Bares Capital Management 13F, Q4 2023
Brian Bares · quarter ending 31 December 2023 · filed 14 February 2024 · SEC CIK 1340807
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 32 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| Workday Inc. | WDAY | $372.26M | 14.6% | -18% shares |
| Block Inc | XYZ | $347.09M | 13.6% | unchanged |
| Etsy Inc | ETSY | $330.71M | 13.0% | unchanged |
| Pegasystems Inc | PEGA | $286.43M | 11.2% | unchanged |
| Interactive Brokers Group Inc | IBKR | $211.03M | 8.3% | unchanged |
| CoStar Group | CSGP | $172.61M | 6.8% | -4% shares |
| Align Technology Inc. | ALGN | $155.55M | 6.1% | +23% shares |
| Wayfair Inc | W | $137.28M | 5.4% | unchanged |
| Alteryx Inc | $117.16M | 4.6% | +5% shares | |
| Alarm.com Holdings Inc. | ALRM | $42.98M | 1.7% | unchanged |
| XPEL Inc. | XPEL | $39.10M | 1.5% | +13% shares |
| Twilio Inc. | TWLO | $32.53M | 1.3% | +29% shares |
| Cimpress NV | $20.86M | 0.8% | -6% shares | |
| Triumph Financial Inc | TFIN | $20.54M | 0.8% | +11% shares |
| Guidewire Software Inc. | GWRE | $20.14M | 0.8% | -9% shares |
| FRANKLIN COVEY CO COM | FC | $19.94M | 0.8% | +11% shares |
| Despegar.com Corp | $19.67M | 0.8% | -9% shares | |
| Soundthinking Inc | SSTI | $18.88M | 0.7% | +11% shares |
| AGILYSYS INC COM | AGYS | $17.81M | 0.7% | -24% shares |
| Onto Innovation Inc. | ONTO | $17.12M | 0.7% | unchanged |
| Upwork Inc | UPWK | $16.80M | 0.7% | -23% shares |
| Element Solutions Inc. | ESI | $16.03M | 0.6% | unchanged |
| Model N Inc | $15.22M | 0.6% | +64% shares | |
| Astronics Corporation | ATRO | $14.19M | 0.6% | +13% shares |
| Evertec Inc | EVTC | $13.92M | 0.6% | unchanged |
What changed since Q3 2023
Against the Q3 2023 filing, Bares Capital Management opened 0 new positions, added to 13, trimmed 9, left 10 unchanged and exited 5. 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 0001340807-24-000002, 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.