Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q3 2025)
As of Sep 30, 2025, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 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 Q3 2025, the filing reported:
New Buys - Globus Medical, Inc., Onto Innovation Inc.
Reductions - Etsy, Inc., Interactive Brokers Group, Inc., Medpace Holdings, Inc., Pegasystems Inc., StoneX Group Inc., and 3 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 |
|---|---|---|---|
|
Q3 2025
|
ALGN
Align Technology, Inc.
|
Buy |
+97,378
|
|
Q3 2025
|
APG
APi Group Corporation
|
Buy |
+292
|
|
Q3 2025
|
CSGP
CoStar Group, Inc.
|
Buy |
+11,599
|
|
Q3 2025
|
ETSY
Etsy, Inc.
|
Sell |
-7,646
|
|
Q3 2025
|
GMED
Globus Medical, Inc.
|
Buy - Position Entry |
+521,129
|
|
Q3 2025
|
IBKR
Interactive Brokers Group, Inc.
|
Sell |
-950,511
|
|
Q3 2025
|
MEDP
Medpace Holdings, Inc.
|
Sell |
-45,577
|
|
Q3 2025
|
ONTO
Onto Innovation Inc.
|
Buy - Position Entry |
+75,450
|
|
Q3 2025
|
PEGA
Pegasystems Inc.
|
Sell |
-162,371
|
|
Q3 2025
|
SNEX
StoneX Group Inc.
|
Sell |
-99,500
|
|
Q3 2025
|
SQ
Block, Inc.
|
Sell |
-157,116
|
|
Q3 2025
|
VEEV
Veeva Systems Inc.
|
Sell |
-20,001
|
|
Q3 2025
|
W
Wayfair Inc.
|
Sell |
-63,526
|
|
Q3 2025
|
WDAY
Workday, Inc.
|
Buy |
+60,920
|