The Estée Lauder Companies (EL) Stock Fell After the Company Cut Its Fiscal Year Outlook

Baron Funds, an investment management firm, released its “Baron Durable Advantage Fund” fourth quarter 2023 investor letter, a copy of which can be downloaded here. The fund advanced 13.9% (Institutional Shares) in the fourth quarter compared to an 11.7% return for the Fund’s benchmark, the S&P 500 Index. The fund gained 45.5% for the full year 2023, compared to the 26.3% gain for the Benchmark. In addition, you can check the top 5 holdings of the fund to know its best picks in...