Market Value Trend ($B)
50 periods
Bares Capital Management
13F Holdings and Portfolio Analysis
Brian Bares 2025 Q3 13F holdings, quarterly changes, portfolio value trend and position weight distribution.
Bares Capital Management Overview
Bares Capital Management held 24 stocks in 2025 Q3, with total market value around $1.08B.
Bares Capital Management's top five holdings in 2025 Q3: PEGA(Pegasystems ...) 17.93%, XYZ(Block, Inc.) 13.28%, WDAY(WORKDAY INC ...) 13.19%, IBKR(INTERACTIVE ...) 13.08%, CSGP(COSTAR GROUP...) 9.54%.
- Portfolio Value
- $1.08B
- Current Holdings
- 24 stocks
- New / Increased
- 2 / 4
- Reduced / Exited
- 8 / 0
Current Holdings
| 1 | PEGAPegasystems ... | Other | 0.19 | 17.93% | 3.38 -4.58% | -0.16 | $57.50 | $36.17 -37.10% | $112.62 | 6.25 | -$0.26B-67.88% | Reduced |
| 2 | XYZBlock, Inc. | Common Stock | 0.14 | 13.28% | 1.99 -7.31% | -0.16 | $72.27 | $83.57 +15.64% | $35.88 | 7.50 | +$0.09B+132.90% | Reduced |
| 3 | WDAYWORKDAY INC ... | Common Stock | 0.14 | 13.19% | 0.59 +11.43% | +0.06 | $240.73 | $204.72 -14.96% | $159.26 | 7.50 | +$0.03B+28.54% | Increased |
| 4 | IBKRINTERACTIVE ... | Common Stock | 0.14 | 13.08% | 2.06 -31.57% | -0.95 | $68.81 | $95.84 +39.28% | $81.13 | 10.25 | +$0.03B+18.14% | Reduced |
| 5 | CSGPCOSTAR GROUP... | Common Stock | 0.10 | 9.54% | 1.23 +0.95% | +0.01 | $84.37 | $32.22 -61.81% | $51.21 | 9.50 | -$0.02B-37.08% | Increased |
| 6 | ETSYETSY INC | Other | 0.09 | 8.73% | 1.43 -0.53% | -0.01 | $66.39 | $83.59 +25.91% | $70.67 | 4.50 | +$0.02B+18.29% | Reduced |
| 7 | ALGNAlign Techno... | Other | 0.08 | 7.04% | 0.61 +19.01% | +0.10 | $125.22 | $157.58 +25.84% | $217.58 | 7.00 | -$0.04B-27.58% | Increased |
| 8 | WWayfair Inc | Other | 0.06 | 5.54% | 0.67 -8.63% | -0.06 | $89.33 | $103.76 +16.15% | $96.14 | 6.75 | +$0.01B+7.92% | Reduced |
| 9 | MEDPMEDPACE HLDG... | Common Stock | 0.06 | 5.29% | 0.11 -29.01% | -0.05 | $514.16 | $600.65 +16.82% | $470.35 | 0.75 | +$0.01B+27.70% | Reduced |
| 10 | GMEDGlobus Medic... | Other | 0.03 | 2.75% | 0.52 | +0.52 | $57.27 | $82.97 +44.88% | $57.27 | 0.25 | +$0.01B+44.88% | New |
| 11 | VEEVVEEVA SYS IN... | Common Stock | 0.02 | 2.02% | 0.07 -21.42% | -0.02 | $297.91 | $276.69 -7.12% | $226.40 | 1.75 | +$0.00B+22.21% | Reduced |
| 12 | ONTOOnto Innovat... | Other | 0.01 | 0.90% | 0.08 | +0.08 | $129.22 | $270.79 +109.56% | $129.22 | 0.25 | +$0.01B+109.56% | New |
| 13 | MIDDMiddleby Cor... | Other | 0.01 | 0.67% | 0.05 - | 0.00 | $132.93 | $112.75 -15.18% | $144.00 | 0.50 | -$0.00B-21.70% | Held |
| 14 | APHAMPHENOL COR... | Common Stock | 0.00 | 0.00% | 0.00 - | 0.00 | $123.75 | $157.74 +27.47% | $65.59 | 0.75 | +$0.00B+140.50% | Held |
| 15 | SNEXStoneX Group... | Other | 0.00 | 0.00% | 0.00 -99.60% | -0.10 | $100.92 | $68.64 -31.99% | $76.38 | 0.75 | -$0.00B-10.13% | Reduced |
| 16 | HEI.AHEICO CORP N... | Common Stock | 0.00 | 0.00% | 0.00 - | 0.00 | $254.09 | $250.06 -1.59% | $210.97 | 0.75 | +$0.00B+18.53% | Held |
| 17 | APGAPi Group Co... | Common Stock | 0.00 | 0.00% | 0.00 +49.91% | +0.00 | $34.37 | $39.69 +15.48% | $34.03 | 0.50 | +$0.00B+16.62% | Increased |
| 18 | AMEAMETEK Inc | Other | 0.00 | 0.00% | 0.00 - | 0.00 | $188.00 | $236.25 +25.66% | $172.14 | 0.75 | +$0.00B+37.24% | Held |
| 19 | BROBrown & Brow... | Other | 0.00 | 0.00% | 0.00 - | 0.00 | $93.79 | $73.31 -21.84% | $122.00 | 0.75 | -$0.00B-39.91% | Held |
| 20 | FERGFERGUSON ENT... | Common Stock | 0.00 | 0.00% | 0.00 - | 0.00 | $224.58 | $228.49 +1.74% | $217.75 | 0.50 | +$0.00B+4.93% | Held |
| 21 | WSOWatsco Inc | Other | 0.00 | 0.00% | 0.00 - | 0.00 | $404.31 | $310.76 -23.14% | $490.52 | 0.75 | -$0.00B-36.65% | Held |
| 22 | MCOMoody's Corp... | Common Stock | 0.00 | 0.00% | 0.00 - | 0.00 | $476.47 | $514.95 +8.08% | $465.68 | 0.75 | +$0.00B+10.58% | Held |
| 23 | TYLTyler Techno... | Other | 0.00 | 0.00% | 0.00 - | 0.00 | $523.14 | $377.94 -27.76% | $581.39 | 0.75 | -$0.00B-34.99% | Held |
| 24 | VRSKVerisk Analy... | Common Stock | 0.00 | 0.00% | 0.00 - | 0.00 | $251.52 | $191.77 -23.75% | $297.62 | 0.75 | -$0.00B-35.57% | Held |
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"Holding Period (yrs)" is the latest uninterrupted holding duration, calculated by dividing continuous reported quarters by 4.
Cost basis is an estimate and can differ materially from the actual cost, especially in edge cases.
Cost basis estimate: from the latest uninterrupted holding period, new or increased shares are added to the cost pool at the report price; reductions remove shares at the then-average cost. Example: buy 100 shares at $10 in Q1 and add 50 shares at $16 in Q2, estimated cost basis is (100 x 10 + 50 x 16) / 150 = $12 per share.
Return shows estimated dollar return on top and percentage return below. It uses the previous close when available, otherwise report price.
Security Type identifies common stock, funds, ADRs, derivatives, and convertible securities. A convertible security CUSIP is not its issuer's common-stock ticker.
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