Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q1 2021)

According to the SEC 13F filed on May 17, 2021, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2021. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2021, the filing reported:

New Buys - Redfin Corporation

Increases - Astronics Corporation, Cimpress, Stitch Fix, Inc., Wayfair Inc., Zuora, Inc.

Reductions - Align Technology, Inc., Alarm.com Holdings, Inc., Box, Inc., CoStar Group, Inc., Element Solutions Inc., and 10 more

Complete Exits - Tyler Technologies, Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2021	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-34,500	-4.3%	$416.93K	769,911
Q1 2021	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Sell	-49,324	-14.0%	$26.11K	302,234
Q1 2021	ATRO Astronics Corporation	Astronics Corporation	Buy	+148,943	+72.8%	$6.38K	353,445
Q1 2021	BOX Box, Inc.	Box, Inc.	Sell	-356,013	-36.1%	$14.48K	630,768
Q1 2021	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-11,295	-3.3%	$275.13K	334,758
Q1 2021	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-114,169	-9.2%	$20.70K	1,131,910
Q1 2021	G2143T103 Cimpress	Cimpress	Buy	+24,347	+23.7%	$12.72K	127,055
Q1 2021	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell	-30,000	-8.1%	$34.37K	338,215
Q1 2021	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-56,600	-1.0%	$397.33K	5,439,955
Q1 2021	IT Gartner, Inc.	Gartner, Inc.	Sell	-2,119,759	-87.9%	$53.35K	292,270
Q1 2021	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-82,950	-25.8%	$39.45K	238,020
Q1 2021	PD PagerDuty, Inc.	PagerDuty, Inc.	Sell	-59,473	-9.1%	$24.01K	596,881
Q1 2021	PEGA Pegasystems Inc.	Pegasystems Inc.	Sell	-62,566	-1.2%	$588.25K	5,144,720
Q1 2021	PZZA Papa John's International, Inc.	Papa John's International, Inc.	Sell	-9,039	-12.3%	$5.69K	64,193
Q1 2021	RDFN Redfin Corporation	Redfin Corporation	Buy - Position Entry	+5,130,215	-	$341.62K	5,130,215
Q1 2021	SFIX Stitch Fix, Inc.	Stitch Fix, Inc.	Buy	+47,594	+10.2%	$25.50K	514,796
Q1 2021	SQ Block, Inc.	Block, Inc.	Sell	-361,299	-6.8%	$1.12M	4,943,377
Q1 2021	TWLO Twilio Inc.	Twilio Inc.	Sell	-45,739	-32.4%	$32.48K	95,322
Q1 2021	TYL Tyler Technologies, Inc.	Tyler Technologies, Inc.	Sell - Position Exit	-74,557	-100.0%	$0.00	-
Q1 2021	W Wayfair Inc.	Wayfair Inc.	Buy	+1,724	+0.1%	$814.56K	2,587,948
Q1 2021	WDAY Workday, Inc.	Workday, Inc.	Sell	-36,400	-1.3%	$670.97K	2,700,830
Q1 2021	ZUO Zuora, Inc.	Zuora, Inc.	Buy	+300,004	+90.2%	$9.36K	632,677