Brian Bares
Bares Capital Management
Bares Capital Management Portfolio 13F
Bares Capital Management Holdings Activity
- Portfolio value:
- $1.08B≈ (+$54M≈)
- Previous value:
- $1.03B≈
- # of changes:
- 14
- New positions:
- 2
- Reported for:
- 30 Sep 2025 (Q3)
- Latest filing date:
- 14 Nov 2025
Bares Capital Management has disclosed a total of 14 changes to the portfolio in the latest (2025 Q3) SEC report(s): increased the number of shares of 4, bought 2 totally new and decreased the number of shares of 8 position(s).
What stocks is Bares Capital Management buying now?
In the recent quarter Bares Capital Management has bought 6 securities out of which top 5 purchases (by % change to portfolio) are (WDAY) Workday Inc (added shares +11.43%), (CSGP) CoStar Group Inc (added shares +0.95%), (ALGN) Align Technology Inc (added shares +19.01%), (GMED) Globus Medical (new buy) and (ONTO) Onto Innovation Inc (new buy).
In the latest report(s) the following changes have been made to the top investments: (PEGA) Pegasystems Inc (reduced shares -4.58%), (XYZ) Block, Inc (reduced shares -7.31%), (WDAY) Workday Inc (added shares +11.43%), (IBKR) Interactive Brokers Group Inc (reduced shares -31.57%) and (CSGP) CoStar Group Inc (added shares +0.95%).
14 results
| History | Ticker | Name |
% or activity |
Shares change |
Shares held after* |
% change to portfolio |
Reported price* |
% difference current price* |
% of portfolio |
Held since* | Held for* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Globus Medical
|
new
|
+521,129
|
521,129
|
+2.75%
|
$57.27
|
+35.06%($77.35)
|
2.75%
|
2025 Q3
|
≈ 0.25 years
|
|
|
|
Onto Innovation Inc
|
new
|
+75,450
|
75,450
|
+0.9%
|
$129.22
|
+118.06%($281.78)
|
0.90%
|
2025 Q3
|
≈ 0.25 years
|
|
|
|
Api GroupCorp
|
+49.91%
|
+292
|
877
|
+0%
|
$34.37
|
+18.16%($40.61)
|
0.00%
|
2025 Q2
|
≈ 0.50 years
|
|
|
|
Align Technology Inc
|
+19.01%
|
+97,378
|
609,722
|
+1.12%
|
$125.22
|
+40.33%($175.72)
|
7.04%
|
2018 Q4
|
≈ 7.00 years
|
|
|
|
Workday Inc
|
+11.43%
|
+60,920
|
593,755
|
+1.35%
|
$240.73
|
-40.53%($143.16)
|
13.19%
|
2018 Q2
|
≈ 7.50 years
|
|
|
|
CoStar Group Inc
|
+0.95%
|
+11,599
|
1,226,251
|
+0.09%
|
$84.37
|
-64.73%($29.76)
|
9.54%
|
2016 Q2
|
≈ 9.50 years
|
|
|
|
Etsy, Inc
|
-0.53%
|
-7,646
|
1,425,825
|
-0.05%
|
$66.39
|
+25.92%($83.60)
|
8.73%
|
2021 Q2
|
≈ 4.50 years
|
|
|
|
Pegasystems Inc
|
-4.58%
|
-162,371
|
3,380,345
|
-0.91%
|
$57.50
|
-44.21%($32.08)
|
17.93%
|
2019 Q3
|
≈ 6.25 years
|
|
|
|
Block, Inc
|
-7.31%
|
-157,116
|
1,991,847
|
-1.1%
|
$72.27
|
+10.53%($79.88)
|
13.28%
|
2018 Q2
|
≈ 7.50 years
|
|
|
|
Wayfair Inc
|
-8.63%
|
-63,526
|
672,486
|
-0.55%
|
$89.33
|
+1.35%($90.54)
|
5.54%
|
2019 Q1
|
≈ 6.75 years
|
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted.