Exploring the Strategic Moves of a Renowned Growth Investor
Ron Baron (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Ron Baron (Trades, Portfolio) is the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Baron graduated from Bucknell University with a B.A. in Chemistry, and later attended George Washington University Law School in the evenings. Ron Baron (Trades, Portfolio) invests primarily in small and mid-size growth companies. He likes companies with open-ended growth opportunities and defensible niches. He applies a bottom-up company research, invests for the long-term, and tries to purchase companies at what he believes are attractive prices. He invests in growth companies using a value-oriented purchase discipline. Baron ignores short-term market fluctuations when he believes the fundamental reasons for purchasing a company have not changed. He holds investments for longer than five years on average.
Summary of New Buy
Ron Baron (Trades, Portfolio) added a total of 29 stocks, among them:
- The most significant addition was American Tower Corp (AMT, Financial), with 699,676 shares, accounting for 0.45% of the portfolio and a total value of $152.25 million.
- The second largest addition to the portfolio was Prologis Inc (PLD, Financial), consisting of 792,536 shares, representing approximately 0.26% of the portfolio, with a total value of $88.60 million.
- The third largest addition was Karman Holdings Inc (KRMN, Financial), with 2,400,648 shares, accounting for 0.24% of the portfolio and a total value of $80.23 million.
Key Position Increases
Ron Baron (Trades, Portfolio) also increased stakes in a total of 101 stocks, among them:
- The most notable increase was FIGS Inc (FIGS, Financial), with an additional 27,833,825 shares, bringing the total to 58,671,584 shares. This adjustment represents a significant 90.26% increase in share count, a 0.37% impact on the current portfolio, with a total value of $269.30 million.
- The second largest increase was Wynn Resorts Ltd (WYNN, Financial), with an additional 745,404 shares, bringing the total to 854,666. This adjustment represents a significant 682.22% increase in share count, with a total value of $71.36 million.
Summary of Sold Out
Ron Baron (Trades, Portfolio) completely exited 31 holdings in the first quarter of 2025, as detailed below:
- Inari Medical Inc (NARI, Financial): Ron Baron (Trades, Portfolio) sold all 1,312,528 shares, resulting in a -0.17% impact on the portfolio.
- Aspen Technology Inc (AZPN, Financial): Ron Baron (Trades, Portfolio) liquidated all 253,214 shares, causing a -0.16% impact on the portfolio.
Key Position Reduces
Ron Baron (Trades, Portfolio) also reduced positions in 136 stocks. The most significant changes include:
- Reduced Ansys Inc (ANSS, Financial) by 563,914 shares, resulting in a -39.82% decrease in shares and a -0.49% impact on the portfolio. The stock traded at an average price of $335.47 during the quarter and has returned 1.65% over the past 3 months and 2.13% year-to-date.
- Reduced Tesla Inc (TSLA, Financial) by 365,676 shares, resulting in a -2.51% reduction in shares and a -0.38% impact on the portfolio. The stock traded at an average price of $333.26 during the quarter and has returned -3.58% over the past 3 months and -15.04% year-to-date.
Portfolio Overview
At the first quarter of 2025, Ron Baron (Trades, Portfolio)'s portfolio included 314 stocks, with top holdings including 10.82% in Tesla Inc (TSLA), 5.64% in Arch Capital Group Ltd (ACGL, Financial), 4.65% in Gartner Inc (IT, Financial), 4.43% in CoStar Group Inc (CSGP, Financial), and 3.44% in MSCI Inc (MSCI, Financial).
The holdings are mainly concentrated in 9 of the 11 industries: Consumer Cyclical, Financial Services, Technology, Real Estate, Healthcare, Industrials, Communication Services, Basic Materials, and Consumer Defensive.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
