13F-HR 1 bcm13f-hr20080930.txt 2008-09-30 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: September 30, 2008 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 November 14, 2008 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: 51 Form 13F Information Table Value Total: $197,717 (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) AAON, Inc. COM 360206 683853 12439 X 683853 0 0 Advisory Board Co. COM 00762W107 70624 2130 X 70624 0 0 Alaska Communications Systems COM 01167P101 40000 489 X 40000 0 0 Align Technology, Inc. COM 16255101 192236 2082 X 192236 0 0 AltiGen Communications Inc COM 21489109 102100 101 X 102100 0 0 American Dental Partners COM 25353103 1239803 14506 X 1239803 0 0 American Express Company COM 025816109 20519 727 X 20519 0 0 Anheuser Busch COM 35229103 4000 260 X 4000 0 0 AutoZone Inc. COM 53332102 6300 777 X 6300 0 0 Berkshire Hathaway Inc CL A 84670108 5 653 X 5 0 0 Berkshire Hathaway Inc CL B 84670207 189 831 X 189 0 0 BIDZ.com Inc. COM 08883T200 1240324 10741 X 1240324 0 0 Brookfield Asset Management Inc COM 112585104 26438 725 X 26438 0 0 Choice Hotels International COM 169905106 73375 1988 X 73375 0 0 Conagra Food Inc COM 205887102 10000 195 X 10000 0 0 ConocoPhillips COM 20825C104 30000 2198 X 30000 0 0 Corporate Executive Board COM 21988R102 89713 282 X 89713 0 0 Diamond Hill Investment Group Inc. COM 25264R207 190974 17172 X 190974 0 0 Emerson Electric Co. COM 291011104 12154 496 X 12154 0 0 Greenlight Capital Re LTD CL A G4095J109 120497 2770 X 120497 0 0 Hospitality Properties Trust COM 44106M102 16555 340 X 16555 0 0 Interactive Intelligence Inc. COM 45839M103 2345935 21160 X 2345935 0 0 International Assets Holding Corp COM 459028106 1122893 27073 X 1122893 0 0 iShares Trust US TIP B 464287176 2095 212 X 2095 0 0 Kinder Morgan Energy Partner LTD PTN 494550106 4600 239 X 4600 0 0 Kinder Morgan Management LLC SHS 49455U100 7251 357 X 7251 0 0 Leucadia National Corp. COM 527288104 24400 1109 X 24400 0 0 Level 3 Communications COM 52729N100 14500 39 X 14500 0 0 Mediware Information Systems COM 584946107 512359 2890 X 512359 0 0 Microsoft Corp. COM 594918104 33955 906 X 33955 0 0 Morningstar, Inc. COM 617700109 52322 2902 X 52322 0 0 National Retail Properties, Inc. COM 637417106 14000 335 X 14000 0 0 Occidental Petroleum COM 674599105 12000 845 X 12000 0 0 OneBeacon Insurance Group CL A G67742109 107574 2275 X 107574 0 0 Penn National Gaming Inc. COM 707569109 72603 1929 X 72603 0 0 Pennsylvania Real Estate Invt SH BEN IN709102107 10155 191 X 10155 0 0 Pfizer Inc. COM 717081103 10000 184 X 10000 0 0 Rentrak Corp. COM 760174102 450429 6229 X 450429 0 0 Sears Holdings Corp COM 812350106 16389 1532 X 16389 0 0 SPDR Series Trust IN TR ETF78464A516 10402 540 X 10402 0 0 Stamps.com COM 852857200 776345 9060 X 776345 0 0 Stratasys Inc. COM 862685104 957797 16733 X 957797 0 0 Tandy Leather Factory Inc. COM 87538X105 1442114 3923 X 1442114 0 0 Trailer Bridge COM 892782103 47179 260 X 47179 0 0 Utah Medical Products COM 917488108 268369 7394 X 268369 0 0 Walgreens Co COM 931422109 19187 594 X 19187 0 0 Weingarten Realty Invt SH BEN IN948741103 7900 282 X 7900 0 0 White Mountains Insurance Group COM G9618E107 1246 585 X 1246 0 0 Winmark Corp COM 974250102 769787 12817 X 769787 0 0 Winthrop Realty Trust, Inc COM 976391102 45500 177 X 45500 0 0 XCEL Energy Inc. COM 98389B100 26000 520 X 26000 0 0