$4.3 Billion is the total value of Bares Capital Management's 37 reported holdings in Q1 2022. The portfolio turnover from Q4 2021 to Q1 2022 was 5.7% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | Buy | Block Inc | $842,194,000 | +19.4% | 6,210,870 | +42.2% | 19.60% | +39.0% |
| WDAY | Sell | Workday, Inc. | $560,742,000 | -18.2% | 2,341,693 | -6.7% | 13.05% | -4.8% |
| W | Buy | Wayfair Inc | $504,255,000 | -8.6% | 4,551,863 | +56.8% | 11.74% | +6.5% |
| PEGA | Buy | Pegasystems Inc | $408,983,000 | -25.4% | 5,071,085 | +3.4% | 9.52% | -13.2% |
| AYX | Buy | Alteryx Inc | $346,955,000 | +21.2% | 4,850,476 | +2.5% | 8.07% | +41.1% |
| RDFN | Buy | Redfin Corp | $345,077,000 | -30.0% | 19,128,438 | +48.9% | 8.03% | -18.6% |
| IBKR | Sell | Interactive Brokers Group Inc | $263,700,000 | -36.0% | 4,000,911 | -22.9% | 6.14% | -25.5% |
| ALGN | Sell | Align Technology Inc. | $179,097,000 | -47.4% | 410,772 | -20.7% | 4.17% | -38.8% |
| CSGP | Sell | CoStar Group | $141,348,000 | -42.3% | 2,122,026 | -31.6% | 3.29% | -32.9% |
| ETSY | Buy | Etsy Inc | $69,666,000 | -24.3% | 560,553 | +33.3% | 1.62% | -12.0% |
| PD | Buy | Pagerduty Inc | $60,680,000 | +6.7% | 1,774,782 | +8.5% | 1.41% | +24.2% |
| ALRM | Buy | Alarm.com Holdings, Inc. | $55,954,000 | -2.8% | 841,924 | +24.0% | 1.30% | +13.1% |
| FTCH | Buy | Farfetch Ltd | $48,116,000 | +100.7% | 3,182,296 | +343.7% | 1.12% | +133.8% |
| XPEL | Buy | XPEL Inc. | $47,535,000 | +24.3% | 903,532 | +61.3% | 1.11% | +44.8% |
| ZUO | Buy | Zuora Inc | $33,086,000 | +5.7% | 2,208,693 | +31.8% | 0.77% | +23.0% |
| TWLO | Buy | Twilio Inc. | $29,719,000 | +21.6% | 180,322 | +94.3% | 0.69% | +41.5% |
| DESP | Buy | Despegar.com Corp | $28,952,000 | +34.0% | 2,373,112 | +7.6% | 0.67% | +56.0% |
| CMPR | Buy | Cimpress NV | $28,622,000 | +9.4% | 450,106 | +23.2% | 0.67% | +27.3% |
| NATI | Sell | National Instruments Corp. | $28,174,000 | -20.5% | 694,102 | -14.4% | 0.66% | -7.3% |
| GWRE | Sell | Guidewire Software, Inc. | $27,034,000 | -20.3% | 285,715 | -4.4% | 0.63% | -7.2% |
| PLNT | Sell | Planet Fitness Inc | $26,680,000 | -48.7% | 315,818 | -45.0% | 0.62% | -40.2% |
| ESI | Sell | Element Solutions Inc. | $25,001,000 | -15.7% | 1,141,606 | -6.5% | 0.58% | -1.9% |
| AGYS | Buy | AGILYSYS INC COM | $22,113,000 | +17.2% | 554,500 | +30.6% | 0.52% | +36.6% |
| MODN | Buy | Model N Inc | $20,363,000 | +19.6% | 757,000 | +33.5% | 0.47% | +39.4% |
| SFIX | Sell | Stitch Fix | $19,472,000 | -53.4% | 1,933,713 | -12.5% | 0.45% | -45.8% |
| ATRO | Buy | Astronics Corporation | $18,924,000 | +35.5% | 1,463,596 | +25.8% | 0.44% | +57.7% |
| MIME | Sell | Mimecast Limited | $16,628,000 | -55.4% | 209,000 | -55.4% | 0.39% | -48.1% |
| ONTO | Buy | Onto Innovation Inc. | $15,440,000 | -4.8% | 177,700 | +10.9% | 0.36% | +10.8% |
| EVTC | Buy | Evertec Inc | $14,538,000 | -4.7% | 355,200 | +16.4% | 0.34% | +10.8% |
| HSKA | Buy | HESKA CORP COM RESTRC NEW | $13,897,000 | +50.8% | 100,500 | +99.0% | 0.32% | +75.5% |
| PZZA | Buy | Papa John`s International Inc. | $13,328,000 | -13.4% | 126,600 | +9.8% | 0.31% | +0.6% |
| WOW | Buy | WideOpenWest Inc | $12,784,000 | +16.9% | 733,000 | +44.3% | 0.30% | +36.1% |
| TDUP | New | ThredUp Inc - Ordinary Shares - Class A | $7,793,000 | – | 1,012,114 | +100.0% | 0.18% | – |
| OLO | New | OLO Inc | $7,384,000 | – | 557,300 | +100.0% | 0.17% | – |
| HCAT | Buy | Health Catalyst Inc | $6,346,000 | +15.0% | 242,847 | +74.3% | 0.15% | +34.5% |
| INMD | Inmode Ltd | $3,780,000 | -47.7% | 102,400 | 0.0% | 0.09% | -38.9% | |
| IRMD | IRADIMED CORP | $2,770,000 | -3.0% | 61,786 | 0.0% | 0.06% | +12.3% |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2022-05-16
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. | 32 | Q2 2023 | 12.5% |
| National Instruments Corp. | 32 | Q1 2023 | 6.9% |
| Alarm.com Holdings, Inc. | 30 | Q2 2023 | 5.7% |
| CoStar Group | 29 | Q2 2023 | 9.0% |
| Colfax Corporation | 24 | Q4 2018 | 20.1% |
| Gartner Inc. | 24 | Q1 2021 | 10.4% |
| Papa John`s International Inc. | 22 | Q2 2023 | 4.1% |
| Square Inc | 21 | Q2 2023 | 21.4% |
| Workday, Inc. | 21 | Q2 2023 | 16.5% |
| Box, Inc | 21 | Q1 2021 | 6.3% |
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% |
| PEGASYSTEMS INC | February 14, 2023 | 5,550,701 | 6.8% |
| Redfin Corp | February 14, 2023 | 19,883,921 | 18.3% |
| 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% |
View Bares Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 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 |
| SC 13G | 2023-02-14 |
| 13F-HR | 2022-11-14 |
| 13F-HR | 2022-08-16 |
| 13F-HR | 2022-05-16 |
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.