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BCTK

Baron Technology ETF

BCTK

Market cap $236M

30.28 USD

+0.35

1.17%

At close Updated Sep 18, 4:00 PM EDT

1 day

1.17%

5 days

4.41%

1 month

-0.3%

3 months

-5.32%

6 months

22.64%

Year to date

19.73%

1 year

22.69%

5 years

22.69%

10 years

22.69%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 50%

Neutral 25%

Negative 25%

Baron Technology ETF Q2 2026 Portfolio Activity

As part of its record-breaking IPO, we acquired shares in Space Exploration Technologies Corp. We initiated a position in Advanced Micro Devices, Inc. during the second quarter. We trimmed our position in NVIDIA Corporation, which had grown to represent an outsized share of the Fund.

Baron Technology ETF Q2 2026 Portfolio Activity

Baron Technology ETF Q2 2026 Shareholder Letter

During the second quarter, Baron Technology ETF rose 38.95% (NAV), roughly in line with the MSCI ACWI Information Technology Index, which gained 39.09%. Communication Services was our top-contributing sector, driven by both our overweight positioning and favorable stock selection. In Health Care, relative outperformance was led primarily by stock selection, most notably from digital musculoskeletal and physical therapy platform trailblazer Hinge Health.

Baron Technology ETF Q2 2026 Shareholder Letter

Stay the Course in Tech During Earnings Season With BCTK

During earnings season, short-term market movements can test investor conviction, especially when large-cap technology companies report results that often drive sharp market movements. While these broad movements can increase uncertainty or fear of missing out, they rarely change the long-term fundamentals of a durable business.

Stay the Course in Tech During Earnings Season With BCTK

Baron Technology ETF: Technology Dashboard For July

Software appears undervalued by 34% versus historical averages, while other tech sub-sectors are greatly overvalued despite hardware's improved quality score. Baron Technology ETF is an actively managed, globally diversified technology ETF with a broad sector definition and high concentration in semiconductors. BCTK's high expense ratio, limited trading volumes, and short track record make it uncompelling for now.

Baron Technology ETF: Technology Dashboard For July

Zacks Investment Research

Space Meets AI: SpaceX's Cursor Deal Puts These ETFs in Focus

SpaceX's $60 billion acquisition of AI startup Cursor strengthens its AI ambitions, boosts shares and puts SpaceX-heavy ETFs in focus.

Space Meets AI: SpaceX's Cursor Deal Puts These ETFs in Focus

Baron Technology ETF Q1 2026 Portfolio Activity

During the first quarter, we initiated a position in Alphabet Inc., the parent company of Google and one of the world's most valuable technology franchises. We added to our position in Shopify Inc., the leading global operating system for commerce, after shares pulled back in a broader software sell-off. We exited our investment in Microsoft Corporation due to a combination of near-term execution shortfalls and longer-term structural concerns about its competitive positioning in AI.

Baron Technology ETF Q1 2026 Portfolio Activity

Baron Technology ETF Q1 2026 Shareholder Letter

Baron Technology ETF® declined roughly in line with its benchmark, the MSCI ACWI Information Technology Index. Top contributors were Lumentum Holdings Inc., Taiwan Semiconductor Manufacturing Company Limited, and Coherent Corp. Top detractors were Broadcom Inc., Amazon.com, Inc., and Tesla, Inc.

Baron Technology ETF Q1 2026 Shareholder Letter

The Great Wrapper Migration: Mutual Fund-to-ETF Conversions Cross 200

A tidal wave of conversions has siphoned an unprecedented amount of capital out of mutual funds and into the ETF wrapper. Last year's record 60 mutual-fund-to-ETF conversions in 2025 across 31 firms pushed total converted assets past $260 billion, and the past five years have now seen a grand total of 203 conversions.

The Great Wrapper Migration: Mutual Fund-to-ETF Conversions Cross 200

Baron Capital Adds Risk-Optimized Large-Cap ETF to Lineup

Baron Capital continues to grow its active ETF lineup with today's introduction of Baron Risk Optimized Large Cap ETF™ (BROL). The ETF builds upon the firm's commitment to long-term growth investing with a targeted focus on U.S. large-cap companies that exhibit durable competitive advantages, significant growth opportunities, exceptional management teams, and compelling valuations.

Baron Capital Adds Risk-Optimized Large-Cap ETF to Lineup

High Conviction for the Long-Term: Inside Baron Capital's Strategy

Though new to the ETF market, Baron Capital is not new to investment management. The firm entered the ETF space last year, bringing its “old school active” philosophy to investors.

High Conviction for the Long-Term: Inside Baron Capital's Strategy

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