Bares Capital Management 13F holdings, Q4 2019
Holdings as of December 31, 2019 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 23 US equity positions worth $3.6bn in its Q4 2019 13F filing. The largest position was WDAY at 11.3% of the reported book, followed by W and IT. Against the Q3 2019 filing, it opened 1 new position, added to 11 and reduced 9 among the top 23 holdings.
What did Bares Capital Management own in Q4 2019? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2019 |
|---|---|---|---|---|---|---|---|
| 1 | WDAY Workday, Inc. | Technology | 11.3% | $404.2m | 2,457,908 | 20% | added |
| 2 | W Wayfair Inc | Consumer Cyclical | 11.2% | $398.8m | 4,413,102 | 84% | added |
| 3 | IT Gartner Inc. | Technology | 10.4% | $370.4m | 2,403,892 | -1% | reduced |
| 4 | IBKR Interactive Brokers Group Inc | Financial Services | 9.8% | $348.4m | 7,473,615 | 0% | held |
| 5 | ALGN Align Technology Inc. | Healthcare | 9.3% | $332.2m | 1,190,404 | 13% | added |
| 6 | XYZ Square Inc | Technology | 9.1% | $324.4m | 5,185,949 | 7% | added |
| 7 | PEGA Pegasystems Inc | Technology | 8.0% | $284.9m | 3,576,363 | 675% | added |
| 8 | CSGP CoStar Group | Real Estate | 6.2% | $219.8m | 367,411 | 1% | added |
| 9 | UA Under Armour INC CL C | Consumer Cyclical | 5.6% | $197.9m | 10,318,273 | -0% | held |
| 10 | ESI Element Solutions Inc. | Basic Materials | 3.6% | $129.5m | 11,088,703 | -11% | reduced |
| 11 | BOX Box, Inc | Technology | 2.8% | $99.7m | 5,942,871 | -8% | reduced |
| 12 | PZZA Papa John's International Inc. | Consumer Cyclical | 2.1% | $74.2m | 1,174,963 | -19% | reduced |
| 13 | ALRM Alarm.com Holdings, Inc. | Technology | 1.8% | $65.5m | 1,524,386 | 27% | added |
| 14 | Zuora Inc | 1.2% | $43.3m | 3,018,897 | 11% | added | |
| 15 | TYL Tyler Technologies, Inc. | Technology | 1.1% | $38.9m | 129,657 | 1% | added |
| 16 | CMPR Cimpress NV | Industrials | 1.1% | $38.7m | 307,601 | – | new |
| 17 | GWRE Guidewire Software, Inc. | Technology | 1.0% | $37.4m | 340,444 | 11% | added |
| 18 | MIDD Middleby Corp | Industrials | 1.0% | $36.5m | 333,221 | 5% | added |
| 19 | FAST Fastenal Company | Industrials | 0.9% | $33.4m | 902,881 | -87% | reduced |
| 20 | Despegar.com Corp | 0.8% | $29.4m | 2,182,693 | -6% | reduced | |
| 21 | National Instruments Corp. | 0.8% | $26.9m | 634,398 | -55% | reduced | |
| 22 | TRIP TripAdvisor, Inc | Consumer Cyclical | 0.6% | $20.7m | 680,611 | -85% | reduced |
| 23 | SCOR comScore, Inc. | Technology | 0.3% | $10.7m | 2,165,828 | -9% | 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.