13F filer · CIK 1017918 ↗
Baron Capital
You are looking at Q3 2024. See the latest, Q2 2026 →
Reported value
$37.70B
+8.0% on the quarter before
Positions
328
18 new · 19 sold out
Top 10
42.1%
of the value
Est. gain
+$3.89B
on stocks held all quarter
Est. return
+11.9%
on those stocks since Q2 2024
Positions as of Sep 30, 2024, 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 Q2 2024. Striped tiles are options.
Largest buys
Since Q2 2024, 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.
- Vornado Rlty Tr~$75.3MNew · 0.0% → 0.2%+1,912,359 shares
- Gds Hldgs Ltd~$69.3MAdded · 0.1% → 0.3%+3,397,592 shares
- Caesars Entertainment Inc Ne~$61.9MNew · 0.0% → 0.2%+1,482,755 shares
- Equinix~$45.2MAdded · 0.4% → 0.6%+50,913 shares
- Brookfield Corp~$39.9MAdded · 0.1% → 0.3%+750,726 shares
- Builders Firstsource Inc~$36.3MNew · 0.0% → 0.1%+187,444 shares
- Lowes Cos Inc~$32.8MAdded · 0.1% → 0.2%+121,058 shares
- Jd.Com Inc~$32.3MNew · 0.0% → 0.1%+808,508 shares
- Macerich Co~$27.3MAdded · 0.0% → 0.1%+1,494,145 shares
- Duolingo Inc~$25.8MNew · 0.0% → 0.1%+91,512 shares
Largest sells
Since Q2 2024, 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~$153.8MCut · 8.8% → 10.4%−587,907 shares
- West Pharmaceutical Svsc Inc~$83.8MCut · 0.7% → 0.4%−279,326 shares
- Gartner~$81.9MCut · 5.4% → 5.4%−161,535 shares
- American Tower~$81.3MCut · 0.3% → 0.1%−349,770 shares
- FactSet~$80.2MCut · 3.1% → 3.0%−174,443 shares
- PDD Holdings~$70.2MCut · 0.3% → 0.1%−520,740 shares
- Wynn Resorts Ltd~$60.7MCut · 0.2% → 0.0%−633,296 shares
- Idexx Labs Inc~$56.6MCut · 2.8% → 2.6%−112,079 shares
- Equity Residential~$54.2MCut · 0.3% → 0.1%−728,559 shares
- Floor & Decor Hldgs Inc~$52.9MCut · 0.5% → 0.4%−425,729 shares
Holdings
As of Sep 30, 2024. Changes are in shares against Jun 30, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| TeslaCOM · shares −3.8% · price +32.2% | 10.4% | $3.91B | +$951.7M | ||||||||
| Arch Cap Group LtdORD · shares −0.9% · price +10.9% | 6.2% | $2.32B | +$227.8M | ||||||||
| GartnerCOM · shares −3.9% · price +12.8% | 5.4% | $2.04B | +$232.1M | ||||||||
| Costar Group IncCOM · shares −2.5% · price +1.8% | 3.8% | $1.42B | +$24.4M | ||||||||
| Msci IncCL A · shares −2.6% · price +21.0% | 3.3% | $1.26B | +$218.3M | ||||||||
| FactSetCOM · shares −6.6% · price +12.6% | 3.0% | $1.14B | +$127.8M | ||||||||
| Guidewire SoftwareCOM · shares −1.9% · price +32.7% | 2.9% | $1.10B | +$270.7M | ||||||||
| Idexx Labs IncCOM · shares −5.5% · price +3.7% | 2.6% | $971.7M | +$34.7M | ||||||||
| Vail Resorts IncCOM · shares +2.7% · price −3.2% | 2.4% | $903.7M | −$29.5M | ||||||||
| Hyatt Hotels CorpCOM CL A · shares +1.3% · price +0.2% | 2.2% | $834.6M | +$1.5M | ||||||||
| Kinsale Cap Group IncCOM · shares −3.9% · price +20.8% | 2.2% | $812.6M | +$140.1M | ||||||||
| Choice Hotels Intl IncCOM · shares −1.1% · price +9.5% | 1.6% | $614.5M | +$53.3M | ||||||||
| Red Rock Resorts IncCL A · shares +1.0% · price −0.9% | 1.5% | $578.3M | −$5.2M | ||||||||
| Ansys IncCOM · shares −6.0% · price −0.9% | 1.4% | $513.7M | −$4.6M | ||||||||
| Schwab Charles CorpCOM · shares −1.4% · price −12.1% | 1.2% | $471.1M | −$64.6M | ||||||||
| Primerica IncCOM · shares −7.1% · price +12.1% | 1.2% | $453.9M | +$48.9M | ||||||||
| Mettler Toledo InternationalCOM · shares −2.0% · price +7.3% | 1.1% | $433.0M | +$29.5M | ||||||||
| Gaming & Leisure Pptys IncCOM · shares −1.7% · price +13.8% | 1.1% | $417.1M | +$50.6M | ||||||||
| Morningstar IncCOM · shares −0.1% · price +7.9% | 1.1% | $416.6M | +$30.4M | ||||||||
| NvidiaCOM · shares −11% · price −1.7% | 0.96% | $363.5M | −$6.3M | ||||||||
| Bio Techne CorpCOM · shares −6.9% · price +11.6% | 0.94% | $355.3M | +$36.8M | ||||||||
| VertivCOM CL A · shares −6.6% · price +14.9% | 0.94% | $353.2M | +$45.9M | ||||||||
| Verisk AnalyticsCL A · shares −1.7% · price −0.6% | 0.90% | $339.9M | −$2.0M | ||||||||
| Iridium Communications IncCOM · shares −0.6% · price +14.4% | 0.90% | $338.6M | +$42.6M | ||||||||
| Spotify Technology S ASHS · shares −0.4% · price +17.4% | 0.86% | $325.1M | +$48.3M | ||||||||
| Total · 328 positions | 100% | $37.70B | +$3.89B |
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 2024 to Q3 2024: 310 stocks held throughout, up $3.89B (+11.9%).
- Tesla+$951.7M+32%
- Guidewire Software+$270.7M+33%
- Gartner+$232.1M+13%
- Arch Cap Group Ltd+$227.8M+11%
- Msci Inc+$218.3M+21%
- Icon Plc−$25.0M−8%
- Dexcom Inc−$26.2M−41%
- Vail Resorts Inc−$29.5M−3%
- Indie Semiconductor Inc−$33.0M−35%
- Schwab Charles Corp−$64.6M−12%
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 ↗ |