13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q1 2021. See the latest, Q2 2026 →
Reported value
$40.57B
+0.4% on the quarter before
Positions
394
38 new · 21 sold out
Top 10
34.5%
of the value
Est. gain
−$230.7M
on stocks held all quarter
Est. return
−0.6%
on those stocks since Q4 2020
Positions as of Mar 31, 2021, 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, 51% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2020. Striped tiles are options.
Largest buys
Since Q4 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.
- Tripadvisor Inc~$267.8MNew · 0.0% → 0.7%+4,978,359 shares
- EPAM Systems~$62.1MAdded · 0.2% → 0.4%+156,546 shares
- Bridgebio Pharma Inc~$60.9MAdded · 0.0% → 0.2%+987,850 shares
- Alphabet~$57.9MAdded · 0.4% → 0.7%+28,007 shares
- Alibaba~$55.3MAdded · 1.2% → 1.3%+243,941 shares
- Acv Auctions Inc~$48.2MNew · 0.0% → 0.1%+1,393,825 shares
- Shoals Technologies Group In~$47.7MNew · 0.0% → 0.1%+1,372,521 shares
- Driven Brands Hldgs Inc~$43.2MNew · 0.0% → 0.1%+1,700,000 shares
- Stitch Fix Inc~$39.7MAdded · 0.1% → 0.2%+801,782 shares
- Las Vegas Sands Corp~$39.7MAdded · 0.1% → 0.2%+652,845 shares
Largest sells
Since Q4 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~$389.2MCut · 11.8% → 10.1%−582,656 shares
- Idexx Labs Inc~$96.5MCut · 3.8% → 3.5%−197,133 shares
- Pacific Biosciences Calif In~$50.3MCut · 0.1% → 0.0%−1,511,080 shares
- DoorDash~$49.8MSold out · 0.1% → 0.0%−348,747 shares
- Booking Hldgs Inc~$49.6MSold out · 0.1% → 0.0%−22,250 shares
- Fleetcor Technologies Inc~$45.4MCut · 0.1% → 0.0%−170,288 shares
- Cheesecake Factory Inc~$40.7MCut · 0.2% → 0.2%−695,000 shares
- The Trade Desk~$36.9MCut · 0.6% → 0.4%−56,645 shares
- Mettler Toledo International~$33.3MCut · 1.2% → 1.1%−28,784 shares
- Verisk Analytics~$32.8MCut · 0.7% → 0.5%−185,582 shares
Holdings
As of Mar 31, 2021. Changes are in shares against Dec 31, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares −8.7% · price −5.3% | 10.1% | $4.11B | −$232.1M | ||||||||
| Costar Group IncCOM · shares +0.3% · price −11.1% | 3.9% | $1.59B | −$198.1M | ||||||||
| Idexx Labs IncCOM · shares −6.3% · price −2.1% | 3.5% | $1.42B | −$30.7M | ||||||||
| Vail Resorts IncCOM · shares +1.5% · price +4.6% | 3.2% | $1.31B | +$56.2M | ||||||||
| Penn Natl Gaming IncCOM · shares −1.0% · price +21.4% | 2.9% | $1.18B | +$208.4M | ||||||||
| GartnerCOM · shares −0.07% · price +14.0% | 2.5% | $1.03B | +$126.6M | ||||||||
| Msci IncCL A · shares +0.4% · price −6.1% | 2.3% | $938.4M | −$60.7M | ||||||||
| FactSetCOM · shares −0.6% · price −7.2% | 2.0% | $828.0M | −$64.2M | ||||||||
| Arch Cap Group LtdORD · shares +2.0% · price +6.4% | 2.0% | $822.1M | +$48.3M | ||||||||
| Ansys IncCOM · shares −3.4% · price −6.7% | 1.9% | $753.8M | −$53.8M | ||||||||
| Guidewire SoftwareCOM · shares −0.3% · price −21.1% | 1.4% | $579.1M | −$154.4M | ||||||||
| Bio Techne CorpCOM · shares +0.1% · price +20.3% | 1.4% | $571.1M | +$96.2M | ||||||||
| AlibabaSPONSORED ADR · shares +12% · price −2.6% | 1.3% | $523.2M | −$12.4M | ||||||||
| Iridium Communications IncCOM · shares −2.2% · price +4.9% | 1.3% | $520.2M | +$24.3M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.5% · price +0.5% | 1.2% | $498.9M | +$2.6M | ||||||||
| Wix Com LtdSHS · shares −1.3% · price +11.7% | 1.1% | $464.7M | +$48.7M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares +0.5% · price −0.9% | 1.1% | $462.1M | −$4.1M | ||||||||
| Mettler Toledo InternationalCOM · shares −6.7% · price +1.4% | 1.1% | $461.9M | +$6.4M | ||||||||
| Marriott Vacations Worldwide CCOM · shares −0.2% · price +26.9% | 1.1% | $448.4M | +$95.2M | ||||||||
| Schwab Charles Corp NewCOM · shares −0.4% · price +22.9% | 1.1% | $439.1M | +$81.8M | ||||||||
| Zillow Group IncCL A · shares −0.05% · price −3.4% | 0.99% | $400.8M | −$13.9M | ||||||||
| Gds Hldgs LtdSPONSORED ADR · shares +10.0% · price −13.4% | 0.98% | $396.9M | −$55.9M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −3.0% · price +11.4% | 0.97% | $393.6M | +$40.2M | ||||||||
| Trex Co IncCOM · shares −3.4% · price +9.3% | 0.94% | $383.0M | +$32.7M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −0.3% · price +0.1% | 0.92% | $375.0M | +$265,945 | ||||||||
| Total · 394 positions | 100% | $40.57B | −$230.7M |
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 Q4 2020 to Q1 2021: 356 stocks held throughout, down $230.7M (−0.6%).
- Penn Natl Gaming Inc+$208.4M+21%
- Gartner+$126.6M+14%
- Bio Techne Corp+$96.2M+20%
- Marriott Vacations Worldwide C+$95.2M+27%
- Schwab Charles Corp New+$81.8M+23%
- Kinsale Cap Group Inc−$66.1M−18%
- New Oriental Ed & Tech Grp I−$70.4M−92%
- Guidewire Software−$154.4M−21%
- Costar Group Inc−$198.1M−11%
- Tesla−$232.1M−5%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 splits 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 ↗ |