Nine Ten Capital Management LLC

CIK 0001635236 · Q1 2026

13F Equity AUM

$314.8M

-0.3% QoQ

Positions

0 QoQ

AUM Rank

#5,732

Top 46%

Skill Alpha (FF)

+14.8%/yr^ns

No Clear Edge

Rank #164 · Top 2%

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

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 73.6%Top 10: 100.0%Top 20: 100.0%

GPGI15.8%

CLBT15.1%

SNEX14.9%

AGYS14.8%

MGNI13.1%

WINA11.4%

IRMD10.2%

RHLD4.8%

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

Sector Allocation

Technology29.8%

Industrials20.6%

Financial Services14.9%

Communication Services13.1%

Consumer Cyclical11.4%

Healthcare10.2%

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

Position Sizing

Positions: 8Median: 13.95%Avg: 12.50%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

1(4.8%)

5%+

7(95.2%)

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

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Portfolio Overlap

Shared: 8Unique: 0vs 20 funds

0.1%Low

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.2%

STATE STREET CORP

0.2%

MORGAN STANLEY

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.2%

BANK OF AMERICA CORP /DE/

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

JPMORGAN CHASE & CO

0.1%

FMR LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased5Decreased1Exited0

Increased

CLBT15.1%

+964K(+39%)

GPGI15.8%

+486K(+20%)

MGNI13.1%

+478K(+16%)

AGYS14.8%

+290K(+80%)

SNEX14.9%

+182K(+46%)

Decreased

IRMD10.2%

-93,989(-22%)

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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