Bares Capital Management’s Waters Corp WAT Stock Holding History

Bares Capital Management’s Portfolio WAT Stock Details WAT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	–	Sell	-900,685	Closed	-$170M	–	25
2018 Q4	$170M	Buy	900,685 +1,096	+0.1%	+$208K	5.16%	12
2018 Q3	$175M	Buy	899,589 +118,126	+15%	+$22.9M	4.91%	13
2018 Q2	$151M	Buy	781,463 +34,203	+5%	+$6.74M	5.28%	12
2018 Q1	$148M	Buy	747,260 +1,541	+0.2%	+$319K	5.68%	11
2017 Q4	$144M	Buy	745,719 +16,771	+2%	+$3.24M	6.03%	10
2017 Q3	$131M	Buy	728,948 +4,663	+0.6%	+$846K	5.9%	9
2017 Q2	$133M	Buy	724,285 +3,461	+0.5%	+$601K	5.93%	9
2017 Q1	$113M	Buy	720,824 +126,728	+21%	+$18.9M	5.59%	10
2016 Q4	$79.8M	Buy	594,096 +21,543	+4%	+$3.07M	4.75%	14
2016 Q3	$90.7M	Buy	572,553 +26,373	+5%	+$4.08M	5.4%	10
2016 Q2	$76.8M	Hold	546,180	–	–	5.47%	11
2016 Q1	$72.1M	Buy	546,180 +57,289	+12%	+$7.15M	5.22%	9
2015 Q4	$65.8M	Buy	488,891 +141,806	+41%	+$18.2M	5.17%	8
2015 Q3	$41M	Buy	347,085 +231,009	+199%	+$29.2M	4.08%	11
2015 Q2	$14.9M	Buy	+116,076	New	+$15.1M	1.39%	18

Other funds holding WAT

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Fundsmith LLP London, United Kingdom $12.8B AUM 6.9% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Bares Capital Management's WAT Position: Q1 2019 in Review

Bares Capital Management sold out of Waters Corp (WAT) in Q1 2019, closing a stake of 900,685 shares — an estimated $170M sold.

Bares Capital Management first reported a position in WAT in Q2 2015 and held it in 15 quarters. The position peaked at $175M in Q3 2018. 604 funds tracked by Wall St. Rank hold WAT as of Q1 2019.

Bares Capital Management reported no remaining Waters Corp position as of Q1 2019 after selling out during the quarter.
Bares Capital Management sold 900,685 Waters Corp shares in Q1 2019, an estimated $170M.
Bares Capital Management first reported a position in Waters Corp in Q2 2015 and held it in 15 quarters.
Bares Capital Management's Waters Corp position peaked at $175M in Q3 2018.
604 funds tracked by Wall St. Rank held Waters Corp as of Q1 2019.

Based on Bares Capital Management's 13F filing for Q1 2019, filed 15 May 2019.