Bares Capital Management 13F annual report
Bares Capital Management is an investment fund managing more than $2.08 trillion ran by James Jr. There are currently 29 companies in Mr. Jr’s portfolio. The largest investments include Pegasystems and Interactive Brokers Inc, together worth $640 billion.
$2.08 trillion Assets Under Management (AUM)
As of 7th August 2024, Bares Capital Management’s top holding is 5,447,866 shares of Pegasystems currently worth over $330 billion and making up 15.9% of the portfolio value.
Relative to the number of outstanding shares of Pegasystems, Bares Capital Management owns less than approximately 0.1% of the company.
In addition, the fund holds 2,532,665 shares of Interactive Brokers Inc worth $311 billion, whose value grew 16.4% in the past six months.
The third-largest holding is Workday Inc. worth $258 billion and the next is Block Inc worth $256 billion, with 3,966,279 shares owned.
Currently, Bares Capital Management's portfolio is worth at least $2.08 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Bares Capital Management
The Bares Capital Management office and employees reside in Austin, Texas. According to the last 13-F report filed with the SEC, James Jr serves as the President at Bares Capital Management.
Recent trades
In the most recent 13F filing, Bares Capital Management revealed that it had increased its stake in
Workday Inc. and bought 30,719 additional shares worth around .
On the other hand, there are companies that Bares Capital Management is getting rid of from its portfolio.
Bares Capital Management closed its position in Model N Inc on 14th August 2024.
It sold the previously owned 565,000 shares for $16.1 billion.
James Jr also disclosed a decreased stake in Pegasystems by approximately 0.1%.
This leaves the value of the investment at $330 billion and 5,447,866 shares.
One of the largest hedge funds
The two most similar investment funds to Bares Capital Management are Alpine Associates Management Inc and Welch. They manage $2.08 trillion and $2.08 trillion respectively.
James Jr investment strategy
Bares Capital Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 34.8% of
the total portfolio value.
The fund focuses on investments in the United States as
75.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
17% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $7.75 billion.
The complete list of Bares Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Pegasystems Inc. |
2.31%
5,447,866
|
$329,759,329,000 | 15.86% |
| Interactive Brokers Group Inc |
9.87%
2,532,665
|
$310,504,729,000 | 14.93% |
| Workday Inc. |
2.73%
1,155,675
|
$258,362,703,000 | 12.43% |
| Block Inc |
0.48%
3,966,279
|
$255,785,333,000 | 12.30% |
| Etsy Inc |
0.63%
3,833,881
|
$226,122,301,000 | 10.88% |
| Align Technology, Inc. |
5.94%
771,193
|
$186,189,126,000 | 8.95% |
| Costar Group, Inc. |
12.41%
1,382,835
|
$102,523,387,000 | 4.93% |
| Wayfair Inc |
23.45%
1,405,582
|
$74,116,339,000 | 3.56% |
| Alarm.com Holdings Inc |
3.37%
573,911
|
$36,466,305,000 | 1.75% |
| XPEL Inc |
6.89%
676,082
|
$24,041,476,000 | 1.16% |
| Veeva Systems Inc |
7.46%
116,599
|
$21,338,783,000 | 1.03% |
| Triumph Financial Inc |
No change
256,235
|
$20,947,211,000 | 1.01% |
| Zuora Inc |
11.09%
1,940,000
|
$19,264,200,000 | 0.93% |
| Astronics Corp. |
0.56%
904,351
|
$18,114,151,000 | 0.87% |
| Franklin Covey Co Com |
1.08%
466,661
|
$17,733,118,000 | 0.85% |
| WideOpenWest Inc |
2.17%
3,237,870
|
$17,516,877,000 | 0.84% |
| Element Solutions Inc |
7.23%
641,389
|
$17,394,470,000 | 0.84% |
| Agilysys, Inc |
11.11%
160,000
|
$16,662,400,000 | 0.80% |
| Model N Inc |
Closed
565,000
|
$16,085,550,000 | |
| Despegar.com Corp |
32.48%
1,174,447
|
$15,537,934,000 | 0.75% |
| Cimpress Nv |
21.77%
176,031
|
$15,422,076,000 | 0.74% |
| Upwork Inc |
33.18%
1,425,000
|
$15,318,750,000 | 0.74% |
| Iradimed Corp |
1.65%
283,600
|
$12,461,384,000 | 0.60% |
| Twilio Inc |
16.46%
216,135
|
$12,278,629,000 | 0.59% |
| Pagerduty Inc |
No change
519,286
|
$11,907,228,000 | 0.57% |
| Stonex Group Inc |
26.67%
142,500
|
$10,731,675,000 | 0.52% |
| Evertec Inc |
11.61%
285,000
|
$9,476,250,000 | 0.46% |
| Onto Innovation Inc. |
49.37%
40,000
|
$8,782,400,000 | 0.42% |
| SoundThinking Inc |
23.21%
595,466
|
$7,252,776,000 | 0.35% |
| Thredup Inc - Ordinary Shares - Class A |
19.76%
4,250,000
|
$7,225,000,000 | 0.35% |
| Health Catalyst Inc |
Closed
450,000
|
$3,388,500,000 | |
| No transactions found | |||
| Showing first 500 out of 31 holdings | |||
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