Insights into Baron Capital's Latest 13F Filings and Key Stock Movements
Ron Baron (Trades, Portfolio), the founder of Baron Capital Management and a seasoned investor known for his focus on growth companies, has made significant changes to his portfolio in the third quarter of 2024. With a background in Chemistry from Bucknell University and law from George Washington University, Baron’s investment strategy emphasizes long-term holdings in small to mid-size companies with strong potential for sustained growth. His latest 13F filing reveals new buys, increased stakes, complete sell-outs, and reduced positions, providing a comprehensive view of his investment tactics during this period.
Summary of New Buys
Ron Baron (Trades, Portfolio) added a total of 18 stocks to his portfolio. Noteworthy new acquisitions include:
- Vornado Realty Trust (VNO, Financial), with 1,912,359 shares, making up 0.2% of the portfolio and valued at $75.35 million.
- Caesars Entertainment Inc (CZR, Financial), comprising 1,482,755 shares, which represent about 0.16% of the portfolio, with a total value of $61.89 million.
- Builders FirstSource Inc (BLDR, Financial), with 187,444 shares, accounting for 0.1% of the portfolio and valued at $36.34 million.
Key Position Increases
Ron Baron (Trades, Portfolio) also increased his stakes in 90 stocks. Significant increases include:
- GDS Holdings Ltd (GDS, Financial), with an additional 3,397,592 shares, bringing the total to 6,040,555 shares. This adjustment represents a 128.55% increase in share count, impacting the current portfolio by 0.19%, and valued at $123.23 million.
- Equinix Inc (EQIX, Financial), with an additional 50,913 shares, bringing the total to 242,133. This adjustment represents a 26.63% increase in share count, valued at $214.92 million.
Summary of Sold Out Positions
Ron Baron (Trades, Portfolio) completely exited 19 holdings in the third quarter of 2024, including:
- Baidu Inc (BIDU, Financial), where all 396,819 shares were sold, impacting the portfolio by -0.1%.
- Silk Road Medical Inc (SILK, Financial), with all 1,279,115 shares liquidated, also causing a -0.1% impact on the portfolio.
Key Position Reductions
Significant reductions were made in 157 stocks, including:
- Tesla Inc (TSLA, Financial), reduced by 587,907 shares, resulting in a -3.79% decrease in shares and a -0.33% impact on the portfolio. The stock traded at an average price of $228.05 during the quarter and has returned 55.69% over the past three months and 26.18% year-to-date.
- West Pharmaceutical Services Inc (WST, Financial), reduced by 279,326 shares, resulting in a -36.6% reduction in shares and a -0.26% impact on the portfolio. The stock traded at an average price of $306.25 during the quarter and has returned 16.96% over the past three months and -2.77% year-to-date.
Portfolio Overview
As of the third quarter of 2024, Ron Baron (Trades, Portfolio)'s portfolio included 328 stocks. The top holdings were:
- 10.36% in Tesla Inc (TSLA, Financial)
- 6.15% in Arch Capital Group Ltd (ACGL, Financial)
- 5.41% in Gartner Inc (IT, Financial)
- 3.76% in CoStar Group Inc (CSGP, Financial)
- 3.34% in MSCI Inc (MSCI, Financial)
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.
