NPORT-P false 0000810902 XXXXXXXX S000000583 C000001636 C000077819 C000165211 BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) 811-05032 0000810902 549300QG0RSSKFZ1ZK02 767 FIFTH AVE 49TH FL NEW YORK 10153 212-583-2000 BARON GROWTH FUND S000000583 5493003RB1W6V2NH4T78 2023-09-30 2023-03-31 N 7506921487.53 2737935.39 7504183552.14 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 Penn Entertainment Inc N/A 707569109 4820000.00000000 NS USD 142961200.00000000 1.905086662748 Long EC CORP US N 1 N N N Neogen Corp 549300HJT9FC36N4UW43 640491106 1157434.00000000 NS USD 21435677.68000000 0.285649698345 Long EC CORP US N 1 N N N Krispy Kreme Inc N/A 50101L106 525477.00000000 NS USD 8171167.35000000 0.108888159427 Long EC CORP US N 1 N N N MSCI Inc 549300HTIN2PD78UB763 55354G100 1515000.00000000 NS USD 847930350.00000000 11.29943509654 Long EC CORP US N 1 N N N Trex Co Inc N/A 89531P105 1150000.00000000 NS USD 55970500.00000000 0.745857288952 Long EC CORP US N 1 N N N Primerica Inc 254900621R686KJR7022 74164M108 1500000.00000000 NS USD 258360000.00000000 3.442879537858 Long EC CORP US N 1 N N N Arch Capital Group Ltd 549300AYR4P8AFKDCE43 000000000 9060000.00000000 NS USD 614902200.00000000 8.194125259964 Long EC CORP BM N 1 N N N Cohen & Steers Inc 549300XXIA338A0X2K65 19247A100 1860000.00000000 NS USD 118965600.00000000 1.585323695421 Long EC CORP US N 1 N N N Red Rock Resorts Inc N/A 75700L108 1725000.00000000 NS USD 76883250.00000000 1.024538505299 Long EC CORP US N 1 N N N Marel HF 5299008YTLEN09WTHW26 000000000 1830612.00000000 NS 7464722.43000000 0.099474145030 Long EC CORP IS N 1 N N N Vail Resorts Inc 529900PSZHRNU9HKH870 91879Q109 2000000.00000000 NS USD 467360000.00000000 6.227992649070 Long EC CORP US N 1 N N N Carlyle Group Inc/The 529900NGGVF94UK6PG95 14316J108 1670000.00000000 NS USD 51870200.00000000 0.691217100962 Long EC CORP US N 1 N N N Iridium Communications Inc 549300U620NVQ4J1CT96 46269C102 7825000.00000000 NS USD 484602250.00000000 6.457761149269 Long EC CORP US N 1 N N N Gaming and Leisure Properties Inc 5493006GWRDBCZYWTM57 36467J108 5385000.00000000 NS USD 280343100.00000000 3.735824131328 Long EC US N 1 N N N Dechra Pharmaceuticals PLC 213800J4UVB5OWG8VX82 000000000 128372.00000000 NS 4202828.54000000 0.056006473066 Long EC CORP GB N 2 N N N Houlihan Lokey Inc 549300S3CNGTQ1QZVY46 441593100 450000.00000000 NS USD 39370500.00000000 0.524647348061 Long EC CORP US N 1 N N N Alexandria Real Estate Equities Inc MGCJBT4MKTQBVLNUIS88 015271109 750000.00000000 NS USD 94192500.00000000 1.255199840802 Long EC US N 1 N N N American Assets Trust Inc N/A 024013104 200000.00000000 NS USD 3718000.00000000 0.049545696399 Long EC US N 1 N N N Altair Engineering Inc 549300FJ89HZ6GU9S994 021369103 725000.00000000 NS USD 52279750.00000000 0.696674723329 Long EC CORP US N 1 N N N Gartner Inc PP55B5R38BFB8O8HH686 366651107 1510000.00000000 NS USD 491912700.00000000 6.555179475317 Long EC CORP US N 1 N N N FARMERS BUSINESS NETWORK , INC N/A 000000000 80440.00000000 NS USD 5132876.40000000 0.068400197894 Long EP CORP US Y 3 N N N Marriott Vacations Worldwide Corp 549300WA6BT5H4F7IO94 57164Y107 1250000.00000000 NS USD 168575000.00000000 2.246413601542 Long EC CORP US N 1 N N N Guidewire Software Inc 549300WXSG0J8IXZCK32 40171V100 935000.00000000 NS USD 76716750.00000000 1.022319742940 Long EC CORP US N 1 N N N Douglas Emmett Inc N/A 25960P109 4400000.00000000 NS USD 54252000.00000000 0.722956729710 Long EC US N 1 N N N CoStar Group Inc N/A 22160N109 5160000.00000000 NS USD 355266000.00000000 4.734239208457 Long EC CORP US N 1 N N N Essent Group Ltd 254900QUO860OUT6ZF83 000000000 520000.00000000 NS USD 20826000.00000000 0.277525194517 Long EC CORP BM N 1 N N N Bright Horizons Family Solutions Inc N/A 109194100 1100000.00000000 NS USD 84689000.00000000 1.128557149642 Long EC CORP US N 1 N N N FARMERS BUSINESS NETWORK N/A 000000000 341838.00000000 NS USD 11984840.28000000 0.159708783730 Long EP CORP US Y 3 N N N Littelfuse Inc 549300MY7HLQFYTPCX75 537008104 60000.00000000 NS USD 16085400.00000000 0.214352432722 Long EC CORP US N 1 N N N FactSet Research Systems Inc 549300ZSJE7NBK6K9P30 303075105 1200000.00000000 NS USD 498108000.00000000 6.637737423919 Long EC CORP US N 1 N N N Bio-Techne Corp 54930073RLKQ51TILZ35 09073M104 2940000.00000000 NS USD 218118600.00000000 2.906626663440 Long EC CORP US N 1 N N N Boyd Gaming Corp 254900787YGRYS2A1Z35 103304101 440000.00000000 NS USD 28212800.00000000 0.375960953033 Long EC CORP US N 1 N N N Fixed Income Clearing Corp 549300H47WTHXPU08X20 000000000 67502584.57000000 PA USD 67502584.57000000 0.899532695342 Long RA CORP US N 2 Repurchase N 4.35000000 2023-04-03 75617800.00000000 USD 68852639.64000000 USD UST N N N Clearwater Analytics Holdings Inc N/A 185123106 250000.00000000 NS USD 3990000.00000000 0.053170341214 Long EC CORP US N 1 N N N Figs Inc N/A 30260D103 4596205.00000000 NS USD 28450508.95000000 0.379128638742 Long EC CORP US N 1 N N N Kinsale Capital Group Inc 529900QTUQHNZ6HOA508 49714P108 1000000.00000000 NS USD 300150000.00000000 3.999768901100 Long EC CORP US N 1 N N N Choice Hotels International Inc 5493003CYRY5RFGTIR97 169905106 2965000.00000000 NS USD 347468350.00000000 4.630328503903 Long EC CORP US N 1 N N N Moelis & Co 549300891QNU7VTQUR83 60786M105 350000.00000000 NS USD 13454000.00000000 0.179286659321 Long EC CORP US N 1 N N N ANSYS Inc 549300VJV8H15Z5FJ571 03662Q105 1000000.00000000 NS USD 332800000.00000000 4.434859537851 Long EC CORP US N 1 N N N NORTHVOLT AB N/A 000000000 59407006.00000000 NS USD 16516573.44000000 0.220098206890 Long EC RF US Y 3 N N N Mettler-Toledo International Inc 5493000BD5GJNUDIUG10 592688105 70000.00000000 NS USD 107114700.00000000 1.427399786475 Long EC CORP US N 1 N N N West Pharmaceutical Services Inc 5493007NKRGM1RJQ1P16 955306105 480000.00000000 NS USD 166305600.00000000 2.216171803960 Long EC CORP US N 1 N N N Morningstar Inc 529900YGNQPOVAXQ7F29 617700109 925000.00000000 NS USD 187802750.00000000 2.502640676299 Long EC CORP US N 1 N N N IDEXX Laboratories Inc OGMTXK0LUU1HKV2P0J84 45168D104 530000.00000000 NS USD 265042400.00000000 3.531928532377 Long EC CORP US N 1 N N N 2023-04-20 BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) Peggy Wong Peggy Wong Chief Financial Officer and Treasurer