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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
Cap. Flow
-$54M
Cap. Flow %
-1.87%
Top 10 Hldgs %
81.74%
Holding
40
New
1
Increased
16
Reduced
18
Closed
2

Top Buys

Rank Stock Value
1
ETSY icon
Etsy
ETSY
+$52.7M
2
PEGA icon
Pegasystems
PEGA
+$21.3M
3
XYZ
Block Inc
XYZ
+$20.3M
4
SSTI icon
SoundThinking
SSTI
+$9.06M
5
UPWK icon
Upwork
UPWK
+$5.98M

Top Sells

Rank Stock Value
1
ALGN icon
Align Technology
ALGN
+$95.8M
2
WDAY icon
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
WDAY icon
1
Workday
WDAY
$41.5B
$476M 16.47%
2,108,127
-121,223
-5% -$24.3M
XYZ
2
Block Inc
XYZ
$48.9B
$292M 10.1%
4,388,049
+325,646
+8% +$20.3M
PEGA icon
3
Pegasystems
PEGA
$5.09B
$286M 9.9%
11,615,186
+915,776
+9% +$21.3M
ETSY icon
4
Etsy
ETSY
$8.12B
$217M 7.5%
2,563,060
+558,757
+28% +$52.7M
RDFN
5
DELISTED
Redfin
RDFN
$215M 7.44%
17,323,280
-750,491
-4% -$7.31M
IBKR icon
6
Interactive Brokers
IBKR
$38.4B
$214M 7.39%
10,285,196
-101,488
-1% -$2M
ALGN icon
7
Align Technology
ALGN
$12.9B
$195M 6.73%
550,636
-300,715
-35% -$95.8M
CSGP icon
8
CoStar Group
CSGP
$12.2B
$186M 6.44%
2,092,627
-8,431
-0.4% -$651K
W icon
9
Wayfair
W
$11.8B
$147M 5.1%
2,268,735
-200
-0% -$8.43K
PLNT icon
10
Planet Fitness
PLNT
$4.45B
$135M 4.66%
1,998,888
+72,031
+4% +$5.16M
AYX
11
DELISTED
Alteryx Inc
AYX
$97.7M 3.38%
2,151,519
+14,000
+0.7% +$613K
XPEL icon
12
XPEL
XPEL
$1.22B
$54.2M 1.88%
643,848
-5,745
-0.9% -$425K
ALRM icon
13
Alarm.com
ALRM
$2.75B
$34.5M 1.19%
668,050
+35,398
+6% +$1.74M
FTCH
14
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
$24M 0.83%
3,970,887
– –
TWLO icon
15
Twilio
TWLO
$28.6B
$21.1M 0.73%
332,377
– –
AGYS icon
16
Agilysys
AGYS
$3.21B
$18.5M 0.64%
270,000
-40,000
-13% -$3.01M
FC icon
17
Franklin Covey
FC
$239M
$17.8M 0.61%
406,461
+133,401
+49% +$4.94M
GWRE icon
18
Guidewire Software
GWRE
$13.9B
$17.2M 0.6%
226,664
-6,000
-3% -$459K
CMPR icon
19
Cimpress
CMPR
$2.37B
$16.7M 0.58%
280,913
-10,000
-3% -$493K
DESP
20
DELISTED
Despegar.com
DESP
$16.4M 0.57%
2,320,090
+196,369
+9% +$1.21M
WOW
21
DELISTED
WideOpenWest
WOW
$16.4M 0.57%
1,937,520
+507,520
+35% +$4.58M
ONTO icon
22
Onto Innovation
ONTO
$10.9B
$16M 0.55%
137,000
-75,000
-35% -$7.16M
ESI icon
23
Element Solutions
ESI
$8.48B
$15.5M 0.54%
807,664
-95,000
-11% -$1.75M
ATRO icon
24
Astronics
ATRO
$3.21B
$14.5M 0.5%
876,742
-219,211
-20% -$3M
OLO
25
DELISTED
Olo Inc
OLO
$14M 0.49%
2,173,299
+7,875
+0.4% +$56.7K
1
2

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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.