SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Bares Capital Management, Inc.

CIK 0001340807 · 12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN, TX, 78738 · 512-542-1083

Reported Value
$1.1B
Q3 2024
Positions
22
Filings on Record
28
2019–present window
Filed
Nov 18, 2024
original filing

Summary

Bares Capital Management, Inc. reported $1.1B in U.S.-listed holdings across 22 positions for Q3 2024.

Its largest position, XYZ, represents 18.0% of the portfolio.

Compared with Q2 2024, the fund opened 2 new positions and exited 9.

Portfolio Metrics

Turnover
+0.4%
vs prior filed quarter
Top-10 Concentration
+98.9%
share of reported value
Largest Position
+18.0%
Block
New / Exited
2 / 9
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $3.3BQ4 ’18Q1 ’19: $3.6BQ2 ’19: $3.7BQ3 ’19: $3.3BQ4 ’19: $3.6BQ4 ’19Q1 ’20: $2.8BQ2 ’20: $4.1BQ3 ’20: $4.7BQ4 ’20: $5.4BQ4 ’20Q1 ’21: $5.3BQ2 ’21: $5.6BQ3 ’21: $5.6BQ4 ’21: $5.0BQ4 ’21Q1 ’22: $4.3BQ2 ’22: $2.7BQ3 ’22: $2.6BQ4 ’22: $2.6BQ4 ’22Q1 ’23: $2.8BQ2 ’23: $2.9BQ3 ’23: $2.3BQ4 ’23: $2.5BQ4 ’23Q1 ’24: $2.5BQ2 ’24: $2.1BQ3 ’24: $1.1BQ4 ’24: $1.1BQ4 ’24Q1 ’25: $852MQ2 ’25: $1.0BQ3 ’25: $1.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 99.3%Other: 0.7%
  • Common Stock · 99.3% · $1.1B
  • Other · 0.7% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PZZAPapa John`s International Inc.NEW+6.7K6.7K+$363,461$363,461
IIIVi3 Verticals Inc. Class ANEW+15.7K15.7K+$333,608$333,608
ZUOUSDZuora IncSOLD OUT−1.94M0−$19M$0
AGYSAGILYSYS INC COMSOLD OUT−160.0K0−$17M$0
UPWKUpwork IncSOLD OUT−1.43M0−$15M$0
IRMDIRADIMED CORPSOLD OUT−283.6K0−$12M$0
SNEXStoneX Group IncSOLD OUT−142.5K0−$11M$0
EVTCEvertec IncSOLD OUT−285.0K0−$9M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2024

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XYZBlock Inchistory →COM18.05%$198M2.95M
2PEGAPegasystems Inchistory →COM17.67%$194M2.66M
3WDAYWorkday Inc.history →COM14.51%$159M652.1K
4IBKRInteractive Brokers Group Inchistory →COM14.16%$156M1.12M
5AFWAlign Technology Inc.history →COM11.71%$129M505.9K
6ETSYEtsy Inchistory →COM9.72%$107M1.92M
7WWayfair Inchistory →COM5.03%$55M983.5K
8CSGPCoStar Grouphistory →COM4.45%$49M648.5K
9VEEVVeeva Systems Inc.history →COM2.33%$26M121.8K
10TWLOTwilio Inc.history →COM1.27%$14M214.1K
11Despegar.com CorpCOM0.66%$7M583.4K
12ALRMAlarm.com Holdings Inc.COM0.06%$710,60113.0K
13XPELXPEL Inc.COM0.06%$653,58615.1K
14FCFRANKLIN COVEY CO COMCOM0.05%$496,06912.1K
15ATROAstronics CorporationCOM0.04%$484,09724.9K
16PAHUSDElement Solutions Inc.COM0.04%$445,12516.4K
17WOWWideOpenWest IncCOM0.04%$423,82780.7K
18Cimpress NVCOM0.04%$412,1405.0K
19TFINTriumph Financial IncCOM0.03%$378,5314.8K
20PZZAPapa John`s International Inc.COM0.03%$363,4616.7K
21IIIVi3 Verticals Inc. Class ACOM0.03%$333,60815.7K
22PDPagerduty IncCOM0.02%$254,30213.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$1.1B24Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.0B22Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$852M21May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.1B11Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.1B22Nov 18, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.1B29Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.5B31May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.5B32Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.3B37Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.9B38Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.8B39May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.6B38Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.6B38Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.7B37Aug 16, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.3B37May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$5.0B35Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.6B35Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.6B25Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.3B26May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.4B26Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.7B26Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.1B25Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.8B26May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.6B23Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.3B24Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.7B24Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$3.6B23May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$3.3B23Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.