13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q4 2020. See the latest, Q2 2026 →
Reported value
$40.42B
+24% on the quarter before
Positions
377
40 new · 19 sold out
Top 10
36.4%
of the value
Est. gain
+$7.05B
on stocks held all quarter
Est. return
+22.6%
on those stocks since Q3 2020
Positions as of Dec 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, 52% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2020. Striped tiles are options.
Largest buys
Since Q3 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.
- Opendoor Technologies Inc~$129.9MNew · 0.0% → 0.3%+6,132,499 shares
- Farfetch Ltd~$99.6MNew · 0.0% → 0.2%+1,561,131 shares
- Array Technologies Inc~$85.4MNew · 0.0% → 0.2%+1,978,487 shares
- Itau Unibanco Hldg S A~$82.5MNew · 0.0% → 0.2%+13,544,323 shares
- Lufax Holding Ltd~$64.2MNew · 0.0% → 0.2%+4,523,723 shares
- RingCentral~$63.4MAdded · 0.4% → 0.7%+167,400 shares
- Spotify Technology S A~$58.4MAdded · 0.1% → 0.2%+185,715 shares
- Schrödinger~$52.1MAdded · 0.2% → 0.3%+658,523 shares
- Stitch Fix Inc~$50.8MNew · 0.0% → 0.1%+864,965 shares
- DoorDash~$49.8MNew · 0.0% → 0.1%+348,747 shares
Largest sells
Since Q3 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~$415.5MCut · 9.6% → 11.8%−588,835 shares
- Tencent Music Entmt Group~$147.4MCut · 0.1% → 0.0%−2,049,703 shares
- Teladoc Inc~$82.2MSold out · 0.3% → 0.0%−375,000 shares
- Idexx Labs Inc~$66.2MCut · 3.9% → 3.8%−132,483 shares
- Costar Group Inc~$63.2MCut · 5.2% → 4.4%−68,388 shares
- American Well Corp~$58.1MCut · 0.3% → 0.1%−2,292,894 shares
- The Trade Desk~$55.1MCut · 0.6% → 0.6%−68,851 shares
- Repay Hldgs Corp~$46.0MCut · 0.3% → 0.3%−1,269,230 shares
- Li Auto Inc~$36.6MCut · 0.1% → 0.1%−1,270,587 shares
- Goodrx Hldgs Inc~$35.4MCut · 0.3% → 0.1%−877,007 shares
Holdings
As of Dec 31, 2020. Changes are in shares against Sep 30, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares −8.0% · price +64.5% | 11.8% | $4.75B | +$1.86B | ||||||||
| Costar Group IncCOM · shares −3.4% · price +8.9% | 4.4% | $1.79B | +$146.6M | ||||||||
| Idexx Labs IncCOM · shares −4.1% · price +27.2% | 3.8% | $1.55B | +$331.8M | ||||||||
| Vail Resorts IncCOM · shares −1.7% · price +30.4% | 3.1% | $1.23B | +$287.4M | ||||||||
| Msci IncCL A · shares −1.2% · price +25.2% | 2.5% | $995.1M | +$200.0M | ||||||||
| Penn Natl Gaming IncCOM · shares −2.5% · price +18.8% | 2.4% | $984.1M | +$155.8M | ||||||||
| GartnerCOM · shares +0.3% · price +28.2% | 2.2% | $907.5M | +$199.1M | ||||||||
| FactSetCOM · shares −1.0% · price −0.7% | 2.2% | $897.3M | −$6.4M | ||||||||
| Ansys IncCOM · shares −3.5% · price +11.2% | 2.1% | $836.2M | +$84.1M | ||||||||
| Arch Cap Group LtdORD · shares −1.2% · price +23.3% | 1.9% | $757.6M | +$143.3M | ||||||||
| Guidewire SoftwareCOM · shares +0.5% · price +23.5% | 1.8% | $735.4M | +$139.0M | ||||||||
| Iridium Communications IncCOM · shares −0.4% · price +53.7% | 1.3% | $507.2M | +$177.3M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.7% · price +24.2% | 1.2% | $499.0M | +$97.1M | ||||||||
| Mettler Toledo InternationalCOM · shares −2.2% · price +18.0% | 1.2% | $488.3M | +$74.5M | ||||||||
| AlibabaSPONSORED ADR · shares −1.3% · price −20.8% | 1.2% | $480.2M | −$126.4M | ||||||||
| Bio Techne CorpCOM · shares −0.1% · price +28.2% | 1.2% | $474.3M | +$104.3M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −3.0% · price +13.8% | 1.1% | $463.7M | +$56.2M | ||||||||
| Wix Com LtdSHS · shares −2.7% · price −1.9% | 1.0% | $421.5M | −$8.2M | ||||||||
| Gds Hldgs LtdSPONSORED ADR · shares +1.7% · price +14.4% | 1.0% | $416.9M | +$51.7M | ||||||||
| Zillow Group IncCL A · shares −0.9% · price +33.9% | 1.0% | $414.9M | +$105.0M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −7.2% · price +3.1% | 0.94% | $378.2M | +$11.2M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −1.5% · price +14.8% | 0.93% | $375.8M | +$48.5M | ||||||||
| Kinsale Cap Group IncCOM · shares −0.5% · price +5.2% | 0.93% | $374.5M | +$18.6M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −0.2% · price +39.1% | 0.90% | $364.3M | +$102.4M | ||||||||
| Trex Co IncCOM · shares −3.5% · price +16.9% | 0.90% | $362.8M | +$52.5M | ||||||||
| Total · 377 positions | 100% | $40.42B | +$7.05B |
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 2020 to Q4 2020: 336 stocks held throughout, up $7.05B (+22.6%).
- Tesla+$1.86B+64%
- Idexx Labs Inc+$331.8M+27%
- Vail Resorts Inc+$287.4M+30%
- Msci Inc+$200.0M+25%
- Gartner+$199.1M+28%
- Draftkings Inc−$13.9M−21%
- Dexcom Inc−$17.7M−10%
- Rollins Inc−$19.0M−28%
- Sba Communications Corp−$33.8M−11%
- Alibaba−$126.4M−21%
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 ↗ |