Fair Isaac Corporation (FICO) Gained from Strong Results and Improved Guidance

Baron Fund, an investment management company, released its Q4 2025 letter for “Baron Asset Fund”. A copy of the letter can be downloaded here. Equities experienced a strong fourth quarter, capping off a volatile year. However, the Russell Midcap Growth Index (the Index) ended the quarter down 3.70%. In this environment, the Baron Asset Fund returned 7.89% (Institutional Shares), surpassing the Index by 11.59 percentage points. Favorable stock selection led to the outperformance of the Fund in the quarter. As of December 31, 2025, the Fund held a total of 53 positions, and the 10...