Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q1 2025)
As of Mar 31, 2025, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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
|