What Baron Capital Plans to Do in the ETF Space
Key takeaways
- For over 40 years, Baron Capital has been known for its mutual funds.
- (The company’s founder, Ron Baron, was an early investor in SpaceX, as well as in Tesla and xAI.
- In February, the company brought in Matt Camuso, a 13-year industry veteran who helped run ETFs at BNY Investments, as executive director and head of ETF solutions.
What Baron Capital Plans to Do in the ETF Space Elaine Misonzhnik Fri, May 15, 2026 at 11:42 PM GMT+7 13 min read SPAX.PVT TSLA You can find original article here Wealth Management. Subscribe to our free daily Wealth Management newsletters.
For over 40 years, Baron Capital has been known for its mutual funds. Last year, however, the New York City-based investment manager made its foray into the ETF space, launching six actively managed funds from December 2025 through April 2026, with a seventh launch planned for June of this year.
One of the funds, Baron First Principles ETF (RONB), even allocated a substantial amount of its AUM to SpaceX, circumventing the Securities and Exchange Commission’s usual 15% limit on illiquid securities in ETFs by classifying the company’s shares as “less liquid.” The move was partially enabled by the active secondary market for SpaceX shares. (The company’s founder, Ron Baron, was an early investor in SpaceX, as well as in Tesla and xAI. Baron Capital’s holdings in SpaceX have grown from $1.7 billion in 2017 to over $15 billion today.)