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 |
|---|---|---|---|
Q1 2025Mar 31, 2025 | WSO Watsco, Inc. | Buy - Position Entry | +33 |
Q1 2025Mar 31, 2025 | TYL Tyler Technologies, Inc. | Buy - Position Entry | +28 |
Q1 2025Mar 31, 2025 | VEEV Veeva Systems Inc. | Sell | -25,869-19.9% |
Q1 2025Mar 31, 2025 | WDAY Workday, Inc. | Sell | -52,752-8.5% |
Q1 2025Mar 31, 2025 | IBKR Interactive Brokers Group, Inc. | Sell | -107,110-11.3% |
Q1 2025Mar 31, 2025 | TWLO Twilio Inc. | Sell - Position Exit | -159,045-100.0% |
Q1 2025Mar 31, 2025 | W Wayfair Inc. | Sell | -173,288-17.9% |
Q1 2025Mar 31, 2025 | SQ Block, Inc. | Sell | -320,511-12.4% |
Q1 2025Mar 31, 2025 | PEGA Pegasystems Inc. | Sell | -358,959-15.2% |
Q1 2025Mar 31, 2025 | ETSY Etsy, Inc. | Sell | -382,644-20.2% |
Q4 2024Dec 31, 2024 | VEEV Veeva Systems Inc. | Buy | +8,400+6.9% |
Q4 2024Dec 31, 2024 | ALGN Align Technology, Inc. | Buy | +7,237+1.4% |
Q4 2024Dec 31, 2024 | CSGP CoStar Group, Inc. | Buy | +738+0.1% |
Q4 2024Dec 31, 2024 | TFIN Triumph Financial, Inc. | Sell - Position Exit | -4,759-100.0% |
Q4 2024Dec 31, 2024 | G2143T103 Cimpress | Sell - Position Exit | -5,031-100.0% |
Q4 2024Dec 31, 2024 | PZZA Papa John's International, Inc. | Sell - Position Exit | -6,747-100.0% |
Q4 2024Dec 31, 2024 | FC Franklin Covey Company | Sell - Position Exit | -12,061-100.0% |
Q4 2024Dec 31, 2024 | ALRM Alarm.com Holdings, Inc. | Sell - Position Exit | -12,998-100.0% |
Q4 2024Dec 31, 2024 | PD PagerDuty, Inc. | Sell - Position Exit | -13,709-100.0% |
Q4 2024Dec 31, 2024 | XPEL XPEL, Inc. | Sell - Position Exit | -15,070-100.0% |
Q4 2024Dec 31, 2024 | W Wayfair Inc. | Sell | -15,173-1.5% |
Q4 2024Dec 31, 2024 | IIIV i3 Verticals, Inc. | Sell - Position Exit | -15,655-100.0% |
Q4 2024Dec 31, 2024 | ESI Element Solutions Inc. | Sell - Position Exit | -16,389-100.0% |
Q4 2024Dec 31, 2024 | ATRO Astronics Corporation | Sell - Position Exit | -24,851-100.0% |
Q4 2024Dec 31, 2024 | WDAY Workday, Inc. | Sell | -28,547-4.4% |
Q4 2024Dec 31, 2024 | ETSY Etsy, Inc. | Sell | -30,474-1.6% |
Q4 2024Dec 31, 2024 | TWLO Twilio Inc. | Sell | -55,090-25.7% |
Q4 2024Dec 31, 2024 | WOW WideOpenWest, Inc. | Sell - Position Exit | -80,729-100.0% |
Q4 2024Dec 31, 2024 | IBKR Interactive Brokers Group, Inc. | Sell | -164,877-14.8% |
Q4 2024Dec 31, 2024 | PEGA Pegasystems Inc. | Sell | -290,403-10.9% |