BWM

Baron Wealth Management Portfolio holdings

AUM $282M

1-Year Return 17.97%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4

This Quarter Return

+9.91%

1 Year Return

+17.97%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$282M

AUM Growth

+$54.7M (+24%)

Cap. Flow

+$37.9M

Cap. Flow % of AUM

13.42%

Top 10 Holdings % Top 10 Hldgs %

57.53%

Holding

270

New

Increased

Reduced

Closed

Top Buys

1	MFSI MFS Active International ETF MFSI	$13M
2	Franklin International Core Dividend Tilt Index ETF DIVI	$11.7M
3	First Trust SMID Cap Rising Dividend Achievers ETF SDVY	$2.32M
4	NVIDIA NVDA	$1.03M
5	Red Rock Resorts RRR	$775K

Top Sells

1	iShares Core S&P Small-Cap ETF IJR	$1.66M
2	iShares MSCI USA Quality Factor ETF QUAL	$1.05M
3	ARDT Ardent Health, Inc. ARDT	$683K
4	Exxon Mobil XOM	$388K
5	Johnson & Johnson JNJ	$348K

Sector Composition

1	Technology	11.12%
2	Consumer Discretionary	7.98%
3	Financials	7.84%
4	Industrials	7.13%
5	Healthcare	3.73%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
201	201 Truist Financial TFC $60B	$226K	0.08%	5,256 +315	+6%	+$13.5K
202	202 Equity Residential EQR $25.5B	$224K	0.08%	3,316 -1,837	-36%	-$124K
203	203 Canadian Imperial Bank of Commerce CM $72.8B	$223K	0.08%	+3,143	New	+$223K
204	204 Murphy Oil MUR $3.56B	$223K	0.08%	+9,895	New	+$223K
205	205 Old Dominion Freight Line ODFL $31.7B	$222K	0.08%	1,368 -201	-13%	-$32.6K
206	206 Insight Enterprises NSIT $4.02B	$222K	0.08%	1,606 +16	+1%	+$2.21K
207	207 Signet Jewelers SIG $3.85B	$222K	0.08%	+2,788	New	+$222K
208	208 Tenaris TS $18.2B	$219K	0.08%	5,852 +384	+7%	+$14.4K
209	209 Qualcomm QCOM $172B	$218K	0.08%	+1,369	New	+$218K
210	210 Kennametal KMT $1.67B	$216K	0.08%	+9,425	New	+$216K
211	211 Illinois Tool Works ITW $77.6B	$216K	0.08%	874 -140	-14%	-$34.6K
212	212 iShares Core S&P 500 ETF IVV $664B	$215K	0.08%	+346	New	+$215K
213	213 PTC PTC $25.6B	$214K	0.08%	+1,243	New	+$214K
214	214 Reinsurance Group of America RGA $12.8B	$212K	0.08%	1,071 -73	-6%	-$14.5K
215	215 EOG Resources EOG $64.4B	$212K	0.08%	1,769 -93	-5%	-$11.1K
216	216 Graham Holdings Company GHC $4.93B	$210K	0.07%	222 -19	-8%	-$18K
217	217 ICL Group ICL $7.85B	$209K	0.07%	30,459 +6,808	+29%	+$46.7K
218	218 Dover DOV $24.4B	$209K	0.07%	1,140	–	–
219	219 MSCI MSCI $42.9B	$208K	0.07%	+361	New	+$208K
220	220 Celestica CLS $27.9B	$208K	0.07%	+1,332	New	+$208K
221	221 Thor Industries THO $5.94B	$208K	0.07%	+2,338	New	+$208K
222	222 Agnico Eagle Mines AEM $76.3B	$204K	0.07%	+1,715	New	+$204K
223	223 Vanguard Russell 2000 ETF VTWO $12.8B	$203K	0.07%	+2,326	New	+$203K
224	224 Entergy ETR $39.2B	$202K	0.07%	2,432 -10	-0.4%	-$831
225	225 Merck MRK $212B	$201K	0.07%	+2,536	New	+$201K