NTCM
SPNS

Nine Ten Capital Management’s Sapiens International SPNS Stock Holding History

Nine Ten Capital Management’s Portfolio SPNS Stock Details SPNS Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-1,149,230
Closed -$49.4M – 9
2025
Q3 		$49.4M Hold
1,149,230
– – 12.74% 3
2025
Q2 		$33.6M Hold
1,149,230
– – 10% 6
2025
Q1 		$31.1M Buy
1,149,230
+74,939
+7% +$2.02M 11.62% 5
2024
Q4 		$28.9M Buy
1,074,291
+155,880
+17% +$4.98M 8.24% 6
2024
Q3 		$34.2M Buy
918,411
+186,184
+25% +$6.78M 10.34% 5
2024
Q2 		$24.8M Buy
732,227
+567,564
+345% +$18.5M 9.56% 5
2024
Q1 		$5.3M Buy
+164,663
New +$4.78M 1.61% 13

Other funds holding SPNS

OBAM
ODDO BHF Asset Management Paris, France $2.54B AUM 41.83% 1-Year Est. Return
KC
Kryger Capital London, United Kingdom $1.41B AUM 86.31% 1-Year Est. Return
N
Nuveen Charlotte, North Carolina $369B AUM 31.66% 1-Year Est. Return
XT
XTX Topco George Town, Cayman Islands $5.75B AUM 30.56% 1-Year Est. Return
Mercer Global Advisors
Mercer Global Advisors Denver, Colorado $67.6B AUM 18.3% 1-Year Est. Return
CIC
Crawford Investment Counsel Atlanta, Georgia $5.85B AUM 12.61% 1-Year Est. Return
BIG
Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return
Russell Investments Group
Russell Investments Group London, United Kingdom $93.1B AUM 28.26% 1-Year Est. Return
GI
GAMMA Investing Foster City, California $2.69B AUM 42.78% 1-Year Est. Return
VCM
Versant Capital Management Phoenix, Arizona $1.12B AUM 34.21% 1-Year Est. Return

Nine Ten Capital Management's SPNS Position: Q4 2025 in Review

Nine Ten Capital Management sold out of Sapiens International (SPNS) in Q4 2025, closing a stake of 1,149,230 shares — an estimated $49.4M sold.

Nine Ten Capital Management first reported a position in SPNS in Q1 2024 and held it in 7 quarters. The position peaked at $49.4M in Q3 2025. 32 funds tracked by Wall St. Rank hold SPNS as of Q4 2025.

  • Nine Ten Capital Management reported no remaining Sapiens International position as of Q4 2025 after selling out during the quarter.
  • Nine Ten Capital Management sold 1,149,230 Sapiens International shares in Q4 2025, an estimated $49.4M.
  • Nine Ten Capital Management first reported a position in Sapiens International in Q1 2024 and held it in 7 quarters.
  • Nine Ten Capital Management's Sapiens International position peaked at $49.4M in Q3 2025.
  • 32 funds tracked by Wall St. Rank held Sapiens International as of Q4 2025.

Based on Nine Ten Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.