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 |
|---|---|---|---|
Q2 2025Jun 30, 2025 | IBKR Interactive Brokers Group, Inc. | Buy | +2,166,563+256.5% |
Q2 2025Jun 30, 2025 | PEGA Pegasystems Inc. | Buy | +1,536,726+76.6% |
Q2 2025Jun 30, 2025 | MEDP Medpace Holdings, Inc. | Buy | +119,608+319.2% |
Q2 2025Jun 30, 2025 | CSGP CoStar Group, Inc. | Buy | +81,650+7.2% |
Q2 2025Jun 30, 2025 | MIDD The Middleby Corporation | Buy - Position Entry | +54,625 |
Q2 2025Jun 30, 2025 | APG APi Group Corporation | Buy - Position Entry | +585 |
Q2 2025Jun 30, 2025 | FERG Ferguson Enterprises Inc. | Buy - Position Entry | +103 |
Q2 2025Jun 30, 2025 | BRO Brown & Brown, Inc. | Buy | +46+21.6% |
Q2 2025Jun 30, 2025 | WSO Watsco, Inc. | Buy | +12+36.4% |
Q2 2025Jun 30, 2025 | KAI Kadant Inc | Sell - Position Exit | -60-100.0% |
Q2 2025Jun 30, 2025 | DHR Danaher Corporation | Sell - Position Exit | -68-100.0% |
Q2 2025Jun 30, 2025 | SNEX StoneX Group Inc. | Sell | -10,000-9.1% |
Q2 2025Jun 30, 2025 | VEEV Veeva Systems Inc. | Sell | -11,000-10.5% |
Q2 2025Jun 30, 2025 | ALGN Align Technology, Inc. | Sell | -25,262-4.7% |
Q2 2025Jun 30, 2025 | WDAY Workday, Inc. | Sell | -37,998-6.7% |
Q2 2025Jun 30, 2025 | W Wayfair Inc. | Sell | -59,049-7.4% |
Q2 2025Jun 30, 2025 | ETSY Etsy, Inc. | Sell | -75,530-5.0% |
Q2 2025Jun 30, 2025 | SQ Block, Inc. | Sell | -119,142-5.3% |
Q1 2025Mar 31, 2025 | CSGP CoStar Group, Inc. | Buy | +483,797+74.5% |
Q1 2025Mar 31, 2025 | SNEX StoneX Group Inc. | Buy - Position Entry | +109,902 |
Q1 2025Mar 31, 2025 | MEDP Medpace Holdings, Inc. | Buy - Position Entry | +37,476 |
Q1 2025Mar 31, 2025 | ALGN Align Technology, Inc. | Buy | +24,481+4.8% |
Q1 2025Mar 31, 2025 | APH Amphenol Corporation | Buy - Position Entry | +353 |
Q1 2025Mar 31, 2025 | BRO Brown & Brown, Inc. | Buy - Position Entry | +213 |
Q1 2025Mar 31, 2025 | AME AMETEK, Inc. | Buy - Position Entry | +152 |
Q1 2025Mar 31, 2025 | HEI-A Heico Corporation | Buy - Position Entry | +122 |
Q1 2025Mar 31, 2025 | DHR Danaher Corporation | Buy - Position Entry | +68 |
Q1 2025Mar 31, 2025 | KAI Kadant Inc | Buy - Position Entry | +60 |
Q1 2025Mar 31, 2025 | VRSK Verisk Analytics, Inc. | Buy - Position Entry | +58 |
Q1 2025Mar 31, 2025 | MCO Moody's Corporation | Buy - Position Entry | +34 |