Bares Capital Management 13F holdings, Q4 2013
Holdings as of December 31, 2013 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 64 US equity positions worth $1.2bn in its Q4 2013 13F filing. The largest position was POST at 9.5% of the reported book, followed by Actuant Corporation and Colfax Corporation. Against the Q3 2013 filing, it opened 1 new position, added to 10 and reduced 11 among the top 50 holdings.
What did Bares Capital Management own in Q4 2013? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2013 |
|---|---|---|---|---|---|---|---|
| 1 | POST Post Holdings Inc | Consumer Defensive | 9.5% | $109.8m | 2,227,375 | 47% | added |
| 2 | Actuant Corporation | 9.5% | $109.5m | 2,989,528 | 29% | added | |
| 3 | Colfax Corporation | 8.5% | $98.3m | 1,542,653 | 10% | added | |
| 4 | XPO XPO Logistics Inc | Industrials | 8.1% | $93.2m | 3,545,978 | 18% | added |
| 5 | Corporate Executive Board | 7.9% | $91.7m | 1,183,659 | -0% | held | |
| 6 | MIDD The Middleby Corporation | Industrials | 7.0% | $81.1m | 338,162 | -0% | held |
| 7 | WINA Winmark Corp | Consumer Cyclical | 6.7% | $77.2m | 833,650 | -0% | held |
| 8 | RealD Inc | 5.9% | $68.5m | 8,016,910 | 1% | added | |
| 9 | MASI* Masimo Corporation | 5.4% | $62.9m | 2,153,144 | -10% | reduced | |
| 10 | INTL FCStone Inc | 4.2% | $48.6m | 2,629,300 | -13% | reduced | |
| 11 | HEI/A Heico CP CL A | 3.9% | $45.2m | 1,073,083 | 27% | added | |
| 12 | Americas Car Mart Inc | 3.5% | $40.1m | 949,986 | 58% | added | |
| 13 | Female Health Co | 3.0% | $35.2m | 4,145,996 | -0% | held | |
| 14 | Interactive Intelligence | 2.3% | $26.5m | 393,325 | -53% | reduced | |
| 15 | US Ecology Inc | 2.0% | $23.0m | 619,212 | – | new | |
| 16 | UTMD Utah Medical Products | 2.0% | $22.8m | 398,937 | -5% | reduced | |
| 17 | TZOO Travelzoo Inc | 2.0% | $22.8m | 1,067,663 | 6% | added | |
| 18 | TLF Tandy Leather Factory Inc | 1.4% | $15.9m | 1,631,829 | 0% | held | |
| 19 | Reis Inc | 1.3% | $14.6m | 761,200 | 50% | added | |
| 20 | Cherokee Inc | 1.3% | $14.5m | 1,051,542 | 0% | held | |
| 21 | OFLX Omega Flex Inc | Industrials | 1.0% | $11.2m | 547,009 | 0% | held |
| 22 | Hallmark Financial Services | 0.7% | $7.6m | 855,324 | -39% | reduced | |
| 23 | COP ConocoPhillips | Energy | 0.2% | $2.1m | 30,000 | 0% | held |
| 24 | Berkshire Hathaway Inc B | 0.2% | $2.0m | 16,871 | -0% | held | |
| 25 | VWO Vanguard Emerging Markets | 0.2% | $1.9m | 46,891 | 0% | held | |
| 26 | Brookfield Asset Management | 0.2% | $1.9m | 48,046 | -0% | held | |
| 27 | Berkshire Hathaway Inc A | 0.1% | $1.6m | 9 | 0% | held | |
| 28 | MORN Morningstar Inc | Financial Services | 0.1% | $1.5m | 19,315 | 0% | held |
| 29 | GLRE Greenlight Capital Re Lt | Financial Services | 0.1% | $1.3m | 38,699 | -13% | reduced |
| 30 | Ultra Petroleum Corp | 0.1% | $1.3m | 59,959 | 11% | added | |
| 31 | EXPD Expeditors International | Industrials | 0.1% | $1.2m | 28,201 | -0% | held |
| 32 | PSX Phillips 66 Common Stock | Energy | 0.1% | $1.2m | 15,000 | 0% | held |
| 33 | OXY Occidental Petroleum | Energy | 0.1% | $1.1m | 12,000 | 0% | held |
| 34 | Brookfield Property Partn | 0.1% | $1.1m | 55,715 | -2% | reduced | |
| 35 | CSWC Capital Southwest Corpora | 0.1% | $1.1m | 31,556 | 0% | held | |
| 36 | Pizza Inn Holdings | 0.1% | $1.0m | 126,530 | 0% | held | |
| 37 | WY Weyehaeuser Company | Real Estate | 0.1% | $941.0k | 29,808 | -0% | held |
| 38 | SPDR Lehman Intl Treasury | 0.1% | $933.0k | 16,156 | -0% | held | |
| 39 | VCSH Vanguard ST Corp Bond ETF | 0.1% | $927.0k | 11,622 | -9% | reduced | |
| 40 | Leucadia National Corp | 0.1% | $919.0k | 32,412 | -0% | held | |
| 41 | White Mountains Insurance | 0.1% | $884.0k | 1,465 | 0% | held | |
| 42 | Alleghany Corp | 0.1% | $865.0k | 2,162 | -0% | held | |
| 43 | American Express Company | 0.1% | $826.0k | 9,107 | 0% | held | |
| 44 | Automatic Data Processing | 0.1% | $787.0k | 9,744 | 0% | held | |
| 45 | VGK Vanguard European VIPER | 0.1% | $786.0k | 13,359 | -4% | reduced | |
| 46 | Kinder Morgan Energy LP | 0.1% | $774.0k | 9,600 | 0% | held | |
| 47 | XEL XCEL Energy Inc | Utilities | 0.1% | $726.0k | 26,000 | 0% | held |
| 48 | Vanguard Value ETF | 0.1% | $724.0k | 9,484 | -29% | reduced | |
| 49 | SPDR S&P Middle East Africa | 0.1% | $666.0k | 9,722 | -2% | reduced | |
| 50 | Hospitality Properties | 0.1% | $646.0k | 23,915 | 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.