Bares Capital Management, Inc. Buys 3, Sells 2 in 3rd Quarter

Bares Capital Management, Inc. recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

12600 HILL COUNTRY BLVD AUSTIN, TX 78738

As of the latest 13F report, the guru’s equity portfolio contained 38 stocks valued at a total of $2.57Bil. The top holdings were WDAY(14.17%), SQ(14.16%), and IBKR(7.85%).

According to GuruFocus data, these were Bares Capital Management, Inc.’s top five trades of the quarter.

Wayfair Inc


Bares Capital Management, Inc. reduced their investment in NYSE:W by 2,057,420 shares. The trade had a 3.28% impact on the equity portfolio. During the quarter, the stock traded for an average price of $52.85.

On 11/15/2022, Wayfair Inc traded for a price of $40.55 per share and a market cap of $4.34Bil. The stock has returned -84.28% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Wayfair Inc has a EV-to-Ebitda ratio of -8.94 and a price-sales ratio of 0.35.

The price-to-GF Value ratio is 0.20, earning the stock a GF Value rank of 2.

Etsy Inc


During the quarter, Bares Capital Management, Inc. bought 716,680 shares of NAS:ETSY for a total holding of 1,543,233. The trade had a 2.8% impact on the equity portfolio. During the quarter, the stock traded for an average price of $102.06.

On 11/15/2022, Etsy Inc traded for a price of $119.74 per share and a market cap of $15.05Bil. The stock has returned -56.00% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Etsy Inc has a EV-to-Ebitda ratio of 31.51 and a price-sales ratio of 6.86.

The price-to-GF Value ratio is 0.54, earning the stock a GF Value rank of 8.

Alteryx Inc


Bares Capital Management, Inc. reduced their investment in NYSE:AYX by 1,358,198 shares. The trade had a 2.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $58.63.

On 11/15/2022, Alteryx Inc traded for a price of $45.93 per share and a market cap of $3.17Bil. The stock has returned -36.07% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 4 out of 10.

In terms of valuation, Alteryx Inc has a price-book ratio of 20.14, a EV-to-Ebitda ratio of -14.11 and a price-sales ratio of 4.29.

The price-to-GF Value ratio is 0.36, earning the stock a GF Value rank of 2.

Align Technology Inc


During the quarter, Bares Capital Management, Inc. bought 223,091 shares of NAS:ALGN for a total holding of 913,324. The trade had a 1.8% impact on the equity portfolio. During the quarter, the stock traded for an average price of $257.42.

On 11/15/2022, Align Technology Inc traded for a price of $210.33 per share and a market cap of $16.43Bil. The stock has returned -69.42% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Align Technology Inc has a price-earnings ratio of 32.51, a price-book ratio of 4.45, a price-earnings-to-growth (PEG) ratio of 1.29, a EV-to-Ebitda ratio of 17.72 and a price-sales ratio of 4.30.

The price-to-GF Value ratio is 0.42, earning the stock a GF Value rank of 4.

Planet Fitness Inc


During the quarter, Bares Capital Management, Inc. bought 575,627 shares of NYSE:PLNT for a total holding of 2,014,197. The trade had a 1.29% impact on the equity portfolio. During the quarter, the stock traded for an average price of $72.03.

On 11/15/2022, Planet Fitness Inc traded for a price of $72.04 per share and a market cap of $6.01Bil. The stock has returned -21.93% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Planet Fitness Inc has a price-earnings ratio of 85.76, a EV-to-Ebitda ratio of 26.16 and a price-sales ratio of 7.27.

The price-to-GF Value ratio is 0.66, earning the stock a GF Value rank of 10.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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