Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q1 2022)

According to the SEC 13F filed on May 16, 2022, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2022. 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 2022, the filing reported:

New Buys - Olo Inc., ThredUp Inc.

Increases - Agilysys, Inc., Alarm.com Holdings, Inc., Astronics Corporation, Etsy, Inc., Evertec, Inc., and 13 more

Reductions - Align Technology, Inc., CoStar Group, Inc., Element Solutions Inc., Guidewire Software, Inc., Interactive Brokers Group, Inc., and 3 more

Complete Exits - None reported

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 2022	AGYS Agilysys, Inc.	Agilysys, Inc.	Buy	+130,000	+30.6%	$22.11K	554,500
Q1 2022	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-107,205	-20.7%	$179.10K	410,772
Q1 2022	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+163,002	+24.0%	$55.95K	841,924
Q1 2022	ATRO Astronics Corporation	Astronics Corporation	Buy	+299,807	+25.8%	$18.92K	1,463,596
Q1 2022	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-979,830	-31.6%	$141.35K	2,122,026
Q1 2022	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-79,149	-6.5%	$25.00K	1,141,606
Q1 2022	ETSY Etsy, Inc.	Etsy, Inc.	Buy	+140,000	+33.3%	$69.67K	560,553
Q1 2022	EVTC Evertec, Inc.	Evertec, Inc.	Buy	+50,000	+16.4%	$14.54K	355,200
Q1 2022	G2143T103 Cimpress	Cimpress	Buy	+84,863	+23.2%	$28.62K	450,106
Q1 2022	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell	-13,000	-4.4%	$27.03K	285,715
Q1 2022	HCAT Health Catalyst, Inc	Health Catalyst, Inc	Buy	+103,542	+74.3%	$6.35K	242,847
Q1 2022	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-1,186,400	-22.9%	$263.70K	4,000,911
Q1 2022	OLO Olo Inc.	Olo Inc.	Buy - Position Entry	+557,300	-	$7.38K	557,300
Q1 2022	ONTO Onto Innovation Inc.	Onto Innovation Inc.	Buy	+17,500	+10.9%	$15.44K	177,700
Q1 2022	PD PagerDuty, Inc.	PagerDuty, Inc.	Buy	+138,357	+8.5%	$60.68K	1,774,782
Q1 2022	PEGA Pegasystems Inc.	Pegasystems Inc.	Buy	+167,900	+3.4%	$408.98K	5,071,085
Q1 2022	PLNT Planet Fitness, Inc.	Planet Fitness, Inc.	Sell	-258,000	-45.0%	$26.68K	315,818
Q1 2022	PZZA Papa John's International, Inc.	Papa John's International, Inc.	Buy	+11,340	+9.8%	$13.33K	126,600
Q1 2022	RDFN Redfin Corporation	Redfin Corporation	Buy	+6,279,550	+48.9%	$345.08K	19,128,438
Q1 2022	SFIX Stitch Fix, Inc.	Stitch Fix, Inc.	Sell	-275,570	-12.5%	$19.47K	1,933,713
Q1 2022	SQ Block, Inc.	Block, Inc.	Buy	+1,844,365	+42.2%	$842.19K	6,210,870
Q1 2022	TDUP ThredUp Inc.	ThredUp Inc.	Buy - Position Entry	+1,012,114	-	$7.79K	1,012,114
Q1 2022	TWLO Twilio Inc.	Twilio Inc.	Buy	+87,500	+94.3%	$29.72K	180,322
Q1 2022	W Wayfair Inc.	Wayfair Inc.	Buy	+1,649,230	+56.8%	$504.25K	4,551,863
Q1 2022	WDAY Workday, Inc.	Workday, Inc.	Sell	-168,270	-6.7%	$560.74K	2,341,693
Q1 2022	WOW WideOpenWest, Inc.	WideOpenWest, Inc.	Buy	+225,000	+44.3%	$12.78K	733,000
Q1 2022	XPEL XPEL, Inc.	XPEL, Inc.	Buy	+343,472	+61.3%	$47.53K	903,532
Q1 2022	ZUO Zuora, Inc.	Zuora, Inc.	Buy	+532,295	+31.8%	$33.09K	2,208,693