Ron Baron

Ron Baron

Last Update: 08-14-2017

Number of Stocks: 338
Number of New Stocks: 38

Total Value: $19,575 Mil
Q/Q Turnover: 4%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ron Baron' s Profile & Performance

Profile

Ron Baron 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.

Web Page:http://www.baronfunds.com/

Investing Philosophy

Ron Baron 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.

Total Holding History

Performance of Baron Partners Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20164.0411.96-7.9
2015-2.711.38-4.1
201410.2613.69-3.4
3-Year Cumulative11.6 (3.7%/year)29 (8.9%/year)-17.4 (-5.2%/year)
201347.6332.3915.2
201216.4160.4
5-Year Cumulative91.8 (13.9%/year)98.2 (14.7%/year)-6.4 (-0.8%/year)
2011-5.742.11-7.8
201031.5215.0616.5
200928.226.461.7
2008-46.67-37-9.7
200711.345.495.9
10-Year Cumulative81 (6.1%/year)95.7 (6.9%/year)-14.7 (-0.8%/year)
200621.5515.795.8
200514.374.919.5
200442.3510.8831.5
200334.9528.686.3
2002-18.07-22.14.0
15-Year Cumulative296 (9.6%/year)164.2 (6.7%/year)131.8 (2.9%/year)
2001-15.71-11.89-3.8
20004.82-9.113.9
199918.4221.04-2.6
199811.6828.58-16.9
199749.8833.3616.5
20-Year Cumulative593.5 (10.2%/year)339.2 (7.7%/year)254.3 (2.5%/year)
199616.1322.96-6.8
199536.9437.58-0.6
19944.761.323.4
199328.7810.0818.7
199216.837.629.2
25-Year Cumulative1638.3 (12.1%/year)791.8 (9.1%/year)846.5 (3%/year)

Top Ranked Articles

Intel, Mobileye Join to Advance Autonomous Vehicle Technology Deal is valued at around $15 billion
In the latest move by a technology company to advance the development of self-driving cars, Intel Corp. (NASDAQ:INTC) announced on March 13 it has reached an agreement to buy Israel’s Mobileye NV (MBLY) for approximately $15.3 billion. Read more...
Baron Opportunity Fund Comments on The Charles Schwab Corp Guru stock highlight
Shares of brokerage business The Charles Schwab Corp. (NYSE:SCHW) increased during the fourth quarter on the potential of multiple interest rate increases into 2017, which should materially improve the company’s earnings. Charles Schwab also reported solid asset growth reaching over $2.7 trillion. The business continued to shift to fee-based advice from trading activity, a move that we believe creates more stability and the potential for increased profitability. (Michael Baron) Read more...
Baron Funds Comments on Netflix Guru stock highlight
We initiated a position in Netflix, Inc. (NASDAQ:NFLX) in the quarter. Netflix is the leading provider of on-demand streaming media that is now available in over 100 countries worldwide. We view that this form of Internet TV, which is on demand, personalized, and available anywhere, is replacing the linear TV experience. Netflix management has targeted 60 to 90 million U.S. subscribers long term and approximately twice that number globally. We view recent partnerships with multi-channel video programming distributors such as Comcast, DISH, and Virgin, who have integrated the Netflix offering on to their platforms as another positive. As the company scales subscribers as it has in the U.S., we expect margin expansion to follow accordingly. (Ashim Mehra) Read more...
Baron Asset Fund Comments on Gartner Inc. Guru stock highlight
Gartner (IT) provides syndicated information and technology research and advisory services to IT and other businesses. The low price of its research relative to value has produced retention rates running above 100%. The Gartner brand is highly regarded, and it is frequently cited in the media as a leading expert on IT trends. Its stock price has almost quadrupled since we first invested and it is currently the Fund’s second largest holding. We think Gartner still has considerable room to expand both organically and through acquisitions such as research and advisory company CEB Inc., which it acquired earlier this year. We believe its key forward-looking metrics, including easing annual comparisons, improved sales force productivity, and increasingly refined sales tactics, point toward continued robust growth. Read more...
Baron Funds Comments on Encana Corp Guru stock highlight
Encana Corp. (NYSE:ECA) is an E&P company with operations in Western Canada and Texas. The stock rose in the fourth quarter after Encana reported production guidance that beat Street expectations, a solid multi-year growth outlook, and lower cash costs. Encana has strong positions in two of the more attractive oil plays in the Permian and Eagle Ford Basins and two of the lowest cost natural gas basins in Western Canada. We believe Encana is one of the most attractively valued E&P companies with strong long-term growth and returns potential. Read more...
» More Ron Baron Articles

Commentaries and Stories

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Bargain Stocks With Strong Earnings DCF gives wide margins of safety Ron Baron,Mario Gabelli,Jim Simons,Joel Greenblatt - Bargain Stocks With Strong Earnings
Companies with growing earnings per share (EPS) are often good investments as they can return a solid profit to investors. According to the discount cash flow (DCF) calculator, the following are undervalued companies that have grown EPS over a five-year period. More...

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Baron Capital - Fueling the FANGs: The Future Is All About ‘Personalization’ Michael Lippert, portfolio manager of Baron Opportunity Fund, discusses how FANG companies use data to drive continuous improvements, which, in turn, drives growth Ron Baron - Baron Capital - Fueling The FANGs: The Future Is All About ‘Personalization’
Since a massive breakout year in 2015, the group of stocks known as FANG -- Facebook, Amazon, Netflix, and Google (now called Alphabet) -- has been a hotly-debated topic among investors. They averaged returns of 83% between them in 2015 and posted another solid year, albeit without the same degree of outperformance, in 2016. As of early September, 2017 has been more of the same, with all four comfortably pacing ahead of the broader market. The continued strength of these household names fosters natural questions about whether they are becoming overvalued or if the growth stories being priced into the shares have run their course. More...

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Is Tesla a Trillion-Dollar Company? A closer look at the company's valuation Ron Baron - Is Tesla A Trillion-Dollar Company?
Introduction More...

LONG, TESLA, VALUATION


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9 Stocks Ron Baron Keeps Buying The guru increased his position in the last 2 quarters Ron Baron - 9 Stocks Ron Baron Keeps Buying
Ron Baron (Trades, Portfolio) founded Baron Capital Management, an investment management firm. In both the first and second quarters, the guru invested in the following stocks: More...

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Ron Baron Cuts Stake in Company With Declining Earnings Baron Funds sells half its position in CaesarStone Ron Baron - Ron Baron Cuts Stake In Company With Declining Earnings
Ron Baron (Trades, Portfolio)’s firm New York-based Baron Funds has chopped in half its position in CaesarStone Ltd. to 3.85% from 7.7%, according to GuruFocus Real Time Picks. More...

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High-Quality Stocks: Priceline, Nike, Novo Nordisk These 7 companies receive high predictability ratings Ron Baron,Chuck Royce,Jim Simons,Murray Stahl,Stev - High-Quality Stocks: Priceline, Nike, Novo Nordisk
According to GuruFocus’ All-in-One Screener, the following stocks have high business predictability ratings, and total returns since the beginning of the year are positive. At least five gurus are shareholders in the companies. More...

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Stocks With High Business Predictability Ratings Gurus are buying these high-quality stocks Ron Baron,Jim Simons,Chuck Royce,Columbia Wanger,R - Stocks With High Business Predictability Ratings
According to GuruFocus’ All-In-One Screener, the following stocks have high business predictability ratings and positive total returns since the beginning of the year. More...

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Beating the Benchmark Stocks that are still outperforming the market Ron Baron,Pioneer Investments,Chris Davis,Manning  - Beating The Benchmark
According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter. More...

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Well-Managed, Competitively Advantaged Growth Companies Wanted Ron Baron has a system that IDs high-potential growth companies with fundamental analysis, intense focus on management and valuation models Ron Baron - Well-Managed, Competitively Advantaged Growth Companies Wanted
Ron Baron (Trades, Portfolio) got his first taste of investing profits as a teenager. That was apparently enough to get him into the investment management industry and later to launch his own firm in 1982. More...

GURUS, INVESTING GURU, RON BARON, BARON CAPITAL MANAGEMENT, BARON FUNDS, MUTUAL FUNDS, GROWTH, GROWTH INVESTOR, TESLA, FUNDAMENTAL ANALYSIS, VALUATION MODELS


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Baron Funds Comments on Banco Santander-Chile Guru stock highlight
We also recently initiated a position in Chilean bank Banco Santander-Chile (NYSE:BSAC), in our view one of the best managed Latin American banks. We believe the bank will benefit from a market-friendly shift in political direction in Chile combined with the substantial recovery in commodity prices over the past year. Responding to the slowdown that ensued post commodity-boom, the bank adopted a conservative position, exiting high risk segments, preserving liquidity, being more selective on asset growth, and cutting costs. As a result, we think Banco Santander-Chile is well positioned to benefit as a new credit cycle emerges in the country. More...

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Baron Funds Comments on BM&FBOVESPA SA Guru stock highlight
As the leading operator of financial exchanges in Brazil, BM&FBOVESPA SA (BSP:BVMF3) should benefit from the long-term development of the Brazilian capital markets, in our view. While the macroeconomic environment in Brazil remains weak, expectations of a recovery have driven solid gains in BM&FBOVESPA along with the broader Brazilian equity market and currency. Shares have also benefited from the company’s recent acquisition of Cetip, a provider of registration, custody, and settlement of fixed income securities, derivatives, and auto liens. The company has high barriers to entry due to its scale advantages, capital resources, and vertical integration into post-trading activities. We think BM&FBOVESPA will benefit from continued growth in trading volumes, bolstered by an improved competitive position from its acquisition of Cetip. More...

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Baron Funds Comments on China Everbright Limited Guru stock highlight
China Everbright Limited (HKSE:00165) is an asset management company with approximately US$6.5 billion in AuM, operating in Hong Kong and mainland China. The company has grown AuM at a 30% CAGR over the last five years and we believe it can maintain this impressive rate of growth as it is a big beneficiary of China’s increasing demand for asset diversification. Growth in AuM for the asset management industry is expected to triple by 2020 as China pushes to internationalize the RMB and eases investment constraints for institutional/state-owned investors. In addition we believe the low interest rates that have resulted from economic stimulus, a stagnating real estate market, and a recent crackdown on so-called wealth management products will compel more Chinese households to shift assets from traditional, low-yield products such as savings accounts into professionally managed investment vehicles. Taken together, we think these trends represent a significant opportunity for asset managers such as China Everbright. More...

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Baron Funds Comments on Haitong Securities Co. Guru stock highlight
Haitong Securities Co., Ltd. (SHSE:600837) is a leading firm providing securities and futures brokerage, investment banking, asset management, proprietary trading, and direct investment services. We believe the securities industry in China is still in early stages of development which provides meaningful growth opportunities such as deeper penetration of capital markets and the development of more sophisticated products. Trading volumes have fallen in response to a government crackdown on market misconduct, but we believe this headwind will prove temporary. In addition, should reforms move forward, we believe Haitong is well positioned to increase its participation in the financing of private and public enterprises, which is currently dominated by the state-owned bank sector. More...

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Baron Funds Comments on Worldpay Group plc Guru stock highlight
As is the case with numerous other industries, aspects of the financial industry are experiencing transformative technology-driven change, ranging from electronic trading platforms to software-as-a-service suppliers of financial intelligence to the investment community. While many of our financial technology holdings are based in the U.S., we also own U.K.-based Worldpay Group plc. (LSE:WPG), the largest payment processor and merchant acquirer in Europe. More...

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Baron Funds Comments on Worldpay Group plc Guru stock highlight
As is the case with numerous other industries, aspects of the financial industry are experiencing transformative technology-driven change, ranging from electronic trading platforms to software-as-a-service suppliers of financial intelligence to the investment community. While many of our financial technology holdings are based in the U.S., we also own U.K.-based Worldpay Group plc. (LSE:WPG), the largest payment processor and merchant acquirer in Europe. More...

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Baron Funds Comments on Julius Baer Group Ltd. Guru stock highlight
We think Swiss private bank Julius Baer Group Ltd. (XSWX:BAER) is also well positioned to benefit from higher rates globally. The firm is one of the leading independent private banks, with over 5,800 employees and AuM of over CHF300 billion. Longer term, we think Julius Baer will be among the winners in the global private banking industry given its presence in fast growing geographies, stellar reputation, and scale, which we think will lead to solid net-new money growth. In addition to being positively levered to higher rates, the firm is highly cash generative, which offers strategic flexibility, including the opportunity to increase dividends, buy back shares, or engage in accretive acquisitions. More...

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Baron Funds Comments on BNP Paribas Guru stock highlight
Given our view that European monetary policy remains accommodative while growth prospects have brightened, we recently initiated a position in BNP Paribas S.A. (LSE:TRYS) of France, which we believe was offered at a particularly attractive valuation given concerns over the upcoming French elections at the time of our purchase. We are seeing the beginning of a lagged upturn in credit growth across Europe, and believe we will see rising earnings momentum and strength across Financials in many of the European countries as we look ahead over the next year or two, and continue to actively look for investment opportunities in the region. More...

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Baron Insight: Banking on Growth in International Financials By Jose Barria, research analyst and Josh Saltman, VP, research analyst Ron Baron - Baron Insight: Banking On Growth In International Financials
The surge in global Financials following the U.S. presidential election in November 2016 has drawn investor attention back to this long-out-of-favor sector. We think the sector merits this renewed consideration. International Financials have lagged significantly since the global 2007-08 financial crisis triggered by the collapse in the subprime mortgage market in the U.S. Even with the recent uptick, as of March 31, 2017, the category, as measured by the MSCI ACWI ex USA Financials Index, was still down more than 25% since its October 2007 peak, compared with the broader market, as measured by the MSCI ACWI ex USA Index, which was roughly unchanged. While their stock prices have trailed, many financial company fundamentals have continued to improve. More...

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Baron Funds Comments on Benefitfocus Guru stock highlight
Shares of benefits software vendor Benefitfocus, Inc. (NASDAQ:BNFT) fell in the first quarter after the company reported 2017 guidance that was lower than analysts expected. We see several short-term headwinds, including longer implementation periods for national accounts, slower employer signings because of a sales force restructuring, and a revenue share of BenefitStore commissions. While we believe these headwinds will weigh on reported growth through mid-2017, we don’t believe they impact its large long-term growth opportunity. (Neal Rosenberg) More...

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Baron Funds Comments on AO World Guru stock highlight
AO World plc (LSE:AO.) is the leading online seller of major domestic appliances in the U.K. Shares were down in the first quarter as the company continues to be negatively impacted by rising appliance manufactured in Europe as the British Pound weakens relative to the Euro. We expect higher costs for AO products to stabilize later in 2017. AO continues to execute its domestic U.K. plan and take share from competitors. We expect its German business to expand while the company works to improve terms with vendors in advance of further volume expansion. (Ashim Mehra) More...

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