Baron Capital, an investment management company, released its Q1 2026 investor letter for the “Baron Growth Fund”. A copy of the letter is available to download here. The Fund declined 12.06% in the quarter compared to the Fund’s benchmark, the Russell 2000 Growth Index’s -2.81% return. The Russell 3000 Index, which measures the performance of the broad U.S. equity market, declined 3.96% for the quarter. Concerns about AI's impact on the portfolio affected the Fund's performance this quarter. Initial declines in the software and information services sectors extended to various...
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