Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
The Baron Growth Fund underperformed in 2025 due to a massive headwind against high-quality compounders and unwarranted AI-disruption fears. The manager remains highly constructive, citing the premium buyout of Clearwater Analytics as proof that the market has fundamentally mispriced their core holdings.
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The Baron Growth Fund underperformed in 2025 due to a massive headwind against high-quality compounders and unwarranted AI-disruption fears. The manager remains highly constructive, citing the premium buyout of Clearwater Analytics as proof that the market has fundamentally mispriced their core holdings.
