Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 14, 2023, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 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 Q3 2023, the filing reported:

New Buys - None reported

Increases - Agilysys, Inc., Etsy, Inc., Franklin Covey Company, PagerDuty, Inc., Block, Inc., and 4 more

Reductions - Align Technology, Inc., Alarm.com Holdings, Inc., Astronics Corporation, CoStar Group, Inc., Element Solutions Inc., and 14 more

Complete Exits - Planet Fitness, 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
Q3 2023	AGYS Agilysys, Inc.	Agilysys, Inc.	Buy	+5,000	+1.9%	$18.19M	275,000
Q3 2023	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-87,725	-15.9%	$141.34M	462,911
Q3 2023	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Sell	-231	-0.0%	$40.83M	667,819
Q3 2023	ATRO Astronics Corporation	Astronics Corporation	Sell	-8,500	-1.2%	$11.45M	722,118
Q3 2023	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-27,522	-1.3%	$158.79M	2,065,105
Q3 2023	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-112,535	-13.9%	$13.63M	695,129
Q3 2023	ETSY Etsy, Inc.	Etsy, Inc.	Buy	+1,480,655	+57.8%	$261.14M	4,043,715
Q3 2023	FC Franklin Covey Company	Franklin Covey Company	Buy	+6,340	+1.6%	$17.72M	412,801
Q3 2023	G2143T103 Cimpress	Cimpress	Sell	-3,382	-1.2%	$19.43M	277,531
Q3 2023	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell	-24,000	-10.6%	$18.24M	202,664
Q3 2023	HCAT Health Catalyst, Inc	Health Catalyst, Inc	Sell	-80,000	-10.3%	$7.08M	700,000
Q3 2023	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-4,904	-0.2%	$222.15M	2,566,395
Q3 2023	OLO Olo Inc.	Olo Inc.	Sell	-518,436	-23.9%	$10.03M	1,654,863
Q3 2023	ONTO Onto Innovation Inc.	Onto Innovation Inc.	Sell	-25,000	-18.2%	$14.28M	112,000
Q3 2023	PD PagerDuty, Inc.	PagerDuty, Inc.	Buy	+228,693	+48.9%	$15.66M	696,283
Q3 2023	PEGA Pegasystems Inc.	Pegasystems Inc.	Sell	-36,240	-0.6%	$250.53M	5,771,353
Q3 2023	PLNT Planet Fitness, Inc.	Planet Fitness, Inc.	Sell - Position Exit	-1,998,888	-100.0%	$0.00	-
Q3 2023	PZZA Papa John's International, Inc.	Papa John's International, Inc.	Sell	-50,000	-43.1%	$4.50M	66,000
Q3 2023	RDFN Redfin Corporation	Redfin Corporation	Sell	-716,723	-4.1%	$116.91M	16,606,557
Q3 2023	SNEX StoneX Group Inc.	StoneX Group Inc.	Sell	-1,000	-0.6%	$15.41M	159,000
Q3 2023	SQ Block, Inc.	Block, Inc.	Buy	+11,376	+0.3%	$194.72M	4,399,425
Q3 2023	SSTI SoundThinking, Inc.	SoundThinking, Inc.	Buy	+74,521	+12.6%	$11.95M	667,508
Q3 2023	TFIN Triumph Financial, Inc.	Triumph Financial, Inc.	Buy	+152,222	+192.3%	$14.99M	231,388
Q3 2023	TWLO Twilio Inc.	Twilio Inc.	Buy	+1,095	+0.3%	$19.52M	333,472
Q3 2023	W Wayfair Inc.	Wayfair Inc.	Sell	-7,949	-0.4%	$136.94M	2,260,786
Q3 2023	WDAY Workday, Inc.	Workday, Inc.	Sell	-468,585	-22.2%	$352.26M	1,639,542
Q3 2023	WOW WideOpenWest, Inc.	WideOpenWest, Inc.	Buy	+360,690	+18.6%	$17.58M	2,298,210
Q3 2023	XPEL XPEL, Inc.	XPEL, Inc.	Sell	-1,077	-0.2%	$49.56M	642,771
Q3 2023	ZUO Zuora, Inc.	Zuora, Inc.	Sell	-100,000	-11.1%	$6.59M	800,000