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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 18, 2025 | Baron Durable Advantage Fund | 15.6% | 7.4% | APH, AVGO, GOOG, META, NVDA, TMO, TXRH, UNH | Competitive Advantage, Intrinsic Value, long-term, Pricing Power, Quality | The letter centers on owning high-quality, competitively advantaged businesses with durable growth characteristics. Management stresses focusing on what will not change over time, such as customer demand and pricing power, while ignoring short-term market noise. Volatility is viewed as a temporary disconnect between price and intrinsic value. | View | |
| 2025 Q3 | Oct 20, 2025 | Invesco Discovery Fund | 7.9% | 11.0% | AEIS, CLS, LSCC, PAR, PRIM, QTWO, STRL, TTMI, TXRH | Artificial Intelligence, Growth Investing, industrials, infrastructure, semiconductors | The fund focuses on industrial renewal and AI-driven innovation as key growth themes, with positions in semiconductor capital equipment and electronic manufacturing. Companies like Lattice Semiconductor and TTM Technologies are seen as beneficiaries of AI infrastructure spending. Managers remain constructive on U.S. growth and continue emphasizing premier small-cap compounders in technology and industrials. | View | |
| 2025 Q4 | Jan 27, 2026 | Artisan Global Discovery | 1.7% | 12.1% | ARGX, ASND.CO, BAB.L, BKR, BLD, CCC, COH, DUOL, FROG, FWONA, INSM, IRTC, LABS, LYV, MOD, MPWR, MTSI, PEN, PSTG, RBC, SAIL, SE, SPOT, TTAN, TXRH, TYL, VRCY, WESCO, WST, WWD | AI, Biotechnology, defense, global, growth, healthcare, SMID Cap, technology | AI-related capital spending remains an area of active debate entering 2026, with investors weighing strong industry momentum against concerns about circular financing dynamics and datacenter construction delays. The team continues to find compelling opportunities among companies positioned to benefit from AI investment strength and gain share of customers' AI spending based on superior technology that improves datacenter performance and efficiency. Healthcare returned as a source of market strength, with the team maintaining relatively high exposure despite several years of industry headwinds. Strong conviction in profit cycle opportunities for biotech companies, with several franchises delivering strong results as product launches gained momentum and investor sentiment toward the sector improved. Aerospace and defense holdings appear well positioned for multiyear growth, with companies capitalizing on rising global defense spending. Commercial aerospace suppliers are positioned to benefit from significant content gains in new planes and growth in recurring aftermarket sales for many years. Several portfolio companies benefit directly from AI-related capital spending, with strong demand from datacenter customers as capacity is added to support high-density computing environments. Companies are seeing increased activity within datacenter-related electrical and communications businesses. | MTSI IRTC IOT NEM GR TTAN SAIL BLD TXRH BAB LN SPOT SE FROG INSM COHR |
View |
| 2022 Q3 | Sep 30, 2022 | Baron Discovery Fund | 13.5% | 9.3% | AXON, CDNA, CWAN, DH, PING, RVNC, SFOR LN, SILK, SMAR, TXRH, WOOF | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 29, 2026 | Fund Letters | Jason L. White | Texas Roadhouse, Inc. | Consumer Discretionary | Restaurants | Bull | NASDAQ | Branding, consumer, Margins, Restaurants, Unit growth | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Pedro Goulart | Texas Roadhouse | Consumer Discretionary | Restaurants | Bull | NASDAQ | — | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||