Baron Fifth Avenue Growth Fund’s Q1 2023 Investor Letter

Baron Funds, an investment management company, released its “Baron Fifth Avenue Growth Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. The fund was up 19.7% (Institutional Shares) in the first quarter compared to a 14.4% gain for the Russell 1000 Growth Index and a 7.5% gain for the S&P 500 Index. The firm has great conviction about the long-term prospects of its holding companies even though the near-term uncertainty is very high. In addition, please check the fund’s top five holdings to know its best picks in 2023.