Baron Capital, an investment management company, released its third-quarter 2026 investor letter for its “Baron SMID Cap ETF”. The letter can be downloaded here. The Baron SMID Cap ETF showed a solid rebound in Q3, declining 2.87% (NAV) compared to a 10.35% drop in the Russell 2500 Growth Index. Year-to-date, the Fund is up 0.44%, lagging behind the Benchmark’s 7.28% gain, driven by style-related headwinds from Momentum and Beta factors. However, the moderation of momentum investing,...
The Fund Exited Natera (NTRA) on Valuation Concerns Despite Strong Fundamentals
