Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q1 2024)

According to the SEC 13F filed on May 15, 2024, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2024. 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 2024, the filing reported:

New Buys - Veeva Systems Inc.

Increases - Align Technology, Inc., Astronics Corporation, Franklin Covey Company, Interactive Brokers Group, Inc., iRadimed Corporation, and 4 more

Reductions - Agilysys, Inc., Alarm.com Holdings, Inc., CoStar Group, Inc., Element Solutions Inc., Etsy, Inc., and 11 more

Complete Exits - Guidewire Software, 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 2024	AGYS Agilysys, Inc.	Agilysys, Inc.	Sell	-30,000	-14.3%	$15.17M	180,000
Q1 2024	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+252,220	+44.4%	$268.87M	819,930
Q1 2024	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Sell	-71,223	-10.7%	$43.04M	593,911
Q1 2024	ATRO Astronics Corporation	Astronics Corporation	Buy	+84,659	+10.4%	$17.12M	899,351
Q1 2024	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-396,460	-20.1%	$152.51M	1,578,735
Q1 2024	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-1,383	-0.2%	$17.27M	691,389
Q1 2024	ETSY Etsy, Inc.	Etsy, Inc.	Sell	-222,121	-5.4%	$265.14M	3,858,217
Q1 2024	EVTC Evertec, Inc.	Evertec, Inc.	Sell	-17,551	-5.2%	$12.87M	322,449
Q1 2024	FC Franklin Covey Company	Franklin Covey Company	Buy	+3,570	+0.8%	$18.12M	461,661
Q1 2024	G2143T103 Cimpress	Cimpress	Sell	-35,592	-13.7%	$19.92M	225,031
Q1 2024	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell - Position Exit	-184,664	-100.0%	$0.00	-
Q1 2024	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Buy	+264,543	+10.4%	$313.92M	2,810,131
Q1 2024	IRMD iRadimed Corporation	iRadimed Corporation	Buy	+2,000	+0.7%	$12.27M	279,000
Q1 2024	ONTO Onto Innovation Inc.	Onto Innovation Inc.	Sell	-33,000	-29.5%	$14.31M	79,000
Q1 2024	PD PagerDuty, Inc.	PagerDuty, Inc.	Sell	-65,684	-11.2%	$11.78M	519,286
Q1 2024	PEGA Pegasystems Inc.	Pegasystems Inc.	Sell	-285,520	-4.9%	$360.49M	5,576,826
Q1 2024	SNEX StoneX Group Inc.	StoneX Group Inc.	Sell	-52,500	-31.8%	$7.90M	112,500
Q1 2024	SQ Block, Inc.	Block, Inc.	Sell	-501,772	-11.2%	$337.09M	3,985,479
Q1 2024	SSTI SoundThinking, Inc.	SoundThinking, Inc.	Buy	+36,187	+4.9%	$12.31M	775,400
Q1 2024	TDUP ThredUp Inc.	ThredUp Inc.	Buy	+362,221	+11.4%	$7.10M	3,548,800
Q1 2024	TWLO Twilio Inc.	Twilio Inc.	Sell	-170,000	-39.7%	$15.82M	258,730
Q1 2024	UPWK Upwork Inc.	Upwork Inc.	Sell	-60,000	-5.3%	$13.12M	1,070,000
Q1 2024	VEEV Veeva Systems Inc.	Veeva Systems Inc.	Buy - Position Entry	+108,504	-	$25.14M	108,504
Q1 2024	W Wayfair Inc.	Wayfair Inc.	Sell	-388,825	-17.5%	$124.63M	1,836,082
Q1 2024	WDAY Workday, Inc.	Workday, Inc.	Sell	-223,511	-16.6%	$306.83M	1,124,956
Q1 2024	WOW WideOpenWest, Inc.	WideOpenWest, Inc.	Buy	+538,770	+20.5%	$11.47M	3,169,204
Q1 2024	ZUO Zuora, Inc.	Zuora, Inc.	Buy	+511,292	+41.4%	$15.93M	1,746,292