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 2023Dec 31, 2023 | ATRO Astronics Corporation | Buy | +92,574+12.8% |
Q4 2023Dec 31, 2023 | PEGA Pegasystems Inc. | Buy | +90,993+1.6% |
Q4 2023Dec 31, 2023 | SQ Block, Inc. | Buy | +87,826+2.0% |
Q4 2023Dec 31, 2023 | XPEL XPEL, Inc. | Buy | +83,311+13.0% |
Q4 2023Dec 31, 2023 | SSTI SoundThinking, Inc. | Buy | +71,705+10.7% |
Q4 2023Dec 31, 2023 | FC Franklin Covey Company | Buy | +45,290+11.0% |
Q4 2023Dec 31, 2023 | ETSY Etsy, Inc. | Buy | +36,623+0.9% |
Q4 2023Dec 31, 2023 | TFIN Triumph Financial, Inc. | Buy | +24,847+10.7% |
Q4 2023Dec 31, 2023 | SNEX StoneX Group Inc. | Buy | +6,000+3.8% |
Q4 2023Dec 31, 2023 | ESI Element Solutions Inc. | Sell | -2,357-0.3% |
Q4 2023Dec 31, 2023 | ALRM Alarm.com Holdings, Inc. | Sell | -2,685-0.4% |
Q4 2023Dec 31, 2023 | G2143T103 Cimpress | Sell | -16,908-6.1% |
Q4 2023Dec 31, 2023 | GWRE Guidewire Software, Inc. | Sell | -18,000-8.9% |
Q4 2023Dec 31, 2023 | IBKR Interactive Brokers Group, Inc. | Sell | -20,807-0.8% |
Q4 2023Dec 31, 2023 | W Wayfair Inc. | Sell | -35,879-1.6% |
Q4 2023Dec 31, 2023 | AGYS Agilysys, Inc. | Sell | -65,000-23.6% |
Q4 2023Dec 31, 2023 | PZZA Papa John's International, Inc. | Sell - Position Exit | -66,000-100.0% |
Q4 2023Dec 31, 2023 | CSGP CoStar Group, Inc. | Sell | -89,910-4.4% |
Q4 2023Dec 31, 2023 | PD PagerDuty, Inc. | Sell | -111,313-16.0% |
Q4 2023Dec 31, 2023 | M5425M103 InMode | Sell - Position Exit | -130,000-100.0% |
Q4 2023Dec 31, 2023 | HCAT Health Catalyst, Inc | Sell | -250,000-35.7% |
Q4 2023Dec 31, 2023 | WDAY Workday, Inc. | Sell | -291,075-17.8% |
Q4 2023Dec 31, 2023 | UPWK Upwork Inc. | Sell | -330,000-22.6% |
Q4 2023Dec 31, 2023 | OLO Olo Inc. | Sell - Position Exit | -1,654,863-100.0% |
Q4 2023Dec 31, 2023 | RDFN Redfin Corporation | Sell - Position Exit | -16,606,557-100.0% |
Q3 2023Sep 30, 2023 | ETSY Etsy, Inc. | Buy | +1,480,655+57.8% |
Q3 2023Sep 30, 2023 | WOW WideOpenWest, Inc. | Buy | +360,690+18.6% |
Q3 2023Sep 30, 2023 | PD PagerDuty, Inc. | Buy | +228,693+48.9% |
Q3 2023Sep 30, 2023 | TFIN Triumph Financial, Inc. | Buy | +152,222+192.3% |
Q3 2023Sep 30, 2023 | SSTI SoundThinking, Inc. | Buy | +74,521+12.6% |