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Ron Baron Buys Concho Resources Inc., Graco Inc., Interactive Brokers Group Inc., Sells Wynn Resorts Ltd, CVS Caremark Corp, Hansen Natural Corp.

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Ron Baron likes to buy small companies that will grow big. He buys small growth companies and hold them for long term. He loves for-profit education companies theses and made them his largest holdings. Ron Baron owns 229 stocks with a total value of $12 billion. These are the details of the buys and sells during Q2.

For the details of Ron Baron's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron

This is the sector weightings of Ron Baron's portfolio:

Technology 5.9% 5.9%
Financials 14.2% 14.2%
Utilities 3.1% 3.1%
Telecommunications 0.1% 0.1%
Consumer Services 26.6% 26.6%
Health Care 12.1% 12.1%
Consumer Goods 6.6% 6.6%
Industrials 22.6% 22.6%
Basic Materials 1.4% 1.4%
Oil & Gas 7.1% 7.1%


These are the top 5 holdings of Ron Baron

  1. DeVry Inc. (DV) - 7,074,185 shares, 2.95% of the total portfolio
  2. Strayer Education Inc. (STRA) - 1,356,575 shares, 2.47% of the total portfolio
  3. Arch Capital Group Ltd. (ACGL) - 4,790,503 shares, 2.34% of the total portfolio
  4. Charles Schwab Corp. (SCHW) - 14,046,339 shares, 2.06% of the total portfolio
  5. MSCI INC (MXB) - 10,008,578 shares, 2.04% of the total portfolio


Added: Tetra Tech Inc. (TTEK)

Ron Baron added to his holdings in Tetra Tech Inc. by 122.66%. His purchase prices were between $21.89 and $29.87, with an estimated average price of $25.4. The impact to his portfolio due to this purchase was 0.41%. His holdings were 3,103,879 shares as of 06/30/2009.

TETRA TECH INC. provides comprehensive environmental engineering and consulting services addressing complex water contamination and other environmental problems. These services are directed to a broad base of public and private sector clients and include substantially all types of engineering and consulting services in the environmental area such as water chemistry geohydrology soil science water and wastewater treatment hydrodynamics geology air quality and civil engineering. Tetra Tech Inc. has a market cap of $1.86 billion; its shares were traded at around $30.81 with a P/E ratio of 25.9 and P/S ratio of 0.8.

Added: Core Laboratories N.V. Common SharesNLG (CLB)

Ron Baron added to his holdings in Core Laboratories N.V. Common SharesNLG by 31.03%. His purchase prices were between $77.65 and $94.02, with an estimated average price of $85.6. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,310,223 shares as of 06/30/2009.

Based in the Netherlands Core Laboratories provides geological andenvironmental analysis services and manufactures precise measurementequipment. The company provides basic and advanced reservoir rock and fluidanalyses and other geological services to the oil industry. It providesinformation that helps oil companies make decisions regarding the presenceand amount of hydrocarbon accumulations. The company's manufacturing operations include the design and production of laboratory equipment used in the petroleum industry. Core Laboratories N.V. Common SharesNLG has a market cap of $2.1 billion; its shares were traded at around $91.61 with a P/E ratio of 15.7 and P/S ratio of 2.7. The dividend yield of Core Laboratories N.V. Common SharesNLG stocks is 0.4%. Core Laboratories N.V. Common SharesNLG had an annual average earning growth of 14.2% over the past 10 years.

Added: Waste Connections Inc. (WCN)

Ron Baron added to his holdings in Waste Connections Inc. by 68.18%. His purchase prices were between $24.4 and $27.06, with an estimated average price of $25.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,850,010 shares as of 06/30/2009.

Waste Connections Inc. is a regional integrated solid waste services company that provides solid waste collection transfer disposal and recycling services in secondary markets of the Western U.S. The company serves numerous commercial industrial and residential customers inWashington California Idaho Wyoming and South Dakota. Waste Connections Inc. has a market cap of $2.21 billion; its shares were traded at around $27.6 with a P/E ratio of 20.1 and P/S ratio of 2.1. Waste Connections Inc. had an annual average earning growth of 19.5% over the past 10 years. GuruFocus rated Waste Connections Inc. the business predictability rank of 3-star.

Added: ANSYS Inc. (ANSS)

Ron Baron added to his holdings in ANSYS Inc. by 19.8%. His purchase prices were between $26.62 and $33.26, with an estimated average price of $29.1. The impact to his portfolio due to this purchase was 0.15%. His holdings were 3,469,748 shares as of 06/30/2009.

ANSYS Inc. develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop providing a common platform for fast efficient and cost- conscious product development from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales support and training for customers. ANSYS Inc. has a market cap of $3.21 billion; its shares were traded at around $36.68 with a P/E ratio of 21.6 and P/S ratio of 6.6. ANSYS Inc. had an annual average earning growth of 29.7% over the past 5 years.

Added: Covanta Holding Corp. (CVA)

Ron Baron added to his holdings in Covanta Holding Corp. by 26.03%. His purchase prices were between $13.6 and $17.08, with an estimated average price of $15.6. The impact to his portfolio due to this purchase was 0.14%. His holdings were 4,802,166 shares as of 06/30/2009.

Danielson Holding Corporation is a holding company. Their largest subsidiary is National American Insurance Company of California (NAICC). NAICC and its subsidiaries write workers' compensation non-standard private passenger and commercial automobile insurance in the western United States primarily California. Covanta Holding Corp. has a market cap of $2.66 billion; its shares were traded at around $17.21 with a P/E ratio of 22.6 and P/S ratio of 1.6.

Added: Genesee & Wyoming Inc. (GWR)

Ron Baron added to his holdings in Genesee & Wyoming Inc. by 21.28%. His purchase prices were between $24.58 and $30.52, with an estimated average price of $27.7. The impact to his portfolio due to this purchase was 0.14%. His holdings were 3,709,100 shares as of 06/30/2009.

GENESEE & WYOMING owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations Australian Railroad Operations and Industrial Switching. Genesee & Wyoming Inc. has a market cap of $1.06 billion; its shares were traded at around $29.3 with a P/E ratio of 17.8 and P/S ratio of 1.7. Genesee & Wyoming Inc. had an annual average earning growth of 9.1% over the past 10 years. GuruFocus rated Genesee & Wyoming Inc. the business predictability rank of 2-star.

Added: Precision Castparts Corp. (PCP)

Ron Baron added to his holdings in Precision Castparts Corp. by 41.86%. His purchase prices were between $63.11 and $87.68, with an estimated average price of $77. The impact to his portfolio due to this purchase was 0.13%. His holdings were 730,524 shares as of 06/30/2009.

Precision Castparts Corp. is a worldwide manufacturer of complex metal components and products. The company is a market leader in manufacturing large complex structural investment castings and is a leading manufacturer of airfoil castings used in jet aircraft engines. In addition the company has expanded into the industrial gas turbine fluidmanagement industrial metalworking tools and machines and other metal products markets. Precision Castparts Corp. has a market cap of $11.92 billion; its shares were traded at around $85.1 with a P/E ratio of 12 and P/S ratio of 1.7. The dividend yield of Precision Castparts Corp. stocks is 0.1%. Precision Castparts Corp. had an annual average earning growth of 16.3% over the past 10 years. GuruFocus rated Precision Castparts Corp. the business predictability rank of 3-star.

Added: DeVry Inc. (DV)

Ron Baron added to his holdings in DeVry Inc. by 4.45%. His purchase prices were between $40.65 and $49.68, with an estimated average price of $45. The impact to his portfolio due to this purchase was 0.13%. His holdings were 7,074,185 shares as of 06/30/2009.

DeVry Inc. owns and operates DeVry Institutes of Technology DenverTechnical College Keller Graduate School of Management and Becker Conviser CPA Review. DeVry Institutes DeVry Canada Inc. Denver TechnicalCollege and Keller Graduate School of Management are a part of DeVryUniversity. DeVry Institutes and Keller Graduate School collectively formone of the largest private degree-granting regionally accredited highereducation systems in North America. Becker prepares candidates for theCPA CMA and CFA professional certification examinations. DeVry Inc. has a market cap of $3.71 billion; its shares were traded at around $51.89 with a P/E ratio of 24.4 and P/S ratio of 3.4. The dividend yield of DeVry Inc. stocks is 0.3%. DeVry Inc. had an annual average earning growth of 4.3% over the past 10 years.

Added: GenProbe Inc. (GPRO)

Ron Baron added to his holdings in GenProbe Inc. by 17.34%. His purchase prices were between $42.41 and $47.24, with an estimated average price of $44.2. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,289,224 shares as of 06/30/2009.

Gen-Probe Inc. is a global leader in the development manufacture and marketing of rapid accurate and cost-effective nucleic acid testing (NAT) products used for the clinical diagnosis of human diseases and for screening donated human blood. Using its patented NAT technology Gen-Probe has received FDA approvals for more than 40 products that detect a wide variety of infectious microorganisms including those causing sexually transmitted diseases tuberculosis strep throat pneumonia and fungal infections. GenProbe Inc. has a market cap of $2 billion; its shares were traded at around $38.46 with a P/E ratio of 20.5 and P/S ratio of 4.2. GenProbe Inc. had an annual average earning growth of 10.7% over the past 5 years.

Added: Interactive Data Corp. (IDC)

Ron Baron added to his holdings in Interactive Data Corp. by 121.22%. His purchase prices were between $21.8 and $26.7, with an estimated average price of $23.5. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,072,934 shares as of 06/30/2009.

Interactive Data is a leading provider of financial information and analytical software to global markets. FT Interactive Data supplies global securities pricing dividend corporate action and descriptive information for more than 3.5 million securities including over 2.5 million active fixed income issues. The company also provides index and constituent data to the international investment community. Interactive Data Corp. has a market cap of $2.12 billion; its shares were traded at around $22.59 with a P/E ratio of 15.3 and P/S ratio of 2.8. The dividend yield of Interactive Data Corp. stocks is 3.5%. Interactive Data Corp. had an annual average earning growth of 36.6% over the past 10 years. GuruFocus rated Interactive Data Corp. the business predictability rank of 2-star.

Added: Covance Inc. (CVD)

Ron Baron added to his holdings in Covance Inc. by 8.05%. His purchase prices were between $36.07 and $48.86, with an estimated average price of $42.1. The impact to his portfolio due to this purchase was 0.1%. His holdings were 3,117,646 shares as of 06/30/2009.

Covance Inc. is a leading contract research organization providing a widerange of product development services on a worldwide basis to thepharmaceutical biotechnology and medical device industries. The company also provide health economics and outcomes services for managed care organizations hospitals and other health care providers and laboratory testing services to the chemical agrochemical and food industries. Covance Inc. has a market cap of $3.5 billion; its shares were traded at around $54.74 with a P/E ratio of 19.5 and P/S ratio of 1.9. Covance Inc. had an annual average earning growth of 8.5% over the past 10 years. GuruFocus rated Covance Inc. the business predictability rank of 2-star.

Added: Millipore Corp. (MIL)

Ron Baron added to his holdings in Millipore Corp. by 23.21%. His purchase prices were between $57.12 and $71.71, with an estimated average price of $63.7. The impact to his portfolio due to this purchase was 0.1%. His holdings were 889,369 shares as of 06/30/2009.

Millipore Corporation is a leading provider of products and services that improve productivity and results in biopharmaceutical manufacturing and in clinical analytical and research laboratories. The Company is organized in two operating divisions. Its Bioprocess Division helps pharmaceutical and biotechnology companies to optimize their manufacturing productivity ensure the quality of drugs and scale up the production of difficult-to-manufacture biologics. Its Bioscience Division helps optimize laboratory productivity and workflows by providing reagents kits and other enabling technologies and products for life science research and development. Millipore has a deep understanding of its customers' research and manufacturing process needs and offers reliable and innovative tools technologies and services. Millipore Corp. has a market cap of $3.75 billion; its shares were traded at around $67.59 with a P/E ratio of 17.2 and P/S ratio of 2.4. Millipore Corp. had an annual average earning growth of 5.6% over the past 10 years.

Added: FactSet Research Systems Inc. (FDS)

Ron Baron added to his holdings in FactSet Research Systems Inc. by 5.3%. His purchase prices were between $48.04 and $55.53, with an estimated average price of $51.6. The impact to his portfolio due to this purchase was 0.1%. His holdings were 4,687,862 shares as of 06/30/2009.

FactSet Research Systems Inc. supplies global economic and financial data to analysts investment bankers and other financial professionals. The company combines databases from multiple suppliers into a single online source of information and analytics including fundamental data on tens of thousands of American and international companies and securities. The company obtains financial information from several database vendors and when possible seeks to maintain contractual relationships with a minimum of two database providers for each type of financial data. are on a flat or royalty ( FactSet Research Systems Inc. has a market cap of $2.61 billion; its shares were traded at around $55.26 with a P/E ratio of 19.6 and P/S ratio of 4.5. The dividend yield of FactSet Research Systems Inc. stocks is 1.5%. FactSet Research Systems Inc. had an annual average earning growth of 22.6% over the past 10 years. GuruFocus rated FactSet Research Systems Inc. the business predictability rank of 5-star.

Added: ENERGYSOLUTIONS INC (ES)

Ron Baron added to his holdings in ENERGYSOLUTIONS INC by 34.15%. His purchase prices were between $7.86 and $10.53, with an estimated average price of $9. The impact to his portfolio due to this purchase was 0.05%. His holdings were 2,750,000 shares as of 06/30/2009.

ENERGYSOLUTIONS is a full-service nuclear fuel cycle company that is committed to environmental protection energy independence and a safe and growing industry. With their dedication to environmental friendliness EnergySolutions is solving the problems of global warming and energy dependence in addition to cleaning up the environmental consequences of the cold war. EnergySolutions has the unique strategies resources technology human capital and financial means to succeed in the industry. Their unparalleled combination of US experience and experience derived from practical implementation of nuclear projects throughout the world has made EnergySolutions a vibrant smart and innovative leader of nuclear services around the globe. ENERGYSOLUTIONS INC has a market cap of $788.6 million; its shares were traded at around $8.93 with a P/E ratio of 20.8 and P/S ratio of 0.4. The dividend yield of ENERGYSOLUTIONS INC stocks is 1.1%.

Added: AeroVironment Inc. (AVAV)

Ron Baron added to his holdings in AeroVironment Inc. by 28.57%. His purchase prices were between $23.3 and $30.05, with an estimated average price of $26.5. The impact to his portfolio due to this purchase was 0.05%. His holdings were 900,000 shares as of 06/30/2009.

Building on a history of technological innovation AEROVIRONMENT INC. designs develops produces and supports an advanced portfolio of Unmanned Aircraft Systems and efficient electric energy systems. The company's small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military services to provide situational awareness to tactical operating units through real-time airborne reconnaissance surveillance and target acquisition. AV's PosiCharge fast charge systems eliminate battery changing for electric industrial vehicles in factories airports and distribution centers. AeroVironment Inc. has a market cap of $620.7 million; its shares were traded at around $29.1 with a P/E ratio of 26.2 and P/S ratio of 2.5.

Added: Wabtec (WAB)

Ron Baron added to his holdings in Wabtec by 25%. His purchase prices were between $31.56 and $38.88, with an estimated average price of $34.9. The impact to his portfolio due to this purchase was 0.04%. His holdings were 750,000 shares as of 06/30/2009.

Wabtec Corporation is one of North America's largest providers of value-added technology-based products and services for the rail industry. Through its subsidiaries the company manufactures a full range of products for locomotives freight cars and passenger transit vehicles. The company also builds new locomotives up to 4000 horsepower and providesaftermarket services including locomotive and freight car fleet maintenance. (PRESS RELEASE) Wabtec has a market cap of $1.71 billion; its shares were traded at around $35.84 with a P/E ratio of 14 and P/S ratio of 1.1. The dividend yield of Wabtec stocks is 0.1%. Wabtec had an annual average earning growth of 33.8% over the past 5 years.

Added: Research in Motion Ltd. (RIMM)

Ron Baron added to his holdings in Research in Motion Ltd. by 48.27%. His purchase prices were between $64.18 and $83.02, with an estimated average price of $73.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 109,380 shares as of 06/30/2009.

RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. RIM's portfolio of award-winning products services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry wireless platform the RIM Wireless Handheld product line software development tools radio-modems and software/hardware licensing agreements. Research in Motion Ltd. has a market cap of $41.28 billion; its shares were traded at around $72.74 with a P/E ratio of 20.4 and P/S ratio of 3.8. Research in Motion Ltd. had an annual average earning growth of 83.5% over the past 5 years.

Added: Devon Energy Corp. (DVN)

Ron Baron added to his holdings in Devon Energy Corp. by 24.29%. His purchase prices were between $48.79 and $65.53, with an estimated average price of $58.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 87,000 shares as of 06/30/2009.

Devon Energy Corporation is an independent energy company engaged primarily in oil and gas exploration development and production and in the acquisition of producing properties. Devon currently owns oil and gas properties concentrated in four operating divisions: the Northern Division; the Southern Division; Canada; and the International Division. Devon Energy Corp. has a market cap of $27.85 billion; its shares were traded at around $62.73 with a P/E ratio of 12.3 and P/S ratio of 1.8. The dividend yield of Devon Energy Corp. stocks is 1%. Devon Energy Corp. had an annual average earning growth of 18.1% over the past 10 years. GuruFocus rated Devon Energy Corp. the business predictability rank of 4.5-star.

Added: Wells Fargo & Company (WFC)

Ron Baron added to his holdings in Wells Fargo & Company by 38.22%. His purchase prices were between $19.53 and $28.13, with an estimated average price of $23.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 264,000 shares as of 06/30/2009.

Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. (Company Press Release) Wells Fargo & Company has a market cap of $130.47 billion; its shares were traded at around $27.73 with a P/E ratio of 31.1 and P/S ratio of 2.5. The dividend yield of Wells Fargo & Company stocks is 0.7%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.

Added: FedEx Corp. (FDX)

Ron Baron added to his holdings in FedEx Corp. by 27.27%. His purchase prices were between $50.81 and $59.93, with an estimated average price of $54.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 70,000 shares as of 06/30/2009.

FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery ground small-parcel delivery less-than-truckload freight delivery and global logistics supply chain management and electronic commerce solutions. FedEx Corp. has a market cap of $20.62 billion; its shares were traded at around $66.01 with a P/E ratio of 17.6 and P/S ratio of 0.6. The dividend yield of FedEx Corp. stocks is 0.7%. FedEx Corp. had an annual average earning growth of 17.7% over the past 10 years. GuruFocus rated FedEx Corp. the business predictability rank of 3.5-star.

Added: Monsanto Company (MON)

Ron Baron added to his holdings in Monsanto Company by 51.5%. His purchase prices were between $74.99 and $89.64, with an estimated average price of $83. The impact to his portfolio due to this purchase was 0.01%. His holdings were 60,600 shares as of 06/30/2009.

Monsanto is a leading global provider of technology-based solutions and agricultural products for growers and downstream customers such as grain processors and consumers in the agricultural markets. The combination of its herbicides seeds and related genetic trait products provides growers with integrated solutions to more efficiently and cost effectively produce crops at higher yields while controlling weeds insects and diseases. Its base business led by Roundup and coupled with the latest tools in biotechnology genomics and molecular breeding. Monsanto Company has a market cap of $44.35 billion; its shares were traded at around $81.24 with a P/E ratio of 18.8 and P/S ratio of 3.9. The dividend yield of Monsanto Company stocks is 1.3%. Monsanto Company had an annual average earning growth of 30.7% over the past 5 years.

Added: Republic Services Inc. (RSG)

Ron Baron added to his holdings in Republic Services Inc. by 55.79%. His purchase prices were between $19.29 and $23.74, with an estimated average price of $22. The impact to his portfolio due to this purchase was 0.01%. His holdings were 148,000 shares as of 06/30/2009.

Republic Services Inc. is a leading provider of services in the domestic non-hazardous solid waste industry. They provide non-hazardous solid waste collection services for commercial industrial municipal and residential customers through their collection companies. They also own or operate transfer stations and solid waste landfills. Republic Services Inc. has a market cap of $9.56 billion; its shares were traded at around $25.24 with a P/E ratio of 15.3 and P/S ratio of 2.7. The dividend yield of Republic Services Inc. stocks is 2.9%. Republic Services Inc. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Republic Services Inc. the business predictability rank of 5-star.

Added: Net 1 UEPS Technologies Inc. (UEPS)

Ron Baron added to his holdings in Net 1 UEPS Technologies Inc. by 386.41%. His purchase prices were between $12.22 and $16.7, with an estimated average price of $14.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 89,500 shares as of 06/30/2009.

Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 believes that it is the first company worldwide to implement a system that can enable the estimated four billion people who generally have limited or no access to a bank account to enter affordably into electronic transactions with each other government agencies employers merchants and other financial service providers. Net 1 UEPS Technologies Inc. has a market cap of $953.1 million; its shares were traded at around $17.12 with a P/E ratio of 11.6 and P/S ratio of 3.6.

Added: Itau Unibanco Banco Multiplo S.A. (ITUB)

Ron Baron added to his holdings in Itau Unibanco Banco Multiplo S.A. by 42.77%. His purchase prices were between $12.77 and $16.62, with an estimated average price of $14.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 15,022 shares as of 06/30/2009.

BANCO ITAU -ADR's main goal is to focus on an equilibrium between growth and profitability aimed at always generating value for the stockholder in the long run. Itau Unibanco Banco Multiplo S.A. has a market cap of $37.48 billion; its shares were traded at around $18.01 with a P/E ratio of 11.3 and P/S ratio of 1.1. The dividend yield of Itau Unibanco Banco Multiplo S.A. stocks is 0.3%.

Added: NET SERVICOS DE COMUNICACAO S.A. - AMERICAN DEPOSI (NETC)

Ron Baron added to his holdings in NET SERVICOS DE COMUNICACAO S.A. - AMERICAN DEPOSI by 37.93%. His purchase prices were between $7.21 and $9.88, with an estimated average price of $8.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 24,000 shares as of 06/30/2009.

Net Servicos de Comunicacao S.A. is the largest Pay-TV multi-service operator in Latin America. NET SERVICOS DE COMUNICACAO S.A. - AMERICAN DEPOSI has a market cap of $4.32 billion; its shares were traded at around $10.9 with a P/E ratio of 47.4 and P/S ratio of 2.1.

New Purchase: Concho Resources Inc. (CXO)

Ron Baron initiated holdings in Concho Resources Inc.. His purchase prices were between $25.56 and $32.21, with an estimated average price of $29.1. The impact to his portfolio due to this purchase was 0.49%. His holdings were 2,037,068 shares as of 06/30/2009.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition development exploitation and exploration of oil and natural gas properties. The Company's conventional operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. In addition the Company is involved in a number of unconventional emerging resource plays. Concho Resources Inc. has a market cap of $2.79 billion; its shares were traded at around $32.69 with a P/E ratio of 40.9 and P/S ratio of 5.3.

New Purchase: Alexandria Real Estate Equities Inc. (ARE)

Ron Baron initiated holdings in Alexandria Real Estate Equities Inc.. His purchase prices were between $31.27 and $42.3, with an estimated average price of $36.2. The impact to his portfolio due to this purchase was 0.28%. His holdings were 921,057 shares as of 06/30/2009.

Alexandria Real Estate Equities Inc. Landlord and Developer of Choice to the Life Science Industry is a publicly-traded real estate investment trust focused principally on the ownership operation management selective redevelopment development and acquisition of life science properties. Our properties are designed and improved for lease primarily to institutional pharmaceutical biotechnology medical device life science product service biodefense and translational medicine entities as well as governmental agencies. Alexandria Real Estate Equities Inc. has a market cap of $1.98 billion; its shares were traded at around $50.39 with a P/E ratio of 7.7 and P/S ratio of 4.2. The dividend yield of Alexandria Real Estate Equities Inc. stocks is 2.9%. Alexandria Real Estate Equities Inc. had an annual average earning growth of 8.9% over the past 5 years.

New Purchase: Watson Wyatt Worldwide Inc. (WW)

Ron Baron initiated holdings in Watson Wyatt Worldwide Inc.. His purchase prices were between $36.92 and $52.75, with an estimated average price of $43.7. The impact to his portfolio due to this purchase was 0.25%. His holdings were 800,000 shares as of 06/30/2009.

Watson Wyatt Corp. is a leading global human capital and financial management consulting firm. The firm specializes in employee benefits human capital strategies technology solutions and insurance and financial services. Watson Wyatt Worldwide Inc. has a market cap of $1.79 billion; its shares were traded at around $42.09 with a P/E ratio of 11.6 and P/S ratio of 1.1. The dividend yield of Watson Wyatt Worldwide Inc. stocks is 0.7%. Watson Wyatt Worldwide Inc. had an annual average earning growth of 28.4% over the past 5 years.

New Purchase: Zimmer Holdings Inc. (ZMH)

Ron Baron initiated holdings in Zimmer Holdings Inc.. His purchase prices were between $38.78 and $46.66, with an estimated average price of $43.3. The impact to his portfolio due to this purchase was 0.25%. His holdings were 701,800 shares as of 06/30/2009.

Zimmer is a global leader in the design development manufacturing and market of reconstructive orthopaedic implants and fracture management products. Orthopaedic reconstruction implants restore joint function lost to disease or trauma in joints such as knees hips shoulders and elbows. Fracture management products are devices used primarily to reattach or stabilize damaged bone and tissue to support the body's natural healing process. Zimmer Holdings Inc. has a market cap of $9.75 billion; its shares were traded at around $45.33 with a P/E ratio of 11.6 and P/S ratio of 2.4. Zimmer Holdings Inc. had an annual average earning growth of 24.6% over the past 5 years.

New Purchase: ATLAS ENERGY RESOURCES LLC (ATN)

Ron Baron initiated holdings in ATLAS ENERGY RESOURCES LLC. His purchase prices were between $13.76 and $22.62, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 0.24%. His holdings were 1,408,419 shares as of 06/30/2009.

ATLAS ENERGY RESOURCES develops and produces domestic natural gas and to a lesser extent oil. Atlas Energy is one of the largest independent energy producers in the Appalachian Basin and northern Michigan. Atlas Energy sponsors and manages tax-advantaged investment partnerships in which it co-invests to finance the exploration and development of its acreage in the Appalachian Basin. Atlas Energy is active principally in Pennsylvania Michigan and Tennessee. ATLAS ENERGY RESOURCES LLC has a market cap of $1.65 billion; its shares were traded at around $26.08 with a P/E ratio of 16.4 and P/S ratio of 2.2.

New Purchase: DISCOVERY COMMUNICATIONS, INC (DISCA)

Ron Baron initiated holdings in DISCOVERY COMMUNICATIONS, INC. His purchase prices were between $17.95 and $23.02, with an estimated average price of $20.4. The impact to his portfolio due to this purchase was 0.21%. His holdings were 1,142,559 shares as of 06/30/2009.

DISCOVERY COMMUNICATIONS INC. formerly Discovery Holding Company is a holding company that conducts operations through its two wholly owned operating subsidiaries Ascent Media Group LLC and Ascent Media CANS LLC and throught its 66.66% owned equity affiliate Discovery Communications Holding LLC. Ascent Media provides creative media management and network services to the media and entertainment industries. Its client base includes motion picture studios independent producers broadcast networks cable programming networks advertising agencies media producers independent owners of television and film libraries and media distribution channels. Discovery is a global media and entertainment company that offers original and purchased programming in the United States and over 170 other countries with over 100 television networks. DISCOVERY COMMUNICATIONS, INC has a market cap of $6.97 billion; its shares were traded at around $24.77 with a P/E ratio of 19.9 and P/S ratio of 2.1.

New Purchase: Graco Inc. (GGG)

Ron Baron initiated holdings in Graco Inc.. His purchase prices were between $19.74 and $24.62, with an estimated average price of $22.1. The impact to his portfolio due to this purchase was 0.2%. His holdings were 1,100,000 shares as of 06/30/2009.

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial settings. Based in Minneapolis Minnesota Graco serves customers around the world in the manufacturing processing construction and maintenance industries. It designs manu-factures and markets systems and equipment to move measure control dispense and apply fluid materials. The Company helps customers solve difficult manufacturing problems increase productivity improve quality conserve energy and save expensive materials. Graco Inc. has a market cap of $1.46 billion; its shares were traded at around $24.46 with a P/E ratio of 23.9 and P/S ratio of 1.8. The dividend yield of Graco Inc. stocks is 3.2%. Graco Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Graco Inc. the business predictability rank of 4-star.

New Purchase: Interactive Brokers Group Inc. (IBKR)

Ron Baron initiated holdings in Interactive Brokers Group Inc.. His purchase prices were between $14.14 and $17.42, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,387,500 shares as of 06/30/2009.

INTERACTIVE BROKERS is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities futures and foreign exchange instruments on more than 70 electronic exchanges and trading venues around the world. As a market maker they provide liquidity at these marketplaces and as a broker they provide professional traders and investors with direct access to stocks options futures forex and bonds from a single IB Universal AccountSM. Interactive Brokers Group Inc. has a market cap of $780 million; its shares were traded at around $19.24 with a P/E ratio of 11 and P/S ratio of 0.4.

New Purchase: Liberty Media Corp. Capital Common Serie (LCAPA)

Ron Baron initiated holdings in Liberty Media Corp. Capital Common Serie. His purchase prices were between $9.61 and $14.94, with an estimated average price of $12.9. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,000,000 shares as of 06/30/2009.

Liberty Media Corporation owns interests in a broad range of electronic retailing media communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group which includes Liberty's interests in QVC.com Provide Commerce Backcountry.com BUYSEASONS Bodybuilding.com IAC/InterActiveCorp and Expedia (2) the Liberty Entertainment Group which includes Liberty's interests in the DIRECTV Group Inc. Starz Entertainment FUN Technologies Inc. GSN LLC WildBlue Communications Inc. and Liberty Sports Holdings LLC and (3) the Liberty Capital group which includes all businesses assets and liabilities not attributed to the Interactive Group or the Entertainment Group including our subsidiaries Starz Media LLC Atlanta National League Baseball Club Inc. and TruePosition Inc. and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation. Liberty Media Corp. Capital Common Serie has a market cap of $1.52 billion; its shares were traded at around $16.86 with and P/S ratio of 0.2.

New Purchase: Joy Global Inc. (JOYG)

Ron Baron initiated holdings in Joy Global Inc.. His purchase prices were between $23.63 and $40.63, with an estimated average price of $31.3. The impact to his portfolio due to this purchase was 0.04%. His holdings were 150,000 shares as of 06/30/2009.

Joy Global Inc. is a worldwide leader in manufacturing servicing and distributing equipment for surface mining through its P&H Mining Equipment division and underground mining through its Joy Mining Machinery division.(Press Release) Joy Global Inc. has a market cap of $4.14 billion; its shares were traded at around $40.47 with a P/E ratio of 9.9 and P/S ratio of 1.2. The dividend yield of Joy Global Inc. stocks is 1.7%. Joy Global Inc. had an annual average earning growth of 79% over the past 5 years.

New Purchase: Burlington Northern Santa Fe Corp. (BNI)

Ron Baron initiated holdings in Burlington Northern Santa Fe Corp.. His purchase prices were between $65.82 and $77.36, with an estimated average price of $70.9. The impact to his portfolio due to this purchase was 0.04%. His holdings were 59,000 shares as of 06/30/2009.

Burlington North/Santa Fe through its subsidiary The Burlington Northern and Santa Fe Railway Company operates one of the largest railroad networks in North America. This vast network covers the western two-thirds of the United States stretching from major Pacific Northwest and Southern California ports to the Midwest Southeast and Southwest and from the Gulf of Mexico to Canada. Burlington Northern Santa Fe Corp. has a market cap of $28.06 billion; its shares were traded at around $82.63 with a P/E ratio of 14.5 and P/S ratio of 1.6. The dividend yield of Burlington Northern Santa Fe Corp. stocks is 1.9%. Burlington Northern Santa Fe Corp. had an annual average earning growth of 8.1% over the past 10 years. GuruFocus rated Burlington Northern Santa Fe Corp. the business predictability rank of 2.5-star.

New Purchase: TreeHouse Foods Inc. (THS)

Ron Baron initiated holdings in TreeHouse Foods Inc.. His purchase prices were between $26.1 and $29.09, with an estimated average price of $27.4. The impact to his portfolio due to this purchase was 0.03%. His holdings were 125,000 shares as of 06/30/2009.

TreeHouse Foods is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its products include pickles and related products; non-dairy powdered coffee creamer; and other food products including aseptic sauces refrigerated salad dressings and liquid non-dairy creamer. TreeHouse Foods Inc. has a market cap of $1.15 billion; its shares were traded at around $36.4 with a P/E ratio of 19.4 and P/S ratio of 0.8.

New Purchase: Atlas America Inc. (ATLS)

Ron Baron initiated holdings in Atlas America Inc.. His purchase prices were between $12.41 and $19.74, with an estimated average price of $16.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 162,135 shares as of 06/30/2009.

ATLAS AMERICA INC is an energy company engaged in the development and production of natural gas in the Appalachian Basin through the offering of tax advantaged investment programs. Atlas America Inc. owns an approximate 64% limited partner interest and 100% of the general partner interest in Atlas Pipeline Holdings L.P. (NYSE:AHD) which holds the general partner interest and approximately 5.5 million limited partner units of Atlas Pipeline Partners L.P. (NYSE:APL) and an approximate 49% common unit interest and all of the Class A and management incentive interests in Atlas Energy Resources LLC. Atlas America Inc. has a market cap of $890.9 million; its shares were traded at around $22.6 with a P/E ratio of 18.4 and P/S ratio of 0.4.

New Purchase: Solarwinds Inc. (SWI)

Ron Baron initiated holdings in Solarwinds Inc.. His purchase prices were between $13.29 and $15.15, with an estimated average price of $14.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 125,000 shares as of 06/30/2009.

SolarWinds Inc. headquartered in Austin Texas provides powerful simple and affordable network management software to more than 80000 customers worldwide -- from Fortune 500 enterprises to small businesses. Guided by a global community of network engineers SolarWinds develops simple and powerful software for managing networks small or large. Focused on the real-world needs of network professionals SolarWinds' products are downloadable easy to use and maintain and provide the power scale and flexibility needed to manage today's complex network environments. SolarWinds' growing online community thwack offers users problem-solving and technology-sharing for all of SolarWinds' products. SolarWinds SolarWinds.com thwack and Orion are registered trademarks of SolarWinds. The company has sales and product development offices around the world. Solarwinds Inc. has a market cap of $1.24 billion; its shares were traded at around $19.25 .

New Purchase: Pulte Homes Inc. (PHM)

Ron Baron initiated holdings in Pulte Homes Inc.. His purchase prices were between $8.76 and $11.99, with an estimated average price of $9.9. The impact to his portfolio due to this purchase was 0.02%. His holdings were 214,000 shares as of 06/30/2009.

Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company's significant subsidiaries include Pulte Financial Companies Inc. Pulte Diversified Companies Inc. and other subsidiaries which are engaged in the homebuilding business. Pulte Homes Inc. has a market cap of $3.23 billion; its shares were traded at around $12.49 with and P/S ratio of 0.5.

New Purchase: SOLERA HOLDINGS INC (SLH)

Ron Baron initiated holdings in SOLERA HOLDINGS INC. His purchase prices were between $22.39 and $25.99, with an estimated average price of $23.7. The impact to his portfolio due to this purchase was 0.02%. His holdings were 106,957 shares as of 06/30/2009.

SOLERA HOLDINGS INC is an integrated group of leading automotive claims solutions companies with the vision to continuously improve the automobile insurance claims processing industry worldwide. The Solera companies help customers automate and simplify their automobile claims process and improve their ability to monitor and manage their businesses through data reporting and analytics. SOLERA HOLDINGS INC has a market cap of $1.78 billion; its shares were traded at around $25.58 with a P/E ratio of 17 and P/S ratio of 3.4.

New Purchase: Medidata Solutions Inc. (MDSO)

Ron Baron initiated holdings in Medidata Solutions Inc.. His purchase prices were between $16.31 and $16.31, with an estimated average price of $16.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 77,000 shares as of 06/30/2009.

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New Purchase: Electronic Arts Inc. (ERTS)

Ron Baron initiated holdings in Electronic Arts Inc.. His purchase prices were between $18.62 and $23, with an estimated average price of $20.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 34,000 shares as of 06/30/2009.

Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation marketing and distribution of entertainment software and the EA.com business segment: creation marketing and distribution of entertainment software which can be played or sold online. Electronic Arts Inc. has a market cap of $6.88 billion; its shares were traded at around $21.29 with and P/S ratio of 1.7.

New Purchase: Open Solutions Inc. (OPEN)

Ron Baron initiated holdings in Open Solutions Inc.. His purchase prices were between $27.69 and $33.74, with an estimated average price of $29.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 30,000 shares as of 06/30/2009.

OpenTable is the leading supplier of reservation table management and guest management software for restaurants. In addition the company operates www.opentable.com the world's most popular website for making restaurant reservations online. With customers throughout the United States Canada Mexico United Kingdom Germany France Spain and Japan the OpenTable hardware and software system replaces pen-and-paper at the host stand. It automates the process of taking reservations and managing tables while allowing restaurants to build robust diner databases for superior guest recognition and targeted e-mail marketing. For diners concierges and administrative professionals the website provides a fast efficient way to find available tables that meet desired criteria for cuisine price and location at a specified time. The company is headquartered in San Francisco California. Open Solutions Inc. has a market cap of $642.2 million; its shares were traded at around $29.72 .

New Purchase: VMWARE INC. (VMW)

Ron Baron initiated holdings in VMWARE INC.. His purchase prices were between $25.4 and $32.59, with an estimated average price of $29. The impact to his portfolio due to this purchase was 0.01%. His holdings were 30,500 shares as of 06/30/2009.

VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically securely and reliably to applications as needed increasing hardware utilization and reducing spending. They have expanded their offering with virtual infrastructure automation and management products to address distributed and heterogeneous infrastructure challenges such as system recoverability and reliability backup and recovery resource provisioning and management capacity and performance management and desktop security. They derive a significant majority of their revenues from their indirect sales channel that include distributors resellers x86 system vendors and systems integrators. VMWARE INC. has a market cap of $12.48 billion; its shares were traded at around $31.83 with a P/E ratio of 47.5 and P/S ratio of 6.7.

New Purchase: Citrix Systems Inc. (CTXS)

Ron Baron initiated holdings in Citrix Systems Inc.. His purchase prices were between $25.64 and $34.1, with an estimated average price of $29.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 31,000 shares as of 06/30/2009.

Citrix Systems Inc. is one of the leading suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. The company's products permit organizations to deploy and manage applications without regard to location network connection or type of client hardware platform. Citrix Systems Inc. has a market cap of $6.44 billion; its shares were traded at around $35.6 with a P/E ratio of 32.4 and P/S ratio of 4. Citrix Systems Inc. had an annual average earning growth of 9.2% over the past 10 years. GuruFocus rated Citrix Systems Inc. the business predictability rank of 4-star.

New Purchase: Tongjitang Chinese Medicines Company (TCM)

Ron Baron initiated holdings in Tongjitang Chinese Medicines Company. His purchase prices were between $3.33 and $4.02, with an estimated average price of $3.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 06/30/2009.

TONGJITANG CHINESE MEDICINES COMPANY through its operating subsidiaries Tongjitang Pharmaceutical Tongjitang Distribution Tongjitang Chain Stores and Tongjitang Planting is a vertically integrated and profitable specialty pharmaceutical company focused on the development manufacturing marketing and selling of modernized traditional Chinese medicine in China. Tongjitang's principal executive offices are located in Shenzhen China. Tongjitang's flagship product Xianling Gubao is the leading traditional Chinese medicine for the treatment of osteoporosis in China as measured by sales in Renminbi. In addition to Xianling Gubao the Company manufactures and markets other modernized traditional Chinese medicine products and western medicines. Tongjitang Chinese Medicines Company has a market cap of $107 million; its shares were traded at around $3.1583 with a P/E ratio of 39.5 and P/S ratio of 1.6.

New Purchase: Credicorp Ltd. (BAP)

Ron Baron initiated holdings in Credicorp Ltd.. His purchase prices were between $49.74 and $62.18, with an estimated average price of $55.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 5,500 shares as of 06/30/2009.

CreditCorp LTD is a limited liability company to act as a holding company to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp's principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru while diversifying regionally. They conduct their financial business exclusively through its subsidiaries Credicorp Ltd. has a market cap of $5.71 billion; its shares were traded at around $71.59 with a P/E ratio of 15.9 and P/S ratio of 6.5. The dividend yield of Credicorp Ltd. stocks is 2.2%. Credicorp Ltd. had an annual average earning growth of 26% over the past 5 years.

New Purchase: ATA Inc. (ATAI)

Ron Baron initiated holdings in ATA Inc.. His purchase prices were between $4 and $9.5, with an estimated average price of $5.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 06/30/2009.

ATA Inc. is the leading provider of computer-based testing services in China. The Company offers comprehensive services for the creation and delivery of computer-based tests based on its proprietary testing technologies and test delivery platform. The Company's computer-based testing services are used for professional licensure and certification tests in various industries including information technology or IT services banking teaching securities insurance and accounting. ATA Inc. has a market cap of $172.3 million; its shares were traded at around $7.6399 with a P/E ratio of 38.1 and P/S ratio of 5.3.

New Purchase: Liberty Global Inc. (LBTYA)

Ron Baron initiated holdings in Liberty Global Inc.. His purchase prices were between $13.56 and $18.01, with an estimated average price of $15.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 19,000 shares as of 06/30/2009.

Liberty Global owns interests primarily in broadband distribution and content companies operating outside the continental U.S. principally in Europe Asia and Latin America. Through its subsidiaries and affiliates Liberty Global is one of the largest cable television operators in terms of subscribers outside the United States. Liberty Global Inc. has a market cap of $5.88 billion; its shares were traded at around $21.47 with a P/E ratio of 134.2 and P/S ratio of 0.6.

New Purchase: Gold Fields Ltd. (GFI)

Ron Baron initiated holdings in Gold Fields Ltd.. His purchase prices were between $10.09 and $13.58, with an estimated average price of $11.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 06/30/2009.

Gold Fields Limited is one of the world's largest unhedged gold producers with operating mines in South Africa Ghana and Australia. Gold Fields Ltd. has a market cap of $8.68 billion; its shares were traded at around $12.32 with a P/E ratio of 25.7 and P/S ratio of 2.7. The dividend yield of Gold Fields Ltd. stocks is 1.4%. Gold Fields Ltd. had an annual average earning growth of 2.8% over the past 10 years.

New Purchase: Canon Inc. (CAJ)

Ron Baron initiated holdings in Canon Inc.. His purchase prices were between $30.65 and $34.84, with an estimated average price of $33. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 15,000 shares as of 06/30/2009.

Canon Inc. is an industry leader in professional and consumer imaging equipment and information systems. Canon's extensive product line enables businesses and consumers worldwide to capture store and distribute visual information. Canon products include full-color as well as black and white copiers; color laser printers; facsimile machines; micrographics and optical disk filing systems; word processors typewriters and calculators; camcorders and lenses; semiconductor broadcast and optical equipment; and other specialized industrial products. Canon Inc. has a market cap of $43.86 billion; its shares were traded at around $35.53 with a P/E ratio of 15.1 and P/S ratio of 1. The dividend yield of Canon Inc. stocks is 3%. Canon Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Canon Inc. the business predictability rank of 2-star.

New Purchase: Douglas Emmett Inc. (DEI)

Ron Baron initiated holdings in Douglas Emmett Inc.. His purchase prices were between $8.44 and $10.3, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 15,141 shares as of 06/30/2009.

DOUGLAS EMMETT INC is a fully integrated self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company's properties are concentrated in ten submarkets Brentwood Olympic Corridor Century City Santa Monica Beverly Hills Westwood Sherman Oaks/Encino Warner Center/Woodland Hills Burbank and Honolulu. The Company focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints high-end executive housing and key lifestyle amenities. Douglas Emmett Inc. has a market cap of $1.41 billion; its shares were traded at around $11.64 with a P/E ratio of 8.6 and P/S ratio of 2.4. The dividend yield of Douglas Emmett Inc. stocks is 3.3%.

Reduced: PepsiCo Inc. (PEP)

Ron Baron reduced to his holdings in PepsiCo Inc. by 27.59%. His sale prices were between $48.13 and $54.88, with an estimated average price of $51.7. The impact to his portfolio due to this sale was less than 0.01%. Ron Baron still held 21,000 shares as of 06/30/2009.

PepsiCo Inc. consists of: Frito-Lay Company Pepsi-Cola Company and Tropicana Products. PepsiCo brands are among the best known and most respected in the world and are available in countries and territories throughout the world. PepsiCo's success is the result of superior products high standards of performance distinctive competitive strategies and the high integrity of its people. PepsiCo Inc. has a market cap of $88.05 billion; its shares were traded at around $56.56 with a P/E ratio of 15.3 and P/S ratio of 2.1. The dividend yield of PepsiCo Inc. stocks is 3.1%. PepsiCo Inc. had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated PepsiCo Inc. the business predictability rank of 2.5-star.

Reduced: AllianceBernstein Holding L.P. Units (AB)

Ron Baron reduced to his holdings in AllianceBernstein Holding L.P. Units by 26.84%. His sale prices were between $15.91 and $22.06, with an estimated average price of $18.8. The impact to his portfolio due to this sale was less than 0.01%. Ron Baron still held 83,765 shares as of 06/30/2009.

ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services primarily to pension funds endowments foreign financial institutions and to individual investors. AllianceBernstein Holding L.P. Units has a market cap of $2.01 billion; its shares were traded at around $21.85 with a P/E ratio of 14.6 and P/S ratio of 0.5. The dividend yield of AllianceBernstein Holding L.P. Units stocks is 7.5%. AllianceBernstein Holding L.P. Units had an annual average earning growth of 23.8% over the past 10 years. GuruFocus rated AllianceBernstein Holding L.P. Units the business predictability rank of 2-star.

Reduced: ENERNOC, INC. (ENOC)

Ron Baron reduced to his holdings in ENERNOC, INC. by 45.83%. His sale prices were between $15.9 and $24.87, with an estimated average price of $20.8. The impact to his portfolio due to this sale was less than 0.01%. Ron Baron still held 65,000 shares as of 06/30/2009.

ENERNOC INC. is a leading developer and provider of clean and intelligent energy solutions to commercial institutional and industrial customers as well as electric power grid operators and utilities. EnerNOC's technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center or NOC to remotely manage and reduce electricity consumption across a network of commercial institutional and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand. ENERNOC, INC. has a market cap of $548.1 million; its shares were traded at around $26.82 with and P/S ratio of 5.1.

Reduced: The Procter & Gamble Company (PG)

Ron Baron reduced to his holdings in The Procter & Gamble Company by 27.59%. His sale prices were between $48.38 and $52.76, with an estimated average price of $50.8. The impact to his portfolio due to this sale was less than 0.01%. Ron Baron still held 21,000 shares as of 06/30/2009.

The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $152.64 billion; its shares were traded at around $52.37 with a P/E ratio of 14.5 and P/S ratio of 1.9. The dividend yield of The Procter & Gamble Company stocks is 3.4%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3-star.

Reduced: Move Inc. (MOVE)

Ron Baron reduced to his holdings in Move Inc. by 24.37%. His sale prices were between $1.72 and $2.17, with an estimated average price of $2. The impact to his portfolio due to this sale was less than 0.01%. Ron Baron still held 900,000 shares as of 06/30/2009.

Homestore Inc. is a leading destination on the Internet for real estate information advertising products and services. The family of web sites consisting of homestore.com REALTOR.com HomeBuilder.com SpringStreet.com and CommercialSource.com provides the most comprehensive source of real estate listings and content on the Internet. Through the family of web sites they provide a wide variety of information and tools for consumers real estate industry professionals advertisers and providers of real estate related products and services. Move Inc. has a market cap of $374.8 million; its shares were traded at around $2.43 with and P/S ratio of 1.6.

Reduced: ATHENAHEALTH, INC. (ATHN)

Ron Baron reduced to his holdings in ATHENAHEALTH, INC. by 29.85%. His sale prices were between $28.22 and $36.96, with an estimated average price of $31.7. The impact to his portfolio due to this sale was less than 0.01%. Ron Baron still held 47,000 shares as of 06/30/2009.

ATHENAHEALTH INC is a leading provider of internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic medical record software a continuously updated payer knowledge-base and integrated back-office service operations. ATHENAHEALTH, INC. has a market cap of $1.25 billion; its shares were traded at around $37.27 with a P/E ratio of 98.1 and P/S ratio of 9.

Reduced: TechTarget Inc. (TTGT)

Ron Baron reduced to his holdings in TechTarget Inc. by 33.98%. His sale prices were between $2.47 and $4.9, with an estimated average price of $3.9. The impact to his portfolio due to this sale was -0.01%. Ron Baron still held 689,500 shares as of 06/30/2009.

TECHTARGET a leading online Information Technology media company provides IT companies with ROI-focused marketing programs to generate leads shorten sales cycles and grow revenues. The company is also a leading provider of independent peer and vendor content a leading distributor of white papers and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco Dell EMC HP IBM Intel Microsoft SAP and Symantec. TechTarget Inc. has a market cap of $237.3 million; its shares were traded at around $5.71 with a P/E ratio of 52 and P/S ratio of 2.3.

Reduced: ULTA SALON, COSMETICS & FRAGRANCE, INC. (ULTA)

Ron Baron reduced to his holdings in ULTA SALON, COSMETICS & FRAGRANCE, INC. by 92.26%. His sale prices were between $7.13 and $11.52, with an estimated average price of $9. The impact to his portfolio due to this sale was -0.01%. Ron Baron still held 154,900 shares as of 06/30/2009.

ULTA is the largest beauty retailer that provides one-stop shopping for prestige mass and salon products and salon services in the United States. ULTA provides affordable indulgence to its customers by combining the product breadth value and convenience of a beauty superstore with the distinctive environment and experience of a specialty retailer. ULTA offers a unique combination of over twenty one thousand prestige and mass beauty products across the categories of cosmetics fragrance haircare skincare bath and body products and salon styling tools as well as salon haircare products. ULTA also offers a full-service salon in all of its stores. ULTA SALON, COSMETICS & FRAGRANCE, INC. has a market cap of $622.8 million; its shares were traded at around $10.78 with a P/E ratio of 24.6 and P/S ratio of 0.6.

Reduced: America Movil S.A.B. de C.V. (AMX)

Ron Baron reduced to his holdings in America Movil S.A.B. de C.V. by 40.63%. His sale prices were between $30.98 and $38.32, with an estimated average price of $35.5. The impact to his portfolio due to this sale was -0.01%. Ron Baron still held 57,000 shares as of 06/30/2009.

American Movil is the leading provider of wireless communications services in Mexico. Through their subsidiary Radiom?vil Dipsa which operates under the trademark Telcel they provide cellular telecommunications service in all nine regions in Mexico with a network covering approximately 31.4% of the geographical area of Mexico including all major cities and approximately 89.6% of Mexico 's population. America Movil S.A.B. de C.V. has a market cap of $82.35 billion; its shares were traded at around $45.75 with a P/E ratio of 14.4 and P/S ratio of 3.2. The dividend yield of America Movil S.A.B. de C.V. stocks is 1%. America Movil S.A.B. de C.V. had an annual average earning growth of 45.5% over the past 5 years.

Reduced: CASCAL N.V. (HOO)

Ron Baron reduced to his holdings in CASCAL N.V. by 35.85%. His sale prices were between $2.69 and $3.8, with an estimated average price of $3.4. The impact to his portfolio due to this sale was -0.01%. Ron Baron still held 1,379,742 shares as of 06/30/2009.

CASCAL NV. owns operates and develops a range of water company investments. They are an experienced international operator who seeks dynamic solutions to water and wastewater problems worldwide. Their capabilities are further enhanced by capitalising on the experience of their sister company Biwater. CASCAL N.V. has a market cap of $143.7 million; its shares were traded at around $4.7 with a P/E ratio of 7.9 and P/S ratio of 0.8. The dividend yield of CASCAL N.V. stocks is 3.8%.

Reduced: iShares Russell 2000 Index (IWM)

Ron Baron reduced to his holdings in iShares Russell 2000 Index by 57.7%. His sale prices were between $46.48 and $53.01, with an estimated average price of $49.5. The impact to his portfolio due to this sale was -0.01%. Ron Baron still held 16,200 shares as of 06/30/2009.

ISHARES RUSSELL 2000 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2000 smallest companies in the Russell 3000 Index. iShares Russell 2000 Index has a market cap of $9.86 billion; its shares were traded at around $56.41 . The dividend yield of iShares Russell 2000 Index stocks is 1.3%.

Reduced: American Railcar Industries Inc. (ARII)

Ron Baron reduced to his holdings in American Railcar Industries Inc. by 56.3%. His sale prices were between $7.44 and $9.17, with an estimated average price of $8.2. The impact to his portfolio due to this sale was -0.02%. Ron Baron still held 366,812 shares as of 06/30/2009.

American Railcar Industries Inc. is a leading North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars provides fleet management services and designs and manufactures railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others. American Railcar Industries Inc. has a market cap of $217.5 million; its shares were traded at around $10.21 with a P/E ratio of 12.3 and P/S ratio of 0.2. The dividend yield of American Railcar Industries Inc. stocks is 1.1%.

Reduced: COLFAX CORPORATION (CFX)

Ron Baron reduced to his holdings in COLFAX CORPORATION by 59.53%. His sale prices were between $6.61 and $8.92, with an estimated average price of $7.9. The impact to his portfolio due to this sale was -0.02%. Ron Baron still held 674,633 shares as of 06/30/2009.

Colfax Corporation is a global supplier of fluid handling products including pumps fluid handling systems and specialty valves. Its products serve a variety of applications in the commercial marine oil and gas power generation global navy and general industrial markets and are sold worldwide primarily under the Allweiler Fairmount Houttuin Imo LSC Portland Valve Tushaco Warren and Zenith brands. COLFAX CORPORATION has a market cap of $478.3 million; its shares were traded at around $11.07 with a P/E ratio of 10 and P/S ratio of 0.8.

Reduced: Scientific Games Corp (SGMS)

Ron Baron reduced to his holdings in Scientific Games Corp by 87.26%. His sale prices were between $14.96 and $19.15, with an estimated average price of $17.2. The impact to his portfolio due to this sale was -0.03%. Ron Baron still held 227,956 shares as of 06/30/2009.

Scientific Games Corporation is the leading integrated supplier of instant tickets systems and services to lotteries and the leading supplier of wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. Scientific Games Corp has a market cap of $1.64 billion; its shares were traded at around $17.74 with a P/E ratio of 23.1 and P/S ratio of 1.5. Scientific Games Corp had an annual average earning growth of 4.1% over the past 5 years.

Reduced: PHI Inc. (PHIIK)

Ron Baron reduced to his holdings in PHI Inc. by 23.23%. His sale prices were between $10.98 and $19.44, with an estimated average price of $14.4. The impact to his portfolio due to this sale was -0.03%. Ron Baron still held 860,164 shares as of 06/30/2009.

Petroleum Helicopters Inc. provides helicopter transportation and related services worldwide to a broad range of customers including the oil and gasindustry and aeromedical programs. PHI Inc. has a market cap of $293.8 million; its shares were traded at around $19.19 with and P/S ratio of 0.6.

Reduced: Sonic Corp. (SONC)

Ron Baron reduced to his holdings in Sonic Corp. by 27.79%. His sale prices were between $8.51 and $11.99, with an estimated average price of $9.9. The impact to his portfolio due to this sale was -0.04%. Ron Baron still held 1,705,300 shares as of 06/30/2009.

Sonic Corp. operates and franchises one of the largest chain ofdrive-in restaurants in the United States. Sonic restaurants offermade-to-order hamburgers and other sandwiches and feature Sonic signatureitems such as footlong coney cheese dogs hand-battered onion rings tatertots specialty soft drinks including cherry limeades and slushes andfrozen desserts. At a typical Sonic restaurant a customer drives into oneof 24 to 36 covered drive-in spaces orders through an intercom and has the food delivered by a carhop within an average of four minutes. Sonic Corp. has a market cap of $671.6 million; its shares were traded at around $11 with a P/E ratio of 14.4 and P/S ratio of 0.9. Sonic Corp. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Sonic Corp. the business predictability rank of 4.5-star.

Reduced: DTS Inc. (DTSI)

Ron Baron reduced to his holdings in DTS Inc. by 24.07%. His sale prices were between $23.98 and $27.7, with an estimated average price of $25.6. The impact to his portfolio due to this sale was -0.05%. Ron Baron still held 900,000 shares as of 06/30/2009.

DTS Inc. is a digital technology company dedicated to delivering the ultimate entertainment experience. DTS decoders are in virtually every major brand of 5.1-channel surround processors and there are more than 300 million DTS-licensed consumer electronics products available worldwide. A pioneer in multi-channel audio DTS technology is in home theatre car audio PC and game console products as well as DVD-Video Surround Music and DVD-ROM software. DTS Inc. has a market cap of $453.5 million; its shares were traded at around $26.09 with a P/E ratio of 49.2 and P/S ratio of 7.6.

Reduced: Ultimate Software Group Inc. (ULTI)

Ron Baron reduced to his holdings in Ultimate Software Group Inc. by 27.45%. His sale prices were between $17.68 and $26.38, with an estimated average price of $21. The impact to his portfolio due to this sale was -0.05%. Ron Baron still held 876,000 shares as of 06/30/2009.

Ultimate Software is a leader in delivering Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software's fully integrated award-winning UltiPro suite enables businesses to manage human resources and payroll strategically and cost-effectively benefiting everyone in the organization. Ultimate Software offers application hosting through IBM Global Services and a business-to-business Web portal providing access to value-added resources via the Internet. Ultimate Software Group Inc. has a market cap of $648.3 million; its shares were traded at around $26.62 with and P/S ratio of 3.7.

Reduced: Capella Education Company (CPLA)

Ron Baron reduced to his holdings in Capella Education Company by 30%. His sale prices were between $47.51 and $58.65, with an estimated average price of $52.3. The impact to his portfolio due to this sale was -0.05%. Ron Baron still held 350,000 shares as of 06/30/2009.

CAPELLA EDUCATION COMPANY is a pioneer in developing high quality online degree programs for adults. Their programs are delivered through its wholly owned subsidiary They has an accredited online academic institution. Their university is known for its rigorous curricula that combine strong academic content and real world practicality presented in a flexible online format geared for adult students. Capella Education Company has a market cap of $1.08 billion; its shares were traded at around $64.48 with a P/E ratio of 31.5 and P/S ratio of 3.9.

Reduced: Immucor Inc. (BLUD)

Ron Baron reduced to his holdings in Immucor Inc. by 60.2%. His sale prices were between $13.8 and $23.06, with an estimated average price of $16.7. The impact to his portfolio due to this sale was -0.05%. Ron Baron still held 760,250 shares as of 06/30/2009.

Immucor is an international in vitro diagnostic company dedicated to automating manual processes in the hospital/donor laboratory. They develop manufacture and sell products used by hospital blood banks clinical laboratories and large blood-donor centers to test detect and identify certain properties of human blood prior to patient transfusion. Immucor's instruments utilize patented solid phase technology reagents to perform ABO grouping tests RH typing antibody screening and platelet cross-matching. Immucor Inc. has a market cap of $1.24 billion; its shares were traded at around $17.61 with a P/E ratio of 16.3 and P/S ratio of 4.1. Immucor Inc. had an annual average earning growth of 40.8% over the past 10 years. GuruFocus rated Immucor Inc. the business predictability rank of 4.5-star.

Reduced: Kennametal Inc. (KMT)

Ron Baron reduced to his holdings in Kennametal Inc. by 69.21%. His sale prices were between $17.4 and $21.61, with an estimated average price of $19.7. The impact to his portfolio due to this sale was -0.06%. Ron Baron still held 504,100 shares as of 06/30/2009.

Kennametal Inc. is a leading global supplier of tooling engineered components and advanced materials consumed in production processes. The company improves customers' competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains. Kennametal Inc. has a market cap of $1.6 billion; its shares were traded at around $21.93 with a P/E ratio of 27.4 and P/S ratio of 0.8. The dividend yield of Kennametal Inc. stocks is 2.3%. Kennametal Inc. had an annual average earning growth of 1.1% over the past 10 years.

Reduced: MSC Industrial Direct Co. Inc. (MSM)

Ron Baron reduced to his holdings in MSC Industrial Direct Co. Inc. by 28.48%. His sale prices were between $34.7 and $39.99, with an estimated average price of $37.3. The impact to his portfolio due to this sale was -0.11%. Ron Baron still held 1,347,321 shares as of 06/30/2009.

MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products such as cutting tools abrasives measuring instruments machine tool accessories safety equipment fasteners welding supplies and electrical supplies intended to satisfy the customers' maintenance repair and operations supplies requirements. MSC Industrial Direct Co. Inc. has a market cap of $2.4 billion; its shares were traded at around $38.27 with a P/E ratio of 16.1 and P/S ratio of 1.5. The dividend yield of MSC Industrial Direct Co. Inc. stocks is 2%. MSC Industrial Direct Co. Inc. had an annual average earning growth of 17.4% over the past 10 years.

Reduced: Digital Realty Trust Inc. (DLR)

Ron Baron reduced to his holdings in Digital Realty Trust Inc. by 28.97%. His sale prices were between $33.43 and $38.47, with an estimated average price of $35.7. The impact to his portfolio due to this sale was -0.17%. Ron Baron still held 1,994,652 shares as of 06/30/2009.

Digital Realty Trust owns acquires repositions and manages technology-related real estate. The Company's properties contain applications and operations critical to the day-to-day operations of technology industry tenants. Digital Realty Trust Inc. has a market cap of $3.31 billion; its shares were traded at around $43.5 with a P/E ratio of 15.2 and P/S ratio of 6.2. The dividend yield of Digital Realty Trust Inc. stocks is 3%.

Reduced: Iron Mountain Inc. (IRM)

Ron Baron reduced to his holdings in Iron Mountain Inc. by 36.48%. His sale prices were between $25.83 and $28.81, with an estimated average price of $27.6. The impact to his portfolio due to this sale was -0.22%. Ron Baron still held 2,453,537 shares as of 06/30/2009.

Iron Mountain Incorporated is one of the world's largest records and information management services company. The company is an international full-service provider of records and information management and related services enabling customers to outsource records management functions. Iron Mountain has a diversified customer base which includes more than half of the Fortune 500 and numerous commercial legal banking healthcare accounting insurance entertainment and government organizations. Iron Mountain Inc. has a market cap of $5.76 billion; its shares were traded at around $28.46 with a P/E ratio of 32.8 and P/S ratio of 1.9. Iron Mountain Inc. had an annual average earning growth of 16.7% over the past 10 years. GuruFocus rated Iron Mountain Inc. the business predictability rank of 5-star.

Reduced: Wynn Resorts Ltd. (WYNN)

Ron Baron reduced to his holdings in Wynn Resorts Ltd. by 22.99%. His sale prices were between $30.27 and $47.46, with an estimated average price of $37.6. The impact to his portfolio due to this sale was -0.29%. Ron Baron still held 4,436,203 shares as of 06/30/2009.

Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve which they've designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Le Reve will be situated at the site of the former Desert Inn & Casino on the Las Vegas Strip in Las Vegas Nevada. Wynn Resorts Ltd. has a market cap of $7.03 billion; its shares were traded at around $57.15 with a P/E ratio of 112.1 and P/S ratio of 2.4.

Sold Out: WILLBROS GROUP INC (DE) (WG)

Ron Baron sold out his holdings in WILLBROS GROUP INC (DE). His sale prices were between $11.29 and $15.96, with an estimated average price of $13.1. The impact to his portfolio due to this sale was less than 0.01%.

Willbros Group Inc. is an independent contractor serving the oil gasand power industries providing construction engineering and specialty services to industry and government entities worldwide. They place particular emphasis on projects in developing countries where they believe their experience gives them a competitive advantage. WILLBROS GROUP INC (DE) has a market cap of $486.3 million; its shares were traded at around $12.32 with a P/E ratio of 7.8 and P/S ratio of 0.3.

Sold Out: OMNITURE, INC. (OMTR)

Ron Baron sold out his holdings in OMNITURE, INC.. His sale prices were between $10.26 and $14.7, with an estimated average price of $12.4. The impact to his portfolio due to this sale was less than 0.01%.

OMNITURE INC is a leading provider of online business optimization software enabling customers to manage and enhance online offline and multi channel business initiatives. Their software which they hosts and delivers to its customers as an on demand subscription service and on premise solution enables customers to capture store and analyze information generated by their Web sites and other sources and to gain critical business insights into the performance and efficiency of marketing and sales initiatives and other business processes. OMNITURE, INC. has a market cap of $1.11 billion; its shares were traded at around $14.58 with a P/E ratio of 182.3 and P/S ratio of 3.8.

Sold Out: Broadridge Financial Solutions Inc. (BR)

Ron Baron sold out his holdings in Broadridge Financial Solutions Inc.. His sale prices were between $16.48 and $19.74, with an estimated average price of $18. The impact to his portfolio due to this sale was less than 0.01%.

Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication securities processing and clearing and outsourcing solutions. Broadridge offers a broad integrated suite of innovative global solutions across the investment lifecycle and provides awide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure thereby allowing them to increase their focus on core business activities. Broadridge Financial Solutions Inc. has a market cap of $2.85 billion; its shares were traded at around $20.3 with a P/E ratio of 14.1 and P/S ratio of 1.2. The dividend yield of Broadridge Financial Solutions Inc. stocks is 1.4%.

Sold Out: Shire plc (SHPGY)

Ron Baron sold out his holdings in Shire plc. His sale prices were between $36.3 and $41.85, with an estimated average price of $39.8. The impact to his portfolio due to this sale was less than 0.01%.

Shire Pharmaceuticals Group plc is a specialty pharmaceutical company focused primarily on two therapeutic areas: central nervous system disorders and metabolic bone diseases. (press release) Shire plc has a market cap of $9.3 billion; its shares were traded at around $49.82 with a P/E ratio of 12.2 and P/S ratio of 3. The dividend yield of Shire plc stocks is 0.6%. Shire plc had an annual average earning growth of 2.5% over the past 10 years.

Sold Out: CADBURY PLC (CBY)

Ron Baron sold out his holdings in CADBURY PLC. His sale prices were between $29.32 and $35.72, with an estimated average price of $33.1. The impact to his portfolio due to this sale was less than 0.01%.

CADBURY PLC is the world's largest confectionery business with number one or number two positions in twenty of the world's fifty largest confectionery markets. It also has the largest and most broadly spread emerging markets business of any confectionery company. With origins stretching back nearly 200 years Cadbury's brands include many global regional and local favourites including Cadbury Creme Egg and Green and Black's in chocolate; Trident Dentyne Hollywood and Bubbaloo in gum; and Halls Cadbury Eclairs Bassett's and the Natural Confectionery Company in candy. CADBURY PLC has a market cap of $13.13 billion; its shares were traded at around $38.44 with and P/S ratio of 1.3. The dividend yield of CADBURY PLC stocks is 2.7%.

Sold Out: SVB Financial Group (SIVB)

Ron Baron sold out his holdings in SVB Financial Group. His sale prices were between $18.13 and $30.04, with an estimated average price of $25.5. The impact to his portfolio due to this sale was less than 0.01%.

SVB Financial Group is an international financial services holding company serving the technology life science private equity and premium wine industries primarily through the following subsidiaries: Silicon Valley Bank SVB Capital SVB Global Financial Services SVB Alliant SVB Securities SVB Asset Management SVB India Advisors SVB Europe Advisors. SVB Financial Group has a market cap of $1.26 billion; its shares were traded at around $38.32 with a P/E ratio of 47.3 and P/S ratio of 2.2. SVB Financial Group had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated SVB Financial Group the business predictability rank of 2-star.

Sold Out: CVS Caremark Corp. (CVS)

Ron Baron sold out his holdings in CVS Caremark Corp.. His sale prices were between $29.46 and $32.19, with an estimated average price of $30.6. The impact to his portfolio due to this sale was less than 0.01%.

CVS/Caremark is the nation's premier integrated pharmacy services provider combining one of the nation's leading pharmaceutical services companies with the country's largest pharmacy chain. The company fills or manages more than one billion prescriptions per year more than any other pharmacy services provider. CVS/Caremark drives value for pharmacy services customers by effectively managing pharmaceutical costs and improving healthcare outcomes through its six thousand two hundred CVS/pharmacy stores; its pharmacy benefit management mail order and specialty pharmacy division Caremark Pharmacy Services; its retail-based health clinic subsidiary MinuteClinic; and its online pharmacy CVS.com. CVS Caremark Corp. has a market cap of $50.59 billion; its shares were traded at around $34.75 with a P/E ratio of 13.9 and P/S ratio of 0.6. The dividend yield of CVS Caremark Corp. stocks is 0.9%. CVS Caremark Corp. had an annual average earning growth of 10.5% over the past 10 years. GuruFocus rated CVS Caremark Corp. the business predictability rank of 4-star.

Sold Out: Dolby Laboratories Inc. (DLB)

Ron Baron sold out his holdings in Dolby Laboratories Inc.. His sale prices were between $35.56 and $40, with an estimated average price of $37.4. The impact to his portfolio due to this sale was less than 0.01%.

Dolby Laboratories develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For nearly four decades Dolby has been at the forefront of defining high-quality audio and surround sound in cinema broadcast home audio systems cars DVDs headphones games televisions and personal computers. Based in San Francisco with headquarters in England the company has entertainment industry liaison offices in New York and Los Angeles and licensing liaison offices in London Shanghai Beijing Hong Kong and Tokyo. Dolby Laboratories Inc. has a market cap of $4.53 billion; its shares were traded at around $40.03 with a P/E ratio of 19.7 and P/S ratio of 7.1.

Sold Out: Hansen Natural Corp. (HANS)

Ron Baron sold out his holdings in Hansen Natural Corp.. His sale prices were between $30.77 and $42.61, with an estimated average price of $36.9. The impact to his portfolio due to this sale was less than 0.01%.

Hansen Natural Corporation is a holding company and carries on no operating business except through its direct wholly-owned subsidiaries Hansen Beverage Company and Hard e Beverage Company. Hansen is engaged in the business of marketing selling and distributing so-called ``alternative`` beverage category such as natural sodas fruit juices juice cocktails. Hansen Natural Corp. has a market cap of $2.95 billion; its shares were traded at around $32.61 with a P/E ratio of 16.8 and P/S ratio of 2.9. Hansen Natural Corp. had an annual average earning growth of 113.2% over the past 5 years.

Sold Out: Linn Energy LLC (LINE)

Ron Baron sold out his holdings in Linn Energy LLC. His sale prices were between $14.28 and $19.5, with an estimated average price of $17.2. The impact to his portfolio due to this sale was less than 0.01%.

Linn Energy LLC is an independent oil and gas company focused on the development and acquisition of long-lived properties which complement its asset profile in producing basins within the United States. Its goal is to provide stability and growth in distributions to our unitholders through a combination of continued successful drilling and acquisitions. Linn Energy LLC has a market cap of $2.71 billion; its shares were traded at around $22.53 with a P/E ratio of 16.2 and P/S ratio of 1.9. The dividend yield of Linn Energy LLC stocks is 11.1%.

Sold Out: Glacier Bancorp Inc. (GBCI)

Ron Baron sold out his holdings in Glacier Bancorp Inc.. His sale prices were between $14.9 and $18.8, with an estimated average price of $16.3. The impact to his portfolio due to this sale was less than 0.01%.

Glacier Bancorp Inc. is a bank holding company. Glacier Bancorp Inc. has a market cap of $951.6 million; its shares were traded at around $15.47 with a P/E ratio of 15.2 and P/S ratio of 2.5. The dividend yield of Glacier Bancorp Inc. stocks is 3.4%. Glacier Bancorp Inc. had an annual average earning growth of 11.9% over the past 5 years.

Rating: 2.4/5 (10 votes)

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