Baron Discovery Fund Q2 2026 Portfolio Activity

Baron Capital 649 Followers Follow Summary We see a long runway for growth as Samsara expands in existing accounts and wins new logos. We believe Shake Shack is one of the most compelling growth stories in restaurants today, with a differentiated brand, improving unit economics, and an accelerating unit growth algorithm. We initiated a position in Rubrik, a subscription software company focused on automating backup, storage, and recovery of corporate data, as well as creating resilience to cyberattacks on that data. While we remain long-term believers in the brand, we exited our position in Birkenstock Holding plc in order to raise capital for new ideas that we felt had higher return potential. Alistair Berg/DigitalVision via Getty Images The following segment was excerpted from the Baron Discovery Fund Q2 2026 Commentary . Recent Activity Top net purchases for the quarter Year Acquired Quarter End Market Cap ($B) Net Amount Purchased ($M) Samsara This article was written by Baron Capital 649 Followers Follow Baron is an asset management firm focused on delivering growth equity investment solutions. Founded in 1982, Baron has become known for its long-term, fundamental, active approach to growth investing. Baron was founded as an equity research firm, and research has remained at the core of its business. Note: This account is not managed or monitored by Baron Capital, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Baron Capital's official channels.