Bares Capital Management as of March 31, 2012
Portfolio Holdings for Bares Capital Management
Bares Capital Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
MARKET SHARED
VALUE SOLE SHARED OTHER SOLE SHARED NONE
SECURITY DESCRIPTION CLASS CUSIP SHARES ($000) (A) (B) (C) MGR (A) (B) (C)
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Advisory Board Co COM 762W107 61549 5454 X 61549 0 0
Alleghany Corp COM 17175100 1105 364 X 1105 0 0
AltiGen Communications Inc COM 21489109 267600 107 X 267600 0 0
American Express Company COM 25816109 9107 527 X 9107 0 0
American Public Education COM 2913V103 401866 15271 X 401866 0 0
American Science & Engin COM 29429107 180577 12090 X 180577 0 0
Ascent Capital Group CL A 43632108 5221 247 X 5221 0 0
Asure Software COM 4649U102 95938 757 X 95938 0 0
Automatic Data Processing COM 53015103 9744 538 X 9744 0 0
Berkshire Hathaway Inc CL A 84670108 9 1097 X 9 0 0
Berkshire Hathaway Inc CL B 84670207 15154 1230 X 15154 0 0
Brookfield Asset Management Inc COM 112585104 33876 1069 X 33876 0 0
Capital Southwest Corp COM 140501107 4817 455 X 4817 0 0
Central European Distribution COM 153435102 10300 53 X 10300 0 0
Choice Hotels International COM 169905106 10000 373 X 10000 0 0
Colfax Corporation COM 194014106 475212 16746 X 475212 0 0
Conagra Food Inc COM 205887102 10000 263 X 10000 0 0
ConocoPhillips COM 20825C104 30000 2280 X 30000 0 0
Contango Oil & Gas Co. COM 21075N204 6638 391 X 6638 0 0
Corporate Executive Board COM 21988R102 202345 8703 X 202345 0 0
Emerson Electric Co COM 291011104 10353 540 X 10353 0 0
Exelon Corp COM 30161N101 5738 225 X 5738 0 0
Female Health Company COM 314462102 4145153 22467 X 4145153 0 0
Greenlight Capital Re LTD CL A G4095J109 27665 681 X 27665 0 0
Hallmark Financial Services COM 40624Q203 1906687 15044 X 1906687 0 0
HEICO Corp CL A 422806208 145782 5853 X 145782 0 0
Hospitality Properties Trust COM 44106M102 23915 633 X 23915 0 0
Interactive Intelligence Inc. COM 45839M103 2240267 68351 X 2240267 0 0
Interval Leisure Group COM 46113M108 581211 10113 X 581211 0 0
INTL FCStone Inc COM 459028106 2868086 60517 X 2868086 0 0
iShares Trust Treas Inflat US TIP B 464287176 5279 621 X 5279 0 0
Kinder Morgan Energy Partner LTD PTN 494550106 9600 794 X 9600 0 0
Kinder Morgan Management SHS 49455U100 3402 254 X 3402 0 0
Leucadia National Corp COM 527288104 10325 269 X 10325 0 0
Lockheed Martin Corporation COM 539830109 7258 652 X 7258 0 0
MakeMusic Inc COM 56086P202 26705 114 X 26705 0 0
Microsoft Corp. COM 594918104 23944 772 X 23944 0 0
Morningstar, Inc. COM 617700109 120541 7600 X 120541 0 0
National Retail Properties, Inc. COM 637417106 14000 381 X 14000 0 0
Occidental Petroleum COM 674599105 12000 1143 X 12000 0 0
Omega Flex, Inc. COM 682095104 533451 6775 X 533451 0 0
Pennsylvania Real Estate Invt SH BEN IN709102107 10155 155 X 10155 0 0
Pfizer Inc. COM 717081103 16579 375 X 16579 0 0
Pizza Inn Inc COM 725848105 163345 787 X 163345 0 0
Powershares Emerging Market Sov Debt 73936T573 13643 382 X 13643 0 0
PowerShares Global Trust Nat Muni 73936T474 52218 1294 X 52218 0 0
Reis Inc COM 75936P105 14000 125 X 14000 0 0
Schwab Strategic US LC Value LC Val 808524409 6826 213 X 6826 0 0
Sears Holdings Corp COM 812350106 14522 962 X 14522 0 0
Simulations Plus Inc COM 829214105 115962 511 X 115962 0 0
SPDR Series Trust-Inter Treas ETF 78464A516 18246 1094 X 18246 0 0
SPDR Barclays Capital High Yield High Yld 78464A417 5539 218 X 5539 0 0
SPDR S^P Middle East & Africa Mid East 78463X806 4153 295 X 4153 0 0
Stamps.com COM 852857200 449598 12535 X 449598 0 0
Stratasys Inc. COM 862685104 462177 16879 X 462177 0 0
Tandy Leather Factory Inc. COM 87538X105 1647336 8601 X 1647336 0 0
The Dolan Company COM 25659P402 3243132 29545 X 3243132 0 0
The Middleby Corp COM 596278101 119262 12067 X 119262 0 0
TravelCenters of America COM 894174101 30000 190 X 30000 0 0
Travelzoo Inc. COM 89421Q106 105311 2422 X 105311 0 0
U S Global Investors Inc CL A 902952100 22014 160 X 22014 0 0
Utah Medical Products COM 917488108 427638 13300 X 427638 0 0
Vanguard Scottsdale MBS Mort Bck 92206C771 5402 280 X 5402 0 0
Vanguard Scottsdale Short Term Corp ST Corp 92206C409 8134 643 X 8134 0 0
Vanguard Index ETF VALUE 922908744 7893 455 X 7893 0 0
Vanguard Intern Index Emer Mkt 922042858 8413 366 X 8413 0 0
Vanguard Intern Index Europe 922042874 8143 375 X 8143 0 0
Weingarten Realty SH BEN T 948741103 7900 209 X 7900 0 0
Western Union Co COM 959802109 35050 617 X 35050 0 0
Weyerhaeuser Co COM 962166104 13357 293 X 13357 0 0
White Mountains Insurance Group COM G9618E107 541 271 X 541 0 0
Winmark Corp COM 974250102 848500 49162 X 848500 0 0
XCEL Energy Inc. COM 98389B100 26000 688 X 26000 0 0
Zimmer Holdings, Inc. COM 98956P102 8590 552 X 8590 0 0