$1.02 Billion is the total value of Bares Capital Management's 69 reported holdings in Q2 2013. The portfolio turnover from Q1 2013 to Q2 2013 was 22.5% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| APEI | Buy | American Public Education | $100,219,000 | +56.4% | 2,696,956 | +46.9% | 9.80% | +19.1% |
| ININ | Sell | Interactive Intelligence | $85,934,000 | -4.1% | 1,665,392 | -17.6% | 8.41% | -27.0% |
| RLD | Buy | RealD Inc | $82,125,000 | +34.5% | 5,908,242 | +25.8% | 8.04% | +2.4% |
| CFX | Buy | Colfax Corporation | $76,803,000 | +34.8% | 1,473,864 | +20.4% | 7.51% | +2.6% |
| EPAC | Buy | Actuant Corporationcl a new | $76,590,000 | +84.9% | 2,323,015 | +71.7% | 7.49% | +40.7% |
| CEB | Buy | Corporate Executive Board | $75,165,000 | +59.9% | 1,188,940 | +47.1% | 7.35% | +21.7% |
| MASI | Buy | Masimo Corporation | $64,394,000 | +56.6% | 3,037,471 | +44.9% | 6.30% | +19.2% |
| MIDD | Buy | The Middleby Corporation | $59,470,000 | +54.6% | 349,637 | +38.3% | 5.82% | +17.7% |
| INTL | Buy | INTL FCStone Inc | $54,887,000 | +0.3% | 3,145,390 | +0.1% | 5.37% | -23.6% |
| WINA | Winmark Corp | $54,251,000 | +3.0% | 836,300 | 0.0% | 5.31% | -21.6% | |
| FHCO | Buy | Female Health Co | $40,675,000 | +36.2% | 4,125,296 | +0.0% | 3.98% | +3.7% |
| XPO | Buy | XPO Logistics Inc | $33,510,000 | +70.4% | 1,852,425 | +58.6% | 3.28% | +29.7% |
| HEIA | Buy | Heico CP CL Acl a | $31,146,000 | +50.4% | 843,840 | +39.8% | 3.05% | +14.5% |
| TZOO | Buy | Travelzoo Inc | $27,708,000 | +39.2% | 1,016,427 | +9.1% | 2.71% | +6.0% |
| POST | New | Post Holdings Inc | $27,397,000 | – | 627,519 | +100.0% | 2.68% | – |
| UTMD | Sell | Utah Medical Products | $22,937,000 | +11.2% | 422,415 | -0.1% | 2.24% | -15.3% |
| HALL | Sell | Hallmark Financial Servic | $15,513,000 | -9.5% | 1,697,243 | -10.9% | 1.52% | -31.1% |
| MORN | Buy | Morningstar Inc | $13,630,000 | +17.1% | 175,687 | +5.5% | 1.33% | -10.9% |
| TLFA | Sell | Tandy Leather Factory Inc | $12,704,000 | +9.1% | 1,632,863 | -0.1% | 1.24% | -16.9% |
| CHKE | Buy | Cherokee Inc | $12,263,000 | +23.0% | 959,563 | +31.8% | 1.20% | -6.3% |
| OFLX | Omega Flex Inc | $8,134,000 | -13.5% | 547,009 | 0.0% | 0.80% | -34.1% | |
| New | Abaxis Inc | $7,186,000 | – | 151,246 | +100.0% | 0.70% | – | |
| REIS | Buy | Reis Inc | $3,837,000 | +19.2% | 207,500 | +0.1% | 0.38% | -9.4% |
| Berkshire Hathaway Inc Bcl b new | $2,012,000 | +7.4% | 17,981 | 0.0% | 0.20% | -18.3% | ||
| COP | ConocoPhillips | $1,815,000 | +0.7% | 30,000 | 0.0% | 0.18% | -23.3% | |
| BAM | Buy | Brookfield Asset Managementcl a ltd vt sh | $1,701,000 | +3.3% | 47,215 | +4.7% | 0.17% | -21.7% |
| Berkshire Hathaway Inc Acl a | $1,517,000 | +7.9% | 9 | 0.0% | 0.15% | -18.2% | ||
| NRCIB | New | National Research Corpcl b | $1,428,000 | – | 40,865 | +100.0% | 0.14% | – |
| BPY | New | Brookfield Property Partnunit ltd partn | $1,104,000 | – | 54,363 | +100.0% | 0.11% | – |
| GLRE | Sell | Greenlight Capital Re Ltcl a | $1,099,000 | -1.7% | 44,811 | -2.0% | 0.11% | -25.0% |
| CSWC | Buy | Capital Southwest Corpora | $1,087,000 | +73.6% | 7,889 | +44.7% | 0.11% | +32.5% |
| EXPD | Buy | Expeditors International | $1,081,000 | +268.9% | 28,415 | +246.4% | 0.11% | +178.9% |
| OXY | Occidental Petroleum | $1,071,000 | +13.9% | 12,000 | 0.0% | 0.10% | -13.2% | |
| IILG | Sell | Interval Leisure Group | $1,061,000 | -91.7% | 53,281 | -90.9% | 0.10% | -93.6% |
| VCSH | Buy | Vanguard ST Corp Bond ETFshrt trm corp bd | $1,014,000 | +0.4% | 12,824 | +2.0% | 0.10% | -23.8% |
| VWO | Buy | Vanguard Emerging Marketsftse emr mkt etf | $980,000 | +11.7% | 25,265 | +23.5% | 0.10% | -15.0% |
| BWX | Sell | SPDR Lehman Intl Treasurybrclys intl etf | $953,000 | -4.3% | 16,930 | -0.6% | 0.09% | -27.3% |
| UPLMQ | New | Ultra Petroleum Corp | $947,000 | – | 47,760 | +100.0% | 0.09% | – |
| VTV | Vanguard Value ETFvalue etf | $930,000 | +3.2% | 13,754 | 0.0% | 0.09% | -21.6% | |
| PSX | Phillips 66 Common Stock | $884,000 | -15.7% | 15,000 | 0.0% | 0.09% | -36.3% | |
| WY | Weyehaeuser Company | $854,000 | -9.1% | 29,966 | 0.0% | 0.08% | -30.6% | |
| MSFT | Microsoft Corp | $827,000 | +20.9% | 23,944 | 0.0% | 0.08% | -8.0% | |
| WTM | Buy | White Mountains Insurance | $827,000 | +7.8% | 1,438 | +6.2% | 0.08% | -18.2% |
| 4945SC | Kinder Morgan Energy LPut ltd partner | $820,000 | -4.8% | 9,600 | 0.0% | 0.08% | -27.9% | |
| Buy | Alleghany Corp | $788,000 | +5.8% | 2,055 | +9.1% | 0.08% | -19.8% | |
| XEL | XCEL Energy Inc | $737,000 | -4.5% | 26,000 | 0.0% | 0.07% | -27.3% | |
| PZZI | Pizza Inn Holdings | $725,000 | +29.9% | 126,530 | 0.0% | 0.07% | -1.4% | |
| American Express Company | $681,000 | +10.9% | 9,107 | 0.0% | 0.07% | -15.2% | ||
| Automatic Data Processing | $671,000 | +6.0% | 9,744 | 0.0% | 0.07% | -18.5% | ||
| VGK | Vanguard European VIPERftse europe etf | $670,000 | -1.9% | 13,917 | 0.0% | 0.07% | -25.0% | |
| ZBH | Zimmer Holdings Inc | $641,000 | -0.3% | 8,551 | 0.0% | 0.06% | -24.1% | |
| HPT | Hospitality Properties | $628,000 | -4.3% | 23,915 | 0.0% | 0.06% | -27.4% | |
| GAF | Buy | SPDR S&P Middle East & Afmideast africa | $617,000 | -2.1% | 9,934 | +5.7% | 0.06% | -25.9% |
| LUK | Buy | Leucadia National Corp | $529,000 | +9.3% | 20,168 | +14.2% | 0.05% | -16.1% |
| NNN | National Retail Propertie | $482,000 | -4.7% | 14,000 | 0.0% | 0.05% | -27.7% | |
| PFE | Pfizer Inc | $464,000 | -2.9% | 16,579 | 0.0% | 0.04% | -26.2% | |
| EMR | Emerson Electric Co | $421,000 | -2.1% | 7,711 | 0.0% | 0.04% | -25.5% | |
| Sell | Ascent Capital Group | $405,000 | +4.4% | 5,186 | -0.7% | 0.04% | -20.0% | |
| CHH | Choice Hotels International | $397,000 | -6.1% | 10,000 | 0.0% | 0.04% | -27.8% | |
| VMBS | Buy | Vanguard MBS ETFmortg back sec | $383,000 | -1.5% | 7,506 | +0.5% | 0.04% | -26.0% |
| CAG | Conagra Food Inc | $349,000 | -2.5% | 10,000 | 0.0% | 0.03% | -26.1% | |
| TA | Travelcenters of America | $328,000 | +14.3% | 30,000 | 0.0% | 0.03% | -13.5% | |
| KMR | Buy | Kinder Morgan Management | $312,000 | -1.3% | 3,728 | +3.6% | 0.03% | -24.4% |
| SHLDQ | Sears Holdings Corporatio | $272,000 | -15.5% | 6,458 | 0.0% | 0.03% | -34.1% | |
| WOOF | New | VCA Antech Inc | $280,000 | – | 10,728 | +100.0% | 0.03% | – |
| WRI | Weingarten Realtysh ben int | $243,000 | -2.4% | 7,900 | 0.0% | 0.02% | -25.0% | |
| UGI | New | UGI Corp | $238,000 | – | 6,075 | +100.0% | 0.02% | – |
| PZA | Sell | PoweShares Insured Naionainsur natl mun | $209,000 | -83.1% | 8,728 | -82.1% | 0.02% | -87.4% |
| PEI | Pennsylvania Real Estatesh ben int | $192,000 | -2.0% | 10,155 | 0.0% | 0.02% | -24.0% | |
| WAG | Exit | Walgreen Co | $0 | – | -4,466 | -100.0% | -0.03% | – |
| TIP | Exit | iShares Treas Inflationbarclys tips bd | $0 | – | -1,923 | -100.0% | -0.03% | – |
| SSYS | Exit | Stratasys LTD | $0 | – | -3,598 | -100.0% | -0.03% | – |
| WU | Exit | Western Union Co | $0 | – | -20,539 | -100.0% | -0.04% | – |
| PCY | Exit | PowerShares Emerging Marksovereign debt | $0 | – | -18,693 | -100.0% | -0.07% | – |
| EBIX | Exit | EBIX | $0 | – | -37,665 | -100.0% | -0.08% | – |
| MCF | Exit | Contango Oil & Gas Co | $0 | – | -15,451 | -100.0% | -0.08% | – |
| LMT | Exit | Lockheed Martin Corporati | $0 | – | -7,075 | -100.0% | -0.09% | – |
| STMP | Exit | Stamps com Inc | $0 | – | -446,504 | -100.0% | -1.43% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2013-08-14
About Bares Capital Management
Bares Capital Management is a well-known investment management firm that specializes in small and mid-cap companies. The firm was founded in 2000 by Brian Bares, who serves as the CEO and Chief Investment Officer. Bares Capital Management is headquartered in Austin, Texas, and has a team of experienced investment professionals who are dedicated to providing their clients with superior investment performance.
The investment philosophy of Bares Capital Management is centered around the belief that small and mid-cap companies are often overlooked by larger investment firms, which creates opportunities for active managers to generate alpha. The firm's investment process is focused on fundamental research and analysis, with a particular emphasis on understanding the competitive dynamics of the industries in which their portfolio companies operate.
Bares Capital Management has a strong track record of delivering superior investment performance to their clients. The firm's flagship fund, the Bares Capital Fund, has outperformed its benchmark, the Russell 2000 Index, since its inception in 2000. The fund has also received numerous awards and accolades from industry publications and organizations.
In addition to Brian Bares, the firm's leadership team includes Chief Operating Officer, Johnathan Gates, and Chief Compliance Officer, Jennifer Bares. The team at Bares Capital Management is committed to providing their clients with exceptional service and investment performance, and they have a proven track record of delivering on that commitment.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| Interactive Brokers Group, Inc. | 33 | Q3 2023 | 12.5% |
| National Instruments Corp. | 32 | Q1 2023 | 6.9% |
| Alarm.com Holdings, Inc. | 31 | Q3 2023 | 5.7% |
| CoStar Group | 30 | Q3 2023 | 9.0% |
| Colfax Corporation | 24 | Q4 2018 | 20.1% |
| Gartner Inc. | 24 | Q1 2021 | 10.4% |
| Papa John`s International Inc. | 23 | Q3 2023 | 4.1% |
| Square Inc | 22 | Q3 2023 | 21.4% |
| Workday, Inc. | 22 | Q3 2023 | 16.5% |
| Guidewire Software, Inc. | 22 | Q3 2023 | 1.4% |
View Bares Capital Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| ASTRONICS CORP | February 14, 2023 | 1,538,107 | 6.0% |
| Alteryx, Inc. | February 14, 2022 | 4,729,876 | 7.9% |
| Interactive Brokers Group, Inc. | February 14, 2022 | 5,187,311 | 5.3% |
| BOX INC | February 14, 2020 | 10 | 12.0% |
| COMSCORE, INC. | February 14, 2020 | 10 | 12.0% |
| Element Solutions Inc | February 14, 2020 | 10 | 12.0% |
| Wayfair Inc. | February 14, 2020 | 4,411,474 | 6.7% |
| Alarm.com Holdings, Inc. | March 11, 2019 | 10 | 12.0% |
| Element Solutions Inc | February 14, 2019 | 18,006,166 | 6.2% |
| AMERICAS CARMART INC | October 10, 2017 | 10 | 12.0% |
View Bares Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G | 2024-02-14 |
| SC 13G/A | 2023-12-11 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-14 |
| 13F-HR | 2023-05-15 |
| 13F-HR | 2023-02-15 |
| SC 13G/A | 2023-02-14 |
| SC 13G/A | 2023-02-14 |
View Bares Capital Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.