13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q1 2022. See the latest, Q2 2026 →
Reported value
$40.75B
−14% on the quarter before
Positions
388
29 new · 45 sold out
Top 10
39.9%
of the value
Est. gain
−$5.55B
on stocks held all quarter
Est. return
−12.4%
on those stocks since Q4 2021
Positions as of Mar 31, 2022, 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, 57% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2021. Striped tiles are options.
Largest buys
Since Q4 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.
- Baidu~$115.7MNew · 0.0% → 0.3%+874,279 shares
- Shopify Inc~$103.1MAdded · 0.6% → 0.6%+152,554 shares
- Spotify Technology S A~$99.5MAdded · 0.6% → 0.7%+658,687 shares
- Gold Fields Ltd~$82.5MNew · 0.0% → 0.2%+5,338,784 shares
- Vail Resorts Inc~$60.5MAdded · 3.1% → 3.0%+232,569 shares
- Tenaris S A~$60.1MNew · 0.0% → 0.1%+1,999,751 shares
- Public Storage~$46.4MAdded · 0.0% → 0.1%+118,856 shares
- Iridium Communications Inc~$45.2MAdded · 1.2% → 1.4%+1,120,781 shares
- Full Truck Alliance Co Ltd~$38.1MAdded · 0.1% → 0.2%+5,705,841 shares
- American Campus Cmntys Inc~$37.0MAdded · 0.0% → 0.1%+661,079 shares
Largest sells
Since Q4 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.
- RingCentral~$113.4MCut · 0.4% → 0.0%−967,271 shares
- Alphabet~$92.9MCut · 0.7% → 0.6%−33,275 shares
- Natera Inc~$64.8MSold out · 0.1% → 0.0%−693,462 shares
- Manchester United Plc New~$60.5MCut · 0.3% → 0.2%−4,180,783 shares
- Dynatrace~$59.3MCut · 0.2% → 0.0%−1,259,178 shares
- Tripadvisor Inc~$47.6MCut · 0.2% → 0.1%−1,755,450 shares
- Kanzhun Limited~$42.6MSold out · 0.1% → 0.0%−1,221,418 shares
- Sba Communications Corp~$40.6MCut · 0.6% → 0.5%−118,083 shares
- Warby Parker Inc~$39.9MCut · 0.2% → 0.1%−1,181,317 shares
- Clarivate Analytics Plc~$35.0MCut · 0.3% → 0.2%−2,085,966 shares
Holdings
As of Mar 31, 2022. Changes are in shares against Dec 31, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares +0.07% · price +2.0% | 15.3% | $6.25B | +$120.6M | ||||||||
| GartnerCOM · shares −1.2% · price −11.0% | 3.9% | $1.57B | −$194.4M | ||||||||
| Idexx Labs IncCOM · shares −1.9% · price −16.9% | 3.3% | $1.36B | −$276.3M | ||||||||
| Costar Group IncCOM · shares +1.9% · price −15.7% | 3.1% | $1.26B | −$229.8M | ||||||||
| Vail Resorts IncCOM · shares +5.3% · price −20.6% | 3.0% | $1.20B | −$297.1M | ||||||||
| FactSetCOM · shares +0.6% · price −10.7% | 2.8% | $1.16B | −$137.8M | ||||||||
| Msci IncCL A · shares +3.2% · price −17.9% | 2.7% | $1.11B | −$235.1M | ||||||||
| Arch Cap Group LtdORD · shares −0.1% · price +8.9% | 2.6% | $1.04B | +$85.4M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.1% · price −9.1% | 1.6% | $655.6M | −$65.8M | ||||||||
| Bio Techne CorpCOM · shares −0.9% · price −16.3% | 1.6% | $636.2M | −$123.8M | ||||||||
| Ansys IncCOM · shares −2.9% · price −20.8% | 1.5% | $627.3M | −$164.8M | ||||||||
| Iridium Communications IncCOM · shares +8.4% · price −2.3% | 1.4% | $585.5M | −$13.0M | ||||||||
| Guidewire SoftwareCOM · shares −1.4% · price −16.7% | 1.4% | $550.2M | −$110.0M | ||||||||
| Schwab Charles Corp NewCOM · shares −0.3% · price +0.2% | 1.3% | $547.8M | +$1.4M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −0.2% · price −0.5% | 1.3% | $520.2M | −$2.5M | ||||||||
| Mettler Toledo InternationalCOM · shares −2.3% · price −19.1% | 1.2% | $503.0M | −$118.7M | ||||||||
| Kinsale Cap Group IncCOM · shares +0.1% · price −4.1% | 1.2% | $482.1M | −$20.8M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −0.5% · price −12.4% | 1.2% | $481.2M | −$68.3M | ||||||||
| TSMCSPONSORED ADR · shares −2.0% · price −13.3% | 1.2% | $472.2M | −$72.7M | ||||||||
| Marriott Vacations Worldwide CCOM · shares −1.9% · price −6.7% | 1.1% | $455.3M | −$32.6M | ||||||||
| Penn Natl Gaming IncCOM · shares −0.5% · price −18.2% | 1.1% | $450.3M | −$100.1M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares +2.5% · price −3.6% | 1.0% | $420.9M | −$15.1M | ||||||||
| Red Rock Resorts IncCL A · shares +3.8% · price −11.7% | 0.94% | $382.0M | −$48.9M | ||||||||
| Bright Horizons Fam Sol In DCOM · shares −0.07% · price +5.4% | 0.82% | $333.0M | +$17.1M | ||||||||
| Morningstar IncCOM · shares −3.6% · price −20.1% | 0.78% | $318.4M | −$80.2M | ||||||||
| Total · 388 positions | 100% | $40.75B | −$5.55B |
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 2021 to Q1 2022: 359 stocks held throughout, down $5.55B (−12.4%).
- Tesla+$120.6M+2%
- Arch Cap Group Ltd+$85.4M+9%
- Credicorp Ltd+$21.9M+41%
- Mercury Sys Inc+$19.3M+17%
- Healthequity Inc+$18.6M+52%
- Trex Co Inc−$230.6M−52%
- Msci Inc−$235.1M−18%
- Idexx Labs Inc−$276.3M−17%
- Rivian Automotive Inc−$283.2M−52%
- Vail Resorts Inc−$297.1M−21%
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 ↗ |