13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q4 2019. See the latest, Q2 2026 →
Reported value
$26.19B
+7.7% on the quarter before
Positions
353
30 new · 27 sold out
Top 10
33.3%
of the value
Est. gain
+$2.32B
on stocks held all quarter
Est. return
+10.0%
on those stocks since Q3 2019
Positions as of Dec 31, 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 Q3 2019. Striped tiles are options.
Largest buys
Since Q3 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.
- Brp Group Inc~$41.6MNew · 0.0% → 0.2%+2,589,130 shares
- Gds Hldgs Ltd~$32.9MAdded · 0.4% → 0.6%+638,220 shares
- Globant S A~$30.1MAdded · 0.0% → 0.1%+283,401 shares
- Xp Inc~$27.0MNew · 0.0% → 0.1%+700,000 shares
- New Frontier Health Corp~$25.4MNew · 0.0% → 0.1%+2,536,819 shares
- Alibaba~$24.9MAdded · 1.3% → 1.6%+117,570 shares
- Gs Acquisition Hldgs Corp~$22.1MNew · 0.0% → 0.1%+2,000,000 shares
- Chaserg Technlgy Acquisitn C~$21.6MNew · 0.0% → 0.1%+2,000,000 shares
- Kinsale Cap Group Inc~$18.5MAdded · 0.7% → 0.7%+181,764 shares
- Brookfield Asset Mgmt Inc~$17.1MAdded · 0.3% → 0.3%+296,554 shares
Largest sells
Since Q3 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.
- Costar Group Inc~$73.9MCut · 5.8% → 5.2%−123,577 shares
- Vail Resorts Inc~$62.9MCut · 4.5% → 4.2%−262,252 shares
- Cision Ltd~$46.1MSold out · 0.2% → 0.0%−5,997,900 shares
- Expedia Inc Del~$41.7MSold out · 0.2% → 0.0%−310,249 shares
- Idexx Labs Inc~$34.7MCut · 4.4% → 3.8%−132,871 shares
- The Trade Desk~$33.0MCut · 0.5% → 0.5%−127,100 shares
- Maximus Inc~$30.1MCut · 0.2% → 0.1%−404,727 shares
- Nokia Corp~$28.1MSold out · 0.1% → 0.0%−5,555,155 shares
- Guidewire Software~$27.8MCut · 2.9% → 2.7%−253,306 shares
- Spotify Technology S A~$26.9MCut · 0.1% → 0.1%−179,936 shares
Holdings
As of Dec 31, 2019. Changes are in shares against Sep 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Costar Group IncCOM · shares −5.2% · price +0.9% | 5.2% | $1.36B | +$11.6M | ||||||||
| Vail Resorts IncCOM · shares −5.4% · price +5.4% | 4.2% | $1.09B | +$55.9M | ||||||||
| GartnerCOM · shares −2.5% · price +7.8% | 3.8% | $990.6M | +$71.4M | ||||||||
| Idexx Labs IncCOM · shares −3.4% · price −4.0% | 3.8% | $984.5M | −$40.7M | ||||||||
| Arch Cap Group LtdORD · shares −0.9% · price +2.2% | 3.6% | $942.7M | +$20.0M | ||||||||
| FactSetCOM · shares −0.4% · price +10.4% | 2.9% | $763.5M | +$72.1M | ||||||||
| Guidewire SoftwareCOM · shares −3.8% · price +4.2% | 2.7% | $700.4M | +$28.0M | ||||||||
| TeslaCOM · shares −0.04% · price +73.7% | 2.6% | $680.7M | +$288.7M | ||||||||
| Ansys IncCOM · shares −3.2% · price +16.3% | 2.5% | $647.7M | +$90.7M | ||||||||
| Msci IncCL A · shares −2.3% · price +18.6% | 2.2% | $567.0M | +$88.8M | ||||||||
| Choice Hotels Intl IncCOM · shares −4.5% · price +16.3% | 1.8% | $483.3M | +$67.6M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −3.4% · price −1.4% | 1.7% | $433.9M | −$6.4M | ||||||||
| AlibabaSPONSORED ADR · shares +6.3% · price +26.8% | 1.6% | $421.1M | +$83.8M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares +0.1% · price +21.8% | 1.5% | $405.8M | +$72.4M | ||||||||
| Mettler Toledo InternationalCOM · shares −2.4% · price +12.6% | 1.5% | $404.8M | +$45.4M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −5.8% · price +12.6% | 1.5% | $398.7M | +$44.5M | ||||||||
| Marriott Vacations Worldwide CCOM · shares −3.1% · price +24.3% | 1.5% | $390.8M | +$76.3M | ||||||||
| Ss&C Technologies Holdings IncCOM · shares −4.7% · price +19.1% | 1.3% | $352.1M | +$56.4M | ||||||||
| Bio Techne CorpCOM · shares −2.6% · price +12.2% | 1.3% | $336.6M | +$36.6M | ||||||||
| Iridium Communications IncCOM · shares +4.7% · price +15.8% | 1.2% | $319.2M | +$41.6M | ||||||||
| Primerica IncCOM · shares −4.5% · price +2.6% | 1.2% | $309.8M | +$7.9M | ||||||||
| Schwab Charles Corp NewCOM · shares −6.2% · price +13.7% | 1.1% | $282.8M | +$34.1M | ||||||||
| Sba Communications CorpCOM · shares −0.8% · price −0.1% | 0.98% | $256.2M | −$170,582 | ||||||||
| Douglas Emmett IncCOM · shares −3.0% · price +2.5% | 0.97% | $254.7M | +$6.2M | ||||||||
| Manchester United Plc NewORD CL A · shares −4.0% · price +21.3% | 0.95% | $249.5M | +$43.8M | ||||||||
| Total · 353 positions | 100% | $26.19B | +$2.32B |
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 2019 to Q4 2019: 322 stocks held throughout, up $2.32B (+10.0%).
- Tesla+$288.7M+74%
- Ansys Inc+$90.7M+16%
- Msci Inc+$88.8M+19%
- Alibaba+$83.8M+27%
- Marriott Vacations Worldwide C+$76.3M+24%
- Verisk Analytics−$14.0M−6%
- Mercury Sys Inc−$14.8M−15%
- Sage Therapeutics Inc−$28.2M−49%
- Pagseguro Digital Ltd−$31.9M−26%
- Idexx Labs Inc−$40.7M−4%
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 ↗ |