Bares Capital Management 13F holdings, Q1 2020
Holdings as of March 31, 2020 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 26 US equity positions worth $2.8bn in its Q1 2020 13F filing. The largest position was WDAY at 14.2% of the reported book, followed by XYZ and PEGA. Against the Q4 2019 filing, it opened 5 new positions, added to 10 and reduced 11 among the top 26 holdings.
What did Bares Capital Management own in Q1 2020? Top 26 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2019 |
|---|---|---|---|---|---|---|---|
| 1 | WDAY Workday, Inc. | Technology | 14.2% | $394.8m | 3,031,665 | 23% | added |
| 2 | XYZ Square Inc | Technology | 13.7% | $380.2m | 7,259,030 | 40% | added |
| 3 | PEGA Pegasystems Inc | Technology | 10.4% | $287.7m | 4,039,181 | 13% | added |
| 4 | ALGN Align Technology Inc. | Healthcare | 9.7% | $269.3m | 1,547,908 | 30% | added |
| 5 | IBKR Interactive Brokers Group Inc | Financial Services | 9.5% | $262.5m | 6,080,112 | -19% | reduced |
| 6 | W Wayfair Inc | Consumer Cyclical | 9.2% | $254.3m | 4,758,975 | 8% | added |
| 7 | IT Gartner Inc. | Technology | 9.1% | $251.3m | 2,523,939 | 5% | added |
| 8 | CSGP CoStar Group | Real Estate | 8.0% | $221.6m | 377,411 | 3% | added |
| 9 | UA Under Armour INC CL C | Consumer Cyclical | 2.6% | $72.8m | 9,038,426 | -12% | reduced |
| 10 | ESI Element Solutions Inc. | Basic Materials | 2.0% | $56.9m | 6,802,908 | -39% | reduced |
| 11 | BOX Box, Inc | Technology | 1.8% | $49.1m | 3,498,602 | -41% | reduced |
| 12 | ALRM Alarm.com Holdings, Inc. | Technology | 1.4% | $39.4m | 1,012,350 | -34% | reduced |
| 13 | GWRE Guidewire Software, Inc. | Technology | 1.4% | $39.3m | 495,544 | 46% | added |
| 14 | TYL Tyler Technologies, Inc. | Technology | 1.2% | $32.7m | 110,290 | -15% | reduced |
| 15 | TWLO Twilio Inc. | Technology | 0.9% | $24.7m | 276,438 | – | new |
| 16 | National Instruments Corp. | 0.9% | $23.9m | 722,832 | 14% | added | |
| 17 | MIDD Middleby Corp | Industrials | 0.8% | $22.4m | 393,810 | 18% | added |
| 18 | Zuora Inc | 0.7% | $19.7m | 2,445,681 | -19% | reduced | |
| 19 | PZZA Papa John's International Inc. | Consumer Cyclical | 0.6% | $17.9m | 336,210 | -71% | reduced |
| 20 | Alteryx Inc | 0.6% | $17.4m | 182,492 | – | new | |
| 21 | PD Pagerduty Inc | Technology | 0.3% | $9.7m | 559,573 | – | new |
| 22 | Despegar.com Corp | 0.3% | $7.5m | 1,330,897 | -39% | reduced | |
| 23 | CMPR Cimpress NV | Industrials | 0.3% | $7.1m | 132,915 | -57% | reduced |
| 24 | Mimecast Limited | 0.2% | $5.7m | 160,204 | – | new | |
| 25 | SCOR comScore, Inc. | Technology | 0.1% | $3.8m | 1,341,430 | -38% | reduced |
| 26 | ATRO Astronics Corporation | Industrials | 0.1% | $2.6m | 282,622 | – | 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.