Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q2 2016)

According to the SEC 13F filed on Nov 14, 2025, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2016. 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 Q2 2016, the filing reported:

New Buys - CoStar Group, Inc.

Increases - Alarm.com Holdings, Inc., ANSYS, Inc., Box, Inc., Fastenal Company, FactSet Research Systems Inc., and 3 more

Reductions - America's Car-Mart, Inc.

Complete Exits - Heico Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2016	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Buy	+197,415	+10.9%	$51.43K	2,006,661
Q2 2016	ANSS ANSYS, Inc.	ANSYS, Inc.	Buy	+103,866	+13.8%	$77.97K	859,187
Q2 2016	BOX Box, Inc.	Box, Inc.	Buy	+1,680,699	+48.6%	$53.11K	5,136,447
Q2 2016	CRMT America's Car-Mart, Inc.	America's Car-Mart, Inc.	Sell	-74,758	-5.5%	$36.48K	1,291,696
Q2 2016	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Buy - Position Entry	+267,612	-	$58.52K	267,612
Q2 2016	FAST Fastenal Company	Fastenal Company	Buy	+213,029	+11.0%	$95.77K	2,157,361
Q2 2016	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy	+21,938	+4.8%	$77.26K	478,638
Q2 2016	HEI-A Heico Corporation	Heico Corporation	Sell - Position Exit	-350,977	-100.0%	$0.00	-
Q2 2016	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Buy	+375,941	+16.8%	$92.63K	2,616,550
Q2 2016	MCO Moody's Corporation	Moody's Corporation	Buy	+41,359	+4.5%	$90.04K	960,802
Q2 2016	MKL Markel Group Inc.	Markel Group Inc.	Buy	+8,928	+12.4%	$76.85K	80,660