Baron WealthBuilder Fund Q4 2024 Shareholder Letter
Source: SeekingAlpha
2025-02-21 05:30:00 ET
Summary
- Baron WealthBuilder Fund, a compilation of Baron Funds, increased in the fourth quarter of 2024, outperforming its benchmark, the S&P 500 Index.
- The Fund’s two largest underlying holdings, Tesla, Inc. and Space Exploration Technologies Corp., each appreciated more than 50%.
- The largest underlying detractors were specialty insurer Arch Capital Group Ltd. and veterinary diagnostics platform IDEXX Laboratories, Inc.
Dear Baron WealthBuilder Fund Shareholder:
Baron WealthBuilder Fund® (the Fund) performed well in the final quarter of 2024, gaining 5.53% (Institutional Shares). This result was ahead of returns for its mega-cap dominated benchmark, the S&P 500 Index (the Index), and the globally-oriented MSCI ACWI Index (the Global Index), which returned 2.41% and -0.99%, respectively....
Read the full article on Seeking Alpha
For further details see:
Baron WealthBuilder Fund Q4 2024 Shareholder Letter
Arch Capital Group Ltd. Depositary Shares each Representing a 1/1000th Interest in a 4.550% Non-Cumulative Preferred Share Series G
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