13F-HR 1 bcm13f-hr20100630.txt BCM 13F-HR 2010-06-30 FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F-HR Form 13F-HR COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 Check here if Amendment: | |; Amendment Number: This Amendment (Check only one): | | is a restatement. | | adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Bares Capital Management, Inc. Address: 221 W 6th Street, Suite 1225 Austin, TX 78701 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Brian T Bares Title: President Phone: 512-542-1083 Signature, Place, and Date of Signing: /s/Brian T Bares Brian T Bares Austin, Texas August 13, 2010 Report Type (Check one only): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 57 Form 13F Information Table Value Total: $266,912 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file nember(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------- ----------------- -------- --------------------------- ------ ------------------- 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) Advisory Board Co COM 762W107 92469 3972 X 92469 0 0 Alaska Communications Systems COM 01167P101 40700 346 X 40700 0 0 AltiGen Communications Inc COM 21489109 267600 190 X 267600 0 0 American Dental Partners COM 25353103 905120 10961 X 905120 0 0 American Express Company COM 25816109 17476 694 X 17476 0 0 American Public Education COM 2913V103 163704 7154 X 163704 0 0 Automatic Data Processing COM 53015103 15580 627 X 15580 0 0 AutoZone Inc. COM 53332102 3390 655 X 3390 0 0 Berkshire Hathaway Inc CL A 84670108 5 600 X 5 0 0 Berkshire Hathaway Inc CL B 84670207 5450 434 X 5450 0 0 BIDZ.com Inc. COM 08883T200 1483192 2299 X 1483192 0 0 Brookfield Asset Management Inc COM 112585104 33978 769 X 33978 0 0 Choice Hotels International COM 169905106 10000 302 X 10000 0 0 Colfax Corporation COM 194014106 328675 3422 X 328675 0 0 Conagra Food Inc COM 205887102 10000 233 X 10000 0 0 ConocoPhillips COM 20825C104 30000 1473 X 30000 0 0 Corporate Executive Board COM 21988R102 200676 5272 X 200676 0 0 Emerson Electric Co COM 291011104 11208 490 X 11208 0 0 Exelon Corp COM 30161N101 6866 261 X 6866 0 0 Female Health Company COM 314462102 546833 2838 X 546833 0 0 Greenlight Capital Re LTD CL A G4095J109 248451 6258 X 248451 0 0 Hallmark Financial Services COM 40624Q203 2033179 20230 X 2033179 0 0 HEICO Corp CL A 422806208 103138 2780 X 103138 0 0 Hospitality Properties Trust COM 44106M102 23915 505 X 23915 0 0 Interactive Intelligence Inc. COM 45839M103 2490937 40926 X 2490937 0 0 International Assets Holding Corp COM 459028106 2268743 36300 X 2268743 0 0 Interval Leisure Group COM 46113M108 243991 3038 X 243991 0 0 iShares Trust Treas Inflat US TIP B 464287176 6757 722 X 6757 0 0 Kinder Morgan Energy Partner LTD PTN 494550106 9600 625 X 9600 0 0 Leucadia National Corp. COM 527288104 25357 495 X 25357 0 0 Level 3 Communications COM 52729N100 14500 16 X 14500 0 0 Lockheed Martin Corporation COM 539830109 9582 714 X 9582 0 0 Microsoft Corp. COM 594918104 30695 706 X 30695 0 0 Morningstar, Inc. COM 617700109 92754 3944 X 92754 0 0 MSCI, Inc. CL A 55354G100 65778 1802 X 65778 0 0 National Retail Properties, Inc. COM 637417106 14000 300 X 14000 0 0 Occidental Petroleum COM 674599105 12000 926 X 12000 0 0 Omega Flex, Inc. COM 682095104 315904 4606 X 315904 0 0 OneBeacon Insurance Group CL A G67742109 157991 2262 X 157991 0 0 Pennsylvania Real Estate Invt SH BEN IN709102107 10155 124 X 10155 0 0 Pfizer Inc. COM 717081103 10000 143 X 10000 0 0 Rentrak Corp COM 760174102 437301 10640 X 437301 0 0 Sears Holdings Corp COM 812350106 7466 483 X 7466 0 0 SPDR Series Trust IN TR ETF78464A516 15092 811 X 15092 0 0 Stamps.com COM 852857200 1026374 10520 X 1026374 0 0 Stratasys Inc. COM 862685104 857331 21056 X 857331 0 0 Tandy Leather Factory Inc. COM 87538X105 1643372 6804 X 1643372 0 0 TravelCenters of America COM 894174101 30000 70 X 30000 0 0 Travelzoo Inc. COM 89421Q106 296188 3667 X 296188 0 0 Utah Medical Products COM 917488108 329848 8220 X 329848 0 0 Walgreens Co COM 931422109 24625 657 X 24625 0 0 Washington Post Co CL B 939640108 1227 545 X 1227 0 0 Weight Watcher's International COM 948626106 131744 3385 X 131744 0 0 Western Union Co COM 959802109 34521 515 X 34521 0 0 Winmark Corp COM 974250102 844500 28265 X 844500 0 0 Winthrop Realty Trust, Inc. COM 976391102 11725 150 X 11725 0 0 XCEL Energy Inc. COM 98389B100 26000 536 X 26000 0 0