Nine Ten Capital Management LLC

CIK 0001635236 · Q2 2026

13F Equity AUM

$321.3M

+2.1% QoQ

Positions

0 QoQ

AUM Rank

#6,338

Top 51%

Skill Alpha (FF)

+12.3%/yr^ns

No Clear Edge

Rank #290 · Top 4%

vs S&P +7.6%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 85.1%Top 10: 100.0%Top 20: 100.0%

AGYS21.3%

MGNI19.3%

CLBT18.8%

GPGI14.7%

WINA11.0%

IRMD7.6%

RHLD4.2%

SNEX3.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology40.1%

Communication Services19.3%

Industrials18.9%

Consumer Cyclical11.0%

Healthcare7.6%

Financial Services3.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 8Median: 12.87%Avg: 12.50%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

2(7.3%)

5%+

6(92.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 8vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased3Decreased3Exited0

Increased

CLBT18.8%

+683K(+20%)

GPGI14.7%

+80K(+3%)

AGYS21.3%

+2K(+0%)

Decreased

SNEX3.1%

-495,300(-85%)

MGNI19.3%

-220,000(-6%)

IRMD7.6%

-77,926(-23%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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