{"entity_type":"fund","name":"BARON DISCOVERY FUND","identifiers":{"lei":"549300BBGGOLONVYLL69","cik":"810902","fund_id":"S000042178","fundkey":"baron-discovery-fund"},"dates":{"reporting_period_start":"2025-12-31","reporting_period_end":"2026-09-30","filing_date":"2026-03-02"},"summary":{"total_positions":59,"total_value_usd":1829813220.39,"asset_categories":["EC"],"by_asset_category":{"EC":{"positions":59,"total_value_usd":1829813220.39}}},"holdings":[{"issuer_name":"Exact Sciences Corp","title":"Exact Sciences Corp","isin":"US30063P1057","value_usd":65518285.64,"pct_val":3.461107779103,"balance":645119,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Liberty Live Holdings Inc","title":"Liberty Live Holdings Inc","isin":"US5309093087","value_usd":58212000,"pct_val":3.075141604653,"balance":700000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"DraftKings Inc","title":"DraftKings Inc","isin":"US26142V1052","value_usd":53413000,"pct_val":2.821626787077,"balance":1550000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Establishment Labs Holdings Inc","title":"Establishment Labs Holdings Inc","isin":"VGG312491084","value_usd":50275903.6,"pct_val":2.655904673811,"balance":689845,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"VG","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Alkami Technology Inc","title":"Alkami Technology Inc","isin":"US01644J1088","value_usd":49600500,"pct_val":2.620225403037,"balance":2150000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Loar Holdings Inc","title":"Loar Holdings Inc","isin":"US53947R1059","value_usd":49572000,"pct_val":2.61871984515,"balance":729000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Dynatrace Inc","title":"Dynatrace Inc","isin":"US2681501092","value_usd":46450728.5,"pct_val":2.453833707428,"balance":1071775,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Repligen Corp","title":"Repligen Corp","isin":"US7599161095","value_usd":44840780.58,"pct_val":2.368785644656,"balance":273653,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Clearwater Analytics Holdings Inc","title":"Clearwater Analytics Holdings Inc","isin":"US1851231068","value_usd":44622000,"pct_val":2.357228212101,"balance":1850000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Mercury Systems Inc","title":"Mercury Systems Inc","isin":"US5893781089","value_usd":43429122.38,"pct_val":2.294212552125,"balance":594838,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CareDx Inc","title":"CareDx Inc","isin":"US14167L1035","value_usd":42775033.08,"pct_val":2.259659243193,"balance":2270437,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Wynn Resorts Ltd","title":"Wynn Resorts Ltd","isin":"US9831341071","value_usd":42115500,"pct_val":2.224818357912,"balance":350000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ServiceTitan Inc","title":"ServiceTitan Inc","isin":"US81764X1037","value_usd":42067500,"pct_val":2.22228268147,"balance":395000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Advanced Energy Industries Inc","title":"Advanced Energy Industries Inc","isin":"US0079731008","value_usd":40194852.6,"pct_val":2.123357100309,"balance":191980,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Intapp Inc","title":"Intapp Inc","isin":"US45827U1097","value_usd":38947000,"pct_val":2.057437299465,"balance":850000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Gitlab Inc","title":"Gitlab Inc","isin":"US37637K1088","value_usd":38210231.25,"pct_val":2.018516316916,"balance":1018125,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Karman Holdings Inc","title":"Karman Holdings Inc","isin":"US4859241048","value_usd":37854133.65,"pct_val":1.999704894098,"balance":517345,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SiteOne Landscape Supply Inc","title":"SiteOne Landscape Supply Inc","isin":"US82982L1035","value_usd":37368000,"pct_val":1.974024109852,"balance":300000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Wingstop Inc","title":"Wingstop Inc","isin":"US9741551033","value_usd":36965950,"pct_val":1.952785178323,"balance":155000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Procore Technologies Inc","title":"Procore Technologies Inc","isin":"US74275K1088","value_usd":36370000,"pct_val":1.921303170502,"balance":500000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Montrose Environmental Group Inc","title":"Montrose Environmental Group Inc","isin":"US6151111019","value_usd":35233770,"pct_val":1.861280011265,"balance":1419000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Novanta Inc","title":"Novanta Inc","isin":"CA67000B1040","value_usd":34810524.5,"pct_val":1.838921393695,"balance":292550,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Birkenstock Holding Plc","title":"Birkenstock Holding Plc","isin":"JE00BS44BN30","value_usd":34765000,"pct_val":1.836516489483,"balance":850000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"JE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Masimo Corp","title":"Masimo Corp","isin":"US5747951003","value_usd":34726020,"pct_val":1.834457308906,"balance":267000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Texas Roadhouse Inc","title":"Texas Roadhouse Inc","isin":"US8826811098","value_usd":34030000,"pct_val":1.797688943969,"balance":205000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Guidewire Software Inc","title":"Guidewire Software Inc","isin":"US40171V1008","value_usd":33238410.57,"pct_val":1.755871971696,"balance":165357,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Waystar Holding Corp","title":"Waystar Holding Corp","isin":"US9467841055","value_usd":32913750,"pct_val":1.738721260052,"balance":1005000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"StepStone Group Inc","title":"StepStone Group Inc","isin":"US85914M1071","value_usd":32085000,"pct_val":1.694941221489,"balance":500000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Casella Waste Systems Inc","title":"Casella Waste Systems Inc","isin":"US1474481041","value_usd":31830500,"pct_val":1.681496853688,"balance":325000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SiTime Corp","title":"SiTime Corp","isin":"US82982T1060","value_usd":29526684,"pct_val":1.559794104581,"balance":83600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Kinsale Capital Group Inc","title":"Kinsale Capital Group Inc","isin":"US49714P1084","value_usd":29334000,"pct_val":1.549615265424,"balance":75000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Varonis Systems Inc","title":"Varonis Systems Inc","isin":"US9222801022","value_usd":29060800,"pct_val":1.535183040344,"balance":886000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Badger Meter Inc","title":"Badger Meter Inc","isin":"US0565251081","value_usd":28777650,"pct_val":1.520225190668,"balance":165000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SentinelOne Inc","title":"SentinelOne Inc","isin":"US81730H1095","value_usd":27525000,"pct_val":1.454051959528,"balance":1835000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Netskope Inc","title":"Netskope Inc","isin":"US64119N6085","value_usd":27440628.4,"pct_val":1.449594895394,"balance":1564460,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Kratos Defense & Security Solutions Inc","title":"Kratos Defense & Security Solutions Inc","isin":"US50077B2079","value_usd":25973213.78,"pct_val":1.372076381183,"balance":342158,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Stevanato Group SpA","title":"Stevanato Group SpA","isin":"IT0005452658","value_usd":25782351.48,"pct_val":1.361993776231,"balance":1281429,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IT","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Primo Brands Corp","title":"Primo Brands Corp","isin":"US7416231022","value_usd":25751250,"pct_val":1.360350791019,"balance":1575000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"JFrog Ltd","title":"JFrog Ltd","isin":"IL0011684185","value_usd":25608600,"pct_val":1.352815077594,"balance":410000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IL","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Nova Ltd","title":"Nova Ltd","isin":"IL0010845571","value_usd":24671612.31,"pct_val":1.303317210684,"balance":75129,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IL","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"RBC Bearings Inc","title":"RBC Bearings Inc","isin":"US75524B1044","value_usd":24663650,"pct_val":1.302896588978,"balance":55000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AAON Inc","title":"AAON Inc","isin":"US0003602069","value_usd":24018750,"pct_val":1.268828719452,"balance":315000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HeartFlow Inc","title":"HeartFlow Inc","isin":"US42238D1072","value_usd":23603454.6,"pct_val":1.246890078575,"balance":809724,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TWFG Inc","title":"TWFG Inc","isin":"US87318A1016","value_usd":22584450,"pct_val":1.193059537779,"balance":785000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Brunello Cucinelli SpA","title":"Brunello Cucinelli SpA","isin":"US11687Q1094","value_usd":22366043.7,"pct_val":1.181521877162,"balance":1950000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IT","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Floor & Decor Holdings Inc","title":"Floor & Decor Holdings Inc","isin":"US3397501012","value_usd":21311500,"pct_val":1.125813926812,"balance":350000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GCI Liberty Inc","title":"GCI Liberty Inc","isin":"US36164V8000","value_usd":21091037.31,"pct_val":1.114167634118,"balance":566811,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Veracyte Inc","title":"Veracyte Inc","isin":"US92337F1075","value_usd":19736059,"pct_val":1.042588747041,"balance":468790,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"indie Semiconductor Inc","title":"indie Semiconductor Inc","isin":"US45569U1016","value_usd":18541907.45,"pct_val":0.979505789684,"balance":5252665,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Tempus AI Inc","title":"Tempus AI Inc","isin":"US88023B1035","value_usd":17546057.95,"pct_val":0.926898453922,"balance":297139,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Liberty Media Corp-Liberty Formula One","title":"Liberty Media Corp-Liberty Formula One","isin":"US5312297717","value_usd":16535300,"pct_val":0.873503555545,"balance":185000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"On Holding AG","title":"On Holding AG","isin":"CH1134540470","value_usd":16268000,"pct_val":0.859383007361,"balance":350000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Arcellx Inc","title":"Arcellx Inc","isin":"US03940C1009","value_usd":15205748.4,"pct_val":0.803267874918,"balance":233217,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Enerpac Tool Group Corp","title":"Enerpac Tool Group Corp","isin":"US2927651040","value_usd":14340000,"pct_val":0.757533336953,"balance":375000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Inspire Medical Systems Inc","title":"Inspire Medical Systems Inc","isin":"US4577301090","value_usd":13056724.41,"pct_val":0.68974226025,"balance":141567,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ARS Pharmaceuticals Inc","title":"ARS Pharmaceuticals Inc","isin":"US82835W1080","value_usd":12519194.85,"pct_val":0.661346405208,"balance":1074609,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ategrity Specialty Holdings LLC","title":"Ategrity Specialty Holdings LLC","isin":"US04681Y1038","value_usd":11555500,"pct_val":0.610437690039,"balance":550000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Arcutis Biotherapeutics Inc","title":"Arcutis Biotherapeutics Inc","isin":"US03969K1088","value_usd":9292800,"pct_val":0.49090695911,"balance":320000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Billiontoone Inc","title":"Billiontoone Inc","isin":"US0901681058","value_usd":3689756.4,"pct_val":0.194917257896,"balance":45085,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=810902&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/baron-discovery-fund.json","page":"https://dealcharts.org/capitalmarkets/funds/baron-discovery-fund/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: BARON DISCOVERY FUND | LEI: 549300BBGGOLONVYLL69 | 59 positions totaling $1,829,813,220 across EC | Filing: Sun Mar 01 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-03-02"}
