Baron Partners Fund’s Q1 2024 Investor Letter

Baron Funds, an investment management company, released its “Baron Partners Fund” first quarter 2024 investor letter. The first quarter of 2024 was disappointing for the fund. It declined 9.01% (institutional Shares) in the quarter trailing its primary benchmark, the Russell Midcap Growth Index (the Index), and the large-cap S&P 500 Index, which returned 9.50% and 10.56%, respectively. Over the last three years, the Fund has not advanced much. However, the Fund continues to have outstanding absolute and relative performance over the long run. Its annualized returns over the past 5, 10, and 15 years are 25.16%, 17.37%, and 20.45%, respectively, compared to the index’s annualized returns of 11.82%, 11.35%, and 15.64%, respectively. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Baron Partners Fund’s Q1 2024 investor letter can be downloaded here.