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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Snowflake Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Taiwan Semiconductor Manufacturing Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
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        <name>ASML Holding NV</name>
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        <title>ASML Holding NV</title>
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          <isin value="USN070592100"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-11</ncom:dateSigned>
      <ncom:nameOfApplicant>BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)</ncom:nameOfApplicant>
      <ncom:signature>Christopher Snively</ncom:signature>
      <ncom:signerName>Christopher Snively</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
