# EDGAR Filing Document

**Accession Number:** 0000810902
**File Stem:** 0001410368-26-049918
**Filing Date:** 2026-5
**Character Count:** 20451
**Document Hash:** 8206ecc23e9b8d2df88dce4d6e2ef333
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-049918.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001410368-26-049918

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)
- **CENTRAL INDEX KEY:** 0000810902

**ORGANIZATION NAME:**
- **EIN:** 136891420
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05032
- **FILM NUMBER:** 261011518

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARON ASSET FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BARON ASSET FUND (Series ID: S000000582)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000001635 | BARON ASSET FUND     | BARAX           |
| C000077818 | Institutional Shares | BARIX           |
| C000165210 | R6 Shares            | BARUX           |

## 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 INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)

- **b. Investment Company Act file number:** 811-05032

- **c. CIK number of Registrant:** 0000810902

- **d. LEI of Registrant:** 549300QG0RSSKFZ1ZK02

- **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 ASSET FUND

- **b. EDGAR series identifier (if any):** S000000582

- **c. LEI of Series:** 54930015OV8URGQ4FJ88

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $3316073036.24

**Total Liabilities:** $565235.77

**Net Assets:** $3315507800.47

**Cash Not Reported:** $24758564.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001635 | -3.71%               | 1.85%                | -6.05%               |
| Class ID C000077818 | -3.69%               | 1.87%                | -6.04%               |
| Class ID C000165210 | -3.69%               | 1.86%                | -6.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $38418319.30             | $-173804401.74                             |
| Month 2  | $41409916.46             | $25381522.80                               |
| Month 3  | $48952708.12             | $-263913065.11                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amphenol Corp                    | Amphenol Corp                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   1398270 | NS      | $176671414.50 | 5.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc              | Axon Enterprise Inc              | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     60000 | NS      | $25481400.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp | Booz Allen Hamilton Holding Corp | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    360000 | NS      | $28090800.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                   | CBRE Group Inc                   | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    496323 | NS      | $67231913.58  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                      | CDW Corp/DE                      | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    175011 | NS      | $21179831.22  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc  | Choice Hotels International Inc  | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |    388682 | NS      | $40228587.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The               | Cooper Cos Inc/The               | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |    411198 | NS      | $29400657.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                 | CoStar Group Inc                 | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |   1854901 | NS      | $74826706.34  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                   | DraftKings Inc                   | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    950000 | NS      | $20539000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                      | Equinix Inc                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     46116 | NS      | $45204747.84  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc     | FactSet Research Systems Inc     | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |    152719 | NS      | $33138495.81  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                  | Fair Isaac Corp                  | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     51047 | NS      | $54494714.38  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc       | Floor & Decor Holdings Inc       | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    300000 | NS      | $15240000.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Forgent Power Solutions Inc      | Forgent Power Solutions Inc      | CUSIP: 34631F102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    873738 | NS      | $25574311.26  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                      | Gartner Inc                      | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |    575973 | NS      | $91199564.82  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc           | Guidewire Software Inc           | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |    862495 | NS      | $128994752.20 | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc    | Hilton Worldwide Holdings Inc    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     31000 | NS      | $9426480.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                | Hyatt Hotels Corp                | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |    500233 | NS      | $71928503.07  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                        | IDEX Corp                        | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     33460 | NS      | $6342343.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc           | IDEXX Laboratories Inc           | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |    269176 | NS      | $151247302.64 | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc       | LPL Financial Holdings Inc       | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     55000 | NS      | $16545650.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                | Loar Holdings Inc                | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    550000 | NS      | $31509500.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                         | MSCI Inc                         | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     53000 | NS      | $28567530.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc | Mettler-Toledo International Inc | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |     85647 | NS      | $108017996.40 | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc         | Procore Technologies Inc         | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |    515000 | NS      | $29355000.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc              | Quanta Services Inc              | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    255080 | NS      | $140044021.60 | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                    | Repligen Corp                    | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    144000 | NS      | $16966080.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                      | Rollins Inc                      | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    905558 | NS      | $48365852.78  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc           | Roper Technologies Inc           | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |    170692 | NS      | $60401071.12  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc   | SS&C Technologies Holdings Inc   | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    403076 | NS      | $27235845.32  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                      | Samsara Inc                      | CUSIP: 79589L106<br>LEI: 529900IE80DQBIFK3M88 | Long             | EC               | CORP              | US        |    850000 | NS      | $26936500.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The          | Charles Schwab Corp/The          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    868394 | NS      | $81611668.12  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                 | ServiceTitan Inc                 | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    256493 | NS      | $16277045.78  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Stubhub Holdings Inc             | Stubhub Holdings Inc             | CUSIP: 86384P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1766765 | NS      | $11024613.60  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc             | Tradeweb Markets Inc             | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    311189 | NS      | $36614497.74  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                       | TransUnion                       | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    575500 | NS      | $39818845.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                 | Vail Resorts Inc                 | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |    298231 | NS      | $38269001.92  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                | Veeva Systems Inc                | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    146728 | NS      | $25774240.48  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc             | Verisk Analytics Inc             | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    621476 | NS      | $117925071.00 | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co               | Vertiv Holdings Co               | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    290000 | NS      | $72668200.00  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co              | Vulcan Materials Co              | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     70000 | NS      | $19061000.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Space Exploration Technologies   | SPACE EXPLORATION TECHNOLOGIES   | CUSIP: 000000000<br>LEI: 549300B9WLO96RQCXP87 | Long             | EC               | CORP              | US        |    571270 | NS      | $300825069.30 | 9.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Space Exploration Technologies   | SPACE EXPLORATION TECHNOLOGIES   | CUSIP: 000000000<br>LEI: 549300B9WLO96RQCXP87 | Long             | EC               | CORP              | US        |     69932 | NS      | $36825491.88  | 1.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Welltower Inc                    | Welltower Inc                    | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |    220000 | NS      | $43496200.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc | West Pharmaceutical Services Inc | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |     56474 | NS      | $14154643.36  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYRYSE INC                      | SKYRYSE INC                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    277529 | NS      | $6299908.30   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SPACE EXPLORATION TECH CORP      | SPACE EXPLORATION TECH CORP      | CUSIP: 000000000<br>LEI: 549300B9WLO96RQCXP87 | Long             | EP               | CORP              | US        |     96298 | NS      | $507095638.20 | 15.29%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Arch Capital Group Ltd           | Arch Capital Group Ltd           | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |   1523417 | NS      | $146232797.83 | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC         | Willis Towers Watson PLC         | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     74451 | NS      | $21642905.70  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                    | On Holding AG                    | CUSIP: 000000000<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |   1147000 | NS      | $39020940.00  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA            | Spotify Technology SA            | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     90030 | NS      | $43656447.30  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Birkenstock Holding Plc          | Birkenstock Holding Plc          | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |    591069 | NS      | $21178002.27  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-22

**Name of Applicant:** BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer