Bares Capital Management 13F holdings, Q2 2023
Holdings as of June 30, 2023 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 38 US equity positions worth $2.9bn in its Q2 2023 13F filing. The largest position was WDAY at 16.5% of the reported book, followed by XYZ and PEGA. Against the Q1 2023 filing, it opened 1 new position, added to 15 and reduced 16 among the top 38 holdings.
What did Bares Capital Management own in Q2 2023? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2023 |
|---|---|---|---|---|---|---|---|
| 1 | WDAY Workday, Inc. | Technology | 16.5% | $476.2m | 2,108,127 | -5% | reduced |
| 2 | XYZ Block Inc | Technology | 10.1% | $292.1m | 4,388,049 | 8% | added |
| 3 | PEGA Pegasystems Inc | Technology | 9.9% | $286.3m | 5,807,593 | 9% | added |
| 4 | ETSY Etsy Inc | Consumer Cyclical | 7.5% | $216.9m | 2,563,060 | 28% | added |
| 5 | RDFN Redfin Corp | 7.4% | $215.2m | 17,323,280 | -4% | reduced | |
| 6 | IBKR Interactive Brokers Group Inc | Financial Services | 7.4% | $213.6m | 2,571,299 | -1% | reduced |
| 7 | ALGN Align Technology Inc. | Healthcare | 6.7% | $194.7m | 550,636 | -35% | reduced |
| 8 | CSGP CoStar Group | Real Estate | 6.4% | $186.2m | 2,092,627 | -0% | held |
| 9 | W Wayfair Inc | Consumer Cyclical | 5.1% | $147.5m | 2,268,735 | -0% | held |
| 10 | PLNT Planet Fitness Inc | Consumer Cyclical | 4.7% | $134.8m | 1,998,888 | 4% | added |
| 11 | Alteryx Inc | 3.4% | $97.7m | 2,151,519 | 1% | added | |
| 12 | XPEL XPEL Inc. | 1.9% | $54.2m | 643,848 | -1% | reduced | |
| 13 | ALRM Alarm.com Holdings Inc. | Technology | 1.2% | $34.5m | 668,050 | 6% | added |
| 14 | FTCHQ Farfetch Ltd | Consumer Cyclical | 0.8% | $24.0m | 3,970,887 | 0% | held |
| 15 | TWLO Twilio Inc. | Technology | 0.7% | $21.1m | 332,377 | 0% | held |
| 16 | AGYS AGILYSYS INC COM | Technology | 0.6% | $18.5m | 270,000 | -13% | reduced |
| 17 | FC FRANKLIN COVEY CO COM | Consumer Defensive | 0.6% | $17.8m | 406,461 | 49% | added |
| 18 | GWRE Guidewire Software, Inc. | Technology | 0.6% | $17.2m | 226,664 | -3% | reduced |
| 19 | CMPR Cimpress NV | Industrials | 0.6% | $16.7m | 280,913 | -3% | reduced |
| 20 | Despegar.com Corp | 0.6% | $16.4m | 2,320,090 | 9% | added | |
| 21 | WideOpenWest Inc | 0.6% | $16.4m | 1,937,520 | 35% | added | |
| 22 | ONTO Onto Innovation Inc. | Technology | 0.6% | $16.0m | 137,000 | -35% | reduced |
| 23 | ESI Element Solutions Inc. | Basic Materials | 0.5% | $15.5m | 807,664 | -11% | reduced |
| 24 | ATRO Astronics Corporation | Industrials | 0.5% | $14.5m | 730,618 | -20% | reduced |
| 25 | OLOGBX OLO Inc | 0.5% | $14.0m | 2,173,299 | 0% | held | |
| 26 | UPWK Upwork Inc | Communication Services | 0.5% | $13.6m | 1,460,000 | 82% | added |
| 27 | SNEX StoneX Group Inc | Financial Services | 0.5% | $13.3m | 160,000 | 40% | added |
| 28 | IRMD IRADIMED CORP | Healthcare | 0.5% | $13.2m | 277,000 | -13% | reduced |
| 29 | SSTI Soundthinking Inc | Technology | 0.4% | $13.0m | 592,987 | 140% | added |
| 30 | EVTC Evertec Inc | Technology | 0.4% | $12.5m | 340,000 | -22% | reduced |
| 31 | Model N Inc | 0.4% | $12.2m | 345,000 | 3% | added | |
| 32 | PD Pagerduty Inc | Technology | 0.4% | $10.5m | 467,590 | 2% | added |
| 33 | Zuora Inc | 0.3% | $9.9m | 900,000 | -14% | reduced | |
| 34 | HCAT Health Catalyst Inc | Healthcare | 0.3% | $9.8m | 780,000 | 73% | added |
| 35 | PZZA Papa John`s International Inc. | Consumer Cyclical | 0.3% | $8.6m | 116,000 | -34% | reduced |
| 36 | TDUP ThredUp Inc - Ordinary Shares - Class A | Consumer Cyclical | 0.3% | $7.3m | 3,000,000 | 0% | held |
| 37 | INMD Inmode Ltd | Healthcare | 0.2% | $4.9m | 130,000 | -43% | reduced |
| 38 | Triumph Financial, Inc | 0.2% | $4.8m | 79,166 | – | 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.