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Baron Technology ETF

BCTK

Market cap $192M

24.62 USD

-2.35

8.71%

At close Updated Nov 5, 4:00 PM EST

1 day

-8.71%

5 days

-10.96%

1 month

-23.78%

3 months

-17.44%

6 months

-12.04%

Year to date

-2.65%

1 year

-0.24%

5 years

-0.24%

10 years

-0.24%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 50%

Neutral 50%

Negative 0%

How BCTK ETF Invests Across the AI Value Chain

As leading technology companies expand their AI infrastructure investment plans, investors are looking beyond individual beneficiaries to strategies that provide exposure across the AI value chain. Baron Technology ETF (BCTK) takes an active approach by investing in technology-related growth companies across sectors, market capitalizations, and geographies.

How BCTK ETF Invests Across the AI Value Chain

AI Stocks ‘Unfairly Beaten Up' — The Biggest Opportunities Right Now

In this episode of ETF Spotlight, Baron Capital's Ashim Mehra breaks down the Baron Technology ETF ($BCTK) and why he's buying semiconductor stocks he says have been “unfairly beaten up,” including Micron ($MU), Nvidia ($NVDA), and SiTime ($SITM). He also covers AI stocks to buy now, Spotify ($SPOT) as an AI application play, Bloom Energy ($BE), neocloud risks, the Anthropic IPO, and how $BCTK stacks up against the Nasdaq 100.

AI Stocks ‘Unfairly Beaten Up' — The Biggest Opportunities Right Now

BCTK: Technology Dashboard For October

Software and IT services appear undervalued relative to 11-year averages, while other subsectors are notably overvalued. The Baron Technology ETF offers active exposure to global tech, with 38 holdings and a 0.75% expense ratio. Despite an impressive cash flow growth rate, BCTK's short track record and high fees are still unconvincing.

BCTK: Technology Dashboard For October

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

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