Brian Bares - Bares Capital Management Sector Allocation (Q3 2025)

According to the SEC 13F filed on Nov 14, 2025, the Bares Capital Management portfolio managed by Brian Bares was diversified across 6 sectors as of quarter-end Sep 30, 2025. This allocation breakdown highlights where the portfolio is most concentrated and how capital is distributed across industries.

The Technology sector represents the largest share at 45.3% of total portfolio value, followed by Technology and Healthcare and Consumer Cyclical. Together, the top three sectors account for 76.7% of the portfolio, reflecting Brian Bares's emphasis on strategic positioning. This sector allocation provides insights into the fund's investment strategy and risk exposure.