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 2024Mar 31, 2024 | TDUP ThredUp Inc. | Buy | +362,221+11.4% |
Q1 2024Mar 31, 2024 | IBKR Interactive Brokers Group, Inc. | Buy | +264,543+10.4% |
Q1 2024Mar 31, 2024 | ALGN Align Technology, Inc. | Buy | +252,220+44.4% |
Q1 2024Mar 31, 2024 | VEEV Veeva Systems Inc. | Buy - Position Entry | +108,504 |
Q1 2024Mar 31, 2024 | ATRO Astronics Corporation | Buy | +84,659+10.4% |
Q1 2024Mar 31, 2024 | SSTI SoundThinking, Inc. | Buy | +36,187+4.9% |
Q1 2024Mar 31, 2024 | FC Franklin Covey Company | Buy | +3,570+0.8% |
Q1 2024Mar 31, 2024 | IRMD iRadimed Corporation | Buy | +2,000+0.7% |
Q1 2024Mar 31, 2024 | ESI Element Solutions Inc. | Sell | -1,383-0.2% |
Q1 2024Mar 31, 2024 | EVTC Evertec, Inc. | Sell | -17,551-5.2% |
Q1 2024Mar 31, 2024 | AGYS Agilysys, Inc. | Sell | -30,000-14.3% |
Q1 2024Mar 31, 2024 | ONTO Onto Innovation Inc. | Sell | -33,000-29.5% |
Q1 2024Mar 31, 2024 | G2143T103 Cimpress | Sell | -35,592-13.7% |
Q1 2024Mar 31, 2024 | SNEX StoneX Group Inc. | Sell | -52,500-31.8% |
Q1 2024Mar 31, 2024 | UPWK Upwork Inc. | Sell | -60,000-5.3% |
Q1 2024Mar 31, 2024 | PD PagerDuty, Inc. | Sell | -65,684-11.2% |
Q1 2024Mar 31, 2024 | ALRM Alarm.com Holdings, Inc. | Sell | -71,223-10.7% |
Q1 2024Mar 31, 2024 | TWLO Twilio Inc. | Sell | -170,000-39.7% |
Q1 2024Mar 31, 2024 | GWRE Guidewire Software, Inc. | Sell - Position Exit | -184,664-100.0% |
Q1 2024Mar 31, 2024 | ETSY Etsy, Inc. | Sell | -222,121-5.4% |
Q1 2024Mar 31, 2024 | WDAY Workday, Inc. | Sell | -223,511-16.6% |
Q1 2024Mar 31, 2024 | PEGA Pegasystems Inc. | Sell | -285,520-4.9% |
Q1 2024Mar 31, 2024 | W Wayfair Inc. | Sell | -388,825-17.5% |
Q1 2024Mar 31, 2024 | CSGP CoStar Group, Inc. | Sell | -396,460-20.1% |
Q1 2024Mar 31, 2024 | SQ Block, Inc. | Sell | -501,772-11.2% |
Q4 2023Dec 31, 2023 | ZUO Zuora, Inc. | Buy | +435,000+54.4% |
Q4 2023Dec 31, 2023 | WOW WideOpenWest, Inc. | Buy | +332,224+14.5% |
Q4 2023Dec 31, 2023 | TDUP ThredUp Inc. | Buy | +186,579+6.2% |
Q4 2023Dec 31, 2023 | ALGN Align Technology, Inc. | Buy | +104,799+22.6% |
Q4 2023Dec 31, 2023 | TWLO Twilio Inc. | Buy | +95,258+28.6% |