Baron Small Cap Fund’s Q4 2023 Investor Letter

Baron Funds, an investment management company, released its “Baron Small Cap Fund” fourth-quarter 2023 investor letter. Baron Small Cap Fund had a strong fourth quarter and a full year in 2023, both on absolute and relative bases. The fund was up 12.64% (Institutional Shares) in the fourth quarter and appreciated 27.19% for the year. This was essentially in line with the performance of the Russell 2000 Growth Index (the Benchmark) in the fourth quarter, which was up 12.75% and outperformed the 11.69% returns of the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2023.

A copy of Baron Small Cap Fund’s Q4 2023 investor letter can be downloaded here.