Bares Capital Management 13F, Q3 2023
Brian Bares · quarter ending 30 September 2023 · filed 14 November 2023 · SEC CIK 1340807
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2023
The 25 largest of 37 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| Workday Inc. | WDAY | $352.26M | 15.1% | -22% shares |
| Etsy Inc | ETSY | $261.14M | 11.2% | +58% shares |
| Pegasystems Inc | PEGA | $250.53M | 10.7% | unchanged |
| Interactive Brokers Group Inc | IBKR | $222.15M | 9.5% | unchanged |
| Block Inc | XYZ | $194.72M | 8.3% | unchanged |
| CoStar Group | CSGP | $158.79M | 6.8% | unchanged |
| Align Technology Inc. | ALGN | $141.34M | 6.0% | -16% shares |
| Wayfair Inc | W | $136.94M | 5.8% | unchanged |
| Redfin Corp | $116.91M | 5.0% | -4% shares | |
| Alteryx Inc | $88.99M | 3.8% | +10% shares | |
| XPEL Inc. | XPEL | $49.56M | 2.1% | unchanged |
| Alarm.com Holdings Inc. | ALRM | $40.83M | 1.7% | unchanged |
| Twilio Inc. | TWLO | $19.52M | 0.8% | unchanged |
| Cimpress NV | $19.43M | 0.8% | unchanged | |
| Guidewire Software Inc. | GWRE | $18.24M | 0.8% | -11% shares |
| AGILYSYS INC COM | AGYS | $18.19M | 0.8% | unchanged |
| FRANKLIN COVEY CO COM | FC | $17.72M | 0.8% | unchanged |
| WideOpenWest Inc | $17.58M | 0.8% | +19% shares | |
| Upwork Inc | UPWK | $16.59M | 0.7% | unchanged |
| Despegar.com Corp | $16.56M | 0.7% | unchanged | |
| Pagerduty Inc | PD | $15.66M | 0.7% | +49% shares |
| StoneX Group Inc | SNEX | $15.41M | 0.7% | unchanged |
| Triumph Financial Inc | TFIN | $14.99M | 0.6% | +192% shares |
| Onto Innovation Inc. | ONTO | $14.28M | 0.6% | -18% shares |
| Element Solutions Inc. | ESI | $13.63M | 0.6% | -14% shares |
What changed since Q2 2023
Against the Q2 2023 filing, Bares Capital Management opened 0 new positions, added to 6, trimmed 10, left 21 unchanged and exited 1. 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 0001340807-23-000008, 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.