$830 Million is the total value of Bares Capital Management's 52 reported holdings in Q4 2014. The portfolio turnover from Q3 2014 to Q4 2014 was 15.4% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CFX | Buy | Colfax Corporation | $144,471,000 | +47.1% | 2,801,459 | +62.5% | 17.42% | +45.2% |
| EPAC | Buy | Actuant Corporationcl a | $108,398,000 | +1.5% | 3,979,360 | +13.7% | 13.07% | +0.1% |
| ININ | Buy | Interactive Intelligence Group | $97,175,000 | +61.8% | 2,028,716 | +41.2% | 11.71% | +59.6% |
| HEIA | Buy | Heico CP CL Acl a | $94,988,000 | +24.3% | 2,005,661 | +5.8% | 11.45% | +22.7% |
| RLD | Sell | RealD Inc. | $93,225,000 | +24.8% | 7,900,458 | -0.9% | 11.24% | +23.2% |
| ECOL | Buy | US Ecology, Inc. | $64,780,000 | +1.8% | 1,614,656 | +18.7% | 7.81% | +0.5% |
| CRMT | Sell | America's Car-Mart Inc. | $64,601,000 | +30.2% | 1,210,217 | -3.4% | 7.79% | +28.5% |
| MIDD | Sell | The Middleby Corporation | $58,084,000 | -35.6% | 586,120 | -42.7% | 7.00% | -36.4% |
| PAH | Sell | Platform Specialty Products Corpora | $57,539,000 | -12.5% | 2,478,009 | -5.7% | 6.94% | -13.6% |
| BAM | Sell | Brookfield Asset Management Inc.cl a ltd | $2,740,000 | +11.5% | 54,659 | -0.0% | 0.33% | +10.0% |
| VWO | Buy | Vanguard Emerging Markets VIPERunit | $2,372,000 | -2.8% | 59,272 | +1.3% | 0.29% | -4.0% |
| BRKB | Sell | Berkshire Hathaway Inc 'B'cl b | $2,182,000 | +8.0% | 14,533 | -0.6% | 0.26% | +6.5% |
| COP | ConocoPhillips | $2,072,000 | -9.8% | 30,000 | 0.0% | 0.25% | -11.0% | |
| BRKA | Berkshire Hathaway Inc 'A'cl a | $2,034,000 | +9.2% | 9 | 0.0% | 0.24% | +7.9% | |
| KMI | New | Kinder Morgan, Inc. | $1,962,000 | – | 46,378 | +100.0% | 0.24% | – |
| SPE | Buy | Special Opportunities Fund, Inc. | $1,916,000 | +58.7% | 124,640 | +72.2% | 0.23% | +57.1% |
| BPY | Sell | Brookfield Property Partnersright | $1,846,000 | +7.5% | 80,708 | -1.0% | 0.22% | +6.2% |
| POST | Post Holdings Inc | $1,845,000 | +26.3% | 44,040 | 0.0% | 0.22% | +24.7% | |
| CLB | New | Core Laboratories NV | $1,735,000 | – | 14,414 | +100.0% | 0.21% | – |
| WTM | White Mountains Insurance Group | $1,577,000 | 0.0% | 2,503 | 0.0% | 0.19% | -1.6% | |
| EXPD | Sell | Expeditors International of Washing | $1,568,000 | +9.7% | 35,146 | -0.3% | 0.19% | +8.0% |
| ASCMA | Buy | Ascent Capital Group | $1,396,000 | +109.3% | 26,376 | +138.0% | 0.17% | +107.4% |
| CSWC | Sell | Capital Southwest Corporation | $1,375,000 | +1.5% | 36,282 | -4.2% | 0.17% | 0.0% |
| UPLMQ | Buy | Ultra Petroleum Corp. | $1,306,000 | +37.9% | 99,219 | +143.8% | 0.16% | +35.3% |
| Y | Sell | Alleghany Corp. | $1,276,000 | +10.8% | 2,753 | -0.0% | 0.15% | +9.2% |
| GLRE | Greenlight Capital Re, Ltd.cl a | $1,197,000 | +0.8% | 36,650 | 0.0% | 0.14% | -0.7% | |
| MORN | Morningstar, Inc | $1,080,000 | -4.8% | 16,695 | 0.0% | 0.13% | -6.5% | |
| PSX | Phillips 66 Common Stock | $1,076,000 | -11.8% | 15,000 | 0.0% | 0.13% | -12.8% | |
| LUK | Leucadia National Corp. | $992,000 | -6.0% | 44,240 | 0.0% | 0.12% | -7.0% | |
| ZBH | Zimmer Holdings, Inc. | $970,000 | +12.8% | 8,551 | 0.0% | 0.12% | +11.4% | |
| WY | Sell | Weyehaeuser Company | $970,000 | +6.7% | 27,023 | -5.2% | 0.12% | +5.4% |
| OXY | Occidental Petroleum | $967,000 | -16.2% | 12,000 | 0.0% | 0.12% | -17.0% | |
| XEL | XCEL Energy Inc. | $934,000 | +18.2% | 26,000 | 0.0% | 0.11% | +16.5% | |
| AXP | American Express Company | $840,000 | +6.2% | 9,032 | 0.0% | 0.10% | +4.1% | |
| ADP | Automatic Data Processing, Inc | $812,000 | +0.4% | 9,738 | 0.0% | 0.10% | -1.0% | |
| BWX | SPDR Lehman Intl Treasury Bond ETFunit | $699,000 | -3.6% | 12,639 | 0.0% | 0.08% | -5.6% | |
| VCSH | Sell | Vanguard ST Corp Bond ETFunit | $672,000 | -1.2% | 8,443 | -0.9% | 0.08% | -2.4% |
| GAF | Sell | SPDR S&P Middle East & Africa ETFunit | $645,000 | -4.4% | 9,634 | -0.7% | 0.08% | -4.9% |
| CHH | Choice Hotels International Inc. | $560,000 | +7.7% | 10,000 | 0.0% | 0.07% | +6.2% | |
| NNN | National Retail Properties, Inc. | $551,000 | +13.8% | 14,000 | 0.0% | 0.07% | +11.9% | |
| PFE | Pfizer Inc. | $516,000 | +5.3% | 16,579 | 0.0% | 0.06% | +3.3% | |
| VSS | Vanguard FTSE All-Wld ex-US SmCp Idunit | $483,000 | -6.6% | 5,067 | 0.0% | 0.06% | -7.9% | |
| MSFT | Microsoft Corp | $485,000 | +0.2% | 10,440 | 0.0% | 0.06% | -1.7% | |
| EMR | Emerson Electric Co. | $476,000 | -1.2% | 7,705 | 0.0% | 0.06% | -3.4% | |
| WOOF | Sell | VCA Inc. | $411,000 | +6.5% | 8,434 | -14.0% | 0.05% | +6.4% |
| CAG | Conagra Food Inc | $363,000 | +10.0% | 10,000 | 0.0% | 0.04% | +10.0% | |
| UGI | Sell | UGI Corp. | $351,000 | +11.4% | 9,239 | -0.0% | 0.04% | +10.5% |
| VMBS | Sell | Vanguard MBS ETFunit | $221,000 | 0.0% | 4,167 | -0.7% | 0.03% | 0.0% |
| BMY | New | Bristol_Myers Squibb Company | $226,000 | – | 3,834 | +100.0% | 0.03% | – |
| MRK | Merck & Company, Inc | $215,000 | -4.4% | 3,794 | 0.0% | 0.03% | -3.7% | |
| EXC | New | Exelon Corp. | $212,000 | – | 5,725 | +100.0% | 0.03% | – |
| PZZI | RAVE Restaurant Group, Inc. | $188,000 | -11.3% | 26,530 | 0.0% | 0.02% | -11.5% | |
| 4945SC | Exit | Kinder Morgan Energy Partnersright | $0 | – | -9,600 | -100.0% | -0.11% | – |
| KMR | Exit | Kinder Morgan Management LLCright | $0 | – | -10,052 | -100.0% | -0.12% | – |
| PZZA | Exit | Papa John's International Inc. | $0 | – | -829,791 | -100.0% | -4.05% | – |
| CEB | Exit | Corporate Executive Board Co. | $0 | – | -981,791 | -100.0% | -7.20% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2015-02-17
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.