- Baron is an asset management firm focused on delivering growth equity investment solutions known for long-term, fundamental, active approach to growth investing.
- Baron Asset Fund increased 10.03% (Institutional Shares), while the Russell Midcap Growth Index increased 11.07%, and the S&P 500 Index gained 8.55%.
- During the past quarter, the Fund added to 3 positions. The Fund eliminated 3 positions and reduced its holdings in 17 others.
- We reduced our stakes in successful longtime holdings IDEXX Laboratories and Gartner to raise capital to allocate elsewhere in the Fund.
- This quarter we meaningfully added to our position in Avalara, aleading cloud-based provider of transactional tax automation software.Avalara operates in a large (roughly $15 billion) and relatively untappedmarket.
For further details see:
Baron Funds Q2 2021 Andrew Peck Letter