Acuitas Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ALEXANDER & BALDWIN INC NEW	COM	014491104	4,201,670	222,193	SH		OTR	1	0	222,193	0
ANDERSONS INC	COM	034164103	1,578,011	38,190	SH		OTR	1	0	38,190	0
BANCORP INC DEL	COM	05969A105	3,528,344	126,691	SH		OTR	1	0	126,691	0
CHICOS FAS INC	COM	168615102	3,043,249	553,318	SH		OTR	1	0	553,318	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C201	1,699,458	141,151	SH		OTR	1	0	141,151	0
DRIL-QUIP INC	COM	262037104	1,013,646	35,331	SH		OTR	1	0	35,331	0
ETON PHARMACEUTICALS INC	COM	29772L108	1,804,445	468,687	SH		OTR	1	0	468,687	0
HAYNES INTL INC	COM NEW	420877201	2,119,959	42,323	SH		OTR	1	0	42,323	0
HELIX ENERGY SOLUTIONS GRP I	COM	42330P107	2,885,000	372,739	SH		OTR	1	0	372,739	0
NATURAL GAS SVCS GROUP INC	COM	63886Q109	2,205,453	213,914	SH		OTR	1	0	213,914	0
NORTH AMERN CONSTR GROUP LTD	COM	656811106	1,137,621	68,121	SH		OTR	1	0	68,121	0
NATURAL GROCERS BY VITAMIN C	COM	63888U108	3,048,197	259,421	SH		OTR	1	0	259,421	0
ORION ENERGY SYS INC	COM	686275108	2,314,470	1,140,133	SH		OTR	1	0	1,140,133	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	3,177,605	200,860	SH		OTR	1	0	200,860	0
POWELL INDS INC	COM	739128106	2,187,721	51,367	SH		OTR	1	0	51,367	0
PETIQ INC	COM CL A	71639T106	1,297,937	113,456	SH		OTR	1	0	113,456	0
RED ROBIN GOURMET BURGERS IN	COM	75689M101	4,597,207	321,034	SH		OTR	1	0	321,034	0
SALLY BEAUTY HLDGS INC	COM	79546E104	2,944,978	189,023	SH		OTR	1	0	189,023	0
SKYWEST INC	COM	830879102	3,009,954	135,767	SH		OTR	1	0	135,767	0
SOLARIS OILFIELD INFRASTRUCT	COM CL A	83418M103	2,538,524	297,251	SH		OTR	1	0	297,251	0
STERLING INFRASTRUCTURE INC	COM	859241101	3,047,825	80,460	SH		OTR	1	0	80,460	0
TASEKO MINES LTD	COM	876511106	3,245,152	1,954,911	SH		OTR	1	0	1,954,911	0
TEJON RANCH CO	COM	879080109	4,527,343	247,802	SH		OTR	1	0	247,802	0
TRUECAR INC	COM	89785L107	2,265,882	985,166	SH		OTR	1	0	985,166	0
UNIVERSAL TECHNICAL INST INC	COM	913915104	4,424,967	599,589	SH		OTR	1	0	599,589	0
XOMA CORP DEL	COM NEW	98419J206	1,834,522	86,903	SH		OTR	1	0	86,903	0
YATRA ONLINE INC	ORD SHS	G98338109	4,075,466	1,787,485	SH		OTR	1	0	1,787,485	0
ABCAM PLC	ADS	000380204	1,382,342	102,700	SH		OTR	2	0	102,700	0
CONTROLADORA VUELA COMP DE A	SPON ADR RP 10	21240E105	2,837,415	228,088	SH		OTR	2	0	228,088	0
EVERSPIN TECHNOLOGIES INC	COM	30041T104	265,590	39,000	SH		OTR	2	0	39,000	0
FIVE9 INC	COM	338307101	426,511	5,900	SH		OTR	2	0	5,900	0
OOMA INC	COM	683416101	58,797	4,700	SH		OTR	2	0	4,700	0
RICHARDSON ELECTRS LTD	COM	763165107	1,095,912	49,100	SH		OTR	2	0	49,100	0
RUSH ENTERPRISES INC	CL A	781846209	185,640	3,400	SH		OTR	2	0	3,400	0
SECURITY NATL FINL CORP	CL A NEW	814785309	120,862	19,400	SH		OTR	2	0	19,400	0
SEMLER SCIENTIFIC INC	COM	81684M104	479,720	17,900	SH		OTR	2	0	17,900	0
FRANKLIN COVEY CO	COM	353469109	4,938,971	128,385	SH		OTR	3	0	128,385	0
ITERIS INC NEW	COM	46564T107	2,310,242	492,589	SH		OTR	3	0	492,589	0
NVE CORP	COM NEW	629445206	968,244	11,667	SH		OTR	3	0	11,667	0
SILICOM LTD	ORD	M84116108	6,545,057	174,628	SH		OTR	3	0	174,628	0
WEAVE COMMUNICATIONS INC	COM	94724R108	1,413,458	284,398	SH		OTR	3	0	284,398	0