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 |
|---|---|---|---|
Q4 2014Dec 31, 2014 | MIDD The Middleby Corporation | Sell | -436,770-42.7% |
Q4 2014Dec 31, 2014 | PZZA Papa John's International, Inc. | Sell - Position Exit | -829,791-100.0% |
Q3 2014Sep 30, 2014 | PZZA Papa John's International, Inc. | Buy - Position Entry | +829,791 |
Q3 2014Sep 30, 2014 | HEI-A Heico Corporation | Buy | +459,270+32.0% |
Q3 2014Sep 30, 2014 | SPE Special Opportunities Fund, Inc | Buy - Position Entry | +72,383 |
Q3 2014Sep 30, 2014 | EXPD Expeditors International of Was | Buy | +7,280+26.0% |
Q3 2014Sep 30, 2014 | CSWC Capital Southwest Corporation | Buy | +7,108+23.1% |
Q3 2014Sep 30, 2014 | BAM Brookfield Asset Management Ltd. | Buy | +6,035+12.4% |
Q3 2014Sep 30, 2014 | VSS Vanguard FTSE All-Wld ex-US SmC | Buy - Position Entry | +5,067 |
Q3 2014Sep 30, 2014 | VWO Vanguard FTSE Emerging Markets | Buy | +3,942+7.2% |
Q3 2014Sep 30, 2014 | UGI UGI Corporation | Buy | +3,043+49.1% |
Q3 2014Sep 30, 2014 | G9618E107 White Mountains | Buy | +577+30.0% |
Q3 2014Sep 30, 2014 | ADP Automatic Data Processing, Inc. | Sell | -6-0.1% |
Q3 2014Sep 30, 2014 | EMR Emerson Electric Company | Sell | -6-0.1% |
Q3 2014Sep 30, 2014 | MSFT Microsoft Corporation | Sell | -9-0.1% |
Q3 2014Sep 30, 2014 | AXP American Express Company | Sell | -75-0.8% |
Q3 2014Sep 30, 2014 | WY Weyerhaeuser Company | Sell | -277-1.0% |
Q3 2014Sep 30, 2014 | CRMT America's Car-Mart, Inc. | Sell | -872-0.1% |
Q3 2014Sep 30, 2014 | VMBS Vanguard Mortgage-Backed Securi | Sell | -1,520-26.6% |
Q3 2014Sep 30, 2014 | VCSH Vanguard Short-Term Corporate B | Sell | -1,642-16.2% |
Q3 2014Sep 30, 2014 | BRK-B Berkshire Hathaway Inc. New | Sell | -1,887-11.4% |
Q3 2014Sep 30, 2014 | BWX SPDR Bloomberg International Tr | Sell | -1,954-13.4% |
Q3 2014Sep 30, 2014 | MORN Morningstar, Inc. | Sell | -2,620-13.6% |
Q3 2014Sep 30, 2014 | EXC Exelon Corporation | Sell - Position Exit | -5,738-100.0% |
Q3 2014Sep 30, 2014 | VTV Vanguard Value ETF | Sell - Position Exit | -9,231-100.0% |
Q3 2014Sep 30, 2014 | MIDD The Middleby Corporation | Sell | -35,180-3.3% |
Q3 2014Sep 30, 2014 | MLAB Mesa Laboratories, Inc. | Sell - Position Exit | -161,758-100.0% |
Q3 2014Sep 30, 2014 | UTMD Utah Medical Products, Inc. | Sell - Position Exit | -303,667-100.0% |
Q3 2014Sep 30, 2014 | WINA Winmark Corporation | Sell - Position Exit | -497,975-100.0% |
Q3 2014Sep 30, 2014 | OFLX Omega Flex, Inc. | Sell - Position Exit | -554,640-100.0% |