Bares Capital Management 13F holdings, Q2 2020
Holdings as of June 30, 2020 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 25 US equity positions worth $4.1bn in its Q2 2020 13F filing. The largest position was XYZ at 16.2% of the reported book, followed by W and WDAY. Against the Q1 2020 filing, it opened 1 new position, added to 3 and reduced 21 among the top 25 holdings.
What did Bares Capital Management own in Q2 2020? Top 25 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2020 |
|---|---|---|---|---|---|---|---|
| 1 | XYZ Square Inc | Technology | 16.2% | $655.5m | 6,246,363 | -14% | reduced |
| 2 | W Wayfair Inc | Consumer Cyclical | 14.6% | $590.9m | 2,990,042 | -37% | reduced |
| 3 | WDAY Workday, Inc. | Technology | 13.2% | $533.8m | 2,849,238 | -6% | reduced |
| 4 | PEGA Pegasystems Inc | Technology | 11.8% | $477.2m | 4,716,487 | 17% | added |
| 5 | ALGN Align Technology Inc. | Healthcare | 9.5% | $384.7m | 1,401,657 | -9% | reduced |
| 6 | IT Gartner Inc. | Technology | 7.2% | $293.4m | 2,418,294 | -4% | reduced |
| 7 | Alteryx Inc | 6.6% | $267.3m | 1,627,230 | 792% | added | |
| 8 | CSGP CoStar Group | Real Estate | 6.5% | $264.2m | 371,810 | -1% | reduced |
| 9 | IBKR Interactive Brokers Group Inc | Financial Services | 5.9% | $238.6m | 5,711,303 | -6% | reduced |
| 10 | TWLO Twilio Inc. | Technology | 1.5% | $59.1m | 269,438 | -3% | reduced |
| 11 | GWRE Guidewire Software, Inc. | Technology | 1.2% | $50.1m | 451,544 | -9% | reduced |
| 12 | MIDD Middleby Corp | Industrials | 0.8% | $32.9m | 416,726 | 6% | added |
| 13 | ALRM Alarm.com Holdings, Inc. | Technology | 0.7% | $29.8m | 460,431 | -55% | reduced |
| 14 | TYL Tyler Technologies, Inc. | Technology | 0.7% | $29.8m | 85,840 | -22% | reduced |
| 15 | BOX Box, Inc | Technology | 0.7% | $29.8m | 1,433,211 | -59% | reduced |
| 16 | National Instruments Corp. | 0.7% | $27.7m | 715,092 | -1% | reduced | |
| 17 | FTCHQ Farfetch Ltd | Consumer Cyclical | 0.5% | $19.7m | 1,143,104 | – | new |
| 18 | ESI Element Solutions Inc. | Basic Materials | 0.5% | $19.1m | 1,762,994 | -74% | reduced |
| 19 | Zuora Inc | 0.3% | $13.3m | 1,044,134 | -57% | reduced | |
| 20 | PZZA Papa John's International Inc. | Consumer Cyclical | 0.2% | $9.6m | 121,438 | -64% | reduced |
| 21 | PD Pagerduty Inc | Technology | 0.2% | $9.0m | 313,516 | -44% | reduced |
| 22 | Mimecast Limited | 0.2% | $6.3m | 150,688 | -6% | reduced | |
| 23 | Despegar.com Corp | 0.1% | $4.2m | 583,316 | -56% | reduced | |
| 24 | CMPR Cimpress NV | Industrials | 0.1% | $3.9m | 51,606 | -61% | reduced |
| 25 | ATRO Astronics Corporation | Industrials | 0.0% | $2.0m | 184,940 | -35% | 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.