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

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