Baron Emerging Markets Fund

Fund Profile

Fund profile

Tickers

BEXFX, BEXIX, BEXUX

Fund manager

Baron Partners Fund

Total assets

$3.66 bn

Liabilities

$42.97 mm

Net assets

$3.62 bn

Number of holdings

114.00

114 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Taiwan Semiconductor Manufacturing Co Ltd	309.09 mm	9.51 mm shares	8.54	Common equity	Long	Taiwan
Tencent Holdings Ltd	144.68 mm	2.71 mm shares	4.00	Common equity	Long	Cayman Islands
HD Korea Shipbuilding & Offshore Engineering Co Ltd	108.45 mm	705.20 k shares	3.00	Common equity	Long	Korea, Republic of
Swiggy Ltd	92.81 mm	14.69 mm shares	2.56	Common equity	Long	India
BABA Alibaba Group Holding Limited	90.75 mm	1.07 mm shares	2.51	Common equity	Long	Cayman Islands
Trent Ltd	81.83 mm	986.30 k shares	2.26	Common equity	Long	India
YMM Full Truck Alliance Co. Ltd.	79.64 mm	7.36 mm shares	2.20	Common equity	Long	Cayman Islands
InPost SA	77.03 mm	4.51 mm shares	2.13	Common equity	Long	Luxembourg
Contemporary Amperex Technology Co Ltd	76.67 mm	2.10 mm shares	2.12	Common equity	Long	China
Meituan	73.01 mm	3.75 mm shares	2.02	Common equity	Long	Cayman Islands
Bharti Airtel Ltd	71.99 mm	3.89 mm shares	1.99	Common equity	Long	India
TSM Taiwan Semiconductor Manufacturing Company Limited	69.98 mm	354.34 k shares	1.93	Common equity	Long	Taiwan
Delta Electronics Inc	63.91 mm	4.88 mm shares	1.77	Common equity	Long	Taiwan
HD Hyundai Heavy Industries Co Ltd	61.93 mm	319.76 k shares	1.71	Common equity	Long	Korea, Republic of
Samsung Electronics Co Ltd	58.91 mm	1.65 mm shares	1.63	Common equity	Long	Korea, Republic of
Kaynes Technology India Ltd	56.87 mm	658.28 k shares	1.57	Common equity	Long	India
CPNG Coupang, Inc.	54.43 mm	2.48 mm shares	1.50	Common equity	Long	USA
Credicorp Ltd	54.39 mm	296.67 k shares	1.50	Common equity	Long	Bermuda
Reliance Industries Ltd	48.39 mm	3.42 mm shares	1.34	Common equity	Long	India
Bajaj Finance Ltd	46.04 mm	578.98 k shares	1.27	Common equity	Long	India
China Mengniu Dairy Co Ltd	45.53 mm	20.35 mm shares	1.26	Common equity	Long	Cayman Islands
Power Grid Corp of India Ltd	44.31 mm	12.31 mm shares	1.22	Common equity	Long	India
Kingdee International Software Group Co Ltd	44.02 mm	40.51 mm shares	1.22	Common equity	Long	Cayman Islands
JM Financial Ltd	43.62 mm	28.81 mm shares	1.20	Common equity	Long	India
Indus Towers Ltd	43.43 mm	10.91 mm shares	1.20	Common equity	Long	India
Nippon Life India Asset Management Ltd	42.11 mm	4.97 mm shares	1.16	Common equity	Long	India
Shenzhou International Group Holdings Ltd	41.62 mm	5.28 mm shares	1.15	Common equity	Long	Cayman Islands
BDO Unibank Inc	41.35 mm	16.71 mm shares	1.14	Common equity	Long	Philippines
Suzano SA	41.23 mm	4.10 mm shares	1.14	Common equity	Long	Brazil
Fuyao Glass Industry Group Co Ltd	41.06 mm	4.80 mm shares	1.13	Common equity	Long	China
NARI Technology Co Ltd	37.16 mm	10.75 mm shares	1.03	Common equity	Long	China
SBI Life Insurance Co Ltd	36.96 mm	2.28 mm shares	1.02	Common equity	Long	India
FIXED INC CLEARING CORP.REPO Fixed Income Clearing Corp.	36.68 mm	36.68 mm principal	1.01	Repurchase agreement	Long	USA
Techtronic Industries Co Ltd	36.63 mm	2.79 mm shares	1.01	Common equity	Long	Hong Kong
Zai Lab Ltd	36.48 mm	1.39 mm shares	1.01	Common equity	Long	Cayman Islands
InterGlobe Aviation Ltd	35.79 mm	674.20 k shares	0.99	Common equity	Long	India
Grupo Mexico SAB de CV	33.86 mm	7.11 mm shares	0.94	Common equity	Long	Mexico
Max Healthcare Institute Ltd	33.83 mm	2.57 mm shares	0.93	Common equity	Long	India
Godrej Consumer Products Ltd	33.57 mm	2.66 mm shares	0.93	Common equity	Long	India
JD JD.com, Inc.	31.35 mm	904.34 k shares	0.87	Common equity	Long	Cayman Islands
Mahindra & Mahindra Ltd	31.35 mm	895.65 k shares	0.87	Common equity	Long	India
Godrej Properties Ltd	30.14 mm	929.09 k shares	0.83	Common equity	Long	India
Localiza Rent a Car SA	29.56 mm	5.67 mm shares	0.82	Common equity	Long	Brazil
Korea Aerospace Industries Ltd	29.49 mm	793.58 k shares	0.81	Common equity	Long	Korea, Republic of
Tata Communications Ltd	29.37 mm	1.48 mm shares	0.81	Common equity	Long	India
SF Holding Co Ltd	29.25 mm	6.73 mm shares	0.81	Common equity	Long	China
Jiangsu Hengli Hydraulic Co Ltd	29.18 mm	4.04 mm shares	0.81	Common equity	Long	China
eMemory Technology Inc	28.80 mm	281.93 k shares	0.80	Common equity	Long	Taiwan
Dino Polska SA	28.78 mm	304.91 k shares	0.79	Common equity	Long	Poland
Jio Financial Services Ltd	28.07 mm	8.07 mm shares	0.78	Common equity	Long	India
Bank Rakyat Indonesia Persero Tbk PT	27.80 mm	110.11 mm shares	0.77	Common equity	Long	Indonesia
Tencent Holdings Ltd	27.54 mm	517.77 k shares	0.76	Common equity	Long	Cayman Islands
HDFC Bank Ltd	26.93 mm	1.30 mm shares	0.74	Common equity	Long	India
Talabat Holding PLC	26.53 mm	69.60 mm shares	0.73	Common equity	Long	United Arab Emirates
ISC Co Ltd	26.31 mm	547.80 k shares	0.73	Common equity	Long	Korea, Republic of
TME Tencent Music Entertainment Group	25.94 mm	2.29 mm shares	0.72	Common equity	Long	Cayman Islands
SK Hynix Inc	24.69 mm	215.42 k shares	0.68	Common equity	Long	Korea, Republic of
Nuvama Wealth Management Ltd	23.96 mm	296.59 k shares	0.66	Common equity	Long	India
NU Holdings Ltd/Cayman Islands	23.34 mm	2.25 mm shares	0.64	Common equity	Long	Cayman Islands
E Ink Holdings Inc	22.72 mm	2.73 mm shares	0.63	Common equity	Long	Taiwan
WEG SA	22.34 mm	2.62 mm shares	0.62	Common equity	Long	Brazil
Hanwha Systems Co Ltd	21.52 mm	1.41 mm shares	0.59	Common equity	Long	Korea, Republic of
GFI Gold Fields Limited	20.35 mm	1.54 mm shares	0.56	Common equity	Long	South Africa
Midea Group Co Ltd	19.75 mm	1.92 mm shares	0.55	Common equity	Long	China
Naspers Ltd	19.69 mm	88.90 k shares	0.54	Common equity	Long	South Africa
Afya Ltd	19.65 mm	1.24 mm shares	0.54	Common equity	Long	Cayman Islands
Midea Group Co Ltd	19.39 mm	2.01 mm shares	0.54	Common equity	Long	China
Samsung Biologics Co Ltd	19.31 mm	30.14 k shares	0.53	Common equity	Long	Korea, Republic of
Park Systems Corp	19.22 mm	135.28 k shares	0.53	Common equity	Long	Korea, Republic of
Kweichow Moutai Co Ltd	19.05 mm	91.22 k shares	0.53	Common equity	Long	China
Tata Consumer Products Ltd	18.45 mm	1.73 mm shares	0.51	Common equity	Long	India
Cummins India Ltd	18.34 mm	480.92 k shares	0.51	Common equity	Long	India
Bharti Airtel Ltd	18.01 mm	1.31 mm shares	0.50	Common equity	Long	India
PINE LABS PTE. LTD	17.64 mm	45.68 k shares	0.49	Preferred equity	Long	USA
BZ Kanzhun Limited	17.41 mm	1.26 mm shares	0.48	Common equity	Long	Cayman Islands
Chroma ATE Inc	16.90 mm	1.36 mm shares	0.47	Common equity	Long	Taiwan
Titan Co Ltd	16.89 mm	445.43 k shares	0.47	Common equity	Long	India
Ayala Land Inc	15.94 mm	35.41 mm shares	0.44	Common equity	Long	Philippines
XP Inc	15.81 mm	1.33 mm shares	0.44	Common equity	Long	Cayman Islands
KB Financial Group Inc	15.15 mm	268.98 k shares	0.42	Common equity	Long	Korea, Republic of
ASPEED Technology Inc	14.88 mm	147.00 k shares	0.41	Common equity	Long	Taiwan
Wal-Mart de Mexico SAB de CV	14.55 mm	5.53 mm shares	0.40	Common equity	Long	Mexico
MELI MercadoLibre, Inc.	14.14 mm	8.31 k shares	0.39	Common equity	Long	USA
Samsung SDI Co Ltd	12.87 mm	77.86 k shares	0.36	Common equity	Long	Korea, Republic of
SRF Ltd	12.71 mm	487.32 k shares	0.35	Common equity	Long	India
Aarti Industries Ltd	12.25 mm	2.56 mm shares	0.34	Common equity	Long	India
Banco BTG Pactual SA	12.00 mm	2.73 mm shares	0.33	Common equity	Long	Brazil
Codere Online Luxembourg, S.A. Forward Shares	11.56 mm	1.79 mm shares	0.32	Common equity	Long	USA
YUMC Yum China Holdings, Inc.	11.43 mm	239.04 k shares	0.32	Common equity	Long	USA
Galaxy Entertainment Group Ltd	10.75 mm	2.55 mm shares	0.30	Common equity	Long	Hong Kong
PINE LABS PTE. LTD	10.43 mm	27.03 k shares	0.29	Preferred equity	Long	USA
SGML Sigma Lithium Corporation	10.39 mm	926.29 k shares	0.29	Common equity	Long	Canada
Budweiser Brewing Co APAC Ltd	10.35 mm	10.83 mm shares	0.29	Common equity	Long	Cayman Islands
Cholamandalam Investment and Finance Co Ltd	9.88 mm	714.59 k shares	0.27	Common equity	Long	India
HPSP Co Ltd	8.89 mm	512.65 k shares	0.25	Common equity	Long	Korea, Republic of
Gold Fields Ltd	8.43 mm	644.58 k shares	0.23	Common equity	Long	South Africa
DCW Ltd	7.50 mm	7.03 mm shares	0.21	Common equity	Long	India
Inter & Co Inc	7.19 mm	1.72 mm shares	0.20	Common equity	Long	Cayman Islands
Shenzhen Mindray Bio-Medical Electronics Co Ltd	7.00 mm	200.52 k shares	0.19	Common equity	Long	China
PINE LABS PTE. LTD.	3.70 mm	9.57 k shares	0.10	Preferred equity	Long	USA
PINE LABS PTE. LTD	2.93 mm	7.60 k shares	0.08	Preferred equity	Long	USA
PINE LABS PTE. LTD	2.64 mm	6.83 k shares	0.07	Preferred equity	Long	USA
PINE LABS PTE. LTD	2.38 mm	6.17 k shares	0.07	Preferred equity	Long	USA
CODERE ONLINE LUXEMBOURG, S.A	2.31 mm	358.35 k shares	0.06	Common equity	Long	USA
Kingsoft Corp Ltd	2.25 mm	523.09 k shares	0.06	Common equity	Long	Cayman Islands
PINE LABS PTE. LTD	949.40 k	2.46 k shares	0.03	Preferred equity	Long	USA
PINE LABS PTE. LTD	745.93 k	1.93 k shares	0.02	Preferred equity	Long	USA
Shenzhen Mindray Bio-Medical Electronics Co Ltd	586.79 k	16.80 k shares	0.02	Common equity	Long	China
Midea Group Co Ltd	475.98 k	46.20 k shares	0.01	Common equity	Long	China
CODERE ONLINE LUXEMBOURG, S.A.	171.04 k	26.52 k shares	0.00	Common equity	Long	USA
THINK + LEARN PRIVATE LIMITED	73.54 k	15.33 k shares	0.00	Preferred equity	Long	India
Sberbank of Russia PJSC	9.16 k	17.95 mm shares	0.00	Common equity	Long	Russian Federation
Codere Online Luxembourg SA	7.96 k	13.26 k shares	0.00	Equity derivative	N/A	Luxembourg
REFUNDABLE DEPOSIT SHENZHEN	5.93 k	43.32 k shares	0.00	Short-term investment vehicle	Long	China