Bares Capital Management portfolio
Type not verifiedPortfolio as of Sep 30, 2025 (Q3 2025) · filed with the SEC on Nov 14, 2025 · Q3 2025 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Bares Capital Management has not filed a 13F after Sep 30, 2025: this is its latest portfolio reported to the SEC, not the current quarter's. If it files again, this page updates automatically.
Bares Capital Management reported a $1.1 bn portfolio of 24 positions to the SEC as of the end of Q3 2025. Its largest positions are PEGA, XYZ, WDAY. During the quarter it opened Globus Medical and Onto Innovation.
Sections with a free account
What it reported after the quarter end (Q3 2025)
The 13F shows the portfolio as of Sep 30, 2025. Since then Bares Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
What changed this quarter
11 positions with a change (2 new, 2 added to, 7 trimmed). 11 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Interactive Brokers Group−32%fewer sharesReduced16.2% → 13.1%
- Globus Medical+2.8 ppof portfolioNew— → 2.8%
- Medpace Holdings−29%fewer sharesReduced4.8% → 5.3%
- Workday+11%more sharesIncreased12.4% → 13.2%
- Align Technology+19%more sharesIncreased9.4% → 7.0%
- Block−7.3%fewer sharesReduced14.2% → 13.3%
- Onto Innovation+0.9 ppof portfolioNew— → 0.9%
- Pegasystems−4.6%fewer sharesReduced18.6% → 17.9%
- StoneX Group−99.5%fewer sharesReduced0.9% → under 0.1%
- Veeva Systems−21%fewer sharesReduced2.6% → 2.0%
- Wayfair−8.6%fewer sharesReduced3.7% → 5.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- PegasystemsPEGA17.9%
- BlockXYZ13.3%
- WorkdayWDAY13.2%
- Interactive Brokers GroupIBKR13.1%
- CoStar GroupCSGP9.5%
- ETSYETSY8.7%
- Align TechnologyALGN7.0%
- WayfairW5.5%
- Medpace HoldingsMEDP5.3%
- Globus MedicalGMED2.8%
- Veeva SystemsVEEV2.0%
- ONTO InnovationONTO0.9%
- MiddlebyMIDD0.7%
- AmphenolAPHunder 0.1%
- StoneX GroupSNEXunder 0.1%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 32%
- ● Financials 26%
- ● Health Care 17%
- ● Real Estate 10%
- ● Industrials 9%
- ● Consumer Discretionary 6%
How its portfolio changed (8 quarters)
Q3 2025: 24
Q3 2025: 96%
Q3 2025: 9.1%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified: we have not assigned a type because we found no document that is enough to tell. Most 13F filers are in this situation: we only review in depth those that meet the portfolio criteria.
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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