Baron Capital

Baron Capital is a New York City-based research and investment management firm specializing in long-term growth equity strategies through mutual funds and exchange-traded funds. The firm manages approximately $49 billion in assets under management and employs a staff of around 200 people to serve institutional clients, financial advisors, and individual retail investors. Its investment approach focuses on holding small-cap and growth companies across the healthcare, technology, and consumer sectors for extended periods of four to fifteen years. The firm's portfolio includes significant long-term equity positions in prominent technology and consumer companies such as Tesla, SpaceX, xAI, and CoStar Group. In late 2025, the firm expanded its offerings by launching five actively managed ETFs, while its stake in SpaceX grew to represent its largest single investment at roughly $10 billion. Baron Capital was founded in 1982 by Ronald S. Baron.