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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
+8.67%
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
$2.89B
AUM Growth
+$66.8M
(+2.4%)
Cap. Flow
-$54M
Cap. Flow
% of AUM
-1.87%
Top 10 Holdings %
Top 10 Hldgs %
81.74%
Holding
40
New
1
Increased
16
Reduced
18
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Etsy
ETSY
|
+$52.7M |
| 2 |
Pegasystems
PEGA
|
+$21.3M |
| 3 |
XYZ
Block Inc
XYZ
|
+$20.3M |
| 4 |
SoundThinking
SSTI
|
+$9.06M |
| 5 |
Upwork
UPWK
|
+$5.98M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Align Technology
ALGN
|
+$95.8M |
| 2 |
Workday
WDAY
|
+$24.3M |
| 3 |
NATI
National Instruments Corp
NATI
|
+$17.9M |
| 4 |
HSKA
Heska Corp
HSKA
|
+$16.1M |
| 5 |
RDFN
Redfin
RDFN
|
+$7.31M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 45.64% |
| 2 | Consumer Discretionary | 20.25% |
| 3 | Real Estate | 13.88% |
| 4 | Financials | 8.01% |
| 5 | Healthcare | 7.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Upwork
UPWK
$1.16B
| $13.6M | 0.47% |
1,460,000
+660,000
| +83% | +$5.98M |
|
27
StoneX
SNEX
$9.21B
| $13.3M | 0.46% |
810,000
+232,875
| +40% | +$4.15M |
|
28
iRadimed
IRMD
$1.19B
| $13.2M | 0.46% |
277,000
-40,000
| -13% | -$1.8M |
|
|
29
SoundThinking
SSTI
$106M
| $13M | 0.45% |
592,987
+346,298
| +140% | +$9.06M |
|
30
Evertec
EVTC
$1.93B
| $12.5M | 0.43% |
340,000
-95,000
| -22% | -$3.29M |
|
|
MODN
31
DELISTED
MODEL N, INC.
MODN
| $12.2M | 0.42% |
345,000
+10,000
| +3% | +$322K |
|
32
PagerDuty
PD
$851M
| $10.5M | 0.36% |
467,590
+7,650
| +2% | +$213K |
|
|
ZUO
33
DELISTED
Zuora, Inc.
ZUO
| $9.87M | 0.34% |
900,000
-148,947
| -14% | -$1.41M |
|
34
Health Catalyst
HCAT
$166M
| $9.75M | 0.34% |
780,000
+330,000
| +73% | +$3.93M |
|
35
Papa John's
PZZA
$1.01B
| $8.56M | 0.3% |
116,000
-59,000
| -34% | -$4.38M |
|
36
ThredUp
TDUP
$816M
| $7.32M | 0.25% |
3,000,000
| – | – |
|
37
InMode
INMD
$879M
| $4.86M | 0.17% |
130,000
-100,000
| -43% | -$3.49M |
|
38
Triumph Financial Inc
TFIN
$1.88B
| $4.81M | 0.17% |
+79,166
| New | +$4.35M |
|
|
NATI
39
DELISTED
National Instruments Corp
NATI
| – | – |
-340,723
| Closed | -$17.9M |
|
|
HSKA
40
DELISTED
Heska Corp
HSKA
| – | – |
-165,000
| Closed | -$16.1M |
|
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Bares Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Bares Capital Management held 40 positions worth $2.89B, up 2.4% from $2.82B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Bares Capital Management's Q2 2023 filing shows 1 new, 16 increased, 18 reduced and 2 closed positions. Its largest new stake was Triumph Financial Inc: 79,166 shares worth $4.81M. The largest sale was Align Technology, an estimated $95.8M.
By sector, the portfolio is most concentrated in Technology at 46% of assets, down from 47% a quarter earlier, followed by Consumer Discretionary and Real Estate.
- Bares Capital Management's largest Q2 2023 buy was Triumph Financial Inc: 79,166 shares worth $4.81M.
- Bares Capital Management added most to Etsy in Q2 2023, an estimated $52.7M increase.
- Bares Capital Management's biggest Q2 2023 reduction was Align Technology, cutting an estimated $95.8M.
- Bares Capital Management fully exited National Instruments Corp in Q2 2023, selling an estimated $17.9M.
- Bares Capital Management's ten largest holdings make up 82% of its $2.89B portfolio in Q2 2023.
- Bares Capital Management opened 1 new position and closed 2 in Q2 2023.
- Bares Capital Management's portfolio value rose 2.4% quarter-over-quarter to $2.89B.
Based on Bares Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.