Baron Focused Growth Fund

S000022521BARON SELECT FUNDSCIK 0001217673

Share classes

3 classes of this one portfolio · 0 exchange-listed

Class ID	Symbol	Status	Security in the master	Type
C000065146	BFGFX	NOT_LISTED	not exchange-listed	—
C000077806	BFGIX	NOT_LISTED	not exchange-listed	—
C000174761	BFGUX	NOT_LISTED	not exchange-listed	—

The share-class bridge is a snapshot, not history. The SEC's fund share-class file says what each class trades as today, not what it traded as at a past report date. A fund that changed ticker or converted from a mutual fund resolves to its present-day symbol for every historical month shown.

Share classes

Report period

1 period filed. Holdings below describe the selected month only.

2026-03-31

Filing

NPORT-P · filed 2026-05-22

Report date: 2026-03-31
Net assets: $3,862,423,746.75
Total assets: $3,862,575,187.65
Total liabilities: $151,440.9
Assets invested: $0
Cash not reported in C or D: $16,052,925.07
Amendment: No
Accession: 0001410368-26-049929

By asset category

N-PORT Item C.4.a

ECEquity - common$3.55B92.6%

EPEquity - preferred$282.59M7.4%

By asset category

By issuer category

N-PORT Item C.4.b

CORPCorporate$3.83B100.0%

By issuer category

By investment country

as filed

USUS$3.22B84.1%

LULU$149.26M3.9%

CHCH$135.33M3.5%

JEJE$117.36M3.1%

CACA$113.28M3.0%

BMBM$95.04M2.5%

By country

Classification look-through

Positions resolved to the master through ISIN, then rolled up through the taxonomy. 75.4% of reported value reaches a classification.

Equity · Consumer Discretionary(12)$1.30B34.1%

Not resolved to the master(7)$826.12M21.6%

Equity · Financials(5)$647.08M16.9%

Equity · Information Technology(5)$479.08M12.5%

Equity · Communication Services(1)$149.26M3.9%

Equity · Health Care(1)$134.24M3.5%

Resolved, not yet classified(1)$117.36M3.1%

Equity · Industrials(1)$113.66M3.0%

Equity · Real Estate(1)$59.13M1.5%

Classification covers part of the master. 5,771 of 13,106 active securities are classified. Anything unclassified is shown as its own band rather than dropped, so a look-through total that falls short of 100% is telling you about coverage, not about the fund.

Percentages are of the reported value of positions above ($3.83B), not of the fund’s net assets ($3.86B). The two differ by cash, derivatives filed with no market value, and rounding.

Classification look-through

Holdings

34 positions in this filing

Issuer nameAsset categoryIssuer category

Holdings

Issuer↕	In master	CUSIP / ISIN	Asset	Balance↕	Value↕	Weight▲	Country
NEURALINK CORP	—	000000000 —	EP CORP	99,010 NS	$5.00M	0.129%	US
Space Exploration Technologies SPACE EXPLORATION TECHNOLOGIES	—	000000000 —	EP CORP	1,479 NS	$7.79M	0.202%	US
Figma Inc	FIG	316841105 US3168411052	EC CORP	658,500 NS	$13.92M	0.360%	US
Toll Brothers Inc	TOL	889478103 US8894781033	EC CORP	285,000 NS	$38.89M	1.007%	US
Live Nation Entertainment Inc	LYV	538034109 US5380341090	EC CORP	265,000 NS	$40.42M	1.046%	US
Wynn Resorts Ltd	WYNN	983134107 US9831341071	EC CORP	431,500 NS	$43.82M	1.134%	US
Las Vegas Sands Corp	LVS	517834107 US5178341070	EC CORP	900,000 NS	$48.49M	1.255%	US
SPACE EXPLORATION TECH CORP	—	000000000 —	EP CORP	9,259 NS	$48.76M	1.262%	US
CoStar Group Inc	CSGP	22160N109 US22160N1090	EC CORP	1,465,900 NS	$59.13M	1.531%	US
Jefferies Financial Group Inc	JEF	47233W109 US47233W1099	EC CORP	1,500,700 NS	$61.93M	1.603%	US
SPACE EXPLORATION TECHNOLOGICS	—	000000000 —	EP CORP	12,346 NS	$65.01M	1.683%	US
Samsara Inc	IOT	79589L106 US79589L1061	EC CORP	2,251,800 NS	$71.36M	1.848%	US
Arch Capital Group Ltd	ACGL	000000000 BMG0450A1053	EC CORP	990,100 NS	$95.04M	2.461%	BM
Airbnb Inc	ABNB	009066101 US0090661010	EC CORP	852,700 NS	$107.68M	2.788%	US
Shopify Inc	SHOP	82509L107 CA82509L1076	EC CORP	955,000 NS	$113.28M	2.933%	CA
Gartner Inc	IT	366651107 US3666511072	EC CORP	717,847 NS	$113.66M	2.943%	US
Choice Hotels International Inc	CHH	169905106 US1699051066	EC CORP	1,105,000 NS	$114.37M	2.961%	US
Birkenstock Holding Plc	BIRK	000000000 JE00BS44BN30	EC CORP	3,275,500 NS	$117.36M	3.039%	JE
Red Rock Resorts Inc	RRR	75700L108 US75700L1089	EC CORP	2,368,500 NS	$126.38M	3.272%	US
FactSet Research Systems Inc	FDS	303075105 US3030751057	EC CORP	604,100 NS	$131.08M	3.394%	US
Figs Inc	FIGS	30260D103 US30260D1037	EC CORP	9,000,000 NS	$132.93M	3.442%	US
Vail Resorts Inc	MTN	91879Q109 US91879Q1094	EC CORP	1,040,000 NS	$133.45M	3.455%	US
Guidewire Software Inc	GWRE	40171V100 US40171V1008	EC CORP	895,500 NS	$133.93M	3.468%	US
IDEXX Laboratories Inc	IDXX	45168D104 US45168D1046	EC CORP	238,900 NS	$134.24M	3.475%	US
On Holding AG	ONON	000000000 CH1134540470	EC CORP	3,977,872 NS	$135.33M	3.504%	CH
Interactive Brokers Group Inc	IBKR	45841N107 US45841N1072	EC CORP	2,160,000 NS	$144.87M	3.751%	US
Verisk Analytics Inc	VRSK	92345Y106 US92345Y1064	EC CORP	772,500 NS	$146.58M	3.795%	US
Spotify Technology SA	SPOT	000000000 LU1778762911	EC CORP	307,800 NS	$149.26M	3.864%	LU
Hyatt Hotels Corp	H	448579102 US4485791028	EC CORP	1,052,400 NS	$151.32M	3.918%	US
Space Exploration Technologies SPACE EXPLORATION TECHNOLOGIES	—	000000000 —	EP CORP	29,630 NS	$156.03M	4.040%	US
Space Exploration Technologies SPACE EXPLORATION TECHNOLOGIES	—	000000000 —	EC CORP	299,280 NS	$157.60M	4.080%	US
MSCI Inc	MSCI	55354G100 US55354G1004	EC CORP	397,300 NS	$214.15M	5.544%	US
Tesla Inc	TSLA	88160R101 US88160R1014	EC CORP	622,800 NS	$231.53M	5.994%	US
Space Exploration Technologies SPACE EXPLORATION TECHNOLOGIES	—	000000000 —	EC CORP	732,896 NS	$385.94M	9.992%	US

Issuer↕

In master

CUSIP / ISIN

Asset

Balance↕

Value↕

Weight▲

Country

NEURALINK CORP

—

000000000

—

CORP

99,010 NS

$5.00M

0.129%

Space Exploration Technologies

SPACE EXPLORATION TECHNOLOGIES

—

000000000

—

CORP

1,479 NS

$7.79M

0.202%

Figma Inc

FIG

316841105

US3168411052

CORP

658,500 NS

$13.92M

0.360%

Toll Brothers Inc

TOL

889478103

US8894781033

CORP

285,000 NS

$38.89M

1.007%

Live Nation Entertainment Inc

LYV

538034109

US5380341090

CORP

265,000 NS

$40.42M

1.046%

Wynn Resorts Ltd

WYNN

983134107

US9831341071

CORP

431,500 NS

$43.82M

1.134%

Las Vegas Sands Corp

LVS

517834107

US5178341070

CORP

900,000 NS

$48.49M

1.255%

SPACE EXPLORATION TECH CORP

—

000000000

—

CORP

9,259 NS

$48.76M

1.262%

CoStar Group Inc

CSGP

22160N109

US22160N1090

CORP

1,465,900 NS

$59.13M

1.531%

Jefferies Financial Group Inc

JEF

47233W109

US47233W1099

CORP

1,500,700 NS

$61.93M

1.603%

SPACE EXPLORATION TECHNOLOGICS

—

000000000

—

CORP

12,346 NS

$65.01M

1.683%

Samsara Inc

IOT

79589L106

US79589L1061

CORP

2,251,800 NS

$71.36M

1.848%

Arch Capital Group Ltd

ACGL

000000000

BMG0450A1053

CORP

990,100 NS

$95.04M

2.461%

Airbnb Inc

ABNB

009066101

US0090661010

CORP

852,700 NS

$107.68M

2.788%

Shopify Inc

SHOP

82509L107

CA82509L1076

CORP

955,000 NS

$113.28M

2.933%

Gartner Inc

366651107

US3666511072

CORP

717,847 NS

$113.66M

2.943%

Choice Hotels International Inc

CHH

169905106

US1699051066

CORP

1,105,000 NS

$114.37M

2.961%

Birkenstock Holding Plc

BIRK

000000000

JE00BS44BN30

CORP

3,275,500 NS

$117.36M

3.039%

Red Rock Resorts Inc

RRR

75700L108

US75700L1089

CORP

2,368,500 NS

$126.38M

3.272%

FactSet Research Systems Inc

FDS

303075105

US3030751057

CORP

604,100 NS

$131.08M

3.394%

Figs Inc

FIGS

30260D103

US30260D1037

CORP

9,000,000 NS

$132.93M

3.442%

Vail Resorts Inc

MTN

91879Q109

US91879Q1094

CORP

1,040,000 NS

$133.45M

3.455%

Guidewire Software Inc

GWRE

40171V100

US40171V1008

CORP

895,500 NS

$133.93M

3.468%

IDEXX Laboratories Inc

IDXX

45168D104

US45168D1046

CORP

238,900 NS

$134.24M

3.475%

On Holding AG

ONON

000000000

CH1134540470

CORP

3,977,872 NS

$135.33M

3.504%

Interactive Brokers Group Inc

IBKR

45841N107

US45841N1072

CORP

2,160,000 NS

$144.87M

3.751%

Verisk Analytics Inc

VRSK

92345Y106

US92345Y1064

CORP

772,500 NS

$146.58M

3.795%

Spotify Technology SA

SPOT

000000000

LU1778762911

CORP

307,800 NS

$149.26M

3.864%

Hyatt Hotels Corp

448579102

US4485791028

CORP

1,052,400 NS

$151.32M

3.918%

Space Exploration Technologies

SPACE EXPLORATION TECHNOLOGIES

—

000000000

—

CORP

29,630 NS

$156.03M

4.040%

Space Exploration Technologies

SPACE EXPLORATION TECHNOLOGIES

—

000000000

—

CORP

299,280 NS

$157.60M

4.080%

MSCI Inc

MSCI

55354G100

US55354G1004

CORP

397,300 NS

$214.15M

5.544%

Tesla Inc

TSLA

88160R101

US88160R1014

CORP

622,800 NS

$231.53M

5.994%

Space Exploration Technologies

SPACE EXPLORATION TECHNOLOGIES

—

000000000

—

CORP

732,896 NS

$385.94M

9.992%