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Baron Small Cap Fund Q2 2025 Shareholder Letter

Source: SeekingAlpha

2025-08-06 04:00:00 ET

Dear Baron Small Cap Fund Shareholder:

Baron Small Cap Fund® (the Fund) was up 10.38% (Institutional Shares) in the second quarter. Year to date, the Fund is up 0.36%. The Fund trailed the Russell 2000 Growth Index (the Index) this quarter (by 1.59%) but is modestly ahead for the year (by 0.84%). Small-cap stocks rebounded nicely in the quarter and performed roughly in line with the broader market, but are still meaningfully trailing larger caps this year....

Read the full article on Seeking Alpha

For further details see:

Baron Small Cap Fund Q2 2025 Shareholder Letter
Grid Dynamics Holdings Inc.

NASDAQ: GDYN

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67
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Software & IT Services
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San Ramon

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