Brian Bares - Bares Capital Management Portfolio Holdings
As of Sep 30, 2025, the Bares Capital Management portfolio holdings is valued at approximately $1,083,914,423.00 featuring 24 publicly traded holdings. This in-depth profile highlights the top investments led by Pegasystems Inc (PEGA), Block Inc (SQ), Workday Inc. (WDAY), Interactive Brokers Group Inc (IBKR), and others based on the company's latest SEC filings reported on Nov 14, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Bares Capital Management's stock portfolio spans 24 holdings across 6 sectors, with a total market value of $1,083,914,423.00. The Technology sector represents the largest allocation, while the top holdings account for nearly 96% of the total portfolio value. Pegasystems Inc remains the single largest position at 17.9% of all equity investments.
Complete Holdings
Showing 24 of 24 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | Pegasystems Inc | PEGA | Technology | 17.93% | 3,380,345 | -162,371 | -4.58% | $194,369,838.00 |
| 2 | Block Inc | SQ | Technology | 13.28% | 1,991,847 | -157,116 | -7.31% | $143,950,783.00 |
| 3 | Workday Inc. | WDAY | Technology | 13.19% | 593,755 | +60,920 | +11.43% | $142,934,641.00 |
| 4 | Interactive Brokers Group Inc | IBKR | Financial Services | 13.08% | 2,060,589 | -950,511 | -31.57% | $141,789,129.00 |
| 5 | CoStar Group | CSGP | Real Estate | 9.54% | 1,226,251 | +11,599 | +0.95% | $103,458,797.00 |
| 6 | Etsy Inc | ETSY | Consumer Cyclical | 8.73% | 1,425,825 | -7,646 | -0.53% | $94,660,522.00 |
| 7 | Align Technology Inc. | ALGN | Healthcare | 7.04% | 609,722 | +97,378 | +19.01% | $76,349,389.00 |
| 8 | Wayfair Inc | W | Consumer Cyclical | 5.54% | 672,486 | -63,526 | -8.63% | $60,073,174.00 |
| 9 | Medpace Holdings, Inc. | MEDP | Healthcare | 5.29% | 111,507 | -45,577 | -29.01% | $57,332,439.00 |
| 10 | Globus Medical Inc Class A | GMED | Healthcare | 2.75% | 521,129 | +521,129 | +100.00% | $29,845,058.00 |
| 11 | Veeva Systems Inc. | VEEV | Healthcare | 2.02% | 73,360 | -20,001 | -21.42% | $21,854,678.00 |
| 12 | Onto Innovation Inc. | ONTO | Technology | 0.90% | 75,450 | +35,450 | +88.62% | $9,749,649.00 |
| 13 | Middleby Corp | MIDD | Industrials | 0.67% | 54,625 | - | - | $7,261,301.00 |
| 14 | Amphenol Corporation Class A | APH | Technology | 0.00% | 353 | - | - | $43,684.00 |
| 15 | StoneX Group Inc | SNEX | Financial Services | 0.00% | 402 | -99,500 | -99.60% | $40,570.00 |
| 16 | HEICO Corporation Class A | HEI-A | Industrials | 0.00% | 122 | - | - | $30,999.00 |
| 17 | APi Group Corporation | APG | Industrials | 0.00% | 877 | +292 | +49.91% | $30,142.00 |
| 18 | AMETEK Inc | AME | Industrials | 0.00% | 152 | - | - | $28,576.00 |
| 19 | Brown & Brown Inc | BRO | Financial Services | 0.00% | 259 | - | - | $24,292.00 |
| 20 | Ferguson Enterprises Inc. | FERG | Industrials | 0.00% | 103 | - | - | $23,132.00 |
| 21 | Watsco Inc | WSO | Industrials | 0.00% | 45 | - | - | $18,194.00 |
| 22 | Moody`s Corporation | MCO | Financial Services | 0.00% | 34 | - | - | $16,200.00 |
| 23 | Tyler Technologies, Inc. | TYL | Technology | 0.00% | 28 | - | - | $14,648.00 |
| 24 | Verisk Analytics Inc. | VRSK | Industrials | 0.00% | 58 | - | - | $14,588.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Technology | 45.30% | $491,063,243.00 |
| Healthcare | 17.10% | $185,381,564.00 |
| Consumer Cyclical | 14.28% | $154,733,696.00 |
| Financial Services | 13.09% | $141,870,191.00 |
| Real Estate | 9.54% | $103,458,797.00 |
| Industrials | 0.68% | $7,406,932.00 |
Portfolio insights
As of Sep 30, 2025, the Bares Capital Management portfolio holds 24 securities valued at $1,083,914,423.00. The Technology sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.