# EDGAR Filing Document

**Accession Number:** 0001217673
**File Stem:** 0001752724-25-209289
**Filing Date:** 2025-8
**Character Count:** 19426
**Document Hash:** 0c4baf1a37e510dc8e9759e3cb5538a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209289.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209289

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 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:** 251264257

**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 India Fund (Series ID: S000071635)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000227028 | R6 Shares            | BINUX           |
| C000227029 | Retail Shares        | BINRX           |
| C000227030 | Institutional Shares | BINDX           |

## 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 India Fund

- **b. EDGAR series identifier (if any):** S000071635

- **c. LEI of Series:** 549300U7KTHAZZ8FEI02

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $18571517.17

**Total Liabilities:** $441482.25

**Net Assets:** $18130034.92

**Cash Not Reported:** $17790.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227028 | 4.35%                | 1.39%                | 3.16%                |
| Class ID C000227029 | 4.39%                | 1.40%                | 3.08%                |
| Class ID C000227030 | 4.35%                | 1.39%                | 3.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-25754.35               | $586091.70                                 |
| Month 2  | $-13013.85               | $258324.11                                 |
| Month 3  | $-10825.81               | $675362.96                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cholamandalam Investment and Finance Co Ltd | Cholamandalam Investment and Finance Co Ltd | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |     31146 | NS      | $591735.85    | 3.26%             |  |  |  | No            |                  2 | On Loan: No      |
| REFUNDABLE DEPOSIT SHENZHEN                 | REFUNDABLE DEPOSIT SHENZHEN                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | CN        |        66 | NS      | $9.20         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd                | Max Healthcare Institute Ltd                | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |     88552 | NS      | $1317541.42   | 7.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                                 | Eternal Ltd                                 | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    147820 | NS      | $455255.47    | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Dixon Technologies India Ltd                | Dixon Technologies India Ltd                | CUSIP: 000000000<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |       774 | NS      | $135296.31    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd                     | InterGlobe Aviation Ltd                     | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |     12393 | NS      | $864338.24    | 4.77%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Siemens Ltd                                 | Siemens Ltd                                 | CUSIP: 000000000<br>LEI: 335800HJQJFZ3CJLJ709 | Long             | EC               | CORP              | IN        |      1442 | NS      | $54681.20     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Shaily Engineering Plastics Ltd             | Shaily Engineering Plastics Ltd             | CUSIP: 000000000<br>LEI: 335800T1LWSQ3UCPMB53 | Long             | EC               | CORP              | IN        |      9561 | NS      | $185608.83    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Consumer Products Ltd                | Godrej Consumer Products Ltd                | CUSIP: 000000000<br>LEI: 335800P4GUWLGZFK2D63 | Long             | EC               | CORP              | IN        |     25715 | NS      | $353388.37    | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Aster DM Healthcare Ltd                     | Aster DM Healthcare Ltd                     | CUSIP: 000000000<br>LEI: 335800TFWMBMRZEICW46 | Long             | EC               | CORP              | IN        |     75747 | NS      | $526566.52    | 2.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| 360 ONE WAM Ltd                             | 360 ONE WAM Ltd                             | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |     12735 | NS      | $177435.71    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Indus Towers Ltd                            | Indus Towers Ltd                            | CUSIP: 000000000<br>LEI: 335800L6DI4VHODGDK41 | Long             | EC               | CORP              | IN        |     40122 | NS      | $196787.96    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd               | Tata Consultancy Services Ltd               | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     13806 | NS      | $557492.63    | 3.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                     | Reliance Industries Ltd                     | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     49092 | NS      | $859267.81    | 4.74%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Trent Ltd                                   | Trent Ltd                                   | CUSIP: 000000000<br>LEI: 335800IYA8EHI7MW7G59 | Long             | EC               | CORP              | IN        |      8610 | NS      | $624193.74    | 3.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                  | FIXED INC CLEARING CORP.REPO                | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   1016960 | PA      | $1016960.00   | 5.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd                       | Godrej Properties Ltd                       | CUSIP: 000000000<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |      6270 | NS      | $171444.99    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                               | HDFC Bank Ltd                               | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     36706 | NS      | $856918.37    | 4.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaynes Technology India Ltd                 | Kaynes Technology India Ltd                 | CUSIP: 000000000<br>LEI: 335800BMPIF3PQ2IPI37 | Long             | EC               | CORP              | IN        |      3124 | NS      | $222391.91    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd                      | Bharat Electronics Ltd                      | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |     93007 | NS      | $457402.91    | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| HealthCare Global Enterprises Ltd           | HealthCare Global Enterprises Ltd           | CUSIP: 000000000<br>LEI: 25490006D2X61N23FH96 | Long             | EC               | CORP              | IN        |     28966 | NS      | $185996.64    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                | Power Grid Corp of India Ltd                | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |    129684 | NS      | $453264.56    | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvama Wealth Management Ltd                | Nuvama Wealth Management Ltd                | CUSIP: 000000000<br>LEI: 3358002Y23HZBJW49C38 | Long             | EC               | CORP              | IN        |      1615 | NS      | $155174.83    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Coforge Ltd                                 | Coforge Ltd                                 | CUSIP: 000000000<br>LEI: 3358004YL9JGBNP4KF72 | Long             | EC               | CORP              | IN        |      8051 | NS      | $180696.18    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirloskar Oil Engines Ltd                   | Kirloskar Oil Engines Ltd                   | CUSIP: 000000000<br>LEI: 33580018J5C7B1UQSN26 | Long             | EC               | CORP              | IN        |     11326 | NS      | $112384.06    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consumer Products Ltd                  | Tata Consumer Products Ltd                  | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |     29179 | NS      | $374004.75    | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GMR Power and Urban Infra Ltd               | GMR Power and Urban Infra Ltd               | CUSIP: 000000000<br>LEI: 335800T1CSFF6PNMGZ84 | Long             | EC               | CORP              | IN        |    104865 | NS      | $140704.01    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                     | Kotak Mahindra Bank Ltd                     | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |     18957 | NS      | $478266.98    | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                     | Mahindra & Mahindra Ltd                     | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     13767 | NS      | $510992.54    | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Cummins India Ltd                           | Cummins India Ltd                           | CUSIP: 000000000<br>LEI: 3358002PR6NKJRU4YS77 | Long             | EC               | CORP              | IN        |      4180 | NS      | $165781.16    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Jio Financial Services Ltd                  | Jio Financial Services Ltd                  | CUSIP: 000000000<br>LEI: 3358003O268Q1OGBQR42 | Long             | EC               | CORP              | IN        |     20817 | NS      | $79406.71     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                           | Bharti Airtel Ltd                           | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     86625 | NS      | $1546717.13   | 8.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Tips Music Ltd                              | Tips Music Ltd                              | CUSIP: 000000000<br>LEI: 894500VNJRDRQC3GJX49 | Long             | EC               | CORP              | IN        |     13657 | NS      | $107180.31    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| REC Ltd                                     | REC Ltd                                     | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | EC               | CORP              | IN        |     17241 | NS      | $81007.87     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Precision Wires India Ltd                   | Precision Wires India Ltd                   | CUSIP: 000000000<br>LEI: 335800DS3LQTJ3D79385 | Long             | EC               | CORP              | IN        |    183316 | NS      | $402154.33    | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Communications Ltd                     | Tata Communications Ltd                     | CUSIP: 000000000<br>LEI: 3358004PBWAYF65RLI81 | Long             | EC               | CORP              | IN        |      9373 | NS      | $184802.24    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy India Ltd                    | Siemens Energy India Ltd                    | CUSIP: 000000000<br>LEI: 335800AEZO3CVXCSA716 | Long             | EC               | CORP              | IN        |      1134 | NS      | $39350.17     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Life Insurance Co Ltd                   | SBI Life Insurance Co Ltd                   | CUSIP: 000000000<br>LEI: 335800WMVIESQUO95586 | Long             | EC               | CORP              | IN        |     22616 | NS      | $484809.21    | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Centum Electronics Ltd                      | Centum Electronics Ltd                      | CUSIP: 000000000<br>LEI: 3358005AAWQ82RBG3166 | Long             | EC               | CORP              | IN        |     14027 | NS      | $392300.12    | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| DCW Ltd                                     | DCW Ltd                                     | CUSIP: 000000000<br>LEI: 9845003NGD60E4B46F52 | Long             | EC               | CORP              | IN        |     88978 | NS      | $87066.01     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finserv Ltd                           | Bajaj Finserv Ltd                           | CUSIP: 000000000<br>LEI: 3358001EH4I4IDMGQ326 | Long             | EC               | CORP              | IN        |     18843 | NS      | $451737.12    | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                              | ICICI Bank Ltd                              | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     68915 | NS      | $1164645.80   | 6.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                           | Bajaj Finance Ltd                           | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |     78119 | NS      | $853165.13    | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Thermax Ltd                                 | Thermax Ltd                                 | CUSIP: 000000000<br>LEI: 33580013S142QYY9TR81 | Long             | EC               | CORP              | IN        |      1160 | NS      | $46261.10     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Co Ltd                                | Titan Co Ltd                                | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |      3072 | NS      | $132212.57    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| SRF Ltd                                     | SRF Ltd                                     | CUSIP: 000000000<br>LEI: 335800436F28GT8ZW506 | Long             | EC               | CORP              | IN        |      2360 | NS      | $89246.16     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** BARON SELECT FUNDS

**Signature:** Christopher Snively

**Name of Signer:** Christopher Snively

**Title:** Chief Financial Officer and Treasurer