Bares Capital Management 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 39 US equity positions worth $2.8bn in its Q1 2023 13F filing. The largest position was WDAY at 16.3% of the reported book, followed by ALGN and XYZ. Against the Q4 2022 filing, it opened 1 new position, added to 12 and reduced 25 among the top 39 holdings.
What did Bares Capital Management own in Q1 2023? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | WDAY Workday, Inc. | Technology | 16.3% | $460.4m | 2,229,350 | -6% | reduced |
| 2 | ALGN Align Technology Inc. | Healthcare | 10.1% | $284.5m | 851,351 | -9% | reduced |
| 3 | XYZ Block Inc | Technology | 9.9% | $278.9m | 4,062,403 | -39% | reduced |
| 4 | PEGA Pegasystems Inc | Technology | 9.2% | $259.4m | 5,349,705 | -4% | reduced |
| 5 | ETSY Etsy Inc | Consumer Cyclical | 7.9% | $223.1m | 2,004,303 | 35% | added |
| 6 | IBKR Interactive Brokers Group Inc | Financial Services | 7.6% | $214.4m | 2,596,671 | -15% | reduced |
| 7 | RDFN Redfin Corp | 5.8% | $163.7m | 18,073,771 | -9% | reduced | |
| 8 | PLNT Planet Fitness Inc | Consumer Cyclical | 5.3% | $149.7m | 1,926,857 | -7% | reduced |
| 9 | CSGP CoStar Group | Real Estate | 5.1% | $144.7m | 2,101,058 | -3% | reduced |
| 10 | Alteryx Inc | 4.5% | $125.8m | 2,137,519 | -15% | reduced | |
| 11 | W Wayfair Inc | Consumer Cyclical | 2.8% | $77.9m | 2,268,935 | -8% | reduced |
| 12 | XPEL XPEL Inc. | 1.6% | $44.1m | 649,593 | -3% | reduced | |
| 13 | ALRM Alarm.com Holdings Inc. | Technology | 1.1% | $31.8m | 632,652 | -1% | reduced |
| 14 | AGYS AGILYSYS INC COM | Technology | 0.9% | $25.6m | 310,000 | -39% | reduced |
| 15 | TWLO Twilio Inc. | Technology | 0.8% | $22.1m | 332,377 | -17% | reduced |
| 16 | FTCHQ Farfetch Ltd | Consumer Cyclical | 0.7% | $19.5m | 3,970,887 | -14% | reduced |
| 17 | GWRE Guidewire Software, Inc. | Technology | 0.7% | $19.1m | 232,664 | -20% | reduced |
| 18 | ONTO Onto Innovation Inc. | Technology | 0.7% | $18.6m | 212,000 | 5% | added |
| 19 | National Instruments Corp. | 0.6% | $17.9m | 340,723 | -27% | reduced | |
| 20 | OLOGBX OLO Inc | 0.6% | $17.7m | 2,165,424 | -9% | reduced | |
| 21 | ESI Element Solutions Inc. | Basic Materials | 0.6% | $17.4m | 902,664 | -5% | reduced |
| 22 | HESKA CORP COM RESTRC NEW | 0.6% | $16.1m | 165,000 | 49% | added | |
| 23 | PD Pagerduty Inc | Technology | 0.6% | $16.1m | 459,940 | -42% | reduced |
| 24 | WideOpenWest Inc | 0.5% | $15.2m | 1,430,000 | 14% | added | |
| 25 | EVTC Evertec Inc | Technology | 0.5% | $14.7m | 435,000 | 7% | added |
| 26 | PZZA Papa John`s International Inc. | Consumer Cyclical | 0.5% | $13.1m | 175,000 | 15% | added |
| 27 | Despegar.com Corp | 0.5% | $13.0m | 2,123,721 | 8% | added | |
| 28 | CMPR Cimpress NV | Industrials | 0.5% | $12.7m | 290,913 | -34% | reduced |
| 29 | IRMD IRADIMED CORP | Healthcare | 0.4% | $12.5m | 317,000 | 17% | added |
| 30 | ATRO Astronics Corporation | Industrials | 0.4% | $12.2m | 913,294 | -41% | reduced |
| 31 | SNEX StoneX Group Inc | Financial Services | 0.4% | $11.8m | 114,000 | 131% | added |
| 32 | Model N Inc | 0.4% | $11.2m | 335,000 | -18% | reduced | |
| 33 | FC FRANKLIN COVEY CO COM | Consumer Defensive | 0.4% | $10.5m | 273,060 | 61% | added |
| 34 | Zuora Inc | 0.4% | $10.4m | 1,048,947 | -38% | reduced | |
| 35 | SSTI SHOTSPOTTER INC COM | Technology | 0.3% | $9.7m | 246,689 | – | new |
| 36 | UPWK Upwork Inc | Communication Services | 0.3% | $9.1m | 800,000 | 60% | added |
| 37 | TDUP ThredUp Inc - Ordinary Shares - Class A | Consumer Cyclical | 0.3% | $7.6m | 3,000,000 | -0% | held |
| 38 | INMD Inmode Ltd | Healthcare | 0.3% | $7.4m | 230,000 | 51% | added |
| 39 | HCAT Health Catalyst Inc | Healthcare | 0.2% | $5.3m | 450,000 | -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.