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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
+8.87%
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
$3.57B
AUM Growth
+$700M
Cap. Flow
+$528M
Cap. Flow %
14.79%
Top 10 Hldgs %
72.64%
Holding
22
New
–
Increased
19
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
WDAY icon
Workday
WDAY
+$245M
2
IT icon
Gartner
IT
+$80.6M
3
IBKR icon
Interactive Brokers
IBKR
+$49.4M
4
MIDD icon
Middleby
MIDD
+$43.9M
5
TRIP icon
TripAdvisor
TRIP
+$38.4M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$169M
2
CSGP icon
CoStar Group
CSGP
+$27M
3
ENOV icon
Enovis
ENOV
+$4.17M

Sector Composition

Rank Sector Weight
1 Technology 38.55%
2 Consumer Discretionary 15.24%
3 Industrials 14.9%
4 Financials 9.08%
5 Healthcare 7.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IT icon
1
Gartner
IT
$11.1B
$347M 9.73%
2,189,892
+555,868
+34% +$80.6M
IBKR icon
2
Interactive Brokers
IBKR
$38.4B
$324M 9.08%
23,432,732
+3,256,184
+16% +$49.4M
FAST icon
3
Fastenal
FAST
$54.8B
$265M 7.41%
18,237,084
+2,628,292
+17% +$37.4M
TRIP icon
4
TripAdvisor
TRIP
$1.7B
$260M 7.3%
5,097,888
+703,220
+16% +$38.4M
WDAY icon
5
Workday
WDAY
$41.5B
$258M 7.24%
1,769,040
+1,765,806
+54,601% +$245M
MIDD icon
6
Middleby
MIDD
$6.01B
$252M 7.06%
1,946,189
+384,695
+25% +$43.9M
CSGP icon
7
CoStar Group
CSGP
$12.2B
$238M 6.66%
5,646,480
-631,320
-10% -$27M
ESI icon
8
Element Solutions
ESI
$8.48B
$235M 6.57%
18,809,899
+847,690
+5% +$10.6M
NATI
9
DELISTED
National Instruments Corp
NATI
$209M 5.86%
4,324,445
+608,258
+16% +$27.7M
ALRM icon
10
Alarm.com
ALRM
$2.75B
$204M 5.73%
3,559,626
+156,982
+5% +$7.89M
UA icon
11
Under Armour Class C
UA
$2.95B
$198M 5.54%
10,159,533
+1,623,852
+19% +$31.3M
BOX icon
12
Box
BOX
$4.49B
$180M 5.06%
7,547,976
+333,780
+5% +$8.4M
WAT icon
13
Waters Corp
WAT
$37.3B
$175M 4.91%
899,589
+118,126
+15% +$22.9M
ENOV icon
14
Enovis
ENOV
$1.74B
$109M 3.05%
1,753,034
-73,141
-4% -$4.17M
PZZA icon
15
Papa John's
PZZA
$1.01B
$85.5M 2.4%
1,667,783
+282,854
+20% +$13.1M
SCOR icon
16
Comscore
SCOR
$113M
$64.1M 1.8%
175,868
+18,538
+12% +$7.36M
ELF icon
17
e.l.f. Beauty
ELF
$4.77B
$37.4M 1.05%
2,935,865
+767,108
+35% +$10.5M
XYZ
18
Block Inc
XYZ
$48.9B
$36.8M 1.03%
371,448
+365,624
+6,278% +$28.2M
GWRE icon
19
Guidewire Software
GWRE
$13.9B
$26.7M 0.75%
264,387
+260,298
+6,366% +$25M
ANSS
20
DELISTED
Ansys
ANSS
$24.4M 0.68%
130,503
-944,783
-88% -$169M
TYL icon
21
Tyler Technologies
TYL
$13.7B
$24.1M 0.68%
98,393
+96,806
+6,100% +$23M
ATHN
22
DELISTED
Athenahealth, Inc.
ATHN
$15.2M 0.43%
113,988
+112,130
+6,035% +$16.8M

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Bares Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Bares Capital Management held 22 positions worth $3.57B, up 24% from $2.87B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Bares Capital Management deployed $528M of net new capital in Q3 2018, adding to 19 existing holdings.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Ansys, an estimated $169M trimmed.

  • Bares Capital Management added most to Workday in Q3 2018, an estimated $245M increase.
  • Bares Capital Management's biggest Q3 2018 reduction was Ansys, cutting an estimated $169M.
  • Bares Capital Management's ten largest holdings make up 73% of its $3.57B portfolio in Q3 2018.
  • Bares Capital Management opened 0 new positions and closed 0 in Q3 2018.
  • Bares Capital Management's portfolio value rose 24% quarter-over-quarter to $3.57B.

Based on Bares Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.