13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q3 2019. See the latest, Q2 2026 →
Reported value
$24.31B
−2.5% on the quarter before
Positions
350
20 new · 31 sold out
Top 10
34.4%
of the value
Est. gain
−$286.7M
on stocks held all quarter
Est. return
−1.2%
on those stocks since Q2 2019
Positions as of Sep 30, 2019, 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, 53% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2019. Striped tiles are options.
Largest buys
Since Q2 2019, 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.
- Fidelity Natl Information Sv~$138.3MNew · 0.0% → 0.6%+1,042,005 shares
- TSMC~$67.6MAdded · 0.4% → 0.7%+1,454,836 shares
- Alibaba~$44.0MAdded · 1.1% → 1.3%+263,157 shares
- Brookfield Asset Mgmt Inc~$40.2MAdded · 0.1% → 0.3%+756,849 shares
- Clarivate Analytics Plc~$39.1MAdded · 0.2% → 0.4%+2,318,016 shares
- Azul S A~$38.2MNew · 0.0% → 0.2%+1,067,108 shares
- New Oriental Ed & Tech Grp I~$35.8MAdded · 0.1% → 0.3%+323,407 shares
- Silk Road Medical Inc~$31.4MAdded · 0.1% → 0.2%+966,208 shares
- MercadoLibre~$28.1MAdded · 0.2% → 0.3%+51,040 shares
- Advanced Drain Sys Inc Del~$26.6MNew · 0.0% → 0.1%+825,000 shares
Largest sells
Since Q2 2019, 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.
- Worldpay Inc~$134.7MSold out · 0.5% → 0.0%−1,098,836 shares
- Oaktree Cap Group Llc~$66.3MSold out · 0.3% → 0.0%−1,338,323 shares
- Stoneco Ltd~$64.2MCut · 0.2% → 0.0%−1,844,778 shares
- Ypf Sociedad Anonima~$59.3MSold out · 0.2% → 0.0%−3,254,045 shares
- 2u Inc~$53.5MSold out · 0.2% → 0.0%−1,421,890 shares
- Align Technology Inc~$46.0MCut · 0.3% → 0.0%−253,963 shares
- Nokia Corp~$45.5MCut · 0.3% → 0.1%−9,000,938 shares
- Church & Dwight Inc~$42.7MSold out · 0.2% → 0.0%−584,157 shares
- Gtt Communications Inc~$39.6MSold out · 0.2% → 0.0%−2,250,000 shares
- Pagseguro Digital Ltd~$32.5MCut · 0.5% → 0.5%−701,637 shares
Holdings
As of Sep 30, 2019. Changes are in shares against Jun 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Costar Group IncCOM · shares −0.9% · price +7.1% | 5.8% | $1.42B | +$93.8M | ||||||||
| Vail Resorts IncCOM · shares −0.3% · price +2.0% | 4.5% | $1.10B | +$21.1M | ||||||||
| Idexx Labs IncCOM · shares −1.0% · price −1.2% | 4.4% | $1.06B | −$13.3M | ||||||||
| GartnerCOM · shares −0.2% · price −11.2% | 3.9% | $942.5M | −$118.3M | ||||||||
| Arch Cap Group LtdORD · shares −0.9% · price +13.2% | 3.8% | $930.8M | +$108.6M | ||||||||
| Guidewire SoftwareCOM · shares −0.6% · price +3.9% | 2.9% | $699.1M | +$26.5M | ||||||||
| FactSetCOM · shares −1.9% · price −15.2% | 2.9% | $693.9M | −$124.5M | ||||||||
| Ansys IncCOM · shares −0.09% · price +8.1% | 2.4% | $575.2M | +$43.0M | ||||||||
| Msci IncCL A · shares 0% · price −8.8% | 2.0% | $489.5M | −$47.3M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −0.00% · price +1.1% | 1.9% | $455.8M | +$4.9M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.02% · price +2.2% | 1.8% | $435.1M | +$9.5M | ||||||||
| TeslaCOM · shares −0.2% · price +7.8% | 1.6% | $392.1M | +$28.3M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares +0.7% · price −1.9% | 1.5% | $375.7M | −$7.2M | ||||||||
| Mettler Toledo InternationalCOM · shares −1.0% · price −16.1% | 1.5% | $368.2M | −$70.9M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −0.4% · price −3.2% | 1.4% | $332.7M | −$11.1M | ||||||||
| Marriott Vacations Worldwide CCOM · shares −1.0% · price +7.5% | 1.3% | $324.4M | +$22.6M | ||||||||
| Primerica IncCOM · shares −0.00% · price +6.1% | 1.3% | $316.1M | +$18.1M | ||||||||
| AlibabaSPONSORED ADR · shares +16% · price −1.3% | 1.3% | $312.3M | −$3.6M | ||||||||
| Ss&C Technologies Holdings IncCOM · shares −4.1% · price −10.5% | 1.3% | $310.2M | −$36.3M | ||||||||
| Bio Techne CorpCOM · shares +0.4% · price −6.1% | 1.3% | $308.1M | −$20.1M | ||||||||
| Schwab Charles Corp NewCOM · shares −3.6% · price +4.1% | 1.1% | $265.1M | +$10.4M | ||||||||
| Iridium Communications IncCOM · shares +6.7% · price −8.5% | 1.1% | $263.3M | −$23.0M | ||||||||
| Sba Communications CorpCOM · shares −5.9% · price +7.3% | 1.1% | $258.6M | +$17.5M | ||||||||
| Douglas Emmett IncCOM · shares +0.00% · price +7.5% | 1.1% | $256.1M | +$17.9M | ||||||||
| Verisk AnalyticsCL A · shares −0.4% · price +8.0% | 1.0% | $252.0M | +$18.6M | ||||||||
| Total · 350 positions | 100% | $24.31B | −$286.7M |
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 2019 to Q3 2019: 329 stocks held throughout, down $286.7M (−1.2%).
- Arch Cap Group Ltd+$108.6M+13%
- Costar Group Inc+$93.8M+7%
- Trex Co Inc+$51.7M+27%
- Ansys Inc+$43.0M+8%
- Tesla+$28.3M+8%
- Msci Inc−$47.3M−9%
- Wix Com Ltd−$49.5M−18%
- Mettler Toledo International−$70.9M−16%
- Gartner−$118.3M−11%
- FactSet−$124.5M−15%
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 ↗ |