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Baron Real Estate Fund’s Q3 2025 Investor Letter

Baron Funds, an investment management company, released its “Baron Real Estate Fund” third-quarter 2025 investor letter. The fund delivered strong results in the quarter. The fund appreciated 10.25% (Institutional Shares) compared to the MSCI US REIT Index’s (the REIT Index) 4.49% and the MSCI USA IMI Extended Real Estate Index’s 5.65%. In addition, please check the fund’s top five holdings to know its best picks in 2025.

 A copy of Baron Real Estate Fund’s Q3 2025 Investor Letter can be downloaded here.