Bares Capital Management, Inc. — 13F holdings

Bares Capital Management, Inc. reported 24 holdings worth $1.08B in its 13F filing for Q3 2025, filed November 14, 2025.

Largest positions

1. PEGA PEGASYSTEMS INC — $194M (17.9%)
2. XYZ BLOCK INC — $144M (13.3%)
3. WDAY WORKDAY INC — $143M (13.2%)
4. IBKR INTERACTIVE BROKERS GROUP IN — $142M (13.1%)
5. CSGP COSTAR GROUP INC — $103M (9.5%)
6. ETSY ETSY INC — $94.7M (8.7%)
7. ALGN ALIGN TECHNOLOGY INC — $76.3M (7.0%)
8. W WAYFAIR INC — $60.1M (5.5%)
9. MEDP MEDPACE HLDGS INC — $57.3M (5.3%)
10. GMED GLOBUS MED INC — $29.8M (2.8%)