BCM
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Bares Capital Management’s Pegasystems PEGA Stock Holding History

Bares Capital Management’s Portfolio PEGA Stock Details PEGA Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q3 		$194M Sell
3,380,345
-162,371
-5% -$8.95M 17.93% 1
2025
Q2 		$192M Sell
3,542,716
-469,264
-12% -$21.3M 18.62% 1
2025
Q1 		$139M Sell
4,011,980
-717,918
-15% -$31.8M 16.37% 2
2024
Q4 		$220M Sell
4,729,898
-580,806
-11% -$24.8M 19.84% 1
2024
Q3 		$194M Sell
5,310,704
-5,585,028
-51% -$184M 17.67% 2
2024
Q2 		$330M Sell
10,895,732
-257,920
-2% -$7.73M 15.86% 1
2024
Q1 		$360M Sell
11,153,652
-571,040
-5% -$16M 14.31% 1
2023
Q4 		$286M Buy
11,724,692
+181,986
+2% +$4.26M 11.24% 4
2023
Q3 		$251M Sell
11,542,706
-72,480
-0.6% -$1.77M 10.7% 3
2023
Q2 		$286M Buy
11,615,186
+915,776
+9% +$21.3M 9.9% 3
2023
Q1 		$259M Sell
10,699,410
-401,992
-4% -$8.47M 9.18% 4
2022
Q4 		$190M Buy
11,101,402
+130,934
+1% +$2.26M 7.24% 5
2022
Q3 		$176M Buy
10,970,468
+402,840
+4% +$8.19M 6.87% 5
2022
Q2 		$253M Buy
10,567,628
+425,458
+4% +$12.7M 9.24% 3
2022
Q1 		$409M Buy
10,142,170
+335,800
+3% +$15.1M 9.52% 4
2021
Q4 		$548M Sell
9,806,370
-131,156
-1% -$7.77M 10.96% 4
2021
Q3 		$632M Sell
9,937,526
-147,660
-1% -$9.82M 11.33% 4
2021
Q2 		$702M Sell
10,085,186
-204,254
-2% -$12.9M 12.48% 3
2021
Q1 		$588M Sell
10,289,440
-125,132
-1% -$8.18M 11% 4
2020
Q4 		$694M Buy
10,414,572
+1,020,242
+11% +$65.1M 12.83% 2
2020
Q3 		$569M Sell
9,394,330
-38,644
-0.4% -$2.22M 12% 4
2020
Q2 		$477M Buy
9,432,974
+1,354,612
+17% +$58.7M 11.78% 4
2020
Q1 		$288M Buy
8,078,362
+925,636
+13% +$38.8M 10.37% 3
2019
Q4 		$285M Buy
7,152,726
+6,230,000
+675% +$236M 7.99% 7
2019
Q3 		$31.4M Buy
+922,726
New +$33.4M 0.94% 21

Other funds holding PEGA

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return
AQR Capital Management
AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
NPCM
North Peak Capital Management New York $601M AUM 0.2% 1-Year Est. Return
Jacobs Levy Equity Management
Jacobs Levy Equity Management Florham Park, New Jersey $23.8B AUM 25.4% 1-Year Est. Return

Bares Capital Management's PEGA Position: Q3 2025 in Review

Bares Capital Management reduced its Pegasystems (PEGA) stake by 4.6% in Q3 2025, selling an estimated $8.95M and leaving 3,380,345 shares worth $194M. The position accounts for 17.93% of the portfolio, ranked #1.

Bares Capital Management first reported a position in PEGA in Q3 2019 and has held it in 25 quarters since. The position peaked at $702M in Q2 2021. 426 funds tracked by Wall St. Rank hold PEGA as of Q3 2025.

  • Bares Capital Management held 3,380,345 shares of Pegasystems worth $194M as of Q3 2025.
  • Bares Capital Management sold 162,371 Pegasystems shares in Q3 2025, an estimated $8.95M.
  • Pegasystems made up 17.93% of Bares Capital Management's portfolio in Q3 2025, its #1 holding.
  • Bares Capital Management first reported a position in Pegasystems in Q3 2019 and has held it in 25 quarters since.
  • Bares Capital Management's Pegasystems position peaked at $702M in Q2 2021.
  • 426 funds tracked by Wall St. Rank held Pegasystems as of Q3 2025.

Based on Bares Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.