Bares Capital Management 13F holdings, Q1 2024
Holdings as of March 31, 2024 · filings on SEC EDGAR · latest filing →
Bares Capital Management disclosed 31 US equity positions worth $2.5bn in its Q1 2024 13F filing. The largest position was PEGA at 14.3% of the reported book, followed by XYZ and IBKR. Against the Q4 2023 filing, it opened 1 new position, added to 9 and reduced 16 among the top 31 holdings.
What did Bares Capital Management own in Q1 2024? Top 31 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2023 |
|---|---|---|---|---|---|---|---|
| 1 | PEGA Pegasystems Inc | Technology | 14.3% | $360.5m | 5,576,826 | -5% | reduced |
| 2 | XYZ Block Inc | Technology | 13.4% | $337.1m | 3,985,479 | -11% | reduced |
| 3 | IBKR Interactive Brokers Group Inc | Financial Services | 12.5% | $313.9m | 2,810,131 | 10% | added |
| 4 | WDAY Workday Inc. | Technology | 12.2% | $306.8m | 1,124,956 | -17% | reduced |
| 5 | ALGN Align Technology Inc. | Healthcare | 10.7% | $268.9m | 819,930 | 44% | added |
| 6 | ETSY Etsy Inc | Consumer Cyclical | 10.5% | $265.1m | 3,858,217 | -5% | reduced |
| 7 | CSGP CoStar Group | Real Estate | 6.1% | $152.5m | 1,578,735 | -20% | reduced |
| 8 | W Wayfair Inc | Consumer Cyclical | 4.9% | $124.6m | 1,836,082 | -17% | reduced |
| 9 | ALRM Alarm.com Holdings Inc. | Technology | 1.7% | $43.0m | 593,911 | -11% | reduced |
| 10 | XPEL XPEL Inc. | 1.6% | $39.2m | 726,082 | 0% | held | |
| 11 | VEEV Veeva Systems Inc. | Healthcare | 1.0% | $25.1m | 108,504 | – | new |
| 12 | Despegar.com Corp | 0.8% | $20.8m | 1,739,460 | -16% | reduced | |
| 13 | Triumph Financial Inc | 0.8% | $20.3m | 256,235 | 0% | held | |
| 14 | CMPR Cimpress NV | Industrials | 0.8% | $19.9m | 225,031 | -14% | reduced |
| 15 | FC FRANKLIN COVEY CO COM | Consumer Defensive | 0.7% | $18.1m | 461,661 | 1% | added |
| 16 | ESI Element Solutions Inc. | Basic Materials | 0.7% | $17.3m | 691,389 | -0% | held |
| 17 | ATRO Astronics Corporation | Industrials | 0.7% | $17.1m | 899,351 | 10% | added |
| 18 | Model N Inc | 0.6% | $16.1m | 565,000 | 0% | held | |
| 19 | Zuora Inc | 0.6% | $15.9m | 1,746,292 | 41% | added | |
| 20 | TWLO Twilio Inc. | Technology | 0.6% | $15.8m | 258,730 | -40% | reduced |
| 21 | AGYS AGILYSYS INC COM | Technology | 0.6% | $15.2m | 180,000 | -14% | reduced |
| 22 | ONTO Onto Innovation Inc. | Technology | 0.6% | $14.3m | 79,000 | -29% | reduced |
| 23 | UPWK Upwork Inc | Communication Services | 0.5% | $13.1m | 1,070,000 | -5% | reduced |
| 24 | EVTC Evertec Inc | Technology | 0.5% | $12.9m | 322,449 | -5% | reduced |
| 25 | SSTI Soundthinking Inc | Technology | 0.5% | $12.3m | 775,400 | 5% | added |
| 26 | IRMD IRADIMED CORP | Healthcare | 0.5% | $12.3m | 279,000 | 1% | added |
| 27 | PD Pagerduty Inc | Technology | 0.5% | $11.8m | 519,286 | -11% | reduced |
| 28 | WideOpenWest Inc | 0.5% | $11.5m | 3,169,204 | 20% | added | |
| 29 | SNEX StoneX Group Inc | Financial Services | 0.3% | $7.9m | 112,500 | -32% | reduced |
| 30 | TDUP ThredUp Inc - Ordinary Shares - Class A | Consumer Cyclical | 0.3% | $7.1m | 3,548,800 | 11% | added |
| 31 | HCAT Health Catalyst Inc | Healthcare | 0.1% | $3.4m | 450,000 | 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.