# Portfolio overlap — BCFN vs BDAFX

Comparing **Baron Financials ETF** (2026-03-31) and **Baron Durable Advantage Fund** (2026-03-31).

- Shared positions: 10
- Baron Financials ETF covered by Baron Durable Advantage Fund: 0.2553749725677470597669616476
- Baron Durable Advantage Fund covered by Baron Financials ETF: 0.2553749725677470597669616476

## Baron Financials ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MASTERCARD INC CL A | 0.056456 | ✓ |
| VISA INC-CLASS A | 0.055881 | ✓ |
| S&P GLOBAL INC | 0.055824 | ✓ |
| SCHWAB CHARLES CORP | 0.044925 |  |
| LPL FINL HLDGS INC | 0.040913 | ✓ |
| MERCADOLIBRE INC | 0.036856 |  |
| INTERACTIVE BROKERS GROUP INC | 0.035908 |  |
| KKR & CO INC | 0.035769 |  |
| TRADEWEB MARKETS INC A | 0.035471 |  |
| CME GROUP INC CL A | 0.035121 | ✓ |
| MSCI INC | 0.034374 | ✓ |
| MOODYS CORP | 0.034123 | ✓ |
| INTUIT INC | 0.033820 | ✓ |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.033280 |  |
| MORGAN STANLEY | 0.032978 |  |
| APOLLO GLOBAL MANAGEMENT INC | 0.029590 | ✓ |
| BANK OF AMERICA CORPORATION | 0.026933 |  |
| VERISK ANALYTICS INC | 0.025388 |  |
| HOULIHAN LOKEY I | 0.024416 |  |
| GUIDEWIRE SOFTWARE INC | 0.024161 |  |
| CAPITAL ONE FINANCIAL CORP | 0.024039 |  |
| BLACKROCK INC | 0.023507 |  |
| FAIR ISAAC CORP | 0.021581 |  |
| ARCH CAPITAL GROUP LTD | 0.021417 | ✓ |
| WISE PLC - A | 0.018313 |  |
| JACK HENRY | 0.017457 |  |
| SHOPIFY INC CL A | 0.016895 |  |
| PROGRESSIVE CORP OHIO | 0.015070 |  |
| PRIMERICA INC | 0.012753 |  |
| TRANSUNION | 0.011839 |  |
| ROBINHOOD MARKETS INC | 0.011781 |  |
| EQUIFAX INC | 0.010722 |  |
| KINSALE CAPITAL GROUP INC | 0.009533 |  |
| BLOCK INC CL A | 0.008870 |  |
| SERVICETITAN INC-A | 0.008362 |  |
| ROCKET COS INC-A | 0.007873 |  |
| TWFG INC (CLASS A) | 0.006641 |  |
| ALKAMI TECHNOLOGY INC | 0.004971 |  |
| BRP GROUP INC-A | 0.004766 |  |
| NEPTUNE INSURANCE HOLDINGS INC | 0.004440 |  |
| FACTSET RESEARCH SYSTEMS INC | 0.004430 |  |
| Accelerant Holdings, Class A | 0.002554 |  |

## Baron Durable Advantage Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.083105 |  |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.080335 |  |
| AMAZON.COM INC | 0.070374 |  |
| ALPHABET INC CL C | 0.069475 |  |
| META PLATFORMS INC CL A | 0.068097 |  |
| MONOLITHIC POWER SYS INC | 0.050804 |  |
| BROADCOM INC | 0.049774 |  |
| MICROSOFT CORP | 0.049137 |  |
| VISA INC-CLASS A | 0.040964 | ✓ |
| WELLTOWER INC | 0.033208 |  |
| MSCI INC | 0.031572 | ✓ |
| BROOKFIELD CORP CL A | 0.030324 |  |
| LPL FINL HLDGS INC | 0.029863 | ✓ |
| MOODYS CORP | 0.029742 | ✓ |
| S&P GLOBAL INC | 0.028791 | ✓ |
| CME GROUP INC CL A | 0.028073 | ✓ |
| HEICO CORP CL A | 0.028066 |  |
| APOLLO GLOBAL MANAGEMENT INC | 0.022793 | ✓ |
| BLACKSTONE INC | 0.022694 |  |
| AMPHENOL CORPORATION CL A | 0.021250 |  |
| TRANSDIGM GROUP INC | 0.019357 |  |
| MASTERCARD INC CL A | 0.015716 | ✓ |
| INTUIT INC | 0.015139 | ✓ |
| THERMO FISHER SCIENTIFIC INC | 0.013342 |  |
| COSTCO WHOLESALE CORP | 0.013198 |  |
| ARCH CAPITAL GROUP LTD | 0.012722 | ✓ |
| QUANTA SVCS INC | 0.012097 |  |
| METTLER-TOLEDO INTL INC | 0.011361 |  |
| TEXAS ROADHOUSE INC | 0.010858 |  |
| LAM RESEARCH CORP | 0.007768 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-049916` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/2081199/000141036826049916/0001410368-26-049916-index.htm>
- N-PORT (fund B) — accession `0001410368-26-049911` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/810902/000141036826049911/0001410368-26-049911-index.htm>

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