Box Inc (BOX): Bares Capital Management Reports New Stake

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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.

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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%
Brian Bares 0 4,627,673 0 4,627,673 4,627,673 10.9%

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Page 1 of 7 – SEC Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.0)*
BOX, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
10316T104
(CUSIP Number)
04/30/2016
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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