BFGFX

Baron Focused Growth Fund

Baron Select FundsLarge growth

Share classes: BFGFX, BFGIX, BFGUX

Run by Baron Capital, Ron Baron's firm.

Net assets: $5.6B
Stocks held: 28
As of: Jun 30, 2026; N-PORT filed with the SEC
In its top 10: 66%; of net assets
Active share: 95%; different from Russell 1000 Growth

Largest holdings

SPCX28.1%TSLA6.3%MSCI4.9%SHOP4.5%H4.2%

SPOT4.1%

IBKR3.8%

BIRK3.4%

MTN3.1%RRR3.1%VRSK3.0%GWRE2.9%ABNB2.9%

ONON2.9%

Company	Of net assets, over time	Share of Russell 1000 Growth
SPCXSpaceX		0.24%
TSLATesla		3.65%
MSCIMSCI		0.01%
SHOPShopify		0.00%
HHyatt Hotels		0.02%
SPOTSpotify Technology		0.22%
IBKRInteractive Brokers		0.04%
BIRKBirkenstock		0.00%
MTNVail Resorts		0.01%
RRRRed Rock Resorts		0.00%
VRSKVerisk Analytics		0.00%
GWREGuidewire Software		0.02%
ABNBAirbnb		0.18%
ONONOn		0.02%
IDXXIDEXX Laboratories		0.10%
FDSFactset Research Systems		0.00%
ITGartner		0.03%
CHHChoice Hotels International		0.01%
LVSLas Vegas Sands		0.04%
MORNMorningstar		0.00%
IOTSamsara		0.03%
ACGLArch Capital		0.00%
FIGSFIGS		0.00%
JEFJefferies Financial		0.00%
LYVLive Nation Entertainment		0.09%

Its bets against Russell 1000 Growth

Each stock's weight of the fund's net assets less its weight in the Russell 1000 Growth, in points.

Holds much more than the index

SPCXSpaceX+27.9 pts
MSCIMSCI+4.9 pts
SHOPShopify+4.5 pts
HHyatt Hotels+4.2 pts
SPOTSpotify Technology+3.9 pts
IBKRInteractive Brokers+3.8 pts

Holds much less, or none

NVDANVIDIA−13.8 pts
GOOGAlphabet−11.2 pts
AAPLApple−6.7 pts
AVGOBroadcom−5.2 pts
MSFTMicrosoft−4.1 pts
MUMicron Technology−3.9 pts

About these numbers

Holdings from the fund's N-PORT report to the SEC, public 60 days after the report date. Every weight is a percent of the fund's net assets, as the fund publishes it, and active weights are that less the index's weight. Only stocks are listed, so cash, bonds and derivatives are not, and a fund that borrows can hold stocks worth more than its net assets. Active share compares the fund's stocks alone with the index.