Baron Capital Management: AUM & Ownership

Clients

Baron Capital Management serves 125 clients, 15 of them high-net-worth individuals. The average client has about $86 million with the firm, and high-net-worth clients hold 3% of its $10.8 billion in assets.

Regulatory assets by client type

High-net-worth individuals15 clients3%
Pooled investment vehicles7 clients66%
Pension and profit-sharing plans10 clients21%
Charitable organizations3 clients3%
Corporations and other businesses7 clients4%
OtherOther, State or municipal government entities3%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
High-net-worth individuals	15	$364,289,819	3.4%	$24.3M
Pooled investment vehicles	7	$7,102,949,984	65.8%	$1.01B
Pension and profit-sharing plans	10	$2,263,738,453	21.0%	$226.4M
Charitable organizations	3	$314,978,027	2.9%	$105.0M
State or municipal government entities	3	$63,063,797	0.6%	$21.0M
Corporations and other businesses	7	$460,429,100	4.3%	$65.8M
Other	80	$217,755,163	2.0%	$2.72M
Total	125	$10,787,204,343	100%	$86.3M

High-net-worth individuals

Clients: 15
Regulatory AUM: $364,289,819
Share: 3.4%
Avg. per client: $24.3M

Pooled investment vehicles

Clients: 7
Regulatory AUM: $7,102,949,984
Share: 65.8%
Avg. per client: $1.01B

Pension and profit-sharing plans

Clients: 10
Regulatory AUM: $2,263,738,453
Share: 21.0%
Avg. per client: $226.4M

Charitable organizations

Clients: 3
Regulatory AUM: $314,978,027
Share: 2.9%
Avg. per client: $105.0M

State or municipal government entities

Clients: 3
Regulatory AUM: $63,063,797
Share: 0.6%
Avg. per client: $21.0M

Corporations and other businesses

Clients: 7
Regulatory AUM: $460,429,100
Share: 4.3%
Avg. per client: $65.8M

Other

Clients: 80
Regulatory AUM: $217,755,163
Share: 2.0%
Avg. per client: $2.72M

Total

Clients: 125
Regulatory AUM: $10,787,204,343
Share: 100%
Avg. per client: $86.3M

What it does

Baron Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets.

Baron Capital Management provided financial planning to 0 clients last fiscal year and advises 7 private funds.

100.0% of assets ($10.79B across 125 accounts) are managed with discretion. $72.7M sits in a wrap fee program the firm both sponsors and manages. 6% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks100%
- Non-exchange-traded equities67%
- Exchange-traded equities33%

Custodians

Baron Capital Management’s client accounts are held mainly at Wells Fargo Clearing Services, with 37% of managed assets, and Jefferies, with 27%. Baron Capital Management does not have custody of client assets.

Managed account assets by custodian

State Street Global Advisors Funds DistributorsState Street Global Advisors Funds Distributors, LLC · Boston, MA · $1.76B16%
JefferiesJefferies LLC · New York, NY · $2.88B27%
Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · ST. Louis, MO · $3.94B37%
All other custodians$2.21B21%

Ownership and leadership

Baron Capital Group, Inc. owns 75% or more of Baron Capital Management.

Who owns the firm

Baron Capital Management, Inc.· the adviser

Baron Capital Group, Inc.
Control person · since November 1984
Owns 75% or more of Baron Capital Management, Inc.
- David Baron
  Control person · since July 2005
  Owns 25% to 50% of Baron Capital Group, Inc.
- Michael Baron
  Control person · since September 2004
  Owns 25% to 50% of Baron Capital Group, Inc.
Ronald Baron
Control person · since June 1982
Owns 10% to 25% of Baron Capital Management, Inc.

Leadership

David Baron
Co-President
Michael Baron
Co-President
Patrick Patalino
Senior Managing Director, Chief Operating Officer
Louis Beasley
Managing Director, Chief Compliance Officer
Ronald Baron
Founder & CEO
Richard Bronstein
Director
Clifford Greenberg
Senior Managing Director, & Co-CIO
Jane Liang
Senior Managing Director, Chief Finanacial Officer of Corporate
Anita Nagler
Director
Andrew Peck
Senior Managing Director, & Co-CIO
Susan Robbins
Senior Managing Director
Kristine Treglia
Managing Director, Chief Legal Officer

Staff

221 employees
41 in advisory functions
70 broker-dealer reps

Fees

Baron Capital Management is paid through a percentage of assets under management.

Baron Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Baron Capital Management has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

New York · 1 listed address

767 Fifth Avenue, 48th Floor, New YorkHQ

Registration details

Legal name: Baron Capital Management, Inc.
Headquarters: 767 Fifth Avenue, 48th Floor, New York, NY 10153-0023
Phone: 212-583-2000
Website: Not reported
SEC file: 801-18656
Structure: New York corporation
Fiscal year end: February

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Baron Capital Management have?

Baron Capital Management has 125 clients and manages $10.8 billion for them, as of May 2026. They include 80 other clients, 15 high-net-worth individuals and 10 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 May 2026

What services does Baron Capital Management offer?

Baron Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Baron Capital Management use?

Baron Capital Management’s separately managed account assets are held at Wells Fargo Clearing Services, LLC (ST. Louis, MO), with $3,941,668,275, Jefferies LLC (New York, NY), with $2,875,894,677 and State Street Global Advisors Funds Distributors, LLC (Boston, MA), with $1,758,005,457. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 May 2026

How many financial advisors does Baron Capital Management have?

Baron Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 221 employees, and 41 perform investment advisory functions. 70 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Baron Capital Management invest in?

At the end of its last fiscal year, Baron Capital Management’s separately managed accounts held 67% non-exchange-traded equities and 33% exchange-traded equities. It advises 7 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Baron Capital Management?

Baron Capital Management is owned through a holding company by David and Michael Baron. Its direct owners are Baron Capital Group, Inc. (75% or more) and Ronald Baron (10% to 25%).

Source: Form ADV Part 1A, Schedules A and B, filed 29 May 2026

How does Baron Capital Management get paid?

Baron Capital Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file