The model:tag namespace
Every Ollama model is addressed as name:tag. The default tag (whatever ollama pull qwen2.5 resolves to) is a sensible quantization picked by the model maintainers. To pin a specific quantization or size, use the explicit tag form.
Example: qwen2.5:7b-instruct-q5_K_M reads as:
qwen2.5— model family7b— parameter sizeinstruct— variant (instruction-tuned, not base)q5_K_M— quantization
Pulling and running
ollama pull downloads the model blobs (layered like Docker layers — same blob shared across tags is downloaded once). ollama run starts an interactive chat REPL and pulls the model first if you don't have it. Both commands resume on partial downloads.
Where models live
On macOS: ~/.ollama/models/. On Linux: /usr/share/ollama/.ollama/models/. Move them to an external drive with the OLLAMA_MODELS environment variable — useful when your boot drive is small.