Bares Capital Management, Inc.

All Holdings — 2025 Q3

AI Portfolio Summary
In 2025 Q3, Bares Capital Management, Inc. maintained a portfolio of 24 distinct positions. The most significant new addition to the portfolio was Globus Medical Inc C, which now represents 2.75% of the total fund value. They heavily accumulated shares in Workday Inc., increasing their position by 11.4%. Conversely, Bares Capital Management, Inc. completely exited their position in StoneX Group Inc.
PCA Score Concentration Risk
Risk ENB
Total Positions
24
Quarter
2025 Q3
Top Holding
PEGA (17.9%)
Top 10 Concentration
96.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-24 of 24
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
PEGA
Pegasystems Inc
Technology 17.93% 18.62% #1
Prev: #1
6.5 -162,371 -4.6%
P
S
3,380,345 $194,369,838 2019 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
XYZ
Block Inc
Technology 13.28% 14.17% #2 1
Prev: #3
6.0 -157,116 -7.3%
P
S
1,991,847 $143,950,783 2018 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
WDAY
Workday Inc.
Technology 13.19% 12.41% #3 1
Prev: #4
7.0 60,920 11.4%
P
S
593,755 $142,934,641 2018 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
IBKR
Interactive Bro...
Financial Services 13.08% 16.20% #4 2
Prev: #2
4.5 -950,511 -31.6%
P
S
2,060,589 $141,789,129 2015 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
CSGP
CoStar Group
Real Estate 9.54% 9.48% #5
Prev: #5
4.8 11,599 1.0%
P
S
1,226,251 $103,458,797 2016 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
ETSY
Etsy Inc
Consumer Cyclical 8.73% 6.98% #6 1
Prev: #7
4.0 -7,646 -0.5%
P
S
1,425,825 $94,660,522 2021 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
ALGN
Align Technolog...
Healthcare 7.04% 9.42% #7 1
Prev: #6
4.8 97,378 19.0%
P
S
609,722 $76,349,389 2018 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
W
Wayfair Inc
Consumer Cyclical 5.54% 3.65% #8 1
Prev: #9
2.7 -63,526 -8.6%
P
S
672,486 $60,073,174 2019 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
MEDP
Medpace Holding...
Healthcare 5.29% 4.79% #9 1
Prev: #8
2.1 -45,577 -29.0%
P
S
111,507 $57,332,439 2025 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
GMED
Globus Medical ...
Healthcare 2.75% #10
Prev: #—
4.6 521,129 no change
NEW
521,129 $29,845,058 2025 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
VEEV
Veeva Systems I...
Healthcare 2.02% 2.61% #11 1
Prev: #10
0.8 -20,001 -21.4%
P
S
73,360 $21,854,678 2024 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
ONTO
Onto Innovation...
Technology 0.90% #12
Prev: #—
3.9 75,450 no change
NEW
75,450 $9,749,649 2021 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
MIDD
Middleby Corp
Industrials 0.67% 0.76% #13 1
Prev: #12
1.3 no change no change
P
S
54,625 $7,261,301 2010 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
APH
Amphenol Corpor...
Technology 0.00% 0.00% #14 1
Prev: #13
1.0 no change no change
P
S
353 $43,684 2025 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
SNEX
StoneX Group In...
Financial Services 0.00% 0.88% #15 4
Prev: #11
0.0 -99,500 -99.6%
P
S
402 $40,570 2022 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
HEI/A
HEICO Corporati...
Industrials 0.00% 0.00% #16 2
Prev: #14
1.0 no change no change
P
S
122 $30,999 2010 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
APG
APi Group Corpo...
Industrials 0.00% 0.00% #17 2
Prev: #15
2.5 292 49.9%
P
S
877 $30,142 2025 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
AME
AMETEK Inc
Industrials 0.00% 0.00% #18 1
Prev: #17
1.0 no change no change
P
S
152 $28,576 2025 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
BRO
Brown & Brown I...
Financial Services 0.00% 0.00% #19 3
Prev: #16
1.0 no change no change
P
S
259 $24,292 2025 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
FERG
Ferguson Enterp...
Industrials 0.00% 0.00% #20 2
Prev: #18
1.0 no change no change
P
S
103 $23,132 2025 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
WSO
Watsco Inc
Industrials 0.00% 0.00% #21 2
Prev: #19
1.0 no change no change
P
S
45 $18,194 2025 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
MCO
Moody`s Corpora...
Financial Services 0.00% 0.00% #22 1
Prev: #21
1.0 no change no change
P
S
34 $16,200 2015 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
TYL
Tyler Technolog...
Technology 0.00% 0.00% #23 1
Prev: #22
1.0 no change no change
P
S
28 $14,648 2018 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
VRSK
Verisk Analytic...
Industrials 0.00% 0.00% #24 4
Prev: #20
1.0 no change no change
P
S
58 $14,588 2015 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
Showing 1-24 of 24 holdings

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