$1.22 Billion is the total value of Bares Capital Management's 63 reported holdings in Q2 2014. The portfolio turnover from Q1 2014 to Q2 2014 was 29.0% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| POST | Buy | Post Holdings Inc | $125,681,000 | -0.2% | 2,468,696 | +8.1% | 10.31% | +2.4% |
| EPAC | Buy | Actuant Corporationcl a new | $121,237,000 | +1.8% | 3,506,986 | +0.6% | 9.94% | +4.4% |
| CFX | Buy | Colfax Corporation | $117,319,000 | +4.7% | 1,573,906 | +0.2% | 9.62% | +7.4% |
| RLD | Buy | RealD Inc. | $104,166,000 | +14.7% | 8,163,458 | +0.4% | 8.54% | +17.7% |
| XPO | Sell | XPO Logistics, Inc. | $92,165,000 | -11.9% | 3,220,293 | -9.4% | 7.56% | -9.6% |
| MIDD | Buy | The Middleby Corporation | $87,524,000 | -3.7% | 1,058,070 | +207.5% | 7.18% | -1.2% |
| CEB | Buy | Corporate Executive Board | $87,425,000 | -3.0% | 1,281,518 | +5.5% | 7.17% | -0.5% |
| PAH | Buy | Platform Specialty Produc | $77,455,000 | +55.1% | 2,763,285 | +5.4% | 6.35% | +59.1% |
| ECOL | Buy | US Ecology, Inc. | $66,767,000 | +32.4% | 1,363,993 | +0.4% | 5.48% | +35.8% |
| HEIA | Buy | Heico CP CL Acl a | $58,329,000 | +10.7% | 1,436,671 | +18.4% | 4.78% | +13.6% |
| CRMT | Buy | America's Car-Mart Inc. | $49,607,000 | +11.6% | 1,254,297 | +3.4% | 4.07% | +14.5% |
| INTL | Sell | INTL FCStone Inc. | $35,737,000 | -27.8% | 1,794,027 | -31.8% | 2.93% | -26.0% |
| WINA | Sell | Winmark Corp. | $34,674,000 | -44.9% | 497,975 | -40.2% | 2.84% | -43.5% |
| GHM | Buy | Graham Corp. | $20,353,000 | +41.9% | 584,674 | +29.8% | 1.67% | +45.5% |
| REIS | Sell | Reis, Inc | $18,119,000 | +14.7% | 859,552 | -1.8% | 1.49% | +17.7% |
| FHCO | Sell | Female Health Co. | $16,248,000 | -53.2% | 2,948,773 | -34.2% | 1.33% | -52.1% |
| UTMD | Sell | Utah Medical Products | $15,621,000 | -31.1% | 303,667 | -22.5% | 1.28% | -29.3% |
| MLAB | Buy | Mesa Laboratories Inc. | $13,581,000 | +25.1% | 161,758 | +34.4% | 1.11% | +28.3% |
| CHKE | Sell | Cherokee, Inc. | $12,371,000 | -16.2% | 814,427 | -23.2% | 1.01% | -14.1% |
| OFLX | Sell | Omega Flex, Inc. | $10,882,000 | -9.0% | 554,640 | -0.6% | 0.89% | -6.7% |
| TLFA | Sell | Tandy Leather Factory Inc | $9,211,000 | -41.7% | 1,012,182 | -38.1% | 0.76% | -40.2% |
| TAX | Buy | JTH Holding, Inc.cl a | $4,259,000 | +46.9% | 127,846 | +22.3% | 0.35% | +50.4% |
| COP | ConocoPhillips | $2,572,000 | +21.8% | 30,000 | 0.0% | 0.21% | +24.9% | |
| VWO | Buy | Vanguard Emerging Marketsftse emr mkt etf | $2,353,000 | +25.9% | 54,551 | +18.5% | 0.19% | +29.5% |
| BAM | Buy | Brookfield Asset Managemecl a ltd vt sh | $2,140,000 | +11.3% | 48,625 | +3.3% | 0.18% | +13.6% |
| ININ | Interactive Intelligence | $2,088,000 | -22.6% | 37,206 | 0.0% | 0.17% | -20.8% | |
| BRKB | New | Berkshire Hathaway Inc 'Bcl b | $2,090,000 | – | 16,512 | +100.0% | 0.17% | – |
| BRKA | New | Berkshire Hathaway Inc 'Acl a | $1,709,000 | – | 9 | +100.0% | 0.14% | – |
| BPY | Buy | Brookfield Property Partnunit ltd partn | $1,559,000 | +48.9% | 74,686 | +33.4% | 0.13% | +52.4% |
| MORN | Morningstar, Inc | $1,387,000 | -9.1% | 19,315 | 0.0% | 0.11% | -6.6% | |
| OXY | Occidental Petroleum | $1,232,000 | +7.8% | 12,000 | 0.0% | 0.10% | +11.0% | |
| GLRE | Greenlight Capital Re, Ltclass a | $1,236,000 | +0.4% | 37,534 | 0.0% | 0.10% | +3.1% | |
| EXPD | Buy | Expeditors International | $1,235,000 | +11.9% | 27,968 | +0.4% | 0.10% | +14.8% |
| PSX | Phillips 66 Common Stock | $1,206,000 | +4.3% | 15,000 | 0.0% | 0.10% | +7.6% | |
| Y | New | Alleghany Corp. | $1,213,000 | – | 2,769 | +100.0% | 0.10% | – |
| UPLMQ | Sell | Ultra Petroleum Corp. | $1,166,000 | -27.5% | 39,274 | -34.4% | 0.10% | -25.6% |
| WTM | Buy | White Mountains Insurance | $1,172,000 | +35.6% | 1,926 | +33.7% | 0.10% | +39.1% |
| LUK | Buy | Leucadia National Corp. | $1,121,000 | +25.8% | 42,750 | +34.3% | 0.09% | +29.6% |
| CSWC | Buy | Capital Southwest Corpora | $1,109,000 | +4.8% | 30,784 | +1.1% | 0.09% | +7.1% |
| WY | Sell | Weyehaeuser Company | $953,000 | +12.4% | 28,797 | -0.3% | 0.08% | +14.7% |
| ZBH | Zimmer Holdings, Inc. | $888,000 | +9.8% | 8,551 | 0.0% | 0.07% | +12.3% | |
| BWX | Sell | SPDR Lehman Intl Treasurybrclys intl eft | $887,000 | +1.7% | 14,593 | -0.6% | 0.07% | +4.3% |
| AXP | New | American Express Company | $864,000 | – | 9,107 | +100.0% | 0.07% | – |
| XEL | XCEL Energy Inc. | $838,000 | +6.2% | 26,000 | 0.0% | 0.07% | +9.5% | |
| VCSH | Sell | Vanguard ST Corp Bond ETFshrt trm corp bd | $817,000 | -8.1% | 10,160 | -8.6% | 0.07% | -5.6% |
| 4945SC | Kinder Morgan Energy LPut ltd partner | $789,000 | +11.1% | 9,600 | 0.0% | 0.06% | +14.0% | |
| PZZI | Pizza Inn Holdings | $788,000 | +3.1% | 126,530 | 0.0% | 0.06% | +6.6% | |
| ADP | New | Automatic Data Processing | $773,000 | – | 9,744 | +100.0% | 0.06% | – |
| VTV | Buy | Vanguard Value ETFvalue etf | $747,000 | +4.3% | 9,231 | +0.8% | 0.06% | +7.0% |
| GAF | SPDR S&P Middle East & Afmideast africa | $716,000 | +4.7% | 9,773 | 0.0% | 0.06% | +7.3% | |
| KMR | Buy | Kinder Morgan Management | $688,000 | +40.4% | 8,712 | +27.5% | 0.06% | +43.6% |
| NNN | National Retail Propertie | $521,000 | +8.5% | 14,000 | 0.0% | 0.04% | +13.2% | |
| EMR | Emerson Electric Co. | $512,000 | -0.6% | 7,711 | 0.0% | 0.04% | +2.4% | |
| PFE | Pfizer Inc. | $492,000 | -7.7% | 16,579 | 0.0% | 0.04% | -7.0% | |
| CHH | Choice Hotels Internation | $471,000 | +2.4% | 10,000 | 0.0% | 0.04% | +5.4% | |
| MSFT | Microsoft Corp | $436,000 | +1.9% | 10,449 | 0.0% | 0.04% | +5.9% | |
| WOOF | Sell | VCA Antech Inc. | $355,000 | +7.9% | 10,122 | -0.9% | 0.03% | +11.5% |
| ASCMA | New | Ascent Capital Group | $325,000 | – | 4,931 | +100.0% | 0.03% | – |
| UGI | Buy | UGI Corp. | $313,000 | +13.8% | 6,197 | +2.7% | 0.03% | +18.2% |
| VMBS | Sell | Vanguard MBS ETFmortg-back sec | $301,000 | -11.2% | 5,716 | -12.8% | 0.02% | -7.4% |
| CAG | Conagra Food Inc | $297,000 | -4.2% | 10,000 | 0.0% | 0.02% | -4.0% | |
| MRK | Merck & Company, Inc | $219,000 | +1.9% | 3,794 | 0.0% | 0.02% | +5.9% | |
| EXC | New | Exelon Corp. | $209,000 | – | 5,738 | +100.0% | 0.02% | – |
| PEI | Exit | Pennsylvania Real Estatesh ben int | $0 | – | -10,155 | -100.0% | -0.02% | – |
| PZA | Exit | PoweShares Insured Naionalinsur natl mun | $0 | – | -8,668 | -100.0% | -0.02% | – |
| WRI | Exit | Weingarten Realtysh ben int | $0 | – | -7,900 | -100.0% | -0.02% | – |
| Exit | Ascent Capital Group | $0 | – | -4,931 | -100.0% | -0.03% | – | |
| HALL | Exit | Hallmark Financial Service | $0 | – | -75,843 | -100.0% | -0.05% | – |
| HPT | Exit | Hospitality Properties | $0 | – | -23,915 | -100.0% | -0.06% | – |
| Exit | Automatic Data Processing | $0 | – | -9,744 | -100.0% | -0.06% | – | |
| VGK | Exit | Vanguard European VIPERftse europe etf | $0 | – | -12,981 | -100.0% | -0.06% | – |
| Exit | American Express Company | $0 | – | -9,107 | -100.0% | -0.07% | – | |
| Exit | Alleghany Corp | $0 | – | -2,125 | -100.0% | -0.07% | – | |
| Exit | Berkshire Hathaway Inc Acl a | $0 | – | -9 | -100.0% | -0.14% | – | |
| Exit | Berkshire Hathaway Inc Bcl b | $0 | – | -16,562 | -100.0% | -0.16% | – | |
| TZOO | Exit | Travelzoo Inc | $0 | – | -990,969 | -100.0% | -1.81% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2014-08-14
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.