LongLPLAJun 2026
LPL Financial Holdings Inc.
Baron believes recent weakness in LPL Financial reflects a temporary sentiment overhang rather than deterioration in the company's growth outlook. Investors have become concerned…
Baron Financials ETF
Long-term investment in competitively advantaged, growing financial and financial-related companies across market capitalizations and geographies.21 published ideas
Baron Financials ETF invests in growing financial and financial-related businesses and divides holdings between established Leaders and higher-growth Challengers. The portfolio has significant exposure to Capital Markets, Banks, Payments, Information Services, Insurance, and Financial Software. The ETF was converted from Baron FinTech Fund in December 2025 with an identical investment goal and substantially similar investment strategy.
Ideas from Baron Financials ETF
LongGWREJun 2026
Guidewire Software, Inc.
Baron believes Guidewire's recent weakness was caused primarily by deal timing rather than deterioration in its business. Several contracts slipped from the fiscal third quarter…
LongOLLIJun 2026
Ollie's Bargain Outlet
Baird re-established a position in Ollie's Bargain Outlet during the quarter. The fund believes new merchandising leadership should improve execution and operating performance…
LongCROXJun 2026
Crocs
Baird initiated a position in Crocs because it sees an attractive opportunity as the company's growth outlook improves. The fund expects improving revenue growth prospects to…
LongAGYSJun 2026
Agilysys
Baird added Agilysys as it increased exposure to software despite continued weakness across the sector. The fund views Agilysys as a high-quality cloud software business with…
LongCTRIJun 2026
Centuri
Baird initiated Centuri because it believes the market is underestimating the company's growth potential. A record backlog points to earnings growth above current market…
LongAAONJun 2026
AAON
Baird purchased AAON to maintain exposure to industrial companies benefiting from AI infrastructure investment. The fund believes investors are underestimating both the duration…
LongMDAJun 2026
MDA Space
Baird purchased MDA Space because it believes the company can benefit from a structural expansion of the space economy. Lower launch costs driven by reusable rockets are opening…
LongASNDJun 2026
Ascendis Pharma
Baird added Ascendis Pharma as part of an increase in exposure to commercial-stage therapeutics companies with promising growth potential. Ascendis has developed a proprietary…
LongAXSMJun 2026
Axsome Therapeutics
Baird added Axsome Therapeutics as one of several commercial-stage therapeutic companies with promising growth potential. The company already has multiple marketed products…
LongALKSJun 2026
Alkermes
Baird added Alkermes as part of its increased exposure to commercial-stage therapeutics. The fund highlights Alkermes as one of a small number of companies with a leading product…
LongVJun 2026
Visa Inc.
Baron continues to own Visa because it sees a long runway for growth and significant competitive advantages. Revenue and earnings grew strongly during the quarter, payment…
LongMODJun 2026
Modine
Baird purchased Modine as an industrial company positioned to benefit from continued AI infrastructure spending. The fund believes the market is underestimating the persistence…
LongGNRCJun 2026
Generac
Baird purchased Generac as part of its effort to retain exposure to AI-related industrial growth. The fund expects a long-term increase in demand for resilient power…
LongAERJun 2026
AerCap Holdings N.V.
Baron initiated a position in AerCap, the world's largest aircraft leasing company, because it sees a combination of secular air travel growth, constrained aircraft supply…
LongJPMJun 2026
JPMorgan Chase & Co.
Baron initiated a position in JPMorgan Chase during the quarter after a share-price pullback created what it viewed as an attractive valuation. The firm considers JPMorgan an…
LongAXPJun 2026
American Express Company
Baron initiated American Express during the quarter following a pullback in its shares. The fund views the company as an industry leader gaining share in a large global market…
LongIBKRJun 2026
Interactive Brokers Group, Inc.
Baron views Interactive Brokers as a structural share gainer in the global brokerage market. Client accounts, customer equity, margin balances, and trading activity continue to…
LongMSJun 2026
Morgan Stanley
Baron retains long-term conviction in Morgan Stanley following strong execution across Wealth Management and Institutional Securities. Record fee-based flows, strong trading and…
LongCMEJun 2026
CME Group, Inc.
Baron believes the sell-off in CME Group is overdone and sees minimal risk to its dominant institutional derivatives franchise. Near-term trading activity weakened as market…
LongTWJun 2026
Tradeweb Markets Inc.
Baron continues to own Tradeweb despite weaker trading activity as market volatility moderated during the quarter. The fund believes Tradeweb has strong network effects and a…
Letters covered
- Baron Financials ETF Quarterly LetterJune 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.