Baron Discovery Fund’s Q4 2023 Investor Letter

Baron Funds, an investment management company, released its “Baron Discovery Fund” fourth quarter 2023 investor letter. In 2023, the fund (Institutional Shares) returned 22.58% outperforming the 18.66% return for the Russell 2000 Growth Index. In Q4, the fund returned 12.44% compared to a 12.75% return for the index. Since its inception, investors in the fund have earned an annualized return of 12.42%, resulting in a more than tripled investment. In addition, please check the fund’s top five holdings to know its best picks in 2023.

A copy of Baron Discovery Fund’s Q4 2023 investor letter can be downloaded here.