Baron Funds is Concerned About MarketAxess Holdings (MKTX)’s Declining Market Share

Baron Funds, an asset management company, released its “Baron Asset Fund” investor letter. You can download a copy of the same here. In the second quarter, the fund fell 21.09%. However, the firm believes that the fund is positioned to perform well in the current market concerns of recession and inflation. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the second quarter investor letter, Baron Funds discussed stocks like MarketAxess Holdings Inc. (NASDAQ:MKTX). Headquartered in New York, New York, MarketAxess Holdings Inc. (NASDAQ:MKTX) is a  financial technology company that operates as an electronic trading platform. On August 29, 2022, MarketAxess Holdings Inc. (NASDAQ:MKTX) stock closed at $242.48 per share. One-month return of MarketAxess Holdings Inc. (NASDAQ:MKTX) was -10.78% and its shares lost 49.05% of value over the last 52 weeks. MarketAxess Holdings Inc. (NASDAQ:MKTX) has a market capitalization of $9.127 billion.

Here is what Baron Funds specifically said about MarketAxess Holdings Inc. (NASDAQ:MKTX):

“We reduced our position in MarketAxess Holdings Inc. (MKTX), an electronic trading platform for fixed income instruments, on concerns about modest declines in the company’s relative market share.”

MarketAxess Holdings Inc. (NASDAQ:MKTX) is not on the list of 30 Most Popular Stocks Among Hedge Funds. MarketAxess Holdings Inc. (NASDAQ:MKTX) was held by 41 hedge fund portfolios at the end of the second quarter compared to 39 in the previous quarter.

We discussed MarketAxess Holdings Inc. (NASDAQ:MKTX) in another article and shared Weitz Investment Management’s views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.