Baron Durable Advantage Fund’s Q4 2022 Investor Letter

Baron Funds, an investment management company, released its “Baron Durable Advantage Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund gained 4.7% (Institutional Shares) compared to a 7.6% gain for the S&P 500 Index. For the full year, the fund declined 24.8% compared to an 18.1% decline for the benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2022.