Bares Capital Management 13F holdings, Q3 2014
Holdings as of September 30, 2014 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 52 US equity positions worth $818.5m in its Q3 2014 13F filing. The largest position was Actuant Corporation at 13.1% of the reported book, followed by Colfax Corporation and MIDD. Against the Q2 2014 filing, it opened 3 new positions, added to 14 and reduced 15 among the top 50 holdings.
What did Bares Capital Management own in Q3 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2014 |
|---|---|---|---|---|---|---|---|
| 1 | Actuant Corporation | 13.1% | $106.8m | 3,500,556 | -0% | held | |
| 2 | Colfax Corporation | 12.0% | $98.2m | 1,723,461 | 10% | added | |
| 3 | MIDD The Middleby Corporation | Industrials | 11.0% | $90.1m | 1,022,890 | -3% | reduced |
| 4 | HEI/A Heico CP CL A | 9.3% | $76.4m | 1,895,941 | 32% | added | |
| 5 | RealD Inc. | 9.1% | $74.7m | 7,969,080 | -2% | reduced | |
| 6 | Platform Specialty Products Corpora | 8.0% | $65.7m | 2,627,380 | -5% | reduced | |
| 7 | US Ecology, Inc. | 7.8% | $63.6m | 1,360,337 | -0% | held | |
| 8 | Interactive Intelligence Group | 7.3% | $60.1m | 1,437,220 | 3763% | added | |
| 9 | Corporate Executive Board Co. | 7.2% | $59.0m | 981,791 | -23% | reduced | |
| 10 | America's Car-Mart Inc. | 6.1% | $49.6m | 1,253,425 | -0% | held | |
| 11 | PZZA Papa John's International Inc. | Consumer Cyclical | 4.1% | $33.2m | 829,791 | – | new |
| 12 | Brookfield Asset Management Inc. | 0.3% | $2.5m | 54,660 | 12% | added | |
| 13 | VWO Vanguard Emerging Markets VIPER | 0.3% | $2.4m | 58,493 | 7% | added | |
| 14 | COP ConocoPhillips | Energy | 0.3% | $2.3m | 30,000 | 0% | held |
| 15 | BRK/B Berkshire Hathaway Inc 'B' | 0.2% | $2.0m | 14,625 | -11% | reduced | |
| 16 | BRK/A Berkshire Hathaway Inc 'A' | 0.2% | $1.9m | 9 | 0% | held | |
| 17 | Brookfield Property Partners | 0.2% | $1.7m | 81,521 | 9% | added | |
| 18 | White Mountains Insurance Group | 0.2% | $1.6m | 2,503 | 30% | added | |
| 19 | POST Post Holdings Inc | Consumer Defensive | 0.2% | $1.5m | 44,040 | -98% | reduced |
| 20 | EXPD Expeditors International of Washing | Industrials | 0.2% | $1.4m | 35,248 | 26% | added |
| 21 | CSWC Capital Southwest Corporation | 0.2% | $1.4m | 37,892 | 23% | added | |
| 22 | PSX Phillips 66 Common Stock | Energy | 0.1% | $1.2m | 15,000 | 0% | held |
| 23 | Special Opportunities Fund, Inc. | 0.1% | $1.2m | 72,383 | – | new | |
| 24 | GLRE Greenlight Capital Re, Ltd. | Financial Services | 0.1% | $1.2m | 36,650 | -2% | reduced |
| 25 | OXY Occidental Petroleum | Energy | 0.1% | $1.2m | 12,000 | 0% | held |
| 26 | Alleghany Corp. | 0.1% | $1.2m | 2,754 | -1% | reduced | |
| 27 | MORN Morningstar, Inc | Financial Services | 0.1% | $1.1m | 16,695 | -14% | reduced |
| 28 | Leucadia National Corp. | 0.1% | $1.1m | 44,240 | 3% | added | |
| 29 | Ultra Petroleum Corp. | 0.1% | $947.0k | 40,702 | 4% | added | |
| 30 | Kinder Morgan Management LLC | 0.1% | $946.0k | 10,052 | 15% | added | |
| 31 | WY Weyehaeuser Company | Real Estate | 0.1% | $909.0k | 28,520 | -1% | reduced |
| 32 | Kinder Morgan Energy Partners | 0.1% | $895.0k | 9,600 | 0% | held | |
| 33 | ZBH Zimmer Holdings, Inc. | Healthcare | 0.1% | $860.0k | 8,551 | 0% | held |
| 34 | ADP Automatic Data Processing, Inc | Technology | 0.1% | $809.0k | 9,738 | -0% | held |
| 35 | AXP American Express Company | Financial Services | 0.1% | $791.0k | 9,032 | -1% | reduced |
| 36 | XEL XCEL Energy Inc. | Utilities | 0.1% | $790.0k | 26,000 | 0% | held |
| 37 | SPDR Lehman Intl Treasury Bond ETF | 0.1% | $725.0k | 12,639 | -13% | reduced | |
| 38 | VCSH Vanguard ST Corp Bond ETF | 0.1% | $680.0k | 8,518 | -16% | reduced | |
| 39 | SPDR S&P Middle East & Africa ETF | 0.1% | $675.0k | 9,704 | -1% | reduced | |
| 40 | ASCMA Ascent Capital Group | 0.1% | $667.0k | 11,084 | 125% | added | |
| 41 | CHH Choice Hotels International Inc. | Consumer Cyclical | 0.1% | $520.0k | 10,000 | 0% | held |
| 42 | Vanguard FTSE All-Wld ex-US SmCp Id | 0.1% | $517.0k | 5,067 | – | new | |
| 43 | PFE Pfizer Inc. | Healthcare | 0.1% | $490.0k | 16,579 | 0% | held |
| 44 | NNN National Retail Properties, Inc. | Real Estate | 0.1% | $484.0k | 14,000 | 0% | held |
| 45 | MSFT Microsoft Corp | Technology | 0.1% | $484.0k | 10,440 | -0% | held |
| 46 | EMR Emerson Electric Co. | Industrials | 0.1% | $482.0k | 7,705 | -0% | held |
| 47 | VCA Inc. | 0.0% | $386.0k | 9,802 | -3% | reduced | |
| 48 | CAG Conagra Food Inc | Consumer Defensive | 0.0% | $330.0k | 10,000 | 0% | held |
| 49 | UGI UGI Corp. | Utilities | 0.0% | $315.0k | 9,240 | 49% | added |
| 50 | MRK Merck & Company, Inc | Healthcare | 0.0% | $225.0k | 3,794 | 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.