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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
- Warning! GuruFocus has detected 4 Warning Signs with XLRN. Click here to check it out.
- XLRN 30-Year Financial Data
- The intrinsic value of XLRN
- Peter Lynch Chart of XLRN