# EDGAR Filing Document

**Accession Number:** 0001217673
**File Stem:** 0001752724-23-049936
**Filing Date:** 2023-3
**Character Count:** 17513
**Document Hash:** ebd798fe5d2948ad599d159171f46a81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049936.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049936

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARON SELECT FUNDS
- **CENTRAL INDEX KEY:** 0001217673
- **IRS NUMBER:** 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:** 23691954

**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 Technology Fund (Series ID: S000074874)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000233226 | R6 Shares             |  |
| C000233227 | Retail Shares         |  |
| C000233228 | Instituitional Shares |  |

## 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 Technology Fund

- **b. EDGAR series identifier (if any):** S000074874

- **c. LEI of Series:** 5493002ZYIB7E46EZU12

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $3361703.02

**Total Liabilities:** $53785.19

**Net Assets:** $3307917.83

**Cash Not Reported:** $69450.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233228 | 2.37%                | 0.99%                | -8.84%               |
| Class ID C000233227 | 2.37%                | 0.83%                | -8.70%               |
| Class ID C000233226 | 2.37%                | 0.99%                | -8.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-89351.43               | $170389.66                                 |
| Month 2  | $-68438.39               | $107891.10                                 |
| Month 3  | $-1833.13                | $-313478.51                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| S4 Capital PLC                            | S4 Capital PLC                            | CUSIP: 000000000<br>LEI: 21380068SP9V65KPQN68 | Long             | EC               | CORP              | GB        |     13440 | NS      | $30730.57     | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Intuit Inc                                | Intuit Inc                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       209 | NS      | $81346.98     | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                            | Atlassian Corp                            | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |       207 | NS      | $26636.76     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dlocal Ltd/Uruguay                        | Dlocal Ltd/Uruguay                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       884 | NS      | $13763.88     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                            | Cloudflare Inc                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      1022 | NS      | $46204.62     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                               | HubSpot Inc                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       177 | NS      | $51176.01     | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                 | ZoomInfo Technologies Inc                 | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3200 | NS      | $96352.00     | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1339 | NS      | $86727.03     | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       497 | NS      | $103256.72    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       196 | NS      | $107094.40    | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                               | Workday Inc                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       267 | NS      | $44677.11     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1477 | NS      | $354214.14    | 10.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                        | Trade Desk Inc/The                        | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |       766 | NS      | $34339.78     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       858 | NS      | $125388.12    | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       784 | NS      | $69564.32     | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceridian HCM Holding Inc                  | Ceridian HCM Holding Inc                  | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |      1720 | NS      | $110338.00    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                               | Gartner Inc                               | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |       364 | NS      | $122354.96    | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                    | Marvell Technology Inc                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       503 | NS      | $18631.12     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                          | CoStar Group Inc                          | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1537 | NS      | $118779.36    | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       300 | NS      | $104319.00    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       128 | NS      | $71568.64     | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                 | Tesla Inc                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       930 | NS      | $114557.40    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                            | ServiceNow Inc                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       324 | NS      | $125799.48    | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                             | Snowflake Inc                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       384 | NS      | $55119.36     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       540 | NS      | $64983.60     | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                | Endava PLC                                | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |      1623 | NS      | $124159.50    | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                                 | Braze Inc                                 | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |      1360 | NS      | $37100.80     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                | Gitlab Inc                                | CUSIP: 37637K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       783 | NS      | $35579.52     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings Inc                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       475 | NS      | $50012.75     | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| eDreams ODIGEO SA                         | eDreams ODIGEO SA                         | CUSIP: 000000000<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | EC               | CORP              | ES        |      5839 | NS      | $24648.91     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Datadog Inc                               | Datadog Inc                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      1748 | NS      | $128478.00    | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc              | Monolithic Power Systems Inc              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       149 | NS      | $52687.89     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                               | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      1095 | NS      | $38007.45     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                         | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       139 | NS      | $58421.70     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |       740 | NS      | $96148.20     | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4285 | NS      | $62233.02     | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       117 | NS      | $8715.33      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc                     | Rivian Automotive Inc                     | CUSIP: 76954A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1098 | NS      | $20236.14     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| indie Semiconductor Inc                   | indie Semiconductor Inc                   | CUSIP: 45569U101<br>LEI: 254900L1MFXFYGB1PV53 | Long             | EC               | CORP              | US        |      8238 | NS      | $48027.54     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3239 | NS      | $272076.00    | 8.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                       | PAR Technology Corp                       | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |      2075 | NS      | $54095.25     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-20

**Name of Applicant:** BARON SELECT FUNDS

**Signature:** Peggy Wong

**Name of Signer:** Peggy Wong

**Title:** Chief Financial Officer and Treasurer