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

As of Jun 30, 2023, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 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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