Bares Capital Management, Inc.
13F Reported Value
ⓘ$1.1B
Holdings
24
Latest Filing
2025-09-30
Filing Quarter
Q3 2025
Portfolio Overview
Bares Capital Management, Inc. disclosed 24 positions worth $1.1B in its Form 13F-HR for Q3 2025, led by $PEGA (PEGASYSTEMS INC) at 17.9% of the equity portfolio, followed by $XYZ and $WDAY. During the quarter the fund opened 2 new positions and exited 0 — including a new stake in $GMED. The portfolio is most concentrated in Technology (47.3% of disclosed assets). All figures are sourced directly from Bares Capital Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1340807.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q3 2025
Click any card to unlockTop Holdings
- 69.6#357
Quality
$194.4M3,380,345 sh - 60.3#863
Quality
$144.0M1,991,847 sh - 74.2#165
Quality
$142.9M593,755 sh - 75.5
Quality
$141.8M2,060,589 sh - 49.5
Quality
$103.5M1,226,251 sh - 50.4
Quality
$94.7M1,425,825 sh - 58.2
Quality
$76.3M609,722 sh - 40.5
Quality
$60.1M672,486 sh - 77.4
Quality
$57.3M111,507 sh - 77.6
Quality
$29.8M521,129 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 PEGASYSTEMS INC$PEGA | 69.6#357 | $194.4M | 3,380,345 |
 Block, Inc.$XYZ | 60.3#863 | $144.0M | 1,991,847 |
 Workday, Inc.$WDAY | 74.2#165 | $142.9M | 593,755 |
 Interactive Brokers Group, Inc.$IBKR | 75.5 | $141.8M | 2,060,589 |
 COSTAR GROUP, INC.$CSGP | 49.5 | $103.5M | 1,226,251 |
 ETSY INC$ETSY | 50.4 | $94.7M | 1,425,825 |
 ALIGN TECHNOLOGY INC$ALGN | 58.2 | $76.3M | 609,722 |
 Wayfair Inc.$W | 40.5 | $60.1M | 672,486 |
 Medpace Holdings, Inc.$MEDP | 77.4 | $57.3M | 111,507 |
 GLOBUS MEDICAL INC$GMED | 77.6 | $29.8M | 521,129 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Bares Capital Management, Inc.'s 24 positions.
Showing top 10 of 24 holdings.
Sector Allocation
Technology
$513.0M
Industrials
$205.4M
Healthcare
$163.5M
Financials
$141.9M
Consumer Discretionary
$60.1M
Full Holdings — Bares Capital Management, Inc. (Q3 2025)
All 24 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $PEGA | PEGASYSTEMS INC | $194.4M | 17.9% | -5% | 69.6 |
| 2 | $XYZ | Block, Inc. | $144.0M | 13.3% | -7% | 60.3 |
| 3 | $WDAY | Workday, Inc. | $142.9M | 13.2% | +11% | 74.2 |
| 4 | $IBKR | Interactive Brokers Group, Inc. | $141.8M | 13.1% | -32% | 75.5 |
| 5 | $CSGP | COSTAR GROUP, INC. | $103.5M | 9.5% | +1% | 49.5 |
| 6 | $ETSY | ETSY INC | $94.7M | 8.7% | -1% | 50.4 |
| 7 | $ALGN | ALIGN TECHNOLOGY INC | $76.3M | 7.0% | +19% | 58.2 |
| 8 | $W | Wayfair Inc. | $60.1M | 5.5% | -9% | 40.5 |
| 9 | $MEDP | Medpace Holdings, Inc. | $57.3M | 5.3% | -29% | 77.4 |
| 10 | $GMED | GLOBUS MEDICAL INC | $29.8M | 2.8% | NEW | 77.6 |
| 11 |  $VEEV | VEEVA SYSTEMS INC | $21.9M | 2.0% | -21% | 77.8 |
| 12 |  $ONTO | ONTO INNOVATION INC. | $9.7M | 0.9% | NEW | 66.5 |
| 13 |  $MIDD | MIDDLEBY Corp | $7.3M | 0.7% | +0% | 44.9 |
| 14 |  $APH | AMPHENOL CORP /DE/ | $43,684 | 0.0% | +0% | 80.5 |
| 15 |  $SNEX | StoneX Group Inc. | $40,570 | 0.0% | -100% | 60.3 |
| 16 |  $HEI.A | HEICO CORP | $30,999 | 0.0% | +0% | 79.2 |
| 17 |  $APG | APi Group Corp | $30,142 | 0.0% | +50% | 61.3 |
| 18 |  $AME | AMETEK INC/ | $28,576 | 0.0% | +0% | 74.2 |
| 19 |  $BRO | BROWN & BROWN, INC. | $24,292 | 0.0% | +0% | 75.1 |
| 20 |  $FERG | Ferguson Enterprises Inc. /DE/ | $23,132 | 0.0% | +0% | 58.9 |
| 21 |  $WSO | WATSCO INC | $18,194 | 0.0% | +0% | 58.9 |
| 22 |  $MCO | MOODYS CORP /DE/ | $16,200 | 0.0% | +0% | 81.3 |
| 23 |  $TYL | TYLER TECHNOLOGIES INC | $14,648 | 0.0% | +0% | 69.3 |
| 24 |  $VRSK | Verisk Analytics, Inc. | $14,588 | 0.0% | +0% | 77.3 |
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