Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q4 2023)

As of Dec 31, 2023, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2024. 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 2023, the filing reported:

New Buys - None reported

Increases - Align Technology, Inc., Astronics Corporation, Etsy, Inc., Franklin Covey Company, Pegasystems Inc., and 9 more

Reductions - Agilysys, Inc., Alarm.com Holdings, Inc., CoStar Group, Inc., Element Solutions Inc., Cimpress, and 7 more

Complete Exits - InMode, Olo Inc., Papa John's International, Inc., Redfin Corporation

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 2023	AGYS Agilysys, Inc.	Agilysys, Inc.	Sell	-65,000	-23.6%	$17.81M	210,000
Q4 2023	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+104,799	+22.6%	$155.55M	567,710
Q4 2023	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Sell	-2,685	-0.4%	$42.98M	665,134
Q4 2023	ATRO Astronics Corporation	Astronics Corporation	Buy	+92,574	+12.8%	$14.19M	814,692
Q4 2023	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-89,910	-4.4%	$172.61M	1,975,195
Q4 2023	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-2,357	-0.3%	$16.03M	692,772
Q4 2023	ETSY Etsy, Inc.	Etsy, Inc.	Buy	+36,623	+0.9%	$330.71M	4,080,338
Q4 2023	FC Franklin Covey Company	Franklin Covey Company	Buy	+45,290	+11.0%	$19.94M	458,091
Q4 2023	G2143T103 Cimpress	Cimpress	Sell	-16,908	-6.1%	$20.86M	260,623
Q4 2023	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell	-18,000	-8.9%	$20.14M	184,664
Q4 2023	HCAT Health Catalyst, Inc	Health Catalyst, Inc	Sell	-250,000	-35.7%	$4.17M	450,000
Q4 2023	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-20,807	-0.8%	$211.03M	2,545,588
Q4 2023	M5425M103 InMode	InMode	Sell - Position Exit	-130,000	-100.0%	$0.00	-
Q4 2023	OLO Olo Inc.	Olo Inc.	Sell - Position Exit	-1,654,863	-100.0%	$0.00	-
Q4 2023	PD PagerDuty, Inc.	PagerDuty, Inc.	Sell	-111,313	-16.0%	$13.54M	584,970
Q4 2023	PEGA Pegasystems Inc.	Pegasystems Inc.	Buy	+90,993	+1.6%	$286.43M	5,862,346
Q4 2023	PZZA Papa John's International, Inc.	Papa John's International, Inc.	Sell - Position Exit	-66,000	-100.0%	$0.00	-
Q4 2023	RDFN Redfin Corporation	Redfin Corporation	Sell - Position Exit	-16,606,557	-100.0%	$0.00	-
Q4 2023	SNEX StoneX Group Inc.	StoneX Group Inc.	Buy	+6,000	+3.8%	$12.18M	165,000
Q4 2023	SQ Block, Inc.	Block, Inc.	Buy	+87,826	+2.0%	$347.09M	4,487,251
Q4 2023	SSTI SoundThinking, Inc.	SoundThinking, Inc.	Buy	+71,705	+10.7%	$18.88M	739,213
Q4 2023	TDUP ThredUp Inc.	ThredUp Inc.	Buy	+186,579	+6.2%	$7.17M	3,186,579
Q4 2023	TFIN Triumph Financial, Inc.	Triumph Financial, Inc.	Buy	+24,847	+10.7%	$20.54M	256,235
Q4 2023	TWLO Twilio Inc.	Twilio Inc.	Buy	+95,258	+28.6%	$32.53M	428,730
Q4 2023	UPWK Upwork Inc.	Upwork Inc.	Sell	-330,000	-22.6%	$16.80M	1,130,000
Q4 2023	W Wayfair Inc.	Wayfair Inc.	Sell	-35,879	-1.6%	$137.28M	2,224,907
Q4 2023	WDAY Workday, Inc.	Workday, Inc.	Sell	-291,075	-17.8%	$372.26M	1,348,467
Q4 2023	WOW WideOpenWest, Inc.	WideOpenWest, Inc.	Buy	+332,224	+14.5%	$10.65M	2,630,434
Q4 2023	XPEL XPEL, Inc.	XPEL, Inc.	Buy	+83,311	+13.0%	$39.10M	726,082
Q4 2023	ZUO Zuora, Inc.	Zuora, Inc.	Buy	+435,000	+54.4%	$11.61M	1,235,000