Ron Baron's latest portfolio shows a strong bet on long-term growth companies, with SpaceX, Tesla, MSCI, Arch Capital and Gartner forming the top five holdings. The portfolio is heavily tilted towards businesses linked to space, electric vehicles, financial market infrastructure, insurance and data-led services. According to reports, the overall portfolio value via Baron Funds is around $66 billion.
Baron Funds’ approach has for long centred on companies that can compound over many years, even if near-term stock moves remain volatile. The biggest holding is SpaceX, which accounts for 34.3% of the portfolio. The position was added as a new holding in Q2 2026. The average buy price is shown at $169.55, while the current price is $143.49, implying a 15.4% decline from the average purchase price.
