# EDGAR Filing Document

**Accession Number:** 0000810902
**File Stem:** 0001410368-26-049925
**Filing Date:** 2026-5
**Character Count:** 9497
**Document Hash:** 872642ffa51a9a0d6b22831f332684b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-049925.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001410368-26-049925

**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:** 261011525

**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 GROWTH FUND (Series ID: S000000583)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000001636 | BARON GROWTH FUND    | BGRFX           |
| C000077819 | Institutional Shares | BGRIX           |
| C000165211 | R6 Shares            | BGRUX           |

## 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 GROWTH FUND

- **b. EDGAR series identifier (if any):** S000000583

- **c. LEI of Series:** 5493003RB1W6V2NH4T78

**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:** $2982386323.80

**Total Liabilities:** $369067894.99

**Net Assets:** $2613318428.81

**Cash Not Reported:** $106049.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001636 | -2.65%               | -3.77%               | -6.18%               |
| Class ID C000077819 | -2.63%               | -3.76%               | -6.16%               |
| Class ID C000165211 | -2.63%               | -3.76%               | -6.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $317504106.47            | $-411365740.31                             |
| Month 2  | $94523543.82             | $-231787282.82                             |
| Month 3  | $227866052.41            | $-412287079.74                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Choice Hotels International Inc | Choice Hotels International Inc | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |   2750000 | NS      | $284625000.00 | 10.89%            |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                | CoStar Group Inc                | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |   2650000 | NS      | $106901000.00 | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Figs Inc                        | Figs Inc                        | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  12368569 | NS      | $182683764.13 | 6.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc    | FactSet Research Systems Inc    | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |    675000 | NS      | $146468250.00 | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                     | Gartner Inc                     | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |   1060000 | NS      | $167840400.00 | 6.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc          | Guidewire Software Inc          | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |    750000 | NS      | $112170000.00 | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc              | Houlihan Lokey Inc              | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    400000 | NS      | $57448000.00  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc          | IDEXX Laboratories Inc          | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |    200000 | NS      | $112378000.00 | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc       | Kinsale Capital Group Inc       | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |    863900 | NS      | $295160074.00 | 11.29%            |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                        | MSCI Inc                        | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |    893400 | NS      | $481551534.00 | 18.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                 | Morningstar Inc                 | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |    535000 | NS      | $90441750.00  | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                   | Primerica Inc                   | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |    576000 | NS      | $144276480.00 | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc            | Red Rock Resorts Inc            | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2347802 | NS      | $125278714.72 | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMERS BUSINESS NETWORK COMMO  | FARMERS BUSINESS NETWORK COMMO  | CUSIP: 000000000<br>LEI: 5493003KO0NA75DM0Y81 | Long             | EC               | CORP              | US        |    422278 | NS      | $785437.08    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vail Resorts Inc                | Vail Resorts Inc                | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |    755000 | NS      | $96881600.00  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHVOLT AB                    | NORTHVOLT AB RESTRICTED         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |  59407006 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Arch Capital Group Ltd          | Arch Capital Group Ltd          | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |   5991000 | NS      | $575076090.00 | 22.01%            |  |  |  | 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