Baron Growth Fund: “We Retain Long-Term Conviction on MSCI”

Baron Growth Fund recently published its third-quarter commentary – a copy of which can be downloaded here. During the third quarter of 2021, the Baron Growth Fund returned 3.63% (institutional shares). In comparison, the benchmark S&P 500 Index was up 0.58%, while the Russell 2000 Growth Index was down 5.65%. You should check out Baron Growth Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2022.

Baron Growth Fund, in its Q3 2021 investor letter, mentioned MSCI Inc. (NYSE: MSCI) and discussed its stance on the firm. MSCI Inc. is a New York, New York-based finance company with a $51.1 billion market capitalization. MSCI delivered a 38.84% return since the beginning of the year, while its 12-month returns are up by 46.70%. The stock closed at $619.94 per share on December 09, 2021.

Here is what Baron Growth Fund has to say about MSCI Inc.  in its Q3 2021 investor letter:

“MSCI, Inc., a leading provider of investment decision support tools, contributed to performance. The company reported strong second quarter earnings results and management continued to express optimism regarding the economic and market backdrop moving forward. MSCI also enhanced its private markets capabilities with the acquisition of Real Capital Analytics. We retain long-term conviction as the company owns strong, “all weather” franchises and remains positioned to benefit from numerous secular tailwinds in the investment community.”

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Based on our calculations, MSCI Inc. (NYSE: MSCI) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. MSCI was in 43 hedge fund portfolios at the end of the third quarter of 2021, compared to 37 funds in the previous quarter. MSCI Inc. (NYSE: MSCI) delivered a -5.04% return in the past 3 months.

During the second quarter of this year, we also shared another hedge fund’s views on MSCI in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.