
	Ron Baron 13F
	Baron Funds

	Last update 2025-01-03	328 Stocks (18 new)
	Value $37.70 Bil	Turnover 3 %
	Countries: Top Holdings: TSLA(10.36%)ACGL(6.15%)IT(5.41%)CSGP(3.76%)MSCI(3.34%) Portfolio Report

Ron Baron Profile

Ron Baron is the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Baron graduated from Bucknell University with a B.A. in Chemistry, and later attended George Washington University Law School in the evenings.

Ron Baron Investing Philosophy

Ron Baron invests primarily in small and mid-size growth companies. He likes companies with open-ended growth opportunities and defensible niches. He applies a bottom-up company research, invests for the long-term, and tries to purchase companies at what he believes are attractive prices. He invests in growth companies using a value-oriented purchase discipline. Baron ignores short-term market fluctuations when he believes the fundamental reasons for purchasing a company have not changed. He holds investments for longer than five years on average.

Ron Baron Portfolio and Latest Trades

Ticker
Ticker
TSLA
VAC
BIRK
PENN
TSLA
TSLA
BYD
TSM
VAC
TSM
IDXX
BABA
NVDA
WST
TOL
VRT
INTA
IT
VRT
IRDM
ANSS
IT
IT
PDD
VNO
FDS
PDD
GDS
AMT
AXNX
SBAC
TSM
AAPL
AVB
ONON
WYNN
CZR
IDXX
BIDU
EQR
ARGX
NVDA
CRWD
ZI
KNSL
AMT
WYNN
PLD
MASI
WST
SCHW
EQR
NVDA
SPOT
AXNX
DXCM
MTN
MRNA
IBP
SCHW
MRNA
FND
CZR
AMT
FND
DNUT
PGNY
IT
TRU
EQIX
TSM
IBTA
SBAC
DEI
MGM
PWR
MTN
FOXF
TREX
MLM
FIS
BABA
TME
RGEN
BN
RRR
ALAB
AVB
BIDU
GOOG
VMC
ANSS
VRSN
DLR
WST
BIDU
ILMN
SHOP
SILK
VRSN

Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
TSLA	Tesla Inc	2024-06-30	Reduce	-0.80%	● 142.05 ($174.77) 197.88	$394.74	125.86%	Reduce -9.88%	15,516,436	-1,701,359
VAC	Marriott Vacations Worldwide Corp	2023-12-31	Reduce	-0.38%	● 72.9 ($85.33) 99.12	$83.20	-2.50%	Reduce -46.96%	1,447,205	-1,281,447
BIRK	Birkenstock Holding PLC	2023-12-31	New Buy	+0.38%	● 36.38 ($43.3) 50.06	$56.60	30.72%	New holding	2,934,001	2,934,001
PENN	PENN Entertainment Inc	2024-03-31	Reduce	-0.34%	● 16.6 ($20.65) 25.95	$19.19	-7.07%	Reduce -93.13%	353,399	-4,789,345
TSLA	Tesla Inc	2024-09-30	Reduce	-0.33%	● 191.76 ($228.05) 263.26	$394.74	73.09%	Reduce -3.79%	14,928,529	-587,907
TSLA	Tesla Inc	2024-03-31	Reduce	-0.32%	● 162.5 ($195.37) 248.42	$394.74	102.05%	Reduce -2.77%	17,217,795	-490,694
BYD	Boyd Gaming Corp	2024-06-30	Reduce	-0.32%	● 50.36 ($57.08) 67.67	$71.08	24.53%	Reduce -94.32%	107,963	-1,791,381
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2024-03-31	Reduce	-0.30%	● 99.13 ($124.2) 149.2	$208.37	67.77%	Reduce -50.71%	1,066,264	-1,096,791
VAC	Marriott Vacations Worldwide Corp	2024-03-31	Reduce	-0.30%	● 81.79 ($90.3) 107.73	$83.20	-7.86%	Reduce -90.22%	141,526	-1,305,679
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2023-09-30	Reduce	-0.30%	● 84.29 ($94.56) 105.57	$208.37	120.36%	Reduce -29.46%	2,569,980	-1,073,460
IDXX	IDEXX Laboratories Inc	2024-03-31	Reduce	-0.29%	● 515.08 ($546.49) 576.87	$418.05	-23.50%	Reduce -8.48%	2,104,951	-195,066
BABA	Alibaba Group Holding Ltd	2023-12-31	Reduce	-0.27%	● 71.37 ($79.68) 87.78	$80.53	1.07%	Reduce -39.02%	1,649,689	-1,055,759
NVDA	NVIDIA Corp	2024-06-30	Reduce	-0.27%	● 76.2 ($101.1) 135.58	$135.91	34.43%	Reduce -24.86%	3,352,471	-1,109,189
WST	West Pharmaceutical Services Inc	2024-09-30	Reduce	-0.26%	● 277.16 ($306.25) 333.3	$331.73	8.32%	Reduce -36.6%	483,842	-279,326
TOL	Toll Brothers Inc	2024-06-30	Reduce	-0.25%	● 112.21 ($121.04) 134.92	$123.54	2.07%	Reduce -39.91%	1,077,864	-715,926
VRT	Vertiv Holdings Co	2024-03-31	Reduce	-0.24%	● 45.57 ($62.83) 82.67	$128.93	105.20%	Reduce -28.15%	4,850,000	-1,900,000
INTA	Intapp Inc	2024-03-31	New Buy	+0.24%	● 33.18 ($39.29) 45.09	$67.05	70.65%	New holding	2,583,231	2,583,231
IT	Gartner Inc	2023-12-31	Reduce	-0.23%	● 325.76 ($399.48) 466.05	$489.00	22.41%	Reduce -4.94%	4,426,192	-230,195
VRT	Vertiv Holdings Co	2024-06-30	Reduce	-0.23%	● 75.01 ($91.04) 106.17	$128.93	41.62%	Reduce -21.65%	3,800,000	-1,050,000
IRDM	Iridium Communications Inc	2024-03-31	Reduce	-0.23%	● 25.59 ($32.53) 40.58	$28.31	-12.97%	Reduce -15.09%	11,925,775	-2,120,000
ANSS	Ansys Inc	2024-03-31	Reduce	-0.22%	● 327.42 ($338.5) 357.79	$337.81	-0.20%	Reduce -11.62%	1,756,370	-231,030
IT	Gartner Inc	2024-03-31	Reduce	-0.21%	● 425.37 ($460.24) 483.11	$489.00	6.25%	Reduce -3.96%	4,250,733	-175,459
IT	Gartner Inc	2024-09-30	Reduce	-0.21%	● 441.32 ($480.74) 516.47	$489.00	1.72%	Reduce -3.86%	4,022,384	-161,535
PDD	PDD Holdings Inc	2023-12-31	New Buy	+0.20%	● 97.9 ($121.27) 150.09	$94.68	-21.93%	New holding	504,774	504,774
VNO	Vornado Realty Trust	2024-09-30	New Buy	+0.20%	● 25.5 ($32.17) 39.4	$37.75	17.35%	New holding	1,912,359	1,912,359
FDS	FactSet Research Systems Inc	2024-09-30	Reduce	-0.20%	● 397.04 ($424.67) 469.48	$453.02	6.68%	Reduce -6.58%	2,478,027	-174,443
PDD	PDD Holdings Inc	2024-09-30	Reduce	-0.20%	● 89.17 ($122.88) 151.11	$94.68	-22.95%	Reduce -73.75%	185,362	-520,740
GDS	GDS Holdings Ltd	2024-09-30	Add	+0.19%	● 9.3 ($14.14) 21.53	$26.75	89.18%	Add 128.55%	6,040,555	3,397,592
AMT	American Tower Corp	2024-09-30	Reduce	-0.19%	● 192.27 ($221.73) 242.83	$173.46	-21.77%	Reduce -64.48%	192,717	-349,770
AXNX	Axonics Inc	2024-03-31	Reduce	-0.19%	● 56.67 ($67.47) 69.36	$70.98	5.20%	Reduce -61.81%	686,565	-1,111,398
SBAC	SBA Communications Corp	2023-03-31	Reduce	-0.18%	● 240.12 ($275.19) 308.09	$192.76	-29.95%	Reduce -25.4%	560,491	-190,805
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2023-06-30	Reduce	-0.18%	● 82.25 ($93.07) 107.41	$208.37	123.89%	Reduce -14.89%	3,643,440	-637,463
AAPL	Apple Inc	2024-06-30	Add	+0.18%	● 165 ($186.49) 216.67	$236.85	27.00%	Add 14788.45%	300,300	298,283
AVB	AvalonBay Communities Inc	2024-06-30	Add	+0.18%	● 178.98 ($193.33) 206.89	$210.77	9.02%	Add 582.86%	347,164	296,324
ONON	On Holding AG	2023-09-30	Add	+0.17%	● 26.06 ($31.65) 36.51	$56.63	78.93%	Add 243.04%	3,028,002	2,145,318
WYNN	Wynn Resorts Ltd	2024-09-30	Reduce	-0.16%	● 73.55 ($80.39) 97.62	$81.15	0.95%	Reduce -86.07%	102,516	-633,296
CZR	Caesars Entertainment Inc	2024-09-30	New Buy	+0.16%	● 33.2 ($37.5) 41.74	$31.43	-16.19%	New holding	1,482,755	1,482,755
IDXX	IDEXX Laboratories Inc	2024-09-30	Reduce	-0.16%	● 455.08 ($485.8) 517.06	$418.05	-13.95%	Reduce -5.51%	1,923,258	-112,079
BIDU	Baidu Inc	2023-03-31	Reduce	-0.16%	● 119.13 ($141.83) 160.22	$77.43	-45.41%	Reduce -56.01%	325,255	-414,157
EQR	Equity Residential	2024-06-30	Add	+0.16%	● 59.68 ($65.07) 69.34	$66.98	2.94%	Add 143.05%	1,416,757	833,839
ARGX	argenx SE	2023-03-31	Reduce	-0.15%	● 334.23 ($370.17) 403.65	$656.26	77.29%	Reduce -31.66%	248,955	-115,331
NVDA	NVIDIA Corp	2024-03-31	Reduce	-0.15%	● 47.57 ($72.48) 95	$135.91	87.51%	Reduce -19.88%	4,461,660	-110,715
CRWD	CrowdStrike Holdings Inc	2024-09-30	Reduce	-0.15%	● 217.89 ($284.07) 392.15	$348.84	22.80%	Reduce -50.37%	133,345	-135,352
ZI	ZoomInfo Technologies Inc	2023-09-30	Reduce	-0.15%	● 15.73 ($20.44) 28.95	$9.43	-53.86%	Reduce -66.44%	1,065,834	-2,110,236
KNSL	Kinsale Capital Group Inc	2024-06-30	Reduce	-0.15%	● 358 ($405.98) 512.65	$416.48	2.59%	Reduce -5.46%	1,816,122	-104,798
AMT	American Tower Corp	2023-12-31	Add	+0.14%	● 157.68 ($188.99) 217.16	$173.46	-8.22%	Add 497.05%	292,913	243,853
WYNN	Wynn Resorts Ltd	2023-03-31	New Buy	+0.14%	● 85.61 ($104.59) 115.83	$81.15	-22.41%	New holding	419,413	419,413
PLD	Prologis Inc	2024-06-30	Reduce	-0.14%	● 101.88 ($110.77) 127.92	$103.59	-6.48%	Reduce -44.85%	497,301	-404,359
MASI	Masimo Corp	2024-03-31	New Buy	+0.14%	● 109.17 ($129.12) 146.85	$166.42	28.89%	New holding	345,800	345,800
WST	West Pharmaceutical Services Inc	2024-06-30	Reduce	-0.14%	● 314.68 ($353.4) 395.94	$331.73	-6.13%	Reduce -14.44%	763,168	-128,777
SCHW	Charles Schwab Corp	2023-03-31	Add	+0.14%	● 51.91 ($73.23) 85.62	$72.77	-0.63%	Add 13.63%	7,630,034	915,388
EQR	Equity Residential	2024-09-30	Reduce	-0.14%	● 67.19 ($72.22) 78.08	$66.98	-7.26%	Reduce -51.42%	688,198	-728,559
NVDA	NVIDIA Corp	2024-09-30	Reduce	-0.13%	● 98.91 ($118.12) 134.91	$135.91	15.06%	Reduce -10.71%	2,993,580	-358,891
SPOT	Spotify Technology SA	2024-03-31	Add	+0.13%	● 187.94 ($234.88) 270.35	$459.53	95.64%	Add 28.34%	864,584	190,931
AXNX	Axonics Inc	2024-06-30	Sold Out	-0.13%	● 66.47 ($67.36) 69.65	$70.98	5.37%	Sold Out	0	-686,565
DXCM	DexCom Inc	2024-09-30	Reduce	-0.13%	● 64 ($82.12) 116.06	$77.76	-5.31%	Reduce -41.56%	564,854	-401,618
MTN	Vail Resorts Inc	2024-06-30	Add	+0.13%	● 173.94 ($198.87) 232.25	$179.41	-9.79%	Add 5.29%	5,048,808	253,521
MRNA	Moderna Inc	2023-09-30	Add	+0.13%	● 96.41 ($111.55) 126.61	$42.25	-62.12%	Add 4863.59%	426,869	418,269
IBP	Installed Building Products Inc	2023-03-31	Reduce	-0.13%	● 87.76 ($107.74) 120.83	$172.00	59.64%	Reduce -35.31%	823,210	-449,262
SCHW	Charles Schwab Corp	2024-03-31	Reduce	-0.13%	● 61.89 ($65.86) 72.38	$72.77	10.49%	Reduce -8.56%	7,432,213	-695,325
MRNA	Moderna Inc	2023-12-31	Reduce	-0.13%	● 69.51 ($84.11) 104.43	$42.25	-49.77%	Reduce -98.24%	7,500	-419,369
FND	Floor & Decor Holdings Inc	2024-03-31	Reduce	-0.13%	● 100.56 ($113.54) 133.75	$95.02	-16.31%	Reduce -18.84%	1,832,533	-425,360
CZR	Caesars Entertainment Inc	2023-03-31	New Buy	+0.12%	● 42.09 ($49.01) 54.99	$31.43	-35.87%	New holding	833,301	833,301
AMT	American Tower Corp	2024-06-30	Add	+0.12%	● 171 ($186.91) 200.41	$173.46	-7.20%	Add 66.49%	542,487	216,655
FND	Floor & Decor Holdings Inc	2024-09-30	Reduce	-0.12%	● 89.87 ($103.96) 124.17	$95.02	-8.60%	Reduce -25.36%	1,252,755	-425,729
DNUT	Krispy Kreme Inc	2023-09-30	Add	+0.12%	● 12.35 ($13.97) 15.95	$9.26	-33.72%	Add 59.5%	9,221,657	3,439,948
PGNY	Progyny Inc	2023-03-31	Sold Out	-0.12%	● 28.16 ($33.03) 38.23	$18.76	-43.20%	Sold Out	0	-1,163,928
IT	Gartner Inc	2023-03-31	Reduce	-0.12%	● 302.49 ($330.57) 352.89	$489.00	47.93%	Reduce -2.09%	4,796,458	-102,330
TRU	TransUnion	2023-12-31	Reduce	-0.12%	● 43.3 ($60.89) 72.01	$86.74	42.45%	Reduce -36.66%	1,002,672	-580,254
EQIX	Equinix Inc	2024-09-30	Add	+0.12%	● 749 ($819.02) 890.01	$899.83	9.87%	Add 26.63%	242,133	50,913
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2023-03-31	Add	+0.12%	● 74.03 ($89.76) 97.96	$208.37	132.14%	Add 11.27%	4,280,903	433,498
IBTA	Ibotta Inc	2024-06-30	New Buy	+0.11%	● 66.57 ($93.18) 109.9	$67.49	-27.57%	New holding	517,112	517,112
SBAC	SBA Communications Corp	2023-12-31	Reduce	-0.11%	● 189.44 ($224.52) 254.25	$192.76	-14.15%	Reduce -53.62%	165,459	-191,257
DEI	Douglas Emmett Inc	2023-03-31	Add	+0.11%	● 10.84 ($14.51) 17.7	$16.16	11.37%	Add 53.57%	8,272,165	2,885,603
MGM	MGM Resorts International	2024-06-30	Reduce	-0.11%	● 38.53 ($41.8) 47.78	$31.87	-23.76%	Reduce -40.68%	1,246,347	-854,718
PWR	Quanta Services Inc	2023-03-31	New Buy	+0.11%	● 135.57 ($153.75) 166.64	$313.48	103.89%	New holding	216,686	216,686
MTN	Vail Resorts Inc	2023-12-31	Add	+0.11%	● 206.52 ($219.12) 230.16	$179.41	-18.12%	Add 4.21%	4,920,015	198,801
FOXF	Fox Factory Holding Corp	2023-12-31	Add	+0.11%	● 55.02 ($72.96) 97.8	$27.82	-61.87%	Add 227.27%	900,000	625,000
TREX	Trex Co Inc	2023-03-31	Reduce	-0.11%	● 43.7 ($50.58) 57.56	$64.57	27.66%	Reduce -22.49%	2,722,862	-790,063
MLM	Martin Marietta Materials Inc	2024-06-30	New Buy	+0.11%	● 534.99 ($581.17) 621.53	$508.71	-12.47%	New holding	69,085	69,085
FIS	Fidelity National Information Services Inc	2023-03-31	Reduce	-0.11%	● 49.7 ($65.09) 77.81	$77.13	18.50%	Reduce -89.35%	56,972	-477,935
BABA	Alibaba Group Holding Ltd	2023-06-30	Add	+0.11%	● 78.67 ($87.76) 102.74	$80.53	-8.24%	Add 20.36%	2,710,165	458,517
TME	Tencent Music Entertainment Group	2024-03-31	New Buy	+0.11%	● 8.42 ($9.81) 11.69	$10.74	9.48%	New holding	3,651,224	3,651,224
RGEN	Repligen Corp	2023-03-31	Add	+0.11%	● 154.26 ($178.42) 198.1	$154.86	-13.20%	Add 2469.47%	220,974	212,374
BN	Brookfield Corp	2023-09-30	Reduce	-0.11%	● 31.27 ($33.79) 36.1	$54.91	62.50%	Reduce -35.87%	2,128,697	-1,190,644
RRR	Red Rock Resorts Inc	2023-09-30	Add	+0.11%	● 40.23 ($45.21) 50.83	$43.19	-4.47%	Add 10.83%	9,856,963	962,841
ALAB	Astera Labs Inc	2024-06-30	Sold Out	-0.10%	● 55.6 ($69.36) 85.7	$129.70	87.00%	Sold Out	0	-500,000
AVB	AvalonBay Communities Inc	2024-09-30	Reduce	-0.10%	● 200.95 ($216) 234.75	$210.77	-2.42%	Reduce -48.84%	177,611	-169,553
BIDU	Baidu Inc	2024-06-30	Reduce	-0.10%	● 86.48 ($100.48) 113.41	$77.43	-22.94%	Reduce -45.87%	396,819	-336,327
GOOG	Alphabet Inc	2023-03-31	Reduce	-0.10%	● 86.77 ($96.56) 108.8	$193.17	100.05%	Reduce -54.36%	280,757	-334,360
VMC	Vulcan Materials Co	2024-06-30	Add	+0.10%	● 244.64 ($258.41) 272.07	$251.69	-2.60%	Add 109.29%	264,703	138,229
ANSS	Ansys Inc	2024-09-30	Reduce	-0.10%	● 296.54 ($317.92) 331.25	$337.81	6.26%	Reduce -6.01%	1,612,262	-103,181
VRSN	VeriSign Inc	2024-06-30	Reduce	-0.10%	● 168.32 ($178.18) 191.42	$207.08	16.22%	Reduce -47.88%	201,366	-185,014
DLR	Digital Realty Trust Inc	2023-06-30	Add	+0.10%	● 86.49 ($98.93) 113.87	$173.34	75.21%	Add 572.76%	376,936	320,908
WST	West Pharmaceutical Services Inc	2024-03-31	Reduce	-0.10%	● 338.27 ($369.91) 413	$331.73	-10.32%	Reduce -10.61%	891,945	-105,876
BIDU	Baidu Inc	2024-09-30	Sold Out	-0.10%	● 81.01 ($88.32) 105.29	$77.43	-12.33%	Sold Out	0	-396,819
ILMN	Illumina Inc	2023-09-30	Reduce	-0.10%	● 128.91 ($169.02) 192.44	$136.69	-19.13%	Reduce -48.87%	210,010	-200,733
SHOP	Shopify Inc	2023-03-31	Reduce	-0.10%	● 35.68 ($44) 53.63	$103.71	135.70%	Reduce -30.9%	1,843,388	-824,371
SILK	Silk Road Medical Inc	2024-09-30	Sold Out	-0.10%	● 26.95 ($27.15) 27.5	$27.49	1.25%	Sold Out	0	-1,279,115
VRSN	VeriSign Inc	2024-03-31	Reduce	-0.10%	● 187.1 ($196.51) 206.35	$207.08	5.38%	Reduce -32.72%	386,380	-187,894

100/Page

Total 2062

Ron Baron News

Discussions on Ron Baron

No discussions yet.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.