LongSPCXJun 2026
Space Exploration Technologies Corp.
SpaceX is the fund's largest holding and Baron believes reusable launch technology can continue dramatically reducing the cost of accessing space. Lower launch costs support…
Baron Partners Fund
Focused all-cap growth investing in well-managed businesses with sustainable competitive advantages and the potential to approximately double in value over five to six years.$18B AUM8 published ideas
Baron Partners Fund is a concentrated, non-diversified growth fund managed by Baron Capital. It invests for the long term across market capitalizations and allows substantial individual-position concentration and leverage when the managers believe long-term reward justifies the risk.
Ideas from Baron Partners Fund
LongTSLAJun 2026
Tesla, Inc.
Baron views Tesla increasingly as a vertically integrated physical-AI company rather than only an electric-vehicle manufacturer. Full Self-Driving penetration and subscriptions…
LongGWREJun 2026
Guidewire Software, Inc.
Guidewire's multi-year transition from on-premise software to the cloud is now substantially complete, removing a major historical overhang. A landmark ten-year agreement with…
LongITJun 2026
Gartner, Inc.
Gartner's recent contract-value slowdown reflects temporary public-sector cost cutting and caution among companies exposed to tariffs and macroeconomic uncertainty. Baron rejects…
LongFDSJun 2026
FactSet Research Systems Inc.
The market has discounted FactSet because of perceived AI disruption, but Baron believes the company is becoming critical infrastructure for AI-enabled financial workflows…
LongMORNJun 2026
Morningstar, Inc.
Morningstar's share price has been pressured by fears that generative AI will disrupt financial research and data services. Baron instead views Morningstar's trusted, structured…
LongCSGPJun 2026
CoStar Group, Inc.
CoStar is the leading information and marketing platform serving commercial and residential real estate, but its valuation compressed sharply as investors generalized AI…
LongHJun 2026
Hyatt Hotels Corporation
Hyatt benefited from accelerating revenue per available room and stronger franchisee interest in its brands during the quarter. These trends are translating into improving…
Letters covered
- Baron Partners Fund Quarterly LetterJune 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.