Bares Capital Management 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 69 US equity positions worth $1.3bn in its Q1 2014 13F filing. The largest position was POST at 10.1% of the reported book, followed by Actuant Corporation and Colfax Corporation. Against the Q4 2013 filing, it opened 6 new positions, added to 14 and reduced 16 among the top 50 holdings.
What did Bares Capital Management own in Q1 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | POST Post Holdings Inc | Consumer Defensive | 10.1% | $125.9m | 2,284,353 | 3% | added |
| 2 | Actuant Corporation | 9.5% | $119.1m | 3,487,588 | 17% | added | |
| 3 | Colfax Corporation | 9.0% | $112.0m | 1,570,638 | 2% | added | |
| 4 | XPO XPO Logistics Inc | Industrials | 8.4% | $104.6m | 3,555,090 | 0% | held |
| 5 | MIDD The Middleby Corporation | Industrials | 7.3% | $90.9m | 344,056 | 2% | added |
| 6 | RealD Inc | 7.3% | $90.8m | 8,131,284 | 1% | added | |
| 7 | Corporate Executive Board | 7.2% | $90.1m | 1,214,419 | 3% | added | |
| 8 | WINA Winmark Corp | Consumer Cyclical | 5.0% | $63.0m | 832,348 | -0% | held |
| 9 | HEI/A Heico CP CL A | 4.2% | $52.7m | 1,213,366 | 13% | added | |
| 10 | US Ecology Inc | 4.0% | $50.4m | 1,358,473 | 119% | added | |
| 11 | Platform Specialty Products | 4.0% | $49.9m | 2,621,502 | – | new | |
| 12 | INTL FCStone Inc | 4.0% | $49.5m | 2,631,959 | 0% | held | |
| 13 | Americas CarMart Inc | 3.6% | $44.5m | 1,212,821 | 28% | added | |
| 14 | Female Health Co | 2.8% | $34.8m | 4,478,029 | 8% | added | |
| 15 | TZOO Travelzoo Inc | 1.8% | $22.7m | 990,969 | – | new | |
| 16 | UTMD Utah Medical Products | 1.8% | $22.7m | 391,916 | -2% | reduced | |
| 17 | TLF Tandy Leather Factory Inc | 1.3% | $15.8m | 1,635,223 | 0% | held | |
| 18 | Reis Inc | 1.3% | $15.8m | 874,877 | 15% | added | |
| 19 | Cherokee Inc | 1.2% | $14.8m | 1,059,824 | 1% | added | |
| 20 | GHM Graham Corp | 1.1% | $14.3m | 450,479 | – | new | |
| 21 | OFLX Omega Flex Inc | Industrials | 1.0% | $12.0m | 558,029 | 2% | added |
| 22 | MLAB Mesa Laboratories Inc | Technology | 0.9% | $10.9m | 120,322 | – | new |
| 23 | JTH Holding Inc | 0.2% | $2.9m | 104,559 | – | new | |
| 24 | Interactive Intelligence | 0.2% | $2.7m | 37,206 | -91% | reduced | |
| 25 | COP ConocoPhillips | Energy | 0.2% | $2.1m | 30,000 | 0% | held |
| 26 | Berkshire Hathaway Inc B | 0.2% | $2.1m | 16,562 | -2% | reduced | |
| 27 | Brookfield Asset Management | 0.2% | $1.9m | 47,085 | -2% | reduced | |
| 28 | VWO Vanguard Emerging Markets | 0.1% | $1.9m | 46,052 | -2% | reduced | |
| 29 | Berkshire Hathaway Inc A | 0.1% | $1.7m | 9 | 0% | held | |
| 30 | Ultra Petroleum Corp | 0.1% | $1.6m | 59,829 | -0% | held | |
| 31 | MORN Morningstar Inc | Financial Services | 0.1% | $1.5m | 19,315 | 0% | held |
| 32 | GLRE Greenlight Capital Re Ltd | Financial Services | 0.1% | $1.2m | 37,534 | -3% | reduced |
| 33 | PSX Phillips 66 Common Stock | Energy | 0.1% | $1.2m | 15,000 | 0% | held |
| 34 | OXY Occidental Petroleum | Energy | 0.1% | $1.1m | 12,000 | 0% | held |
| 35 | EXPD Expeditors International | Industrials | 0.1% | $1.1m | 27,856 | -1% | reduced |
| 36 | CSWC Capital Southwest Corp | 0.1% | $1.1m | 30,464 | -3% | reduced | |
| 37 | Brookfield Property Partners | 0.1% | $1.0m | 56,002 | 1% | added | |
| 38 | Leucadia National Corp | 0.1% | $891.0k | 31,832 | -2% | reduced | |
| 39 | VCSH Vanguard ST Corp Bond ETF | 0.1% | $889.0k | 11,116 | -4% | reduced | |
| 40 | SPDR Lehman Intl Treasury | 0.1% | $872.0k | 14,683 | -9% | reduced | |
| 41 | Alleghany Corp | 0.1% | $866.0k | 2,125 | -2% | reduced | |
| 42 | White Mountains Insurance | 0.1% | $864.0k | 1,441 | -2% | reduced | |
| 43 | WY Weyehaeuser Company | Real Estate | 0.1% | $848.0k | 28,885 | -3% | reduced |
| 44 | American Express Company | 0.1% | $820.0k | 9,107 | 0% | held | |
| 45 | ZBH Zimmer Holdings Inc | Healthcare | 0.1% | $809.0k | 8,551 | – | new |
| 46 | XEL XCEL Energy Inc | Utilities | 0.1% | $789.0k | 26,000 | 0% | held |
| 47 | VGK Vanguard European VIPER | 0.1% | $765.0k | 12,981 | -3% | reduced | |
| 48 | Pizza Inn Holdings | 0.1% | $764.0k | 126,530 | 0% | held | |
| 49 | Automatic Data Processing | 0.1% | $753.0k | 9,744 | 0% | held | |
| 50 | Vanguard Value ETF | 0.1% | $716.0k | 9,162 | -3% | reduced |
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.