Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The investment goal of Baron Partners Fund (the Fund) is capital appreciation.
Strategy. The Fund is a non-diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. growth companies of any market capitalization. BAMCO, Inc. (BAMCO or the Adviser) seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. To take advantage of opportunities to invest, the Fund may borrow money from banks (leverage) in an amount up to one-third of its total assets, which include assets purchased with borrowed money. The Fund is a non-diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. growth companies of any market capitalization. BAMCO, Inc. (BAMCO or the Adviser) seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. To take advantage of opportunities to invest, the Fund may borrow money from banks (leverage) in an amount up to one-third of its total assets, which include assets purchased with borrowed money.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TESLA INC | — | $2.40B | 23.16% |
| SPACE EXPLORATION TECHNOLOGIES | — | $1.64B | 15.81% |
| SPACE EXPLORATION TECHNOLOGIES | — | $1.17B | 11.26% |
| SPACE EXPLORATION TECHNOLOGIES | — | $693.29M | 6.69% |
| ARCH CAPITAL GROUP LTD | — | $592.74M | 5.72% |
| MSCI INC | — | $484.30M | 4.67% |
| HYATT HOTELS CORP CL A | — | $481.70M | 4.65% |
| SCHWAB CHARLES CORP | — | $457.26M | 4.41% |
| FACTSET RESEARCH SYSTEMS INC | — | $406.86M | 3.93% |
| GARTNER INC | — | $375.66M | 3.63% |
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 First Principles ETF · RONB | 65% | 1.00% |
| Baron Focused Growth Fund · BFGFX, BFGIX, BFGUX | 62% | 1.05% |
| BARON ASSET FUND · BARAX, BARIX, BARUX | 40% | 1.05% |
Advisers
| Firm | Role |
|---|---|
| BAMCO, Inc. | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, 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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