# EDGAR Filing Document

**Accession Number:** 0002081199
**File Stem:** 0001410368-26-021318
**Filing Date:** 2026-3
**Character Count:** 20649
**Document Hash:** 198b6545c1b6eb21789c03544ce52a4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-021318.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001410368-26-021318

**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:** 26704655

**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 SMID Cap ETF (Series ID: S000096483)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000265318 | Baron SMID Cap ETF | BCSM            |

## 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 SMID Cap ETF

- **b. EDGAR series identifier (if any):** S000096483

- **c. LEI of Series:** 2549006YVZXKWHJBN454

**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:** $15905319.60

**Total Liabilities:** $513.96

**Net Assets:** $15904805.64

**Cash Not Reported:** $487179.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000265318 |  |  | -1.23%               |

**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  | $-6669.37                | $-206808.93                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Arcellx Inc                             | Arcellx Inc                             | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1980 | NS      | $129096.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                               | Argenx SE                               | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       332 | NS      | $279195.40    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                     | Axon Enterprise Inc                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       270 | NS      | $153341.10    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                    | BWX Technologies Inc                    | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       859 | NS      | $148469.56    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp        | Booz Allen Hamilton Holding Corp        | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      4620 | NS      | $389743.20    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc              | Chipotle Mexican Grill Inc              | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |      8912 | NS      | $329744.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc       | Clearwater Analytics Holdings Inc       | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15247 | NS      | $367757.64    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                           | Coherent Corp                           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      2507 | NS      | $462716.99    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                           | Dynatrace Inc                           | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |      8778 | NS      | $380438.52    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                               | Enpro Inc                               | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      1386 | NS      | $296784.18    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                     | Exact Sciences Corp                     | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |      3035 | NS      | $308234.60    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                         | Fair Isaac Corp                         | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       197 | NS      | $333052.14    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                              | Gitlab Inc                              | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |      8447 | NS      | $317015.91    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                  | Guidewire Software Inc                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      1586 | NS      | $318801.86    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                       | Hamilton Lane Inc                       | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      2113 | NS      | $283797.03    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc           | Hilton Worldwide Holdings Inc           | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       932 | NS      | $267717.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                            | Insulet Corp                            | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1386 | NS      | $393956.64    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                     | Karman Holdings Inc                     | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5015 | NS      | $366947.55    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc | Kratos Defense & Security Solutions Inc | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      3299 | NS      | $250427.09    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc              | LPL Financial Holdings Inc              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |       863 | NS      | $308237.71    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp              | Lattice Semiconductor Corp              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      3827 | NS      | $281590.66    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Live Holdings Inc               | Liberty Live Holdings Inc               | CUSIP: 530909308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4756 | NS      | $395508.96    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One  | Liberty Media Corp-Liberty Formula One  | CUSIP: 531229771<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4686 | NS      | $418834.68    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                       | Loar Holdings Inc                       | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6139 | NS      | $417452.00    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                | MSCI Inc                                | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       527 | NS      | $302355.71    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                             | Masimo Corp                             | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      1652 | NS      | $214859.12    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                     | Mercury Systems Inc                     | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      5081 | NS      | $370963.81    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc            | Monolithic Power Systems Inc            | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       266 | NS      | $241091.76    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                              | Natera Inc                              | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |      1652 | NS      | $378456.68    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                            | Netskope Inc                            | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |     13200 | NS      | $231528.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                            | Penumbra Inc                            | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |       926 | NS      | $287902.66    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                               | Pool Corp                               | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |       859 | NS      | $196496.25    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                | Procore Technologies Inc                | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |      4226 | NS      | $307399.24    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                        | RBC Bearings Inc                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       461 | NS      | $206726.23    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                              | Reddit Inc                              | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |       793 | NS      | $182286.91    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                           | Repligen Corp                           | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      2246 | NS      | $368029.56    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                             | Rollins Inc                             | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      5546 | NS      | $332870.92    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                              | Rubrik Inc                              | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      4752 | NS      | $363432.96    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc             | Ryan Specialty Holdings Inc             | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4621 | NS      | $238582.23    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                             | Samsara Inc                             | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8513 | NS      | $301785.85    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                         | SentinelOne Inc                         | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |      9371 | NS      | $140565.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                        | ServiceTitan Inc                        | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3367 | NS      | $358585.50    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc            | SiteOne Landscape Supply Inc            | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |      2772 | NS      | $345280.32    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                           | Tempus AI Inc                           | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |      2244 | NS      | $132508.20    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                    | Tradeweb Markets Inc                    | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1980 | NS      | $212929.20    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                     | TransDigm Group Inc                     | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       133 | NS      | $176870.05    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                     | Vulcan Materials Co                     | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      1058 | NS      | $301762.76    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                            | Wingstop Inc                            | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      1387 | NS      | $330785.63    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                        | Wynn Resorts Ltd                        | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |      2640 | NS      | $317671.20    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                             | Zscaler Inc                             | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1386 | NS      | $311739.12    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC               | Flutter Entertainment PLC               | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      1852 | NS      | $398254.08    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                     | Stevanato Group SpA                     | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |     13263 | NS      | $266851.56    | 1.68%             |  |  |  | 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