13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q4 2017. See the latest, Q2 2026 →
Reported value
$21.69B
+2.9% on the quarter before
Positions
319
20 new · 19 sold out
Top 10
30.2%
of the value
Est. gain
+$866.8M
on stocks held all quarter
Est. return
+4.3%
on those stocks since Q3 2017
Positions as of Dec 31, 2017, 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, 50% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2017. Striped tiles are options.
Largest buys
Since Q3 2017, 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.
- Guidewire Software~$85.7MAdded · 1.9% → 2.1%+1,153,724 shares
- Cognex~$55.0MAdded · 0.5% → 0.5%+900,000 shares
- Loma Negra Corp~$53.0MNew · 0.0% → 0.2%+2,299,109 shares
- Altair Engr Inc~$50.2MNew · 0.0% → 0.2%+2,100,528 shares
- Petroleo Brasileiro Sa Petro~$49.6MNew · 0.0% → 0.2%+4,820,210 shares
- Lendingtree Inc~$33.5MNew · 0.0% → 0.2%+98,371 shares
- Red Rock Resorts Inc~$33.0MAdded · 0.8% → 1.3%+978,754 shares
- Baidu~$28.6MAdded · 0.8% → 0.9%+122,079 shares
- Fomento Economico Mexicano S~$26.6MAdded · 0.2% → 0.3%+283,421 shares
- Liberty Interactive Corp~$25.8MNew · 0.0% → 0.1%+476,086 shares
Largest sells
Since Q3 2017, 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.
- Costar Group Inc~$77.6MCut · 3.7% → 3.6%−261,301 shares
- Glaukos Corp~$72.4MSold out · 0.3% → 0.0%−2,194,059 shares
- Treehouse Foods Inc~$59.7MSold out · 0.3% → 0.0%−881,956 shares
- Under Armour Inc~$57.5MCut · 0.6% → 0.2%−3,986,229 shares
- Carlyle Group L P~$55.1MCut · 0.6% → 0.3%−2,405,470 shares
- Under Armour Inc~$48.9MCut · 0.3% → 0.0%−3,673,994 shares
- Middleby Corp~$48.3MCut · 0.7% → 0.5%−357,583 shares
- Amazon~$38.0MCut · 0.4% → 0.3%−32,509 shares
- Banco Santander Chile~$33.0MCut · 0.2% → 0.1%−1,054,173 shares
- Inovalon Hldgs Inc~$32.6MCut · 0.2% → 0.0%−2,174,157 shares
Holdings
As of Dec 31, 2017. Changes are in shares against Sep 30, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vail Resorts IncCOM · shares −0.5% · price −6.9% | 5.0% | $1.09B | −$80.1M | ||||||||
| GartnerCOM · shares −0.1% · price −1.0% | 4.0% | $867.9M | −$8.9M | ||||||||
| Costar Group IncCOM · shares −9.1% · price +10.7% | 3.6% | $779.3M | +$75.3M | ||||||||
| Arch Cap Group LtdORD · shares −1.4% · price −7.8% | 3.5% | $765.5M | −$65.2M | ||||||||
| Idexx Labs IncCOM · shares −0.5% · price +0.6% | 3.4% | $735.1M | +$4.2M | ||||||||
| FactSetCOM · shares −0.03% · price +7.0% | 2.7% | $578.6M | +$38.0M | ||||||||
| TeslaCOM · shares +0.6% · price −8.7% | 2.3% | $501.9M | −$47.7M | ||||||||
| Guidewire SoftwareCOM · shares +23% · price −4.6% | 2.1% | $463.1M | −$18.3M | ||||||||
| Ansys IncCOM · shares −0.1% · price +20.3% | 1.8% | $385.7M | +$65.0M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −0.2% · price +0.3% | 1.8% | $384.9M | +$1.1M | ||||||||
| Mettler Toledo InternationalCOM · shares −0.2% · price −1.1% | 1.8% | $381.0M | −$4.1M | ||||||||
| Choice Hotels Intl IncCOM · shares +0.4% · price +21.4% | 1.7% | $375.0M | +$66.0M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −4.7% · price +9.0% | 1.7% | $360.8M | +$29.9M | ||||||||
| Schwab Charles Corp NewCOM · shares −2.8% · price +17.4% | 1.5% | $334.6M | +$49.7M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares 0% · price +19.0% | 1.5% | $327.8M | +$52.4M | ||||||||
| Marriott Vacations Worldwide CCOM · shares 0% · price +8.6% | 1.3% | $292.4M | +$23.1M | ||||||||
| Manchester United Plc NewORD CL A · shares −0.5% · price +10.0% | 1.3% | $283.1M | +$25.7M | ||||||||
| Msci IncCL A · shares +0.9% · price +8.2% | 1.3% | $282.4M | +$21.3M | ||||||||
| Primerica IncCOM · shares +0.3% · price +24.5% | 1.3% | $272.5M | +$53.5M | ||||||||
| Red Rock Resorts IncCL A · shares +14% · price +45.7% | 1.3% | $272.4M | +$75.1M | ||||||||
| AlibabaSPONSORED ADR · shares −9.3% · price −0.2% | 1.2% | $270.1M | −$438,752 | ||||||||
| Ss&C Technologies Holdings IncCOM · shares −8.5% · price +0.8% | 1.2% | $269.9M | +$2.2M | ||||||||
| Douglas Emmett IncCOM · shares 0% · price +4.2% | 1.2% | $250.5M | +$10.0M | ||||||||
| Sba Communications CorpCOM · shares −3.3% · price +13.4% | 1.0% | $224.6M | +$26.5M | ||||||||
| Maximus IncCOM · shares −2.2% · price +11.0% | 1.0% | $217.5M | +$21.5M | ||||||||
| Total · 319 positions | 100% | $21.69B | +$866.8M |
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 2017 to Q4 2017: 298 stocks held throughout, up $866.8M (+4.3%).
- Costar Group Inc+$75.3M+11%
- Red Rock Resorts Inc+$75.1M+46%
- Choice Hotels Intl Inc+$66.0M+21%
- Ansys Inc+$65.0M+20%
- Pinnacle Entmt Inc+$55.1M+54%
- Benefitfocus Inc−$27.6M−20%
- Tesla−$47.7M−9%
- Cognex−$49.1M−45%
- Arch Cap Group Ltd−$65.2M−8%
- Vail Resorts Inc−$80.1M−7%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 1 split read into the share counts.
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 ↗ |