13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q4 2022. See the latest, Q2 2026 →
Reported value
$29.78B
−3.8% on the quarter before
Positions
375
30 new · 25 sold out
Top 10
40.6%
of the value
Est. gain
−$456.9M
on stocks held all quarter
Est. return
−1.6%
on those stocks since Q3 2022
Positions as of Dec 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, 59% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2022. Striped tiles are options.
Largest buys
Since Q3 2022, 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.
- Bio Techne Corp~$102.6MAdded · 1.3% → 1.5%+1,237,870 shares
- Brookfield Corp~$98.3MNew · 0.0% → 0.3%+3,125,510 shares
- Chart Inds Inc~$58.7MAdded · 0.2% → 0.4%+509,177 shares
- Toll Brothers Inc~$35.5MAdded · 0.1% → 0.2%+710,826 shares
- Neogen Corp~$34.4MAdded · 0.1% → 0.2%+2,260,278 shares
- Brookfield Asset Managmt Ltd~$23.5MNew · 0.0% → 0.1%+818,867 shares
- Lennar Corp~$21.1MAdded · 0.1% → 0.2%+233,455 shares
- Jd.Com Inc~$19.5MAdded · 0.1% → 0.2%+346,934 shares
- Prologis~$18.9MAdded · 0.2% → 0.3%+167,470 shares
- Sherwin Williams Co~$18.8MNew · 0.0% → 0.1%+79,157 shares
Largest sells
Since Q3 2022, 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.
- Brookfield Asset Mgmt Inc~$111.7MSold out · 0.4% → 0.0%−2,732,620 shares
- Spotify Technology S A~$110.9MCut · 0.5% → 0.1%−1,404,901 shares
- Gartner~$91.8MCut · 4.6% → 5.5%−273,037 shares
- Las Vegas Sands Corp~$66.1MCut · 0.2% → 0.0%−1,374,112 shares
- Ss&C Technologies Holdings Inc~$45.5MCut · 0.3% → 0.2%−874,150 shares
- Amazon~$40.5MCut · 0.5% → 0.3%−482,114 shares
- Shopify Inc~$29.1MCut · 0.3% → 0.3%−837,793 shares
- Baidu~$28.7MCut · 0.4% → 0.3%−251,160 shares
- Invitation Homes Inc~$24.8MCut · 0.1% → 0.0%−837,885 shares
- Progyny Inc~$24.6MCut · 0.2% → 0.1%−790,700 shares
Holdings
As of Dec 31, 2022. Changes are in shares against Sep 30, 2022, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares +0.3% · price −53.6% | 7.2% | $2.16B | −$2.48B | ||||||||
| GartnerCOM · shares −5.3% · price +21.5% | 5.5% | $1.65B | +$291.2M | ||||||||
| Costar Group IncCOM · shares −0.8% · price +11.0% | 5.0% | $1.48B | +$145.8M | ||||||||
| Arch Cap Group LtdORD · shares −0.4% · price +37.9% | 4.5% | $1.34B | +$369.2M | ||||||||
| Vail Resorts IncCOM · shares −1.5% · price +10.5% | 3.7% | $1.09B | +$104.3M | ||||||||
| FactSetCOM · shares −0.2% · price +0.3% | 3.6% | $1.08B | +$2.9M | ||||||||
| Msci IncCL A · shares −0.4% · price +10.3% | 3.4% | $1.01B | +$94.3M | ||||||||
| Idexx Labs IncCOM · shares −0.6% · price +25.2% | 3.3% | $968.3M | +$195.0M | ||||||||
| Iridium Communications IncCOM · shares −0.07% · price +15.8% | 2.5% | $745.9M | +$102.0M | ||||||||
| Schwab Charles Corp NewCOM · shares −0.2% · price +15.8% | 1.9% | $559.1M | +$76.5M | ||||||||
| Kinsale Cap Group IncCOM · shares −3.3% · price +2.4% | 1.8% | $543.2M | +$12.7M | ||||||||
| Choice Hotels Intl IncCOM · shares −0.4% · price +2.8% | 1.7% | $515.4M | +$14.3M | ||||||||
| Mettler Toledo InternationalCOM · shares −0.8% · price +33.3% | 1.7% | $493.7M | +$123.4M | ||||||||
| Ansys IncCOM · shares +3.1% · price +9.0% | 1.6% | $471.9M | +$37.7M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares −1.9% · price +11.7% | 1.6% | $466.7M | +$49.0M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −0.4% · price +17.7% | 1.6% | $462.9M | +$69.8M | ||||||||
| Bio Techne CorpCOM · shares +29% · price −12.5% | 1.5% | $457.4M | −$50.5M | ||||||||
| Guidewire SoftwareCOM · shares −3.3% · price +1.6% | 1.2% | $367.8M | +$5.8M | ||||||||
| Marriott Vacations Worldwide CCOM · shares −1.8% · price +10.4% | 1.2% | $361.2M | +$34.2M | ||||||||
| Red Rock Resorts IncCL A · shares −2.3% · price +16.8% | 1.1% | $326.7M | +$46.9M | ||||||||
| TSMCSPONSORED ADR · shares +5.4% · price +8.6% | 0.96% | $286.6M | +$21.6M | ||||||||
| Primerica IncCOM · shares −1.3% · price +14.9% | 0.93% | $276.6M | +$35.8M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −7.2% · price −4.4% | 0.85% | $253.1M | −$11.5M | ||||||||
| Morningstar IncCOM · shares −1.5% · price +2.0% | 0.82% | $245.5M | +$4.8M | ||||||||
| Penn Entertainment IncCOM · shares −5.6% · price +8.0% | 0.81% | $240.3M | +$17.7M | ||||||||
| Total · 375 positions | 100% | $29.78B | −$456.9M |
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 2022 to Q4 2022: 344 stocks held throughout, down $456.9M (−1.6%).
- Arch Cap Group Ltd+$369.2M+38%
- Gartner+$291.2M+21%
- Idexx Labs Inc+$195.0M+25%
- Costar Group Inc+$145.8M+11%
- Mettler Toledo International+$123.4M+33%
- CrowdStrike−$32.6M−36%
- ZoomInfo−$41.6M−28%
- Bio Techne Corp3:1 split−$50.5M−12%
- Rivian Automotive Inc−$54.1M−44%
- Tesla−$2.48B−54%
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 ↗ |