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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
+24.87%
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
$2.82B
AUM Growth
+$198M
(+7.5%)
Cap. Flow
-$314M
Cap. Flow
% of AUM
-11.12%
Top 10 Holdings %
Top 10 Hldgs %
81.58%
Holding
39
New
1
Increased
12
Reduced
26
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Etsy
ETSY
|
+$64.6M |
| 2 |
SoundThinking
SSTI
|
+$8.9M |
| 3 |
StoneX
SNEX
|
+$6.22M |
| 4 |
Franklin Covey
FC
|
+$4.76M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$4.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$190M |
| 2 |
Interactive Brokers
IBKR
|
+$38.1M |
| 3 |
Workday
WDAY
|
+$27.1M |
| 4 |
Align Technology
ALGN
|
+$24.8M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$22.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.02% |
| 2 | Consumer Discretionary | 18.71% |
| 3 | Healthcare | 11.53% |
| 4 | Real Estate | 10.92% |
| 5 | Financials | 8.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Papa John's
PZZA
$801M
| $13.1M | 0.46% |
175,000
+23,400
| +15% | +$1.98M |
|
|
DESP
27
DELISTED
Despegar.com
DESP
| $13M | 0.46% |
2,123,721
+153,898
| +8% | +$954K |
|
28
Cimpress
CMPR
$2.34B
| $12.7M | 0.45% |
290,913
-148,661
| -34% | -$5.08M |
|
29
iRadimed
IRMD
$1.18B
| $12.5M | 0.44% |
317,000
+45,700
| +17% | +$1.66M |
|
30
Astronics
ATRO
$3.82B
| $12.2M | 0.43% |
1,095,953
-749,775
| -41% | -$8.37M |
|
|
31
StoneX
SNEX
$8.04B
| $11.8M | 0.42% |
577,125
+327,103
| +131% | +$6.22M |
|
|
MODN
32
DELISTED
MODEL N, INC.
MODN
| $11.2M | 0.4% |
335,000
-72,000
| -18% | -$2.62M |
|
|
33
Franklin Covey
FC
$242M
| $10.5M | 0.37% |
273,060
+103,060
| +61% | +$4.76M |
|
|
ZUO
34
DELISTED
Zuora, Inc.
ZUO
| $10.4M | 0.37% |
1,048,947
-633,325
| -38% | -$5.31M |
|
|
35
SoundThinking
SSTI
$103M
| $9.7M | 0.34% |
+246,689
| New | +$8.9M |
|
36
Upwork
UPWK
$1.19B
| $9.06M | 0.32% |
800,000
+300,000
| +60% | +$3.57M |
|
37
ThredUp
TDUP
$420M
| $7.59M | 0.27% |
3,000,000
-10,000
| -0.3% | -$18.6K |
|
38
InMode
INMD
$879M
| $7.35M | 0.26% |
230,000
+77,600
| +51% | +$2.66M |
|
39
Health Catalyst
HCAT
$134M
| $5.25M | 0.19% |
450,000
-2,400
| -0.5% | -$30.6K |
|
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Bares Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Bares Capital Management held 39 positions worth $2.82B, up 7.5% from $2.63B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Bares Capital Management withdrew a net $314M in Q1 2023, reducing 26 holdings. Its largest reduction was Block Inc, cutting an estimated $190M.
By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 51% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Bares Capital Management opened a new position in SoundThinking worth $9.7M.
- Bares Capital Management's largest Q1 2023 buy was SoundThinking: 246,689 shares worth $9.7M.
- Bares Capital Management added most to Etsy in Q1 2023, an estimated $64.6M increase.
- Bares Capital Management's biggest Q1 2023 reduction was Block Inc, cutting an estimated $190M.
- Bares Capital Management's ten largest holdings make up 82% of its $2.82B portfolio in Q1 2023.
- Bares Capital Management opened 1 new position and closed 0 in Q1 2023.
- Bares Capital Management's portfolio value rose 7.5% quarter-over-quarter to $2.82B.
Based on Bares Capital Management's 13F filing for Q1 2023, filed 15 May 2023.