Brian Bares - Bares Capital Management Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Bares Capital Management portfolio balances reported a total equity value of $1.08B across 24 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight Pegasystems Inc (PEGA) as the single largest position, accounting for 17.9% of total equity value, followed by Block Inc (SQ), Workday Inc. (WDAY), Interactive Brokers Group Inc (IBKR), and others. Collectively, the top five holdings represent 67.0% of the portfolio, showing how capital is distributed among core positions and long-term investments.