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Bares Capital Management, Inc.

Q1 2025 · Filed 2025-05-15
Market Value
$852M
-23.3%
Holdings
23
+1
New Purchases
12
Added To
2
Closed
2
Reduced
7
Top 10 Concentration
99.0%
Turnover
60.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CSGP 10.54% 4.18% +6.35% $90M
MEDP 1.34% 0.00% +1.34% $11M
IBKR 16.42% 15.13% +1.28% $140M
WDAY 15.65% 14.48% +1.17% $133M
SNEX 0.99% 0.00% +0.99% $8M
ALGN 10.03% 9.63% +0.39% $85M
VEEV 2.84% 2.46% +0.37% $24M
BRO 0.00% 0.00% +0.00% $26K
AME 0.00% 0.00% +0.00% $26K
HEI-A 0.00% 0.00% +0.00% $26K
APH 0.00% 0.00% +0.00% $23K
KAI 0.00% 0.00% +0.00% $20K
VRSK 0.00% 0.00% +0.00% $17K
WSO 0.00% 0.00% +0.00% $17K
TYL 0.00% 0.00% +0.00% $16K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SQ 14.47% 19.80% -5.34% $123M
PEGA 16.37% 19.84% -3.47% $139M
TWLO 0.00% 1.55% -1.55% $0
W 2.99% 3.86% -0.87% $25M
ETSY 8.36% 9.01% -0.65% $71M
DESP 0.00% 0.04% -0.04% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 17 $607M 71.3%
Mid Cap 5 $245M 28.7%
Small Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$37.8B
Median Market Cap
$19.6B
Avg P/E
44.8
Median P/E
33.0
Avg Dividend Yield
0.00%
Avg Beta
1.25
# Stocks
23
# ETFs / Funds
0

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IBKR 16.42% 844,537 $140M $165.59 -$28M -107,110 -11.3%
2 PEGA 16.37% 2,005,990 $139M $69.52 -$81M -358,959 -15.2%
3 WDAY 15.65% 570,833 $133M $233.53 -$28M -52,752 -8.5%
4 SQ 14.47% 2,268,105 $123M $54.33 -$97M -320,511 -12.4%
5 CSGP 10.54% 1,133,002 $90M $79.23 $43M +483,797 +74.5%
6 ALGN 10.03% 537,606 $85M $158.86 -$22M +24,481 +4.8%
7 ETSY 8.36% 1,509,001 $71M $47.18 -$29M -382,644 -20.2%
8 W 2.99% 795,061 $25M $32.03 -$17M -173,288 -17.9%
9 VEEV 2.84% 104,361 $24M $231.63 -$3M -25,869 -19.9%
10 MEDP 1.34% 37,476 $11M $304.69 +37,476 NEW
11 SNEX 0.99% 109,902 $8M $76.38 +109,902 NEW
12 BRO —% 213 $26K $124.40 +213 NEW
13 AME —% 152 $26K $172.14 +152 NEW
14 HEI-A —% 122 $26K $210.97 +122 NEW
15 APH —% 353 $23K $65.59 +353 NEW
16 KAI —% 60 $20K $336.92 +60 NEW
17 VRSK —% 58 $17K $297.62 +58 NEW
18 WSO —% 33 $17K $508.30 +33 NEW
19 TYL —% 28 $16K $581.39 +28 NEW
20 MCO —% 34 $16K $465.68 +34 NEW
21 DHR —% 68 $14K $205.00 +68 NEW
22 TWLO —% -$17M -159,045 -100.0% SOLD
23 DESP —% -$490K -25,443 -100.0% SOLD

New Positions

SymbolValue% Port
MEDP $11M 1.34%
SNEX $8M 0.99%
BRO $26K —%
AME $26K —%
HEI-A $26K —%
APH $23K —%
KAI $20K —%
VRSK $17K —%
WSO $17K —%
TYL $16K —%
MCO $16K —%
DHR $14K —%

Sold Out Positions

SymbolValue% Port
TWLO —%
DESP —%
View SEC EDGAR Filings for Bares Capital Management, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms