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META - Baron Durable Advantage Fund 4Q22 Quarterly Letter
Meta Platforms Inc
Summary
Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing.
Baron Durable Advantage Fund gained 4.7% (Institutional Shares) in the fourth quarter, compared to the 7.6% gain for the S&P 500 Index.
We offer several observations instead for the reasons behind our long-term optimism.