NPORT-P false 0001217673 XXXXXXXX S000027257 C000082257 C000165214 C000082256 BARON SELECT FUNDS 811-21296 0001217673 549300U6KWVIU0PW2H88 767 FIFTH AVE 49TH FL NEW YORK 10153 212-583-2000 Baron Real Estate Fund S000027257 549300CF6DJFQ0S5V274 2020-12-31 2020-09-30 N 799738048.44 202586.24 799535462.20 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N NEXTDC Ltd 529900RTERU3X7G3D672 000000000 1710900.00000000 NS 15182711.99000000 1.898941661477 Long EC CORP AU N 2 N N N Invitation Homes Inc N/A 46187W107 519400.00000000 NS USD 14538006.00000000 1.818306590178 Long EC US N 1 N N N Gaming and Leisure Properties Inc 5493006GWRDBCZYWTM57 36467J108 292157.00000000 NS USD 10789358.01000000 1.349453341357 Long EC US N 1 N N N Fortune Brands Home & Security Inc 54930032LHW54PQUJD44 34964C106 108250.00000000 NS USD 9365790.00000000 1.171403951768 Long EC CORP US N 1 N N N Las Vegas Sands Corp 549300DUOO1KXOHPM605 517834107 249600.00000000 NS USD 11646336.00000000 1.456637829165 Long EC CORP US N 1 N N N Toll Brothers Inc 529900JB6IS9MSZGVR44 889478103 307900.00000000 NS USD 14982414.00000000 1.873889865844 Long EC CORP US N 1 N N N MGM Growth Properties LLC 549300E2UGIBHWE12262 55303A105 482500.00000000 NS USD 13500350.00000000 1.688524229163 Long EC US N 1 N N N Hilton Grand Vacations Inc 549300O9K6MFD8D07574 43283X105 393523.00000000 NS USD 8256112.54000000 1.032613677607 Long EC CORP US N 1 N N N Redfin Corp 549300HXWD3JEMZU3O57 75737F108 78150.00000000 NS USD 3902029.50000000 0.488037077087 Long EC CORP US N 1 N N N Marriott Vacations Worldwide Corp 549300WA6BT5H4F7IO94 57164Y107 136300.00000000 NS USD 12377403.00000000 1.548074298786 Long EC CORP US N 1 N N N Taylor Morrison Home Corp 5299009UDLLGLKOOJE30 87724P106 497047.00000000 NS USD 12222385.73000000 1.528685881720 Long EC CORP US N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 437076102 62850.00000000 NS USD 17454073.50000000 2.183026810589 Long EC CORP US N 1 N N N Americold Realty Trust 549300R7N1V5YV8MWH02 03064D108 381290.00000000 NS USD 13631117.50000000 1.704879663810 Long EC US N 1 N N N Wynn Resorts Ltd 254900CEKKWIHTEAB172 983134107 503750.00000000 NS USD 36174287.50000000 4.524413138657 Long EC CORP US N 1 N N N Alexandria Real Estate Equities Inc MGCJBT4MKTQBVLNUIS88 015271109 89500.00000000 NS USD 14320000.00000000 1.791040007230 Long EC US N 1 N N N American Tower Corp 5493006ORUSIL88JOE18 03027X100 92850.00000000 NS USD 22444630.50000000 2.807208880797 Long EC US N 1 N N N Trex Co Inc N/A 89531P105 95300.00000000 NS USD 6823480.00000000 0.853430563445 Long EC CORP US N 1 N N N CoStar Group Inc N/A 22160N109 25600.00000000 NS USD 21721856.00000000 2.716809575929 Long EC CORP US N 1 N N N Pool Corp 5493005VZK1KMN6CO617 73278L105 31800.00000000 NS USD 10638372.00000000 1.330569124567 Long EC CORP US N 1 N N N Prologis Inc 529900DFH19P073LZ636 74340W103 205550.00000000 NS USD 20682441.00000000 2.586807212164 Long EC US N 1 N N N FIXED INC CLEARING CORP.REPO 549300H47WTHXPU08X20 000000000 19610770.65000000 PA USD 19610770.65000000 2.452770587065 Long RA CORP US N 2 Repurchase N 0.00000000 2020-10-01 19998600.00000000 USD 20003033.08966200 USD UST N N N DR Horton Inc 529900ZIUEYVSB8QDD25 23331A109 335997.00000000 NS USD 25411453.11000000 3.178277176108 Long EC CORP US N 1 N N N SBA Communications Corp 5299001HX8ZN8Y8QIT49 78410G104 34050.00000000 NS USD 10844244.00000000 1.356318076269 Long EC US N 1 N N N Installed Building Products Inc 549300I95Y9P9YM5FI86 45780R101 265523.00000000 NS USD 27016965.25000000 3.379082795860 Long EC CORP US N 1 N N N Red Rock Resorts Inc N/A 75700L108 1419521.00000000 NS USD 24273809.10000000 3.035989052093 Long EC CORP US N 1 N N N Equity LifeStyle Properties Inc 529900PEQG66LENB6798 29472R108 149600.00000000 NS USD 9170480.00000000 1.146976017144 Long EC US N 1 N N N PropTech Acquisition Corp N/A 74349F101 425850.00000000 NS USD 4739710.50000000 0.592808039678 Long EC CORP US N 1 N N N AZEK Co Inc/The N/A 05478C105 325451.00000000 NS USD 11328949.31000000 1.416941442325 Long EC CORP US N 1 N N N Boyd Gaming Corp 254900787YGRYS2A1Z35 103304101 816750.00000000 NS USD 25066057.50000000 3.135077640087 Long EC CORP US N 1 N N N Brookfield Asset Management Inc C6J3FGIWG6MBDGTE8F80 112585104 544007.00000000 NS USD 17984871.42000000 2.249415100427 Long EC CORP CA N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 29444U700 41040.00000000 NS USD 31195735.20000000 3.901732527805 Long EC US N 1 N N N KE Holdings Inc 254900RHVY072XPAZE03 482497104 2574.00000000 NS USD 157786.20000000 0.019734734412 Long EC CORP KY N 1 N N N Penn National Gaming Inc N/A 707569109 631878.00000000 NS USD 45937530.60000000 5.745527593435 Long EC CORP US N 1 N N N Lowe's Cos Inc WAFCR4OKGSC504WU3E95 548661107 122700.00000000 NS USD 20351022.00000000 2.545355767460 Long EC CORP US N 1 N N N Zillow Group Inc 2549002XEELQDIR6FU05 98954M200 341360.00000000 NS USD 34678762.40000000 4.337363886847 Long EC CORP US N 1 N N N Hilton Worldwide Holdings Inc 549300HVGPK36ICB0B89 43300A203 93150.00000000 NS USD 7947558.00000000 0.994021950962 Long EC CORP US N 1 N N N Lennar Corp 529900G61XVRLX5TJX09 526057104 361200.00000000 NS USD 29502816.00000000 3.689994677511 Long EC CORP US N 1 N N N Sherwin-Williams Co/The Z15BMIOX8DDH0X2OBP21 824348106 17550.00000000 NS USD 12227787.00000000 1.529361432744 Long EC CORP US N 1 N N N Jones Lang LaSalle Inc 6SYKCME112RT8TQUO411 48020Q107 53150.00000000 NS USD 5084329.00000000 0.635910380511 Long EC CORP US N 1 N N N SiteOne Landscape Supply Inc 5299008LX7SBD4HIAU03 82982L103 92101.00000000 NS USD 11231716.95000000 1.404780335708 Long EC CORP US N 1 N N N Vulcan Materials Co 549300Q8LSNHAVWBNI21 929160109 80300.00000000 NS USD 10883862.00000000 1.361273203573 Long EC CORP US N 1 N N N Douglas Emmett Inc N/A 25960P109 114700.00000000 NS USD 2878970.00000000 0.360080338660 Long EC US N 1 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 000000000 198865.00000000 NS 12071623.93000000 1.509829707463 Long EC CORP ES N 2 N N N Rexford Industrial Realty Inc 549300MSLO0DF0EMX355 76169C100 340759.00000000 NS USD 15593131.84000000 1.950273949962 Long EC US N 1 N N N GDS Holdings Ltd 391200MGV8DDCHTN2R77 36165L108 557450.00000000 NS USD 45616133.50000000 5.705329614084 Long EC CORP KY N 1 N N N Hyatt Hotels Corp T27JQIMTYSH41TCD5186 448579102 94100.00000000 NS USD 5022117.00000000 0.628129362290 Long EC CORP US N 1 N N N SeaWorld Entertainment Inc 529900G0H4NV3IIK3269 81282V100 229350.00000000 NS USD 4522782.00000000 0.565676222484 Long EC CORP US N 1 N N N 21Vianet Group Inc 529900672GYJQ3T38I58 90138A103 431289.00000000 NS USD 9988653.24000000 1.249307092960 Long EC CORP KY N 1 N N N CBRE Group Inc 52990016II9MJ2OSWA10 12504L109 273850.00000000 NS USD 12862734.50000000 1.608775984070 Long EC CORP US N 1 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 253868103 86978.00000000 NS USD 12764891.28000000 1.596538475588 Long EC US N 1 N N N 2020-10-29 BARON SELECT FUNDS Marta Nelson Marta Nelson Fund Manager XXXX