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 2019Mar 31, 2019 | WDAY Workday, Inc. | Sell | -90,831-4.7% |
Q1 2019Mar 31, 2019 | MIDD The Middleby Corporation | Sell | -92,596-4.3% |
Q1 2019Mar 31, 2019 | FAST Fastenal Company | Sell | -289,788-6.1% |
Q1 2019Mar 31, 2019 | UA Under Armour, Inc. | Sell | -510,415-4.8% |
Q1 2019Mar 31, 2019 | TRIP TripAdvisor, Inc. | Sell | -756,597-14.4% |
Q1 2019Mar 31, 2019 | WAT Waters Corporation | Sell - Position Exit | -900,685-100.0% |
Q1 2019Mar 31, 2019 | BOX Box, Inc. | Sell | -906,078-9.6% |
Q1 2019Mar 31, 2019 | ESI Element Solutions Inc. | Sell | -1,699,511-9.4% |
Q1 2019Mar 31, 2019 | ALRM Alarm.com Holdings, Inc. | Sell | -1,981,958-57.6% |
Q4 2018Dec 31, 2018 | ESI Element Solutions Inc. | Buy - Position Entry | +18,070,958 |
Q4 2018Dec 31, 2018 | BOX Box, Inc. | Buy | +1,859,624+24.6% |
Q4 2018Dec 31, 2018 | IBKR Interactive Brokers Group, Inc. | Buy | +1,071,288+18.3% |
Q4 2018Dec 31, 2018 | UA Under Armour, Inc. | Buy | +509,245+5.0% |
Q4 2018Dec 31, 2018 | MIDD The Middleby Corporation | Buy | +214,328+11.0% |
Q4 2018Dec 31, 2018 | FAST Fastenal Company | Buy | +192,631+4.2% |
Q4 2018Dec 31, 2018 | SQ Block, Inc. | Buy | +170,143+45.8% |
Q4 2018Dec 31, 2018 | WDAY Workday, Inc. | Buy | +153,440+8.7% |
Q4 2018Dec 31, 2018 | TRIP TripAdvisor, Inc. | Buy | +146,130+2.9% |
Q4 2018Dec 31, 2018 | IT Gartner, Inc. | Buy | +130,657+6.0% |
Q4 2018Dec 31, 2018 | ALGN Align Technology, Inc. | Buy - Position Entry | +88,850 |
Q4 2018Dec 31, 2018 | GWRE Guidewire Software, Inc. | Buy | +65,546+24.8% |
Q4 2018Dec 31, 2018 | ANSS ANSYS, Inc. | Buy | +37,951+29.1% |
Q4 2018Dec 31, 2018 | TYL Tyler Technologies, Inc. | Buy | +31,547+32.1% |
Q4 2018Dec 31, 2018 | CSGP CoStar Group, Inc. | Buy | +26,785+4.7% |
Q4 2018Dec 31, 2018 | WAT Waters Corporation | Buy | +1,096+0.1% |
Q4 2018Dec 31, 2018 | PZZA Papa John's International, Inc. | Sell | -96,130-5.8% |
Q4 2018Dec 31, 2018 | ALRM Alarm.com Holdings, Inc. | Sell | -117,290-3.3% |
Q4 2018Dec 31, 2018 | ELF e.l.f. Beauty, Inc. | Sell | -1,242,763-42.3% |
Q3 2018Sep 30, 2018 | WDAY Workday, Inc. | Buy | +1,765,806+54601.3% |
Q3 2018Sep 30, 2018 | UA Under Armour, Inc. | Buy | +1,623,852+19.0% |