# EDGAR Filing Document

**Accession Number:** 0001217673
**File Stem:** 0001752724-25-209292
**Filing Date:** 2025-8
**Character Count:** 35639
**Document Hash:** 484b4d96ad58c9b7fe689f16f8847df7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209292.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209292

**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:** 251264263

**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 International Growth Fund (Series ID: S000024707)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000073358 | Retail Shares        | BIGFX           |
| C000077807 | Institutional Shares | BINIX           |
| C000174762 | R6 Shares            | BIGUX           |

## 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 International Growth Fund

- **b. EDGAR series identifier (if any):** S000024707

- **c. LEI of Series:** 549300FU1GI99J4NKZ96

**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:** $353884073.76

**Total Liabilities:** $2190358.07

**Net Assets:** $351693715.69

**Cash Not Reported:** $177453.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000077807 | 6.25%                | 5.40%                | 4.39%                |
| Class ID C000073358 | 6.20%                | 5.37%                | 4.39%                |
| Class ID C000174762 | 6.22%                | 5.40%                | 4.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3271673.69              | $13890118.90                               |
| Month 2  | $1762673.44              | $14578837.39                               |
| Month 3  | $2695538.40              | $12051255.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nippon Life India Asset Management Ltd              | Nippon Life India Asset Management Ltd              | CUSIP: 000000000<br>LEI: 335800ZQXV958RZSRU89 | Long             | EC               | CORP              | IN        |    212450 | NS      | $1982809.58   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| On Holding AG                                       | On Holding AG                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     48035 | NS      | $2500221.75   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group NV                            | Universal Music Group NV                            | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    190772 | NS      | $6188749.05   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                 | LVMH Moet Hennessy Louis Vuitton SE                 | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      2575 | NS      | $1347703.77   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| REFUNDABLE DEPOSIT SHENZHEN                         | REFUNDABLE DEPOSIT SHENZHEN                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | CN        |      3020 | NS      | $421.52       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd                        | Max Healthcare Institute Ltd                        | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    181636 | NS      | $2702513.25   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| eMemory Technology Inc                              | eMemory Technology Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     16819 | NS      | $1361604.91   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd              | Contemporary Amperex Technology Co Ltd              | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     85429 | NS      | $3011571.64   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| XP Inc                                              | XP Inc                                              | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |     96042 | NS      | $1940048.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                                         | Eternal Ltd                                         | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    573361 | NS      | $1765835.01   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                     | BAE Systems PLC                                     | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    161996 | NS      | $4204259.36   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd                             | InterGlobe Aviation Ltd                             | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |     48599 | NS      | $3389491.99   | 0.96%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                       | Piraeus Financial Holdings SA                       | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    384597 | NS      | $2664404.70   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd                  | HD Hyundai Heavy Industries Co Ltd                  | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |     16397 | NS      | $5175465.30   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                | Tencent Holdings Ltd                                | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     30858 | NS      | $1990341.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                          | Full Truck Alliance Co Ltd                          | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |    424048 | NS      | $5008006.88   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Canada                   | Constellation Software Inc/Canada                   | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      2613 | NS      | $9581223.87   | 2.72%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BNP Paribas SA                                      | BNP Paribas SA                                      | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |    100573 | NS      | $9021569.24   | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd                              | Arch Capital Group Ltd                              | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     77997 | NS      | $7101626.85   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                           | Airbus SE                                           | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     18853 | NS      | $3944060.34   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc                            | Agilent Technologies Inc                            | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     41423 | NS      | $4888328.23   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Godrej Consumer Products Ltd                        | Godrej Consumer Products Ltd                        | CUSIP: 000000000<br>LEI: 335800P4GUWLGZFK2D63 | Long             | EC               | CORP              | IN        |    144184 | NS      | $1981448.50   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd                                    | Indus Towers Ltd                                    | CUSIP: 000000000<br>LEI: 335800L6DI4VHODGDK41 | Long             | EC               | CORP              | IN        |    288869 | NS      | $1416827.24   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                              | Agnico Eagle Mines Ltd                              | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     21466 | NS      | $2552951.38   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                             | Reliance Industries Ltd                             | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    204485 | NS      | $3579144.85   | 1.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Trent Ltd                                           | Trent Ltd                                           | CUSIP: 000000000<br>LEI: 335800IYA8EHI7MW7G59 | Long             | EC               | CORP              | IN        |     34657 | NS      | $2512506.66   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                                  | Tokyo Electron Ltd                                  | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     17833 | NS      | $3415186.21   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                           | Alibaba Group Holding Ltd                           | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     22576 | NS      | $2560344.16   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                          | CONSTELLATION SOFTWARE INC                          | CUSIP: 000000000<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               |  | CA        |      5029 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| JM Financial Ltd                                    | JM Financial Ltd                                    | CUSIP: 000000000<br>LEI: 254900XWK81ULQY0IE29 | Long             | EC               | CORP              | IN        |   1032944 | NS      | $1920132.97   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                    | TotalEnergies SE                                    | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     48876 | NS      | $2987431.88   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| LY Corp                                             | LY Corp                                             | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    875730 | NS      | $3224967.74   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                       | Industria de Diseno Textil SA                       | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     65249 | NS      | $3403828.93   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                          | FIXED INC CLEARING CORP.REPO                        | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  13351146 | PA      | $13351145.98  | 3.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd                               | Godrej Properties Ltd                               | CUSIP: 000000000<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |     46479 | NS      | $1270907.75   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corp                                  | Lundin Mining Corp                                  | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    343921 | NS      | $3616632.07   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaynes Technology India Ltd                         | Kaynes Technology India Ltd                         | CUSIP: 000000000<br>LEI: 335800BMPIF3PQ2IPI37 | Long             | EC               | CORP              | IN        |     41599 | NS      | $2961357.63   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                                         | Coupang Inc                                         | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     88076 | NS      | $2638756.96   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                    | Novo Nordisk A/S                                    | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     21441 | NS      | $1479857.82   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd | HD Korea Shipbuilding & Offshore Engineering Co Ltd | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |     33765 | NS      | $9117927.57   | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                     | AstraZeneca PLC                                     | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     78008 | NS      | $5451199.04   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                         | Cie Financiere Richemont SA                         | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      6508 | NS      | $1231526.81   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| CyberArk Software Ltd                               | CyberArk Software Ltd                               | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     13324 | NS      | $5421269.12   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                                      | Dino Polska SA                                      | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     17320 | NS      | $2531015.16   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                          | Symrise AG                                          | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     54891 | NS      | $5756114.06   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                           | Linde PLC                                           | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     19017 | NS      | $8912387.53   | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Afya Ltd                                            | Afya Ltd                                            | CUSIP: 000000000<br>LEI: 54930008Y7J8Z1BSDT57 | Long             | EC               | CORP              | KY        |    106759 | NS      | $1906715.74   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                    | Deutsche Bank AG                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |    216214 | NS      | $6330745.92   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd                          | China Mengniu Dairy Co Ltd                          | CUSIP: 000000000<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |    912797 | NS      | $1881474.63   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                              | Localiza Rent a Car SA                              | CUSIP: 000000000<br>LEI: 984500C442A7E0CD4D11 | Long             | EC               | CORP              | BR        |    179434 | NS      | $1338216.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                               | Lynas Rare Earths Ltd                               | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |    781639 | NS      | $4455514.12   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                           | Nestle SA                                           | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     29116 | NS      | $2894897.37   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                        | Keyence Corp                                        | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     10018 | NS      | $4005477.03   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| WiseTech Global Ltd                                 | WiseTech Global Ltd                                 | CUSIP: 000000000<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |     44709 | NS      | $3206343.98   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| DSM-Firmenich AG                                    | DSM-Firmenich AG                                    | CUSIP: 000000000<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |     45546 | NS      | $4845419.96   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                   | Tencent Music Entertainment Group                   | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |    100055 | NS      | $1950071.95   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd                             | Recruit Holdings Co Ltd                             | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     27800 | NS      | $1634823.41   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc                  | Mitsubishi UFJ Financial Group Inc                  | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    360009 | NS      | $4939323.48   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                           | Bank of Ireland Group PLC                           | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |    450335 | NS      | $6417329.97   | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                                    | Pernod Ricard SA                                    | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     16355 | NS      | $1631433.97   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdee International Software Group Co Ltd         | Kingdee International Software Group Co Ltd         | CUSIP: 000000000<br>LEI: 529900SWRZN94C5SZO63 | Long             | EC               | CORP              | KY        |   1585135 | NS      | $3132990.82   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Jio Financial Services Ltd                          | Jio Financial Services Ltd                          | CUSIP: 000000000<br>LEI: 3358003O268Q1OGBQR42 | Long             | EC               | CORP              | IN        |    409321 | NS      | $1561360.22   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                                   | Bharti Airtel Ltd                                   | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    292100 | NS      | $5215539.07   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc                            | Japan Exchange Group Inc                            | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |    142852 | NS      | $1447093.77   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Oddity Tech Ltd                                     | Oddity Tech Ltd                                     | CUSIP: 000000000<br>LEI: 254900QH12XZS53G0V57 | Long             | EC               | CORP              | IL        |     96860 | NS      | $7310024.20   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc                 | Sumitomo Mitsui Financial Group Inc                 | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    225391 | NS      | $5675560.38   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                           | Prosus NV                                           | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     44855 | NS      | $2516656.41   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                                        | Experian PLC                                        | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    138415 | NS      | $7137541.67   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                           | Argenx SE                                           | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     13939 | NS      | $7683455.58   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Shuanghuan Driveline Co Ltd                | Zhejiang Shuanghuan Driveline Co Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    410174 | NS      | $1917459.58   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| AMG Critical Materials NV                           | AMG Critical Materials NV                           | CUSIP: 000000000<br>LEI: 5493006MN6OH67U2YI74 | Long             | EC               | CORP              | NL        |    165012 | NS      | $4247049.35   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Waga Energy SA                                      | Waga Energy SA                                      | CUSIP: 000000000<br>LEI: 969500O3NXA5XJF97623 | Long             | EC               | CORP              | FR        |    293272 | NS      | $7543415.97   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| eDreams ODIGEO SA                                   | eDreams ODIGEO SA                                   | CUSIP: 000000000<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | EC               | CORP              | ES        |    997092 | NS      | $9132334.87   | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                         | Zai Lab Ltd                                         | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | KY        |     96846 | NS      | $3386704.62   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Systems Corp                                   | Park Systems Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     14604 | NS      | $3075986.06   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                             | Sberbank of Russia PJSC                             | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    487800 | NS      | $361.17       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Epiroc AB                                           | Epiroc AB                                           | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    271338 | NS      | $5904272.18   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ISC Co Ltd                                          | ISC Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     31106 | NS      | $1372584.24   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                        | SK Hynix Inc                                        | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     16068 | NS      | $3462357.50   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajinomoto Co Inc                                    | Ajinomoto Co Inc                                    | CUSIP: 000000000<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |    299555 | NS      | $8124874.52   | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SMS Co Ltd                                          | SMS Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    188500 | NS      | $1933614.54   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurofins Scientific SE                              | Eurofins Scientific SE                              | CUSIP: 000000000<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |     69868 | NS      | $4979165.49   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd           | Taiwan Semiconductor Manufacturing Co Ltd           | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    324960 | NS      | $11883574.95  | 3.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                       | Credicorp Ltd                                       | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     23518 | NS      | $5256743.36   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Centum Electronics Ltd                              | Centum Electronics Ltd                              | CUSIP: 000000000<br>LEI: 3358005AAWQ82RBG3166 | Long             | EC               | CORP              | IN        |     76376 | NS      | $2136045.76   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Stevanato Group SpA                                 | Stevanato Group SpA                                 | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |    123454 | NS      | $3015981.22   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost SA                                           | InPost SA                                           | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |    320958 | NS      | $5341289.15   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                | Tencent Holdings Ltd                                | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     36130 | NS      | $2328058.50   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                         | Wix.com Ltd                                         | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     23167 | NS      | $3671042.82   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                          | BYD Co Ltd                                          | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    129050 | NS      | $2009311.19   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** BARON SELECT FUNDS

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer