Bares Capital Management 13F holdings, Q2 2014
Holdings as of June 30, 2014 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 63 US equity positions worth $1.2bn in its Q2 2014 13F filing. The largest position was POST at 10.3% of the reported book, followed by Actuant Corporation and Colfax Corporation. Against the Q1 2014 filing, it opened 5 new positions, added to 17 and reduced 12 among the top 50 holdings.
What did Bares Capital Management own in Q2 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2014 |
|---|---|---|---|---|---|---|---|
| 1 | POST Post Holdings Inc | Consumer Defensive | 10.3% | $125.7m | 2,468,696 | 8% | added |
| 2 | Actuant Corporation | 9.9% | $121.2m | 3,506,986 | 1% | added | |
| 3 | Colfax Corporation | 9.6% | $117.3m | 1,573,906 | 0% | held | |
| 4 | RealD Inc. | 8.5% | $104.2m | 8,163,458 | 0% | held | |
| 5 | XPO XPO Logistics, Inc. | Industrials | 7.6% | $92.2m | 3,220,293 | -9% | reduced |
| 6 | MIDD The Middleby Corporation | Industrials | 7.2% | $87.5m | 1,058,070 | 208% | added |
| 7 | Corporate Executive Board | 7.2% | $87.4m | 1,281,518 | 6% | added | |
| 8 | Platform Specialty Produc | 6.4% | $77.5m | 2,763,285 | 5% | added | |
| 9 | US Ecology, Inc. | 5.5% | $66.8m | 1,363,993 | 0% | held | |
| 10 | HEI/A Heico CP CL A | 4.8% | $58.3m | 1,436,671 | 18% | added | |
| 11 | America's Car-Mart Inc. | 4.1% | $49.6m | 1,254,297 | 3% | added | |
| 12 | INTL FCStone Inc. | 2.9% | $35.7m | 1,794,027 | -32% | reduced | |
| 13 | WINA Winmark Corp. | Consumer Cyclical | 2.8% | $34.7m | 497,975 | -40% | reduced |
| 14 | GHM Graham Corp. | 1.7% | $20.4m | 584,674 | 30% | added | |
| 15 | Reis, Inc | 1.5% | $18.1m | 859,552 | -2% | reduced | |
| 16 | Female Health Co. | 1.3% | $16.2m | 2,948,773 | -34% | reduced | |
| 17 | UTMD Utah Medical Products | 1.3% | $15.6m | 303,667 | -23% | reduced | |
| 18 | MLAB Mesa Laboratories Inc. | Technology | 1.1% | $13.6m | 161,758 | 34% | added |
| 19 | Cherokee, Inc. | 1.0% | $12.4m | 814,427 | -23% | reduced | |
| 20 | OFLX Omega Flex, Inc. | Industrials | 0.9% | $10.9m | 554,640 | -1% | reduced |
| 21 | TLF Tandy Leather Factory Inc | 0.8% | $9.2m | 1,012,182 | -38% | reduced | |
| 22 | JTH Holding, Inc. | 0.3% | $4.3m | 127,846 | 22% | added | |
| 23 | COP ConocoPhillips | Energy | 0.2% | $2.6m | 30,000 | 0% | held |
| 24 | VWO Vanguard Emerging Markets | 0.2% | $2.4m | 54,551 | 18% | added | |
| 25 | Brookfield Asset Manageme | 0.2% | $2.1m | 48,625 | 3% | added | |
| 26 | BRK/B Berkshire Hathaway Inc 'B | 0.2% | $2.1m | 16,512 | – | new | |
| 27 | Interactive Intelligence | 0.2% | $2.1m | 37,206 | 0% | held | |
| 28 | BRK/A Berkshire Hathaway Inc 'A | 0.1% | $1.7m | 9 | – | new | |
| 29 | Brookfield Property Partn | 0.1% | $1.6m | 74,686 | 33% | added | |
| 30 | MORN Morningstar, Inc | Financial Services | 0.1% | $1.4m | 19,315 | 0% | held |
| 31 | GLRE Greenlight Capital Re, Lt | Financial Services | 0.1% | $1.2m | 37,534 | 0% | held |
| 32 | EXPD Expeditors International | Industrials | 0.1% | $1.2m | 27,968 | 0% | held |
| 33 | OXY Occidental Petroleum | Energy | 0.1% | $1.2m | 12,000 | 0% | held |
| 34 | Alleghany Corp. | 0.1% | $1.2m | 2,769 | – | new | |
| 35 | PSX Phillips 66 Common Stock | Energy | 0.1% | $1.2m | 15,000 | 0% | held |
| 36 | White Mountains Insurance | 0.1% | $1.2m | 1,926 | 34% | added | |
| 37 | Ultra Petroleum Corp. | 0.1% | $1.2m | 39,274 | -34% | reduced | |
| 38 | Leucadia National Corp. | 0.1% | $1.1m | 42,750 | 34% | added | |
| 39 | CSWC Capital Southwest Corpora | 0.1% | $1.1m | 30,784 | 1% | added | |
| 40 | WY Weyehaeuser Company | Real Estate | 0.1% | $953.0k | 28,797 | -0% | held |
| 41 | ZBH Zimmer Holdings, Inc. | Healthcare | 0.1% | $888.0k | 8,551 | 0% | held |
| 42 | SPDR Lehman Intl Treasury | 0.1% | $887.0k | 14,593 | -1% | reduced | |
| 43 | AXP American Express Company | Financial Services | 0.1% | $864.0k | 9,107 | – | new |
| 44 | XEL XCEL Energy Inc. | Utilities | 0.1% | $838.0k | 26,000 | 0% | held |
| 45 | VCSH Vanguard ST Corp Bond ETF | 0.1% | $817.0k | 10,160 | -9% | reduced | |
| 46 | Kinder Morgan Energy LP | 0.1% | $789.0k | 9,600 | 0% | held | |
| 47 | Pizza Inn Holdings | 0.1% | $788.0k | 126,530 | 0% | held | |
| 48 | ADP Automatic Data Processing | Technology | 0.1% | $773.0k | 9,744 | – | new |
| 49 | Vanguard Value ETF | 0.1% | $747.0k | 9,231 | 1% | added | |
| 50 | SPDR S&P Middle East & Af | 0.1% | $716.0k | 9,773 | 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.