Brian Bares - Bares Capital Management Portfolio

Name: Investment Portfolio Data
License: https://creativecommons.org/licenses/by/4.0/

Period Date		Mar 31, 2025
Filing Date		May 15, 2025
Total Stocks		21
Portfolio Value		$851.86M

Bares Capital Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q4 2023Dec 31, 2023	PEGA Pegasystems Inc.	Pegasystems Inc.	Buy	+90,993+1.6%	$286.43M	5,862,346
Q4 2023Dec 31, 2023	SQ Block, Inc.	Block, Inc.	Buy	+87,826+2.0%	$347.09M	4,487,251
Q4 2023Dec 31, 2023	XPEL XPEL, Inc.	XPEL, Inc.	Buy	+83,311+13.0%	$39.10M	726,082
Q4 2023Dec 31, 2023	SSTI SoundThinking, Inc.	SoundThinking, Inc.	Buy	+71,705+10.7%	$18.88M	739,213
Q4 2023Dec 31, 2023	FC Franklin Covey Company	Franklin Covey Company	Buy	+45,290+11.0%	$19.94M	458,091
Q4 2023Dec 31, 2023	ETSY Etsy, Inc.	Etsy, Inc.	Buy	+36,623+0.9%	$330.71M	4,080,338
Q4 2023Dec 31, 2023	TFIN Triumph Financial, Inc.	Triumph Financial, Inc.	Buy	+24,847+10.7%	$20.54M	256,235
Q4 2023Dec 31, 2023	SNEX StoneX Group Inc.	StoneX Group Inc.	Buy	+6,000+3.8%	$12.18M	165,000
Q4 2023Dec 31, 2023	ESI Element Solutions Inc.	Element Solutions Inc.	Sell	-2,357-0.3%	$16.03M	692,772
Q4 2023Dec 31, 2023	ALRM Alarm.com Holdings, Inc.	Alarm.com Holdings, Inc.	Sell	-2,685-0.4%	$42.98M	665,134
Q4 2023Dec 31, 2023	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell	-18,000-8.9%	$20.14M	184,664
Q4 2023Dec 31, 2023	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-20,807-0.8%	$211.03M	2,545,588
Q4 2023Dec 31, 2023	W Wayfair Inc.	Wayfair Inc.	Sell	-35,879-1.6%	$137.28M	2,224,907
Q4 2023Dec 31, 2023	AGYS Agilysys, Inc.	Agilysys, Inc.	Sell	-65,000-23.6%	$17.81M	210,000
Q4 2023Dec 31, 2023	PZZA Papa John's International, Inc.	Papa John's International, Inc.	Sell - Position Exit	-66,000-100.0%	$0.00	-
Q4 2023Dec 31, 2023	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-89,910-4.4%	$172.61M	1,975,195
Q4 2023Dec 31, 2023	PD PagerDuty, Inc.	PagerDuty, Inc.	Sell	-111,313-16.0%	$13.54M	584,970
Q4 2023Dec 31, 2023	HCAT Health Catalyst, Inc	Health Catalyst, Inc	Sell	-250,000-35.7%	$4.17M	450,000
Q4 2023Dec 31, 2023	WDAY Workday, Inc.	Workday, Inc.	Sell	-291,075-17.8%	$372.26M	1,348,467
Q4 2023Dec 31, 2023	UPWK Upwork Inc.	Upwork Inc.	Sell	-330,000-22.6%	$16.80M	1,130,000
Q4 2023Dec 31, 2023	OLO Olo Inc.	Olo Inc.	Sell - Position Exit	-1,654,863-100.0%	$0.00	-
Q4 2023Dec 31, 2023	RDFN Redfin Corporation	Redfin Corporation	Sell - Position Exit	-16,606,557-100.0%	$0.00	-
Q3 2023Sep 30, 2023	ETSY Etsy, Inc.	Etsy, Inc.	Buy	+1,480,655+57.8%	$261.14M	4,043,715
Q3 2023Sep 30, 2023	WOW WideOpenWest, Inc.	WideOpenWest, Inc.	Buy	+360,690+18.6%	$17.58M	2,298,210
Q3 2023Sep 30, 2023	PD PagerDuty, Inc.	PagerDuty, Inc.	Buy	+228,693+48.9%	$15.66M	696,283
Q3 2023Sep 30, 2023	TFIN Triumph Financial, Inc.	Triumph Financial, Inc.	Buy	+152,222+192.3%	$14.99M	231,388
Q3 2023Sep 30, 2023	SSTI SoundThinking, Inc.	SoundThinking, Inc.	Buy	+74,521+12.6%	$11.95M	667,508
Q3 2023Sep 30, 2023	SQ Block, Inc.	Block, Inc.	Buy	+11,376+0.3%	$194.72M	4,399,425
Q3 2023Sep 30, 2023	FC Franklin Covey Company	Franklin Covey Company	Buy	+6,340+1.6%	$17.72M	412,801
Q3 2023Sep 30, 2023	AGYS Agilysys, Inc.	Agilysys, Inc.	Buy	+5,000+1.9%	$18.19M	275,000

Page 6 of 35 • 1031 total trades

«‹

4 5 6 7 8

›»