Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q2 2023)

According to the SEC 13F filed on Aug 14, 2023, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2023. 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 Q2 2023, the filing reported:

New Buys - Triumph Financial, Inc.

Increases - Alarm.com Holdings, Inc., Etsy, Inc., Franklin Covey Company, Health Catalyst, Inc, Olo Inc., and 8 more

Reductions - Agilysys, Inc., Align Technology, Inc., Astronics Corporation, CoStar Group, Inc., Element Solutions Inc., and 13 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
Q2 2023	AGYS Agilysys, Inc.	Agilysys, Inc.	Sell	-40,000	-12.9%	$18.53M	270,000
Q2 2023	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-300,715	-35.3%	$194.73M	550,636
Q2 2023	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+35,398	+5.6%	$34.52M	668,050
Q2 2023	ATRO Astronics Corporation	Astronics Corporation	Sell	-182,676	-20.0%	$14.51M	730,618
Q2 2023	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-8,431	-0.4%	$186.24M	2,092,627
Q2 2023	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-95,000	-10.5%	$15.51M	807,664
Q2 2023	ETSY Etsy, Inc.	Etsy, Inc.	Buy	+558,757	+27.9%	$216.86M	2,563,060
Q2 2023	EVTC Evertec, Inc.	Evertec, Inc.	Sell	-95,000	-21.8%	$12.52M	340,000
Q2 2023	FC Franklin Covey Company	Franklin Covey Company	Buy	+133,401	+48.9%	$17.75M	406,461
Q2 2023	G2143T103 Cimpress	Cimpress	Sell	-10,000	-3.4%	$16.71M	280,913
Q2 2023	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell	-6,000	-2.6%	$17.24M	226,664
Q2 2023	HCAT Health Catalyst, Inc	Health Catalyst, Inc	Buy	+330,000	+73.3%	$9.75M	780,000
Q2 2023	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-25,372	-1.0%	$213.60M	2,571,299
Q2 2023	IRMD iRadimed Corporation	iRadimed Corporation	Sell	-40,000	-12.6%	$13.22M	277,000
Q2 2023	M5425M103 InMode	InMode	Sell	-100,000	-43.5%	$4.86M	130,000
Q2 2023	OLO Olo Inc.	Olo Inc.	Buy	+7,875	+0.4%	$14.04M	2,173,299
Q2 2023	ONTO Onto Innovation Inc.	Onto Innovation Inc.	Sell	-75,000	-35.4%	$15.96M	137,000
Q2 2023	PD PagerDuty, Inc.	PagerDuty, Inc.	Buy	+7,650	+1.7%	$10.51M	467,590
Q2 2023	PEGA Pegasystems Inc.	Pegasystems Inc.	Buy	+457,888	+8.6%	$286.31M	5,807,593
Q2 2023	PLNT Planet Fitness, Inc.	Planet Fitness, Inc.	Buy	+72,031	+3.7%	$134.81M	1,998,888
Q2 2023	PZZA Papa John's International, Inc.	Papa John's International, Inc.	Sell	-59,000	-33.7%	$8.56M	116,000
Q2 2023	RDFN Redfin Corporation	Redfin Corporation	Sell	-750,491	-4.2%	$215.16M	17,323,280
Q2 2023	SNEX StoneX Group Inc.	StoneX Group Inc.	Buy	+46,000	+40.4%	$13.29M	160,000
Q2 2023	SQ Block, Inc.	Block, Inc.	Buy	+325,646	+8.0%	$292.11M	4,388,049
Q2 2023	SSTI SoundThinking, Inc.	SoundThinking, Inc.	Buy	+346,298	+140.4%	$12.96M	592,987
Q2 2023	TFIN Triumph Financial, Inc.	Triumph Financial, Inc.	Buy - Position Entry	+79,166	-	$4.81M	79,166
Q2 2023	UPWK Upwork Inc.	Upwork Inc.	Buy	+660,000	+82.5%	$13.64M	1,460,000
Q2 2023	W Wayfair Inc.	Wayfair Inc.	Sell	-200	-0.0%	$147.49M	2,268,735
Q2 2023	WDAY Workday, Inc.	Workday, Inc.	Sell	-121,223	-5.4%	$476.20M	2,108,127
Q2 2023	WOW WideOpenWest, Inc.	WideOpenWest, Inc.	Buy	+507,520	+35.5%	$16.35M	1,937,520

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