Bares Capital Management, Inc.
Last filed Nov 14, 2025
Inactive · not filing 13F
$1.08B
24
-$64.3M
96.4%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q3 2025 | |||||
 PEGA | $194M | 17.93% | 1.98% | -4.6% | Q3 2019 |
 XYZ | $144M | 13.28% | Not reported | -7.3% | Q2 2018 |
 WDAY | $143M | 13.19% | 0.27% | +11.4% | Q2 2018 |
 IBKR | $142M | 13.08% | 0.81% | -31.6% | Q3 2015 |
 CSGP | $103M | 9.54% | 0.29% | +1.0% | Q2 2016 |
 ETSY | $94.7M | 8.73% | 1.45% | -0.5% | Q2 2021 |
 ALGN | $76.3M | 7.04% | 0.85% | +19.0% | Q4 2018 |
 W | $60.1M | 5.54% | Not reported | -8.6% | Q1 2019 |
 MEDP | $57.3M | 5.29% | 0.40% | -29.0% | Q1 2025 |
 GMED | $29.8M | 2.75% | 0.39% | New | Q3 2025 |
 VEEV | $21.9M | 2.02% | 0.04% | -21.4% | Q1 2024 |
 ONTO | $9.75M | 0.90% | 0.15% | Not reported | Q3 2021 |
 MIDD | $7.26M | 0.67% | 0.11% | Not reported | Q1 2013 |
 APH | $43.7K | 0.00% | 0.00% | Not reported | Q1 2025 |
 SNEX | $40.6K | 0.00% | 0.00% | -99.6% | Q3 2022 |
 HEI.A | $31K | 0.00% | Not reported | Not reported | Q1 2013 |
 APG | $30.1K | 0.00% | 0.00% | -0.1% | Q2 2025 |
 AME | $28.6K | 0.00% | 0.00% | Not reported | Q1 2025 |
 BRO | $24.3K | 0.00% | 0.00% | Not reported | Q1 2025 |
 FERG | $23.1K | 0.00% | 0.00% | Not reported | Q2 2025 |
 WSO | $18.2K | 0.00% | Not reported | Not reported | Q1 2025 |
 MCO | $16.2K | 0.00% | 0.00% | Not reported | Q4 2015 |
 TYL | $14.6K | 0.00% | 0.00% | Not reported | Q2 2018 |
 VRSK | $14.6K | 0.00% | 0.00% | Not reported | Q2 2015 |
| Q2 2025 | |||||
| PEGA | $192M | 18.62% | 2.07% | -11.7% | Q3 2019 |
| IBKR | $167M | 16.20% | 1.18% | -10.9% | Q3 2015 |
| XYZ | $146M | 14.17% | Not reported | -5.3% | Q2 2018 |
| WDAY | $128M | 12.41% | 0.24% | -6.7% | Q2 2018 |
| CSGP | $97.7M | 9.48% | 0.29% | +7.2% | Q2 2016 |
| ALGN | $97M | 9.42% | 0.71% | -4.7% | Q4 2018 |
| ETSY | $71.9M | 6.98% | 1.44% | -5.0% | Q2 2021 |
| MEDP | $49.3M | 4.79% | 0.56% | +319.2% | Q1 2025 |
| W | $37.6M | 3.65% | Not reported | -7.4% | Q1 2019 |
| VEEV | $26.9M | 2.61% | 0.06% | -10.5% | Q1 2024 |
| SNEX | $9.11M | 0.88% | 0.20% | -9.1% | Q3 2022 |
| MIDD | $7.87M | 0.76% | 0.10% | Not reported | Q1 2013 |
| APH | $34.9K | 0.00% | 0.00% | Not reported | Q1 2025 |
| HEI.A | $31.6K | 0.00% | Not reported | Not reported | Q1 2013 |
| APG | $29.9K | 0.00% | 0.00% | New | Q2 2025 |
| BRO | $28.7K | 0.00% | 0.00% | +21.6% | Q1 2025 |
| AME | $27.5K | 0.00% | 0.00% | Not reported | Q1 2025 |
| FERG | $22.4K | 0.00% | 0.00% | New | Q2 2025 |
| WSO | $19.9K | 0.00% | Not reported | +36.4% | Q1 2025 |
| VRSK | $18.1K | 0.00% | 0.00% | Not reported | Q2 2015 |
| MCO | $17.1K | 0.00% | 0.00% | Not reported | Q4 2015 |
| TYL | $16.6K | 0.00% | 0.00% | Not reported | Q2 2018 |
| Q1 2025 | |||||
| IBKR | $140M | 16.42% | 1.32% | -11.3% | Q3 2015 |
| PEGA | $139M | 16.37% | 2.34% | -15.2% | Q3 2019 |
| WDAY | $133M | 15.65% | 0.26% | -8.5% | Q2 2018 |
| XYZ | $123M | 14.47% | Not reported | -12.4% | Q2 2018 |
| CSGP | $89.8M | 10.54% | 0.28% | +74.5% | Q2 2016 |
| ALGN | $85.4M | 10.03% | 0.74% | +4.8% | Q4 2018 |
| ETSY | $71.2M | 8.36% | 1.44% | -20.2% | Q2 2021 |
| W | $25.5M | 2.99% | Not reported | -17.9% | Q1 2019 |
| VEEV | $24.2M | 2.84% | 0.06% | -19.9% | Q1 2024 |
| MEDP | $11.4M | 1.34% | 0.13% | New | Q1 2025 |
| SNEX | $8.39M | 0.99% | 0.23% | Not reported | Q3 2022 |
| BRO | $26.5K | 0.00% | 0.00% | New | Q1 2025 |
| AME | $26.2K | 0.00% | 0.00% | New | Q1 2025 |
| HEI.A | $25.7K | 0.00% | Not reported | Not reported | Q1 2013 |
| APH | $23.2K | 0.00% | 0.00% | New | Q1 2025 |
 KAI | $20.2K | 0.00% | 0.00% | New | Q1 2025 |
| VRSK | $17.3K | 0.00% | 0.00% | Not reported | Q2 2015 |
| WSO | $16.8K | 0.00% | Not reported | New | Q1 2025 |
| TYL | $16.3K | 0.00% | 0.00% | Not reported | Q2 2018 |
| MCO | $15.8K | 0.00% | 0.00% | Not reported | Q4 2015 |
 DHR | $13.9K | 0.00% | 0.00% | New | Q1 2025 |
| Q4 2024 | |||||
| PEGA | $220M | 19.84% | 1.37% | -10.9% | Q3 2019 |
| XYZ | $220M | 19.80% | Not reported | -12.4% | Q2 2018 |
| IBKR | $168M | 15.13% | 1.49% | -14.8% | Q3 2015 |
| WDAY | $161M | 14.48% | 0.28% | -4.4% | Q2 2018 |
| ALGN | $107M | 9.63% | 0.69% | +1.4% | Q4 2018 |
| ETSY | $100M | 9.01% | 1.74% | -1.6% | Q2 2021 |
| CSGP | $46.5M | 4.18% | 0.16% | +0.1% | Q2 2016 |
| W | $42.9M | 3.86% | Not reported | -1.5% | Q1 2019 |
| VEEV | $27.4M | 2.46% | 0.08% | +6.9% | Q1 2024 |
 TWLO | $17.2M | 1.55% | 0.10% | -25.7% | Q2 2017 |