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Nine Ten Capital Management LLC

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13F filer, CIK 1635236, CHICAGO, IL

Nine Ten Capital Management LLC reported $336,120,000 across 9 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-002047

Period
2025-06-30
Reported value
$336M
Holdings
9
Top 10 weight
100%
New
0
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AGYSadded+63,000$7.22M
GPGIadded+364,646$5.14M
MGNIadded+123,753$2.98M
CLBTadded+122,500$1.96M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NV5 HOLDINGS, INCexited-379,852-$7.32M
SNEXreduced-68,500-$6.24M
FCexited-114,818-$3.17M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001420506-25-002047, largest first. % of portfolio is the value over $336,120,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MGNIMAGNITE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,621,866 shares; 2024Q4: 3,115,849 shares; 2025Q1: 2,734,830 shares; 2025Q2: 2,858,583 shares 2,858,583$68.9M20.51%+123,753Timeline
IRMDIRADIMED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 905,926 shares; 2024Q4: 905,926 shares; 2025Q1: 872,003 shares; 2025Q2: 872,003 shares 872,003$52.1M15.51%0Timeline
AGYSAGILYSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 249,460 shares; 2024Q4: 158,139 shares; 2025Q1: 300,239 shares; 2025Q2: 363,239 shares 363,239$41.6M12.39%+63,000Timeline
SNEXSTONEX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 470,491 shares; 2024Q4: 389,491 shares; 2025Q1: 512,486 shares; 2025Q2: 443,986 shares 443,986$40.5M12.04%-68,500Timeline
CLBTCELLEBRITE DI LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,326,798 shares; 2024Q4: 3,605,604 shares; 2025Q1: 1,999,034 shares; 2025Q2: 2,121,534 shares 2,121,534$33.9M10.1%+122,500Timeline
SAPIENS INTERNATIONAL CORPSAPIENS INTERNATIONAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 918,411 shares; 2024Q4: 1,074,291 shares; 2025Q1: 1,149,230 shares; 2025Q2: 1,149,230 shares 1,149,230$33.6M10%0
WINAWINMARK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,500 shares; 2024Q4: 83,900 shares; 2025Q1: 83,900 shares; 2025Q2: 83,900 shares 83,900$31.7M9.43%0Timeline
GPGIGPGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 908,328 shares; 2025Q1: 1,729,359 shares; 2025Q2: 2,094,005 shares 2,094,005$29.5M8.78%+364,646Timeline
RHLDRESOLUTE HLDGS MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 131,196 shares; 2025Q2: 131,196 shares 131,196$4.18M1.24%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NV5 HOLDINGS, INCNV5 HOLDINGS, INC379,852$7.32Mshares
FCFRANKLIN COVEY CO114,818$3.17Mshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-002047 base2025-08-14acceptance time not in the bulk data set