# EDGAR Filing Document

**Accession Number:** 0001217673
**File Stem:** 0001752724-23-049951
**Filing Date:** 2023-3
**Character Count:** 19931
**Document Hash:** ecc36d638fc9b2586da7bd4a43da3253
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049951.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049951

**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:** 23691979

**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 FinTech Fund (Series ID: S000067398)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000216732 | R6 Shares            | BFIUX           |
| C000216733 | Retail Shares        | BFINX           |
| C000216734 | Institutional Shares | BFIIX           |

## 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 FinTech Fund

- **b. EDGAR series identifier (if any):** S000067398

- **c. LEI of Series:** 549300GJT2F1VTB1XT98

**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:** $42695946.10

**Total Liabilities:** $45107.42

**Net Assets:** $42650838.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216732 | 8.36%                | 2.60%                | -5.58%               |
| Class ID C000216733 | 8.33%                | 2.62%                | -5.62%               |
| Class ID C000216734 | 8.27%                | 2.69%                | -5.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-357461.10              | $3804769.90                                |
| Month 2  | $-832923.84              | $2018698.02                                |
| Month 3  | $-450775.50              | $-2097252.86                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intuit Inc                                 | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5100 | NS      | $1985022.00   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                              | BlackRock Inc                              | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      1400 | NS      | $992082.00    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                              | Accenture PLC                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      6200 | NS      | $1654408.00   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                      | Alkami Technology Inc                      | CUSIP: 01644J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $145900.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                   | MSCI Inc                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      3300 | NS      | $1535061.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                       | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      9500 | NS      | $1232245.00   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                | Jack Henry & Associates Inc                | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      4000 | NS      | $702240.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Dlocal Ltd/Uruguay                         | Dlocal Ltd/Uruguay                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     14000 | NS      | $217980.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                   | MarketAxess Holdings Inc                   | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      1600 | NS      | $446224.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                       | Tradeweb Markets Inc                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $1038880.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Network International Holdings PLC         | Network International Holdings PLC         | CUSIP: 000000000<br>LEI: 213800XVRNKWENNLKK60 | Long             | EC               | CORP              | GB        |    175000 | NS      | $630467.48    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                               | Moody's Corp                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      3800 | NS      | $1058756.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bill.com Holdings Inc                      | Bill.com Holdings Inc                      | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      4000 | NS      | $435840.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                 | FIXED INC CLEARING CORP.REPO               | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   1848412 | PA      | $1848411.59   | 4.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                 | Globant SA                                 | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      6800 | NS      | $1143488.00   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                              | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      4600 | NS      | $773536.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                   | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     12100 | NS      | $2513896.00   | 5.89%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                  | nCino Inc                                  | CUSIP: 63947X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $264400.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                  | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     12000 | NS      | $754080.00    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                 | Fiserv Inc                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      7200 | NS      | $727704.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                         | Houlihan Lokey Inc                         | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     10000 | NS      | $871600.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                   | Adyen NV                                   | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |       600 | NS      | $832949.37    | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Ceridian HCM Holding Inc                   | Ceridian HCM Holding Inc                   | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |      2000 | NS      | $128300.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                 | TransUnion                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |      9000 | NS      | $510750.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                     | Guidewire Software Inc                     | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     12000 | NS      | $750720.00    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                           | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $772800.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                     | Paymentus Holdings Inc                     | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $120150.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                             | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      6800 | NS      | $2364564.00   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Group Inc                              | BRP Group Inc                              | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18500 | NS      | $465090.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise PLC                                   | Wise PLC                                   | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    115000 | NS      | $779099.83    | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvei Corp                                 | Nuvei Corp                                 | CUSIP: 67079A102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      5000 | NS      | $127050.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc               | FactSet Research Systems Inc               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      2650 | NS      | $1063206.50   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services Inc | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      6000 | NS      | $407100.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                    | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     21000 | NS      | $1748460.00   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                 | Endava PLC                                 | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |     19200 | NS      | $1468800.00   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                 | LPL Financial Holdings Inc                 | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      8000 | NS      | $1729360.00   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Expensify Inc                              | Expensify Inc                              | CUSIP: 30219Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $141280.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc          | Clearwater Analytics Holdings Inc          | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27000 | NS      | $506250.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                | Shopify Inc                                | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     12000 | NS      | $416520.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                  | Kinsale Capital Group Inc                  | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      2600 | NS      | $679952.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                       | Verisk Analytics Inc                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      4000 | NS      | $705680.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CI&T Inc                                   | CI&T Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     35000 | NS      | $227500.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                           | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1200 | NS      | $1015488.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                | Equifax Inc                                | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      3700 | NS      | $719132.00    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                             | S&P Global Inc                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      5900 | NS      | $1976146.00   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                        | Global Payments Inc                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      6000 | NS      | $595920.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                            | Fair Isaac Corp                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      2200 | NS      | $1316876.00   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Repay Holdings Corp                        | Repay Holdings Corp                        | CUSIP: 76029L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $120750.00    | 0.28%             |  |  |  | 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