Brian Bares – Bares Capital Management Portfolio Activity & Recent Trades (Jun 30, 2025)
As of Jun 30, 2025, the Bares Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 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 Q2 2025, the filing reported:
New Buys – The Middleby Corporation (MIDD), APi Group Corporation (APG), Ferguson Enterprises Inc. (FERG)
Increases – Interactive Brokers Group, Inc. (IBKR), Pegasystems Inc. (PEGA), Medpace Holdings, Inc. (MEDP), CoStar Group, Inc. (CSGP), Brown & Brown, Inc. (BRO), and 1 more
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
Bares Capital Management Activity
| Date | Symbol | Type | Quantity |
|---|---|---|---|
Q1 2020Mar 31, 2020 | WDAY Workday, Inc. | Buy | +573,757+23.3% |
Q1 2020Mar 31, 2020 | PD PagerDuty, Inc. | Buy - Position Entry | +559,573 |
Q1 2020Mar 31, 2020 | PEGA Pegasystems Inc. | Buy | +462,818+12.9% |
Q1 2020Mar 31, 2020 | ALGN Align Technology, Inc. | Buy | +357,504+30.0% |
Q1 2020Mar 31, 2020 | W Wayfair Inc. | Buy | +345,873+7.8% |
Q1 2020Mar 31, 2020 | ATRO Astronics Corporation | Buy - Position Entry | +282,622 |
Q1 2020Mar 31, 2020 | TWLO Twilio Inc. | Buy - Position Entry | +276,438 |
Q1 2020Mar 31, 2020 | GWRE Guidewire Software, Inc. | Buy | +155,100+45.6% |
Q1 2020Mar 31, 2020 | IT Gartner, Inc. | Buy | +120,047+5.0% |
Q1 2020Mar 31, 2020 | MIDD The Middleby Corporation | Buy | +60,589+18.2% |
Q1 2020Mar 31, 2020 | CSGP CoStar Group, Inc. | Buy | +10,000+2.7% |
Q1 2020Mar 31, 2020 | TYL Tyler Technologies, Inc. | Sell | -19,367-14.9% |
Q1 2020Mar 31, 2020 | G2143T103 Cimpress | Sell | -174,686-56.8% |
Q1 2020Mar 31, 2020 | ALRM Alarm.com Holdings, Inc. | Sell | -512,036-33.6% |
Q1 2020Mar 31, 2020 | ZUO Zuora, Inc. | Sell | -573,216-19.0% |
Q1 2020Mar 31, 2020 | TRIP TripAdvisor, Inc. | Sell - Position Exit | -680,611-100.0% |
Q1 2020Mar 31, 2020 | PZZA Papa John's International, Inc. | Sell | -838,753-71.4% |
Q1 2020Mar 31, 2020 | FAST Fastenal Company | Sell - Position Exit | -902,881-100.0% |
Q1 2020Mar 31, 2020 | UA Under Armour, Inc. | Sell | -1,279,847-12.4% |
Q1 2020Mar 31, 2020 | IBKR Interactive Brokers Group, Inc. | Sell | -1,393,503-18.6% |
Q1 2020Mar 31, 2020 | BOX Box, Inc. | Sell | -2,444,269-41.1% |
Q1 2020Mar 31, 2020 | ESI Element Solutions Inc. | Sell | -4,285,795-38.7% |
Q4 2019Dec 31, 2019 | PEGA Pegasystems Inc. | Buy | +3,115,000+675.2% |
Q4 2019Dec 31, 2019 | W Wayfair Inc. | Buy | +2,011,660+83.8% |
Q4 2019Dec 31, 2019 | WDAY Workday, Inc. | Buy | +409,763+20.0% |
Q4 2019Dec 31, 2019 | ALRM Alarm.com Holdings, Inc. | Buy | +321,796+26.8% |
Q4 2019Dec 31, 2019 | SQ Block, Inc. | Buy | +321,411+6.6% |
Q4 2019Dec 31, 2019 | G2143T103 Cimpress | Buy - Position Entry | +307,601 |
Q4 2019Dec 31, 2019 | ZUO Zuora, Inc. | Buy | +300,150+11.0% |
Q4 2019Dec 31, 2019 | ALGN Align Technology, Inc. | Buy | +140,891+13.4% |