Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q4 2022)

According to the SEC 13F filed on Feb 15, 2023, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2022. 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 Q4 2022, the filing reported:

New Buys - None reported

Increases - Align Technology, Inc., Franklin Covey Company, iRadimed Corporation, Pegasystems Inc., Planet Fitness, Inc., and 5 more

Reductions - Agilysys, Inc., Alarm.com Holdings, Inc., Astronics Corporation, CoStar Group, Inc., Element Solutions Inc., and 12 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
Q4 2022	AGYS Agilysys, Inc.	Agilysys, Inc.	Sell	-100,000	-16.5%	$39.93M	504,500
Q4 2022	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+21,922	+2.4%	$197.24M	935,246
Q4 2022	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Sell	-17,799	-2.7%	$31.71M	640,858
Q4 2022	ATRO Astronics Corporation	Astronics Corporation	Sell	-148,096	-8.8%	$15.84M	1,538,107
Q4 2022	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-96,855	-4.3%	$166.80M	2,158,448
Q4 2022	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-132,518	-12.2%	$17.35M	953,988
Q4 2022	ETSY Etsy, Inc.	Etsy, Inc.	Sell	-60,190	-3.9%	$177.64M	1,483,043
Q4 2022	FC Franklin Covey Company	Franklin Covey Company	Buy	+20,000	+13.3%	$7.95M	170,000
Q4 2022	G2143T103 Cimpress	Cimpress	Sell	-8,370	-1.9%	$12.14M	439,574
Q4 2022	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell	-24,592	-7.8%	$18.18M	290,664
Q4 2022	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-86,234	-2.7%	$221.74M	3,064,820
Q4 2022	IRMD iRadimed Corporation	iRadimed Corporation	Buy	+47,298	+21.1%	$7.68M	271,300
Q4 2022	OLO Olo Inc.	Olo Inc.	Sell	-275,559	-10.4%	$14.83M	2,373,303
Q4 2022	ONTO Onto Innovation Inc.	Onto Innovation Inc.	Sell	-25,000	-11.0%	$13.80M	202,700
Q4 2022	PD PagerDuty, Inc.	PagerDuty, Inc.	Sell	-476,643	-37.5%	$21.06M	792,982
Q4 2022	PEGA Pegasystems Inc.	Pegasystems Inc.	Buy	+65,467	+1.2%	$190.06M	5,550,701
Q4 2022	PLNT Planet Fitness, Inc.	Planet Fitness, Inc.	Buy	+48,955	+2.4%	$162.58M	2,063,152
Q4 2022	PZZA Papa John's International, Inc.	Papa John's International, Inc.	Sell	-50,000	-24.8%	$12.48M	151,600
Q4 2022	SNEX StoneX Group Inc.	StoneX Group Inc.	Buy	+9,387	+23.5%	$4.71M	49,387
Q4 2022	SQ Block, Inc.	Block, Inc.	Buy	+344	+0.0%	$415.17M	6,606,774
Q4 2022	TDUP ThredUp Inc.	ThredUp Inc.	Buy	+500,000	+19.9%	$3.94M	3,010,000
Q4 2022	TWLO Twilio Inc.	Twilio Inc.	Buy	+27,000	+7.3%	$19.50M	398,377
Q4 2022	W Wayfair Inc.	Wayfair Inc.	Sell	-400,000	-14.0%	$80.80M	2,456,699
Q4 2022	WDAY Workday, Inc.	Workday, Inc.	Sell	-8,944	-0.4%	$397.96M	2,378,311
Q4 2022	WOW WideOpenWest, Inc.	WideOpenWest, Inc.	Buy	+500,000	+66.0%	$11.46M	1,258,000
Q4 2022	XPEL XPEL, Inc.	XPEL, Inc.	Sell	-94,774	-12.4%	$40.11M	667,778
Q4 2022	ZUO Zuora, Inc.	Zuora, Inc.	Sell	-260,970	-13.4%	$10.70M	1,682,272