Acuitas Investments, LLC

Seattle, WA · CIK 1524828 · 13F filing filed 2026-07-30

SEC-registered investment adviser since 2014 · limited liability company

Assets managed$1.5bn
Staff7 · 4 in investment roles
Main clients (by assets)State and local governments 93%, Mutual funds and ETFs 7%
Private funds2 (1 hedge) · $4.8m gross assets
Websiteacuitasinvestments.com
Form ADV · 2026-04-16SEC adviser record

Legal entityACUITAS INVESTMENTS, LLC (US)

$1.4m reported value +1.2% vs Q1 2026

7positions

100.0%in top 10

3 new 1 added 2 reduced 5 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Seven Canyons Advisors, LLC – no 13F of its own this quarter

Also in the report of:

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SCHLUMBERGER LTD COM STK SLB	SLB	8,200	$380.5k26.68%	26.68%	Unchanged
2	CVR PARTNERS LP COM UAN	UAN	3,307	$374.4k26.25%	26.25%	New
3	FIRST SOLAR INC COM FSLR	FSLR	935	$220.3k15.45%	15.45%	New
4	MARCHEX INC CL B MCHX	MCHX	102,734	$167.5k11.74%	11.74%	Reduced -31.0k	-30,968 -23.2%
5	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	44,400	$154.3k10.82%	10.82%	Added +12.5k	+12,500 39.2%
6	NEW FOUND GOLD CORP COM NFGC	NFGC	44,000	$66.9k4.69%	4.69%	Reduced -21.0k	-21,000 -32.3%
7	PERPETUA RESOURCES CORP COM PPTA	PPTA	3,000	$62.2k4.36%	4.36%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
VESTA REAL ESTATE CORP VTMX	VTMX	8,900	$296.7k8.9k shares
CRESUD S A C I F Y A CRESY	CRESY	10,000	$127.2k10.0k shares
BRBI BR PARTNERS S A BRBI	BRBI	3,000	$44.7k3.0k shares
KALTURA INC KLTR	KLTR	30,000	$36.6k30.0k shares
GODADDY INC GDDY	GDDY	400	$33.1k400 shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
HURCO CO HURC · 13G · filed 2024-11-07	HURC	6.1%≈ $9.7m		13G	2024-11-07