13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q1 2020. See the latest, Q2 2026 →
Reported value
$20.41B
−22% on the quarter before
Positions
337
21 new · 37 sold out
Top 10
35.7%
of the value
Est. gain
−$4.76B
on stocks held all quarter
Est. return
−19.5%
on those stocks since Q4 2019
Positions as of Mar 31, 2020, 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, 54% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2019. Striped tiles are options.
Largest buys
Since Q4 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.
- Vertiv~$60.6MNew · 0.0% → 0.3%+7,006,904 shares
- Gds Hldgs Ltd~$46.2MAdded · 0.6% → 1.1%+797,268 shares
- Schrödinger~$41.0MNew · 0.0% → 0.2%+950,014 shares
- Afya Ltd~$35.4MAdded · 0.0% → 0.2%+1,858,292 shares
- Msci Inc~$29.8MAdded · 2.2% → 3.3%+103,202 shares
- RingCentral~$27.6MAdded · 0.1% → 0.3%+130,464 shares
- Fair Isaac (FICO)~$27.0MAdded · 0.0% → 0.1%+87,779 shares
- Polyone Corp~$20.9MAdded · 0.1% → 0.1%+1,100,000 shares
- Golar Lng Ltd Bermuda~$18.1MAdded · 0.0% → 0.1%+2,301,430 shares
- Grid Dynamics Hldgs Inc~$16.9MNew · 0.0% → 0.1%+2,112,000 shares
Largest sells
Since Q4 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.
- Petroleo Brasileiro Sa Petro~$129.4MSold out · 0.5% → 0.0%−8,117,525 shares
- Costar Group Inc~$101.5MCut · 5.2% → 6.0%−172,768 shares
- Iac Interactivecorp~$75.9MSold out · 0.3% → 0.0%−304,591 shares
- Tiffany & Co New~$65.1MCut · 0.3% → 0.0%−503,568 shares
- Momo Inc~$58.4MSold out · 0.2% → 0.0%−1,743,543 shares
- Idexx Labs Inc~$55.2MCut · 3.8% → 4.2%−227,932 shares
- Gartner~$45.1MCut · 3.8% → 2.9%−452,615 shares
- Bright Horizons Fam Sol In D~$41.0MCut · 1.7% → 1.2%−402,392 shares
- Teladoc Inc~$37.7MCut · 0.4% → 0.7%−243,400 shares
- Interxion Holding N.V~$33.0MSold out · 0.1% → 0.0%−393,488 shares
Holdings
As of Mar 31, 2020. Changes are in shares against Dec 31, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Costar Group IncCOM · shares −7.6% · price −1.9% | 6.0% | $1.23B | −$23.3M | ||||||||
| Idexx Labs IncCOM · shares −6.0% · price −7.2% | 4.2% | $858.0M | −$66.9M | ||||||||
| TeslaCOM · shares −0.7% · price +25.3% | 4.1% | $846.4M | +$170.7M | ||||||||
| FactSetCOM · shares −2.7% · price −2.8% | 3.5% | $721.8M | −$21.1M | ||||||||
| Vail Resorts IncCOM · shares −0.8% · price −38.4% | 3.3% | $667.0M | −$416.0M | ||||||||
| Msci IncCL A · shares +4.7% · price +11.9% | 3.3% | $664.5M | +$67.6M | ||||||||
| Arch Cap Group LtdORD · shares −1.3% · price −33.6% | 3.0% | $617.4M | −$313.1M | ||||||||
| GartnerCOM · shares −7.0% · price −35.4% | 2.9% | $595.0M | −$325.8M | ||||||||
| Ansys IncCOM · shares −0.3% · price −9.7% | 2.9% | $583.1M | −$62.6M | ||||||||
| Guidewire SoftwareCOM · shares −3.4% · price −27.7% | 2.4% | $488.9M | −$187.8M | ||||||||
| AlibabaSPONSORED ADR · shares −2.2% · price −8.3% | 1.9% | $377.6M | −$34.2M | ||||||||
| Mettler Toledo InternationalCOM · shares −8.0% · price −13.0% | 1.6% | $324.0M | −$48.2M | ||||||||
| Iridium Communications IncCOM · shares +0.2% · price −9.4% | 1.4% | $289.9M | −$29.9M | ||||||||
| Bio Techne CorpCOM · shares −0.5% · price −13.6% | 1.4% | $289.4M | −$45.6M | ||||||||
| Choice Hotels Intl IncCOM · shares +0.5% · price −40.8% | 1.4% | $287.5M | −$197.1M | ||||||||
| Sba Communications CorpCOM · shares +0.1% · price +12.0% | 1.4% | $287.3M | +$30.8M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −14% · price −32.1% | 1.2% | $253.4M | −$120.0M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −3.2% · price −35.6% | 1.2% | $248.4M | −$137.5M | ||||||||
| Ss&C Technologies Holdings IncCOM · shares −4.4% · price −28.6% | 1.2% | $240.3M | −$96.4M | ||||||||
| Gds Hldgs LtdSPONSORED ADR · shares +25% · price +12.4% | 1.1% | $234.6M | +$20.8M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares +3.4% · price −46.6% | 1.1% | $224.1M | −$189.1M | ||||||||
| Verisk AnalyticsCL A · shares −0.8% · price −6.7% | 1.1% | $220.1M | −$15.7M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −3.0% · price +1.3% | 1.1% | $219.6M | +$2.8M | ||||||||
| Primerica IncCOM · shares −1.3% · price −32.2% | 1.0% | $207.2M | −$98.5M | ||||||||
| Schwab Charles Corp NewCOM · shares −0.6% · price −29.3% | 0.97% | $198.7M | −$82.4M | ||||||||
| Total · 337 positions | 100% | $20.41B | −$4.76B |
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 Q4 2019 to Q1 2020: 315 stocks held throughout, down $4.76B (−19.5%).
- Tesla+$170.7M+25%
- Msci Inc+$67.6M+12%
- Teladoc Inc+$62.0M+85%
- Sba Communications Corp+$30.8M+12%
- Clarivate Analytics Plc+$25.6M+24%
- Choice Hotels Intl Inc−$197.1M−41%
- Marriott Vacations Worldwide C−$220.1M−57%
- Arch Cap Group Ltd−$313.1M−34%
- Gartner−$325.8M−35%
- Vail Resorts Inc−$416.0M−38%
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 ↗ |