13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q4 2016. See the latest, Q2 2026 →
Reported value
$17.76B
−5.9% on the quarter before
Positions
321
38 new · 25 sold out
Top 10
30.8%
of the value
Est. gain
+$71.9M
on stocks held all quarter
Est. return
+0.4%
on those stocks since Q3 2016
Positions as of Dec 31, 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, 49% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2016. Striped tiles are options.
Largest buys
Since Q3 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.
- Sba Communications Corp~$178.0MNew · 0.0% → 1.0%+1,724,009 shares
- Hilton Worldwide Hldgs Inc~$44.6MNew · 0.0% → 0.3%+1,640,050 shares
- Camping World Hldgs Inc~$32.6MNew · 0.0% → 0.2%+1,000,000 shares
- Under Armour Inc~$27.4MAdded · 0.9% → 0.9%+1,090,409 shares
- Sherwin Williams Co~$26.9MNew · 0.0% → 0.2%+100,267 shares
- Siteone Landscape Supply Inc~$26.6MAdded · 0.2% → 0.3%+764,966 shares
- Banco Santander Chile~$22.7MNew · 0.0% → 0.1%+1,036,598 shares
- Liberty Expedia Holdings~$21.6MNew · 0.0% → 0.1%+544,000 shares
- Prologis~$20.7MNew · 0.0% → 0.1%+392,497 shares
- Costar Group Inc~$20.6MAdded · 3.3% → 3.2%+109,061 shares
Largest sells
Since Q3 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.
- Sba Communications Corp~$198.5MSold out · 1.1% → 0.0%−1,769,629 shares
- Idexx Labs Inc~$94.9MCut · 3.9% → 3.8%−809,319 shares
- Inovalon Hldgs Inc~$79.9MCut · 1.0% → 0.3%−7,757,983 shares
- Illumina Inc~$67.6MCut · 0.9% → 0.3%−527,618 shares
- Press Ganey Hldgs Inc~$60.6MSold out · 0.3% → 0.0%−1,500,606 shares
- Gaming & Leisure Pptys Inc~$51.8MCut · 2.5% → 2.2%−1,691,570 shares
- Brookdale Sr Living Inc~$47.7MSold out · 0.3% → 0.0%−2,730,835 shares
- Under Armour Inc~$44.1MCut · 1.5% → 0.9%−1,516,513 shares
- Middleby Corp~$38.2MCut · 1.3% → 1.2%−296,234 shares
- Diplomat Pharmacy Inc~$35.9MSold out · 0.2% → 0.0%−1,282,664 shares
Holdings
As of Dec 31, 2016. Changes are in shares against Sep 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vail Resorts IncCOM · shares +1.7% · price +2.8% | 4.8% | $849.6M | +$22.9M | ||||||||
| GartnerCOM · shares −2.8% · price +14.3% | 4.3% | $758.3M | +$94.7M | ||||||||
| Arch Cap Group LtdORD · shares −0.1% · price +8.9% | 4.3% | $756.4M | +$61.6M | ||||||||
| Idexx Labs IncCOM · shares −12% · price +4.0% | 3.8% | $667.4M | +$25.8M | ||||||||
| Costar Group IncCOM · shares +3.8% · price −12.9% | 3.2% | $565.1M | −$81.0M | ||||||||
| FactSetCOM · shares −4.9% · price +0.8% | 3.0% | $525.7M | +$4.3M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −12% · price −8.5% | 2.2% | $384.5M | −$35.5M | ||||||||
| TeslaCOM · shares +1.4% · price +4.7% | 1.9% | $337.1M | +$15.0M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −7.8% · price +4.7% | 1.8% | $328.2M | +$14.7M | ||||||||
| Mettler Toledo InternationalCOM · shares −4.6% · price −0.3% | 1.7% | $301.9M | −$915,854 | ||||||||
| Choice Hotels Intl IncCOM · shares −0.2% · price +24.3% | 1.6% | $275.3M | +$53.9M | ||||||||
| Ansys IncCOM · shares −3.3% · price −0.1% | 1.5% | $270.1M | −$349,849 | ||||||||
| Schwab Charles Corp NewCOM · shares −0.7% · price +25.0% | 1.5% | $261.1M | +$52.3M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −0.7% · price +12.3% | 1.4% | $252.0M | +$27.5M | ||||||||
| Guidewire SoftwareCOM · shares −1.0% · price −17.8% | 1.4% | $246.7M | −$53.3M | ||||||||
| Douglas Emmett IncCOM · shares −6.0% · price −0.2% | 1.3% | $232.1M | −$444,232 | ||||||||
| Ss&C Technologies Holdings IncCOM · shares −10% · price −11.0% | 1.3% | $230.7M | −$28.6M | ||||||||
| Maximus IncCOM · shares −9.7% · price −1.4% | 1.2% | $220.7M | −$3.0M | ||||||||
| Middleby CorpCOM · shares −15% · price +4.2% | 1.2% | $210.0M | +$8.5M | ||||||||
| Manchester United Plc NewORD CL A · shares −2.5% · price −15.6% | 1.2% | $208.4M | −$38.5M | ||||||||
| Primerica IncCOM · shares −11% · price +30.4% | 1.1% | $202.7M | +$47.2M | ||||||||
| Verisk AnalyticsCL A · shares −7.5% · price −0.1% | 1.1% | $196.9M | −$266,690 | ||||||||
| Msci IncCL A · shares −6.9% · price −6.1% | 1.0% | $186.1M | −$12.2M | ||||||||
| Marriott Vacations Worldwide CCOM · shares −1.3% · price +15.7% | 1.0% | $184.5M | +$25.1M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −5.3% · price +13.9% | 1.0% | $181.4M | +$22.1M | ||||||||
| Total · 321 positions | 100% | $17.76B | +$71.9M |
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 Q3 2016 to Q4 2016: 282 stocks held throughout, up $71.9M (+0.4%).
- Gartner+$94.7M+14%
- Arch Cap Group Ltd+$61.6M+9%
- Choice Hotels Intl Inc+$53.9M+24%
- Schwab Charles Corp New+$52.3M+25%
- Primerica Inc+$47.2M+30%
- Benefitfocus Inc−$43.4M−26%
- Under Armour Inc−$44.7M−26%
- Guidewire Software−$53.3M−18%
- Under Armour Inc−$55.2M−25%
- Costar Group Inc−$81.0M−13%
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 ↗ |