13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q3 2016. See the latest, Q2 2026 →
Reported value
$18.86B
+0.3% on the quarter before
Positions
308
26 new · 19 sold out
Top 10
29.4%
of the value
Est. gain
+$597.1M
on stocks held all quarter
Est. return
+3.4%
on those stocks since Q2 2016
Positions as of Sep 30, 2016, 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
The 24 largest positions, 48% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2016. Striped tiles are options.
Largest buys
Since Q2 2016, 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.
- Waste Connections Inc~$119.5MNew · 0.0% → 0.6%+1,600,000 shares
- Church & Dwight Inc~$66.7MAdded · 1.0% → 0.8%+1,392,925 shares
- Pinnacle Entmt Inc~$58.3MNew · 0.0% → 0.3%+4,726,409 shares
- Alibaba~$35.7MAdded · 0.3% → 0.6%+337,372 shares
- Robert Half Intl Inc~$33.0MAdded · 0.0% → 0.2%+871,840 shares
- Univar Inc~$32.8MNew · 0.0% → 0.2%+1,500,000 shares
- Vulcan Matls Co~$26.1MNew · 0.0% → 0.1%+229,892 shares
- Netflix~$24.0MAdded · 0.0% → 0.2%+243,309 shares
- Ypf Sociedad Anonima~$22.8MNew · 0.0% → 0.1%+1,250,000 shares
- Tesla~$22.7MAdded · 1.6% → 1.7%+111,256 shares
Largest sells
Since Q2 2016, 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.
- Waste Connections Inc~$154.9MSold out · 0.8% → 0.0%−2,150,000 shares
- Middleby Corp~$83.9MCut · 1.6% → 1.3%−678,292 shares
- Pinnacle Entmt Inc~$52.5MSold out · 0.3% → 0.0%−4,739,823 shares
- Press Ganey Hldgs Inc~$43.1MCut · 0.5% → 0.3%−1,067,109 shares
- Booz Allen Hamilton Hldg Cor~$32.9MCut · 0.6% → 0.4%−1,041,510 shares
- Mattress Firm Hldg Corp~$31.2MSold out · 0.2% → 0.0%−930,077 shares
- Cbre Group Inc~$28.9MCut · 0.8% → 0.7%−1,034,284 shares
- Norwegian Cruise Line Hldgs~$27.6MCut · 0.4% → 0.2%−732,670 shares
- Artisan Partners Asset Mgmt~$27.2MCut · 0.2% → 0.0%−1,001,000 shares
- Fei Co~$26.7MSold out · 0.1% → 0.0%−250,000 shares
Holdings
As of Sep 30, 2016. Changes are in shares against Jun 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vail Resorts IncCOM · shares 0% · price +13.5% | 4.3% | $812.1M | +$96.5M | ||||||||
| Idexx Labs IncCOM · shares −1.3% · price +21.4% | 3.9% | $732.8M | +$129.2M | ||||||||
| Arch Cap Group LtdORD · shares −0.3% · price +10.1% | 3.7% | $695.6M | +$63.7M | ||||||||
| GartnerCOM · shares −0.5% · price −9.2% | 3.6% | $682.9M | −$69.2M | ||||||||
| Costar Group IncCOM · shares −0.4% · price −1.0% | 3.3% | $625.5M | −$6.2M | ||||||||
| FactSetCOM · shares −0.5% · price +0.4% | 2.9% | $548.1M | +$2.3M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −2.6% · price −3.0% | 2.5% | $476.6M | −$14.7M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −0.3% · price +0.9% | 1.8% | $340.1M | +$2.9M | ||||||||
| Mettler Toledo InternationalCOM · shares −2.7% · price +15.0% | 1.7% | $317.5M | +$41.5M | ||||||||
| TeslaCOM · shares +7.7% · price −3.9% | 1.7% | $317.5M | −$11.9M | ||||||||
| Guidewire SoftwareCOM · shares −0.4% · price −2.9% | 1.6% | $303.0M | −$9.0M | ||||||||
| Ss&C Technologies Holdings IncCOM · shares −5.7% · price +14.5% | 1.5% | $288.2M | +$36.5M | ||||||||
| Under Armour IncCL A · shares +2.1% · price −3.6% | 1.5% | $280.3M | −$10.3M | ||||||||
| Ansys IncCOM · shares −1.1% · price +2.0% | 1.5% | $279.7M | +$5.6M | ||||||||
| Manchester United Plc NewORD CL A · shares −0.7% · price +6.0% | 1.3% | $253.0M | +$14.2M | ||||||||
| Maximus IncCOM · shares −0.1% · price +2.1% | 1.3% | $247.8M | +$5.2M | ||||||||
| Douglas Emmett IncCOM · shares −2.4% · price +3.1% | 1.3% | $247.4M | +$7.5M | ||||||||
| Middleby CorpCOM · shares −26% · price +7.3% | 1.3% | $238.2M | +$16.1M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −0.02% · price +0.2% | 1.2% | $226.0M | +$367,054 | ||||||||
| Choice Hotels Intl IncCOM · shares −0.2% · price −5.3% | 1.2% | $221.8M | −$12.5M | ||||||||
| Verisk AnalyticsCL A · shares −2.5% · price +0.2% | 1.1% | $213.3M | +$524,371 | ||||||||
| Msci IncCL A · shares 0% · price +8.8% | 1.1% | $213.1M | +$17.3M | ||||||||
| Schwab Charles Corp NewCOM · shares −1.1% · price +24.7% | 1.1% | $210.4M | +$41.7M | ||||||||
| Sba Communications CorpCOM · shares −0.3% · price +3.9% | 1.1% | $198.5M | +$7.5M | ||||||||
| Transdigm Group IncCOM · shares 0% · price +9.6% | 1.0% | $195.2M | +$17.2M | ||||||||
| Total · 308 positions | 100% | $18.86B | +$597.1M |
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 Q2 2016 to Q3 2016: 281 stocks held throughout, up $597.1M (+3.4%).
- Idexx Labs Inc+$129.2M+21%
- Vail Resorts Inc+$96.5M+13%
- Arch Cap Group Ltd+$63.7M+10%
- Schwab Charles Corp New+$41.7M+25%
- Mettler Toledo International+$41.5M+15%
- Gaming & Leisure Pptys Inc−$14.7M−3%
- Treehouse Foods Inc−$19.9M−15%
- Inovalon Hldgs Inc−$41.9M−18%
- Gartner−$69.2M−9%
- Church & Dwight Inc−$100.6M−53%
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 ↗ |