Bares Capital Management 13F holdings, Q4 2020
Holdings as of December 31, 2020 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 26 US equity positions worth $5.4bn in its Q4 2020 13F filing. The largest position was XYZ at 21.3% of the reported book, followed by PEGA and WDAY. Against the Q3 2020 filing, it opened 0 new positions, added to 10 and reduced 12 among the top 26 holdings.
What did Bares Capital Management own in Q4 2020? Top 26 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2020 |
|---|---|---|---|---|---|---|---|
| 1 | XYZ Square Inc | Technology | 21.3% | $1.2bn | 5,304,676 | -7% | reduced |
| 2 | PEGA Pegasystems Inc | Technology | 12.8% | $693.9m | 5,207,286 | 11% | added |
| 3 | WDAY Workday, Inc. | Technology | 12.1% | $655.9m | 2,737,230 | -1% | reduced |
| 4 | W Wayfair Inc | Consumer Cyclical | 10.8% | $584.0m | 2,586,224 | 0% | held |
| 5 | ALGN Align Technology Inc. | Healthcare | 7.9% | $429.9m | 804,411 | -32% | reduced |
| 6 | Alteryx Inc | 7.6% | $409.3m | 3,360,792 | 23% | added | |
| 7 | IT Gartner Inc. | Technology | 7.1% | $386.4m | 2,412,029 | 2% | added |
| 8 | IBKR Interactive Brokers Group Inc | Financial Services | 6.2% | $334.9m | 5,496,555 | -0% | held |
| 9 | CSGP CoStar Group | Real Estate | 5.9% | $319.9m | 346,053 | -6% | reduced |
| 10 | FTCHQ Farfetch Ltd | Consumer Cyclical | 1.0% | $54.4m | 853,207 | -49% | reduced |
| 11 | TWLO Twilio Inc. | Technology | 0.9% | $47.7m | 141,061 | -21% | reduced |
| 12 | GWRE Guidewire Software, Inc. | Technology | 0.9% | $47.4m | 368,215 | 0% | held |
| 13 | MIDD Middleby Corp | Industrials | 0.8% | $41.4m | 320,970 | -27% | reduced |
| 14 | National Instruments Corp. | 0.7% | $37.5m | 853,602 | 6% | added | |
| 15 | ALRM Alarm.com Holdings, Inc. | Technology | 0.7% | $36.4m | 351,558 | -4% | reduced |
| 16 | TYL Tyler Technologies, Inc. | Technology | 0.6% | $32.5m | 74,557 | 0% | held |
| 17 | SFIX Stitch Fix | Consumer Cyclical | 0.5% | $27.4m | 467,202 | -1% | reduced |
| 18 | PD Pagerduty Inc | Technology | 0.5% | $27.4m | 656,354 | 8% | added |
| 19 | ESI Element Solutions Inc. | Basic Materials | 0.4% | $22.1m | 1,246,079 | -2% | reduced |
| 20 | BOX Box, Inc | Technology | 0.3% | $17.8m | 986,781 | 25% | added |
| 21 | Mimecast Limited | 0.3% | $16.7m | 294,234 | 30% | added | |
| 22 | CMPR Cimpress NV | Industrials | 0.2% | $9.0m | 102,708 | 101% | added |
| 23 | Despegar.com Corp | 0.1% | $7.7m | 600,164 | 4% | added | |
| 24 | PZZA Papa John's International Inc. | Consumer Cyclical | 0.1% | $6.2m | 73,232 | -29% | reduced |
| 25 | Zuora Inc | 0.1% | $4.6m | 332,673 | -38% | reduced | |
| 26 | ATRO Astronics Corporation | Industrials | 0.1% | $2.7m | 204,502 | 11% | added |
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.