Bares Capital Management 13F, Q1 2024
Brian Bares · quarter ending 31 March 2024 · filed 15 May 2024 · SEC CIK 1340807
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2024
The 25 largest of 31 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.
| Company | Ticker | Value | % of book | vs Q4 2023 |
|---|---|---|---|---|
| Pegasystems Inc | PEGA | $360.49M | 14.3% | -5% shares |
| Block Inc | XYZ | $337.09M | 13.4% | -11% shares |
| Interactive Brokers Group Inc | IBKR | $313.92M | 12.5% | +10% shares |
| Workday Inc. | WDAY | $306.83M | 12.2% | -17% shares |
| Align Technology Inc. | ALGN | $268.87M | 10.7% | +44% shares |
| Etsy Inc | ETSY | $265.14M | 10.5% | -5% shares |
| CoStar Group | CSGP | $152.51M | 6.0% | -20% shares |
| Wayfair Inc | W | $124.63M | 5.0% | -18% shares |
| Alarm.com Holdings Inc. | ALRM | $43.04M | 1.7% | -11% shares |
| XPEL Inc. | XPEL | $39.22M | 1.6% | unchanged |
| Veeva Systems Inc. | VEEV | $25.14M | 1.0% | new |
| Despegar.com Corp | $20.80M | 0.8% | -16% shares | |
| Triumph Financial Inc | TFIN | $20.32M | 0.8% | unchanged |
| Cimpress NV | $19.92M | 0.8% | -14% shares | |
| FRANKLIN COVEY CO COM | FC | $18.12M | 0.7% | unchanged |
| Element Solutions Inc. | ESI | $17.27M | 0.7% | unchanged |
| Astronics Corporation | ATRO | $17.12M | 0.7% | +10% shares |
| Model N Inc | $16.09M | 0.6% | unchanged | |
| Zuora Inc | $15.93M | 0.6% | +41% shares | |
| Twilio Inc. | TWLO | $15.82M | 0.6% | -40% shares |
| AGILYSYS INC COM | AGYS | $15.17M | 0.6% | -14% shares |
| Onto Innovation Inc. | ONTO | $14.31M | 0.6% | -30% shares |
| Upwork Inc | UPWK | $13.12M | 0.5% | -5% shares |
| Evertec Inc | EVTC | $12.87M | 0.5% | -5% shares |
| Soundthinking Inc | SSTI | $12.31M | 0.5% | +5% shares |
What changed since Q4 2023
Against the Q4 2023 filing, Bares Capital Management opened 1 new position, added to 7, trimmed 16, left 7 unchanged and exited 2. 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 0001340807-24-000005, 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.