# EDGAR Filing Document

**Accession Number:** 0001217673
**File Stem:** 0001752724-25-209290
**Filing Date:** 2025-8
**Character Count:** 18770
**Document Hash:** 23bb9c56a2eaaec82827f45942484d8d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209290.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209290

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARON SELECT FUNDS
- **CENTRAL INDEX KEY:** 0001217673

**ORGANIZATION NAME:**
- **EIN:** 161651307
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21296
- **FILM NUMBER:** 251264261

**BUSINESS ADDRESS:**
- **STREET 1:** 767 FIFTH AVE
- **STREET 2:** 49TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153
- **BUSINESS PHONE:** 2125832000

**MAIL ADDRESS:**
- **STREET 1:** 767 FIFTH AVE
- **STREET 2:** 49TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153

## Series and Classes Contracts Data

### Baron FinTech Fund (Series ID: S000067398)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000216732 | R6 Shares            | BFIUX           |
| C000216733 | Retail Shares        | BFINX           |
| C000216734 | Institutional Shares | BFIIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BARON SELECT FUNDS

- **b. Investment Company Act file number:** 811-21296

- **c. CIK number of Registrant:** 0001217673

- **d. LEI of Registrant:** 549300U6KWVIU0PW2H88

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 767 FIFTH AVE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10153

  - **Telephone number:** 212-583-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Baron FinTech Fund

- **b. EDGAR series identifier (if any):** S000067398

- **c. LEI of Series:** 549300GJT2F1VTB1XT98

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $74859269.92

**Total Liabilities:** $86441.20

**Net Assets:** $74772828.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216732 | 0.46%                | 5.88%                | 2.72%                |
| Class ID C000216733 | 0.41%                | 5.90%                | 2.70%                |
| Class ID C000216734 | 0.46%                | 5.88%                | 2.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $708564.85               | $-417656.67                                |
| Month 2  | $-80953.23               | $4059937.02                                |
| Month 3  | $188460.34               | $1816409.20                                |

### Schedule of Portfolio Investments

| Name                              | Title                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intuit Inc                        | Intuit Inc                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      4000 | NS      | $3150520.00   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                     | Blackrock Inc                     | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1100 | NS      | $1154175.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                     | Accenture PLC                     | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       500 | NS      | $149445.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TWFG Inc                          | TWFG Inc                          | CUSIP: 87318A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $525000.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc             | Alkami Technology Inc             | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     31000 | NS      | $934340.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                          | MSCI Inc                          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      3300 | NS      | $1903242.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The              | Progressive Corp/The              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      8000 | NS      | $2134880.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc       | Jack Henry & Associates Inc       | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      6000 | NS      | $1081020.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc     | Interactive Brokers Group Inc     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     44400 | NS      | $2460204.00   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc              | Tradeweb Markets Inc              | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19000 | NS      | $2781600.00   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                     | Primerica Inc                     | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      2800 | NS      | $766276.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd            | Arch Capital Group Ltd            | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     16000 | NS      | $1456800.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ategrity Specialty Holdings LLC   | Ategrity Specialty Holdings LLC   | CUSIP: 04681Y103<br>LEI: 549300KMIVG4HUBDUF07 | Long             | EC               | CORP              | US        |     22904 | NS      | $492894.08    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc             | Robinhood Markets Inc             | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     21500 | NS      | $2013045.00   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                      | Moody's Corp                      | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      4000 | NS      | $2006360.00   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                 | BILL Holdings Inc                 | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      3000 | NS      | $138780.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                        | Globant SA                        | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      1000 | NS      | $90840.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                        | Intapp Inc                        | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15500 | NS      | $800110.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                     | CME Group Inc                     | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      7000 | NS      | $1929340.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                          | Visa Inc                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      9500 | NS      | $3372975.00   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                         | Block Inc                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     13000 | NS      | $883090.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                        | Fiserv Inc                        | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      5000 | NS      | $862050.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp        | FIXED INC CLEARING CORP.REPO      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   1800603 | PA      | $1800602.89   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Houlihan Lokey Inc                | Houlihan Lokey Inc                | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     10000 | NS      | $1799500.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                  | ServiceTitan Inc                  | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7700 | NS      | $825286.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                        | TransUnion                        | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     10000 | NS      | $880000.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc            | Guidewire Software Inc            | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     13300 | NS      | $3131485.00   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                  | CoStar Group Inc                  | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      9000 | NS      | $723600.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                    | Mastercard Inc                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5750 | NS      | $3231155.00   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/The   | Baldwin Insurance Group Inc/The   | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $428100.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise PLC                          | Wise PLC                          | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    124000 | NS      | $1771386.87   | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc      | Apollo Global Management Inc      | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     16000 | NS      | $2269920.00   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc      | FactSet Research Systems Inc      | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      3000 | NS      | $1341840.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The           | Charles Schwab Corp/The           | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     19000 | NS      | $1733560.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                      | KKR & Co Inc                      | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     18200 | NS      | $2421146.00   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc        | LPL Financial Holdings Inc        | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      8600 | NS      | $3224742.00   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc | Clearwater Analytics Holdings Inc | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $548250.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                       | Shopify Inc                       | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     12000 | NS      | $1384200.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands    | NU Holdings Ltd/Cayman Islands    | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    130000 | NS      | $1783600.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc         | Kinsale Capital Group Inc         | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      1600 | NS      | $774240.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc              | Verisk Analytics Inc              | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      6200 | NS      | $1931300.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CI&T Inc                          | CI&T Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     17000 | NS      | $101490.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                  | MercadoLibre Inc                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1330 | NS      | $3476127.90   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                       | Equifax Inc                       | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      3300 | NS      | $855921.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                    | S&P Global Inc                    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      6300 | NS      | $3321927.00   | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                   | Morningstar Inc                   | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      5200 | NS      | $1632436.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                   | Fair Isaac Corp                   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1300 | NS      | $2376348.00   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** BARON SELECT FUNDS

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer