ATLASBaron First Principles ETF (RONB): outlook, holdings and fees
Baron First Principles ETF (RONB) is an exchange-traded fund and is managed by Baron Capital Group, Inc.. The ten largest holdings are 77% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on RONB
| Last price | $24.65 (+2.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 52% |
| Likely 1-month range (50%) | $23.62 – $25.88 |
| Normal 1-day range (±1σ) | ±1.6% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
RONB fund facts
| Issuer | Baron Capital Group, Inc. |
|---|---|
| Theme | Other strategies |
| Assets under management | $353M |
| Number of holdings | 21 |
| Inception | Dec 12, 2025 |
| Exchange | NYSE |
The fund is a non-diversified fund that, under normal circumstances, invests primarily in equity securities (including depositary receipts) of U.S. growth companies of any market capitalization. It is non-diversified.
RONB top holdings
| Holding | Sector | Weight |
|---|---|---|
| Space Exploration Technologies Corp. Class A Common Stock SPCX | Industrials | 40.12% |
| Tesla Inc TSLA | Consumer Cyclical | 8.33% |
| Figs Inc FIGS | Consumer Cyclical | 4.71% |
| Shopify Inc SHOP | Technology | 4.38% |
| MSCI Inc MSCI | Financial Services | 4.07% |
| Hyatt Hotels Corporation H | Consumer Cyclical | 3.59% |
| Interactive Brokers Group Inc IBKR | Financial Services | 3.40% |
| Charles Schwab Corp SCHW | Financial Services | 3.29% |
| Spotify Technology SA SPOT | Communication Services | 2.80% |
| FactSet Research Systems Inc FDS | Financial Services | 2.60% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
RONB sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 42.8% |
| Consumer Cyclicals | 26.7% |
| Financial Services | 19.2% |
| Technology | 6.7% |
| Communication Services | 3.0% |
| Healthcare | 1.6% |
By region: North America 100.0%.
RONB returns and risk
| Year to date | -0.8% |
|---|---|
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
RONB: frequently asked questions
What does RONB invest in?
Baron First Principles ETF invests in a portfolio of securities. Its largest holdings are Space Exploration Technologies Corp. Class A Common Stock (40.1%), Tesla Inc (8.3%), Figs Inc (4.7%), Shopify Inc (4.4%), MSCI Inc (4.1%).
Will RONB go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 52%, with a likely range (50%) of $23.62 to $25.88 from $24.65 today. It is a probability, not a prediction.
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Educational information, not investment advice. Disclaimer