# Baron Financial Group, LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1832093. Source: https://holderbook.com/funds/1832093-baron-financial-group-llc/

- Reported value: $205.3M
- Positions: 57
- Weight of the ten largest: 56.8%
- Filed: 2026-10-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $25.4M | 33,328 | 12.4% | 25 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $19.6M | 70,503 | 9.5% | 25 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $16.0M | 21,665 | 7.8% | 17 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $13.8M | 280,745 | 6.7% | 25 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $9.0M | 84,361 | 4.4% | 17 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $7.7M | 74,156 | 3.8% | 25 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $7.2M | 71,101 | 3.5% | 25 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $6.2M | 93,542 | 3.0% | 25 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $6.0M | 15,824 | 2.9% | 25 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $5.7M | 121,620 | 2.8% | 12 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $5.7M | 63,212 | 2.8% | 25 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $5.5M | 49,089 | 2.7% | 17 |
| INVESCO EXCH TRADED FD TR II | [CGW](https://holderbook.com/stocks/CGW/) | $5.1M | 82,603 | 2.5% | 25 |
| AMPLIFY ETF TR | [DIVO](https://holderbook.com/stocks/DIVO/) | $5.0M | 108,040 | 2.4% | 12 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $4.9M | 99,135 | 2.4% | 25 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $4.3M | 40,725 | 2.1% | 25 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $4.1M | 13,010 | 2.0% | 25 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $4.0M | 29,120 | 1.9% | 25 |
| SPDR SERIES TRUST | [BWX](https://holderbook.com/stocks/BWX/) | $3.8M | 177,376 | 1.8% | 25 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.6M | 28,952 | 1.8% | 25 |
| NEW YORK LIFE INVESTMENTS ET | [QAI](https://holderbook.com/stocks/QAI/) | $3.6M | 99,257 | 1.7% | 25 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.2M | 11,384 | 1.6% | 12 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $3.1M | 60,992 | 1.5% | 17 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $3.1M | 37,601 | 1.5% | 25 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $2.8M | 27,600 | 1.4% | 25 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.7M | 10,806 | 1.3% | 25 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $2.6M | 3,885 | 1.2% | 25 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.1M | 5,711 | 1.0% | 25 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $2.0M | 17,213 | 1.0% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.9M | 5,737 | 0.9% | 25 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $1.8M | 33,631 | 0.9% | 25 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.8M | 24,422 | 0.9% | 25 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $1.1M | 6,645 | 0.5% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.0M | 7,809 | 0.5% | 4 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $977.9K | 1,395 | 0.5% | 4 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $951.6K | 24,127 | 0.5% | 4 |
| PACER FDS TR | [SRVR](https://holderbook.com/stocks/SRVR/) | $830.0K | 29,298 | 0.4% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $818.0K | 1,595 | 0.4% | 25 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $631.4K | 5,024 | 0.3% | 25 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $586.0K | 2,665 | 0.3% | 25 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $496.2K | 25,977 | 0.2% | 25 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $452.3K | 5,920 | 0.2% | 25 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $433.2K | 1,365 | 0.2% | 25 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $342.4K | 1,309 | 0.2% | 13 |
| FIRST TR EXCHANGE TRADED FD | [GRID](https://holderbook.com/stocks/GRID/) | $341.6K | 1,929 | 0.2% | 4 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $318.9K | 1,367 | 0.2% | 15 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $309.1K | 3,191 | 0.2% | 25 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $291.4K | 3,415 | 0.1% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $269.6K | 815 | 0.1% | 6 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $246.1K | 14,475 | 0.1% | 4 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $241.6K | 2,390 | 0.1% | 25 |
| AMPLIFY ETF TR | [BATT](https://holderbook.com/stocks/BATT/) | $235.2K | 16,450 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $219.5K | 2,436 | 0.1% | 2 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $216.8K | 840 | 0.1% | 1 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $214.2K | 1,465 | 0.1% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $213.8K | 1,503 | 0.1% | 2 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $211.4K | 1,255 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.5% | +14.8% | -3.3% | 100% |
| Q1 2026 | -0.3% | -4.6% | +4.3% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +7.3% | +10.5% | -3.2% | 100% |
| Q1 2025 | -1.2% | -4.6% | +3.4% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.2% | 100% |
| Q3 2024 | +6.4% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $205.3M | 57 |
| Q2 2026 | $209.6M | 56 |
| Q1 2026 | $185.4M | 53 |
| Q4 2025 | $186.5M | 57 |
| Q3 2025 | $182.5M | 50 |
| Q2 2025 | $170.4M | 49 |
| Q1 2025 | $159.0M | 47 |
| Q4 2024 | $161.3M | 50 |
| Q3 2024 | $163.5M | 47 |
| Q2 2024 | $157.3M | 47 |
| Q1 2024 | $162.1M | 50 |
| Q4 2023 | $156.8M | 51 |