Bares Capital Management 13F holdings, Q4 2018
Holdings as of December 31, 2018 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 23 US equity positions worth $3.3bn in its Q4 2018 13F filing. The largest position was IBKR at 11.5% of the reported book, followed by WDAY and IT. Against the Q3 2018 filing, it opened 3 new positions, added to 14 and reduced 4 among the top 23 holdings.
What did Bares Capital Management own in Q4 2018? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2018 |
|---|---|---|---|---|---|---|---|
| 1 | IBKR Interactive Brokers Group Inc | Financial Services | 11.5% | $378.7m | 6,929,471 | 18% | added |
| 2 | WDAY Workday, Inc. | Technology | 9.3% | $307.0m | 1,922,480 | 9% | added |
| 3 | IT Gartner Inc. | Technology | 9.0% | $296.7m | 2,320,549 | 6% | added |
| 4 | TRIP TripAdvisor, Inc | Consumer Cyclical | 8.6% | $282.9m | 5,244,018 | 3% | added |
| 5 | FAST Fastenal Company | Industrials | 7.5% | $248.5m | 4,751,902 | 4% | added |
| 6 | MIDD Middleby Corp | Industrials | 6.7% | $221.9m | 2,160,517 | 11% | added |
| 7 | National Instruments Corp. | 6.1% | $201.4m | 4,437,004 | 3% | added | |
| 8 | CSGP CoStar Group | Real Estate | 6.1% | $199.5m | 591,433 | 5% | added |
| 9 | ESI Element Solutions Inc. | Basic Materials | 5.7% | $186.7m | 18,070,958 | – | new |
| 10 | ALRM Alarm.com Holdings, Inc. | Technology | 5.4% | $178.6m | 3,442,336 | -3% | reduced |
| 11 | UA Under Armour INC CL C | Consumer Cyclical | 5.2% | $172.5m | 10,668,778 | 5% | added |
| 12 | WAT Waters Corporation | Healthcare | 5.2% | $169.9m | 900,685 | 0% | held |
| 13 | BOX Box, Inc | Technology | 4.8% | $158.8m | 9,407,600 | 25% | added |
| 14 | PZZA Papa John's International Inc. | Consumer Cyclical | 1.9% | $62.6m | 1,571,653 | -6% | reduced |
| 15 | SCOR comScore, Inc. | Technology | 1.5% | $50.9m | 3,529,171 | 0% | held |
| 16 | Colfax Corporation | 0.9% | $31.2m | 1,492,788 | -51% | reduced | |
| 17 | XYZ Square Inc | Technology | 0.9% | $30.4m | 541,591 | 46% | added |
| 18 | GWRE Guidewire Software, Inc. | Technology | 0.8% | $26.5m | 329,933 | 25% | added |
| 19 | TYL Tyler Technologies, Inc. | Technology | 0.7% | $24.1m | 129,940 | 32% | added |
| 20 | AKX Ansys, Inc. | 0.7% | $24.1m | 168,454 | 29% | added | |
| 21 | ALGN Align Technology Inc. | Healthcare | 0.6% | $18.6m | 88,850 | – | new |
| 22 | ELF Elf Beauty Inc | Consumer Defensive | 0.4% | $14.7m | 1,693,102 | -42% | reduced |
| 23 | Despegar.com Corp | 0.2% | $7.2m | 578,162 | – | 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.