Baron Funds, an investment management company, released its “Baron Fifth Avenue Growth Fund” second quarter 2024 investor letter. In the second quarter, the U.S. large cap was once again the place to be. The fund increased 5.7% (Institutional Shares) in the second quarter compared to an 8.3% gain for the Russell 1000 Growth Index and a 4.3% increase for the S&P 500 Index. Year to date, the fund returned 19.1% compared to 20.7% and 15.3% gains for the indexes. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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