Bares Capital Management 13F holdings, Q2 2018
Holdings as of June 30, 2018 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 22 US equity positions worth $2.9bn in its Q2 2018 13F filing. The largest position was IBKR at 11.3% of the reported book, followed by CSGP and TRIP. Against the Q1 2018 filing, it opened 7 new positions, added to 9 and reduced 3 among the top 22 holdings.
What did Bares Capital Management own in Q2 2018? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2018 |
|---|---|---|---|---|---|---|---|
| 1 | IBKR Interactive Brokers Group Inc | Financial Services | 11.3% | $324.9m | 5,044,137 | 4% | added |
| 2 | CSGP CoStar Group | Real Estate | 9.0% | $259.0m | 627,780 | 1% | added |
| 3 | TRIP TripAdvisor, Inc | Consumer Cyclical | 8.5% | $244.8m | 4,394,668 | 4% | added |
| 4 | IT Gartner Inc. | Technology | 7.6% | $217.2m | 1,634,024 | 3% | added |
| 5 | Platform Specialty Products Co | 7.3% | $208.4m | 17,962,209 | 0% | held | |
| 6 | FAST Fastenal Company | Industrials | 6.6% | $187.8m | 3,902,198 | 4% | added |
| 7 | AKX Ansys, Inc. | 6.5% | $187.3m | 1,075,286 | 0% | held | |
| 8 | BOX Box, Inc | Technology | 6.3% | $180.3m | 7,214,196 | -1% | reduced |
| 9 | UA Under Armour INC CL C | Consumer Cyclical | 6.3% | $179.9m | 8,535,681 | 3% | added |
| 10 | MIDD Middleby Corp | Industrials | 5.7% | $163.1m | 1,561,494 | – | new |
| 11 | National Instruments Corp. | 5.4% | $156.0m | 3,716,187 | 5% | added | |
| 12 | WAT Waters Corporation | Healthcare | 5.3% | $151.3m | 781,463 | 5% | added |
| 13 | ALRM Alarm.com Holdings, Inc. | Technology | 4.8% | $137.4m | 3,402,644 | -0% | held |
| 14 | Colfax Corporation | 3.4% | $96.3m | 3,143,158 | -2% | reduced | |
| 15 | PZZA Papa John's International Inc. | Consumer Cyclical | 2.4% | $70.2m | 1,384,929 | – | new |
| 16 | SCOR comScore, Inc. | Technology | 2.4% | $68.6m | 3,146,608 | 25% | added |
| 17 | ELF Elf Beauty Inc | Consumer Defensive | 1.2% | $33.1m | 2,168,757 | -1% | reduced |
| 18 | WDAY Workday, Inc. | Technology | 0.0% | $392.0k | 3,234 | – | new |
| 19 | GWRE Guidewire Software, Inc. | Technology | 0.0% | $363.0k | 4,089 | – | new |
| 20 | XYZ Square Inc | Technology | 0.0% | $359.0k | 5,824 | – | new |
| 21 | TYL Tyler Technologies, Inc. | Technology | 0.0% | $352.0k | 1,587 | – | new |
| 22 | Athenahealth, Inc. | 0.0% | $296.0k | 1,858 | – | new |
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.