Bares Capital Management 13F holdings, Q2 2013
Holdings as of June 30, 2013 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 69 US equity positions worth $1.0bn in its Q2 2013 13F filing. The largest position was APEI at 9.8% of the reported book, followed by Interactive Intelligence and RealD Inc. Against the Q1 2013 filing, it opened 5 new positions, added to 19 and reduced 5 among the top 50 holdings.
What did Bares Capital Management own in Q2 2013? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2013 |
|---|---|---|---|---|---|---|---|
| 1 | APEI American Public Education | Consumer Defensive | 9.8% | $100.2m | 2,696,956 | 47% | added |
| 2 | Interactive Intelligence | 8.4% | $85.9m | 1,665,392 | -18% | reduced | |
| 3 | RealD Inc | 8.0% | $82.1m | 5,908,242 | 26% | added | |
| 4 | Colfax Corporation | 7.5% | $76.8m | 1,473,864 | 20% | added | |
| 5 | Actuant Corporation | 7.5% | $76.6m | 2,323,015 | 72% | added | |
| 6 | Corporate Executive Board | 7.4% | $75.2m | 1,188,940 | 47% | added | |
| 7 | MASI* Masimo Corporation | 6.3% | $64.4m | 3,037,471 | 45% | added | |
| 8 | MIDD The Middleby Corporation | Industrials | 5.8% | $59.5m | 349,637 | 38% | added |
| 9 | INTL FCStone Inc | 5.4% | $54.9m | 3,145,390 | 0% | held | |
| 10 | WINA Winmark Corp | Consumer Cyclical | 5.3% | $54.3m | 836,300 | 0% | held |
| 11 | Female Health Co | 4.0% | $40.7m | 4,125,296 | 0% | held | |
| 12 | XPO XPO Logistics Inc | Industrials | 3.3% | $33.5m | 1,852,425 | 59% | added |
| 13 | HEI/A Heico CP CL A | 3.0% | $31.1m | 843,840 | 40% | added | |
| 14 | TZOO Travelzoo Inc | 2.7% | $27.7m | 1,016,427 | 9% | added | |
| 15 | POST Post Holdings Inc | Consumer Defensive | 2.7% | $27.4m | 627,519 | – | new |
| 16 | UTMD Utah Medical Products | 2.2% | $22.9m | 422,415 | -0% | held | |
| 17 | Hallmark Financial Servic | 1.5% | $15.5m | 1,697,243 | -11% | reduced | |
| 18 | MORN Morningstar Inc | Financial Services | 1.3% | $13.6m | 175,687 | 5% | added |
| 19 | TLF Tandy Leather Factory Inc | 1.2% | $12.7m | 1,632,863 | -0% | held | |
| 20 | Cherokee Inc | 1.2% | $12.3m | 959,563 | 32% | added | |
| 21 | OFLX Omega Flex Inc | Industrials | 0.8% | $8.1m | 547,009 | 0% | held |
| 22 | Abaxis Inc | 0.7% | $7.2m | 151,246 | – | new | |
| 23 | Reis Inc | 0.4% | $3.8m | 207,500 | 0% | held | |
| 24 | Berkshire Hathaway Inc B | 0.2% | $2.0m | 17,981 | 0% | held | |
| 25 | COP ConocoPhillips | Energy | 0.2% | $1.8m | 30,000 | 0% | held |
| 26 | Brookfield Asset Management | 0.2% | $1.7m | 47,215 | 5% | added | |
| 27 | Berkshire Hathaway Inc A | 0.1% | $1.5m | 9 | 0% | held | |
| 28 | National Research Corp | 0.1% | $1.4m | 40,865 | – | new | |
| 29 | Brookfield Property Partn | 0.1% | $1.1m | 54,363 | – | new | |
| 30 | GLRE Greenlight Capital Re Lt | Financial Services | 0.1% | $1.1m | 44,811 | -2% | reduced |
| 31 | CSWC Capital Southwest Corpora | 0.1% | $1.1m | 7,889 | 45% | added | |
| 32 | EXPD Expeditors International | Industrials | 0.1% | $1.1m | 28,415 | 246% | added |
| 33 | OXY Occidental Petroleum | Energy | 0.1% | $1.1m | 12,000 | 0% | held |
| 34 | Interval Leisure Group | 0.1% | $1.1m | 53,281 | -91% | reduced | |
| 35 | VCSH Vanguard ST Corp Bond ETF | 0.1% | $1.0m | 12,824 | 2% | added | |
| 36 | VWO Vanguard Emerging Markets | 0.1% | $980.0k | 25,265 | 23% | added | |
| 37 | SPDR Lehman Intl Treasury | 0.1% | $953.0k | 16,930 | -1% | reduced | |
| 38 | Ultra Petroleum Corp | 0.1% | $947.0k | 47,760 | – | new | |
| 39 | Vanguard Value ETF | 0.1% | $930.0k | 13,754 | 0% | held | |
| 40 | PSX Phillips 66 Common Stock | Energy | 0.1% | $884.0k | 15,000 | 0% | held |
| 41 | WY Weyehaeuser Company | Real Estate | 0.1% | $854.0k | 29,966 | 0% | held |
| 42 | White Mountains Insurance | 0.1% | $827.0k | 1,438 | 6% | added | |
| 43 | MSFT Microsoft Corp | Technology | 0.1% | $827.0k | 23,944 | 0% | held |
| 44 | Kinder Morgan Energy LP | 0.1% | $820.0k | 9,600 | 0% | held | |
| 45 | Alleghany Corp | 0.1% | $788.0k | 2,055 | 9% | added | |
| 46 | XEL XCEL Energy Inc | Utilities | 0.1% | $737.0k | 26,000 | 0% | held |
| 47 | Pizza Inn Holdings | 0.1% | $725.0k | 126,530 | 0% | held | |
| 48 | American Express Company | 0.1% | $681.0k | 9,107 | 0% | held | |
| 49 | Automatic Data Processing | 0.1% | $671.0k | 9,744 | 0% | held | |
| 50 | VGK Vanguard European VIPER | 0.1% | $670.0k | 13,917 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.