Bares Capital Management 13F holdings, Q3 2020
Holdings as of September 30, 2020 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 26 US equity positions worth $4.7bn in its Q3 2020 13F filing. The largest position was XYZ at 19.5% of the reported book, followed by W and WDAY. Against the Q2 2020 filing, it opened 1 new position, added to 6 and reduced 18 among the top 26 holdings.
What did Bares Capital Management own in Q3 2020? Top 26 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2020 |
|---|---|---|---|---|---|---|---|
| 1 | XYZ Square Inc | Technology | 19.5% | $925.3m | 5,692,211 | -9% | reduced |
| 2 | W Wayfair Inc | Consumer Cyclical | 15.8% | $749.9m | 2,576,946 | -14% | reduced |
| 3 | WDAY Workday, Inc. | Technology | 12.5% | $592.7m | 2,755,186 | -3% | reduced |
| 4 | PEGA Pegasystems Inc | Technology | 12.0% | $568.5m | 4,697,165 | -0% | held |
| 5 | ALGN Align Technology Inc. | Healthcare | 8.1% | $384.5m | 1,174,452 | -16% | reduced |
| 6 | CSGP CoStar Group | Real Estate | 6.6% | $312.5m | 368,264 | -1% | reduced |
| 7 | Alteryx Inc | 6.6% | $311.3m | 2,741,498 | 68% | added | |
| 8 | IT Gartner Inc. | Technology | 6.3% | $296.2m | 2,370,180 | -2% | reduced |
| 9 | IBKR Interactive Brokers Group Inc | Financial Services | 5.6% | $266.4m | 5,512,620 | -3% | reduced |
| 10 | TWLO Twilio Inc. | Technology | 0.9% | $44.4m | 179,661 | -33% | reduced |
| 11 | FTCHQ Farfetch Ltd | Consumer Cyclical | 0.9% | $42.4m | 1,685,071 | 47% | added |
| 12 | MIDD Middleby Corp | Industrials | 0.8% | $39.5m | 439,970 | 6% | added |
| 13 | GWRE Guidewire Software, Inc. | Technology | 0.8% | $38.4m | 368,215 | -18% | reduced |
| 14 | National Instruments Corp. | 0.6% | $28.7m | 803,602 | 12% | added | |
| 15 | TYL Tyler Technologies, Inc. | Technology | 0.5% | $26.0m | 74,557 | -13% | reduced |
| 16 | ALRM Alarm.com Holdings, Inc. | Technology | 0.4% | $20.3m | 366,891 | -20% | reduced |
| 17 | PD Pagerduty Inc | Technology | 0.3% | $16.5m | 607,490 | 94% | added |
| 18 | BOX Box, Inc | Technology | 0.3% | $13.7m | 786,793 | -45% | reduced |
| 19 | ESI Element Solutions Inc. | Basic Materials | 0.3% | $13.4m | 1,277,820 | -28% | reduced |
| 20 | SFIX Stitch Fix | Consumer Cyclical | 0.3% | $12.7m | 469,745 | – | new |
| 21 | Mimecast Limited | 0.2% | $10.6m | 225,774 | 50% | added | |
| 22 | PZZA Papa John's International Inc. | Consumer Cyclical | 0.2% | $8.5m | 103,483 | -15% | reduced |
| 23 | Zuora Inc | 0.1% | $5.6m | 540,884 | -48% | reduced | |
| 24 | CMPR Cimpress NV | Industrials | 0.1% | $3.8m | 51,211 | -1% | reduced |
| 25 | Despegar.com Corp | 0.1% | $3.7m | 579,164 | -1% | reduced | |
| 26 | ATRO Astronics Corporation | Industrials | 0.0% | $1.4m | 183,502 | -1% | 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.