Regulatory AUM
- $86M
- AUM share
- 27.4%
- Avg. per client
- $6.15M
- Clients
- 1
- Regulatory AUM
- $18.6M
- AUM share
- 5.9%
- Avg. per client
- $18.6M
- Clients
- 1
- Regulatory AUM
- $66.1M
- AUM share
- 21.0%
- Avg. per client
- $66.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $43.7M
- AUM share
- 13.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $58.5M
- AUM share
- 18.6%
- Avg. per client
- —
Total
- Clients
- 47
- Regulatory AUM
- $314M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Tieton Capital Management is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
William Dezellem owns 75% or more of Tieton Capital Management. The leadership team of Tieton Capital Management includes President William Dezellem. It has 3 employees, 2 of them in advisory roles.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Tieton Capital Management, LLC
William Dezellem
Control person · since June 2005
- Owns 10% to 25% of Tieton Capital Management, LLC
Matthew Dhane
Control person · since January 2014
Tieton Capital Management’s regulatory assets grew 2.0× from $157M (March 2021) to $314M (March 2026); clients were 47 in both filings and employees rose from 2 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $314M | 47 | 3 | 1 |
| Mar 2025March 2025 | $269M | 48 | 3 | 1 |
| Mar 2024March 2024 | $195M | 46 | 2 | 1 |
| Mar 2023March 2023 | $170M | 45 | 3 | 1 |
| Mar 2022March 2022 | $202M | 44 | 3 | 1 |
| Mar 2021March 2021 | $157M | 45 | 2 | 1 |
Besides its headquarters, Tieton Capital Management has 0 offices, with 1 listed address in 1 state.
Washington · 1 listed address
- 4700 Tieton Drive, Suite C, YakimaHQ
Contact and registration details
- Legal name
- Tieton Capital Management, LLC
- Headquarters
- 4700 Tieton Drive, Suite C, Yakima, WA 98908-3480
- Website
- Not reported
- Phone
- 509-965-6488
- SEC file
- 801-66657
- Structure
- Washington LLC
- Fiscal year end
- December
Tieton Capital Management’s named custodians for separately managed accounts include Charles Schwab ($90.7M, 34%), The Bank of New York Mellon ($77.9M, 29%) and State Street and Trust ($58.5M, 22%). Tieton Capital Management has custody of $25.1M for 12 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $90.7M34%
- FidelityFidelity Brokerage Services LLC · Boston, MA · $43M16%
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $77.9M29%
- State Street and TrustState Street and Trust Company · Quincy, MA · $58.5M22%
At year end, Tieton Capital Management’s separately managed accounts were mostly in stocks (92%). Its reported 13F holdings for the quarter ended 30 June 2026 total $348K across 37 positions; the largest are Enova International (7.6%), Customers Bancorp (5.8%) and El Pollo Loco Holdings (5.0%).
What the accounts hold
- Stocks92%
- Funds6%
- Cash2%
How many clients does Tieton Capital Management have?
Tieton Capital Management has 47 clients and manages $314 million for them, as of March 2026. They include 31 individual clients, 14 high-net-worth individuals and 1 investment company.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Tieton Capital Management offer?
Tieton Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Tieton Capital Management use?
Tieton Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $90.7M, The Bank of New York Mellon (New York, NY), with $77.9M, State Street and Trust Company (Quincy, MA), with $58.5M and Fidelity Brokerage Services LLC (Boston, MA), with $43M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Tieton Capital Management have?
Tieton Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Tieton Capital Management invest in?
At the end of its last fiscal year, Tieton Capital Management’s separately managed accounts held 92% exchange-traded equities, 6% registered funds (mutual funds, ETFs, BDCs) and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Tieton Capital Management?
Tieton Capital Management’s direct owners are William Dezellem (75% or more) and Matthew Dhane (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Tieton Capital Management get paid?
Tieton Capital Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Tieton Capital Management?
Tieton Capital Management’s main office is at 4700 Tieton Drive, Suite C, Yakima, WA 98908-3480. Its phone number is 509-965-6488.