RONB holdings

All 24 positions of Baron First Principles ETF.

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Positions

Top 10 weight

72.6%

Effective holdings

7.4

1 / sum of squared weights

In stocks

99.9%

In bonds

0.0%

Outside the US

12.4%

Asset mix

Equity99.9%

Sectors

91% of stocks classified

Technology42.1%
Consumer Discretionary28.2%
Financials10.1%
Industrials8.6%
Health Care1.7%

Countries

United States87.5%
Canada3.3%
Luxembourg2.7%
Jersey2.5%
Switzerland2.1%
Bermuda1.8%

Holdings

#	Holding	Type	Weight	Value	Shares / par	Country
1	SPCXSpace Exploration Technologies Corp. Class A Common Stock	Equity	32.06%	$158M	922,873	US
2	TSLATesla, Inc. Common Stock	Equity	12.39%	$61M	144,863	US
3	MSCIMSCI, Inc.	Equity	4.48%	$22M	39,300	US
4	HHyatt Hotels Corporation	Equity	4.47%	$22M	113,295	US
5	SCHWThe Charles Schwab Corporation	Equity	3.75%	$18M	200,145	US
6	IBKRInteractive Brokers Group, Inc. Class A Common Stock	Equity	3.52%	$17M	198,932	US
7	SHOPShopify Inc. Class A subordinate voting shares	Equity	3.29%	$16M	141,701	CA
8	RRRRed Rock Resorts, Inc. Class A Common Stock	Equity	3.03%	$15M	229,298	US
9	VRSKVerisk Analytics, Inc. Common Stock	Equity	2.91%	$14M	79,802	US
10	Spotify Technology SA	Equity	2.69%	$13M	28,867	LU
11	Birkenstock Holding Plc	Equity	2.49%	$12M	285,076	JE
12	FDSFactset Research Systems	Equity	2.39%	$12M	51,016	US
13	CHHChoice Hotels Intnl.	Equity	2.31%	$11M	103,203	US
14	FIGSFIGS, Inc.	Equity	2.29%	$11M	1,101,246	US
15	HEI.AHEICO CORP CL A	Equity	2.28%	$11M	43,403	US
16	MTNVail Resorts, Inc.	Equity	2.25%	$11M	81,238	US
17	On Holding AG	Equity	2.07%	$10M	287,631	CH
18	MORNMorningstar, Inc.	Equity	1.97%	$9.7M	62,191	US
19	Arch Capital Group Ltd	Equity	1.85%	$9.1M	93,698	BM
20	ABNBAirbnb, Inc. Class A Common Stock	Equity	1.85%	$9.1M	63,520	US
21	IDXXIdexx Laboratories Inc	Equity	1.72%	$8.4M	16,049	US
22	LYVLive Nation Entertainment Inc.	Equity	1.50%	$7.4M	40,175	US
23	GWREGUIDEWIRE SOFTWARE, INC.	Equity	1.47%	$7.3M	58,937	US
24	KNSLKinsale Capital Group, Inc.	Equity	0.83%	$4.1M	12,393	US

Find which other funds hold a stock by opening it and choosing "ETFs holding".

Position changes between reports

Action	Holding	Weight before	Weight after	Shares vs flows	Between reports
New position	SPCXSpace Exploration Technologies Corp	—	32.06%	—	Mar 31, 2026 → Jun 30, 2026 SEC
Exit	Space Exploration Technologies	5.70%	—	—	Mar 31, 2026 → Jun 30, 2026 SEC
Exit	ITGartner Inc	4.20%	—	—	Mar 31, 2026 → Jun 30, 2026 SEC
Decrease	GWREGuidewire Software Inc	3.70%	1.47%	−32.9%	Mar 31, 2026 → Jun 30, 2026 SEC
Decrease	SHOPShopify Inc	5.39%	3.29%	−12.1%	Mar 31, 2026 → Jun 30, 2026 SEC
Decrease	KNSLKinsale Capital Group Inc	2.92%	0.83%	−59.2%	Mar 31, 2026 → Jun 30, 2026 SEC
Decrease	FDSFactSet Research Systems Inc	4.43%	2.39%	−29.5%	Mar 31, 2026 → Jun 30, 2026 SEC
New position	MORNMorningstar Inc	—	1.97%	—	Mar 31, 2026 → Jun 30, 2026 SEC
Exit	CSGPCoStar Group Inc	1.97%	—	—	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	TSLATesla Inc	13.59%	12.39%	+11.7%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	SCHWCharles Schwab Corp/The	4.67%	3.75%	+13.7%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	Birkenstock Holding Plc	1.81%	2.49%	+58.9%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	HEI.AHEICO Corp	1.73%	2.28%	+49.6%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	IBKRInteractive Brokers Group Inc	3.05%	3.52%	+23.3%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	Arch Capital Group Ltd	2.30%	1.85%	+10.1%	Mar 31, 2026 → Jun 30, 2026 SEC
Decrease	LYVLive Nation Entertainment Inc	1.94%	1.50%	−10.9%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	On Holding AG	2.29%	2.07%	+20.6%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	IDXXIDEXX Laboratories Inc	1.91%	1.72%	+33.1%	Mar 31, 2026 → Jun 30, 2026 SEC
Increase	ABNBAirbnb Inc	1.75%	1.85%	+29.4%	Mar 31, 2026 → Jun 30, 2026 SEC
Exit	X.AI HOLDINGS CORP.	7.45%	—	—	Dec 31, 2025 → Mar 31, 2026 SEC
New position	Space Exploration Technologies	—	5.70%	—	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	TSLATesla Inc	10.29%	13.59%	+24.1%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	CSGPCoStar Group Inc	4.21%	1.97%	−39.5%	Dec 31, 2025 → Mar 31, 2026 SEC
New position	FIGSFigs Inc	—	2.12%	—	Dec 31, 2025 → Mar 31, 2026 SEC
Exit	MORNMorningstar Inc	2.07%	—	—	Dec 31, 2025 → Mar 31, 2026 SEC
Exit	TOLToll Brothers Inc	1.94%	—	—	Dec 31, 2025 → Mar 31, 2026 SEC
Exit	IOTSamsara Inc	1.80%	—	—	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	SCHWCharles Schwab Corp/The	3.12%	4.67%	+23.5%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	IDXXIDEXX Laboratories Inc	3.35%	1.91%	−46.8%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	HEI.AHEICO Corp	3.14%	1.73%	−48.9%	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	VRSKVerisk Analytics Inc	3.59%	4.71%	+20.2%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	IBKRInteractive Brokers Group Inc	4.09%	3.05%	−44.5%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	GWREGuidewire Software Inc	4.69%	3.70%	−17.5%	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	MTNVail Resorts Inc	1.88%	2.73%	+16.9%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	Spotify Technology SA	5.06%	4.26%	−21.6%	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	ITGartner Inc	3.58%	4.20%	+45.3%	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	Birkenstock Holding Plc	1.21%	1.81%	+32.5%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	Arch Capital Group Ltd	2.81%	2.30%	−36.5%	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	FDSFactSet Research Systems Inc	3.97%	4.43%	+15.8%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	RRRRed Rock Resorts Inc	3.97%	3.57%	−18.9%	Dec 31, 2025 → Mar 31, 2026 SEC
Increase	On Holding AG	1.93%	2.29%	+25.9%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	CHHChoice Hotels International Inc	2.57%	2.90%	−19.3%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	ABNBAirbnb Inc	2.06%	1.75%	−29.1%	Dec 31, 2025 → Mar 31, 2026 SEC
Decrease	KNSLKinsale Capital Group Inc	3.02%	2.92%	−13.8%	Dec 31, 2025 → Mar 31, 2026 SEC

Share-count changes are measured after removing what creations and redemptions explain.

Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.