Founded in March 2014, Nine Ten Capital Management is an Illinois-based hedge fund manager that originated from Bares Capital Management. The firm consolidated all of Bares’ micro-cap equity investments into a fund now owned and managed by the investment team comprising Brian Bares, James Bradshaw, and Russell Mollen, who maintain roles at both entities.
Russell Mollen is currently a Principal at Nine Ten Capital Management, where he contributes expertise gained from prior roles at Bares Capital, Hotchkis and Wiley Capital Management, and UTIMCO. He holds a Bachelor of Business Administration (BBA) in Finance from The University of Texas at Austin, earned between 2001 and 2005.
Brian Timothy Bares is the founder of Bares Capital Management, Inc., established in 2000, where he currently serves as Portfolio Manager & Research Analyst. In 2014, he also founded Nine Ten Capital Management LLC, where he holds a membership position. Previously, Mr. Bares served as an Independent Director at Rave Restaurant Group, Inc. from 2017 to 2021. Mr. Bares earned his undergraduate degree from the University of Nebraska in 1995.
James Bradshaw currently holds dual roles as Chief Compliance Officer and Chief Operating Officer at Bares Capital Management. He also served as Chief Operating Officer and Chief Compliance Officer at Nine Ten Capital Management, overseeing all operational and compliance facets of the firm. Before joining, Mr. Bradshaw worked as an analyst at Sheshunoff Information Services, specializing in banking mergers and acquisitions. He graduated from the University of Alabama with a B.S. in Finance and is a Chartered Financial Analyst (CFA) charterholder.
Nine Ten Capital Management is a hedge fund managing discretionary assets totaling $471,782,287, as reported in their Form ADV filed on March 2024. The firm serves one client and reported $328,372,000 in managed 13F securities for Q1 2024, with a top 10 holdings concentration of 93.42%. Nine TEN Capital Management's largest holding is Stonex Group Inc., with 744,600 shares held.