Bares Capital Management 13F holdings, Q1 2019
Holdings as of March 31, 2019 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 23 US equity positions worth $3.6bn in its Q1 2019 13F filing. The largest position was IBKR at 10.5% of the reported book, followed by IT and WDAY. Against the Q4 2018 filing, it opened 2 new positions, added to 9 and reduced 12 among the top 23 holdings.
What did Bares Capital Management own in Q1 2019? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2018 |
|---|---|---|---|---|---|---|---|
| 1 | IBKR Interactive Brokers Group Inc | Financial Services | 10.5% | $372.7m | 7,184,569 | 4% | added |
| 2 | IT Gartner Inc. | Technology | 10.1% | $358.6m | 2,364,020 | 2% | added |
| 3 | WDAY Workday, Inc. | Technology | 9.9% | $353.2m | 1,831,649 | -5% | reduced |
| 4 | FAST Fastenal Company | Industrials | 8.1% | $287.0m | 4,462,114 | -6% | reduced |
| 5 | MIDD Middleby Corp | Industrials | 7.6% | $268.9m | 2,067,921 | -4% | reduced |
| 6 | CSGP CoStar Group | Real Estate | 7.2% | $257.0m | 551,097 | -7% | reduced |
| 7 | W Wayfair Inc | Consumer Cyclical | 6.6% | $236.5m | 1,593,189 | – | new |
| 8 | TRIP TripAdvisor, Inc | Consumer Cyclical | 6.5% | $230.9m | 4,487,421 | -14% | reduced |
| 9 | UA Under Armour INC CL C | Consumer Cyclical | 5.4% | $191.7m | 10,158,363 | -5% | reduced |
| 10 | National Instruments Corp. | 5.2% | $185.3m | 4,176,611 | -6% | reduced | |
| 11 | ESI Element Solutions Inc. | Basic Materials | 4.6% | $165.4m | 16,371,447 | -9% | reduced |
| 12 | BOX Box, Inc | Technology | 4.6% | $164.2m | 8,501,522 | -10% | reduced |
| 13 | PZZA Papa John's International Inc. | Consumer Cyclical | 2.8% | $99.2m | 1,872,812 | 19% | added |
| 14 | ALRM Alarm.com Holdings, Inc. | Technology | 2.7% | $94.8m | 1,460,378 | -58% | reduced |
| 15 | SCOR comScore, Inc. | Technology | 1.8% | $64.6m | 3,190,831 | -10% | reduced |
| 16 | XYZ Square Inc | Technology | 1.2% | $42.2m | 563,217 | 4% | added |
| 17 | GWRE Guidewire Software, Inc. | Technology | 0.9% | $32.9m | 338,233 | 3% | added |
| 18 | Cimpress NV | 0.9% | $30.5m | 380,986 | – | new | |
| 19 | ALGN Align Technology Inc. | Healthcare | 0.8% | $30.0m | 105,650 | 19% | added |
| 20 | AKX Ansys, Inc. | 0.8% | $28.8m | 157,454 | -7% | reduced | |
| 21 | TYL Tyler Technologies, Inc. | Technology | 0.8% | $28.5m | 139,640 | 7% | added |
| 22 | ELF Elf Beauty Inc | Consumer Defensive | 0.7% | $23.1m | 2,183,273 | 29% | added |
| 23 | Despegar.com Corp | 0.4% | $12.8m | 856,450 | 48% | added |
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.