We are live on ! Find out more
NTCM

Nine Ten Capital Management Portfolio holdings

AUM $315M
1-Year Est. Return 62.95%
This Fund
S&P 500
This Quarter Est. Return
-9.96%
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
$268M
AUM Growth
-$82.4M
Cap. Flow
-$43.4M
Cap. Flow %
-16.22%
Top 10 Hldgs %
98.82%
Holding
12
New
1
Increased
3
Reduced
6
Closed
1

Top Buys

Rank Stock Value
1
AGYS icon
Agilysys
AGYS
+$13M
2
GPGI
GPGI Inc
GPGI
+$7.8M
3
RHLD
Resolute Holdings Management
RHLD
+$4.65M
4
SPNS
Sapiens International
SPNS
+$2.02M

Top Sells

Rank Stock Value
1
CLBT icon
Cellebrite
CLBT
+$33.8M
2
FC icon
Franklin Covey
FC
+$10M
3
XPEL icon
XPEL
XPEL
+$7.62M
4
MGNI icon
Magnite
MGNI
+$6.08M
5
NVEE
NV5 Global
NVEE
+$6.04M

Sector Composition

Rank Sector Weight
1 Technology 34.24%
2 Healthcare 17.08%
3 Financials 14.61%
4 Communication Services 11.65%
5 Industrials 11.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IRMD icon
1
iRadimed
IRMD
$1.21B
$45.8M 17.08%
872,003
-33,923
-4% -$1.91M
SNEX icon
2
StoneX
SNEX
$8.99B
$39.1M 14.61%
1,153,094
-161,438
-12% -$5.41M
CLBT icon
3
Cellebrite
CLBT
$3.7B
$38.8M 14.5%
1,999,034
-1,606,570
-45% -$33.8M
MGNI icon
4
Magnite
MGNI
$2.82B
$31.2M 11.65%
2,734,830
-381,019
-12% -$6.08M
SPNS
5
DELISTED
Sapiens International
SPNS
$31.1M 11.62%
1,149,230
+74,939
+7% +$2.02M
WINA icon
6
Winmark
WINA
$1.24B
$26.7M 9.95%
83,900
– –
AGYS icon
7
Agilysys
AGYS
$3.12B
$21.8M 8.13%
300,239
+142,100
+90% +$13M
GPGI
8
GPGI Inc
GPGI
$4.23B
$18.8M 7.02%
1,729,359
+635,732
+58% +$7.8M
NVEE
9
DELISTED
NV5 Global
NVEE
$7.32M 2.73%
379,852
-330,000
-46% -$6.04M
RHLD
10
Resolute Holdings Management
RHLD
$1.1B
$4.11M 1.53%
+131,196
New +$4.65M
FC icon
11
Franklin Covey
FC
$248M
$3.17M 1.18%
114,818
-303,348
-73% -$10M
XPEL icon
12
XPEL
XPEL
$1.21B
– –
-190,716
Closed -$7.62M

Similar funds

SAMC
Spectrum Asset Management (California) Newport Beach, California $315M AUM 19.93% 1-Year Est. Return
KHCM
Kirtland Hills Capital Management Bratenahl, Ohio $315M AUM 20.4% 1-Year Est. Return
EP
Essential Planning Portsmouth, New Hampshire $315M AUM 11.68% 1-Year Est. Return
OIC
Orion Investment Company St. Louis, Missouri $315M AUM 45.8% 1-Year Est. Return
WIC
Whitegate Investment Counselors Concord, New Hampshire $315M AUM 10.6% 1-Year Est. Return
EWA
ERTS Wealth Advisors Marquette, Michigan $314M AUM 10.65% 1-Year Est. Return
WA
Waterford Advisors Orchard Park, New York $315M AUM 15.21% 1-Year Est. Return
TF
Tandem Financial Greenwood Village, Colorado $314M AUM 25.09% 1-Year Est. Return

Nine Ten Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Nine Ten Capital Management held 12 positions worth $268M, down 24% from $350M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Nine Ten Capital Management withdrew a net $43.4M in Q1 2025, closing 1 position and reducing 6 holdings. Its most notable exit was XPEL, an estimated $7.62M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 37% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Nine Ten Capital Management opened a new position in Resolute Holdings Management worth $4.11M.

  • Nine Ten Capital Management's largest Q1 2025 buy was Resolute Holdings Management: 131,196 shares worth $4.11M.
  • Nine Ten Capital Management added most to Agilysys in Q1 2025, an estimated $13M increase.
  • Nine Ten Capital Management's biggest Q1 2025 reduction was Cellebrite, cutting an estimated $33.8M.
  • Nine Ten Capital Management fully exited XPEL in Q1 2025, selling an estimated $7.62M.
  • Nine Ten Capital Management's ten largest holdings make up 99% of its $268M portfolio in Q1 2025.
  • Nine Ten Capital Management opened 1 new position and closed 1 in Q1 2025.
  • Nine Ten Capital Management's portfolio value fell 24% quarter-over-quarter to $268M.

Based on Nine Ten Capital Management's 13F filing for Q1 2025, filed 15 May 2025.