Baron Capital, an investment management company, released its Q1 2026 investor letter for the “Baron Growth Fund”. The Fund declined 12.06% in the quarter compared to the Fund’s benchmark, the Russell 2000 Growth Index’s -2.81% return. The Russell 3000 Index, which measures the performance of the broad U.S. equity market, declined 3.96% for the quarter. Concerns about AI’s impact on the portfolio affected the Fund’s performance this quarter. Initial declines in the software and...





