Funds with concentrated positions in a single stock signal high conviction. This is exactly what Baron First Principles ETF (RONB) is communicating to investors with its over 30% allocation to SpaceX (as of August 4, 2026).
The aerospace sector has evolved from a speculative frontier into a foundational pillar of modern global infrastructure. At the forefront of this technological shift is SpaceX, which has redefined the economics of space travel.
Prior to the debut of SpaceX on the Nasdaq, one of the few ways to get exposure to this highly anticipated IPO was through Baron First Principles ETF (RONB) via publicly traded, transparent, liquid ETF shares. Just because it's now public doesn't mean the exposure stops.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 133,403 | $3.1M | $3.17M | $70,486.23 | 2.28% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 71,320 | $1.74M | $1.68M | -$56,344.8 | -3.24% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2 | $45.74 | $47.32 | $1.58 | 3.45% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 11,041 | $266,198.51 | $263,990.31 | -$2,208.2 | -0.83% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 600 | $14,466 | $14,196 | -$270 | -1.87% |
| NYSE Exchange | US Country |