Stocks/Funds/CIK 1524828

Acuitas Investments, LLC

microcap filerconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1524828
Assets
$1M
-98.8% YoY
Holdings
9
Lifetime alpha vs market
-4.09% annual
Average hold time
0.4 yr
median 0.3 yr

Quarterly history

Cum return +29% vs S&P +52% · α -23% lifetimeAUM $1M · peak $235MFlow $1M (+174%)2018-032020-092021-092022-092023-092024-092025-092026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+1.77%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.17%
baseline attrition
Rally response
-9.84%
trims into rallies
when a holding rises +10%+

Top positions · 9

Ticker$ value% portYoYHold time
SLBSLB N.V.$0M29.9%+26.7%0.3 yr
VTMXCorporación Inmobiliari$0M21.1%+50.3%0.8 yr
MCHXMarchex, Inc.$0M14.7%-4.9%0.8 yr
CRESYCresud Sociedad Anónima$0M9.0%0.3 yr
NFGCNew Found Gold Corp.$0M8.9%+61.7%0.3 yr
BBDBanco Bradesco S.A.$0M8.3%+70.3%0.5 yr
BRBIBRBI BR Partners S.A. AD$0M3.2%0.3 yr
KLTRKaltura, Inc.$0M2.6%-35.1%0.3 yr
GDDYGoDaddy Inc.$0M2.3%-54.1%0.3 yr

Portfolio composition (YoY)

Industry mix
Oil & Gas Equipment & Services29.9%+14.5pp$0M
Real Estate - Services21.1%+20.5pp$0M
Advertising Agencies14.7%$0M
Conglomerates9.0%+6.3pp$0M
Gold8.9%+6.2pp$0M
Banks - Regional8.3%+2.0pp$0M
Software - Infrastructure4.9%+4.4pp$0M
Asset Management3.2%$0M
Country
US49.5%-25.4pp
MX21.1%+20.2pp
BR11.4%
AR9.0%
CA8.9%-0.7pp
Top 5: 83.6% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
VTMX$1M+0.00B50.3%

Losers

TickerPrev $PnLYoY %

Top buys this quarter · 8

SLB SLB N.V.new+$0M
MCHX Marchex, Inc.+$0M
NFGC New Found Gold Corp.new+$0M
BRBI BRBI BR Partners S.A. ADSsnew+$0M
KLTR Kaltura, Inc.new+$0M
GDDY GoDaddy Inc.new+$0M
BBD Banco Bradesco S.A.+$0M
CRESY Cresud Sociedad Anónima, Comenew+$0M

Top sells this quarter · 2

VTMX Corporación Inmobiliaria Vest$1M
RDCM RADCOM Ltd.exit$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$1M9+44.99%+17.59%+27.40%+0.00B
2025-12-31$0M1+18.51%+17.72%+0.79%-0.16B
2025-09-30$156M52+7.31%+17.52%-10.21%+0.01B
2025-06-30$126M53+4.92%+14.94%-10.02%-0.01B
2025-03-31$117M66-17.90%+8.30%-26.21%+0.01B
2024-12-31$122M63-4.80%+24.89%-29.69%-0.08B
2024-09-30$224M117+13.63%+36.04%-22.41%+0.01B
2024-06-30$187M118-2.85%+24.49%-27.34%+0.01B
2024-03-31$198M123+17.82%+29.62%-11.80%+0.00B
2023-12-31$189M114+16.91%+26.18%-9.27%+0.00B
2023-09-30$170M115+25.33%+21.57%+3.76%+0.00B
2023-06-30$172M106+21.81%+19.42%+2.39%+0.07B
2023-03-31$97M41-8.17%-7.82%-0.35%-0.00B
2022-12-31$94M38+17.46%+7.56%+9.90%-0.01B
2022-09-30$92M40-5.03%-4.93%-0.10%-0.01B
2022-06-30$104M41-20.08%-16.11%-3.97%+0.02B