13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q2 2023. See the latest, Q2 2026 →
Reported value
$36.11B
+8.4% on the quarter before
Positions
343
10 new · 27 sold out
Top 10
43.7%
of the value
Est. gain
+$2.40B
on stocks held all quarter
Est. return
+7.4%
on those stocks since Q1 2023
Positions as of Jun 30, 2023, 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, 61% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2023. Striped tiles are options.
Largest buys
Since Q1 2023, 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.
- Alibaba~$38.2MAdded · 0.7% → 0.6%+458,517 shares
- Digital Realty~$36.5MAdded · 0.0% → 0.1%+320,908 shares
- Msci Inc~$34.0MAdded · 3.7% → 2.9%+72,355 shares
- Installed Bldg Prods Inc~$26.3MAdded · 0.3% → 0.4%+187,565 shares
- Schwab Charles Corp~$24.4MAdded · 1.2% → 1.3%+429,853 shares
- Tesla~$23.5MAdded · 11.0% → 12.8%+89,919 shares
- Neogen Corp~$23.4MAdded · 0.3% → 0.4%+1,074,462 shares
- Figs Inc~$22.3MAdded · 0.4% → 0.5%+2,695,357 shares
- Booz Allen Hamilton Hldg Cor~$20.9MAdded · 0.0% → 0.1%+187,024 shares
- Equinix~$20.8MAdded · 0.4% → 0.4%+26,556 shares
Largest sells
Since Q1 2023, 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.
- TSMC~$64.3MCut · 1.2% → 1.0%−637,463 shares
- Gartner~$26.9MCut · 4.7% → 4.6%−76,862 shares
- Caesars Entertainment Inc Ne~$24.8MCut · 0.1% → 0.0%−485,962 shares
- Cohen & Steers Inc~$21.9MCut · 0.5% → 0.4%−376,974 shares
- Veeva Systems~$20.2MCut · 0.4% → 0.3%−102,407 shares
- Viewray Inc~$17.6MSold out · 0.1% → 0.0%−5,100,929 shares
- Tenaris S A~$17.0MCut · 0.1% → 0.0%−566,958 shares
- Hillman Solutions Corp~$16.8MSold out · 0.1% → 0.0%−2,000,000 shares
- Rivian Automotive Inc~$16.1MCut · 0.1% → 0.1%−968,101 shares
- Douglas Emmett Inc~$16.0MCut · 0.3% → 0.2%−1,275,966 shares
Holdings
As of Jun 30, 2023. Changes are in shares against Mar 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares +0.5% · price +26.2% | 12.8% | $4.63B | +$956.2M | ||||||||
| Costar Group IncCOM · shares +0.7% · price +29.3% | 4.7% | $1.70B | +$382.2M | ||||||||
| GartnerCOM · shares −1.6% · price +7.5% | 4.6% | $1.65B | +$115.8M | ||||||||
| Arch Cap Group LtdORD · shares +0.03% · price +10.3% | 4.4% | $1.59B | +$148.6M | ||||||||
| Idexx Labs IncCOM · shares +0.9% · price +0.4% | 3.3% | $1.19B | +$5.1M | ||||||||
| Vail Resorts IncCOM · shares +0.9% · price +7.7% | 3.3% | $1.18B | +$83.7M | ||||||||
| FactSetCOM · shares +1.6% · price −3.5% | 3.0% | $1.10B | −$39.0M | ||||||||
| Msci IncCL A · shares +3.3% · price −16.2% | 2.9% | $1.05B | −$196.4M | ||||||||
| Iridium Communications IncCOM · shares +0.6% · price +0.3% | 2.5% | $902.3M | +$2.7M | ||||||||
| Kinsale Cap Group IncCOM · shares −0.9% · price +24.7% | 2.1% | $769.4M | +$152.2M | ||||||||
| Ansys IncCOM · shares +1.5% · price −0.8% | 1.8% | $657.5M | −$5.0M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares +3.4% · price +2.5% | 1.7% | $610.0M | +$14.4M | ||||||||
| Choice Hotels Intl IncCOM · shares +1.2% · price +0.3% | 1.5% | $543.7M | +$1.5M | ||||||||
| Guidewire SoftwareCOM · shares +1.6% · price −7.3% | 1.3% | $471.8M | −$36.5M | ||||||||
| Schwab Charles CorpCOM · shares +5.6% · price +8.2% | 1.3% | $456.8M | +$32.8M | ||||||||
| Bio Techne CorpCOM · shares +0.02% · price +10.0% | 1.2% | $439.2M | +$40.0M | ||||||||
| Mettler Toledo InternationalCOM · shares −0.06% · price −14.3% | 1.2% | $439.2M | −$73.2M | ||||||||
| Red Rock Resorts IncCL A · shares +5.0% · price +5.0% | 1.2% | $416.1M | +$18.7M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −0.5% · price −6.9% | 1.1% | $408.3M | −$30.3M | ||||||||
| West Pharmaceutical Svsc IncCOM · shares −0.4% · price +10.4% | 1.1% | $405.6M | +$38.2M | ||||||||
| Primerica IncCOM · shares −0.03% · price +14.8% | 1.1% | $385.0M | +$49.7M | ||||||||
| TSMCSPONSORED ADR · shares −15% · price +8.5% | 1.0% | $367.7M | +$28.8M | ||||||||
| Marriott Vacations WorldwideCOM · shares +2.5% · price −9.0% | 0.97% | $350.4M | −$33.8M | ||||||||
| Verisk AnalyticsCL A · shares +2.9% · price +17.8% | 0.84% | $304.0M | +$44.6M | ||||||||
| Floor & Decor Hldgs IncCL A · shares −4.7% · price +5.8% | 0.71% | $255.6M | +$14.1M | ||||||||
| Total · 343 positions | 100% | $36.11B | +$2.40B |
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 Q1 2023 to Q2 2023: 333 stocks held throughout, up $2.40B (+7.4%).
- Tesla+$956.2M+26%
- Costar Group Inc+$382.2M+29%
- Kinsale Cap Group Inc+$152.2M+25%
- Arch Cap Group Ltd+$148.6M+10%
- Gartner+$115.8M+8%
- FactSet−$39.0M−3%
- Penn Entertainment Inc−$41.9M−19%
- Alibaba−$42.4M−18%
- Mettler Toledo International−$73.2M−14%
- Msci Inc−$196.4M−16%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
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 ↗ |