13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q3 2020. See the latest, Q2 2026 →
Reported value
$32.58B
+18% on the quarter before
Positions
356
33 new · 20 sold out
Top 10
36.1%
of the value
Est. gain
+$1.89B
on stocks held all quarter
Est. return
+7.1%
on those stocks since Q2 2020
Positions as of Sep 30, 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, 53% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2020. Striped tiles are options.
Largest buys
Since Q2 2020, 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.
- Tesla~$2.45BAdded · 6.3% → 9.6%+5,704,891 shares
- Trex Co Inc~$153.0MAdded · 1.1% → 1.0%+2,137,473 shares
- Utz Brands Inc~$95.8MNew · 0.0% → 0.3%+5,350,000 shares
- American Well Corp~$92.3MNew · 0.0% → 0.3%+3,114,318 shares
- Goodrx Hldgs Inc~$86.7MNew · 0.0% → 0.3%+1,558,997 shares
- Snowflake~$75.1MNew · 0.0% → 0.2%+299,339 shares
- Acceleron Pharma Inc~$52.5MAdded · 0.1% → 0.3%+466,397 shares
- Avient Corporation~$47.6MNew · 0.0% → 0.1%+1,800,000 shares
- Pinterest Inc~$41.7MNew · 0.0% → 0.1%+1,003,585 shares
- RingCentral~$41.0MAdded · 0.4% → 0.4%+149,457 shares
Largest sells
Since Q2 2020, 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~$83.1MCut · 5.4% → 5.2%−97,978 shares
- Idexx Labs Inc~$77.4MCut · 4.1% → 3.9%−196,945 shares
- Teladoc Inc~$66.9MCut · 0.5% → 0.3%−305,000 shares
- Collier Creek Holdings~$58.9MSold out · 0.2% → 0.0%−4,300,000 shares
- Polyone Corp~$47.2MSold out · 0.2% → 0.0%−1,800,000 shares
- Ansys Inc~$40.2MCut · 2.6% → 2.4%−122,785 shares
- Penn Natl Gaming Inc~$33.2MCut · 1.3% → 2.6%−456,454 shares
- Dexcom Inc~$22.7MCut · 0.7% → 0.5%−55,080 shares
- Mettler Toledo International~$22.2MCut · 1.3% → 1.3%−23,019 shares
- Ss&C Technologies Holdings Inc~$21.6MCut · 1.1% → 0.9%−357,076 shares
Holdings
As of Sep 30, 2020. Changes are in shares against Jun 30, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares +353% · price −60.3% | 9.6% | $3.14B | −$1.05B | ||||||||
| Costar Group IncCOM · shares −4.7% · price +19.4% | 5.2% | $1.70B | +$276.1M | ||||||||
| Idexx Labs IncCOM · shares −5.7% · price +19.1% | 3.9% | $1.27B | +$204.0M | ||||||||
| Vail Resorts IncCOM · shares −0.4% · price +17.5% | 3.0% | $962.2M | +$143.1M | ||||||||
| FactSetCOM · shares −1.4% · price +2.0% | 2.8% | $913.0M | +$17.5M | ||||||||
| Penn Natl Gaming IncCOM · shares −3.8% · price +138.0% | 2.6% | $849.6M | +$492.7M | ||||||||
| Msci IncCL A · shares −1.5% · price +6.9% | 2.5% | $804.7M | +$51.8M | ||||||||
| Ansys IncCOM · shares −4.9% · price +12.2% | 2.4% | $779.8M | +$84.6M | ||||||||
| GartnerCOM · shares −2.6% · price +3.0% | 2.2% | $705.9M | +$20.5M | ||||||||
| Arch Cap Group LtdORD · shares −2.2% · price +2.1% | 1.9% | $621.7M | +$12.8M | ||||||||
| AlibabaSPONSORED ADR · shares −1.6% · price +36.3% | 1.9% | $614.5M | +$163.6M | ||||||||
| Guidewire SoftwareCOM · shares −0.7% · price −5.9% | 1.8% | $592.7M | −$37.4M | ||||||||
| Wix Com LtdSHS · shares −1.7% · price −0.5% | 1.4% | $441.6M | −$2.4M | ||||||||
| Mettler Toledo InternationalCOM · shares −5.0% · price +19.9% | 1.3% | $423.0M | +$70.2M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −0.02% · price +29.7% | 1.3% | $420.2M | +$96.3M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.3% · price +8.9% | 1.2% | $404.6M | +$33.2M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −0.09% · price +21.0% | 1.2% | $395.6M | +$68.7M | ||||||||
| Bio Techne CorpCOM · shares −1.5% · price −6.2% | 1.1% | $370.4M | −$24.4M | ||||||||
| Gds Hldgs LtdSPONSORED ADR · shares +8.7% · price +2.7% | 1.1% | $358.1M | +$8.7M | ||||||||
| Kinsale Cap Group IncCOM · shares −1.1% · price +22.5% | 1.1% | $357.6M | +$65.8M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −0.03% · price +6.7% | 1.0% | $332.4M | +$21.0M | ||||||||
| Iridium Communications IncCOM · shares −0.2% · price +0.6% | 1.0% | $331.4M | +$1.8M | ||||||||
| Trex Co IncCOM · shares +91% · price −45.0% | 0.99% | $321.6M | −$137.6M | ||||||||
| Zillow Group IncCL A · shares +0.09% · price +76.7% | 0.96% | $312.7M | +$135.6M | ||||||||
| Sba Communications CorpCOM · shares −2.2% · price +6.9% | 0.92% | $301.2M | +$19.4M | ||||||||
| Total · 356 positions | 100% | $32.58B | +$1.89B |
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 2020 to Q3 2020: 322 stocks held throughout, up $1.89B (+7.1%).
- Penn Natl Gaming Inc+$492.7M+138%
- Costar Group Inc+$276.1M+19%
- Idexx Labs Inc+$204.0M+19%
- Alibaba+$163.6M+36%
- Vail Resorts Inc+$143.1M+17%
- Douglas Emmett Inc−$31.9M−18%
- Guidewire Software−$37.4M−6%
- Schrödinger−$41.9M−48%
- Trex Co Inc−$137.6M−45%
- Tesla−$1.05B−60%
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 ↗ |