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      <regStreet1>767 FIFTH AVE</regStreet1>
      <regStreet2>49TH FL</regStreet2>
      <regCity>NEW YORK</regCity>
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      <regZipOrPostalCode>10153</regZipOrPostalCode>
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      <repPdEnd>2022-09-30</repPdEnd>
      <repPdDate>2022-09-30</repPdDate>
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      <totLiabs>36332658.96</totLiabs>
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        <name>Trex Co Inc</name>
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        <name>Primerica Inc</name>
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        <name>Arch Capital Group Ltd</name>
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        <name>Carlyle Group Inc/The</name>
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        <name>Altair Engineering Inc</name>
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      <invstOrSec>
        <name>Gartner Inc</name>
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      <invstOrSec>
        <name>FARMERS BUSINESS NETWORK , INC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Marriott Vacations Worldwide Corp</name>
        <lei>549300WA6BT5H4F7IO94</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Guidewire Software Inc</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Douglas Emmett Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CoStar Group Inc</name>
        <lei>N/A</lei>
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          <isin value="US22160N1090"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Essent Group Ltd</name>
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        <title>Essent Group Ltd</title>
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          <isin value="BMG3198U1027"/>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SS&amp;C Technologies Holdings Inc</name>
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        <title>SS&amp;C Technologies Holdings Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bright Horizons Family Solutions Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FARMERS BUSINESS NETWORK</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Littelfuse Inc</name>
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        <name>FactSet Research Systems Inc</name>
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        <name>BrightView Holdings Inc</name>
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        <name>Bio-Techne Corp</name>
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        <name>Boyd Gaming Corp</name>
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        <name>Figs Inc</name>
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        <name>Kinsale Capital Group Inc</name>
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        <name>Choice Hotels International Inc</name>
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        <name>Moelis &amp; Co</name>
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        <name>ANSYS Inc</name>
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        <name>NORTHVOLT AB</name>
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        <name>Mettler-Toledo International Inc</name>
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        <name>West Pharmaceutical Services Inc</name>
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        <name>Morningstar Inc</name>
        <lei>529900YGNQPOVAXQ7F29</lei>
        <title>Morningstar Inc</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IDEXX Laboratories Inc</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
        <title>IDEXX Laboratories Inc</title>
        <cusip>45168D104</cusip>
        <identifiers>
          <isin value="US45168D1046"/>
        </identifiers>
        <balance>567500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184891500.00000000</valUSD>
        <pctVal>2.954322812821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-10-26</ncom:dateSigned>
      <ncom:nameOfApplicant>BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)</ncom:nameOfApplicant>
      <ncom:signature>Peggy Wong</ncom:signature>
      <ncom:signerName>Peggy Wong</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
