13F-HR 1 bcm13f-hr20120630.txt 2012-06-30 BCM 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, 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 August 14, 2012 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: 74 Form 13F Information Table Value Total: $421,929 (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 115855 5745 X 115855 0 0 Alleghany Corp COM 17175100 1598 543 X 1598 0 0 AltiGen Communications Inc COM 21489109 267100 69 X 267100 0 0 American Express Company COM 25816109 9107 530 X 9107 0 0 American Public Education COM 2913V103 580183 18566 X 580183 0 0 American Science & Engin COM 29429107 200021 11291 X 200021 0 0 Ascent Capital Group CL A 43632108 5221 270 X 5221 0 0 Asure Software COM 4649U102 51400 213 X 51400 0 0 Automatic Data Processing COM 53015103 9744 542 X 9744 0 0 Berkshire Hathaway Inc CL A 84670108 9 1125 X 9 0 0 Berkshire Hathaway Inc CL B 84670207 18283 1524 X 18283 0 0 Brookfield Asset Management Inc COM 112585104 42256 1399 X 42256 0 0 Capital Southwest Corp COM 140501107 5451 561 X 5451 0 0 Central European Distribution COM 153435102 10300 29 X 10300 0 0 Choice Hotels International COM 169905106 10000 399 X 10000 0 0 Colfax Corporation COM 194014106 575090 15855 X 575090 0 0 Conagra Food Inc COM 205887102 10000 259 X 10000 0 0 ConocoPhillips COM 20825C104 30000 1676 X 30000 0 0 Contango Oil & Gas Co. COM 21075N204 10621 629 X 10621 0 0 Corporate Executive Board COM 21988R102 295007 12060 X 295007 0 0 Ebix COM 278715206 17629 352 X 17629 0 0 Emerson Electric Co COM 291011104 7711 359 X 7711 0 0 Exelon Corp COM 30161N101 5738 216 X 5738 0 0 Expeditors International COM 302130109 10601 411 X 10601 0 0 Female Health Company COM 314462102 4118187 24174 X 4118187 0 0 Greenlight Capital Re LTD CL A G4095J109 26165 665 X 26165 0 0 Hallmark Financial Services COM 40624Q203 1893797 14772 X 1893797 0 0 HEICO Corp CL A 422806208 208419 6724 X 208419 0 0 Hospitality Properties Trust COM 44106M102 23915 592 X 23915 0 0 Interactive Intelligence Inc. COM 45839M103 2222146 62687 X 2222146 0 0 Interval Leisure Group COM 46113M108 565599 10752 X 565599 0 0 INTL FCStone Inc COM 459028106 3033317 58695 X 3033317 0 0 iShares Trust Treas Inflat US TIP B 464287176 5830 698 X 5830 0 0 Kinder Morgan Energy Partner LTD PTN 494550106 9600 754 X 9600 0 0 Kinder Morgan Management SHS 49455U100 3451 253 X 3451 0 0 Leucadia National Corp COM 527288104 16833 358 X 16833 0 0 Lockheed Martin Corporation COM 539830109 7075 616 X 7075 0 0 Microsoft Corp. COM 594918104 23944 732 X 23944 0 0 Morningstar, Inc. COM 617700109 120041 6943 X 120041 0 0 National Retail Properties, Inc. COM 637417106 14000 396 X 14000 0 0 Occidental Petroleum COM 674599105 12000 1029 X 12000 0 0 Omega Flex, Inc. COM 682095104 530648 6320 X 530648 0 0 Pennsylvania Real Estate Invt SH BEN IN709102107 10155 152 X 10155 0 0 Pfizer Inc. COM 717081103 16579 381 X 16579 0 0 Phillips 66 COM 718546104 15000 499 X 15000 0 0 Pizza Inn Inc COM 725848105 126530 345 X 126530 0 0 Powershares Emerging Market Sov Debt 73936T573 18013 519 X 18013 0 0 PowerShares Global Trust Nat Muni 73936T474 52213 1316 X 52213 0 0 Schwab Strategic US LC Value LC Val 808524409 6826 208 X 6826 0 0 Sears Holdings Corp COM 812350106 7108 424 X 7108 0 0 Simulations Plus Inc COM 829214105 34603 144 X 34603 0 0 SPDR Series Trust-Inter Treas ETF 78464A516 17573 1039 X 17573 0 0 SPDR Barclays Capital High Yield High Yld 78464A417 6187 244 X 6187 0 0 SPDR S&P Middle East & Africa Mid East 78463X806 8343 554 X 8343 0 0 Stamps.com COM 852857200 446987 12535 X 446987 0 0 Stratasys Inc. COM 862685104 259635 12852 X 259635 0 0 Tandy Leather Factory Inc. COM 87538X105 1630636 8414 X 1630636 0 0 The Dolan Company COM 25659P402 3255794 21911 X 3255794 0 0 The Middleby Corp COM 596278101 132643 13213 X 132643 0 0 TravelCenters of America COM 894174101 30000 152 X 30000 0 0 Travelzoo Inc. COM 89421Q106 300989 6838 X 300989 0 0 Utah Medical Products COM 917488108 423877 14213 X 423877 0 0 Vanguard Scottsdale MBS Mort Bck 92206C771 6659 349 X 6659 0 0 Vanguard Scottsdale Short Term Corp ST Corp 92206C409 10728 849 X 10728 0 0 Vanguard Index ETF VALUE 922908744 16982 950 X 16982 0 0 Vanguard Intern Index Emer Mkt 922042858 19751 789 X 19751 0 0 Vanguard Intern Index Europe 922042874 14189 608 X 14189 0 0 Weingarten Realty SH BEN T 948741103 7900 208 X 7900 0 0 Western Union Co COM 959802109 20539 346 X 20539 0 0 Weyerhaeuser Co COM 962166104 29966 670 X 29966 0 0 White Mountains Insurance Group COM G9618E107 542 283 X 542 0 0 Winmark Corp COM 974250102 843000 49358 X 843000 0 0 XCEL Energy Inc. COM 98389B100 26000 739 X 26000 0 0 Zimmer Holdings, Inc. COM 98956P102 8551 550 X 8551 0 0