Baron Funds Buys PagSeguro Digital, Hudson, Amazon.com Inc, Sells Masonite International Corp, Baidu Inc, MACOM Technology Solutions Holdings Inc

• New Purchases: PAGS, HUD, MOMO, WAT, COLD, OEC, PLNT, SYNH, EXP, ATVI,
• Added Positions: AMZN, IBP, HLI, PBR, SFLY, PENN, H, SAGE, GWRE, TSLA,
• Reduced Positions: DOOR, BIDU, MTSI, CTRP, BITA, CBRE, IDXX, BFAM, VLP, ACGL,
• Sold Out: LSXMK, MIC, WBT, WAB, BSAC, EFII, SQM, HSIC, DM, ACIW,

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

1. Vail Resorts Inc (MTN) - 4,974,631 shares, 5.07% of the total portfolio. Shares reduced by 2.83%
2. CoStar Group Inc (CSGP) - 2,530,041 shares, 4.22% of the total portfolio. Shares reduced by 3.59%
3. IDEXX Laboratories Inc (IDXX) - 4,471,606 shares, 3.94% of the total portfolio. Shares reduced by 4.88%
4. Gartner Inc (IT) - 6,932,476 shares, 3.75% of the total portfolio. Shares reduced by 1.63%
5. Arch Capital Group Ltd (ACGL) - 8,071,122 shares, 3.18% of the total portfolio. Shares reduced by 4.3%

Baron Funds initiated holding in PagSeguro Digital Ltd. The purchase prices were between $27.43 and $38.32, with an estimated average price of $32.1. The stock is now traded at around $32.05. The impact to a portfolio due to this purchase was 0.45%. The holding were 2,567,064 shares as of 2018-03-31.

Baron Funds initiated holding in Hudson Ltd. The purchase prices were between $14.87 and $18, with an estimated average price of $15.99. The stock is now traded at around $16.73. The impact to a portfolio due to this purchase was 0.2%. The holding were 2,785,000 shares as of 2018-03-31.

Baron Funds initiated holding in Momo Inc. The purchase prices were between $24.48 and $39.82, with an estimated average price of $31.61. The stock is now traded at around $37.66. The impact to a portfolio due to this purchase was 0.16%. The holding were 908,466 shares as of 2018-03-31.

Baron Funds initiated holding in Waters Corp. The purchase prices were between $191.79 and $218.7, with an estimated average price of $206.81. The stock is now traded at around $194.30. The impact to a portfolio due to this purchase was 0.15%. The holding were 168,468 shares as of 2018-03-31.

Baron Funds initiated holding in Americold Realty Trust. The purchase prices were between $17.53 and $19.08, with an estimated average price of $18.08. The stock is now traded at around $21.47. The impact to a portfolio due to this purchase was 0.13%. The holding were 1,528,439 shares as of 2018-03-31.

Baron Funds initiated holding in Orion Engineered Carbons SA. The purchase prices were between $25.5 and $29.9, with an estimated average price of $27.91. The stock is now traded at around $27.38. The impact to a portfolio due to this purchase was 0.12%. The holding were 1,000,000 shares as of 2018-03-31.

Baron Funds added to a holding in Amazon.com Inc by 48.07%. The purchase prices were between $1189.01 and $1598.39, with an estimated average price of $1430.19. The stock is now traded at around $1604.52. The impact to a portfolio due to this purchase was 0.16%. The holding were 73,947 shares as of 2018-03-31.

Baron Funds added to a holding in Houlihan Lokey Inc by 180.11%. The purchase prices were between $43.6 and $51.55, with an estimated average price of $47.33. The stock is now traded at around $46.74. The impact to a portfolio due to this purchase was 0.14%. The holding were 1,019,189 shares as of 2018-03-31.

Baron Funds added to a holding in Installed Building Products Inc by 166.67%. The purchase prices were between $55.55 and $77.6, with an estimated average price of $66.48. The stock is now traded at around $60.90. The impact to a portfolio due to this purchase was 0.14%. The holding were 800,000 shares as of 2018-03-31.

Baron Funds added to a holding in Petroleo Brasileiro SA Petrobras by 38.46%. The purchase prices were between $10.7 and $14.71, with an estimated average price of $13.16. The stock is now traded at around $15.14. The impact to a portfolio due to this purchase was 0.12%. The holding were 6,674,235 shares as of 2018-03-31.

Baron Funds added to a holding in Shutterfly Inc by 33.33%. The purchase prices were between $48.45 and $85.74, with an estimated average price of $69.72. The stock is now traded at around $93.30. The impact to a portfolio due to this purchase was 0.09%. The holding were 1,000,000 shares as of 2018-03-31.

Baron Funds added to a holding in Sage Therapeutics Inc by 107.96%. The purchase prices were between $152.15 and $192.33, with an estimated average price of $169.69. The stock is now traded at around $159.29. The impact to a portfolio due to this purchase was 0.07%. The holding were 183,263 shares as of 2018-03-31.

Baron Funds sold out a holding in Liberty SiriusXM Group. The sale prices were between $38.64 and $44.81, with an estimated average price of $41.77.

Baron Funds sold out a holding in Macquarie Infrastructure Corp. The sale prices were between $36.56 and $67.4, with an estimated average price of $53.86.

Baron Funds sold out a holding in Welbilt Inc. The sale prices were between $19.2 and $23.6, with an estimated average price of $21.35.

Baron Funds sold out a holding in Westinghouse Air Brake Technologies Corp. The sale prices were between $71.15 and $85.2, with an estimated average price of $80.49.

Baron Funds sold out a holding in Electronics for Imaging Inc. The sale prices were between $25.75 and $31.1, with an estimated average price of $28.68.

Baron Funds sold out a holding in Banco Santander Chile. The sale prices were between $31.44 and $34.78, with an estimated average price of $33.12.

Baron Funds reduced to a holding in Masonite International Corp by 56.55%. The sale prices were between $58.45 and $74.85, with an estimated average price of $67.3. The stock is now traded at around $63.53. The impact to a portfolio due to this sale was -0.31%. Baron Funds still held 699,939 shares as of 2018-03-31.

Baron Funds reduced to a holding in Baidu Inc by 31.77%. The sale prices were between $212.07 and $265.67, with an estimated average price of $246.43. The stock is now traded at around $262.08. The impact to a portfolio due to this sale was -0.28%. Baron Funds still held 548,957 shares as of 2018-03-31.

Baron Funds reduced to a holding in MACOM Technology Solutions Holdings Inc by 96.5%. The sale prices were between $15.72 and $37.13, with an estimated average price of $25.78. The stock is now traded at around $22.51. The impact to a portfolio due to this sale was -0.21%. Baron Funds still held 52,000 shares as of 2018-03-31.

Baron Funds reduced to a holding in Ctrip.com International Ltd by 86.77%. The sale prices were between $43.65 and $49.62, with an estimated average price of $46.91. The stock is now traded at around $43.61. The impact to a portfolio due to this sale was -0.19%. Baron Funds still held 144,838 shares as of 2018-03-31.

Baron Funds reduced to a holding in Bitauto Holdings Ltd by 67.98%. The sale prices were between $20.03 and $39.15, with an estimated average price of $31.11. The stock is now traded at around $22.40. The impact to a portfolio due to this sale was -0.18%. Baron Funds still held 586,415 shares as of 2018-03-31.

Baron Funds reduced to a holding in CBRE Group Inc by 31.53%. The sale prices were between $41.78 and $47.88, with an estimated average price of $45.5. The stock is now traded at around $46.54. The impact to a portfolio due to this sale was -0.17%. Baron Funds still held 1,860,557 shares as of 2018-03-31.