Bares Capital Management 13F holdings, Q3 2023
Holdings as of September 30, 2023 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 37 US equity positions worth $2.3bn in its Q3 2023 13F filing. The largest position was WDAY at 15.0% of the reported book, followed by ETSY and PEGA. Against the Q2 2023 filing, it opened 0 new positions, added to 8 and reduced 16 among the top 37 holdings.
What did Bares Capital Management own in Q3 2023? Top 37 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2023 |
|---|---|---|---|---|---|---|---|
| 1 | WDAY Workday Inc. | Technology | 15.0% | $352.3m | 1,639,542 | -22% | reduced |
| 2 | ETSY Etsy Inc | Consumer Cyclical | 11.2% | $261.1m | 4,043,715 | 58% | added |
| 3 | PEGA Pegasystems Inc | Technology | 10.7% | $250.5m | 5,771,353 | -1% | reduced |
| 4 | IBKR Interactive Brokers Group Inc | Financial Services | 9.5% | $222.1m | 2,566,395 | -0% | held |
| 5 | XYZ Block Inc | Technology | 8.3% | $194.7m | 4,399,425 | 0% | held |
| 6 | CSGP CoStar Group | Real Estate | 6.8% | $158.8m | 2,065,105 | -1% | reduced |
| 7 | ALGN Align Technology Inc. | Healthcare | 6.0% | $141.3m | 462,911 | -16% | reduced |
| 8 | W Wayfair Inc | Consumer Cyclical | 5.8% | $136.9m | 2,260,786 | -0% | held |
| 9 | RDFN Redfin Corp | 5.0% | $116.9m | 16,606,557 | -4% | reduced | |
| 10 | Alteryx Inc | 3.8% | $89.0m | 2,361,169 | 10% | added | |
| 11 | XPEL XPEL Inc. | 2.1% | $49.6m | 642,771 | -0% | held | |
| 12 | ALRM Alarm.com Holdings Inc. | Technology | 1.7% | $40.8m | 667,819 | -0% | held |
| 13 | TWLO Twilio Inc. | Technology | 0.8% | $19.5m | 333,472 | 0% | held |
| 14 | CMPR Cimpress NV | Industrials | 0.8% | $19.4m | 277,531 | -1% | reduced |
| 15 | GWRE Guidewire Software Inc. | Technology | 0.8% | $18.2m | 202,664 | -11% | reduced |
| 16 | AGYS AGILYSYS INC COM | Technology | 0.8% | $18.2m | 275,000 | 2% | added |
| 17 | FC FRANKLIN COVEY CO COM | Consumer Defensive | 0.8% | $17.7m | 412,801 | 2% | added |
| 18 | WideOpenWest Inc | 0.8% | $17.6m | 2,298,210 | 19% | added | |
| 19 | UPWK Upwork Inc | Communication Services | 0.7% | $16.6m | 1,460,000 | 0% | held |
| 20 | Despegar.com Corp | 0.7% | $16.6m | 2,283,883 | -2% | reduced | |
| 21 | PD Pagerduty Inc | Technology | 0.7% | $15.7m | 696,283 | 49% | added |
| 22 | SNEX StoneX Group Inc | Financial Services | 0.7% | $15.4m | 159,000 | -1% | reduced |
| 23 | Triumph Financial Inc | 0.6% | $15.0m | 231,388 | 192% | added | |
| 24 | ONTO Onto Innovation Inc. | Technology | 0.6% | $14.3m | 112,000 | -18% | reduced |
| 25 | ESI Element Solutions Inc. | Basic Materials | 0.6% | $13.6m | 695,129 | -14% | reduced |
| 26 | EVTC Evertec Inc | Technology | 0.5% | $12.6m | 340,000 | 0% | held |
| 27 | IRMD IRADIMED CORP | Healthcare | 0.5% | $12.3m | 277,000 | 0% | held |
| 28 | TDUP ThredUp Inc - Ordinary Shares - Class A | Consumer Cyclical | 0.5% | $12.0m | 3,000,000 | 0% | held |
| 29 | SSTI Soundthinking Inc | Technology | 0.5% | $11.9m | 667,508 | 13% | added |
| 30 | ATRO Astronics Corporation | Industrials | 0.5% | $11.5m | 722,118 | -1% | reduced |
| 31 | OLOGBX OLO Inc | 0.4% | $10.0m | 1,654,863 | -24% | reduced | |
| 32 | Model N Inc | 0.4% | $8.4m | 345,000 | 0% | held | |
| 33 | FTCHQ Farfetch Ltd | Consumer Cyclical | 0.4% | $8.3m | 3,965,887 | -0% | held |
| 34 | HCAT Health Catalyst Inc | Healthcare | 0.3% | $7.1m | 700,000 | -10% | reduced |
| 35 | Zuora Inc | 0.3% | $6.6m | 800,000 | -11% | reduced | |
| 36 | PZZA Papa John`s International Inc. | Consumer Cyclical | 0.2% | $4.5m | 66,000 | -43% | reduced |
| 37 | INMD Inmode Ltd | Healthcare | 0.2% | $4.0m | 130,000 | 0% | held |
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.