Latest Nine Ten Capital Management LLC Stock Portfolio

Nine Ten Capital Management LLC Performance:

2025 Q4: 1.21%YTD: 30.89%2024: 14.14%

Performance for 2025 Q4 is 1.21%, and YTD is 30.89%, and 2024 is 14.14%.

About Nine Ten Capital Management LLC and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Nine Ten Capital Management LLC reported an equity portfolio of $315.8 Millions as of 31 Dec, 2025.

The top stock holdings of Nine Ten Capital Management LLC are MGNI, CMPO, CLBT. The fund has invested 15.4% of it's portfolio in MAGNITE INC and 14.8% of portfolio in COMPOSECURE INC.

The fund managers got completely rid off SAPIENS INTL CORP N V (SPNS) stocks. They significantly reduced their stock positions in IRADIMED CORP (IRMD), RESOLUTE HLDGS MGMT INC and STONEX GROUP INC (SNEX). The fund showed a lot of confidence in some stocks as they added substantially to COMPOSECURE INC (CMPO) and MAGNITE INC (MGNI).

Nine Ten Capital Management LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Nine Ten Capital Management LLC made a return of 1.21% in the last quarter. In trailing 12 months, it's portfolio return was 30.89%.

Performance
S&P 500

New Buys

No new stocks were added by Nine Ten Capital Management LLC

Additions

Ticker	% Inc.
composecure inc	13.92
magnite inc	5.07

Additions to existing portfolio by Nine Ten Capital Management LLC

Reductions

Ticker	% Reduced
iradimed corp	-44.45
resolute hldgs mgmt inc	-26.66
stonex group inc	-4.79
winmark corp	-0.27

Nine Ten Capital Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
sapiens intl corp n v	-49,417,000

Nine Ten Capital Management LLC got rid off the above stocks

Sector Distribution

Nine Ten Capital Management LLC has about 20.2% of it's holdings in Others sector.

Sector	%
Others	20.2
Communication Services	15.4
Industrials	14.8
Technology	13.7
Healthcare	13.2
Financial Services	12
Consumer Cyclical	10.7

Market Cap. Distribution

Nine Ten Capital Management LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	40.4
SMALL-CAP	39.4
UNALLOCATED	20.2

Stocks belong to which Index?

About 79.8% of the stocks held by Nine Ten Capital Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	79.8
Others	20.2

Top 5 Winners (%)		%
	resolute hldgs mgmt inc	161.3 %
IRMD	iradimed corp	28.6 %
AGYS	agilysys inc	12.9 %

Top 5 Winners ($)		$
IRMD	iradimed corp	15.7 M
	resolute hldgs mgmt inc	14.8 M
AGYS	agilysys inc	4.9 M

Top 5 Losers (%)		%
MGNI	magnite inc	-25.0 %
WINA	winmark corp	-18.6 %
CMPO	composecure inc	-7.0 %
SNEX	stonex group inc	-5.6 %
CLBT	cellebrite di ltd	-2.7 %

Top 5 Losers ($)		$
MGNI	magnite inc	-16.3 M
WINA	winmark corp	-7.8 M
CMPO	composecure inc	-3.5 M
SNEX	stonex group inc	-2.4 M
CLBT	cellebrite di ltd	-1.2 M

Nine Ten Capital Management LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Nine Ten Capital Management LLC

Nine Ten Capital Management LLC has 8 stocks in it's portfolio. MGNI proved to be the most loss making stock for the portfolio. IRMD was the most profitable stock for Nine Ten Capital Management LLC last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AGYS	agilysys inc	13.67	363,239	43,167,000	unchanged	0.00

CLBT	cellebrite di ltd	14.16	2,479,730	44,709,000	unchanged	0.00

CMPO	composecure inc	14.77	2,418,900	46,636,000	added	13.92

IRMD	iradimed corp	13.20	428,477	41,682,000	reduced	-44.45

MGNI	magnite inc	15.44	3,003,580	48,748,000	added	5.07

SNEX	stonex group inc	11.97	397,486	37,813,000	reduced	-4.79

SPNS	sapiens intl corp n v	0.00	0.00	0.00	sold off	-100

WINA	winmark corp	10.73	83,671	33,882,000	reduced	-0.27

	resolute hldgs mgmt inc	6.08	92,980	19,194,000	reduced	-26.66