Baron
Baron Global Opportunity Fund
Global Large-cap Opportunistic
Sep 2025 → Mar 2026
Our archive holds 3 letters from this strategy, behind 13 investment theses and positions in 11 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years — follow all of Baron for every strategy.
Its investment theses
- Nebius Group N.V.Mar 2026Nebius is a founder-led neocloud building a vertically integrated AI cloud platform, de-risked by large bare-metal GPU contracts and valuable equity stakes, with significant market share potential.
- Bajaj Finance LimitedMar 2026Bajaj Finance is a leading Indian NBFC leveraging proprietary data and AI with strong management and long-term growth prospects despite short-term macro headwinds.
- Shopify Inc.Mar 2026Shopify is a leading commerce platform with powerful network effects, strong growth metrics, and long-term compounding potential despite short-term multiple compression.
- Forgent Power Solutions, Inc.Mar 2026Forgent Power Solutions is a mission-critical electrical equipment maker benefiting from AI data center, grid, and reshoring tailwinds with strong margins and growth visibility.
- Amazon.com, Inc.Dec 2025Amazon.com, Inc. is positioned to benefit from AI via AWS’s full-stack and retail productivity, supporting faster growth, margin expansion, and attractive valuation.
- BillionToOne, Inc.Dec 2025BillionToOne, Inc. is a diagnostics innovator with QCT-powered prenatal and oncology tests gaining share, strong margins, and early profitability.
- Taiwan Semiconductor Manufacturing Company LimitedDec 2025Taiwan Semiconductor Manufacturing Company Limited is the dominant leading-edge foundry with robust AI-driven demand, pricing power, and durable growth.
- Netskope, Inc.Dec 2025Netskope, Inc. is a SASE security leader gaining share with accelerating ARR and improving margins after prior infrastructure and sales investments.
- Bajaj Finance LimitedDec 2025Bajaj Finance Limited is a trusted, high-ROE Indian lender with strong growth, improving efficiency from AI, and a long runway for market share gains.
- Figma, Inc.Sep 2025Figma, Inc. is a leading subscription-based software platform that enhances collaborative design for both designers and non-designers, driving significant market share and revenue growth while emphasizing the importance of design in software development.