Notable Investors / Q1 2026
Ron Baron’s Portfolio — BARON SILVER STEVENS FINANCIAL ADVISORS, LLC
Founder, Chairman & CEO, Baron Capital
CIK 0001851395 · 4800 N. FEDERAL HIGHWAY, SUITE 210-A, BOCA RATON, FL, 33431 · 561-447-1997
About Ron Baron
Ron Baron founded Baron Capital in 1982 to invest in growth companies run by exceptional entrepreneurs and hold them for a decade or more. His early, enormous, and unwavering Tesla position became one of the most profitable single-stock bets in mutual-fund history.
Baron's 13F reads like a founder-quality index: Tesla and SpaceX-adjacent exposure, Hyatt, MSCI, Gartner, and other long-duration growth names, many held since well before they were famous.
Portfolio data below is from BARON SILVER STEVENS FINANCIAL ADVISORS, LLC’s SEC 13F filings. View the full filer page →
Summary
Baron Silver Stevens Financial Advisors, LLC reported $689M in U.S.-listed holdings across 134 positions for Q1 2026.
Its largest position, Ishares Tr, represents 8.3% of the portfolio.
Compared with Q4 2025, the fund opened 9 new positions and exited 7.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 90.9% · $626M
- Common Stock · 8.9% · $62M
- Other · 0.2% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SOSOUTHERN CO | NEW | +8.1K | 8.1K | +$780,364 | $780,364 |
| SPDR SERIES TRUST | NEW | +19.1K | 19.1K | +$488,215 | $488,215 |
| NOCNORTHROP GRUMMAN CORP | NEW | +647 | 647 | +$441,409 | $441,409 |
| LINDE PLC | NEW | +622 | 622 | +$308,363 | $308,363 |
| MSIMOTOROLA SOLUTIONS INC | NEW | +691 | 691 | +$299,873 | $299,873 |
| TAT&T INC | NEW | +9.3K | 9.3K | +$268,659 | $268,659 |
| UNPUNION PAC CORP | NEW | +852 | 852 | +$206,834 | $206,834 |
| TXNTEXAS INSTRS INC | NEW | +1.1K | 1.1K | +$205,998 | $205,998 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | CORE S&P500 ETF · RUS 1000 GRW ETF · CORE US AGGBD ET · CORE S&P MCP ETF · CORE S&P SCP ETF · MSCI USA MIN VOL · CORE S&P TTL STK · CORE MSCI TOTAL · NATIONAL MUN ETF · CORE MSCI EAFE · CORE HIGH DV ETF · MSCI USA VALUE · FUTURE EXPONENTI · 0-3 MNTH TREASRY · IBONDS DEC2026 | 39.64% | $273M | 1.99M |
| 2 | VTVVANGUARD INDEX FDS | VALUE ETF · TOTAL STK MKT · GROWTH ETF · S&P 500 ETF SHS · SMALL CP ETF · MID CAP ETF | 21.17% | $146M | 525.8K |
| 3 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 5.63% | $39M | 180.4K |
| 4 | ISHARES INC | MSCI GBL MIN VOL · CORE MSCI EMKT | 4.47% | $31M | 346.1K |
| 5 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 4.28% | $29M | 400.1K |
| 6 | VANGUARD STAR FDS | VG TL INTL STK F | 3.50% | $24M | 312.4K |
| 7 | J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 1.70% | $12M | 234.8K |
| 8 | VANGUARD MUN BD FDS | TAX EXEMPT BD | 1.50% | $10M | 207.2K |
| 9 | AAPLAPPLE INChistory → | COM | 1.48% | $10M | 40.3K |
| 10 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 1.38% | $10M | 64.4K |
| 11 | SCHWAB STRATEGIC TR | US DIVIDEND EQ | 0.96% | $7M | 216.7K |
| 12 | VANGUARD WELLINGTON FD | US MULTIFACTOR | 0.90% | $6M | 39.9K |
| 13 | VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 0.84% | $6M | 97.6K |
| 14 | DFAUDIMENSIONAL ETF TRUSThistory → | US CORE EQT MKT | 0.74% | $5M | 112.7K |
| 15 | MSFTMICROSOFT CORPhistory → | COM | 0.72% | $5M | 13.4K |
| 16 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · ALLWRLD EX US | 0.71% | $5M | 77.8K |
| 17 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.66% | $5M | 15.9K |
| 18 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 0.40% | $3M | 4.2K |
| 19 | AMZNAMAZON COM INChistory → | COM | 0.37% | $3M | 12.2K |
| 20 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.34% | $2M | 36.9K |
| 21 | JPMJPMORGAN CHASE & COhistory → | COM | 0.34% | $2M | 8.0K |
| 22 | SELECT SECTOR SPDR TR | STATE STREET TEC | 0.31% | $2M | 16.2K |
| 23 | NVDANVIDIA CORPORATIONhistory → | COM | 0.31% | $2M | 12.3K |
| 24 | COSTCOSTCO WHOLESALE CORPORATIONhistory → | COM | 0.26% | $2M | 1.8K |
| 25 | VANGUARD MALVERN FDS | STRM INFPROIDX | 0.25% | $2M | 35.2K |
| 26 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 0.24% | $2M | 3.5K |
| 27 | METAMETA PLATFORMS INChistory → | CL A | 0.24% | $2M | 2.9K |
| 28 | VVISA INChistory → | COM CL A | 0.24% | $2M | 5.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $689M | 134 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $693M | 132 | Feb 6, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $683M | 146 | Oct 28, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $624M | 144 | Jul 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $572M | 124 | May 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $589M | 127 | Jan 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $573M | 120 | Oct 28, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $527M | 112 | Jul 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $517M | 127 | May 2, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $477M | 105 | Feb 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $442M | 106 | Oct 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $456M | 109 | Jul 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $384M | 102 | Apr 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $407M | 97 | Jan 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $367M | 103 | Nov 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $387M | 104 | Jul 26, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $427M | 95 | May 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $423M | 78 | Jan 31, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $375M | 74 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $369M | 87 | Jul 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $184M | 48 | Apr 27, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.