1y return+9.5%S&P 500 +20.9%
3y return+47.4%S&P 500 +68.5%
5y return+28.6%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2020: $261 against $242 in the S&P 500.2
Acuitas Investments, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SLBSlb Limited | $380K | 26.7% | |
| UANCvr Partners Lp/cvr Nitrogen | $374K | 26.3% | New |
| FSLRFirst Solar Inc | $220K | 15.5% | New |
| MCHXMarchex Inc | $167K | 11.7% | −23.2% |
| BBDBanco Bradesco S A | $154K | 10.8% | +39.2% |
| NFGCNew Found Gold Corp | $67K | 4.7% | −32.3% |
| PPTAPerpetua Resources Corp | $62K | 4.4% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MCHXMarchex Inc | March 31, 2026 | +3.9% | $167K |
| BBDBanco Bradesco S A | March 31, 2026 | −4.9% | $154K |
| SLBSlb Limited | March 31, 2026 | −9.5% | $380K |
| NFGCNew Found Gold Corp | March 31, 2026 | −20.6% | $67K |
Sold off last quarter
- VTMXVesta Real Estate Corp was $297K
- CRESYCresud S A C I F Y A was $127K
- BRBIBrbi Br Partners Sa was $45K
- KLTRKaltura Inc was $37K
- GDDYGodaddy Inc was $33K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −5.5% | +14.8% |
| March 31, 2026 | −7.0% | −4.6% |
| December 31, 2025 | +1.6% | +2.4% |
| September 30, 2025 | +22.7% | +7.8% |
| June 30, 2025 | +14.8% | +10.5% |
| March 31, 2025 | −11.8% | −4.6% |
| December 31, 2024 | +10.1% | +2.1% |
| September 30, 2024 | +10.1% | +5.4% |
| June 30, 2024 | −3.5% | +4.0% |
| March 31, 2024 | +6.0% | +10.0% |
| December 31, 2023 | +8.9% | +11.2% |
| September 30, 2023 | −1.7% | −3.6% |
| June 30, 2023 | +6.6% | +8.3% |
| March 31, 2023 | +3.5% | +7.0% |
| December 31, 2022 | +17.6% | +7.1% |
| September 30, 2022 | −9.3% | −5.3% |
| June 30, 2022 | −19.2% | −16.5% |
| March 31, 2022 | −5.6% | −4.9% |
| December 31, 2021 | +4.4% | +10.7% |
| September 30, 2021 | −6.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Acuitas Investments, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1524828&type=13F-HR&dateb=&owner=include&count=40CIK 1524828
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1524828/000194104026000491/Filed July 30, 2026 · accession 0001941040-26-000491