13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q4 2021. See the latest, Q2 2026 →
Reported value
$47.14B
+6.8% on the quarter before
Positions
404
43 new · 36 sold out
Top 10
37.4%
of the value
Est. gain
+$3.15B
on stocks held all quarter
Est. return
+7.6%
on those stocks since Q3 2021
Positions as of Dec 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, 54% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2021. Striped tiles are options.
Largest buys
Since Q3 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.
- Rivian Automotive Inc~$589.7MNew · 0.0% → 1.3%+5,839,998 shares
- TSMC~$129.6MAdded · 0.9% → 1.2%+1,077,006 shares
- Boyd Gaming Corp~$92.1MAdded · 0.2% → 0.4%+1,404,435 shares
- Nuvei Corporation~$89.6MNew · 0.0% → 0.2%+1,378,299 shares
- Jd.Com Inc~$76.9MNew · 0.0% → 0.2%+1,097,436 shares
- Warby Parker Inc~$73.3MAdded · 0.0% → 0.2%+1,575,321 shares
- Iridium Communications Inc~$73.1MAdded · 1.0% → 1.2%+1,769,377 shares
- Sweetgreen Inc~$70.0MNew · 0.0% → 0.1%+2,186,294 shares
- Shopify Inc~$67.0MAdded · 0.5% → 0.6%+48,656 shares
- Mgm Resorts International~$66.1MAdded · 0.1% → 0.2%+1,472,134 shares
Largest sells
Since Q3 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.
- Tesla~$235.7MCut · 10.6% → 13.0%−223,005 shares
- Acceleron Pharma Inc~$222.5MSold out · 0.5% → 0.0%−1,292,998 shares
- Zillow Group Inc~$187.5MCut · 0.6% → 0.0%−3,020,256 shares
- Zillow Group Inc~$186.4MSold out · 0.4% → 0.0%−2,114,761 shares
- Meta~$126.7MCut · 0.4% → 0.1%−376,725 shares
- Sofi Technologies Inc~$77.7MSold out · 0.2% → 0.0%−4,891,024 shares
- Opendoor Technologies Inc~$70.9MSold out · 0.2% → 0.0%−3,454,603 shares
- Activision Blizzard Inc~$53.9MCut · 0.1% → 0.0%−810,186 shares
- Golar Lng Ltd Bermuda~$49.3MSold out · 0.1% → 0.0%−3,800,137 shares
- Gartner~$44.2MCut · 3.8% → 3.8%−132,337 shares
Holdings
As of Dec 31, 2021. Changes are in shares against Sep 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares −3.7% · price +36.3% | 13.0% | $6.12B | +$1.63B | ||||||||
| GartnerCOM · shares −2.4% · price +10.0% | 3.8% | $1.78B | +$162.5M | ||||||||
| Idexx Labs IncCOM · shares −2.5% · price +5.9% | 3.5% | $1.66B | +$92.4M | ||||||||
| Costar Group IncCOM · shares −0.8% · price −8.2% | 3.1% | $1.46B | −$130.0M | ||||||||
| Vail Resorts IncCOM · shares −0.3% · price −1.8% | 3.1% | $1.44B | −$27.0M | ||||||||
| Msci IncCL A · shares −1.3% · price +0.7% | 2.8% | $1.31B | +$9.3M | ||||||||
| FactSetCOM · shares +0.3% · price +23.1% | 2.7% | $1.29B | +$241.8M | ||||||||
| Arch Cap Group LtdORD · shares +1.6% · price +16.4% | 2.0% | $957.1M | +$132.9M | ||||||||
| Ansys IncCOM · shares −1.6% · price +17.8% | 1.7% | $815.8M | +$123.4M | ||||||||
| Bio Techne CorpCOM · shares −0.7% · price +6.8% | 1.6% | $767.2M | +$48.6M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.02% · price +23.4% | 1.5% | $722.4M | +$137.2M | ||||||||
| Guidewire SoftwareCOM · shares +2.6% · price −4.5% | 1.4% | $669.6M | −$30.7M | ||||||||
| Mettler Toledo InternationalCOM · shares −1.6% · price +23.2% | 1.4% | $636.6M | +$120.0M | ||||||||
| Rivian Automotive IncCOM · shares New | 1.3% | $589.7M | — | ||||||||
| TSMCSPONSORED ADR · shares +30% · price +7.8% | 1.2% | $556.2M | +$30.7M | ||||||||
| Iridium Communications IncCOM · shares +15% · price +3.6% | 1.2% | $553.4M | +$16.8M | ||||||||
| Penn Natl Gaming IncCOM · shares +2.4% · price −28.4% | 1.2% | $553.0M | −$214.7M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −6.1% · price +10.5% | 1.2% | $552.3M | +$52.4M | ||||||||
| Schwab Charles Corp NewCOM · shares −0.00% · price +15.5% | 1.2% | $548.4M | +$73.4M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares +1.3% · price +24.4% | 1.1% | $523.7M | +$101.4M | ||||||||
| Kinsale Cap Group IncCOM · shares +0.4% · price +47.1% | 1.1% | $502.2M | +$160.3M | ||||||||
| Marriott Vacations Worldwide CCOM · shares +6.6% · price +7.4% | 1.1% | $497.1M | +$32.2M | ||||||||
| Trex Co IncCOM · shares −7.7% · price +32.5% | 0.95% | $446.7M | +$109.5M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −1.6% · price +5.1% | 0.90% | $425.8M | +$20.5M | ||||||||
| Red Rock Resorts IncCL A · shares −5.1% · price +7.4% | 0.88% | $416.7M | +$28.7M | ||||||||
| Total · 404 positions | 100% | $47.14B | +$3.15B |
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 2021 to Q4 2021: 361 stocks held throughout, up $3.15B (+7.6%).
- Tesla+$1.63B+36%
- FactSet+$241.8M+23%
- Gartner+$162.5M+10%
- Kinsale Cap Group Inc+$160.3M+47%
- Choice Hotels Intl Inc+$137.2M+23%
- Manchester United Plc New−$50.1M−26%
- Alibaba−$62.4M−20%
- Zai Lab Ltd−$65.7M−40%
- Costar Group Inc−$130.0M−8%
- Penn Natl Gaming Inc−$214.7M−28%
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 ↗ |