Bares Capital Management 13F, Q1 2023
Brian Bares · quarter ending 31 March 2023 · filed 15 May 2023 · SEC CIK 1340807
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2023
The 25 largest of 39 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2022 filing.
| Company | Ticker | Value | % of book | vs Q4 2022 |
|---|---|---|---|---|
| Workday, Inc. | WDAY | $460.45M | 16.3% | -6% shares |
| Align Technology Inc. | ALGN | $284.47M | 10.1% | -9% shares |
| Block Inc | XYZ | $278.88M | 9.9% | -39% shares |
| Pegasystems Inc | PEGA | $259.35M | 9.2% | -4% shares |
| Etsy Inc | ETSY | $223.14M | 7.9% | +35% shares |
| Interactive Brokers Group Inc | IBKR | $214.38M | 7.6% | -15% shares |
| Redfin Corp | $163.75M | 5.8% | -9% shares | |
| Planet Fitness Inc | PLNT | $149.66M | 5.3% | -7% shares |
| CoStar Group | CSGP | $144.66M | 5.1% | -3% shares |
| Alteryx Inc | $125.77M | 4.5% | -15% shares | |
| Wayfair Inc | W | $77.92M | 2.8% | -8% shares |
| XPEL Inc. | XPEL | $44.14M | 1.6% | -3% shares |
| Alarm.com Holdings Inc. | ALRM | $31.81M | 1.1% | unchanged |
| AGILYSYS INC COM | AGYS | $25.58M | 0.9% | -39% shares |
| Twilio Inc. | TWLO | $22.15M | 0.8% | -17% shares |
| Farfetch Ltd | $19.50M | 0.7% | -14% shares | |
| Guidewire Software, Inc. | GWRE | $19.09M | 0.7% | -20% shares |
| Onto Innovation Inc. | ONTO | $18.63M | 0.7% | +5% shares |
| National Instruments Corp. | $17.86M | 0.6% | -27% shares | |
| OLO Inc | $17.67M | 0.6% | -9% shares | |
| Element Solutions Inc. | ESI | $17.43M | 0.6% | -5% shares |
| HESKA CORP COM RESTRC NEW | $16.11M | 0.6% | +49% shares | |
| Pagerduty Inc | PD | $16.09M | 0.6% | -42% shares |
| WideOpenWest Inc | $15.20M | 0.5% | +14% shares | |
| Evertec Inc | EVTC | $14.68M | 0.5% | +7% shares |
What changed since Q4 2022
Against the Q4 2022 filing, Bares Capital Management opened 1 new position, added to 12, trimmed 23, left 3 unchanged and exited 0. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001340807-23-000006, filed by Bares Capital Management, Inc.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.