Baron Health Care Fund’s Q1 2025 Investor Letter

Baron Funds, an investment management company, released its “Baron Health Care Fund” first quarter 2025 investor letter. The fund declined 2.54% (Institutional Shares) in the quarter compared to a 3.87% gain for the Russell 3000 Health Care Index (benchmark) and a 4.72% decline for the Russell 3000 Index (the Index). The fund trailed the benchmark due to stock selection and, to a lesser extent, active sub-industry weights. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Baron Health Care Fund’s Q1 2025 investor letter can be downloaded here.