# EDGAR Filing Document

**Accession Number:** 0001217673
**File Stem:** 0001410368-26-021321
**Filing Date:** 2026-3
**Character Count:** 17082
**Document Hash:** 3b0e4523323d479db8d68737f9c4c94f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021321.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021321

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**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:** 26704659

**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 India Fund (Series ID: S000071635)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000227028 | R6 Shares            | BINUX           |
| C000227029 | Retail Shares        | BINRX           |
| C000227030 | Institutional Shares | BINDX           |

## 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 India Fund

- **b. EDGAR series identifier (if any):** S000071635

- **c. LEI of Series:** 549300U7KTHAZZ8FEI02

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $25464121.10

**Total Liabilities:** $290428.40

**Net Assets:** $25173692.70

**Cash Not Reported:** $1304251.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227028 | 3.38%                | 0.63%                | -3.37%               |
| Class ID C000227029 | 3.30%                | 0.64%                | -3.47%               |
| Class ID C000227030 | 3.38%                | 0.53%                | -3.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-66409.20               | $996104.09                                 |
| Month 2  | $-2852.58                | $166953.28                                 |
| Month 3  | $-205519.15              | $-869883.21                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Reliance Industries Ltd                     | Reliance Industries Ltd                     | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     96631 | NS      | $1690908.67   | 6.72%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                     | Mahindra & Mahindra Ltd                     | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     18652 | NS      | $770309.85    | 3.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Communications Ltd                     | Tata Communications Ltd                     | CUSIP: 000000000<br>LEI: 3358004PBWAYF65RLI81 | Long             | EC               | CORP              | IN        |      9878 | NS      | $200617.86    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consumer Products Ltd                  | Tata Consumer Products Ltd                  | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |     37847 | NS      | $501926.55    | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                     | Kotak Mahindra Bank Ltd                     | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |     25938 | NS      | $636270.90    | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Co Ltd                                | Titan Co Ltd                                | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |      4387 | NS      | $198044.00    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Centum Electronics Ltd                      | Centum Electronics Ltd                      | CUSIP: 000000000<br>LEI: 3358005AAWQ82RBG3166 | Long             | EC               | CORP              | IN        |     25722 | NS      | $667897.74    | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Cummins India Ltd                           | Cummins India Ltd                           | CUSIP: 000000000<br>LEI: 3358002PR6NKJRU4YS77 | Long             | EC               | CORP              | IN        |     10922 | NS      | $539010.41    | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| GMR Power and Urban Infra Ltd               | GMR Power and Urban Infra Ltd               | CUSIP: 000000000<br>LEI: 335800T1CSFF6PNMGZ84 | Long             | EC               | CORP              | IN        |    487462 | NS      | $604372.68    | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| REFUNDABLE DEPOSIT SHENZHEN                 | REFUNDABLE DEPOSIT SHENZHEN                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | CN        |        65 | NS      | $9.24         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirloskar Oil Engines Ltd                   | Kirloskar Oil Engines Ltd                   | CUSIP: 000000000<br>LEI: 33580018J5C7B1UQSN26 | Long             | EC               | CORP              | IN        |     31499 | NS      | $428256.22    | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd                       | Godrej Properties Ltd                       | CUSIP: 000000000<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |      6481 | NS      | $144588.53    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd                     | InterGlobe Aviation Ltd                     | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |      6521 | NS      | $367819.71    | 1.46%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bharat Electronics Ltd                      | Bharat Electronics Ltd                      | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    171101 | NS      | $761604.66    | 3.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Aster DM Healthcare Ltd                     | Aster DM Healthcare Ltd                     | CUSIP: 000000000<br>LEI: 335800TFWMBMRZEICW46 | Long             | EC               | CORP              | IN        |    112365 | NS      | $771496.03    | 3.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Eternal Ltd                                 | Eternal Ltd                                 | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    319595 | NS      | $990419.15    | 3.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Dixon Technologies India Ltd                | Dixon Technologies India Ltd                | CUSIP: 000000000<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |      1350 | NS      | $182138.58    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                           | Bharti Airtel Ltd                           | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    100226 | NS      | $1886992.46   | 7.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Le Travenues Technology Ltd                 | Le Travenues Technology Ltd                 | CUSIP: 000000000<br>LEI: 894500YYQ69FQ449KJ55 | Long             | EC               | CORP              | IN        |     38616 | NS      | $109786.74    | 0.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Kaynes Technology India Ltd                 | Kaynes Technology India Ltd                 | CUSIP: 000000000<br>LEI: 335800BMPIF3PQ2IPI37 | Long             | EC               | CORP              | IN        |      3365 | NS      | $150266.83    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| 360 ONE WAM Ltd                             | 360 ONE WAM Ltd                             | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |     23607 | NS      | $312843.69    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy India Ltd                    | Siemens Energy India Ltd                    | CUSIP: 000000000<br>LEI: 335800AEZO3CVXCSA716 | Long             | EC               | CORP              | IN        |     10004 | NS      | $284339.38    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Coforge Ltd                                 | Coforge Ltd                                 | CUSIP: 000000000<br>LEI: 3358004YL9JGBNP4KF72 | Long             | EC               | CORP              | IN        |     12141 | NS      | $224932.65    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd               | Tata Consultancy Services Ltd               | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     17067 | NS      | $609789.88    | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| DCW Ltd                                     | DCW Ltd                                     | CUSIP: 000000000<br>LEI: 9845003NGD60E4B46F52 | Long             | EC               | CORP              | IN        |    155566 | NS      | $101022.78    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra Microwave Products Ltd                | Astra Microwave Products Ltd                | CUSIP: 000000000<br>LEI: 3358006ZA3N8KZ1R6P76 | Long             | EC               | CORP              | IN        |     22356 | NS      | $243946.05    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                | Power Grid Corp of India Ltd                | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |    180827 | NS      | $533215.11    | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Trent Ltd                                   | Trent Ltd                                   | CUSIP: 000000000<br>LEI: 335800IYA8EHI7MW7G59 | Long             | EC               | CORP              | IN        |      8912 | NS      | $425020.76    | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Cholamandalam Investment and Finance Co Ltd | Cholamandalam Investment and Finance Co Ltd | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |     38803 | NS      | $736003.18    | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                               | HDFC Bank Ltd                               | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    181882 | NS      | $2009230.79   | 7.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd                | Max Healthcare Institute Ltd                | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |     93721 | NS      | $1090108.29   | 4.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finserv Ltd                           | Bajaj Finserv Ltd                           | CUSIP: 000000000<br>LEI: 3358001EH4I4IDMGQ326 | Long             | EC               | CORP              | IN        |     32888 | NS      | $747282.64    | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Shaily Engineering Plastics Ltd             | Shaily Engineering Plastics Ltd             | CUSIP: 000000000<br>LEI: 335800T1LWSQ3UCPMB53 | Long             | EC               | CORP              | IN        |     12775 | NS      | $321564.81    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvama Wealth Management Ltd                | Nuvama Wealth Management Ltd                | CUSIP: 000000000<br>LEI: 3358002Y23HZBJW49C38 | Long             | EC               | CORP              | IN        |     19530 | NS      | $321615.61    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Precision Wires India Ltd                   | Precision Wires India Ltd                   | CUSIP: 000000000<br>LEI: 335800DS3LQTJ3D79385 | Long             | EC               | CORP              | IN        |    460558 | NS      | $1217478.84   | 4.84%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                              | ICICI Bank Ltd                              | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     74132 | NS      | $1109502.28   | 4.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                           | Bajaj Finance Ltd                           | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    100022 | NS      | $1099940.60   | 4.37%             |  |  |  | No            |                  2 | On Loan: No      |
| HealthCare Global Enterprises Ltd           | HealthCare Global Enterprises Ltd           | CUSIP: 000000000<br>LEI: 25490006D2X61N23FH96 | Long             | EC               | CORP              | IN        |     55487 | NS      | $408685.35    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Life Insurance Co Ltd                   | SBI Life Insurance Co Ltd                   | CUSIP: 000000000<br>LEI: 335800WMVIESQUO95586 | Long             | EC               | CORP              | IN        |     33043 | NS      | $748986.71    | 2.98%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-15

**Name of Applicant:** BARON SELECT FUNDS

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer