Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q1 2025)
According to the SEC 13F filed on May 15, 2025, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q1 2025, the filing reported:
New Buys - AMETEK, Inc., Amphenol Corporation, Brown & Brown, Inc., Danaher Corporation, Heico Corporation, and 7 more
Increases - Align Technology, Inc., CoStar Group, Inc.
Reductions - Etsy, Inc., Interactive Brokers Group, Inc., Pegasystems Inc., Block, Inc., Veeva Systems Inc., and 2 more
Complete Exits - Twilio Inc.
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Type | Change Qty |
|---|---|---|---|
|
Q1 2025
|
ALGN
Align Technology, Inc.
|
Buy |
+24,481
|
|
Q1 2025
|
AME
AMETEK, Inc.
|
Buy - Position Entry |
+152
|
|
Q1 2025
|
APH
Amphenol Corporation
|
Buy - Position Entry |
+353
|
|
Q1 2025
|
BRO
Brown & Brown, Inc.
|
Buy - Position Entry |
+213
|
|
Q1 2025
|
CSGP
CoStar Group, Inc.
|
Buy |
+483,797
|
|
Q1 2025
|
DHR
Danaher Corporation
|
Buy - Position Entry |
+68
|
|
Q1 2025
|
ETSY
Etsy, Inc.
|
Sell |
-382,644
|
|
Q1 2025
|
HEI-A
Heico Corporation
|
Buy - Position Entry |
+122
|
|
Q1 2025
|
IBKR
Interactive Brokers Group, Inc.
|
Sell |
-107,110
|
|
Q1 2025
|
KAI
Kadant Inc
|
Buy - Position Entry |
+60
|
|
Q1 2025
|
MCO
Moody's Corporation
|
Buy - Position Entry |
+34
|
|
Q1 2025
|
MEDP
Medpace Holdings, Inc.
|
Buy - Position Entry |
+37,476
|
|
Q1 2025
|
PEGA
Pegasystems Inc.
|
Sell |
-358,959
|
|
Q1 2025
|
SNEX
StoneX Group Inc.
|
Buy - Position Entry |
+109,902
|
|
Q1 2025
|
SQ
Block, Inc.
|
Sell |
-320,511
|
|
Q1 2025
|
TWLO
Twilio Inc.
|
Sell - Position Exit |
-159,045
|
|
Q1 2025
|
TYL
Tyler Technologies, Inc.
|
Buy - Position Entry |
+28
|
|
Q1 2025
|
VEEV
Veeva Systems Inc.
|
Sell |
-25,869
|
|
Q1 2025
|
VRSK
Verisk Analytics, Inc.
|
Buy - Position Entry |
+58
|
|
Q1 2025
|
W
Wayfair Inc.
|
Sell |
-173,288
|
|
Q1 2025
|
WDAY
Workday, Inc.
|
Sell |
-52,752
|
|
Q1 2025
|
WSO
Watsco, Inc.
|
Buy - Position Entry |
+33
|