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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Page 2 of 7 – SEC Filing
| CUSIP No. 10316T104 | 13G | Page 2 of 7 Pages |
| 1 | NAMES OF REPORTING PERSONS | ||||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
| Bares Capital Management, Inc. – IRS # 74-2961140 | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||
| (a)☐ | |||||
| (b)☒ | |||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
| Texas | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
| 0 | |||||
| 6 | SHARED VOTING POWER | ||||
| 4,627,673 | |||||
| 7 | SOLE DISPOSITIVE POWER | ||||
| 0 | |||||
| 8 | SHARED DISPOSITIVE POWER | ||||
| 4,627,673 | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
| 4,627,673 | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
| ☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
| 10.9% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
| IA | |||||
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Page 3 of 7 – SEC Filing
| CUSIP No. 10316T104 | 13G | Page 3 of 7 Pages |
| 1 | NAMES OF REPORTING PERSONS | ||||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
| Brian Bares | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||
| (a)☐ | |||||
| (b)☒ | |||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
| USA | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
| 0 | |||||
| 6 | SHARED VOTING POWER | ||||
| 4,627,673 | |||||
| 7 | SOLE DISPOSITIVE POWER | ||||
| 0 | |||||
| 8 | SHARED DISPOSITIVE POWER | ||||
| 4,627,673 | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
| 4,627,673 | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
| ☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
| 10.9% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
| IA, IN | |||||
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Page 4 of 7 – SEC Filing
| CUSIP No. 10316T104 | 13G | Page 4 of 7 Pages |
Item 1.
| (a) | Name of Issuer BOX, Inc. | |
| (b) | Address of Issuer’s Principal Executive Offices 900 Jefferson Avenue Redwood City, CA 94063 |
Item 2.
| (a) | Name of Person Filing Bares Capital Management, Inc. | |
| (b) | Address of the Principal Office or, if none, residence 12600 Hill Country Blvd, Suite R-230 Austin, TX 78738 | |
| (c) | Citizenship USA | |
| (d) | Title of Class of Securities Common stock | |
| (e) | CUSIP Number 10316T104 |
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | |
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | |
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | |
| (e) | ☒ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | |
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
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Page 5 of 7 – SEC Filing
| Item 4. | Ownership. |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: Bares Capital Management, Inc. – 4,627,673 Brian Bares – 0 | |||
| (b) | Percent of class: Bares Capital Management, Inc. – 10.9% Brian Bares – 10.9% | |||
| (c) | Number of shares as to which the person has: | |||
| (i) | Sole power to vote or to direct the vote Bares Capital Management, Inc. – 0 shares Brian Bares – 0 | |||
| (ii) | Shared power to vote or to direct the vote Bares Capital Management, Inc. – 4,627,673 Brian Bares – 4,627,673 | |||
| (iii) | Sole power to dispose or to direct the disposition of Bares Capital Management, Inc. – 0 Brian Bares – 0 | |||
| (iv) | Shared power to dispose or to direct the disposition of Bares Capital Management, Inc. – 4,627,673 Brian Bares – 4,627,673 | |||
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
| Item 5. | Ownership of Five Percent or Less of a Class. |
| Item 6. | Ownership of More than Five Percent on Behalf of another Person. |
Not Applicable
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. |
Not Applicable
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Page 6 of 7 – SEC Filing
| Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
| Item 9. | Notice of Dissolution of Group. |
Not Applicable
| Item 10. | Certification. |
| (a) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): | |
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. | ||
| (b) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(c): | |
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
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Page 7 of 7 – SEC Filing
| CUSIP No. 91732J102 | 13G | Page 7 of 7 Pages |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| 05/10/2016 | |
| Date | |
| /s/ Brian T Bares | |
| Signature | |
| Brian T Bares/President | |
| Name/Title |
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