Baron Funds, an investment management company, released its “Baron Fifth Avenue Growth Fund” fourth quarter 2024 investor letter. The fund experienced an excellent quarter to end another successful year. The fund increased 11.7% (Institutional Shares) in the fourth quarter compared to a 7.1% gain for the Russell 1000 Growth Index and a 2.4% increase for the S&P 500 Index. For the full year, the fund returned 37.8% compared to 33.4% and 25.0% 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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