Baron Opportunity Fund Q4 2025 Shareholder Letter

Baron Capital446 FollowersFollow5ShareSavePlay(31min)CommentsSummaryDuring the fourth quarter, Baron Opportunity Fund posted a return of 4.63% (Institutional Shares), outperforming the Russell 3000 Growth Index.For the full year 2025, the Fund appreciated 19.73%, beating the Benchmark, which rose 18.15%, and the S&P 500 Index, which gained 17.88%.The fourth quarter of 2025 provided a steady finish to an otherwise turbulent year, with moderate gains across most indices amid easing economic pressures and holiday-season stability.We manage the Fund with an unwavering focus on powerful secular growth trends that disrupt industries and drive sustained, high-impact, and profitable growth opportunities. Igor Suka/E+ via Getty Images Dear Baron Opportunity Fund Shareholder, During the fourth quarter, Baron Opportunity Fund® (the Fund) posted a return of 4.63% (Institutional Shares), outperforming the Russell 3000 Growth Index (the Benchmark), which gained 1.14%, and the S&P 500 Index, which advanced 2.66%. For the full yearThis article was written byBaron Capital446 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.