Ron Baron's Strategic Moves: A Closer Look at Tesla Inc's -0.91% Impact

Exploring the Investment Strategies of a Renowned Growth Investor

Ron Baron (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Ron Baron (Trades, Portfolio) is the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Baron graduated from Bucknell University with a B.A. in Chemistry, and later attended George Washington University Law School in the evenings. Ron Baron (Trades, Portfolio) invests primarily in small and mid-size growth companies. He likes companies with open-ended growth opportunities and defensible niches. He applies a bottom-up company research, invests for the long-term, and tries to purchase companies at what he believes are attractive prices. He invests in growth companies using a value-oriented purchase discipline. Baron ignores short-term market fluctuations when he believes the fundamental reasons for purchasing a company have not changed. He holds investments for longer than five years on average.

Warning! GuruFocus has detected 3 Warning Sign with QNST.Ron Baron's Strategic Moves: A Closer Look at Tesla Inc's -0.91% Impact

Summary of New Buy

Ron Baron (Trades, Portfolio) added a total of 20 stocks, among them:

The most significant addition was Hinge Health Inc (NYSE:HNGE), with 945,762 shares, accounting for 0.13% of the portfolio and a total value of $48.94 million. The second largest addition to the portfolio was BXP Inc (NYSE:BXP), consisting of 571,810 shares, representing approximately 0.1% of the portfolio, with a total value of $38.58 million. The third largest addition was Pony AI Inc (NASDAQ:PONY), with 1,684,095 shares, accounting for 0.06% of the portfolio and a total value of $22.23 million.

Key Position Increases

Ron Baron (Trades, Portfolio) also increased stakes in a total of 130 stocks, among them:

The most notable increase was Toll Brothers Inc (NYSE:TOL), with an additional 611,523 shares, bringing the total to 1,134,680 shares. This adjustment represents a significant 116.89% increase in share count, a 0.19% impact on the current portfolio, with a total value of $129.50 million. The second largest increase was Samsara Inc (NYSE:IOT), with an additional 1,632,626 shares, bringing the total to 2,731,429. This adjustment represents a significant 148.58% increase in share count, with a total value of $108.66 million.

Summary of Sold Out

Ron Baron (Trades, Portfolio) completely exited 28 of the holdings in the second quarter of 2025, as detailed below:

Utz Brands Inc (NYSE:UTZ): Ron Baron (Trades, Portfolio) sold all 3,250,000 shares, resulting in a -0.13% impact on the portfolio. JD.com Inc (NASDAQ:JD): Ron Baron (Trades, Portfolio) liquidated all 873,239 shares, causing a -0.11% impact on the portfolio.

Story Continues

Key Position Reduces

Ron Baron (Trades, Portfolio) also reduced positions in 116 stocks. The most significant changes include:

Reduced Tesla Inc (NASDAQ:TSLA) by 1,194,335 shares, resulting in an -8.4% decrease in shares and a -0.91% impact on the portfolio. The stock traded at an average price of $300.61 during the quarter and has returned -3.48% over the past 3 months and -16.90% year-to-date. Reduced Ansys Inc (ANSS) by 657,758 shares, resulting in a -77.17% reduction in shares and a -0.61% impact on the portfolio. The stock traded at an average price of $327.35 during the quarter and has returned 23.64% over the past 3 months and 10.96% year-to-date.

Portfolio Overview

At the second quarter of 2025, Ron Baron (Trades, Portfolio)'s portfolio included 306 stocks, with top holdings including 11.21% in Tesla Inc (NASDAQ:TSLA), 4.87% in Arch Capital Group Ltd (NASDAQ:ACGL), 4.29% in CoStar Group Inc (NASDAQ:CSGP), 4% in Gartner Inc (NYSE:IT), and 3.57% in Guidewire Software Inc (NYSE:GWRE).Ron Baron's Strategic Moves: A Closer Look at Tesla Inc's -0.91% Impact

The holdings are mainly concentrated in 9 of all the 11 industries: Consumer Cyclical, Financial Services, Technology, Real Estate, Healthcare, Industrials, Communication Services, Basic Materials, and Consumer Defensive.Ron Baron's Strategic Moves: A Closer Look at Tesla Inc's -0.91% Impact

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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