13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q4 2018. See the latest, Q2 2026 →
Reported value
$19.76B
−18% on the quarter before
Positions
369
32 new · 34 sold out
Top 10
32.9%
of the value
Est. gain
−$4.19B
on stocks held all quarter
Est. return
−18.2%
on those stocks since Q3 2018
Positions as of Dec 31, 2018, 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, 52% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2018. Striped tiles are options.
Largest buys
Since Q3 2018, 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.
- Liveramp Hldgs Inc~$54.7MNew · 0.0% → 0.3%+1,416,548 shares
- Align Technology Inc~$53.0MAdded · 0.3% → 0.4%+253,205 shares
- Nokia Corp~$38.1MAdded · 0.0% → 0.2%+6,549,072 shares
- Penn Natl Gaming Inc~$29.5MAdded · 0.9% → 0.8%+1,566,100 shares
- TSMC~$28.4MAdded · 0.5% → 0.6%+769,608 shares
- Yy Inc~$28.2MNew · 0.0% → 0.1%+471,634 shares
- New Oriental Ed & Tech Grp I~$27.7MNew · 0.0% → 0.1%+504,486 shares
- Lowes Cos Inc~$23.2MNew · 0.0% → 0.1%+250,863 shares
- Aspen Technology Inc~$23.1MAdded · 0.4% → 0.5%+280,804 shares
- Itau Unibanco Hldg Sa~$21.8MAdded · 0.2% → 0.3%+2,384,846 shares
Largest sells
Since Q3 2018, 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.
- Pinnacle Entmt Inc~$141.9MSold out · 0.6% → 0.0%−4,213,056 shares
- Acxiom Corp~$115.9MSold out · 0.5% → 0.0%−2,346,201 shares
- Fleetcor Technologies Inc~$25.7MCut · 0.3% → 0.2%−138,350 shares
- Yandex N V~$25.4MCut · 0.3% → 0.2%−927,564 shares
- Vulcan Matls Co~$23.5MSold out · 0.1% → 0.0%−211,356 shares
- Under Armour Inc~$22.6MCut · 0.3% → 0.2%−1,279,233 shares
- Bright Horizons Fam Sol In D~$21.7MCut · 1.6% → 1.7%−195,045 shares
- Liberty Expedia Holdings~$17.2MSold out · 0.1% → 0.0%−365,000 shares
- Momo Inc~$17.1MCut · 0.3% → 0.1%−721,848 shares
- Rev Group Inc~$15.7MSold out · 0.1% → 0.0%−1,000,000 shares
Holdings
As of Dec 31, 2018. Changes are in shares against Sep 30, 2018, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vail Resorts IncCOM · shares +0.6% · price −23.2% | 5.2% | $1.03B | −$308.6M | ||||||||
| GartnerCOM · shares −0.07% · price −19.3% | 4.5% | $886.7M | −$212.7M | ||||||||
| Costar Group IncCOM · shares −0.8% · price −19.8% | 4.2% | $826.7M | −$204.6M | ||||||||
| Idexx Labs IncCOM · shares −0.7% · price −25.5% | 3.9% | $768.5M | −$262.9M | ||||||||
| Arch Cap Group LtdORD · shares −0.6% · price −10.4% | 3.1% | $620.2M | −$71.7M | ||||||||
| FactSetCOM · shares +0.6% · price −10.5% | 2.9% | $576.7M | −$67.5M | ||||||||
| TeslaCOM · shares +0.08% · price +25.7% | 2.8% | $553.7M | +$113.1M | ||||||||
| Guidewire SoftwareCOM · shares +1.5% · price −20.6% | 2.7% | $531.7M | −$135.7M | ||||||||
| Ansys IncCOM · shares +1.8% · price −23.4% | 1.8% | $361.8M | −$108.8M | ||||||||
| Choice Hotels Intl IncCOM · shares +0.6% · price −14.1% | 1.8% | $346.7M | −$56.4M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −6.0% · price −5.4% | 1.7% | $339.5M | −$19.5M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −0.01% · price −8.3% | 1.7% | $337.0M | −$30.7M | ||||||||
| Msci IncCL A · shares +2.7% · price −16.9% | 1.7% | $332.2M | −$65.8M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −0.5% · price −15.1% | 1.6% | $313.7M | −$55.6M | ||||||||
| Mettler Toledo InternationalCOM · shares −2.0% · price −7.1% | 1.6% | $310.9M | −$23.9M | ||||||||
| Ss&C Technologies Holdings IncCOM · shares −0.9% · price −20.6% | 1.4% | $279.1M | −$72.5M | ||||||||
| Schwab Charles Corp NewCOM · shares +1.9% · price −15.5% | 1.4% | $273.0M | −$49.1M | ||||||||
| Manchester United Plc NewORD CL A · shares −3.2% · price −15.6% | 1.3% | $257.0M | −$47.7M | ||||||||
| Primerica IncCOM · shares −1.0% · price −18.9% | 1.2% | $243.2M | −$56.8M | ||||||||
| Marriott Vacations Worldwide CCOM · shares +4.9% · price −36.9% | 1.2% | $228.7M | −$127.5M | ||||||||
| Bio Techne CorpCOM · shares +1.6% · price −29.1% | 1.1% | $222.0M | −$89.6M | ||||||||
| Douglas Emmett IncCOM · shares +1.0% · price −9.5% | 1.1% | $209.3M | −$21.8M | ||||||||
| Sba Communications CorpCOM · shares −1.8% · price +0.8% | 0.96% | $189.2M | +$1.5M | ||||||||
| Benefitfocus IncCOM · shares −0.8% · price +13.0% | 0.96% | $189.1M | +$21.8M | ||||||||
| Wix Com LtdSHS · shares +2.2% · price −24.5% | 0.95% | $188.5M | −$59.9M | ||||||||
| Total · 369 positions | 100% | $19.76B | −$4.19B |
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 2018 to Q4 2018: 336 stocks held throughout, down $4.19B (−18.2%).
- Tesla+$113.1M+26%
- Benefitfocus Inc+$21.8M+13%
- Marketaxess Hldgs Inc+$9.0M+18%
- Petroleo Brasileiro Sa Petro+$7.4M+8%
- Zai Lab Ltd+$7.1M+19%
- Guidewire Software−$135.7M−21%
- Costar Group Inc−$204.6M−20%
- Gartner−$212.7M−19%
- Idexx Labs Inc−$262.9M−25%
- Vail Resorts Inc−$308.6M−23%
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 ↗ |