Institutional Manager · CIK 0001340807
Bares Capital Management, Inc.
AUSTIN, TX · File #028-12210
Latest AUM
$1.08B
Positions
24
Top-10 Concentration
96.4%
Filings
8
Portfolio Value Over Time
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | Interactive Brokers Group Inc | 45841N107 | -950,511 | -$65.4M | +$40.3M |
| NEW | Globus Medical Inc Class A | 379577208 | +521,129 | +$29.8M | $0 |
| REDUCE | Medpace Holdings, Inc. | 58506Q109 | -45,577 | -$23.4M | +$31.5M |
| ADD | Workday Inc. | 98138H101 | +60,920 | +$14.7M | +$388,969 |
| ADD | Align Technology Inc. | 016255101 | +97,378 | +$12.2M | -$32.8M |
| REDUCE | Block Inc | 852234103 | -157,116 | -$11.4M | +$9.3M |
| REDUCE | StoneX Group Inc | 861896108 | -99,500 | -$10.0M | +$977,082 |
| NEW | Onto Innovation Inc. | 683344105 | +75,450 | +$9.7M | $0 |
| REDUCE | Pegasystems Inc | 705573103 | -162,371 | -$9.3M | +$11.9M |
| REDUCE | Veeva Systems Inc. | 922475108 | -20,001 | -$6.0M | +$927,075 |
Filing History
- 13F HOLDINGS REPORTQ/E Sep 202524 pos · $1.08B
- 13F HOLDINGS REPORTQ/E Jun 202522 pos · $1.03B
- 13F HOLDINGS REPORTQ/E Mar 202521 pos · $851.9M
- 13F HOLDINGS REPORTQ/E Dec 202411 pos · $1.11B
- 13F HOLDINGS REPORTQ/E Sep 202422 pos · $1.10B
- 13F HOLDINGS REPORTQ/E Jun 202429 pos · $2.08B
- 13F HOLDINGS REPORTQ/E Mar 202431 pos · $2.52B
- 13F HOLDINGS REPORTQ/E Dec 202337 pos · $2.34B
Top 20 Holdings — Sep 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Pegasystems Inc | 705573103 | 3,380,345 | $194.4M | 17.93% |
| 2 | Block Inc | 852234103 | 1,991,847 | $144.0M | 13.28% |
| 3 | Workday Inc. | 98138H101 | 593,755 | $142.9M | 13.19% |
| 4 | Interactive Brokers Group Inc | 45841N107 | 2,060,589 | $141.8M | 13.08% |
| 5 | CoStar Group | 22160N109 | 1,226,251 | $103.5M | 9.54% |
| 6 | Etsy Inc | 29786A106 | 1,425,825 | $94.7M | 8.73% |
| 7 | Align Technology Inc. | 016255101 | 609,722 | $76.3M | 7.04% |
| 8 | Wayfair Inc | 94419L101 | 672,486 | $60.1M | 5.54% |
| 9 | Medpace Holdings, Inc. | 58506Q109 | 111,507 | $57.3M | 5.29% |
| 10 | Globus Medical Inc Class A | 379577208 | 521,129 | $29.8M | 2.75% |
| 11 | Veeva Systems Inc. | 922475108 | 73,360 | $21.9M | 2.02% |
| 12 | Onto Innovation Inc. | 683344105 | 75,450 | $9.7M | 0.90% |
| 13 | Middleby Corp | 596278101 | 54,625 | $7.3M | 0.67% |
| 14 | Amphenol Corporation Class A | 032095101 | 353 | $43,684 | 0.00% |
| 15 | StoneX Group Inc | 861896108 | 402 | $40,570 | 0.00% |
| 16 | HEICO Corporation Class A | 422806208 | 122 | $30,999 | 0.00% |
| 17 | APi Group Corporation | 00187Y100 | 877 | $30,142 | 0.00% |
| 18 | AMETEK Inc | 031100100 | 152 | $28,576 | 0.00% |
| 19 | Brown & Brown Inc | 115236101 | 259 | $24,292 | 0.00% |
| 20 | Ferguson Enterprises Inc. | 31488V107 | 103 | $23,132 | 0.00% |