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

As of Dec 31, 2022, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 15, 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 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