Nine Ten Capital Management LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $480,553,393 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $445,447,429 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $471,782,287 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $687,438,554 | Pooled investment vehicles (100%) |
| Apr 2023 | $687,438,554 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $1,078,097,922 | Pooled investment vehicles (100%) |
In the firm's words
- Fundamental active:
The Fund intends to undertake a qualitative assessment of company competitiveness, management capital allocation and execution ability when selecting investments.
- Quantitative / systematic:
Quantitative analysis is then intended to supplement this assessment when a variance between appraisal and market price has been discerned.
- Value:
The Adviser’s approach is to identify value through “bottoms-up” research, primary due diligence involving extensive use of consultants, industry contacts, customers, resellers and others who can provide insight into the working of the business.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the S&P SmallCap 600 as of 2026-06-30, active share 99.3%; sector active share 35.7% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
8 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 40.1% | $128,752,504 |
| Communication Services | 19.3% | $61,899,151 |
| Industrials | 18.9% | $60,743,421 |
| Consumer Cyclical | 11.0% | $35,399,526 |
| Healthcare | 7.6% | $24,517,064 |
| Financial Services | 3.1% | $10,034,461 |
Last Quarter's Activity
Export CSVNew Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AGYS |
Agilysys Inc
Technology
|
Added | 655,513 | $68,501,108 | 21.32% | |
| MGNI |
Magnite, Inc.
Communication Services
|
Reduced | 3,261,283 | $61,899,151 | 19.26% | |
| CLBT |
Cellebrite DI Ltd.
Technology
|
Added | 4,126,808 | $60,251,396 | 18.75% | |
| GPGI |
GPGI, Inc.
Industrials
|
Added | 2,984,544 | $47,305,022 | 14.72% | |
| WINA |
Winmark Corp
Consumer Cyclical
|
Held | 83,671 | $35,399,526 | 11.02% | |
| IRMD |
Iradimed Corp
Healthcare
|
Reduced | 256,562 | $24,517,064 | 7.63% | |
| RHLD |
Resolute Holdings Management, Inc.
Industrials
|
Held | 92,980 | $13,438,399 | 4.18% | |
| SNEX |
StoneX Group Inc.
Financial Services
|
Reduced | 84,679 | $10,034,461 | 3.12% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.