Baron Durable Advantage Fund Q4 2024 Shareholder Letter
Source: SeekingAlpha
2025-02-04 11:20:00 ET
Summary
- Baron Durable Advantage Fund advanced during the fourth quarter of 2024, outpacing its benchmark, the S&P 500 Index.
- Broadcom Inc., Amazon.com, Inc., and Apollo Global Management, Inc. contributed the most to performance.
- Monolithic Power Systems, Inc., Thermo Fisher Scientific Inc., and Danaher Corporation were the top detractors.
- We purchased shares of senior housing REIT Welltower Inc. during the quarter.
Dear Baron Durable Advantage Fund Shareholder:
We had another good quarter to finish out a solid 2024.
Baron Durable Advantage Fund® (the Fund) gained 3.1% (Institutional Shares) in the fourth quarter, compared to the 2.4% gain for the S&P 500 Index (the Index). For calendar year 2024, the Fund gained 27.1%, which compared favorably to the 25.0% gain for the Index.
Table I. - Performance - Annualized for periods ended December 31, 2024
| Baron Durable Advantage Fund Retail Shares1,2 | Baron Durable Advantage Fund Institutional Shares1,2 | S&P 500 Index 1 | |
|---|---|---|---|
| Three Months 3 | 3.11% | 3.14% | 2.41% |
| One Year | 26.87% | 27.14% | 25.02% |
| Three Years | 11.36% | 11.63% | 8.94% |
| Five Years | 16.93% | 17.21% | 14.53% |
| Since Inception(December 29, 2017) | 16.12% | 16.40% | 13.83% |
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For further details see:
Baron Durable Advantage Fund Q4 2024 Shareholder Letter
Baron Capital Enterprise Inc
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