Baron Durable Advantage Fund Q4 2025 Contributors And Detractors

Baron Capital472 FollowersFollow5ShareSavePlay(11min)CommentsSummaryAlphabet's shares rose 28.9% (and 65.5% for the year) on strength in the company’s core businesses, as well as accelerating growth in Google Cloud and Other Bets.Taiwan Semiconductor contributed to performance during the quarter with shares up 9.0% and up 55.5% in 2025, driven by robust demand for AI chips.Broadcom is strategically positioned at the intersection of high-performance AI compute and networking infrastructure while also demonstrating disciplined execution in software.Meta detracted from performance as shares declined 10.0% during the quarter, though still finished 2025 up 13.1%. Zolak/iStock via Getty Images The following segment was excerpted from the Baron Durable Advantage Fund Q4 2025 Shareholder Letter. Top contributors to performance for the quarter Quarter End Market Cap ($B) Contribution to Return (%) Alphabet Inc. 3,781.6 This article was written byBaron Capital472 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.