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Baron Health Care Fund’s Q2 2026 Investor Letter

Baron Capital, an investment management company, released its Q2 2026 investor letter for the “Baron Health Care Fund”. The Fund gained 11.99% (Institutional Shares) during the quarter, compared with the 10.48% gain for the Russell 3000 Health Care Index (the Benchmark) and the 15.44% gain for the Russell 3000 Index (the Index). Since inception, the Fund appreciated 10.61% on an annualized basis, compared with 10.02% for the Benchmark and 14.83% for the Index. Strong stock selection in pharmaceuticals, biotechnology, health care equipment, and life sciences tools and services supported...