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8 Stocks Ron Baron Continues to Buy

Ron Baron (Trades, Portfolio), the CEO and portfolio manager of Baron Funds, bought shares of the following stocks in both the second and third quarters of fiscal 2019.


Acceleron Pharma

The guru increased the Acceleron Pharma Inc. (NASDAQ:XLRN) position by 66.88% in the second quarter and then added 45.41% in the third quarter. The stock has a weight of 0.05% in the portfolio.

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The biotechnology company has a market cap of $2.31 billion. Its revenue of $38 million has fallen 36% per annum over the last five years.

Baron is the largest guru shareholder of the company with 0.55% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.09% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.

Activision Blizzard

Baron boosted the Activision Blizzard Inc. (NASDAQ:ATVI) position by 100.6% in the second quarter and added another 33.58% in the third quarter. The stock has a weight of 0.05% in the portfolio.

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The video game publisher has a market cap of $41.24 billion. Its revenue of $6.88 billion has grown 17.20% over the last five years.

The company's largest guru shareholder is Steve Mandel (Trades, Portfolio)'s Lone Pine Capital with 1.46% of outstanding shares, followed PRIMECAP Management (Trades, Portfolio) with 1.09% and Philippe Laffont (Trades, Portfolio) with 0.79%.

Brookfield Infrastructure Partners

The investor increased the Brookfield Infrastructure Partners LP (NYSE:BIP) holding by 85.22% in the second quarter and boosted it 23.09% in the third quarter.

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The company, which operates quality, long-life assets that generate stable cash flow, has a market cap of $15.42 billion. Its revenue of $6.37 billion has risen 20.30% over the last five years.

D.R. Horton Inc.

In the second quarter, the guru boosted his D.R. Horton Inc. (NYSE:DHI) position by 827.18% and increased it another 38% in the third quarter. The stock has a weight of 0.11% in the portfolio.

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The American homebuilder has a market cap of $20.10 billion. Its revenue of $17.59 billion has grown at an average annual rate of 15.30% over the last five years.

The largest guru shareholder of the company is Mandel with 0.90% of outstanding shares, followed by Ken Heebner (Trades, Portfolio) with 0.39%, Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.37% and George Soros (Trades, Portfolio) with 0.37%.

Elastic NV

Baron boosted the Elastic NV (NYSE:ESTC) position by 690.39% in the second quarter and then raised it another 50.19% in the third quarter. The stock has a weight of 0.01% in the portfolio.

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The company, which operates in the software industry, has a market cap of $6.16 billion.

The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio) with 0.93% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.22% and Jones with 0.11%.

HDFC Bank

In the second quarter, the guru bolstered the HDFC Bank Ltd. (NYSE:HDB) position by 33.64% and increased it by 92.47% in the third quarter. The stock has a weight of 0.03% in the portfolio.

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The Indian non-government-owned bank has a market cap of $112.83 billion. Its revenue of $10.44 billion has risen 17.80% on average every year over the last five years.

The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 0.44% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 0.11% and Stanley Druckenmiller (Trades, Portfolio) with 0.05%.

IHS Markit

Baron boosted the IHS Markit Ltd. (NYSE:INFO) holding by 41.38% in the second quarter and then increased it by 47.95% in the third quarter.

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The company, which provides data and analytics to corporate and sovereign clients, has a market cap of $28.81 billion. Its revenue of $4.36 billion has grown at an average annual rate of 5% over the last five years.

The largest guru shareholder of the company is Pioneer Investments with 0.10% of outstanding shares, followed by Cohen with 0.04% and Joel Greenblatt (Trades, Portfolio) with 0.01%.

Kilroy Realty

In the second quarter, the guru boosted the Kilroy Realty Corp. (NYSE:KRC) position by 5,635.96% and then boosted it by 24.66% in the third quarter. The stock has a weight of 0.04% in the portfolio.

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The real estate investment trust has a market cap of $8.79 billion. Its revenue of $808 million has grown at an average annual rate of 5.10% over the last five years.

The largest guru shareholder of the company is Jones with 0.12% of outstanding shares, followed by Baron with 0.11% and Simons' firm with 0.08%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.