# EDGAR Filing Document

**Accession Number:** 0001217673
**File Stem:** 0001410368-26-021334
**Filing Date:** 2026-3
**Character Count:** 19549
**Document Hash:** 5c8f6af9d133ef3878073cb81abef582
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021334.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021334

**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:** 26704677

**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 Global Opportunity Fund (Series ID: S000036767)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000112440 | Retail Shares        | BGAFX           |
| C000112441 | Institutional Shares | BGAIX           |
| C000174764 | R6 Shares            | BGLUX           |

## 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 Global Opportunity Fund

- **b. EDGAR series identifier (if any):** S000036767

- **c. LEI of Series:** 549300H23AWQ1PSUDU58

**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:** $740548419.99

**Total Liabilities:** $4070934.69

**Net Assets:** $736477485.30

**Cash Not Reported:** $17691725.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112440 | 5.39%                | -6.90%               | 8.51%                |
| Class ID C000112441 | 5.39%                | -6.87%               | 8.53%                |
| Class ID C000174764 | 5.40%                | -6.87%               | 8.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $36650118.18                               |
| Month 2  | $19088416.55             | $-67280197.18                              |
| Month 3  | $-1555536.47             | $57246601.78                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     88135 | NS      | $20343320.70  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                 | Argenx SE                                 | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     32477 | NS      | $27311533.15  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Billiontoone Inc                          | Billiontoone Inc                          | CUSIP: 090168105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16396 | NS      | $1341848.64   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                            | Cloudflare Inc                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    101715 | NS      | $20053112.25  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                               | Coupang Inc                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |   1112089 | NS      | $26234179.51  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings Inc                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     16812 | NS      | $7880793.12   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                               | Datadog Inc                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    125157 | NS      | $17020100.43  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                | Endava PLC                                | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |     63800 | NS      | $403216.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Figma Inc                                 | Figma Inc                                 | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |     40494 | NS      | $1513260.78   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS Holdings Ltd                          | GDS Holdings Ltd                          | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |    441040 | NS      | $15392296.00  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                                 | GRAIL Inc                                 | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |       154 | NS      | $13180.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow Inc                             | HeartFlow Inc                             | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154807 | NS      | $4512624.05   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                              | Illumina Inc                              | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     92028 | NS      | $12070392.48  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| indie Semiconductor Inc                   | indie Semiconductor Inc                   | CUSIP: 45569U101<br>LEI: 254900L1MFXFYGB1PV53 | Long             | EC               | CORP              | US        |   1744399 | NS      | $6157728.47   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                         | Loar Holdings Inc                         | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163103 | NS      | $11091004.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     22871 | NS      | $46068140.46  | 6.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                              | Netskope Inc                              | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |    371447 | NS      | $6515180.38   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    356883 | NS      | $66558679.50  | 9.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc                          | PDD Holdings Inc                          | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     51155 | NS      | $5800465.45   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc                             | SailPoint Inc                             | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    188611 | NS      | $3815600.53   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                          | ServiceTitan Inc                          | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45099 | NS      | $4803043.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                               | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    257699 | NS      | $41481808.03  | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                             | Snowflake Inc                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     95516 | NS      | $20952389.76  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                 | Block Inc                                 | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    109976 | NS      | $7158337.84   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    123587 | NS      | $37556853.43  | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                 | Tesla Inc                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     27899 | NS      | $12546738.28  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMERS BUSINESS NETWORK COMMO            | FARMERS BUSINESS NETWORK COMMO            | CUSIP: 000000000<br>LEI: 5493003KO0NA75DM0Y81 | Long             | EC               | CORP              | US        |    299761 | NS      | $557555.46    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Viking Therapeutics Inc                   | Viking Therapeutics Inc                   | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |     74811 | NS      | $2631850.98   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Space Exploration Technologies            | SPACE EXPLORATION TECHNOLOGIES            | CUSIP: 000000000<br>LEI: 549300B9WLO96RQCXP87 | Long             | EC               | CORP              | US        |    252130 | NS      | $106146730.00 | 14.41%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Space Exploration Technologies            | SPACE EXPLORATION TECHNOLOGIES            | CUSIP: 000000000<br>LEI: 549300B9WLO96RQCXP87 | Long             | EC               | CORP              | US        |     75250 | NS      | $31680250.00  | 4.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GM CRUISE HOLDINGS LLC                    | GM CRUISE HOLDINGS LLC                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    461004 | NS      | $1728765.00   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THINK + LEARN PRIVATE LIMITED             | THINK + LEARN PRIVATE LIMITED             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | IN        |      9201 | NS      | $42030.26     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CODERE ONLINE LUXEMBOURG, S.A.            | CODERE ONLINE LUXEMBOURG, S.A.            | CUSIP: 000000000<br>LEI: 222100ZJU57ZQLLYNO89 | Long             | EC               | CORP              | US        |    375992 | NS      | $3019215.76   | 0.41%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CODERE ONLINE LUXEMBOURG, S.A.            | CODERE ONLINE LUXEMBOURG, S.A.            | CUSIP: 000000000<br>LEI: 222100ZJU57ZQLLYNO89 | N/A              | DE               |  | US        |      4326 | NS      | $3504.06      | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Zscaler Inc                               | Zscaler Inc                               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     56355 | NS      | $12675366.60  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     17155 | NS      | $18484858.30  | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd                               | Eternal Ltd                               | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |   7408729 | NS      | $22959517.67  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                 | InPost SA                                 | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |    802024 | NS      | $9855846.17   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                         | Bajaj Finance Ltd                         | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |   2272718 | NS      | $24993049.53  | 3.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      8934 | NS      | $14406740.25  | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Afya Ltd                                  | Afya Ltd                                  | CUSIP: 000000000<br>LEI: 54930008Y7J8Z1BSDT57 | Long             | EC               | CORP              | KY        |    416760 | NS      | $6422271.60   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands            | NU Holdings Ltd/Cayman Islands            | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |   1218404 | NS      | $20396082.96  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Codere Online Luxembourg SA               | Codere Online Luxembourg SA               | CUSIP: 000000000<br>LEI: 222100ZJU57ZQLLYNO89 | Long             | EC               | CORP              | LU        |    827902 | NS      | $6648053.06   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Codere Online Luxembourg SA               | Codere Online Luxembourg SA               | CUSIP: 000000000<br>LEI: 222100ZJU57ZQLLYNO89 | N/A              | DE               |  | LU        |    498034 | NS      | $403407.54    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Fiverr International Ltd                  | Fiverr International Ltd                  | CUSIP: 000000000<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |    231622 | NS      | $4576850.72   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Taboola.com Ltd                           | Taboola.com Ltd                           | CUSIP: 000000000<br>LEI: 984500F5945AFAFFCB30 | N/A              | DE               |  | IL        |    228748 | NS      | $8372.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                               | Wix.com Ltd                               | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     84698 | NS      | $8799275.22   | 1.19%             |  |  |  | No            |                  1 | 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