Baron Capital, an investment management company, released its second-quarter 2026 investor letter for its “Baron SMID Cap ETF”. You can download the letter here. Baron SMID Cap ETF® (BCSM) gained 15.62% (NAV) in the second quarter, underperforming the Russell 2500 Growth Index’s 24.02% return. The trend towards “AI winners” continued, focusing on companies related to chips, power equipment, and AI data center financing. MSCI’s Barra factor attribution indicates the fund’s...
Rising Commoditization Threatens Booz Allen Hamilton Holding Corporation’s (BAZ) Margins
