13F-HR 1 bcm13f-hr20110630.txt 2011-06-30 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: June 30, 2011 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 12, 2011 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: 73 Form 13F Information Table Value Total: $379,196 (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 91567 5300 X 91567 0 0 Alaska Communications Systems COM 01167P101 40700 361 X 40700 0 0 Alleghany Corp COM 17175100 631 210 X 631 0 0 AltiGen Communications Inc COM 21489109 267600 241 X 267600 0 0 American Dental Partners COM 25353103 900325 11668 X 900325 0 0 American Express Company COM 25816109 9157 473 X 9157 0 0 American Public Education COM 2913V103 294348 13101 X 294348 0 0 American Science & Engin COM 29429107 65546 5244 X 65546 0 0 Ascent Media Corp CL A 43632108 8292 439 X 8292 0 0 Automatic Data Processing COM 53015103 14280 752 X 14280 0 0 Berkshire Hathaway Inc CL A 84670108 5 581 X 5 0 0 Berkshire Hathaway Inc CL B 84670207 11876 919 X 11876 0 0 BIDZ.com Inc. COM 08883T200 1159088 1147 X 1159088 0 0 Brookfield Asset Management Inc COM 112585104 29130 966 X 29130 0 0 Capital Southwest Corp COM 140501107 2709 250 X 2709 0 0 Central European Distribution COM 153435102 10300 115 X 10300 0 0 Choice Hotels International COM 169905106 10000 334 X 10000 0 0 Colfax Corporation COM 194014106 391139 9700 X 391139 0 0 Conagra Food Inc COM 205887102 10000 258 X 10000 0 0 ConocoPhillips COM 20825C104 30000 2256 X 30000 0 0 Contango Oil & Gas Co COM 21075N204 4611 269 X 4611 0 0 Corporate Executive Board COM 21988R102 150852 6585 X 150852 0 0 Cover-All Technologies COM 222892101 40000 100 X 40000 0 0 Derma Sciences Inc COM 249827502 15000 138 X 15000 0 0 Emerson Electric Co COM 291011104 10414 586 X 10414 0 0 Exelon Corp COM 30161N101 9241 396 X 9241 0 0 Female Health Company COM 314462102 3141680 15708 X 3141680 0 0 Greenlight Capital Re LTD CL A G4095J109 222105 5839 X 222105 0 0 Hallmark Financial Services COM 40624Q203 1925312 15152 X 1925312 0 0 HEICO Corp CL A 422806208 164951 6558 X 164951 0 0 Hospitality Properties Trust COM 44106M102 23915 580 X 23915 0 0 Interactive Intelligence Inc. COM 45839M103 2431085 85210 X 2431085 0 0 Interval Leisure Group COM 46113M108 394208 5397 X 394208 0 0 INTL FCStone Inc COM 459028106 2534143 61352 X 2534143 0 0 iShares Trust iBoxx Inv Grade CPBD CPBD 464287242 7248 798 X 7248 0 0 iShares Trust Treas Inflat US TIP B 464287176 5553 614 X 5553 0 0 Kinder Morgan Energy Partner LTD PTN 494550106 9600 697 X 9600 0 0 Kinder Morgan Management SHS 49455U100 2386 157 X 2386 0 0 Leucadia National Corp. COM 527288104 6976 238 X 6976 0 0 Level 3 Communications COM 52729N100 14500 35 X 14500 0 0 Lockheed Martin Corporation COM 539830109 9358 758 X 9358 0 0 MakeMusic Inc COM 56086P202 33357 166 X 33357 0 0 Microsoft Corp. COM 594918104 31874 829 X 31874 0 0 Morningstar, Inc. COM 617700109 101397 6163 X 101397 0 0 National Retail Properties, Inc. COM 637417106 14000 343 X 14000 0 0 Occidental Petroleum COM 674599105 12000 1248 X 12000 0 0 Omega Flex, Inc. COM 682095104 454365 6375 X 454365 0 0 OneBeacon Insurance Group CL A G67742109 12098 162 X 12098 0 0 Pennsylvania Real Estate Invt SH BEN IN709102107 10155 159 X 10155 0 0 Pfizer Inc. COM 717081103 10000 206 X 10000 0 0 Pizza Inn Inc COM 725848105 213155 635 X 213155 0 0 PowerShares Global Trust Nat Muni 73936T474 54411 1262 X 54411 0 0 Psychemedics Corp COM 744375205 11917 113 X 11917 0 0 Reis Inc COM 75936P105 22350 222 X 22350 0 0 Sears Holdings Corp COM 812350106 15514 1108 X 15514 0 0 Simulations Plus Inc COM 829214105 94863 275 X 94863 0 0 SPDR Series Trust-Inter Treas ETF 78464A516 17736 1096 X 17736 0 0 SPDR Series Trust-MidEast Africa ETF 78463X806 3139 235 X 3139 0 0 Stamps.com COM 852857200 1013005 13513 X 1013005 0 0 Stratasys Inc. COM 862685104 10500 354 X 10500 0 0 Tandy Leather Factory Inc. COM 87538X105 1647336 8451 X 1647336 0 0 The Dolan Company COM 25659P402 2387856 20225 X 2387856 0 0 The Middleby Corp COM 596278101 62328 5861 X 62328 0 0 TravelCenters of America COM 894174101 30000 164 X 30000 0 0 U S Global Investors Inc CL A 902952100 30291 218 X 30291 0 0 Utah Medical Products COM 917488108 331348 8701 X 331348 0 0 Walgreens Co COM 931422109 9525 404 X 9525 0 0 Western Union Co COM 959802109 31445 630 X 31445 0 0 White Mountains Insurance Group COM G9618E107 592 249 X 592 0 0 Winmark Corp COM 974250102 848500 36766 X 848500 0 0 Winthrop Realty Trust, Inc. COM 976391102 16767 200 X 16767 0 0 XCEL Energy Inc. COM 98389B100 26000 632 X 26000 0 0 Zimmer Holdings, Inc. COM 98956P102 11822 747 X 11822 0 0