Here’s Why the Fund Initiated a Position in Spotify Technology S.A. (SPOT)
Baron Capital, an investment management company, released its third-quarter 2026 investor letter for its “Baron SMID Cap ETF”. The letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Fisher Asset Management Ken Fisher | 2,493,012 | $1,215,044,690 | -7% | 0.35% |
| 2. | Quantinno Capital Hoon Kim | 223,376 | $108,869,299 | +71% | 0.1% |
| 3. | 216,600 | $105,566,508 | +3572% | 0.1% | |
| 4. | Sculptor Capital Daniel S. Och | 138,000 | $67,258,440 | 0.64% | |
| 5. | 92,000 | $44,838,960 | +11% | 0.08% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $603.41 | 857 | $517,123.40 | 19,792 | 2026-11-11 | Filing | |
| $602.50 | 2,494 | $1,502,622.78 | 20,649 | 2026-11-11 | Filing | |
| $601.46 | 1,120 | $673,634.64 | 23,143 | 2026-11-11 | Filing | |
| $600.38 | 1,493 | $896,372.12 | 24,263 | 2026-11-11 | Filing | |
| $599.61 | 3,293 | $1,974,500.91 | 25,756 | 2026-11-11 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 10,868,860 | $5,297,264,597 | 0.08% | |
| 2. | 7,932,217 | $3,866,004,914 | 0.2% | |
| 3. | 7,544,450 | $3,677,014,042 | 3.47% | |
| 4. | 4,627,816 | $2,255,504,962 | 0.07% | |
| 5. | 2,790,689 | $1,377,651,532 | 2.33% |