# EDGAR Filing Document

**Accession Number:** 0002081199
**File Stem:** 0001410368-26-021316
**Filing Date:** 2026-3
**Character Count:** 12058
**Document Hash:** 0dd7b603590531efe699d9f729edad83
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021316.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021316

**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:** 26704653

**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 First Principles ETF (Series ID: S000096481)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000265316 | Baron First Principles ETF | RONB            |

## 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 First Principles ETF

- **b. EDGAR series identifier (if any):** S000096481

- **c. LEI of Series:** 254900C89SBHGLMCVB50

**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:** $67120391.98

**Total Liabilities:** $996.96

**Net Assets:** $67119395.02

**Cash Not Reported:** $434329.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000265316 |  |  | -0.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $-172207.74              | $-335978.95                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Airbnb Inc                      | Airbnb Inc                      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     10180 | NS      | $1381629.60   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc | Choice Hotels International Inc | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     18082 | NS      | $1722491.32   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                | CoStar Group Inc                | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     42030 | NS      | $2826097.20   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc    | FactSet Research Systems Inc    | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      9180 | NS      | $2663944.20   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                     | Gartner Inc                     | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      9531 | NS      | $2404480.68   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc          | Guidewire Software Inc          | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     15656 | NS      | $3147012.56   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                      | HEICO Corp                      | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      8342 | NS      | $2105771.06   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp               | Hyatt Hotels Corp               | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     16649 | NS      | $2669167.68   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc          | IDEXX Laboratories Inc          | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3327 | NS      | $2250815.31   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc   | Interactive Brokers Group Inc   | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     42735 | NS      | $2748287.85   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc       | Kinsale Capital Group Inc       | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      5175 | NS      | $2024046.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc   | Live Nation Entertainment Inc   | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     12126 | NS      | $1727955.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                        | MSCI Inc                        | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      6383 | NS      | $3662118.59   | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                 | Morningstar Inc                 | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      6401 | NS      | $1391001.31   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc            | Red Rock Resorts Inc            | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43063 | NS      | $2667752.85   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                     | Samsara Inc                     | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34175 | NS      | $1211503.75   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The         | Charles Schwab Corp/The         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     20951 | NS      | $2093214.41   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                     | Shopify Inc                     | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     22890 | NS      | $3684603.30   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                       | Tesla Inc                       | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     15360 | NS      | $6907699.20   | 10.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc               | Toll Brothers Inc               | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      9640 | NS      | $1303520.80   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                | Vail Resorts Inc                | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      9491 | NS      | $1260404.80   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc            | Verisk Analytics Inc            | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     10770 | NS      | $2409141.30   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| X.AI HOLDINGS CORP.             | X.AI HOLDINGS CORP.             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     66260 | NS      | $4999979.60   | 7.45%             |  |  |  | No            |                  3 | On Loan: No      |
| Arch Capital Group Ltd          | Arch Capital Group Ltd          | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     19690 | NS      | $1888664.80   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                   | On Holding AG                   | CUSIP: 000000000<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |     27816 | NS      | $1292887.68   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA           | Spotify Technology SA           | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      5845 | NS      | $3394249.95   | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Birkenstock Holding Plc         | Birkenstock Holding Plc         | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |     19906 | NS      | $814155.40    | 1.21%             |  |  |  | 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