---
ticker: "RONB"
name: "Baron ETF Trust - Baron First Principles ETF"
url: "https://etf.net/etf/RONB"
grade: "F"
score: 24
graded_at: "2026-10-12"
category: "US Active Growth"
category_rank: "81 of 90"
methodology: "https://etf.net/methodology"
---

# RONB: Baron ETF Trust - Baron First Principles ETF

Grade **F**, Score 24 of 100. Rank 81 of 90 in US Active Growth.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 5 | 85 of 90 |
| Mission | Not scored | — |
| Risk | 19 | 76 of 82 |
| Tradability | 68 | 18 of 90 |
| Holdings | 16 | 88 of 89 |
| Durability | 44 | 56 of 90 |

## Top holdings

The fund holds 22 positions. These are the largest 22, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SPCX | Space Exploration Techn Class A | 41.28% |
| 2 | TSLA | Tesla Inc | 8.72% |
| 3 | FIGS | Figs Inc Class A | 4.87% |
| 4 | SHOP.TO | Shopify Inc Class A | 4.41% |
| 5 | MSCI | Msci Inc | 4.20% |
| 6 | H | Hyatt Hotels Corp Class A | 3.56% |
| 7 | IBKR | Interactive Brokers Gro Class A | 3.45% |
| 8 | SCHW | Schwab (Charles) Corp | 3.18% |
| 9 | 639.DE | Spotify Technology SA | 2.89% |
| 10 | FDS | Factset Research Systems Inc | 2.59% |
| 11 | MORN | Morningstar Inc | 2.37% |
| 12 | RRR | Red Rock Resorts Inc Class A | 2.20% |
| 13 | CHH | Choice Hotels Intl Inc | 2.11% |
| 14 | ABNB | Airbnb Inc Class A | 2.07% |
| 15 | HEI.A | Heico Corp Class A | 1.91% |
| 16 | ONON | On Holding AG Class A | 1.87% |
| 17 | GWRE | Guidewire Software Inc | 1.86% |
| 18 | BIRK | Birkenstock Holding PLC | 1.70% |
| 19 | ACGL | Arch Capital Group Ltd | 1.63% |
| 20 | IDXX | Idexx Laboratories Inc | 1.57% |
| 21 | KNSL | Kinsale Capital Group Inc | 0.83% |
| 22 | — | Cash and Foreign Currency | 0.74% |

Source: etf.net, https://etf.net/etf/RONB. Please cite the page URL.