Baron Small Cap Fund Q2 2026 Portfolio Activity

Baron Capital 658 Followers Follow Summary Baron Small Cap Fund (the Fund) was up 12.57% (Institutional Shares) in the second quarter, trailing the Russell 2000 Growth Index (the Index) by 13.14%, as the Index was up 25.71%. Shares increased during the quarter as Vertiv reported strong Q1 financial results (adjusted earnings per share increased 83% year-over-year) and increased fiscal year guidance fueled by organic sales growth of around 30%. Planet Fitness, Inc. , the leading high-value, low-cost gym operator, detracted from performance in the second quarter after the company lowered full-year guidance following weaker-than-expected member additions in the first quarter. In the second quarter, we added five new names to the portfolio and increased three existing positions. During the quarter, our largest sales were trims of some of our largest and best performing stocks (Vertiv Holdings Co, Legence Corp., The Cheesecake Factory Incorporated, and Cognex Corporation). Getty Images The following segment was excerpted from Baron Small Cap Fund Q2 2026 Shareholder Letter. Top contributors to performance for the quarter Contribution to Return (%) Vertiv Holdings Co ( VRT ) 2.66 Cognex Corporation ( CGNX ) 1.44 This article was written by Baron Capital 658 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.