RONB
Baron First Principles ETF
Baron ETF Trust
ETF
Expense ratio1
1.00%
Net assets2
$278.17M
Holdings2
25
Category
US Equity
Return

Investment objective & strategy

As of March 4, 2026 · prospectus

Objective. The investment goal of Baron First Principles ETF (the Fund) is capital appreciation.

Strategy. The Fund is a non-diversified fund that, under normal circumstances, invests primarily in equity securities (including depositary receipts) of U.S. growth companies of any market capitalization. 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 (including depositary receipts) of U.S. growth companies of any market capitalization. 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
SecurityTickerValue% of fund
TESLA INC $37.80M 13.59%
MSCI INC $18.36M 6.60%
SPACE EXPLORATION TECHNOLOGIES $15.85M 5.70%
SHOPIFY INC CL A $15.00M 5.39%
SPACE EXPLORATION TECHNOLOGIES $14.16M 5.09%
VERISK ANALYTICS INC $13.11M 4.71%
SCHWAB CHARLES CORP $12.98M 4.67%
HYATT HOTELS CORP CL A $12.77M 4.59%
FACTSET RESEARCH SYSTEMS INC $12.31M 4.43%
SPOTIFY TECHNOLOGY SA $11.85M 4.26%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
2
Exited
4
Increased
23
Decreased
0
Unchanged
0

How 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.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Baron Focused Growth Fund · BFGFX, BFGIX, BFGUX 74% 1.05%
Baron Partners Fund · BPTRX, BPTIX, BPTUX 65% 1.99%
BARON GROWTH FUND · BGRFX, BGRIX, BGRUX 39% 1.34%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
BAMCO, Inc. Adviser

Footnotes

  1. Expense ratio as of March 4, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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