BARON SELECT FDS

Ticker: BEXIX CUSIP: 06828M876 Class: EMGMKTS INSTL

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (1)

Oakworth Capital, Inc.
Value ($000) $7 (-1.3%) Shares 348 (+2.1%)

Decreased Positions (1)

Fulton Bank, N.A.
Value ($000) $895 (-4.4%) Shares 46,791 (-1.3%)

Exited Positions (1)

Financial Gravity Asset Management, Inc.
Value ($000) $141 Shares 7,120