Baron Fifth Avenue Growth Fund’s Q1 2025 Investor Letter

Baron Funds, an investment management company, released its “Baron Fifth Avenue Growth Fund” first quarter 2025 investor letter. The fund declined 13.4% (Institutional Shares) in the first quarter compared to a 10.0% decline for the Russell 1000 Growth Index and a 4.3% decrease for the S&P 500 Index. The Fund focuses on investing in Big Ideas, which often trade and can be considered long-duration assets. As a result, the portfolio frequently experiences significant stock price fluctuations, particularly in the short term and during periods of extreme market volatility, while the intrinsic values of businesses remain much more stable. Nevertheless, it was a challenging first quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

A copy of Baron Fifth Avenue Growth Fund’s Q1 2025 investor letter can be downloaded here.