Ron Baron's portfolio
Long-term growth at reasonable price; compounders held for decades.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Space Exploration Techn-Cl ASPCX$24.9B
- Blackstone Digital Infrastructure TrustBXDC$165M
- ModernaMRNA$139M
- MeritageMTH$112M
- Cerebras Systems Inc. Class A Common StockCBRS$65M
- Fortune Brands InnovationsFBIN$64M
- Shake ShackSHAK$58M
- Dpc HoldingsDPC$51M
- Applied Aerospace & DefenseAADX$50M
- Madison Air SolutionsMAIR$46M
Added to
- TeslaTSLA$5.3B
- MSCIMSCI$1.8B
- Hyatt HotelsH$1.4B
- ShopifySHOP$1.3B
- Spotify Technology SASPOT$1.1B
- Guidewire SoftwareGWRE$1.1B
- Charles SchwabSCHW$1.1B
- Red Rock ResortsRRR$1.1B
- IDEXX LaboratoriesIDXX$1.0B
- Choice Hotels InternationalCHH$1.0B
Trimmed
- Vertiv HoldingsVRT$328M
- WelltowerWELL$280M
- SiteOne Landscape SupplySITE$232M
- Forgent Power SolutionsFPS$227M
- Quanta ServicesPWR$227M
- EquinixEQIX$204M
- BroadcomAVGO$194M
- PrimericaPRI$191M
- NovantaNOVT$138M
- DatadogDDOG$132M
Sold out
None this quarter.
Holdings
345 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Space Exploration Techn-Cl ASPCX | 37.38% | $24.9B | 145,775,147 | New |
| TeslaTSLA | 7.91% | $5.3B | 12,524,752 | Added |
| MSCIMSCI | 2.70% | $1.8B | 3,211,753 | Added |
| Arch Cap Group | 2.31% | $1.5B | 15,872,450 | Held |
| Hyatt HotelsH | 2.12% | $1.4B | 7,279,087 | Added |
| ShopifySHOP | 1.91% | $1.3B | 11,155,546 | Added |
| Spotify Technology SASPOT | 1.68% | $1.1B | 2,433,114 | Added |
| Guidewire SoftwareGWRE | 1.66% | $1.1B | 8,994,456 | Added |
| Charles SchwabSCHW | 1.61% | $1.1B | 11,655,694 | Added |
| Red Rock ResortsRRR | 1.60% | $1.1B | 16,391,131 | Added |
| IDEXX LaboratoriesIDXX | 1.56% | $1.0B | 1,976,778 | Added |
| Choice Hotels InternationalCHH | 1.54% | $1.0B | 9,328,354 | Added |
| GartnerIT | 1.48% | $985M | 7,601,009 | Added |
| FactSet Research SystemsFDS | 1.45% | $967M | 4,200,856 | Added |
| Vail ResortsMTN | 1.33% | $890M | 6,536,697 | Added |
| Kinsale CapitalKNSL | 1.32% | $879M | 2,663,958 | Added |
| Verisk AnalyticsVRSK | 1.27% | $844M | 4,702,605 | Added |
| Birkenstock HoldingBIRK | 0.95% | $634M | 14,739,609 | Added |
| FigsFIGS | 0.92% | $613M | 59,959,449 | Held |
| CoStarCSGP | 0.92% | $612M | 21,626,763 | Added |
| On Hldg Ag | 0.90% | $600M | 16,929,770 | Held |
| NVIDIANVDA | 0.89% | $593M | 2,965,306 | Added |
| MorningstarMORN | 0.82% | $546M | 3,499,146 | Added |
| Amazon.comAMZN | 0.70% | $466M | 1,956,523 | Added |
| Interactive BrokersIBKR | 0.63% | $418M | 4,807,214 | Added |
| Vertiv HoldingsVRT | 0.49% | $328M | 979,821 | Trimmed |
| Taiwan Semiconductor ManufacturingTSM | 0.48% | $319M | 667,698 | Added |
| Amphenol | 0.42% | $282M | 1,598,059 | Held |
| WelltowerWELL | 0.42% | $280M | 1,232,060 | Trimmed |
| SamsaraIOT | 0.38% | $256M | 7,881,752 | Added |
| AirbnbABNB | 0.38% | $252M | 1,758,065 | Added |
| SiteOne Landscape SupplySITE | 0.35% | $232M | 2,028,799 | Trimmed |
| Forgent Power SolutionsFPS | 0.34% | $227M | 4,072,575 | Trimmed |
| Quanta ServicesPWR | 0.34% | $227M | 315,789 | Trimmed |
| EquinixEQIX | 0.31% | $204M | 195,637 | Trimmed |
| LoarLOAR | 0.30% | $203M | 2,523,332 | Added |
| Alphabet Inc Class AGOOGL | 0.29% | $195M | 546,232 | Added |
| BroadcomAVGO | 0.29% | $194M | 514,536 | Trimmed |
| Alphabet Inc Class CGOOG | 0.29% | $191M | 541,579 | Added |
| PrimericaPRI | 0.29% | $191M | 671,453 | Trimmed |
| Mettler-Toledo InternationalMTD | 0.27% | $177M | 138,464 | Added |
| Las Vegas SandsLVS | 0.26% | $175M | 3,784,278 | Added |
| Eli Lilly andLLY | 0.25% | $169M | 140,540 | Added |
| Toll BrothersTOL | 0.25% | $166M | 1,009,102 | Added |
| Blackstone Digital Infrastructure TrustBXDC | 0.25% | $165M | 7,620,555 | New |
| Enpro IndustriesNPO | 0.23% | $151M | 399,482 | Added |
| Heico Corp-Class AHEI/A | 0.22% | $145M | 562,662 | Added |
| ModernaMRNA | 0.21% | $139M | 1,989,386 | New |
| NovantaNOVT | 0.21% | $138M | 850,494 | Trimmed |
| DatadogDDOG | 0.20% | $132M | 508,356 | Trimmed |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Ron Baron own?
In the Q2 2026 13F, Baron Capital (BAMCO) reported 345 US stock positions worth $66.6B. The largest: Space Exploration Techn-Cl A (SPCX) 37.4%, Tesla (TSLA) 7.9%, MSCI (MSCI) 2.7%, Arch Cap Group 2.3%, Hyatt Hotels (H) 2.1%.
What did Ron Baron buy last quarter?
In Q2 2026: new position in Space Exploration Techn-Cl A (SPCX); new position in Blackstone Digital Infrastructure Trust (BXDC); new position in Moderna (MRNA); added to Tesla (TSLA); added to MSCI (MSCI); added to Hyatt Hotels (H).
When is Ron Baron's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.