Bares Capital Management 13F holdings, Q3 2019
Holdings as of September 30, 2019 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 24 US equity positions worth $3.3bn in its Q3 2019 13F filing. The largest position was IBKR at 12.0% of the reported book, followed by WDAY and IT. Against the Q2 2019 filing, it opened 1 new position, added to 9 and reduced 14 among the top 24 holdings.
What did Bares Capital Management own in Q3 2019? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2019 |
|---|---|---|---|---|---|---|---|
| 1 | IBKR Interactive Brokers Group Inc | Financial Services | 12.0% | $400.0m | 7,438,214 | 3% | added |
| 2 | WDAY Workday, Inc. | Technology | 10.4% | $348.1m | 2,048,145 | 12% | added |
| 3 | IT Gartner Inc. | Technology | 10.4% | $347.0m | 2,426,582 | 3% | added |
| 4 | XYZ Square Inc | Technology | 9.0% | $301.4m | 4,864,538 | 34% | added |
| 5 | W Wayfair Inc | Consumer Cyclical | 8.1% | $269.2m | 2,401,442 | 44% | added |
| 6 | FAST Fastenal Company | Industrials | 6.8% | $225.3m | 6,896,773 | -21% | reduced |
| 7 | CSGP CoStar Group | Real Estate | 6.5% | $215.4m | 363,154 | -32% | reduced |
| 8 | ALGN Align Technology Inc. | Healthcare | 5.7% | $189.9m | 1,049,513 | 897% | added |
| 9 | UA Under Armour INC CL C | Consumer Cyclical | 5.6% | $187.3m | 10,333,299 | 3% | added |
| 10 | TRIP TripAdvisor, Inc | Consumer Cyclical | 5.2% | $172.2m | 4,451,920 | 3% | added |
| 11 | ESI Element Solutions Inc. | Basic Materials | 3.8% | $127.3m | 12,504,251 | -24% | reduced |
| 12 | BOX Box, Inc | Technology | 3.2% | $106.9m | 6,457,542 | -24% | reduced |
| 13 | PZZA Papa John's International Inc. | Consumer Cyclical | 2.3% | $75.8m | 1,447,403 | -23% | reduced |
| 14 | National Instruments Corp. | 1.8% | $59.2m | 1,410,811 | -65% | reduced | |
| 15 | ALRM Alarm.com Holdings, Inc. | Technology | 1.7% | $56.1m | 1,202,590 | -18% | reduced |
| 16 | Cimpress NV | 1.3% | $44.0m | 333,655 | -23% | reduced | |
| 17 | Zuora Inc | 1.2% | $40.9m | 2,718,747 | 12% | added | |
| 18 | MIDD Middleby Corp | Industrials | 1.1% | $37.3m | 318,695 | -24% | reduced |
| 19 | TYL Tyler Technologies, Inc. | Technology | 1.0% | $33.7m | 128,205 | -4% | reduced |
| 20 | GWRE Guidewire Software, Inc. | Technology | 1.0% | $32.2m | 305,601 | -2% | reduced |
| 21 | PEGA Pegasystems Inc | Technology | 0.9% | $31.4m | 461,363 | – | new |
| 22 | Despegar.com Corp | 0.8% | $26.4m | 2,332,721 | -23% | reduced | |
| 23 | SCOR comScore, Inc. | Technology | 0.1% | $4.6m | 2,384,475 | -25% | reduced |
| 24 | ELF Elf Beauty Inc | Consumer Defensive | 0.0% | $194.0k | 11,052 | -99% | reduced |
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.