Baron Discovery Fund Q4 2025: Winners, Laggards, Buys & Sells

Baron Capital452 FollowersFollow5ShareSavePlay(27min)CommentsSummaryIn the fourth quarter of 2025, the Baron Discovery Fund returned 0.19% (Institutional Shares), trailing the Russell 2000 Growth Index by 1.03%.In these periods, low quality (high debt and poor profitability) and short-term price momentum-oriented stocks outperformed.Exact Sciences Corporation received a buyout offer in the fourth quarter by Abbott Laboratories (ABT) for a price of $105 in cash.Casella Waste Systems, Inc. has over the last decade transformed itself into one of the fastest growing waste companies.JFrog Ltd. is widely recognized as the industry standard for binary management, serving a customer base of over 7,000 organizations. Sumedha Lakmal/iStock via Getty Images The following segment was excerpted from the Baron Discovery Fund Q4 2025 Shareholder Letter. In the fourth quarter of 2025, the Fund returned 0.19% (Institutional Shares), trailing the Russell 2000 Growth Index (the Index) by 1.03%. For the full yearThis article was written byBaron Capital452 FollowersFollowBaron is an asset management firm focused on delivering growth equity investment solutions. Founded in 1982, Baron has become known for its long-term, fundamental, active approach to growth investing. Baron was founded as an equity research firm, and research has remained at the core of its business. Note: This account is not managed or monitored by Baron Capital, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Baron Capital's official channels.