Brian Bares - Bares Capital Management Portfolio Stock Holdings
According to the SEC 13F filed on November 14, 2025, Bares Capital Management disclosed 24 stock positions valued at approximately $1.08B as of quarter-end September 30, 2025. The largest holdings include Pegasystems Inc, Block Inc, and Workday Inc..
- Report Period
- September 30, 2025
- No. of Stocks
- 24
- Portfolio Value
- $1.08B
Holdings by Sector
Bares Capital Management Portfolio Holdings in Q3 2025
| Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|
| Pegasystems Inc | PEGA | Technology | 17.93% | 3,380,345 | -162,371 | -4.58% | $194,369,838 |
| Block Inc | SQ | Technology | 13.28% | 1,991,847 | -157,116 | -7.31% | $143,950,783 |
| Workday Inc. | WDAY | Technology | 13.19% | 593,755 | +60,920 | +11.43% | $142,934,641 |
| Interactive Brokers Group Inc | IBKR | Financial Services | 13.08% | 2,060,589 | -950,511 | -31.57% | $141,789,129 |
| CoStar Group | CSGP | Real Estate | 9.54% | 1,226,251 | +11,599 | +0.95% | $103,458,797 |
| Etsy Inc | ETSY | Consumer Cyclical | 8.73% | 1,425,825 | -7,646 | -0.53% | $94,660,522 |
| Align Technology Inc. | ALGN | Healthcare | 7.04% | 609,722 | +97,378 | +19.01% | $76,349,389 |
| Wayfair Inc | W | Consumer Cyclical | 5.54% | 672,486 | -63,526 | -8.63% | $60,073,174 |
| Medpace Holdings, Inc. | MEDP | Healthcare | 5.29% | 111,507 | -45,577 | -29.01% | $57,332,439 |
| Globus Medical Inc Class A | GMED | Healthcare | 2.75% | 521,129 | +521,129 | +100.00% | $29,845,058 |
| Veeva Systems Inc. | VEEV | Healthcare | 2.02% | 73,360 | -20,001 | -21.42% | $21,854,678 |
| Onto Innovation Inc. | ONTO | Technology | 0.90% | 75,450 | +35,450 | +88.63% | $9,749,649 |
| Middleby Corp | MIDD | Industrials | 0.67% | 54,625 | - | - | $7,261,301 |
| Amphenol Corporation Class A | APH | Technology | 0.00% | 353 | - | - | $43,684 |
| StoneX Group Inc | SNEX | Financial Services | 0.00% | 402 | -99,500 | -99.60% | $40,570 |
| HEICO Corporation Class A | HEI-A | Industrials | 0.00% | 122 | - | - | $30,999 |
| APi Group Corporation | APG | Industrials | 0.00% | 877 | +292 | +49.91% | $30,142 |
| AMETEK Inc | AME | Industrials | 0.00% | 152 | - | - | $28,576 |
| Brown & Brown Inc | BRO | Financial Services | 0.00% | 259 | - | - | $24,292 |
| Ferguson Enterprises Inc. | FERG | Industrials | 0.00% | 103 | - | - | $23,132 |
| Watsco Inc | WSO | Industrials | 0.00% | 45 | - | - | $18,194 |
| Moody`s Corporation | MCO | Financial Services | 0.00% | 34 | - | - | $16,200 |
| Tyler Technologies, Inc. | TYL | Technology | 0.00% | 28 | - | - | $14,648 |
| Verisk Analytics Inc. | VRSK | Industrials | 0.00% | 58 | - | - | $14,588 |
Showing 24 of 24 holdings in the latest reporting period.