Nine Ten Capital Management LLC Portfolio Holdings by Sector

Nine Ten Capital Management LLC

Industry	Value	Buys	Sells	New Positions	Closed Positions	Options
Software—Application \| Technology SPNS AGYS 2 stocks	$52,911 20.06% of portfolio	2	-	-	-	0 Calls 0 Puts
Medical Devices \| Healthcare IRMD 1 stocks	$45,762 17.35% of portfolio	-	1	-	-	0 Calls 0 Puts
Capital Markets \| Financial Services SNEX 1 stocks	$39,143 14.84% of portfolio	1	-	-	-	0 Calls 0 Puts
Software—Infrastructure \| Technology CLBT 1 stocks	$38,841 14.72% of portfolio	-	1	-	-	0 Calls 0 Puts
Advertising Agencies \| Communication Services MGNI 1 stocks	$31,204 11.83% of portfolio	-	1	-	-	0 Calls 0 Puts
Specialty Retail \| Consumer Cyclical WINA 1 stocks	$26,669 10.11% of portfolio	-	-	-	-	0 Calls 0 Puts
Metal Fabrication \| Industrials CMPO 1 stocks	$18,798 7.13% of portfolio	1	-	-	-	0 Calls 0 Puts
Engineering & Construction \| Industrials NVEE 1 stocks	$7,319 2.77% of portfolio	-	1	-	-	0 Calls 0 Puts
Consulting Services \| Industrials FC 1 stocks	$3,171 1.2% of portfolio	-	1	-	-	0 Calls 0 Puts

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