# EDGAR Filing Document

**Accession Number:** 0001282693
**File Stem:** 0000894189-25-015335
**Filing Date:** 2025-11
**Character Count:** 34176
**Document Hash:** cc7eb1248a14087f52d9f9dfe59e386f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-015335.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000894189-25-015335

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAIRD FUNDS INC
- **CENTRAL INDEX KEY:** 0001282693

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09997
- **FILM NUMBER:** 251522282

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-3500

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Baird Mid Cap Growth Fund (Series ID: S000000759)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000002174 | Institutional | BMDIX           |
| C000002175 | Investor      | BMDSX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Baird Mid Cap Growth Fund** | **Baird Mid Cap Growth Fund** | **Baird Mid Cap Growth Fund** | **Baird Mid Cap Growth Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.4%** | **COMMON STOCKS - 96.4%** | **Shares** | **Value**  |
| **Aerospace & Defense - 4.4%** | **Aerospace & Defense - 4.4%** | **Aerospace & Defense - 4.4%** | |
| BWX Technologies, Inc. | BWX Technologies, Inc. | 145463 | $26819013 |
| HEICO Corp. | HEICO Corp. | 85218 | 27510075 |
|  |  |  | 54329088 |
| **Building Products - 3.5%** | **Building Products - 3.5%** | **Building Products - 3.5%** |  |
| Lennox International, Inc. | Lennox International, Inc. | 43088 | 22809064 |
| Trex Co., Inc. <sup>(a)</sup> | Trex Co., Inc. <sup>(a)</sup> | 384172 | 19850167 |
|  |  |  | 42659231 |
| **Capital Markets - 6.3%** | **Capital Markets - 6.3%** | **Capital Markets - 6.3%** |  |
| MarketAxess Holdings, Inc. | MarketAxess Holdings, Inc. | 111611 | 19448217 |
| MSCI, Inc. | MSCI, Inc. | 51898 | 29447444 |
| Raymond James Financial, Inc. | Raymond James Financial, Inc. | 168446 | 29073779 |
|  |  |  | 77969440 |
| **Commercial Services & Supplies - 2.3%** | **Commercial Services & Supplies - 2.3%** | **Commercial Services & Supplies - 2.3%** |  |
| Rollins, Inc. | Rollins, Inc. | 474363 | 27864083 |
| **Consumer Staples Distribution & Retail - 4.2%** | **Consumer Staples Distribution & Retail - 4.2%** | **Consumer Staples Distribution & Retail - 4.2%** |  |
| BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | 217111 | 20245601 |
| Casey's General Stores, Inc. | Casey's General Stores, Inc. | 55628 | 31447621 |
|  |  |  | 51693222 |
| **Electrical Equipment - 2.1%** | **Electrical Equipment - 2.1%** | **Electrical Equipment - 2.1%** |  |
| Vertiv Holdings Co. - Class A | Vertiv Holdings Co. - Class A | 170215 | 25678635 |
| **Electronic Equipment, Instruments & Components - 2.6%** | **Electronic Equipment, Instruments & Components - 2.6%** | **Electronic Equipment, Instruments & Components - 2.6%** |  |
| CDW Corp./DE | CDW Corp./DE | 71009 | 11310313 |
| Zebra Technologies Corp. - Class A <sup>(a)</sup> | Zebra Technologies Corp. - Class A <sup>(a)</sup> | 69304 | 20594377 |
|  |  |  | 31904690 |
| **Entertainment - 5.1%** | **Entertainment - 5.1%** | **Entertainment - 5.1%** |  |
| Live Nation Entertainment, Inc. <sup>(a)</sup> | Live Nation Entertainment, Inc. <sup>(a)</sup> | 217076 | 35470219 |
| TKO Group Holdings, Inc. | TKO Group Holdings, Inc. | 131794 | 26617116 |
|  |  |  | 62087335 |
| **Financial Services - 3.8%** | **Financial Services - 3.8%** | **Financial Services - 3.8%** |  |
| Equitable Holdings, Inc. | Equitable Holdings, Inc. | 473901 | 24064693 |
| Shift4 Payments, Inc. - Class A <sup>(a)</sup> | Shift4 Payments, Inc. - Class A <sup>(a)</sup> | 288582 | 22336247 |
|  |  |  | 46400940 |
| **Ground Transportation - 1.0%** | **Ground Transportation - 1.0%** | **Ground Transportation - 1.0%** |  |
| XPO, Inc. <sup>(a)</sup> | XPO, Inc. <sup>(a)</sup> | 95661 | 12366097 |
| **Health Care Equipment & Supplies - 9.0%** | **Health Care Equipment & Supplies - 9.0%** | **Health Care Equipment & Supplies - 9.0%** |  |
| Dexcom, Inc. <sup>(a)</sup> | Dexcom, Inc. <sup>(a)</sup> | 376286 | 25320285 |
| Insulet Corp. <sup>(a)</sup> | Insulet Corp. <sup>(a)</sup> | 81843 | 25267389 |
| Penumbra, Inc. <sup>(a)</sup> | Penumbra, Inc. <sup>(a)</sup> | 117401 | 29740021 |
| ResMed, Inc. | ResMed, Inc. | 111042 | 30395527 |
|  |  |  | 110723222 |
| **Health Care Technology - 2.6%** | **Health Care Technology - 2.6%** | **Health Care Technology - 2.6%** |  |
| Veeva Systems, Inc. - Class A <sup>(a)</sup> | Veeva Systems, Inc. - Class A <sup>(a)</sup> | 108165 | 32223435 |
| **Hotels, Restaurants & Leisure - 11.2%** | **Hotels, Restaurants & Leisure - 11.2%** | **Hotels, Restaurants & Leisure - 11.2%** |  |
| Cava Group, Inc. <sup>(a)</sup> | Cava Group, Inc. <sup>(a)</sup> | 325563 | 19667261 |
| Churchill Downs, Inc. | Churchill Downs, Inc. | 216365 | 20989568 |
| DraftKings, Inc. - Class A <sup>(a)</sup> | DraftKings, Inc. - Class A <sup>(a)</sup> | 745432 | 27879157 |
| Dutch Bros, Inc. - Class A <sup>(a)</sup> | Dutch Bros, Inc. - Class A <sup>(a)</sup> | 442002 | 23134385 |
| Hilton Worldwide Holdings, Inc. | Hilton Worldwide Holdings, Inc. | 123084 | 31932913 |
| Wingstop, Inc. | Wingstop, Inc. | 57866 | 14563715 |
|  |  |  | 138166999 |
| **IT Services - 3.5%** | **IT Services - 3.5%** | **IT Services - 3.5%** |  |
| EPAM Systems, Inc. <sup>(a)</sup> | EPAM Systems, Inc. <sup>(a)</sup> | 144824 | 21838011 |
| Twilio, Inc. - Class A <sup>(a)</sup> | Twilio, Inc. - Class A <sup>(a)</sup> | 216685 | 21688002 |
|  |  |  | 43526013 |
| **Life Sciences Tools & Services - 5.1%** | **Life Sciences Tools & Services - 5.1%** | **Life Sciences Tools & Services - 5.1%** |  |
| Illumina, Inc. <sup>(a)</sup> | Illumina, Inc. <sup>(a)</sup> | 212955 | 20224336 |
| Repligen Corp. <sup>(a)</sup> | Repligen Corp. <sup>(a)</sup> | 144362 | 19296868 |
| West Pharmaceutical Services, Inc. | West Pharmaceutical Services, Inc. | 89835 | 23566416 |
|  |  |  | 63087620 |
| **Machinery - 1.9%** | **Machinery - 1.9%** | **Machinery - 1.9%** |  |
| Graco, Inc. | Graco, Inc. | 277605 | 23585321 |
| **Oil, Gas & Consumable Fuels - 1.6%** | **Oil, Gas & Consumable Fuels - 1.6%** | **Oil, Gas & Consumable Fuels - 1.6%** |  |
| Viper Energy, Inc. - Class A | Viper Energy, Inc. - Class A | 500542 | 19130715 |
| **Personal Care Products - 3.6%** | **Personal Care Products - 3.6%** | **Personal Care Products - 3.6%** |  |
| BellRing Brands, Inc. <sup>(a)</sup> | BellRing Brands, Inc. <sup>(a)</sup> | 454186 | 16509661 |
| elf Beauty, Inc. <sup>(a)</sup> | elf Beauty, Inc. <sup>(a)</sup> | 213701 | 28311109 |
|  |  |  | 44820770 |
| **Professional Services - 4.2%** | **Professional Services - 4.2%** | **Professional Services - 4.2%** |  |
| Broadridge Financial Solutions, Inc. | Broadridge Financial Solutions, Inc. | 96975 | 23096536 |
| Equifax, Inc. | Equifax, Inc. | 109834 | 28175716 |
|  |  |  | 51272252 |
| **Real Estate Management & Development - 1.9%** | **Real Estate Management & Development - 1.9%** | **Real Estate Management & Development - 1.9%** |  |
| CoStar Group, Inc. <sup>(a)</sup> | CoStar Group, Inc. <sup>(a)</sup> | 272952 | 23028960 |
| **Semiconductors & Semiconductor Equipment - 3.0%** | **Semiconductors & Semiconductor Equipment - 3.0%** | **Semiconductors & Semiconductor Equipment - 3.0%** |  |
| Monolithic Power Systems, Inc. | Monolithic Power Systems, Inc. | 40690 | 37460842 |
| **Software - 7.4%** | **Software - 7.4%** | **Software - 7.4%** |  |
| Datadog, Inc. - Class A <sup>(a)</sup> | Datadog, Inc. - Class A <sup>(a)</sup> | 178783 | 25458699 |
| Descartes Systems Group, Inc. <sup>(a)</sup> | Descartes Systems Group, Inc. <sup>(a)</sup> | 164148 | 15467666 |
| PTC, Inc. <sup>(a)</sup> | PTC, Inc. <sup>(a)</sup> | 115127 | 23373084 |
| Tyler Technologies, Inc. <sup>(a)</sup> | Tyler Technologies, Inc. <sup>(a)</sup> | 50157 | 26240136 |
|  |  |  | 90539585 |
| **Specialty Retail - 1.7%** | **Specialty Retail - 1.7%** | **Specialty Retail - 1.7%** |  |
| Burlington Stores, Inc. <sup>(a)</sup> | Burlington Stores, Inc. <sup>(a)</sup> | 83868 | 21344406 |
| **Textiles, Apparel & Luxury Goods - 0.3%** | **Textiles, Apparel & Luxury Goods - 0.3%** | **Textiles, Apparel & Luxury Goods - 0.3%** |  |
| Kontoor Brands, Inc. | Kontoor Brands, Inc. | 41265 | 3291709 |
| **Trading Companies & Distributors - 4.1%** | **Trading Companies & Distributors - 4.1%** | **Trading Companies & Distributors - 4.1%** |  |
| Fastenal Co. | Fastenal Co. | 450776 | 22106055 |
| Ferguson Enterprises, Inc. | Ferguson Enterprises, Inc. | 125216 | 28121009 |
|  |  |  | 50227064 |
| **TOTAL COMMON STOCKS** (Cost $915,765,482) | **TOTAL COMMON STOCKS** (Cost $915,765,482) | **TOTAL COMMON STOCKS** (Cost $915,765,482) | 1185381674 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 2.8%** | **MONEY MARKET FUNDS - 2.8%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class U, 4.07%<sup>(b)</sup> | First American Government Obligations Fund - Class U, 4.07%<sup>(b)</sup> | 34880020 | 34880020 |
| **TOTAL MONEY MARKET FUNDS** (Cost $34,880,020) | **TOTAL MONEY MARKET FUNDS** (Cost $34,880,020) | **TOTAL MONEY MARKET FUNDS** (Cost $34,880,020) | 34880020 |
| **TOTAL INVESTMENTS - 99.2% (**Cost $950,645,502**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $950,645,502**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $950,645,502**)** | 1220261694 |
| Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | 9315071 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $1229576765 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of September 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Baird Mid Cap Growth Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $1185381674 | $– | $– | $1185381674 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 34880020 | – | – | 34880020 |
| Total Investments | $1220261694 | $– | $– | $1220261694 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period, as compared to the security classifications from the prior year's core financial statements. <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Baird Funds Inc

- **b. Investment Company Act file number:** 811-09997

- **c. CIK number of Registrant:** 0001282693

- **d. LEI of Registrant:** 5493007JR2NWYBC7PO06

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

  - **Street Address 1:** 777 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147653614

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

- **a. Name of Series:** Baird Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000000759

- **c. LEI of Series:** 5493006LTT1YRLDVEC65

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1235017341.99

**Total Liabilities:** $3437514.43

**Net Assets:** $1231579827.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002174 | 1.66%                | -0.64%               | -3.63%               |
| Class ID C000002175 | 1.64%                | -0.67%               | -3.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20200021.61             | $3651833.84                                |
| Month 2  | $17515046.21             | $-27393204.52                              |
| Month 3  | $-5893036.25             | $-40505173.54                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PTC Inc                        | PTC Inc                                    | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |    115127 | NS      | $23373083.54  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                  | Repligen Corp                              | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    144362 | NS      | $19296868.54  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc            | Churchill Downs Inc                        | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    216365 | NS      | $20989568.65  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |    272952 | NS      | $23028960.24  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/Th | Descartes Systems Group Inc/The            | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |    164148 | NS      | $15467666.04  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                     | Dexcom Inc                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    376286 | NS      | $25320284.94  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                 | DraftKings Inc                             | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    745432 | NS      | $27879156.80  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc         | Equitable Holdings Inc                     | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    473901 | NS      | $24064692.78  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    450776 | NS      | $22106055.04  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                      | Graco Inc                                  | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    277605 | NS      | $23585320.80  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     35522 | NS      | $32702974.08  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc         | Tyler Technologies Inc                     | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     50157 | NS      | $26240136.12  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                        | XPO Inc                                    | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     95661 | NS      | $12366097.47  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    145463 | NS      | $26819013.31  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions | Broadridge Financial Solutions Inc         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     96975 | NS      | $23096535.75  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc          | Burlington Stores Inc                      | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     83868 | NS      | $21344406.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                 | Cava Group Inc                             | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    325563 | NS      | $19667260.83  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                 | Dutch Bros Inc                             | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    442002 | NS      | $23134384.68  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                 | elf Beauty Inc                             | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |    213701 | NS      | $28311108.48  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  37225548 | NS      | $37225547.87  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc               | Viper Energy Inc                           | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    500542 | NS      | $19130715.24  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                     | ResMed Inc                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |    111042 | NS      | $30395526.66  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                   | Wingstop Inc                               | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     57866 | NS      | $14563714.88  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc       | Ferguson Enterprises Inc                   | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    125216 | NS      | $28121009.28  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings Inc              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    123084 | NS      | $31932912.96  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc       | MarketAxess Holdings Inc                   | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |    111611 | NS      | $19448216.75  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc            | BellRing Brands Inc                        | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    454186 | NS      | $16509661.10  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp                            | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    239668 | NS      | $13332730.84  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                    | CDW Corp/DE                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     71009 | NS      | $11310313.52  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                   | Illumina Inc                               | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |    212955 | NS      | $20224336.35  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                   | Insulet Corp                               | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     81843 | NS      | $25267389.39  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                       | MSCI Inc                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     51898 | NS      | $29447444.18  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                   | Penumbra Inc                               | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |    117401 | NS      | $29740021.32  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc            | Shift4 Payments Inc                        | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    288582 | NS      | $22336246.80  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc         | TKO Group Holdings Inc                     | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102410 | NS      | $20682723.60  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                                | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    384172 | NS      | $19850167.24  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                     | Twilio Inc                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |    216685 | NS      | $21688001.65  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc              | Veeva Systems Inc                          | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    108165 | NS      | $32223435.15  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I | BJ's Wholesale Club Holdings Inc           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |    217111 | NS      | $20245600.75  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     55628 | NS      | $31447620.96  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                    | Datadog Inc                                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    178783 | NS      | $25458699.20  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc               | EPAM Systems Inc                           | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |    144824 | NS      | $21838010.96  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                    | Equifax Inc                                | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    109834 | NS      | $28175716.02  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                     | HEICO Corp                                 | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     85218 | NS      | $27510074.76  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                    | HubSpot Inc                                | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     37440 | NS      | $17514432.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc       | Lennox International Inc                   | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |     43088 | NS      | $22809063.68  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc  | Live Nation Entertainment Inc              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    217076 | NS      | $35470218.40  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc    | Raymond James Financial Inc                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |    168446 | NS      | $29073779.60  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                    | Rollins Inc                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    474363 | NS      | $27864082.62  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    137684 | NS      | $20771008.24  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |     89835 | NS      | $23566415.55  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp        | Zebra Technologies Corp                    | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     69304 | NS      | $20594376.64  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

**Name of Applicant:** Baird Funds Inc

**Signature:** Baird Funds Inc

**Name of Signer:** Peter Hammond

**Title:** Vice President