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NTCM
Nine Ten Capital Management Portfolio holdings
AUM
$315M
1-Year Est. Return
62.95%
This Fund
S&P 500
This Quarter
Est. Return
-32.14%
1 Year Est. Return
+62.95%
3 Year Est. Return
+88.95%
5 Year Est. Return
+99.78%
10 Year Est. Return
+1,599.35%
AUM
$236M
AUM Growth
-$165M
(-41%)
Cap. Flow
-$45.6M
Cap. Flow
% of AUM
-19.35%
Top 10 Holdings %
Top 10 Hldgs %
98.49%
Holding
12
New
–
Increased
7
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PAR Technology
PAR
|
+$33.5M |
| 2 |
Agilysys
AGYS
|
+$13.8M |
| 3 |
StoneX
SNEX
|
+$7.83M |
| 4 |
TLRA
Telaria, Inc.
TLRA
|
+$6.44M |
| 5 |
iRadimed
IRMD
|
+$3.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
INST
Instructure, Inc.
INST
|
+$95.6M |
| 2 |
TechTarget
TTGT
|
+$11.3M |
| 3 |
Winmark
WINA
|
+$3.51M |
| 4 |
Trupanion
TRUP
|
+$1.38M |
| 5 |
SI-BONE Inc
SIBN
|
+$440K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 48.36% |
| 2 | Consumer Discretionary | 17.17% |
| 3 | Technology | 16.67% |
| 4 | Healthcare | 11.98% |
| 5 | Communication Services | 5.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Trupanion
TRUP
$1.13B
| $81M | 34.39% |
3,111,601
-44,220
| -1% | -$1.38M |
|
|
2
Winmark
WINA
$1.2B
| $40.4M | 17.17% |
317,367
-18,710
| -6% | -$3.51M |
|
|
3
StoneX
SNEX
$8.72B
| $32.9M | 13.97% |
4,593,662
+882,794
| +24% | +$7.83M |
|
|
HSKA
4
DELISTED
Heska Corp
HSKA
| $18.7M | 7.96% |
338,862
+4,178
| +1% | +$378K |
|
|
5
PAR Technology
PAR
$716M
| $16.7M | 7.11% |
1,301,221
+1,280,619
| +6,216% | +$33.5M |
|
|
TLRA
6
DELISTED
Telaria, Inc.
TLRA
| $13.7M | 5.82% |
2,286,257
+649,165
| +40% | +$6.44M |
|
|
7
Agilysys
AGYS
$3.21B
| $9.87M | 4.19% |
591,108
+502,917
| +570% | +$13.8M |
|
8
SoundThinking
SSTI
$108M
| $7.41M | 3.15% |
269,590
+38,200
| +17% | +$1.15M |
|
|
9
iRadimed
IRMD
$1.2B
| $5.92M | 2.51% |
277,088
+146,816
| +113% | +$3.5M |
|
|
10
TechTarget
TTGT
$327M
| $5.24M | 2.22% |
254,239
-473,489
| -65% | -$11.3M |
|
|
11
SI-BONE Inc
SIBN
$818M
| $3.55M | 1.51% |
297,139
-23,945
| -7% | -$440K |
|
|
INST
12
DELISTED
Instructure, Inc.
INST
| – | – |
-1,982,558
| Closed | -$95.6M |
|
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Nine Ten Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Nine Ten Capital Management held 12 positions worth $236M, down 41% from $400M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Nine Ten Capital Management withdrew a net $45.6M in Q1 2020, closing 1 position and reducing 4 holdings. Its most notable exit was Instructure, Inc., an estimated $95.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 48% of assets, up from 38% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Nine Ten Capital Management added an estimated $33.5M to PAR Technology.
- Nine Ten Capital Management added most to PAR Technology in Q1 2020, an estimated $33.5M increase.
- Nine Ten Capital Management's biggest Q1 2020 reduction was TechTarget, cutting an estimated $11.3M.
- Nine Ten Capital Management fully exited Instructure, Inc. in Q1 2020, selling an estimated $95.6M.
- Nine Ten Capital Management's ten largest holdings make up 98% of its $236M portfolio in Q1 2020.
- Nine Ten Capital Management opened 0 new positions and closed 1 in Q1 2020.
- Nine Ten Capital Management's portfolio value fell 41% quarter-over-quarter to $236M.
Based on Nine Ten Capital Management's 13F filing for Q1 2020, filed 15 May 2020.