Baron Financial 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1St Comnwlth Finl Co	COM	319829107	9,904	738	SH		SOLE		0	0	738
3M Company	COM	88579Y101	27,823	215	SH		SOLE		0	0	215
Abbott Laboratories	COM	002824100	184,488	1,698	SH		SOLE		0	0	1,698
AbbVie Inc	COM	00287Y109	213,352	1,393	SH		SOLE		0	0	1,393
Accenture Plc Cl A	SHS CLASS A	G1151C101	19,158	69	SH		SOLE		0	0	69
Air Prod & Chemicals Inc	COM	009158106	24,048	100	SH		SOLE		0	0	100
Alphabet Inc Class A	CAP STK CL A	02079K305	28,330	13	SH		SOLE		0	0	13
Alphabet Inc Class C	CAP STK CL C	02079K107	28,437	13	SH		SOLE		0	0	13
Alps Alerian Mlp ETF	ALERIAN MLP	00162Q452	40,685	1,181	SH		SOLE		0	0	1,181
Altria Group, Inc.	COM	02209S103	29,239	700	SH		SOLE		0	0	700
Amazon Com Inc	COM	023135106	38,236	360	SH		SOLE		0	0	360
Ambev Sa ADR	SPONSORED ADR	02319V103	954	380	SH		SOLE		0	0	380
Amer Electric Pwr Co Inc	COM	025537101	19,188	200	SH		SOLE		0	0	200
American Express Stock	COM	025816109	99,945	721	SH		SOLE		0	0	721
American Intl Group Inc	COM NEW	026874784	106,146	2,076	SH		SOLE		0	0	2,076
Amgen Incorporated	COM	031162100	48,660	200	SH		SOLE		0	0	200
Apple Computer Inc	COM	037833100	1,252,588	9,162	SH		SOLE		0	0	9,162
Arcturus Therapeutics Holdings Inc	COM	03969T109	1,574	100	SH		SOLE		0	0	100
Ares Capital Corp	COM	04010L103	290,409	16,197	SH		SOLE		0	0	16,197
Asml Holding Nv New	N Y REGISTRY SHS	N07059210	14,276	30	SH		SOLE		0	0	30
Astrazeneca Plc ADR	SPONSORED ADR	046353108	92,498	1,400	SH		SOLE		0	0	1,400
AT&T Corp. Com.	COM	00206R102	4,045	193	SH		SOLE		0	0	193
ATLAS ORD	SHS	Y0436Q109	4,916	459	SH		SOLE		0	0	459
Auto Data Processing	COM	053015103	295,455	1,407	SH		SOLE		0	0	1,407
Avis Budget Group Inc	COM	053774105	1,471	10	SH		SOLE		0	0	10
Baidu Inc ADR	SPON ADR REP A	056752108	3,570	24	SH		SOLE		0	0	24
Bank Of America Corp	COM	060505104	64,372	2,068	SH		SOLE		0	0	2,068
Bank Of Ny Mellon Cp New	COM	064058100	8,676	208	SH		SOLE		0	0	208
Becton Dickinson & Co	COM	075887109	159,916	649	SH		SOLE		0	0	649
Blackstone Group LP	COM CL A	09260D107	241,760	2,650	SH		SOLE		0	0	2,650
Boeing Co	COM	097023105	64,258	470	SH		SOLE		0	0	470
Broadridge Financial Solutions Inc.	COM	11133T103	63,150	443	SH		SOLE		0	0	443
Carnival Corp New	UNIT 99/99/9999	143658300	9,515	1,100	SH		SOLE		0	0	1,100
Caterpillar Inc	COM	149123101	62,566	350	SH		SOLE		0	0	350
Centene Corp	COM	15135B101	8,969	106	SH		SOLE		0	0	106
Charter Communicatn	CL A	16119P108	3,280	7	SH		SOLE		0	0	7
Chevron Texaco Corp	COM	166764100	25,047	173	SH		SOLE		0	0	173
Cigna Corp	COM	125523100	527	2	SH		SOLE		0	0	2
Cisco Systems Inc	COM	17275R102	67,499	1,583	SH		SOLE		0	0	1,583
Cme Group Inc Cl A	COM	12572Q105	5,118	25	SH		SOLE		0	0	25
Coca Cola	COM	191216100	78,889	1,254	SH		SOLE		0	0	1,254
Colgate-Palmolive Co	COM	194162103	299,563	3,738	SH		SOLE		0	0	3,738
Comcast Corp New Cl A	CL A	20030N101	21,660	552	SH		SOLE		0	0	552
Communication Services Sel Sect SPDRETF	COMMUNICATION	81369Y852	34,679	639	SH		SOLE		0	0	639
Cormedix Inc	COM	21900C308	4,020	1,000	SH		SOLE		0	0	1,000
Corporate Office Properties Trust	SH BEN INT	22002T108	105	4	SH		SOLE		0	0	4
Corteva Inc com	COM	22052L104	3,303	61	SH		SOLE		0	0	61
CVS Caremark Corp	COM	126650100	17,956	194	SH		SOLE		0	0	194
Danaher Corp	COM	235851102	11,408	45	SH		SOLE		0	0	45
Deere & Co	COM	244199105	11,979	40	SH		SOLE		0	0	40
DISH Network Corp	CL A	25470M109	7,190	401	SH		SOLE		0	0	401
Disney Walt Hldg Co	COM DISNEY	254687106	72,899	772	SH		SOLE		0	0	772
Dow Chemical Company	COM	260557103	3,148	61	SH		SOLE		0	0	61
Eaton Corporation	SHS	G29183103	4,662	37	SH		SOLE		0	0	37
EchoStar Corp	CL A	278768106	2,027	105	SH		SOLE		0	0	105
ELANCO ANIMAL HEALTH INC	COM	28414H103	1,767	90	SH		SOLE		0	0	90
Emerson Electric Co	COM	291011104	3,182	40	SH		SOLE		0	0	40
Endo International PLC	SHS	G30401106	186	400	SH		SOLE		0	0	400
Eog Resources Inc	COM	26875P101	77,308	700	SH		SOLE		0	0	700
Epr Properties	COM SH BEN INT	26884U109	8,823	188	SH		SOLE		0	0	188
Exxon Mobil Corporation	COM	30231G102	647,010	7,555	SH		SOLE		0	0	7,555
Fedex Corporation	COM	31428X106	9,068	40	SH		SOLE		0	0	40
Fidelity MSCI Health Care ETF	MSCI HLTH CARE I	316092600	971	16	SH		SOLE		0	0	16
Fidelity MSCI Real Estate ETF	MSCI RL EST ETF	316092857	5,351	197	SH		SOLE		0	0	197
First Trust Dow Jones Internet ETF	DJ INTERNT IDX	33733E302	1,291,514	10,167	SH		SOLE		0	0	10,167
First Trust Global	GBL WND ENRG ETF	33736G106	120,626	7,005	SH		SOLE		0	0	7,005
Ford Motor Company	COM	345370860	723	65	SH		SOLE		0	0	65
Forgent Networks Inc	COM	04649U102	257	45	SH		SOLE		0	0	45
Fresenius Med Care ADR	SPONSORED ADR	358029106	23,942	960	SH		SOLE		0	0	960
G C P Applied Techno	COM	36164Y101	14,326	458	SH		SOLE		0	0	458
General Dynamics Corp	COM	369550108	14,735	67	SH		SOLE		0	0	67
General Electric	COM	369604301	9,874	155	SH		SOLE		0	0	155
General Motors Stock	COM	37045V100	3,970	125	SH		SOLE		0	0	125
Gilead Sciences Inc	COM	375558103	18,543	300	SH		SOLE		0	0	300
Goldman Sachs Group Inc	COM	38141G104	5,940	20	SH		SOLE		0	0	20
Guggenheim S&P 500 Equal Weight	S&P500 EQL WGT	46137V357	53,021	395	SH		SOLE		0	0	395
Guggenheim S&P Global	S&P GBL WATER	46138E263	4,223,977	95,695	SH		SOLE		0	0	95,695
Hawaiian Elec Industries	COM	419870100	24,540	600	SH		SOLE		0	0	600
Honeywell International	COM	438516106	77,345	445	SH		SOLE		0	0	445
Illinois Tool Works Inc	COM	452308109	7,290	40	SH		SOLE		0	0	40
Intel Corp	COM	458140100	25,430	680	SH		SOLE		0	0	680
International Business Machines	COM	459200101	474,285	3,359	SH		SOLE		0	0	3,359
Invesco Financial Preferred ETF	FINL PFD ETF	46137V621	35,850	2,307	SH		SOLE		0	0	2,307
IQ Hedge Multi Strat ETF	HEDGE MLTI ETF	45409B107	2,336,801	81,450	SH		SOLE		0	0	81,450
iShares Barclays Aggregate Bond	CORE US AGGBD ET	464287226	5,439,880	53,500	SH		SOLE		0	0	53,500
iShares Cohen & Steers Realty Majors	COHEN STEER REIT	464287564	50,561	832	SH		SOLE		0	0	832
Ishares Core Msci	CORE MSCI EMKT	46434G103	1,420,483	28,954	SH		SOLE		0	0	28,954
iShares Core MSCI Eafe	CORE MSCI EAFE	46432F842	251,643	4,276	SH		SOLE		0	0	4,276
iShares Edge MSCI Intl Quality Fctr ETF	MSCI INTL QUALTY	46434V456	2,703,901	87,420	SH		SOLE		0	0	87,420
iShares Edge MSCI Min Vol Emerging Mkts	MSCI EMERG MRKT	464286533	776	14	SH		SOLE		0	0	14
iShares Edge MSCI USA Momentum Fctr ETF	MSCI USA MMENTM	46432F396	7,183,972	52,680	SH		SOLE		0	0	52,680
iShares ESG MSCI EAFE ETF	ESG AW MSCI EAFE	46435G516	2,248,377	35,825	SH		SOLE		0	0	35,825
iShares ESG MSCI EM ETF	ESG AW MSCI EAFE	46434G863	1,635,855	50,630	SH		SOLE		0	0	50,630
iShares Gold Trust	ISHARES	464285204	89,961	2,622	SH		SOLE		0	0	2,622
iShares MSCI Eafe Index	MSCI EAFE ETF	464287465	5,093,754	81,513	SH		SOLE		0	0	81,513
iShares MSCI Emerging Markets Index	MSCI EMG MKT ETF	464287234	3,770,550	94,029	SH		SOLE		0	0	94,029
iShares MSCI ETF	MSCI EAFE MIN VL	46429B689	633	10	SH		SOLE		0	0	10
iShares MSCI KLD 400 Social ETF	MSCI KLD400 SOC	464288570	1,734,947	24,130	SH		SOLE		0	0	24,130
iShares Nasdaq	NASDAQ BIOTECH	464287556	18,350	156	SH		SOLE		0	0	156
iShares Nationl Amt Free	NATIONAL MUN ETF	464288414	4,262,367	40,075	SH		SOLE		0	0	40,075
iShares Russell 1000 Growth Index	RUS 1000 GRW ETF	464287614	2,721,065	12,442	SH		SOLE		0	0	12,442
iShares Russell 1000 Value Index	RUS 1000 VAL ETF	464287598	2,517,697	17,367	SH		SOLE		0	0	17,367
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	13,598,941	80,296	SH		SOLE		0	0	80,296
iShares S&P 500 Growth Index	S&P 500 GRWT ETF	464287309	90,618	1,502	SH		SOLE		0	0	1,502
iShares S&P 500 Index	CORE S&P500 ETF	464287200	59,147	156	SH		SOLE		0	0	156
iShares S&P Midcap 400 Index	CORE S&P MCP ETF	464287507	1,287,022	5,689	SH		SOLE		0	0	5,689
iShares S&P Midcap 400 Value Index	CORE S&P MCP ETF	464287705	2,266	24	SH		SOLE		0	0	24
iShares S&P Smallcap 600 Index	CORE S&P SCP ETF	464287804	3,424,715	37,060	SH		SOLE		0	0	37,060
iShares S&P Smallcap 600 Value Index	SP SMCP600VL ETF	464287879	712	8	SH		SOLE		0	0	8
iShares S&P Smll Cap 600	S&P SML 600 GWT	464287887	3,897	37	SH		SOLE		0	0	37
Ishares Short Term Ntnl	SHRT NAT MUN ETF	464288158	7,368,245	70,395	SH		SOLE		0	0	70,395
iShares Silver Trust	ISHARES	46428Q109	9,581	514	SH		SOLE		0	0	514
iShares Tr Barclays Bond	1 3 YR TREAS BD	464287457	10	0	SH		SOLE		0	0	0
iShares US Real Estate	U.S. REAL ES ETF	464287739	4,599	50	SH		SOLE		0	0	50
Johnson & Johnson	COM	478160104	315,414	1,777	SH		SOLE		0	0	1,777
JP Morgan	COM	46625H100	195,378	1,735	SH		SOLE		0	0	1,735
Kraft Heinz Company	COM	500754106	4,386	115	SH		SOLE		0	0	115
Lab Cp Of Amer Hldg New	COM NEW	50540R409	14,062	60	SH		SOLE		0	0	60
Lilly Eli & Company	COM	532457108	32,423	100	SH		SOLE		0	0	100
Lyft Inc	CL A COM	55087P104	598	45	SH		SOLE		0	0	45
Mc Donalds Corp.	COM	580135101	71,595	290	SH		SOLE		0	0	290
Melco Resorts & Entertainment	ADR	585464100	903	157	SH		SOLE		0	0	157
Merck & Co. Inc.	COM	58933Y105	192,369	2,110	SH		SOLE		0	0	2,110
Metlife Inc	COM	59156R108	2,449	39	SH		SOLE		0	0	39
MGM Resorts International	COM	552953101	1,592	55	SH		SOLE		0	0	55
Microsoft Corp	COM	594918104	561,624	2,187	SH		SOLE		0	0	2,187
Mondelez Intl Inc Cl A	CL A	609207105	52,218	841	SH		SOLE		0	0	841
Murphy Oil Corp Hldg	COM	626717102	45,768	1,516	SH		SOLE		0	0	1,516
Murphy Usa Inc	COM	626755102	52,629	226	SH		SOLE		0	0	226
Netflix Inc	COM	64110L106	14,514	83	SH		SOLE		0	0	83
Nextera Energy Inc.	COM	65339F101	47,387	612	SH		SOLE		0	0	612
Nfj Dividend Interest Fd	COM	92840R101	5,782	501	SH		SOLE		0	0	501
Nike Inc Class B	CL B	654106103	87,381	855	SH		SOLE		0	0	855
Nokia Corp Spon Adr	SPONSORED ADR	654902204	830	180	SH		SOLE		0	0	180
Norfolk Southern Corp	COM	655844108	11,365	50	SH		SOLE		0	0	50
Nuveen Insured Tx Free A	COM	670657105	45,731	3,892	SH		SOLE		0	0	3,892
OGE Energy Cp Hldg	COM	670837103	26,028	675	SH		SOLE		0	0	675
Oracle Corporation	COM	68389X105	35,392	507	SH		SOLE		0	0	507
Paccar Inc.	COM	693718108	18,938	230	SH		SOLE		0	0	230
Paypal Holdings Inco	COM	70450Y103	3,841	55	SH		SOLE		0	0	55
Pepsico Inc.	COM	713448108	55,861	335	SH		SOLE		0	0	335
Pfizer Incorporated	COM	717081103	369,181	7,041	SH		SOLE		0	0	7,041
PIMCO Broad Us Tips	BROAD US TIPS	72201R403	92,080	1,600	SH		SOLE		0	0	1,600
PNC Financial Services Group Inc	COM	693475857	8,293	327	SH		SOLE		0	0	327
Powershares Db Commodity Index Tracking	UNIT	46138B103	693	26	SH		SOLE		0	0	26
Powershares Exch Trad Fd Preferred	PFD ETF	46138E511	26,896	2,180	SH		SOLE		0	0	2,180
Powershares Ftse Rafi Us 1000	FTSE RAFI 1000	46137V613	23,119	156	SH		SOLE		0	0	156
Powershares S&P 500 Low	S&P500 LOW VOL	46138E354	31,000	500	SH		SOLE		0	0	500
Ppl Corporation	COM	69351T106	17,382	641	SH		SOLE		0	0	641
Proctor & Gamble	COM	742718109	179,881	1,251	SH		SOLE		0	0	1,251
Prudential Financial Inc	COM	744320102	14,352	150	SH		SOLE		0	0	150
Pub Svc Enterprise Group	COM	744573106	219,974	3,476	SH		SOLE		0	0	3,476
Real Estate Select Sctr	RL EST SEL SEC	81369Y860	33,669	824	SH		SOLE		0	0	824
Regeneron Pharmaceuticals Inc	COM	75886F107	11,823	20	SH		SOLE		0	0	20
Reinsurance Group of America Inc	COM	759351703	5,652	224	SH		SOLE		0	0	224
Rockwell Medical Inc	COM	774374300	233	181	SH		SOLE		0	0	181
Ross Stores Inc	COM	778296103	10,535	150	SH		SOLE		0	0	150
Sch Us Mid-Cap ETF	US MID-CAP ETF	808524508	12,546	200	SH		SOLE		0	0	200
Sch Us Reit ETF	US REIT ETF	808524847	6,791	322	SH		SOLE		0	0	322
Schw Emg Mkt Eq ETF	EMRG MKTEQ ETF	808524706	18,477	728	SH		SOLE		0	0	728
Schw Intl Scap ETF	INTL SCEQT ETF	808524888	4,685	150	SH		SOLE		0	0	150
Sealed Air Corp New	COM	81211K100	30,531	529	SH		SOLE		0	0	529
Sector SPDR Consumer Fd	SBI CONS DISCR	81369Y407	32,583	237	SH		SOLE		0	0	237
Sector SPDR Engy Select	ENERGY	81369Y506	787	11	SH		SOLE		0	0	11
Sector SPDR Health Fund	SBI HEALTHCARE	81369Y209	167,353	1,305	SH		SOLE		0	0	1,305
Sector SPDR Util Select	SBI INT-UTILS	81369Y886	41,026	585	SH		SOLE		0	0	585
SPDR Barclays ETF	BLMBRG BRC CNVRT	78464A359	5,307,284	82,207	SH		SOLE		0	0	82,207
SPDR Gold Trust	GOLD SHS	78463V107	4,777,526	28,360	SH		SOLE		0	0	28,360
SPDR S&P 500	TR UNIT	78462F103	13,751,517	36,452	SH		SOLE		0	0	36,452
SPDR S&P Midcap 400	UTSER1 S&PDCRP	78467Y107	2,235,862	5,407	SH		SOLE		0	0	5,407
SPDR Series Trust ETF	BLOMBERG INTL TR	78464A516	3,566,524	153,995	SH		SOLE		0	0	153,995
SPDR Blmbg Barclays 1-3 Mth T-Bill ETF	SPDR BLOOMBERG	78468R663	5,672	62	SH		SOLE		0	0	62
Starbucks Corp	COM	855244109	9,167	120	SH		SOLE		0	0	120
Sysco Corporation	COM	871829107	57,179	675	SH		SOLE		0	0	675
Teva Pharm Inds Ltd Adrf	SPONSORED ADS	881624209	7,716	1,026	SH		SOLE		0	0	1,026
Texas Instruments Inc	COM	882508104	32,826	214	SH		SOLE		0	0	214
The Charles Schwab Corp	COM	808513105	27,483	435	SH		SOLE		0	0	435
Tortoise North American Pipeline	TORTOISE NRAM PI	56167N720	1,770	73	SH		SOLE		0	0	73
Tucows Inc	COM NEW	898697206	3,338	75	SH		SOLE		0	0	75
Twitter Inc	COM	90184L102	11,217	300	SH		SOLE		0	0	300
UDR Inc	COM	902653104	18,416	400	SH		SOLE		0	0	400
Ugi Corporation New	COM	902681105	17,375	450	SH		SOLE		0	0	450
United Parcel Service B	CL B	911312106	96,746	530	SH		SOLE		0	0	530
Unitedhealth Group Inc	COM	91324P102	130,976	255	SH		SOLE		0	0	255
Vanguard Bond Index Fund	SHORT TRM BOND	921937827	9,517,429	123,941	SH		SOLE		0	0	123,941
Vanguard Consumer	CONSUM DIS ETF	92204A108	22,746	100	SH		SOLE		0	0	100
Vanguard Div Apprciation	DIV APP ETF	921908844	187,946	1,310	SH		SOLE		0	0	1,310
Vanguard Emerging Market	FTSE EMR MKT ETF	922042858	40,734	978	SH		SOLE		0	0	978
Vanguard Energy	ENERGY ETF	92204A306	12,434	125	SH		SOLE		0	0	125
Vanguard Ftse Developed	FTSE DEV MKT ETF	921943858	113,098	2,772	SH		SOLE		0	0	2,772
Vanguard Growth	GROWTH ETF	922908736	115,680	519	SH		SOLE		0	0	519
Vanguard Health Care	HEALTH CAR ETF	92204A504	3,626,465	15,399	SH		SOLE		0	0	15,399
Vanguard Information	INF TECH ETF	92204A702	244,259	748	SH		SOLE		0	0	748
Vanguard Mid Cap Value	MCAP VL IDXVIP	922908512	52,715	407	SH		SOLE		0	0	407
Vanguard Reit Index ETF	REAL ESTATE ETF	922908553	3,947,185	43,323	SH		SOLE		0	0	43,323
Vanguard Short Inflation	STRM INFPROIDX	922020805	17,403,318	347,233	SH		SOLE		0	0	347,233
Vanguard Small Cap	SMALL CP ETF	922908751	41,670	237	SH		SOLE		0	0	237
Vanguard Small Cap Grwth	SML CP GRW ETF	922908595	22,855	116	SH		SOLE		0	0	116
Vanguard Small Cap Value	SM CP VAL ETF	922908611	131,392	877	SH		SOLE		0	0	877
Vanguard Total International Stock ETF	VG TL INTL STK F	921909768	38,398	744	SH		SOLE		0	0	744
Vanguard Total Stock Mkt	TOTAL STK MKT	922908769	1,272,637	6,747	SH		SOLE		0	0	6,747
Vanguard Value	VALUE ETF	922908744	102,339	776	SH		SOLE		0	0	776
Verizon Communications	COM	92343V104	29,689	585	SH		SOLE		0	0	585
Walmart Common Stock	COM	931142103	93,009	765	SH		SOLE		0	0	765
Wells Fargo & Co	PERP PFD CNV A	949746804	36,465	30	SH		SOLE		0	0	30
Wisdomtree Total	US TOTAL DIVIDND	97717W109	83,970	1,450	SH		SOLE		0	0	1,450
Workhorse Group Inc Com	COM NEW	98138J206	1,170	450	SH		SOLE		0	0	450
Yum China Holdings I	COM	98850P109	11,446	236	SH		SOLE		0	0	236
Yum! Brands Inc	COM	988498101	29,779	262	SH		SOLE		0	0	262
Zimmer Biomet Hldgs	COM	98956P102	9,455	90	SH		SOLE		0	0	90