Baron Funds, an investment management company, released its “Baron Real Estate Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, stocks were sold due to economic growth slowdown, inflation, and policymaking issues, including Baron Real Estate Fund®, without considering value. The fund declined 6.69% (Institutional Shares) in the quarter compared to a 3.11% decline for the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index) and a 0.76% gain for the MSCI US REIT Index (the REIT Index). In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as Jones Lang LaSalle Incorporated (NYSE:JLL). Jones Lang LaSalle Incorporated (NYSE:JLL) is a commercial real estate and investment management company. The one-month return of Jones Lang LaSalle Incorporated (NYSE:JLL) was 11.80%, and its shares gained 13.73% of their value over the last 52 weeks. On May 14 2025, Jones Lang LaSalle Incorporated (NYSE:JLL) stock closed at $236.04 per share with a market capitalization of $11.206 billion.
Baron Real Estate Fund stated the following regarding Jones Lang LaSalle Incorporated (NYSE:JLL) in its Q1 2025 investor letter:
“Jones Lang LaSalle Incorporated (NYSE:JLL) is one of the leading commercial real estate services firms in the world with scale, product breadth, and leadership positions across its diversified real estate business segments.
Its P/E multiple of only 10.8 times 2026 estimated earnings compares favorably versus the high teens multiples that we believe are warranted based on historical trading multiples and the improvement in the company’s business mix.”
A real estate broker discussing options with a customer using digital maps and virtual reality.
Jones Lang LaSalle Incorporated (NYSE:JLL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held Jones Lang LaSalle Incorporated (NYSE:JLL) at the end of the fourth quarter compared to 31 in the third quarter. While we acknowledge the potential of Jones Lang LaSalle Incorporated (NYSE:JLL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
In another article, we covered Jones Lang LaSalle Incorporated (NYSE:JLL) and shared the list of best stocks to buy according to John W. Rogers of Ariel Investments. Vulcan Value Partners established a position Jones Lang LaSalle Incorporated (NYSE:JLL) during Q1 2025. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.
Disclosure: None. This article is originally published at Insider Monkey.
