Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q2 2019)
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, 2019. 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 2019, the filing reported:
New Buys - Zuora, Inc.
Increases - Fastenal Company, Interactive Brokers Group, Inc., Block, Inc., Wayfair Inc., Workday, Inc.
Reductions - Align Technology, Inc., ANSYS, Inc., CoStar Group, Inc., Guidewire Software, Inc., Gartner, Inc., and 4 more
Complete Exits - None reported
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 |
|---|---|---|---|
|
Q2 2019
|
ALGN
Align Technology, Inc.
|
Sell |
-377
|
|
Q2 2019
|
ANSS
ANSYS, Inc.
|
Sell |
-15,900
|
|
Q2 2019
|
CSGP
CoStar Group, Inc.
|
Sell |
-16,347
|
|
Q2 2019
|
FAST
Fastenal Company
|
Buy |
+4,214,984
|
|
Q2 2019
|
GWRE
Guidewire Software, Inc.
|
Sell |
-25,632
|
|
Q2 2019
|
IBKR
Interactive Brokers Group, Inc.
|
Buy |
+59,355
|
|
Q2 2019
|
IT
Gartner, Inc.
|
Sell |
-4,835
|
|
Q2 2019
|
MIDD
The Middleby Corporation
|
Sell |
-1,648,270
|
|
Q2 2019
|
SQ
Block, Inc.
|
Buy |
+3,053,548
|
|
Q2 2019
|
TRIP
TripAdvisor, Inc.
|
Sell |
-149,723
|
|
Q2 2019
|
TYL
Tyler Technologies, Inc.
|
Sell |
-6,235
|
|
Q2 2019
|
UA
Under Armour, Inc.
|
Sell |
-114,483
|
|
Q2 2019
|
W
Wayfair Inc.
|
Buy |
+70,137
|
|
Q2 2019
|
WDAY
Workday, Inc.
|
Buy |
+2,003
|
|
Q2 2019
|
ZUO
Zuora, Inc.
|
Buy - Position Entry |
+2,420,736
|