# EDGAR Filing Document

**Accession Number:** 0002081199
**File Stem:** 0001410368-26-021322
**Filing Date:** 2026-3
**Character Count:** 17228
**Document Hash:** b00ee5a37c404d50880801079e7d6c78
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021322.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021322

**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 ETF Trust
- **CENTRAL INDEX KEY:** 0002081199

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24115
- **FILM NUMBER:** 26704660

**BUSINESS ADDRESS:**
- **STREET 1:** 767 FIFTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153
- **BUSINESS PHONE:** 212-583-2000

**MAIL ADDRESS:**
- **STREET 1:** 767 FIFTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153

## Series and Classes Contracts Data

### Baron Financials ETF (Series ID: S000096484)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000265319 | Baron Financials ETF | BCFN            |

## 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 ETF Trust

- **b. Investment Company Act file number:** 811-24115

- **c. CIK number of Registrant:** 0002081199

- **d. LEI of Registrant:** 254900L48RFIKHJ8JR75

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

  - **Street Address 1:** 767 Fifth Avenue

  - **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 Financials ETF

- **b. EDGAR series identifier (if any):** S000096484

- **c. LEI of Series:** 2549005ZN6SJ0GRLFQ55

**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:** $56696959.43

**Total Liabilities:** $83644.58

**Net Assets:** $56613314.85

**Cash Not Reported:** $182038.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000265319 | -2.44%               | -0.96%               | 1.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-36009.30               | $-1719736.59                               |
| Month 2  | $-189967.93              | $-564021.72                                |
| Month 3  | $945391.74               | $-209677.47                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alkami Technology Inc             | Alkami Technology Inc             | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     20119 | NS      | $464145.33    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc      | Apollo Global Management Inc      | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     12984 | NS      | $1879563.84   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ategrity Specialty Holdings LLC   | Ategrity Specialty Holdings LLC   | CUSIP: 04681Y103<br>LEI: 549300KMIVG4HUBDUF07 | Long             | EC               | CORP              | US        |     13290 | NS      | $279222.90    | 0.49%             |  |  |  | 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        |     10225 | NS      | $245706.75    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                     | Blackrock Inc                     | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1052 | NS      | $1125997.68   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                     | CME Group Inc                     | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      5549 | NS      | $1515320.92   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp        | Capital One Financial Corp        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      6135 | NS      | $1486878.60   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc | Clearwater Analytics Holdings Inc | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20450 | NS      | $493254.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                       | Equifax Inc                       | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      2865 | NS      | $621647.70    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc      | FactSet Research Systems Inc      | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       959 | NS      | $278292.21    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                   | Fair Isaac Corp                   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1167 | NS      | $1972953.54   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc            | Guidewire Software Inc            | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      8688 | NS      | $1746374.88   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc       | Jack Henry & Associates Inc       | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      5110 | NS      | $932472.80    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                | Houlihan Lokey Inc                | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      8268 | NS      | $1440202.92   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc     | Interactive Brokers Group Inc     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     29467 | NS      | $1895022.77   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                        | Intuit Inc                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3680 | NS      | $2437705.60   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                      | KKR & Co Inc                      | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     18200 | NS      | $2320136.00   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc         | Kinsale Capital Group Inc         | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      1315 | NS      | $514322.80    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc        | LPL Financial Holdings Inc        | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      6743 | NS      | $2408397.31   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                          | MSCI Inc                          | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      2946 | NS      | $1690208.58   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                    | Mastercard Inc                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5315 | NS      | $3034227.20   | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                  | MercadoLibre Inc                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1100 | NS      | $2215686.00   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                      | Moody's Corp                      | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      3680 | NS      | $1879928.00   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                    | Morgan Stanley                    | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      6600 | NS      | $1171698.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                   | Morningstar Inc                   | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      1338 | NS      | $290760.78    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Neptune Insurance Holdings Inc    | Neptune Insurance Holdings Inc    | CUSIP: 64073B103<br>LEI: 529900I3QTHC0Q1C2D65 | Long             | EC               | CORP              | US        |      8640 | NS      | $251942.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                     | Primerica Inc                     | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      2400 | NS      | $620064.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The              | Progressive Corp/The              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      3580 | NS      | $815237.60    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc             | Robinhood Markets Inc             | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     15950 | NS      | $1803945.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                    | S&P Global Inc                    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      6176 | NS      | $3227515.84   | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The           | Charles Schwab Corp/The           | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     21600 | NS      | $2158056.00   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                  | ServiceTitan Inc                  | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6850 | NS      | $729525.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                       | Shopify Inc                       | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      6916 | NS      | $1113268.52   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                         | Block Inc                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      6933 | NS      | $451268.97    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TWFG Inc                          | TWFG Inc                          | CUSIP: 87318A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15335 | NS      | $441187.95    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc              | Tradeweb Markets Inc              | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12959 | NS      | $1393610.86   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                        | TransUnion                        | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |      8050 | NS      | $690287.50    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc              | Verisk Analytics Inc              | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      6135 | NS      | $1372338.15   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                          | Visa Inc                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      8690 | NS      | $3047669.90   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise PLC                          | Wise PLC                          | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |     71570 | NS      | $859572.81    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelerant Holdings               | Accelerant Holdings               | CUSIP: 000000000<br>LEI: 213800VS4CX9ZONTD965 | Long             | EC               | CORP              | KY        |      9000 | NS      | $147150.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd            | Arch Capital Group Ltd            | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     11184 | NS      | $1072769.28   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands    | NU Holdings Ltd/Cayman Islands    | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    117808 | NS      | $1972105.92   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-20

**Name of Applicant:** Baron ETF Trust

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer