Baron Discovery Fund’s Q2 2025 Investor Letter

Baron Funds, an investment management company, released its “Baron Discovery Fund” second-quarter 2025 investor letter. In the second quarter, the fund was up 14.76% (Institutional Shares), outperforming the 11.97% return for the Russell 2000 Growth Index. The fund was up 7.68% year-to-date, well ahead of the Index’s -0.48% return.  In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Baron Discovery Fund’s Q2 2025 investor letter can be downloaded here.