13F-HR 1 bcm13f-hr20121231.txt 2012-12-31 BCM 13F-HR 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: December 31, 2012 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: 12600 Hill Country Blvd, Suite R-230 Austin, TX 78738 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 February 14, 2013 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: 71 Form 13F Information Table Value Total: $566,715 (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 115695 5413 X 115695 0 0 Alleghany Corp COM 17175100 1611 540 X 1611 0 0 American Express Company COM 25816109 9107 523 X 9107 0 0 American Public Education COM 2913V103 1088957 39333 X 1088957 0 0 American Science & Engin COM 29429107 111817 7292 X 111817 0 0 Ascent Capital Group CL A 43632108 5221 323 X 5221 0 0 Automatic Data Processing COM 53015103 9744 555 X 9744 0 0 Berkshire Hathaway Inc CL A 84670108 9 1207 X 9 0 0 Berkshire Hathaway Inc CL B 84670207 18281 1640 X 18281 0 0 Brookfield Asset Management Inc COM 112585104 42604 1561 X 42604 0 0 Capital Southwest Corp COM 140501107 5451 543 X 5451 0 0 Cherokee Inc COM 16444H102 602694 8263 X 602694 0 0 Choice Hotels International COM 169905106 10000 336 X 10000 0 0 Colfax Corporation COM 194014106 988460 39884 X 988460 0 0 Conagra Food Inc COM 205887102 10000 295 X 10000 0 0 ConocoPhillips COM 20825C104 30000 1740 X 30000 0 0 Contango Oil & Gas Co. COM 21075N204 10621 450 X 10621 0 0 Corporate Executive Board COM 21988R102 504517 23944 X 504517 0 0 Ebix COM 278715206 255105 4112 X 255105 0 0 Emerson Electric Co COM 291011104 7711 408 X 7711 0 0 Expeditors International COM 302130109 8203 324 X 8203 0 0 Female Health Company COM 314462102 4125298 29620 X 4125298 0 0 Greenlight Capital Re LTD CL A G4095J109 40491 935 X 40491 0 0 Hallmark Financial Services COM 40624Q203 1921855 18046 X 1921855 0 0 HEICO Corp CL A 422806208 466514 14919 X 466514 0 0 Hospitality Properties Trust COM 44106M102 23915 560 X 23915 0 0 Interactive Intelligence Inc. COM 45839M103 2219054 74427 X 2219054 0 0 Interval Leisure Group COM 46113M108 766432 14861 X 766432 0 0 INTL FCStone Inc COM 459028106 3136266 54602 X 3136266 0 0 iShares Trust Treas Inflat US TIP B 464287176 2233 271 X 2233 0 0 Kinder Morgan Energy Partner LTD PTN 494550106 9600 766 X 9600 0 0 Kinder Morgan Management SHS 49455U100 3550 268 X 3550 0 0 Leucadia National Corp COM 527288104 16958 403 X 16958 0 0 Lockheed Martin Corporation COM 539830109 7075 653 X 7075 0 0 Masimo Corp COM 574599106 920161 19333 X 920161 0 0 Microsoft Corp. COM 594918104 23944 640 X 23944 0 0 Morningstar, Inc. COM 617700109 169611 10657 X 169611 0 0 National Retail Properties, Inc. COM 637417106 14000 437 X 14000 0 0 Occidental Petroleum COM 674599105 12000 919 X 12000 0 0 Omega Flex, Inc. COM 682095104 546845 6759 X 546845 0 0 Pennsylvania Real Estate Invt SH BEN IN709102107 10155 179 X 10155 0 0 Pfizer Inc. COM 717081103 16579 416 X 16579 0 0 Phillips 66 COM 718546104 15000 797 X 15000 0 0 Pizza Inn Inc COM 725848105 126530 434 X 126530 0 0 Powershares Emerging Market Sov Debt 73936T573 17063 537 X 17063 0 0 PowerShares Global Trust Nat Muni 73936T474 48713 1254 X 48713 0 0 RealD inc COM 75604L105 2965727 33246 X 2965727 0 0 Sears Holdings Corp COM 812350106 6458 267 X 6458 0 0 SPDR Series Trust-Inter Treas ETF 78464A516 15643 954 X 15643 0 0 SPDR S&P Middle East & Africa Mid East 78463X806 8448 624 X 8448 0 0 Stamps.com COM 852857200 448254 11296 X 448254 0 0 Stratasys Inc. COM 862685104 3598 288 X 3598 0 0 Tandy Leather Factory Inc. COM 87538X105 1634836 9024 X 1634836 0 0 The Dolan Company COM 25659P402 1064510 4141 X 1064510 0 0 The Middleby Corp COM 596278101 172971 22177 X 172971 0 0 TravelCenters of America COM 894174101 30000 141 X 30000 0 0 Travelzoo Inc. COM 89421Q106 616629 11710 X 616629 0 0 Utah Medical Products COM 917488108 425557 15341 X 425557 0 0 Vanguard Scottsdale MBS Mort Bck 92206C771 6659 348 X 6659 0 0 Vanguard Scottsdale Short Term Corp ST Corp 92206C409 10397 835 X 10397 0 0 Vanguard Index ETF VALUE 922908744 14754 868 X 14754 0 0 Vanguard Intern Index Emer Mkt 922042858 19595 873 X 19595 0 0 Vanguard Intern Index Europe 922042874 14189 693 X 14189 0 0 Weingarten Realty SH BEN T 948741103 7900 211 X 7900 0 0 Western Union Co COM 959802109 20539 280 X 20539 0 0 Weyerhaeuser Co COM 962166104 29966 834 X 29966 0 0 White Mountains Insurance Group COM G9618E107 1226 631 X 1226 0 0 Winmark Corp COM 974250102 837022 47710 X 837022 0 0 XCEL Energy Inc. COM 98389B100 26000 694 X 26000 0 0 XPO Logistics Inc COM 983793100 666178 11578 X 666178 0 0 Zimmer Holdings, Inc. COM 98956P102 8551 570 X 8551 0 0