BARON OPPORTUNITY FUND
BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
BARON OPPORTUNITY FUND is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
The investment goal of Baron Opportunity Fund (the Fund) is capital appreciation through investments primarily in growth companies that benefit from technology advances.
The fund invests in equity securities of U.S. high-growth companies across all market capitalizations, selected by the adviser for capital appreciation potential based on technology innovation, competitive advantages, management quality, and valuation. The fund is diversified and may invest in any sector or industry believed to benefit from technological advances. Because returns depend on the adviser's security selection, performance will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| BIOPX | 1.31% |
| BIOIX | 1.05% |
| BIOUX | 1.04% |
Portfolio turnover 30.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.89% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 57.0% |
| International | 11.4% |
| Consumer Discretionary | 10.0% |
| Communication Services | 7.3% |
| 6 smaller | 14.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +33.02% | +117.17% | +50.31% | 18.64% | -15.31% | |
| +33.40% | +118.79% | +52.27% | 18.63% | -15.29% | |
| +33.40% | +118.86% | +52.30% | 18.64% | -15.30% |
These classes hold the same portfolio, so the 1.99pp spread over 5 years is the cost difference between them — roughly 0.40pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| SPCX | Space Exploration Technologies CorpSPCX | 19.02% | $170.86 | $403.00M | 2.4M |
| NVDA | NVIDIA CorpNVDA | 11.49% | $200.09 | $243.59M | 1.2M |
| AVGO | Broadcom IncAVGO | 5.75% | $377.75 | $121.98M | 322.9K |
| AMZN | Amazon.com IncAMZN | 5.35% | $238.34 | $113.33M | 475.5K |
| TSLA | Tesla IncTSLA | 4.67% | $420.60 | $98.93M | 235.2K |
| GOOGL | Alphabet IncGOOGL | 4.36% | $357.37 | $92.49M | 258.8K |
| LLY | Eli Lilly & CoLLY | 3.45% | $1,199.43 | $73.05M | 60.9K |
| — | Spotify Technology SA | 3.35% | $459.13 | $71.03M | 154.7K |
| META | Meta Platforms IncMETA | 2.81% | $563.29 | $59.54M | 105.7K |
| TSM | Taiwan Semiconductor Manufacturing Co LtdTSM | 2.75% | $477.57 | $58.36M | 122.2K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 63.00% of net assets, top 25 85.36%, across 47 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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