Bares Capital Management
Long / Short- Manager
- Bares Capital Management
- Quarter
- Q3 2025
- Filed
- 2025-11-14
- 13F value
- $1.08B
- Positions
- 24
- CIK
- 0001340807
StaleLatest 13F is 3 quarters old — this filer may be inactive or wound down. Figures reflect Q3 2025 and are excluded from the Market Overview.
Weights are % of 13F book — no reported capital figure for this filer.i
| # | # Shares | Source | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Pegasystems IncPEGAHISTORY | 17.93% | (4.6%) | $194.4M | 3,380,345 | (162,371) | 2.06% | 13F |
| 2 | Block IncXYZHISTORY | 13.28% | (7.3%) | $144.0M | 1,991,847 | (157,116) | 0.33% | 13F |
| 3 | Workday Inc.WDAYHISTORY | 13.19% | +11.4% | $142.9M | 593,755 | +60,920 | 0.27% | 13F |
| 4 | Interactive Brokers Group IncIBKRHISTORY | 13.08% | (31.6%) | $141.8M | 2,060,589 | (950,511) | 4.88% | 13F |
| 5 | CoStar GroupCSGPHISTORY | 9.54% | +1.0% | $103.5M | 1,226,251 | +11,599 | 0.30% | 13F |
| 6 | Etsy IncETSYHISTORY | 8.73% | (0.5%) | $94.7M | 1,425,825 | (7,646) | 1.55% | 13F |
| 7 | Align Technology Inc.ALGNHISTORY | 7.04% | +19.0% | $76.3M | 609,722 | +97,378 | 0.86% | 13F |
| 8 | Wayfair IncWHISTORY | 5.54% | (8.6%) | $60.1M | 672,486 | (63,526) | 0.51% | 13F |
| 9 | Medpace Holdings, Inc.MEDPHISTORY | 5.29% | (29.0%) | $57.3M | 111,507 | (45,577) | 0.40% | 13F |
| 10 | Globus Medical Inc Class AGMEDHISTORY | 2.75% | NEW | $29.8M | 521,129 | +521,129 | 0.39% | 13F |
| 11 | Veeva Systems Inc.VEEVHISTORY | 2.02% | (21.4%) | $21.9M | 73,360 | (20,001) | 0.05% | 13F |
| 12 | Onto Innovation Inc.ONTOHISTORY | 0.90% | NEW | $9.7M | 75,450 | +75,450 | 0.15% | 13F |
| 13 | Middleby CorpMIDDHISTORY | 0.67% | — | $7.3M | 54,625 | — | 0.12% | 13F |
| 14 | Amphenol Corporation Class AAPHHISTORY | <0.01% | — | $<0.1M | 353 | — | 0.00% | 13F |
| 15 | StoneX Group IncSNEXHISTORY | <0.01% | (99.6%) | $<0.1M | 402 | (99,500) | 0.00% | 13F |
| 16 | HEICO Corporation Class AHEI-AHISTORY | <0.01% | — | $<0.1M | 122 | — | 0.00% | 13F |
| 17 | APi Group CorporationAPGHISTORY | <0.01% | +49.9% | $<0.1M | 877 | +292 | 0.00% | 13F |
| 18 | AMETEK IncAMEHISTORY | <0.01% | — | $<0.1M | 152 | — | 0.00% | 13F |
| 19 | Brown & Brown IncBROHISTORY | <0.01% | — | $<0.1M | 259 | — | 0.00% | 13F |
| 20 | Ferguson Enterprises Inc.FERGHISTORY | <0.01% | — | $<0.1M | 103 | — | 0.00% | 13F |
| 21 | Watsco IncWSOHISTORY | <0.01% | — | $<0.1M | 45 | — | 0.00% | 13F |
| 22 | Moody`s CorporationMCOHISTORY | <0.01% | — | $<0.1M | 34 | — | 0.00% | 13F |
| 23 | Tyler Technologies, Inc.TYLHISTORY | <0.01% | — | $<0.1M | 28 | — | 0.00% | 13F |
| 24 | Verisk Analytics Inc.VRSKHISTORY | <0.01% | — | $<0.1M | 58 | — | — | 13F |
Positions are from the latest 13F-HR (period end 2025-09-30). Weights are calculated: position value ÷ the 13F book. Schedule 13D/13G stakes are merged in when present (shares and percent of class, no dollar value). Chg Shares and % Chg compare with the adjacent prior quarter's 13F only. % Out is either calculated (position shares ÷ issuer shares outstanding from the issuer's XBRL cover page; weighted-average basic shares as a fallback) or reported (percent of class on a Schedule 13D/13G newer than the 13F period) — hover a value for its source and date. Unavailable figures show “—”, never an estimate. Methodology