Baron Partners Fund’s Q4 2022 Investor Letter

Baron Funds, an investment management company, released its “Baron Partners Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. Through the first nine months of the year, the fund modestly outperformed the Russel Midcap Growth Index. The last quarter caused the fund’s absolute and relative annual performance to be meaningfully lower than its long-term average. The fund declined 19.94% in the fourth quarter compared to the Russell Midcap Growth Index’s 6.90% return. For the calendar year, the fund returned -42.41% compared to a -26.72% return for the Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.