Baron Partners Fund Q4 2025 Contributors And Detractors

Baron Capital460 FollowersFollow5ShareSavePlay(8min)CommentsSummaryBaron Partners Fund increased 19.07% (Institutional Shares), exceeding its benchmark, the Russell Midcap Growth Index.SpaceX is generating significant value with the rapid expansion of its Starlink broadband service.Shares of global hotelier Hyatt Hotels Corporation increased during the quarter as the company delivered strong revenue per available room and unit growth despite concerns around a weakening macroeconomic environment.CoStar Group's stock has been weighed down by significant growth investment in CoStar’s residential product, where sales performance has remained modest.Shares of Spotify fell as richly valued stocks across a similar peer basket broadly underperformed. Andrii Yalanskyi/iStock via Getty Images The following segment was excerpted from the Baron Partners Fund Q4 2025 Shareholder Letter. Top Contributors to Performance Top contributors to performance for the quarter Year Acquired Market Cap When Acquired ($B) Quarter End This article was written byBaron Capital460 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.