According to a recent 13G filing with the US Securities and Exchange Commission, Brian Bares’ Bares Capital Management has added a new position to its portfolio by acquiring 4.63 million shares of Box Inc (NYSE:BOX), which represent 10.9% of the company’s outstanding stock.
Box (NYSE:BOX) provides an online content management and file sharing services for businesses through their mobile-optimized Enterprise Content Collaboration platform that works on a plethora of devices. Over the past 12 months, the company’s shares have dropped by 30.7% . Recently, the company has launched a service that enables businesses in Asia and Europe to store data regionally.
According to Insider Monkey’s hedge fund database, the number of investors long Box (NYSE:BOX) increased to eight during the fourth quarter and Philippe Laffont’s Coatue Management disclosed the most valuable position worth around $42.2 million. The second-biggest position was reported by Matthew Knauer and Mina Faltas’ Nokota Management, which reported a $23.2 million. Some other investors that were bullish on Box (NYSE:BOX) encompass Brad Gerstner’s Altimeter Capital Management, Brian Ashford-Russell and Tim Woolley’s Polar Capital, Israel Englander’s Millennium Management, Dmitry Balyasny’s Balyasny Asset Management, and Paul Tudor Jones’s Tudor Investment Corp.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Bares Capital Management, Inc.||0||4,627,673||0||4,627,673||4,627,673||10.9%|
Page 1 of 7 – SEC Filing
(Name of Issuer)
(Title of Class of Securities)
(Date of Event which Requires Filing of this Statement)