Nine Ten Capital Management LLC Activity Q1 2015-Q3 2023

Q3 2023
 Value Shares↓ Weighting
SNEX SellSTONEX GROUP INC$69,342,000
+9.5%
715,457
-6.2%
21.16%
-0.5%
WOW SellWIDEOPENWEST INC$34,923,000
-29.0%
4,565,077
-21.7%
10.66%
-35.5%
IRMD SellIRADIMED CORP$34,223,000
-8.5%
771,311
-1.5%
10.44%
-16.8%
OLO BuyOLO INCcl a$29,659,000
-4.8%
4,894,250
+1.4%
9.05%
-13.5%
MGNI NewMAGNITE INC$29,640,0003,931,0149.04%
SSTI BuySOUNDTHINKING INC$19,306,000
-17.8%
1,078,535
+0.4%
5.89%
-25.3%
FC BuyFRANKLIN COVEY CO$14,102,000
+424.6%
328,555
+434.0%
4.30%
+376.6%
BuyCELLEBRITE DI LTDordinary shares$8,160,000
+173.1%
1,066,602
+157.0%
2.49%
+148.3%
BLFS ExitBIOLIFE SOLUTIONS INC$0-38,577-0.29%
Q2 2023
 Value Shares↓ Weighting
SNEX NewSTONEX GROUP INC$63,342,000762,41621.27%
AGYS NewAGILYSYS INC$56,532,000823,60418.98%
WOW NewWIDEOPENWEST INC$49,219,0005,831,63716.53%
IRMD NewIRADIMED CORP$37,384,000783,06612.55%
OLO NewOLO INCcl a$31,167,0004,824,63110.46%
WINA NewWINMARK CORP$30,147,00090,67510.12%
SSTI NewSOUNDTHINKING INC$23,493,0001,074,6857.89%
NewCELLEBRITE DI LTDordinary shares$2,988,000414,9681.00%
FC NewFRANKLIN COVEY CO$2,688,00061,5290.90%
BLFS NewBIOLIFE SOLUTIONS INC$853,00038,5770.29%
Q4 2022
 Value Shares↓ Weighting
MGNI ExitMAGNITE INC$0-2,091,412-2.10%
WINA ExitWINMARK CORP$0-90,675-3.00%
IRMD ExitIRADIMED CORP$0-725,877-3.33%
SSTI ExitSHOTSPOTTER INC$0-1,019,948-4.48%
OLO ExitOLO INCcl a$0-5,524,900-6.67%
HSKA ExitHESKA CORP$0-871,785-9.71%
WOW ExitWIDEOPENWEST INC$0-5,903,071-11.07%
SNEX ExitSTONEX GROUP INC$0-966,556-12.25%
AGYS ExitAGILYSYS INC$0-1,695,622-14.34%
TRUP ExitTRUPANION INC$0-3,638,509-33.04%
Q3 2022
 Value Shares↓ Weighting
AGYS SellAGILYSYS INC$93,853,000
+7.4%
1,695,622
-8.3%
14.34%
+18.3%
SNEX SellSTONEX GROUP INC$80,166,000
-6.2%
966,556
-11.7%
12.25%
+3.3%
WOW BuyWIDEOPENWEST INC$72,431,000
-28.3%
5,903,071
+6.4%
11.07%
-21.1%
MGNI SellMAGNITE INC$13,741,000
-34.6%
2,091,412
-11.6%
2.10%
-28.0%
Q2 2022
 Value Shares↓ Weighting
TRUP NewTRUPANION INC$219,257,0003,638,50930.41%
WOW NewWIDEOPENWEST INC$101,067,0005,550,07114.02%
AGYS NewAGILYSYS INC$87,387,0001,848,68512.12%
SNEX NewSTONEX GROUP INC$85,456,0001,094,60711.85%
HSKA NewHESKA CORP$82,392,000871,78511.43%
OLO NewOLO INCcl a$54,531,0005,524,9007.56%
SSTI NewSHOTSPOTTER INC$27,447,0001,019,9483.81%
IRMD NewIRADIMED CORP$24,636,000725,8773.42%
MGNI NewMAGNITE INC$21,014,0002,366,4122.92%
WINA NewWINMARK CORP$17,733,00090,6752.46%
Q4 2021
 Value Shares↓ Weighting
ExitMaxcyte$0-1,900,968-2.48%
IRMD ExitIRADIMED CORP$0-761,619-2.74%
SSTI ExitSHOTSPOTTER INC COM$0-786,830-3.06%
WINA ExitWINMARK CORP COM$0-190,875-4.39%
MGNI ExitMagnite Inc$0-1,840,502-5.51%
SNEX ExitStoneX Group Inc$0-1,094,607-7.71%
PAR ExitPAR TECHNOLOGY CORP COM$0-1,223,896-8.05%
AGYS ExitAGILYSYS INC COM$0-1,743,677-9.76%
WOW ExitWideOpenWest Inc$0-7,183,706-15.10%
TRUP ExitTRUPANION INC COM$0-2,045,736-16.99%
HSKA ExitHESKA CORP COM RESTRC NEW$0-875,318-24.20%
Q3 2021
 Value Shares↓ Weighting
TRUP BuyTRUPANION INC COM$158,892,000
-14.2%
2,045,736
+27.1%
16.99%
-14.7%
PAR SellPAR TECHNOLOGY CORP COM$75,282,000
-23.1%
1,223,896
-12.6%
8.05%
-23.5%
MGNI BuyMagnite Inc$51,534,000
+52.7%
1,840,502
+84.5%
5.51%
+51.8%
NewMaxcyte$23,211,0001,900,9682.48%
Q2 2021
 Value Shares↓ Weighting
HSKA NewHESKA CORP$201,087,000875,31821.63%
TRUP NewTRUPANION INC$185,267,0001,609,61419.93%
WOW NewWIDEOPENWEST INC$148,775,0007,183,70616.00%
AGYS NewAGILYSYS INC$99,163,0001,743,67710.66%
PAR NewPAR TECHNOLOGY CORP$97,885,0001,399,55210.53%
SNEX NewSTONEX GROUP INC$66,410,0001,094,6077.14%
SSTI NewSHOTSPOTTER INC$38,374,000786,8304.13%
WINA NewWINMARK CORP$36,663,000190,8753.94%
MGNI NewMAGNITE INC$33,756,000997,5113.63%
IRMD NewIRADIMED CORP$22,399,000761,6192.41%
Q4 2020
 Value Shares↓ Weighting
IRMD ExitIRADIMED CORP$0-549,164-2.44%
SSTI ExitSHOTSPOTTER INC COM$0-576,129-3.72%
AGYS ExitAGILYSYS INC COM$0-1,348,312-6.77%
WINA ExitWINMARK CORP COM$0-190,875-6.83%
MGNI ExitMagnite, Inc$0-4,964,934-7.16%
SNEX ExitStoneX Group Inc$0-1,069,165-11.37%
PAR ExitPAR TECHNOLOGY CORP COM$0-1,442,024-12.14%
HSKA ExitHESKA CORP COM RESTRC NEW$0-784,217-16.10%
TRUP ExitTRUPANION INC COM$0-2,041,973-33.48%
Q3 2020
 Value Shares↓ Weighting
TRUP SellTRUPANION INC COM$161,112,000
+23.4%
2,041,973
-33.2%
33.48%
+2.5%
HSKA BuyHESKA CORP COM RESTRC NEW$77,473,000
+8.1%
784,217
+2.0%
16.10%
-10.2%
PAR BuyPAR TECHNOLOGY CORP COM$58,416,000
+37.6%
1,442,024
+1.6%
12.14%
+14.2%
SNEX BuyStoneX Group Inc$54,698,000
+6.5%
1,069,165
+14.4%
11.37%
-11.6%
WINA SellWINMARK CORP COM$32,865,000
-11.2%
190,875
-11.7%
6.83%
-26.3%
AGYS BuyAGILYSYS INC COM$32,575,000
+121.4%
1,348,312
+64.4%
6.77%
+83.8%
SSTI BuySHOTSPOTTER INC COM$17,883,000
+96.7%
576,129
+59.7%
3.72%
+63.3%
IRMD BuyIRADIMED CORP$11,741,000
+21.6%
549,164
+32.0%
2.44%
+1.0%
Q2 2020
 Value Shares↓ Weighting
TRUP NewTRUPANION INC COM$130,526,0003,057,54232.66%
HSKA NewHESKA CORP COM RESTRC NEW$71,659,000769,12117.93%
SNEX NewStoneX Group Inc$51,383,000934,23812.86%
PAR NewPAR TECHNOLOGY CORP COM$42,462,0001,418,72310.62%
WINA NewWINMARK CORP COM$37,028,000216,2329.26%
MGNI NewMagnite, Inc$33,116,0004,964,9348.29%
AGYS NewAGILYSYS INC COM$14,716,000820,3063.68%
IRMD NewIRADIMED CORP$9,653,000415,8962.42%
SSTI NewSHOTSPOTTER INC COM$9,093,000360,8382.28%
Q4 2019
 Value Shares↓ Weighting
IRMD ExitIRadimed Corp$0-23,079-0.15%
OFLX ExitOmega Flex, Inc.$0-24,564-0.80%
SIBN ExitSI-BONE Inc$0-261,315-1.46%
TTGT ExitTechTarget, Inc$0-857,328-6.11%
HSKA ExitHeska Corporation$0-298,608-6.70%
INTL ExitINTL FCStone Inc.$0-703,849-9.15%
WINA ExitWinmark Corp.$0-336,077-18.77%
TRUP ExitTrupanion, Inc$0-3,035,821-24.43%
INST ExitInstructure, Inc.$0-2,644,837-32.44%
Q3 2019
 Value Shares↓ Weighting
INST SellInstructure, Inc.$102,461,000
-16.3%
2,644,837
-8.2%
32.44%
-5.1%
TRUP BuyTrupanion, Inc$77,171,000
-29.3%
3,035,821
+0.5%
24.43%
-19.8%
INTL BuyINTL FCStone Inc.$28,900,000
+23.1%
703,849
+18.7%
9.15%
+39.6%
HSKA BuyHeska Corporation$21,162,000
+467.7%
298,608
+582.3%
6.70%
+543.5%
TTGT SellTechTarget, Inc$19,311,000
+2.3%
857,328
-3.5%
6.11%
+16.0%
SIBN BuySI-BONE Inc$4,617,000
+31.0%
261,315
+50.8%
1.46%
+48.6%
OFLX SellOmega Flex, Inc.$2,512,000
-68.8%
24,564
-76.6%
0.80%
-64.6%
IRMD NewIRadimed Corp$485,00023,0790.15%
MLAB ExitMesa Laboratories Inc.$0-44,019-3.00%
Q2 2019
 Value Shares↓ Weighting
INST NewInstructure, Inc.$122,459,0002,881,38834.19%
TRUP NewTrupanion, Inc$109,109,0003,019,91430.46%
WINA NewWinmark Corp.$58,192,000336,07716.25%
INTL NewINTL FCStone Inc.$23,473,000592,8976.55%
TTGT NewTechTarget, Inc$18,871,000888,0695.27%
MLAB NewMesa Laboratories Inc.$10,756,00044,0193.00%
OFLX NewOmega Flex, Inc.$8,053,000104,8452.25%
HSKA NewHeska Corporation$3,728,00043,7661.04%
SIBN NewSI-BONE Inc$3,524,000173,2650.98%
Q4 2018
 Value Shares↓ Weighting
REIS ExitReis, Inc$0-30,349-0.21%
OFLX ExitOmega Flex, Inc.$0-106,583-2.24%
MLAB ExitMesa Laboratories Inc.$0-44,019-2.42%
INTL ExitINTL FCStone Inc.$0-472,752-6.75%
TTGT ExitTechTarget, Inc$0-1,709,117-9.81%
WINA ExitWinmark Corp.$0-336,077-16.50%
TRUP ExitTrupanion, Inc$0-2,792,491-29.50%
INST ExitInstructure, Inc.$0-3,111,487-32.57%
Q3 2018
 Value Shares↓ Weighting
INST BuyInstructure, Inc.$110,147,000
-13.5%
3,111,487
+4.0%
32.57%
+1.0%
REIS SellReis, Inc$698,000
-96.4%
30,349
-96.6%
0.21%
-95.8%
Q2 2018
 Value Shares↓ Weighting
INST NewInstructure, Inc.$127,356,0002,993,09432.24%
TRUP NewTrupanion, Inc$107,790,0002,792,49127.28%
WINA NewWinmark Corp.$49,891,000336,07712.63%
TTGT NewTechTarget, Inc$48,539,0001,709,11712.29%
INTL NewINTL FCStone Inc.$24,446,000472,7526.19%
REIS NewReis, Inc$19,322,000886,3174.89%
MLAB NewMesa Laboratories Inc.$9,292,00044,0192.35%
OFLX NewOmega Flex, Inc.$8,432,000106,5832.13%
Q4 2017
 Value Shares↓ Weighting
MLAB ExitMesa Laboratories Inc.$0-121,864-5.85%
OFLX ExitOmega Flex, Inc.$0-258,533-5.98%
REIS ExitReis, Inc$0-1,081,227-6.26%
INTL ExitINTL FCStone Inc.$0-603,055-7.43%
XPO ExitXPO Logistics, Inc.$0-385,003-8.40%
TTGT ExitTechTarget, Inc$0-2,865,703-11.01%
TRUP ExitTrupanion, Inc$0-1,374,967-11.68%
WINA ExitWinmark Corp.$0-358,137-15.18%
INST ExitInstructure, Inc.$0-2,645,324-28.21%
Q3 2017
 Value Shares↓ Weighting
WINA SellWinmark Corp.$47,185,000
+0.8%
358,137
-1.3%
15.18%
+6.1%
TRUP BuyTrupanion, Inc$36,313,000
+22.0%
1,374,967
+3.4%
11.68%
+28.4%
TTGT SellTechTarget, Inc$34,216,000
+11.7%
2,865,703
-3.0%
11.01%
+17.5%
XPO SellXPO Logistics, Inc.$26,096,000
-45.9%
385,003
-48.4%
8.40%
-43.1%
INTL SellINTL FCStone Inc.$23,109,000
-6.6%
603,055
-8.0%
7.43%
-1.7%
OFLX SellOmega Flex, Inc.$18,573,000
-23.7%
258,533
-31.6%
5.98%
-19.7%
MLAB SellMesa Laboratories Inc.$18,197,000
-15.5%
121,864
-18.9%
5.85%
-11.1%
Q2 2017
 Value Shares↓ Weighting
INST NewInstructure, Inc.$78,037,0002,645,32423.86%
XPO NewXPO Logistics, Inc.$48,213,000745,98814.74%
WINA NewWinmark Corp.$46,809,000363,00114.31%
TTGT NewTechTarget, Inc$30,629,0002,953,6489.37%
TRUP NewTrupanion, Inc$29,762,0001,329,8679.10%
INTL NewINTL FCStone Inc.$24,738,000655,1477.56%
OFLX NewOmega Flex, Inc.$24,338,000377,9197.44%
REIS NewReis, Inc$22,976,0001,081,2277.03%
MLAB NewMesa Laboratories Inc.$21,527,000150,2106.58%
Q4 2016
 Value Shares↓ Weighting
TAXA ExitLiberty Tax, Inc.$0-347,311-1.53%
ATEX ExitPDV WIRELESS, Inc$0-354,128-2.80%
UTMD ExitUtah Medical Products$0-216,952-4.48%
OFLX ExitOmega Flex, Inc.$0-503,534-6.70%
REIS ExitReis, Inc$0-1,081,227-7.63%
TTGT ExitTechTarget, Inc$0-2,953,648-8.21%
MLAB ExitMesa Laboratories Inc.$0-251,041-9.91%
INTL ExitINTL FCStone Inc.$0-820,186-11.00%
WINA ExitWinmark Corp.$0-456,289-16.61%
XPO ExitXPO Logistics, Inc.$0-2,460,536-31.13%
Q3 2016
 Value Shares↓ Weighting
WINA SellWinmark Corp.$48,148,000
+5.1%
456,289
-0.7%
16.61%
-2.0%
INTL SellINTL FCStone Inc.$31,864,000
+40.4%
820,186
-1.4%
11.00%
+30.8%
MLAB SellMesa Laboratories Inc.$28,709,000
-8.1%
251,041
-1.1%
9.91%
-14.3%
TTGT BuyTechTarget, Inc$23,806,000
+4.6%
2,953,648
+5.1%
8.21%
-2.5%
REIS BuyReis, Inc$22,122,000
-9.5%
1,081,227
+10.1%
7.63%
-15.7%
OFLX SellOmega Flex, Inc.$19,416,000
-0.9%
503,534
-2.2%
6.70%
-7.6%
UTMD SellUtah Medical Products$12,974,000
-16.1%
216,952
-11.6%
4.48%
-21.8%
ATEX SellPDV WIRELESS, Inc$8,110,000
-19.2%
354,128
-24.5%
2.80%
-24.6%
TAXA SellLiberty Tax, Inc.$4,439,000
-67.2%
347,311
-65.8%
1.53%
-69.4%
Q2 2016
 Value Shares↓ Weighting
XPO NewXPO Logistics, Inc.$64,614,0002,460,53623.92%
WINA NewWinmark Corp.$45,795,000459,46316.95%
MLAB NewMesa Laboratories Inc.$31,225,000253,86111.56%
REIS NewReis, Inc$24,455,000982,1369.05%
TTGT NewTechTarget, Inc$22,761,0002,810,0008.42%
INTL NewINTL FCStone Inc.$22,703,000831,9318.40%
OFLX NewOmega Flex, Inc.$19,589,000514,9657.25%
UTMD NewUtah Medical Products$15,465,000245,4845.72%
TAXA NewLiberty Tax, Inc.$13,539,0001,016,4605.01%
ATEX NewPDV WIRELESS, Inc$10,033,000469,0483.71%
Q4 2015
 Value Shares↓ Weighting
MAMS ExitMAM Software Group, Inc.$0-282,096-0.75%
FHCO ExitFemale Health Co.$0-2,046,737-1.46%
TLFA ExitTandy Leather Factory Inc.$0-456,738-1.49%
GHM ExitGraham Corp.$0-260,758-2.07%
UTMD ExitUtah Medical Products$0-271,139-6.57%
OFLX ExitOmega Flex, Inc.$0-531,142-7.98%
REIS ExitReis, Inc$0-863,005-8.80%
INTL ExitINTL FCStone Inc.$0-801,574-8.91%
TAXA ExitLiberty Tax, Inc.cl a$0-1,106,378-11.60%
MLAB ExitMesa Laboratories Inc.$0-284,399-14.26%
XPO ExitXPO Logistics, Inc.$0-1,384,469-14.85%
WINA ExitWinmark Corp.$0-459,463-21.28%
Q3 2015
 Value Shares↓ Weighting
XPO BuyXPO Logistics, Inc.$32,992,000
-39.2%
1,384,469
+15.3%
14.85%
-22.5%
TAXA BuyLiberty Tax, Inc.cl a$25,768,000
-0.7%
1,106,378
+5.5%
11.60%
+26.5%
INTL SellINTL FCStone Inc.$19,791,000
-34.0%
801,574
-11.2%
8.91%
-15.9%
OFLX SellOmega Flex, Inc.$17,740,000
-11.5%
531,142
-0.2%
7.98%
+12.7%
GHM SellGraham Corp.$4,602,000
-57.5%
260,758
-50.6%
2.07%
-45.8%
TLFA SellTandy Leather Factory Inc.$3,302,000
-58.7%
456,738
-50.9%
1.49%
-47.4%
FHCO SellFemale Health Co.$3,234,000
-23.5%
2,046,737
-12.8%
1.46%
-2.5%
MAMS NewMAM Software Group, Inc.$1,659,000282,0960.75%
INGN ExitInogen, Inc$0-539,323-8.49%
Q2 2015
 Value Shares↓ Weighting
XPO NewXPO Logistics, Inc.$54,248,0001,200,70919.16%
WINA NewWinmark Corp.$45,257,000459,46315.98%
INTL NewINTL FCStone Inc.$29,988,000902,17410.59%
TAXA NewLiberty Tax, Inc.cl a$25,958,0001,048,8269.17%
MLAB NewMesa Laboratories Inc.$25,283,000284,3998.93%
INGN NewInogen, Inc$24,054,000539,3238.49%
OFLX NewOmega Flex, Inc.$20,052,000532,4617.08%
REIS NewReis, Inc$19,141,000863,0056.76%
UTMD NewUtah Medical Products$16,168,000271,1395.71%
GHM NewGraham Corp.$10,821,000528,1273.82%
TLFA NewTandy Leather Factory Inc.$7,998,000930,0072.82%
FHCO NewFemale Health Co.$4,225,0002,346,9471.49%

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