Baron
Baron Global Opportunity Fund
Global Large-cap Opportunistic
Sep 2025 → Jun 2026
Our archive holds 5 letters from this strategy, behind 19 investment theses and positions in 29 companies. Every quote below is copied verbatim from the letter it came from.
5 letters in 2 years — follow all of Baron for every strategy.
What it bought and sold
we initiated five new positions: the leading search and AI company, Alphabet, one of the leading memory providers, Samsung Electronics, a fast-inferencing AI chip provider, Cerebras, a supplier of critical parts used in aerospace engines and industrial gas turbines, DPC Holdings, and an engine provider for power generation, INNIO.
We added to our position during the quarter, seeing evidence of the growing AI wave in China through significant bookings growth
we participated in the company’s IPO during the quarter.
We have sold four stub positions during the quarter: PDD, Wix, Viking Therapeutics, and Fiverr.
We also took advantage of stock price volatility and significant inflows into the Fund to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.
During the second quarter, we initiated five new positions: the leading search and AI company, Alphabet, one of the leading memory providers, Samsung Electronics, a fast-inferencing AI chip provider, Cerebras, a supplier of critical parts used in aerospace engines and industrial gas turbines, DPC Holdings, and an engine provider for power generation, Innio.
The market’s reaction as an attractive opportunity to increase our position, taking advantage of the pullback in the share price.
We have sold four stub positions during the quarter: PDD, Wix, Viking Therapeutics, and Fiverr.
We also took advantage of stock price volatility and significant inflows into the Strategy to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.
We have sold four stub positions during the quarter: PDD, Wix, Viking Therapeutics, and Fiverr.
We also initiated a new position in DPC Holdings Limited, a leading manufacturer of precision-cast superalloy components
During the second quarter, we initiated five new positions: the leading search and AI company, Alphabet, one of the leading memory providers, Samsung Electronics, a fast-inferencing AI chip provider, Cerebras, a supplier of critical parts used in aerospace engines and industrial gas turbines, DPC Holdings, and an engine provider for power generation, Innio.
We have sold four stub positions during the quarter: PDD, Wix, Viking Therapeutics, and Fiverr.
We have therefore exited the position during the quarter, redeploying capital toward opportunities with clearer growth trajectories.
During the second quarter, we initiated five new positions: the leading search and AI company, Alphabet, one of the leading memory providers, Samsung Electronics, a fast-inferencing AI chip provider, Cerebras, a supplier of critical parts used in aerospace engines and industrial gas turbines, DPC Holdings, and an engine provider for power generation, Innio.
We also took advantage of stock price volatility and significant inflows into the Strategy to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.
We also took advantage of stock price volatility and significant inflows into the Fund to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.
We also reduced two other small positions: Afya and InPost.
We also reduced two other small positions: Afya and InPost.
We also took advantage of stock price volatility and significant inflows into the Fund to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.
We also took advantage of stock price volatility and significant inflows into the Fund to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.
We also took advantage of stock price volatility and significant inflows into the Fund to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.
Also held
Its investment theses
- Space Exploration Technologies Corp.Jun 2026Space Exploration Technologies Corp. is viewed as a unique, vertically integrated platform benefiting from reusable rockets, Starlink, AI infrastructure, and multiple long-duration optionality layers.
- Samsung Electronics Co., Ltd.Jun 2026Samsung Electronics Co., Ltd. is a vertically integrated memory leader benefiting from AI-driven demand, constrained supply, and foundry optionality at an inexpensive valuation.
- DPC Holdings LimitedJun 2026DPC Holdings Limited supplies precision superalloy components for aircraft engines and gas turbines and benefits from qualification barriers, long-term agreements, and operating leverage.
- Cerebras Systems Inc.Jun 2026Cerebras Systems Inc. builds wafer-scale chips for fast AI inference and is positioned to benefit from the early agentic AI throughput market.
- CrowdStrike Holdings, Inc.Jun 2026CrowdStrike Holdings, Inc. is a cloud-native cybersecurity platform positioned to benefit from enterprise AI adoption and efficient cross-sell into its installed base.
- Alphabet Inc.Jun 2026Alphabet Inc. owns Google’s global products and benefits from one of the most attractive advertising and distribution business models in technology.
- 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.