Bares Capital Management as of Sept. 30, 2012
Portfolio Holdings for Bares Capital Management
Bares Capital Management holds 0 positions in its portfolio as reported in the September 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 115855 5541 X 115855 0 0
Alleghany Corp COM 17175100 1598 551 X 1598 0 0
American Express Company COM 25816109 9107 518 X 9107 0 0
American Public Education COM 2913V103 738300 26896 X 738300 0 0
American Science & Engin COM 29429107 149872 9833 X 149872 0 0
Ascent Capital Group CL A 43632108 5221 282 X 5221 0 0
Automatic Data Processing COM 53015103 9744 572 X 9744 0 0
Berkshire Hathaway Inc CL A 84670108 9 1194 X 9 0 0
Berkshire Hathaway Inc CL B 84670207 18283 1613 X 18283 0 0
Brookfield Asset Management Inc COM 112585104 42256 1458 X 42256 0 0
Capital Southwest Corp COM 140501107 5453 610 X 5453 0 0
Central European Distribution COM 153435102 10300 29 X 10300 0 0
Cherokee Inc COM 16444H102 101747 1481 X 101747 0 0
Choice Hotels International COM 169905106 10000 320 X 10000 0 0
Colfax Corporation COM 194014106 862626 31632 X 862626 0 0
Conagra Food Inc COM 205887102 10000 276 X 10000 0 0
ConocoPhillips COM 20825C104 30000 1715 X 30000 0 0
Contango Oil & Gas Co. COM 21075N204 10621 522 X 10621 0 0
Corporate Executive Board COM 21988R102 317490 17027 X 317490 0 0
Ebix COM 278715206 17629 416 X 17629 0 0
Emerson Electric Co COM 291011104 7711 372 X 7711 0 0
Exelon Corp COM 30161N101 5738 204 X 5738 0 0
Expeditors International COM 302130109 8122 295 X 8122 0 0
Female Health Company COM 314462102 4125298 29496 X 4125298 0 0
Greenlight Capital Re LTD CL A G4095J109 26165 648 X 26165 0 0
Guggenheim Canada Engergy-Claymore ETF CA ENER 18383Q606 23556 397 X 23556 0 0
Hallmark Financial Services COM 40624Q203 1923486 15660 X 1923486 0 0
HEICO Corp CL A 422806208 211120 6441 X 211120 0 0
Hospitality Properties Trust COM 44106M102 23915 569 X 23915 0 0
Interactive Intelligence Inc. COM 45839M103 2225360 66872 X 2225360 0 0
Interval Leisure Group COM 46113M108 565599 10691 X 565599 0 0
INTL FCStone Inc COM 459028106 3137107 59793 X 3137107 0 0
iShares Trust Dow Jones US Real Estate US RE 464287739 4330 279 X 4330 0 0
iShares Trust Treas Inflat US TIP B 464287176 5230 637 X 5230 0 0
Kinder Morgan Energy Partner LTD PTN 494550106 9600 792 X 9600 0 0
Kinder Morgan Management SHS 49455U100 3506 268 X 3506 0 0
Leucadia National Corp COM 527288104 16833 383 X 16833 0 0
Lockheed Martin Corporation COM 539830109 7075 661 X 7075 0 0
Microsoft Corp. COM 594918104 23944 713 X 23944 0 0
Morningstar, Inc. COM 617700109 119075 7459 X 119075 0 0
National Retail Properties, Inc. COM 637417106 14000 427 X 14000 0 0
Occidental Petroleum COM 674599105 12000 1033 X 12000 0 0
Omega Flex, Inc. COM 682095104 543559 5767 X 543559 0 0
Pennsylvania Real Estate Invt SH BEN IN709102107 10155 161 X 10155 0 0
Pfizer Inc. COM 717081103 16579 412 X 16579 0 0
Phillips 66 COM 718546104 15000 696 X 15000 0 0
Pizza Inn Inc COM 725848105 126530 369 X 126530 0 0
Powershares Emerging Market Sov Debt 73936T573 17013 522 X 17013 0 0
PowerShares Global Trust Nat Muni 73936T474 48713 1254 X 48713 0 0
Sears Holdings Corp COM 812350106 6458 358 X 6458 0 0
SPDR Series Trust-Inter Treas ETF 78464A516 15643 963 X 15643 0 0
SPDR Barclays Capital High Yield High Yld 78464A417 5627 226 X 5627 0 0
SPDR S^P Middle East & Africa Mid East 78463X806 8343 585 X 8343 0 0
Stamps.com COM 852857200 448254 12535 X 448254 0 0
Stratasys Inc. COM 862685104 187456 10198 X 187456 0 0
Tandy Leather Factory Inc. COM 87538X105 1634836 8665 X 1634836 0 0
The Dolan Company COM 25659P402 2540335 13667 X 2540335 0 0
The Middleby Corp COM 596278101 132643 15339 X 132643 0 0
TravelCenters of America COM 894174101 30000 161 X 30000 0 0
Travelzoo Inc. COM 89421Q106 388432 9155 X 388432 0 0
Utah Medical Products COM 917488108 425557 14465 X 425557 0 0
Vanguard Scottsdale MBS Mort Bck 92206C771 6659 352 X 6659 0 0
Vanguard Scottsdale Short Term Corp ST Corp 92206C409 10358 832 X 10358 0 0
Vanguard Index ETF VALUE 922908744 14444 848 X 14444 0 0
Vanguard Intern Index Emer Mkt 922042858 19201 801 X 19201 0 0
Vanguard Intern Index Europe 922042874 14189 642 X 14189 0 0
Weingarten Realty SH BEN T 948741103 7900 222 X 7900 0 0
Western Union Co COM 959802109 20539 374 X 20539 0 0
Weyerhaeuser Co COM 962166104 29966 783 X 29966 0 0
White Mountains Insurance Group COM G9618E107 542 278 X 542 0 0
Winmark Corp COM 974250102 840900 45476 X 840900 0 0
XCEL Energy Inc. COM 98389B100 26000 720 X 26000 0 0
Zimmer Holdings, Inc. COM 98956P102 8551 578 X 8551 0 0