Brian Bares – Bares Capital Management Portfolio Balances & Equity Value (Jun 30, 2025)

As of Jun 30, 2025, the Bares Capital Management portfolio balances reported a total equity value of $1.03B across 22 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Aug 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight Pegasystems Inc (PEGA) as the single largest position, accounting for 18.6% of total equity value, followed by Interactive Brokers Group Inc (IBKR), Block Inc (SQ), Workday Inc. (WDAY), and others. Collectively, the top five holdings represent 70.9% of the portfolio, showing how capital is distributed among core positions and long-term investments.