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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
-0.19%
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
$328M
AUM Growth
-$69.3M
(-17%)
Cap. Flow
-$58.3M
Cap. Flow
% of AUM
-17.74%
Top 10 Holdings %
Top 10 Hldgs %
93.42%
Holding
15
New
2
Increased
4
Reduced
7
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
XPEL
XPEL
|
+$8.88M |
| 2 |
Cogent Communications
CCOI
|
+$6.83M |
| 3 |
SPNS
Sapiens International
SPNS
|
+$4.78M |
| 4 |
NVEE
NV5 Global
NVEE
|
+$1.13M |
| 5 |
Franklin Covey
FC
|
+$834K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MASI
Masimo
MASI
|
+$19.2M |
| 2 |
StoneX
SNEX
|
+$14.1M |
| 3 |
Agilysys
AGYS
|
+$12M |
| 4 |
OLO
Olo Inc
OLO
|
+$11.4M |
| 5 |
WOW
WideOpenWest
WOW
|
+$9.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.31% |
| 2 | Financials | 15.93% |
| 3 | Consumer Discretionary | 15.78% |
| 4 | Communication Services | 14.02% |
| 5 | Healthcare | 10.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
StoneX
SNEX
$8.99B
| $52.3M | 15.93% |
2,513,025
-705,804
| -22% | -$14.1M |
|
|
2
Agilysys
AGYS
$3.12B
| $41.9M | 12.76% |
497,427
-148,962
| -23% | -$12M |
|
3
Magnite
MGNI
$2.82B
| $39.9M | 12.16% |
3,714,398
-418,235
| -10% | -$4.18M |
|
4
Cellebrite
CLBT
$3.7B
| $38.5M | 11.71% |
3,471,198
-235,000
| -6% | -$2.4M |
|
5
iRadimed
IRMD
$1.21B
| $35.6M | 10.84% |
809,366
+10,000
| +1% | +$442K |
|
6
Winmark
WINA
$1.24B
| $27M | 8.22% |
74,632
-7,198
| -9% | -$2.64M |
|
|
7
XPEL
XPEL
$1.21B
| $24.8M | 7.56% |
459,511
+169,513
| +58% | +$8.88M |
|
|
8
Franklin Covey
FC
$248M
| $19.6M | 5.98% |
500,390
+20,928
| +4% | +$834K |
|
|
NVEE
9
DELISTED
NV5 Global
NVEE
| $16.9M | 5.13% |
688,064
+43,348
| +7% | +$1.13M |
|
|
OLO
10
DELISTED
Olo Inc
OLO
| $10.2M | 3.11% |
1,861,663
-2,089,937
| -53% | -$11.4M |
|
11
SoundThinking
SSTI
$110M
| $10.2M | 3.1% |
641,932
-288,750
| -31% | -$5.51M |
|
|
12
Cogent Communications
CCOI
$649M
| $6.12M | 1.86% |
+93,612
| New | +$6.83M |
|
|
SPNS
13
DELISTED
Sapiens International
SPNS
| $5.3M | 1.61% |
+164,663
| New | +$4.78M |
|
|
MASI
14
DELISTED
Masimo
MASI
| – | – |
-163,925
| Closed | -$19.2M |
|
|
WOW
15
DELISTED
WideOpenWest
WOW
| – | – |
-2,377,530
| Closed | -$9.63M |
|
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Nine Ten Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Nine Ten Capital Management held 15 positions worth $328M, down 17% from $398M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Nine Ten Capital Management withdrew a net $58.3M in Q1 2024, closing 2 positions and reducing 7 holdings. Its most notable exit was Masimo, an estimated $19.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 34% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Nine Ten Capital Management opened a new position in Cogent Communications worth $6.12M.
- Nine Ten Capital Management's largest Q1 2024 buy was Cogent Communications: 93,612 shares worth $6.12M.
- Nine Ten Capital Management added most to XPEL in Q1 2024, an estimated $8.88M increase.
- Nine Ten Capital Management's biggest Q1 2024 reduction was StoneX, cutting an estimated $14.1M.
- Nine Ten Capital Management fully exited Masimo in Q1 2024, selling an estimated $19.2M.
- Nine Ten Capital Management's ten largest holdings make up 93% of its $328M portfolio in Q1 2024.
- Nine Ten Capital Management opened 2 new positions and closed 2 in Q1 2024.
- Nine Ten Capital Management's portfolio value fell 17% quarter-over-quarter to $328M.
Based on Nine Ten Capital Management's 13F filing for Q1 2024, filed 15 May 2024.