Nine Ten Capital Management’s Liberty Tax, Inc. Class A TAX Stock Holding History

Nine Ten Capital Management’s Portfolio TAX Stock Details TAX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-347,311	Closed	-$4.44M	–	12
2016 Q3	$4.44M	Sell	347,311 -669,149	-66%	-$9.05M	1.53%	10
2016 Q2	$13.5M	Sell	1,016,460 -130,724	-11%	-$1.74M	5.01%	9
2016 Q1	$22.5M	Buy	1,147,184 +20,630	+2%	+$391K	8.59%	4
2015 Q4	$26.8M	Buy	1,126,554 +20,176	+2%	+$459K	11.56%	4
2015 Q3	$25.8M	Buy	1,106,378 +57,552	+5%	+$1.4M	11.6%	4
2015 Q2	$26M	Buy	1,048,826 +40,960	+4%	+$1.03M	9.17%	4
2015 Q1	$28M	Buy	+1,007,866	New	+$32.8M	9.19%	4

Other funds holding TAX

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

RCM

Rutabaga Capital Management Boston, Massachusetts $115M AUM 11.85% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

TCM

Tieton Capital Management Yakima, Washington $299M AUM 54.55% 1-Year Est. Return

SBCM

Schwerin Boyle Capital Management Springfield, Massachusetts $788M AUM 13.82% 1-Year Est. Return

Continental Advisors Park City, Utah $237M AUM 21.65% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

KCM

Kennedy Capital Management St Louis, Missouri $4.72B AUM 36.69% 1-Year Est. Return

NS Advisors Westport, Connecticut $71M AUM 25.21% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Nine Ten Capital Management's TAX Position: Q4 2016 in Review

Nine Ten Capital Management sold out of Liberty Tax, Inc. Class A (TAX) in Q4 2016, closing a stake of 347,311 shares — an estimated $4.44M sold.

Nine Ten Capital Management first reported a position in TAX in Q1 2015 and held it in 7 quarters. The position peaked at $28M in Q1 2015. 62 funds tracked by Wall St. Rank hold TAX as of Q4 2016.

Nine Ten Capital Management reported no remaining Liberty Tax, Inc. Class A position as of Q4 2016 after selling out during the quarter.
Nine Ten Capital Management sold 347,311 Liberty Tax, Inc. Class A shares in Q4 2016, an estimated $4.44M.
Nine Ten Capital Management first reported a position in Liberty Tax, Inc. Class A in Q1 2015 and held it in 7 quarters.
Nine Ten Capital Management's Liberty Tax, Inc. Class A position peaked at $28M in Q1 2015.
62 funds tracked by Wall St. Rank held Liberty Tax, Inc. Class A as of Q4 2016.

Based on Nine Ten Capital Management's 13F filing for Q4 2016, filed 16 Feb 2017.