Latest Bares Capital Management, Inc. Stock Portfolio

$1.08Billion | No. of Holdings #24

Bares Capital Management, Inc. Performance

2025 Q3+10.76%

YTD-3.94%

2024+12.77%

About Bares Capital Management, Inc. and 13F Hedge Fund Stock Holdings

On 2025-11-14, the fund reported it's updated stock portfolio. In the 13F Holdings report, Bares Capital Management, Inc. reported an equity portfolio of $1.1 Billions as of 30 Sep, 2025. <br><br> The top stock holdings of Bares Capital Management, Inc. are PEGA, SQ, WDAY. The fund has invested 17.9% of it's portfolio in PEGASYSTEMS INC and 13.3% of portfolio in BLOCK INC. <br><br> They significantly reduced their stock positions in STONEX GROUP INC (SNEX), INTERACTIVE BROKERS GROUP INC (IBKR) and MEDPACE HOLDINGS, INC. (MEDP). Bares Capital Management, Inc. opened new stock positions in GLOBUS MEDICAL INC CLASS A (GMED) and ONTO INNOVATION INC. (ONTO). The fund showed a lot of confidence in some stocks as they added substantially to API GROUP CORPORATION (APG), ALIGN TECHNOLOGY INC. (ALGN) and WORKDAY INC. (WDAY).

Bares Capital Management, Inc. Equity Portfolio Value

Last Reported on: 14 Nov, 2025

$1.08Billion

as of Nov 14, 2025

Bares Capital Management, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Bares Capital Management, Inc. made a return of 10.76% in the last quarter. In trailing 12 months, it's portfolio return was 6.88%.

Performance
S&P 500

New Buys

Ticker	$ Bought
globus medical inc class a	29,845,100
onto innovation inc.	9,749,650

New stocks bought by Bares Capital Management, Inc.

Additions

Ticker	% Inc.
api group corporation	49.91
align technology inc.	19.01
workday inc.	11.43
costar group	0.95

Additions to existing portfolio by Bares Capital Management, Inc.

Reductions

Ticker	% Reduced
stonex group inc	-99.6
interactive brokers group inc	-31.57
medpace holdings, inc.	-29.01
veeva systems inc.	-21.42
wayfair inc	-8.63
block inc	-7.31
pegasystems inc	-4.58
etsy inc	-0.53

Bares Capital Management, Inc. reduced stake in above stock

Sold off

None of the stocks were completely sold off by Bares Capital Management, Inc.

Sector Distribution

Bares Capital Management, Inc. has about 45.3% of it's holdings in Technology sector.

Technology
Healthcare
Consumer Cyclical
Financial Services
Real Estate

Sector	%
Technology	45.3
Healthcare	17.1
Consumer Cyclical	14.3
Financial Services	13.1
Real Estate	9.5

Market Cap. Distribution

Bares Capital Management, Inc. has about 63.5% of it's portfolio invested in the large-cap and mega-cap stocks.

LARGE-CAP
MID-CAP

Category	%
LARGE-CAP	63.5
MID-CAP	36.5

Stocks belong to which Index?

About 25.3% of the stocks held by Bares Capital Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500

Index	%
Others	73.8
S&P 500	25.3

Top 5 Winners (%)		%
W	wayfair inc	74.7 %
MEDP	medpace holdings, inc.	63.8 %
ETSY	etsy inc	32.4 %
APH	amphenol corporation class a	25.3 %
IBKR	interactive brokers group inc	24.2 %

Top 5 Winners ($)		$
IBKR	interactive brokers group inc	40.3 M
MEDP	medpace holdings, inc.	31.5 M
W	wayfair inc	28.1 M
ETSY	etsy inc	23.3 M
PEGA	pegasystems inc	11.9 M

Top 5 Losers (%)		%
ALGN	align technology inc.	-30.1 %
APG	api group corporation	-24.5 %
VRSK	verisk analytics inc.	-19.3 %
BRO	brown & brown inc	-15.4 %
TYL	tyler technologies, inc.	-11.8 %

Top 5 Losers ($)		$
ALGN	align technology inc.	-32.8 M
MIDD	middleby corp	-0.6 M
APG	api group corporation	0.0 M
BRO	brown & brown inc	0.0 M
VRSK	verisk analytics inc.	0.0 M

Bares Capital Management, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Bares Capital Management, Inc.

Bares Capital Management, Inc. has 24 stocks in it's portfolio. About 96.4% of the portfolio is in top 10 stocks. ALGN proved to be the most loss making stock for the portfolio. IBKR was the most profitable stock for Bares Capital Management, Inc. last quarter.

$1.08BTotal Value

24.00Positions

14 Nov, 2025Last Reported

Current holdings of Current Stock Holdings of Bares Capital Management, Inc., last reported on 14 Nov, 2025. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
ALGN Align Technology Inc. Align Technology Inc.ALGN Bares Capital Management, Inc.'s holding in Align Technology Inc. over time	7.04%	609,722	$76.35M 7.04%	increased 19.01 percentadded

AME Ametek Inc Ametek IncAME Bares Capital Management, Inc.'s holding in Ametek Inc over time	0%	152	$28.6K 0%	unchanged 0 percentunchanged

APG Api Group Corporation Api Group CorporationAPG Bares Capital Management, Inc.'s holding in Api Group Corporation over time	0%	877	$30.1K 0%	increased 49.91 percentadded

APH Amphenol Corporation Class A Amphenol Corporation Class AAPH Bares Capital Management, Inc.'s holding in Amphenol Corporation Class A over time	0%	353	$43.7K 0%	unchanged 0 percentunchanged

BRO Brown & Brown Inc Brown & Brown IncBRO Bares Capital Management, Inc.'s holding in Brown & Brown Inc over time	0%	259	$24.3K 0%	unchanged 0 percentunchanged

CSGP Costar Group Costar GroupCSGP Bares Capital Management, Inc.'s holding in Costar Group over time	9.54%	1,226,250	$103.46M 9.54%	increased 0.95 percentadded

ETSY Etsy Inc Etsy IncETSY Bares Capital Management, Inc.'s holding in Etsy Inc over time	8.73%	1,425,820	$94.66M 8.73%	decreased 0.53 percentreduced

GMED Globus Medical Inc Class A Globus Medical Inc Class AGMED Bares Capital Management, Inc.'s holding in Globus Medical Inc Class A over time	2.75%	521,129	$29.85M 2.75%	new position

HEI Heico Corporation Class A Heico Corporation Class AHEI Bares Capital Management, Inc.'s holding in Heico Corporation Class A over time	0%	122	$31.0K 0%	unchanged 0 percentunchanged

IBKR Interactive Brokers Group Inc Interactive Brokers Group IncIBKR Bares Capital Management, Inc.'s holding in Interactive Brokers Group Inc over time	13.08%	2,060,590	$141.79M 13.08%	decreased 31.57 percentreduced

MCO Moody`S Corporation Moody`S CorporationMCO Bares Capital Management, Inc.'s holding in Moody`S Corporation over time	0%	34.00	$16.2K 0%	unchanged 0 percentunchanged

MEDP Medpace Holdings, Inc. Medpace Holdings, Inc.MEDP Bares Capital Management, Inc.'s holding in Medpace Holdings, Inc. over time	5.29%	111,507	$57.33M 5.29%	decreased 29.01 percentreduced

MIDD Middleby Corp Middleby CorpMIDD Bares Capital Management, Inc.'s holding in Middleby Corp over time	0.67%	54,625	$7.26M 0.67%	unchanged 0 percentunchanged

ONTO Onto Innovation Inc. Onto Innovation Inc.ONTO Bares Capital Management, Inc.'s holding in Onto Innovation Inc. over time	0.9%	75,450	$9.75M 0.9%	new position

PEGA Pegasystems Inc Pegasystems IncPEGA Bares Capital Management, Inc.'s holding in Pegasystems Inc over time	17.93%	3,380,340	$194.37M 17.93%	decreased 4.58 percentreduced

SNEX Stonex Group Inc Stonex Group IncSNEX Bares Capital Management, Inc.'s holding in Stonex Group Inc over time	0%	402	$40.6K 0%	decreased 99.6 percentreduced

SQ Block Inc Block IncSQ Bares Capital Management, Inc.'s holding in Block Inc over time	13.28%	1,991,850	$143.95M 13.28%	decreased 7.31 percentreduced

TYL Tyler Technologies, Inc. Tyler Technologies, Inc.TYL Bares Capital Management, Inc.'s holding in Tyler Technologies, Inc. over time	0%	28.00	$14.6K 0%	unchanged 0 percentunchanged

VEEV Veeva Systems Inc. Veeva Systems Inc.VEEV Bares Capital Management, Inc.'s holding in Veeva Systems Inc. over time	2.02%	73,360	$21.85M 2.02%	decreased 21.42 percentreduced

VRSK Verisk Analytics Inc. Verisk Analytics Inc.VRSK Bares Capital Management, Inc.'s holding in Verisk Analytics Inc. over time	0%	58.00	$14.6K 0%	unchanged 0 percentunchanged