Baron Funds Portfolio
Baron Funds 13F filer (CIK 0001017918).
Q2 2026 · 341 positions · Total reported value $41.64B · Top-10 concentration 40.1%
Turnover: 60.5% · 49 new · 144 cut · 34 exited
Active Share (vs S&P 500): 87.8% · vs QQQ: 89.6% — share of the book that differs from index weights (higher = more active) · ranking
In its Q2 2026 13F filing, Baron Funds disclosed 341 equity positions with a combined reported value of $41.64B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 40.1% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q2 2026 were TSLA ($5.27B), MSCI ($1.80B), ACGL ($1.54B). By sector, the heaviest allocations are Consumer Discretionary 33.0%, Technology 21.6%. Versus the prior quarter, allocation shifted toward Technology (+1.7pp), Consumer Discretionary (+0.6pp) and away from Financials (-0.6pp), Industrials (-0.7pp).
Versus the prior quarter, Baron Funds opened 49 new positions, trimmed 144 and fully exited 34, a turnover rate of 60.5% of positions. The portfolio's overlap with the prior quarter was 78% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | TSLA | TESLA INC | 12.52M | $5.27B | 12.65% | Add |
| 2 | MSCI | MSCI INC | 3.21M | $1.80B | 4.32% | Add |
| 3 | ACGL | ARCH CAP GROUP LTD | 15.87M | $1.54B | 3.70% | Reduce |
| 4 | H | HYATT HOTELS CORP | 7.28M | $1.41B | 3.39% | Add |
| 5 | SHOP | SHOPIFY INC | 11.16M | $1.27B | 3.06% | Add |
| 6 | SPOT | SPOTIFY TECHNOLOGY S A | 2.43M | $1.12B | 2.68% | Add |
| 7 | GWRE | GUIDEWIRE SOFTWARE INC | 8.99M | $1.11B | 2.66% | Add |
| 8 | SCHW | SCHWAB CHARLES CORP | 11.66M | $1.08B | 2.58% | Add |
| 9 | RRR | RED ROCK RESORTS INC | 16.39M | $1.07B | 2.56% | Add |
| 10 | IDXX | IDEXX LABS INC | 1.98M | $1.04B | 2.50% | Add |
| 11 | CHH | CHOICE HOTELS INTL INC | 9.33M | $1.03B | 2.47% | Add |
| 12 | IT | GARTNER INC | 7.60M | $985.24M | 2.37% | Add |
| 13 | FDS | FACTSET RESH SYS INC | 4.20M | $966.53M | 2.32% | Add |
| 14 | MTN | VAIL RESORTS INC | 6.54M | $889.97M | 2.14% | Add |
| 15 | KNSL | KINSALE CAP GROUP INC | 2.66M | $878.60M | 2.11% | Add |
| 16 | VRSK | VERISK ANALYTICS INC | 4.70M | $844.26M | 2.03% | Add |
| 17 | BIRK | BIRKENSTOCK HOLDING PLC | 14.74M | $634.25M | 1.52% | Add |
| 18 | FIGS | FIGS INC | 59.96M | $613.39M | 1.47% | Hold |
| 19 | CSGP | COSTAR GROUP INC | 21.63M | $612.47M | 1.47% | Add |
| 20 | ONON | ON HLDG AG | 16.93M | $599.65M | 1.44% | Add |
| 21 | NVDA | NVIDIA CORPORATION | 2.97M | $593.33M | 1.43% | Add |
| 22 | MORN | MORNINGSTAR INC | 3.50M | $545.94M | 1.31% | Add |
| 23 | AMZN | AMAZON COM INC | 1.96M | $466.32M | 1.12% | Add |
| 24 | IBKR | INTERACTIVE BROKERS GROUP IN | 4.81M | $418.42M | 1.00% | Add |
| 25 | VRT | VERTIV HOLDINGS CO | 979.82K | $328.06M | 0.79% | Reduce |
| 26 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 667.70K | $318.87M | 0.77% | Add |
| 27 | APH | AMPHENOL CORP | 1.60M | $281.77M | 0.68% | Reduce |
| 28 | WELL | WELLTOWER INC | 1.23M | $279.64M | 0.67% | Reduce |
| 29 | IOT | SAMSARA INC | 7.88M | $255.61M | 0.61% | Add |
| 30 | ABNB | AIRBNB INC | 1.76M | $251.58M | 0.60% | Add |
| 31 | SITE | SITEONE LANDSCAPE SUPPLY INC | 2.03M | $232.11M | 0.56% | Reduce |
| 32 | FPS | FORGENT POWER SOLUTIONS INC | 4.07M | $227.49M | 0.55% | Reduce |
| 33 | PWR | QUANTA SVCS INC | 315.79K | $227.38M | 0.55% | Reduce |
| 34 | EQIX | EQUINIX INC | 195.64K | $203.93M | 0.49% | Reduce |
| 35 | LOAR | LOAR HOLDINGS INC | 2.52M | $203.41M | 0.49% | Add |
| 36 | GOOGL | ALPHABET INC | 546.23K | $195.21M | 0.47% | Add |
| 37 | AVGO | BROADCOM INC | 514.54K | $194.37M | 0.47% | Reduce |
| 38 | GOOG | ALPHABET INC | 541.58K | $191.36M | 0.46% | Add |
| 39 | PRI | PRIMERICA INC | 671.45K | $190.83M | 0.46% | Reduce |
| 40 | MTD | METTLER TOLEDO INTERNATIONAL | 138.46K | $176.89M | 0.42% | Add |
| 41 | LVS | LAS VEGAS SANDS CORP | 3.78M | $174.80M | 0.42% | Add |
| 42 | LLY | ELI LILLY & CO | 140.54K | $168.57M | 0.41% | Add |
| 43 | TOL | TOLL BROTHERS INC | 1.01M | $166.25M | 0.40% | Add |
| 44 | BXDC | BLACKSTONE DIGITAL INFRASTRU | 7.62M | $164.83M | 0.40% | New |
| 45 | NPO | ENPRO INC | 399.48K | $150.58M | 0.36% | Add |
| 46 | HEIA | HEICO CORP NEW | 562.66K | $145.12M | 0.35% | Add |
| 47 | MRNA | MODERNA INC | 1.99M | $139.32M | 0.34% | New |
| 48 | NOVT | NOVANTA INC | 850.49K | $137.98M | 0.33% | Reduce |
| 49 | DDOG | DATADOG INC | 508.36K | $132.36M | 0.32% | Reduce |
| 50 | CBRE | CBRE GROUP INC | 978.96K | $131.86M | 0.32% | Reduce |