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

As of Mar 31, 2024, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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