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 |
|---|---|---|---|
Q4 2024Dec 31, 2024 | SQ Block, Inc. | Sell | -364,618-12.3% |
Q3 2024Sep 30, 2024 | IIIV i3 Verticals, Inc. | Buy - Position Entry | +15,655 |
Q3 2024Sep 30, 2024 | PZZA Papa John's International, Inc. | Buy - Position Entry | +6,747 |
Q3 2024Sep 30, 2024 | VEEV Veeva Systems Inc. | Buy | +5,231+4.5% |
Q3 2024Sep 30, 2024 | TWLO Twilio Inc. | Sell | -2,000-0.9% |
Q3 2024Sep 30, 2024 | ONTO Onto Innovation Inc. | Sell - Position Exit | -40,000-100.0% |
Q3 2024Sep 30, 2024 | SNEX StoneX Group Inc. | Sell - Position Exit | -142,500-100.0% |
Q3 2024Sep 30, 2024 | AGYS Agilysys, Inc. | Sell - Position Exit | -160,000-100.0% |
Q3 2024Sep 30, 2024 | G2143T103 Cimpress | Sell | -171,000-97.1% |
Q3 2024Sep 30, 2024 | TFIN Triumph Financial, Inc. | Sell | -251,476-98.1% |
Q3 2024Sep 30, 2024 | ALGN Align Technology, Inc. | Sell | -265,305-34.4% |
Q3 2024Sep 30, 2024 | IRMD iRadimed Corporation | Sell - Position Exit | -283,600-100.0% |
Q3 2024Sep 30, 2024 | EVTC Evertec, Inc. | Sell - Position Exit | -285,000-100.0% |
Q3 2024Sep 30, 2024 | W Wayfair Inc. | Sell | -422,060-30.0% |
Q3 2024Sep 30, 2024 | FC Franklin Covey Company | Sell | -454,600-97.4% |
Q3 2024Sep 30, 2024 | WDAY Workday, Inc. | Sell | -503,543-43.6% |
Q3 2024Sep 30, 2024 | PD PagerDuty, Inc. | Sell | -505,577-97.4% |
Q3 2024Sep 30, 2024 | ALRM Alarm.com Holdings, Inc. | Sell | -560,913-97.7% |
Q3 2024Sep 30, 2024 | SSTI SoundThinking, Inc. | Sell - Position Exit | -595,466-100.0% |
Q3 2024Sep 30, 2024 | ESI Element Solutions Inc. | Sell | -625,000-97.4% |
Q3 2024Sep 30, 2024 | XPEL XPEL, Inc. | Sell | -661,012-97.8% |
Q3 2024Sep 30, 2024 | CSGP CoStar Group, Inc. | Sell | -734,368-53.1% |
Q3 2024Sep 30, 2024 | ATRO Astronics Corporation | Sell | -879,500-97.3% |
Q3 2024Sep 30, 2024 | SQ Block, Inc. | Sell | -1,013,045-25.5% |
Q3 2024Sep 30, 2024 | IBKR Interactive Brokers Group, Inc. | Sell | -1,416,141-55.9% |
Q3 2024Sep 30, 2024 | UPWK Upwork Inc. | Sell - Position Exit | -1,425,000-100.0% |
Q3 2024Sep 30, 2024 | ETSY Etsy, Inc. | Sell | -1,911,762-49.9% |
Q3 2024Sep 30, 2024 | ZUO Zuora, Inc. | Sell - Position Exit | -1,940,000-100.0% |
Q3 2024Sep 30, 2024 | PEGA Pegasystems Inc. | Sell | -2,792,514-51.3% |
Q3 2024Sep 30, 2024 | WOW WideOpenWest, Inc. | Sell | -3,157,141-97.5% |