13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q3 2021. See the latest, Q2 2026 →
Reported value
$44.15B
+1.1% on the quarter before
Positions
397
33 new · 37 sold out
Top 10
35.5%
of the value
Est. gain
+$456.0M
on stocks held all quarter
Est. return
+1.1%
on those stocks since Q2 2021
Positions as of Sep 30, 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 Q2 2021. Striped tiles are options.
Largest buys
Since Q2 2021, 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.
- Smartrent Inc~$151.7MNew · 0.0% → 0.3%+11,647,629 shares
- Spotify Technology S A~$120.6MAdded · 0.3% → 0.5%+535,342 shares
- Natera Inc~$73.0MNew · 0.0% → 0.2%+655,177 shares
- Hillman Solutions Corp~$65.0MNew · 0.0% → 0.1%+5,445,698 shares
- TSMC~$62.8MAdded · 0.8% → 0.9%+562,214 shares
- Hyatt Hotels Corp~$54.4MAdded · 0.8% → 0.9%+705,468 shares
- Velo3d Inc~$53.4MNew · 0.0% → 0.1%+6,478,565 shares
- Holley Inc~$51.8MNew · 0.0% → 0.1%+4,336,738 shares
- Clearwater Analytics Hldgs I~$50.5MNew · 0.0% → 0.1%+1,971,229 shares
- Membership Collective Group~$50.1MNew · 0.0% → 0.1%+4,030,842 shares
Largest sells
Since Q2 2021, 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.
- Gds Hldgs Ltd~$131.9MCut · 0.8% → 0.3%−2,330,416 shares
- Itau Unibanco Hldg S A~$114.6MSold out · 0.3% → 0.0%−19,066,690 shares
- Zymergen Inc~$106.7MSold out · 0.2% → 0.0%−2,666,218 shares
- Tesla~$96.2MCut · 9.6% → 10.6%−124,017 shares
- Pra Health Sciences Inc~$91.0MSold out · 0.2% → 0.0%−550,554 shares
- Idexx Labs Inc~$64.2MCut · 3.9% → 3.7%−103,261 shares
- Fifth Wall Acquisition Corp~$56.2MSold out · 0.1% → 0.0%−4,568,174 shares
- Manchester United Plc New~$45.0MCut · 0.4% → 0.5%−2,324,689 shares
- Las Vegas Sands Corp~$42.6MSold out · 0.1% → 0.0%−809,335 shares
- Lufax Holding Ltd~$36.6MSold out · 0.1% → 0.0%−3,243,255 shares
Holdings
As of Sep 30, 2021. Changes are in shares against Jun 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares −2.0% · price +14.1% | 10.6% | $4.67B | +$576.3M | ||||||||
| GartnerCOM · shares −1.1% · price +25.5% | 3.8% | $1.66B | +$337.4M | ||||||||
| Idexx Labs IncCOM · shares −3.8% · price −1.5% | 3.7% | $1.61B | −$25.0M | ||||||||
| Costar Group IncCOM · shares −0.8% · price +3.9% | 3.6% | $1.60B | +$60.4M | ||||||||
| Vail Resorts IncCOM · shares −1.3% · price +5.5% | 3.3% | $1.47B | +$77.2M | ||||||||
| Msci IncCL A · shares −1.2% · price +14.1% | 3.0% | $1.32B | +$163.3M | ||||||||
| FactSetCOM · shares −1.2% · price +17.6% | 2.4% | $1.05B | +$156.8M | ||||||||
| Arch Cap Group LtdORD · shares −0.9% · price −2.0% | 1.8% | $809.2M | −$16.1M | ||||||||
| Penn Natl Gaming IncCOM · shares −0.5% · price −5.3% | 1.7% | $754.7M | −$42.0M | ||||||||
| Bio Techne CorpCOM · shares −0.3% · price +7.6% | 1.6% | $723.9M | +$51.3M | ||||||||
| Ansys IncCOM · shares −3.3% · price −1.9% | 1.6% | $703.7M | −$13.7M | ||||||||
| Guidewire SoftwareCOM · shares +0.6% · price +5.5% | 1.5% | $683.6M | +$35.1M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.1% · price +6.3% | 1.3% | $585.3M | +$34.8M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −0.8% · price +18.2% | 1.2% | $532.4M | +$82.1M | ||||||||
| Mettler Toledo InternationalCOM · shares +0.1% · price −0.6% | 1.2% | $525.1M | −$3.0M | ||||||||
| Schwab Charles Corp NewCOM · shares −3.0% · price +0.0% | 1.1% | $474.9M | +$195,750 | ||||||||
| Iridium Communications IncCOM · shares −1.0% · price −0.3% | 1.0% | $463.6M | −$1.6M | ||||||||
| Marriott Vacations Worldwide CCOM · shares +1.7% · price −1.2% | 0.98% | $434.2M | −$5.3M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares +15% · price −0.7% | 0.94% | $415.8M | −$2.5M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares +0.7% · price −0.0% | 0.93% | $412.0M | −$87,559 | ||||||||
| Red Rock Resorts IncCL A · shares +4.3% · price +20.5% | 0.93% | $408.7M | +$66.7M | ||||||||
| TSMCSPONSORED ADR · shares +19% · price −7.1% | 0.90% | $395.9M | −$25.4M | ||||||||
| Trex Co IncCOM · shares −4.0% · price −0.3% | 0.83% | $365.4M | −$1.0M | ||||||||
| Ceridian Hcm Hldg IncCOM · shares +2.8% · price +17.4% | 0.80% | $351.9M | +$50.8M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −2.6% · price −5.2% | 0.79% | $350.1M | −$19.3M | ||||||||
| Total · 397 positions | 100% | $44.15B | +$456.0M |
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 2021 to Q3 2021: 364 stocks held throughout, up $456.0M (+1.1%).
- Tesla+$576.3M+14%
- Gartner+$337.4M+25%
- Msci Inc+$163.3M+14%
- FactSet+$156.8M+18%
- West Pharmaceutical Svsc Inc+$82.1M+18%
- RingCentral−$87.5M−25%
- Zillow Group Inc−$102.6M−28%
- Zai Lab Ltd−$110.6M−40%
- Wix Com Ltd−$130.5M−32%
- Alibaba−$169.6M−35%
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 ↗ |