Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The investment goal of Baron Growth Fund (the Fund) is capital appreciation through long-term investments primarily in securities of small-sized growth companies.
Strategy. The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. small-sized growth companies. BAMCO, Inc. (BAMCO or the Adviser) defines small-sized companies as those, at the time of purchase, with market capitalizations up to the largest market cap stock in the Russell 2000 Growth Index at reconstitution, or companies with market capitalizations up to $2.5 billion, whichever is larger. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. Because of its long-term approach, the Fund could have a significant percentage of its assets invested in securities that have appreciated beyond their market capitalizations at the time of the Funds … The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. small-sized growth companies. BAMCO, Inc. (BAMCO or the Adviser) defines small-sized companies as those, at the time of purchase, with market capitalizations up to the largest market cap stock in the Russell 2000 Growth Index at reconstitution, or companies with market capitalizations up to $2.5 billion, whichever is larger. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. Because of its long-term approach, the Fund could have a significant percentage of its assets invested in securities that have appreciated beyond their market capitalizations at the time of the Funds investment.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ARCH CAPITAL GROUP LTD | — | $575.08M | 22.01% |
| MSCI INC | — | $481.55M | 18.43% |
| KINSALE CAPITAL GROUP INC | — | $295.16M | 11.29% |
| CHOICE HOTELS INTL INC | — | $284.62M | 10.89% |
| FIGS INC-CLASS A | — | $182.68M | 6.99% |
| GARTNER INC | — | $167.84M | 6.42% |
| FACTSET RESEARCH SYSTEMS INC | — | $146.47M | 5.60% |
| PRIMERICA INC | — | $144.28M | 5.52% |
| RED ROCK RESORTS INC | — | $125.28M | 4.79% |
| IDEXX LABS INC | — | $112.38M | 4.30% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| LVIP Baron Growth Opportunities Fund | 62% | 0.89% |
| VY(R) BARON GROWTH PORTFOLIO · IBSAX, IBGIX, IBSSX, IBCGX, VYRBX | 61% | 0.98% |
| Baron First Principles ETF · RONB | 39% | 1.00% |
Advisers
| Firm | Role |
|---|---|
| BAMCO, Inc. | Adviser |
Footnotes
- Expense ratio as of February 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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