Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The investment goal of Baron Opportunity Fund (the Fund) is capital appreciation through investments primarily in growth companies that benefit from technology advances.
Strategy. The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. high growth businesses of any market capitalization selected for their capital appreciation potential. BAMCO, Inc. (BAMCO or the Adviser) may invest in companies in any sector or industry that it believes will benefit from innovations and advances in technology. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. high growth businesses of any market capitalization selected for their capital appreciation potential. BAMCO, Inc. (BAMCO or the Adviser) may invest in companies in any sector or industry that it believes will benefit from innovations and advances in technology. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $214.49M | 13.26% |
| SPACE EXPLORATION TECHNOLOGIES | — | $106.87M | 6.61% |
| BROADCOM INC | — | $101.64M | 6.28% |
| AMAZON.COM INC | — | $101.12M | 6.25% |
| SPACE EXPLORATION TECH CORP | — | $97.52M | 6.03% |
| TESLA INC | — | $87.44M | 5.41% |
| SPOTIFY TECHNOLOGY SA | — | $64.25M | 3.97% |
| META PLATFORMS INC CL A | — | $62.48M | 3.86% |
| ALPHABET INC CL A | — | $61.54M | 3.80% |
| LILLY ELI and CO | — | $55.09M | 3.41% |
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. |
|---|---|---|
| Baron Technology ETF · BCTK | 59% | 0.75% |
| Baron Technology Fund · BTEUX, BTEEX, BTECX | 59% | 0.95% |
| BARON FIFTH AVENUE GROWTH FUND · BFTHX, BFTIX, BFTUX | 58% | 0.75% |
Advisers
| Firm | Role |
|---|---|
| BAMCO, Inc. | Adviser |
Footnotes
- Expense ratio as of January 28, 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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