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BCM

Bares Capital Management Portfolio holdings

AUM $1.08B
1-Year Est. Return 38.13%
This Fund
S&P 500
This Quarter Est. Return
-22.34%
1 Year Est. Return
+38.13%
3 Year Est. Return
+137.82%
5 Year Est. Return
+31.6%
10 Year Est. Return
+374.72%
AUM
$2.77B
AUM Growth
-$791M
Cap. Flow
+$177M
Cap. Flow %
6.38%
Top 10 Hldgs %
88.36%
Holding
28
New
5
Increased
10
Reduced
11
Closed
2

Top Buys

Rank Stock Value
1
XYZ
Block Inc
XYZ
+$142M
2
WDAY icon
Workday
WDAY
+$96.7M
3
ALGN icon
Align Technology
ALGN
+$85.6M
4
PEGA icon
Pegasystems
PEGA
+$38.8M
5
TWLO icon
Twilio
TWLO
+$30.4M

Top Sells

Rank Stock Value
1
IBKR icon
Interactive Brokers
IBKR
+$67.4M
2
PZZA icon
Papa John's
PZZA
+$50.5M
3
ESI icon
Element Solutions
ESI
+$45.6M
4
BOX icon
Box
BOX
+$36.4M
5
FAST icon
Fastenal
FAST
+$33.4M

Sector Composition

Rank Sector Weight
1 Technology 56.93%
2 Consumer Discretionary 12.71%
3 Healthcare 9.71%
4 Financials 9.46%
5 Real Estate 7.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATRO icon
26
Astronics
ATRO
$3.84B
$2.59M 0.09%
+339,146
New +$6.1M
FAST icon
27
Fastenal
FAST
$59.5B
– –
-1,805,762
Closed -$33.4M
TRIP icon
28
TripAdvisor
TRIP
$1.26B
– –
-680,611
Closed -$20.7M
1
2

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Bares Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Bares Capital Management held 28 positions worth $2.77B, down 22% from $3.57B the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Bares Capital Management deployed $177M of net new capital in Q1 2020, opening 5 new positions and adding to 10 existing holdings. Its largest new stake was Twilio: 276,438 shares worth $24.7M.

By sector, the portfolio is most concentrated in Technology at 57% of assets, up from 48% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Interactive Brokers, an estimated $67.4M trimmed.

  • Bares Capital Management's largest Q1 2020 buy was Twilio: 276,438 shares worth $24.7M.
  • Bares Capital Management added most to Block Inc in Q1 2020, an estimated $142M increase.
  • Bares Capital Management's biggest Q1 2020 reduction was Interactive Brokers, cutting an estimated $67.4M.
  • Bares Capital Management fully exited Fastenal in Q1 2020, selling an estimated $33.4M.
  • Bares Capital Management's ten largest holdings make up 88% of its $2.77B portfolio in Q1 2020.
  • Bares Capital Management opened 5 new positions and closed 2 in Q1 2020.
  • Bares Capital Management's portfolio value fell 22% quarter-over-quarter to $2.77B.

Based on Bares Capital Management's 13F filing for Q1 2020, filed 15 May 2020.