Brian Bares - Bares Capital Management Portfolio Stock Holdings

Bares Capital Management disclosed 24 stock positions valued at approximately $1.1 billion in its latest SEC 13F filing. The largest holdings include Pegasystems Inc, Block Inc, and Workday Inc.. The filing reflects positions held as of September 30, 2025 and was filed on November 14, 2025.

Report Period
September 30, 2025
No. of Stocks
24
Portfolio Value
$1.1B
Holdings by Sector
Bares Capital Management Portfolio Holdings in Q3 2025

24 holdings in the latest reporting period.

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CompanySymbolSectorPortfolio %SharesChange (Shares)Change %Value
Pegasystems IncPEGATechnology17.93%3,380,345-162,371-4.58%$194,369,838
Block IncSQTechnology13.28%1,991,847-157,116-7.31%$143,950,783
Workday Inc.WDAYTechnology13.19%593,755+60,920+11.43%$142,934,641
Interactive Brokers Group IncIBKRFinancial Services13.08%2,060,589-950,511-31.57%$141,789,129
CoStar GroupCSGPReal Estate9.54%1,226,251+11,599+0.95%$103,458,797
Etsy IncETSYConsumer Cyclical8.73%1,425,825-7,646-0.53%$94,660,522
Align Technology Inc.ALGNHealthcare7.04%609,722+97,378+19.01%$76,349,389
Wayfair IncWConsumer Cyclical5.54%672,486-63,526-8.63%$60,073,174
Medpace Holdings, Inc.MEDPHealthcare5.29%111,507-45,577-29.01%$57,332,439
Globus Medical Inc Class AGMEDHealthcare2.75%521,129+521,129+100.00%$29,845,058
Veeva Systems Inc.VEEVHealthcare2.02%73,360-20,001-21.42%$21,854,678
Onto Innovation Inc.ONTOTechnology0.90%75,450+35,450+88.63%$9,749,649
Middleby CorpMIDDIndustrials0.67%54,625--$7,261,301
Amphenol Corporation Class AAPHTechnology0.00%353--$43,684
StoneX Group IncSNEXFinancial Services0.00%402-99,500-99.60%$40,570
HEICO Corporation Class AHEI-AIndustrials0.00%122--$30,999
APi Group CorporationAPGIndustrials0.00%877+292+49.91%$30,142
AMETEK IncAMEIndustrials0.00%152--$28,576
Brown & Brown IncBROFinancial Services0.00%259--$24,292
Ferguson Enterprises Inc.FERGIndustrials0.00%103--$23,132
Watsco IncWSOIndustrials0.00%45--$18,194
Moody`s CorporationMCOFinancial Services0.00%34--$16,200
Tyler Technologies, Inc.TYLTechnology0.00%28--$14,648
Verisk Analytics Inc.VRSKIndustrials0.00%58--$14,588