Baron 13F annual report
Baron is an investment fund managing more than $146 billion ran by Gregory Cannillo. There are currently 26 companies in Mr. Cannillo’s portfolio. The largest investments include Spdr S&p 500 Etf Tr and Ishares Tr, together worth $76.6 billion.
$146 billion Assets Under Management (AUM)
As of 15th July 2024, Baron’s top holding is 34,580 shares of Spdr S&p 500 Etf Tr currently worth over $18.8 billion and making up 12.9% of the portfolio value.
In addition, the fund holds 636,080 shares of Ishares Tr worth $57.8 billion.
The third-largest holding is Vanguard Malvern Fds worth $13.5 billion and the next is Spdr Ser Tr worth $7.89 billion, with 181,788 shares owned.
Currently, Baron's portfolio is worth at least $146 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Baron
The Baron office and employees reside in Fair Lawn, New Jersey. According to the last 13-F report filed with the SEC, Gregory Cannillo serves as the Chief Compliance Officer at Baron.
Recent trades
In the most recent 13F filing, Baron revealed that it had opened a new position in
Baytex Corp and bought 13,625 shares worth $47.2 million.
This means they effectively own approximately 0.1% of the company.
Baytex Corp makes up
5.8%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
2,211 additional shares.
This makes their stake in Vanguard Index Fds total 73,053 shares worth $8.06 billion.
On the other hand, there are companies that Baron is getting rid of from its portfolio.
Baron closed its position in JPMorgan Chase & Co on 22nd July 2024.
It sold the previously owned 1,680 shares for $337 million.
Gregory Cannillo also disclosed a decreased stake in Spdr S&p 500 Etf Tr by approximately 0.1%.
This leaves the value of the investment at $18.8 billion and 34,580 shares.
One of the smallest hedge funds
The two most similar investment funds to Baron are Barnett and Forte Asset Management. They manage $146 billion and $146 billion respectively.
Gregory Cannillo investment strategy
Baron’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 1.0% of
the total portfolio value.
The fund focuses on investments in the United States as
23.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
19% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $665 billion.
The complete list of Baron trades based on 13F SEC filings
These positions were updated on July 22nd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Spdr S&p 500 Etf Tr |
4.65%
34,580
|
$18,819,146,000 | 12.88% |
| Ishares Tr |
3.16%
636,080
|
$57,771,915,000 | 39.55% |
| Vanguard Malvern Fds |
2.21%
277,115
|
$13,451,163,000 | 9.21% |
| Spdr Ser Tr |
5.88%
181,788
|
$7,890,779,000 | 5.40% |
| Invesco Exch Traded Fd Tr Ii |
2.64%
94,788
|
$5,240,829,000 | 3.59% |
| Spdr Gold Tr |
4.70%
23,910
|
$5,140,890,000 | 3.52% |
| Vanguard Index Fds |
3.12%
73,053
|
$8,056,168,000 | 5.51% |
| Vanguard World Fd |
1.14%
16,445
|
$4,577,191,000 | 3.13% |
| Amplify Etf Tr |
4.50%
86,485
|
$3,346,970,000 | 2.29% |
| Indexiq Etf Tr |
1.18%
94,049
|
$2,918,341,000 | 2.00% |
| Vanguard Charlotte Fds |
28.15%
57,063
|
$2,777,257,000 | 1.90% |
| Ishares Inc |
3.50%
93,286
|
$4,016,041,000 | 2.75% |
| Spdr Index Shs Fds |
4.36%
66,745
|
$2,341,432,000 | 1.60% |
| Spdr S&p Midcap 400 Etf Tr |
2.47%
4,304
|
$2,302,785,000 | 1.58% |
| Invesco Exchange Traded Fd T |
3.32%
18,277
|
$1,878,512,000 | 1.29% |
| Apple Inc |
25.36%
7,067
|
$1,488,389,000 | 1.02% |
| Microsoft Corporation |
23.17%
1,738
|
$776,708,000 | 0.53% |
| Exxon Mobil Corp. |
10.11%
6,670
|
$767,851,000 | 0.53% |
| International Business Machs |
0.15%
3,342
|
$577,950,000 | 0.40% |
| Vanguard Bd Index Fds |
3.36%
6,478
|
$496,863,000 | 0.34% |
| Ares Capital Corp |
2.95%
18,907
|
$394,016,000 | 0.27% |
| Colgate-Palmolive Co. |
No change
3,490
|
$338,670,000 | 0.23% |
| JPMorgan Chase & Co. |
Closed
1,680
|
$336,504,000 | |
| Merck & Co Inc |
Closed
1,993
|
$262,977,000 | |
| Johnson & Johnson |
Closed
1,612
|
$254,951,000 | |
| Vanguard Specialized Funds |
No change
1,367
|
$249,546,000 | 0.17% |
| Procter And Gamble Co |
Closed
1,351
|
$219,200,000 | |
| Abbvie Inc |
8.97%
1,268
|
$217,488,000 | 0.15% |
| Automatic Data Processing In |
42.76%
850
|
$202,993,000 | 0.14% |
| Baytex Energy Corp |
Opened
13,625
|
$47,223,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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