13F filer · CIK 1017918 ↗
Baron Capital
Reported value
$66.64B
+101% on the quarter before
Positions
345
54 new · 35 sold out
Top 10
60.9%
of the value
Est. gain
+$2.22B
on stocks held all quarter
Est. return
+7.1%
on those stocks since Q1 2026
Positions as of Jun 30, 2026, from Baron Capital's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q1 2026. Striped tiles are options.
Largest buys
Since Q1 2026, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SpaceX~$24.91BNew · 0.0% → 37.4%+145,775,147 shares
- Shopify~$735.0MAdded · 1.7% → 1.9%+6,437,316 shares
- Spotify~$511.3MAdded · 1.9% → 1.7%+1,113,589 shares
- Morningstar Inc~$427.4MAdded · 0.4% → 0.8%+2,739,631 shares
- Verisk Analytics~$393.3MAdded · 1.4% → 1.3%+2,190,629 shares
- Charles Schwab Corporation~$386.7MAdded · 2.1% → 1.6%+4,191,378 shares
- Guidewire Software~$295.0MAdded · 3.0% → 1.7%+2,397,003 shares
- MSCI~$286.9MAdded · 4.4% → 2.7%+512,364 shares
- On Hldg Ag~$255.6MAdded · 1.0% → 0.9%+7,215,165 shares
- Tesla~$248.7MAdded · 13.4% → 7.9%+591,243 shares
Largest sells
Since Q1 2026, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Wynn Resorts~$101.4MCut · 0.5% → 0.1%−1,044,518 shares
- Arch Capital Group~$81.3MCut · 4.8% → 2.3%−837,309 shares
- Floor & Decor Hldgs Inc~$75.6MCut · 0.2% → 0.0%−1,273,024 shares
- Vertiv~$67.4MCut · 0.9% → 0.5%−201,323 shares
- Legence Corp~$65.6MCut · 0.2% → 0.1%−770,213 shares
- Ventas~$63.7MCut · 0.2% → 0.0%−716,856 shares
- Establishment Labs Hldgs Inc~$58.2MCut · 0.2% → 0.0%−678,069 shares
- Primerica Inc~$53.6MCut · 0.7% → 0.3%−188,573 shares
- Equinix~$50.4MCut · 0.7% → 0.3%−48,338 shares
- Advanced Energy Inds~$48.2MCut · 0.3% → 0.1%−129,358 shares
Holdings
As of Jun 30, 2026. Changes are in shares against Mar 31, 2026, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SpaceXCLASS A COM STK · shares New | 37.4% | $24.91B | — | ||||||||
| TeslaCOM · shares +5.0% · price +13.1% | 7.9% | $5.27B | +$583.0M | ||||||||
| MSCICOM · shares +19% · price +3.9% | 2.7% | $1.80B | +$56.8M | ||||||||
| Arch Capital GroupORD · shares −5.0% · price +1.1% | 2.3% | $1.54B | +$17.0M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares +15% · price +34.8% | 2.1% | $1.41B | +$317.4M | ||||||||
| ShopifyCL A SUB VTG SHS · shares +136% · price −3.7% | 1.9% | $1.27B | −$20.9M | ||||||||
| SpotifySHS · shares +84% · price −5.3% | 1.7% | $1.12B | −$34.0M | ||||||||
| Guidewire SoftwareCOM · shares +36% · price −17.7% | 1.7% | $1.11B | −$174.9M | ||||||||
| Charles Schwab CorporationCOM · shares +56% · price −1.8% | 1.6% | $1.08B | −$12.8M | ||||||||
| Red Rock Resorts IncCL A · shares +22% · price +21.9% | 1.6% | $1.07B | +$156.9M | ||||||||
| Idexx LaboratoriesCOM · shares +21% · price −6.3% | 1.6% | $1.04B | −$57.9M | ||||||||
| Choice Hotels Intl IncCOM · shares +21% · price +6.5% | 1.5% | $1.03B | +$52.1M | ||||||||
| GartnerCOM · shares +28% · price −18.1% | 1.5% | $985.2M | −$170.0M | ||||||||
| FactSetCOM · shares +12% · price +6.0% | 1.5% | $966.5M | +$49.2M | ||||||||
| Vail Resorts IncCOM · shares +30% · price +6.1% | 1.3% | $890.0M | +$39.5M | ||||||||
| Kinsale Cap Group IncCOM · shares +31% · price −3.5% | 1.3% | $878.6M | −$24.0M | ||||||||
| Verisk AnalyticsCOM · shares +87% · price −5.4% | 1.3% | $844.3M | −$25.7M | ||||||||
| Birkenstock Holding PlcCOM SHS · shares +57% · price +20.1% | 0.95% | $634.2M | +$67.4M | ||||||||
| Figs IncCL A · shares 0% · price −30.7% | 0.92% | $613.4M | −$272.2M | ||||||||
| CoStar GroupCOM · shares +33% · price −29.8% | 0.92% | $612.5M | −$196.1M | ||||||||
| On Hldg AgNAMEN AKT A · shares +74% · price +4.1% | 0.90% | $599.7M | +$13.6M | ||||||||
| NvidiaCOM · shares +1.6% · price +14.7% | 0.89% | $593.3M | +$75.0M | ||||||||
| Morningstar IncCOM · shares +361% · price −7.7% | 0.82% | $545.9M | −$9.9M | ||||||||
| AmazonCOM · shares +51% · price +14.4% | 0.70% | $466.3M | +$38.9M | ||||||||
| Interactive BrokersCOM CL A · shares +19% · price +29.8% | 0.63% | $418.4M | +$80.8M | ||||||||
| Total · 345 positions | 100% | $66.64B | +$2.22B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q1 2026 to Q2 2026: 291 stocks held throughout, up $2.22B (+7.1%).
- Tesla+$583.0M+13%
- Hyatt Hotels Corp+$317.4M+35%
- Red Rock Resorts Inc+$156.9M+22%
- Forgent Power Solutions Inc+$108.3M+91%
- TSMC+$88.8M+41%
- Idexx Laboratories−$57.9M−6%
- Gartner−$170.0M−18%
- Guidewire Software−$174.9M−18%
- CoStar Group−$196.1M−30%
- Figs Inc−$272.2M−31%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $66.64B+101% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $33.13B−10% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $36.91B−2% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $37.71B+2% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $36.89B+8% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $34.05B−12% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $38.69B+3% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $37.70B+8% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $34.92B−7% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $37.52B−0% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $37.55B+9% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $34.42B−5% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $36.11B+8% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $33.31B+12% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $29.78B−4% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $30.95B−1% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $31.14B−24% | SEC ↗ |
| Q1 2022 | May 13, 2022 | $40.75B−14% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $47.14B+7% | SEC ↗ |
| Q3 2021 | Nov 12, 2021 | $44.15B+1% | SEC ↗ |
| Q2 2021 | Aug 13, 2021 | $43.68B+8% | SEC ↗ |
| Q1 2021 | May 19, 2021 | $40.57B+0% | SEC ↗ |
| Q4 2020 | Feb 12, 2021 | $40.42B+24% | SEC ↗ |
| Q3 2020 | Nov 13, 2020 | $32.58B+18% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $27.66B+36% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $20.41B−22% | SEC ↗ |
| Q4 2019 | Feb 18, 2020 | $26.19B+8% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $24.31B−3% | SEC ↗ |
| Q2 2019 | Aug 15, 2019 | $24.94B+6% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $23.59B+19% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $19.76B−18% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $24.14B+6% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $22.88B+5% | SEC ↗ |
| Q1 2018 | May 9, 2018 | $21.73B+0% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $21.69B+3% | SEC ↗ |
| Q3 2017 | Nov 15, 2017 | $21.07B+8% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $19.58B+4% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $18.88B+6% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $17.76B−6% | SEC ↗ |
| Q3 2016 | Nov 15, 2016 (amended) | $18.86B+0% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $18.81B−0% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $18.90B | SEC ↗ |