Ron Baron

Baron Capital

Ronald Stephen Baron is a prominent American mutual fund manager and the founder of Baron Capital, a New York City-based investment management firm. With a substantial influence in the investment community, Baron Capital focuses on long-term growth and value investing, managing approximately $49 billion in assets as of December 2025. Baron is known for his disciplined investment philosophy, emphasizing the importance of thorough research and a long-term perspective in stock selection. Baron Capital manages the Baron Funds, which are designed to achieve superior returns through a concentrated portfolio of high-quality growth companies. The firm's investment strategy revolves around identifying innovative businesses with strong management teams and sustainable competitive advantages, primarily in sectors such as technology, consumer cyclical, and healthcare. The disclosed trading record for Baron Capital reveals a dynamic approach with 200 reported transactions, including 53 position increases and 114 reductions. The firm's largest disclosed move involved trimming its position in Tesla Inc (TSLA) by approximately $927.7 million on May 15, 2026. This activity underscores a strategic adjustment in their portfolio as they navigate market conditions.

Latest Trades

CompanyValueActionChangePriceLast Price
Tesla IncTSLA$4B11.9M sharesTrimQ1 2026 13F$928M$411.95$394.46
CoStar Group, Inc.CSGP$658M16.3M sharesTrimQ1 2026 13F$653M$45.91$30.37
IDEXX Laboratories IncIDXX$918M1.6M sharesTrimQ1 2026 13F$299M$641.25$557.02
FIGS, Inc.FIGS$886M60M sharesAddQ1 2026 13F$204M$14.77$9.94
Shopify Inc Class A subordinate voting sharesSHOP$560M4.7M sharesAddQ1 2026 13F$191M$121.91$124.25
VERISK ANALYTICS IncVRSK$477M2.5M sharesAddQ1 2026 13F$185M$204.65$201.49
Clearwater Analytics Holdings, Inc.CWAN$4M154.9k sharesTrimQ1 2026 13F$185M$23.65$24.56
Morningstar IncMORN$128M759.5k sharesTrimQ1 2026 13F$141M$185.78$171.89
Microsoft CorpMSFT$27M73.8k sharesTrimQ1 2026 13F$138M$418.44$395.63
Ron Baron (Baron Capital) other Unmapped 13F securityPORTFOLIO$137M4.7M sharesOtherQ1 2026 13F$137M$29.27--
Equinix, Inc.EQIX$239M244k sharesAddQ1 2026 13F$128M$951.36$1,017.97
MSCI IncMSCI$1B2.7M sharesTrimQ1 2026 13F$126M$547.06$628.91
Gartner, Inc.IT$937M5.9M sharesTrimQ1 2026 13F$126M$183.99$133.76
Arch Capital Group LtdACGL$2B16.7M sharesTrimQ1 2026 13F$121M$95.74$98.54
Jones Lang LaSalle IncJLL$73M241.2k sharesTrimQ1 2026 13F$116M$308.21$327.91
Intapp, Inc. - Common StockINTA$55M2.1M sharesTrimQ1 2026 13F$97M$24.51$29.41
Exact Sciences CorporationEXAS$-96.9MExitQ1 2026 13F$97M$102.96$104.91
Choice Hotels International, Inc.CHH$796M7.7M sharesAddQ1 2026 13F$92M$103.42$109.96
On Holding AGONON$330M9.7M sharesAddQ1 2026 13F$79M$45.29$37.46
Blackstone Group IncBX$11M94.6k sharesTrimQ1 2026 13F$79M$116.08$124.90
Alibaba Group Holding LimitedBABA$80M635.5k sharesTrimQ1 2026 13F$77M$140.51$120.46
Primerica IncPRI$215M860k sharesTrimQ1 2026 13F$77M$254.25$310.29
CBRE Group IncCBRE$146M1.1M sharesTrimQ1 2026 13F$73M$141.12$138.39
Public StoragePSA$72M266.8k sharesOtherQ1 2026 13F$72M$291.77$314.05
DraftKings Inc.DKNG$91M4.2M sharesTrimQ1 2026 13F$70M$21.62$25.25
Hyatt Hotels Corporation Class A Common StockH$912M6.3M sharesTrimQ1 2026 13F$67M$155.57$189.65
Ron Baron (Baron Capital) add Unmapped 13F securityPORTFOLIO$87M484.8k sharesAddQ1 2026 13F$66M$180.21--
JFrog Ltd.FROG$29M620.3k sharesTrimQ1 2026 13F$64M$43.85$92.67
Ron Baron (Baron Capital) add Unmapped 13F securityPORTFOLIO$62.6MAddQ1 2026 13F$63M----
Alphabet Cl AGOOGL$110M382.6k sharesAddQ1 2026 13F$61M$314.21$370.92
Spotify Technology S.ASPOT$640M1.3M sharesAddQ1 2026 13F$61M$493.99$489.56
Red Rock Resorts, Inc.RRR$716M13.4M sharesTrimQ1 2026 13F$60M$53.36$64.94
Installed Building Products IncIBP$53M198.2k sharesTrimQ1 2026 13F$57M$301.41$224.21
LOUISIANA-PACIFIC CORPLPX$-54.5MExitQ1 2026 13F$54M--$73.44
Fair Isaac CorporationFICO$62M57.9k sharesTrimQ1 2026 13F$54M$1,261.53$1,241.22
Iron Mountain IncorporatedIRM$54M525.3k sharesOtherQ1 2026 13F$54M$90.07$121.66
Ron Baron (Baron Capital) trim Unmapped 13F securityPORTFOLIO$838k62.6k sharesTrimQ1 2026 13F$54M$13.38--
GITLAB INCGTLB$-53.5MExitQ1 2026 13F$54M--$31.76
GDS Holdings LimitedGDS$185M4.6M sharesAddQ1 2026 13F$53M$40.29$32.55
MercadoLibre IncMELI$74M42.8k sharesTrimQ1 2026 13F$51M$1,819.11$1,856.18
ICON plc - Ordinary SharesICLR$47M426.8k sharesTrimQ1 2026 13F$50M$95.34$172.08
Brookfield CorporationBN$118M2.9M sharesTrimQ1 2026 13F$49M$42.61$44.30
Masimo CorporationMASI$-48.6MExitQ1 2026 13F$49M$156.95$179.95
NVIDIA CorporationNVDA$509M2.9M sharesTrimQ1 2026 13F$48M$183.46$212.50
Guidewire Software IncGWRE$987M6.6M sharesTrimQ1 2026 13F$48M$149.56$140.54
Coupang, Inc. Class A Common StockCPNG$53M2.8M sharesTrimQ1 2026 13F$48M$18.74$17.56
ServiceTitan, Inc.TTAN$71M1.1M sharesTrimQ1 2026 13F$46M$63.46$79.46
Vertiv Holdings CoVRT$296M1.2M sharesAddQ1 2026 13F$46M$249.78$295.33
BillionToOne, Inc.BLLN$59M741.5k sharesAddQ1 2026 13F$45M$81.85$128.00
Caesars Entertainment IncCZR$43M1.6M sharesOtherQ1 2026 13F$43M$26.43$29.91
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Ronald S. Baron - Baron Capital Profile | TradingNote