Baron
Baron Growth Fund
Mid-cap Growth
Dec 2024 → Mar 2026
Our archive holds 3 letters from this strategy, behind 5 investment theses and positions in 5 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 3 years — follow all of Baron for every strategy.
Its investment theses
- Guidewire Software, Inc.Mar 2026Guidewire is an insurance software platform with a critical system-of-record moat and significant AI-enabled growth potential.
- FIGS, Inc.Dec 2025FIGS, Inc. is a direct-to-consumer medical apparel brand with non-discretionary demand and multiple growth vectors across international, enterprise TEAMS, and retail supporting profitable expansion.
- Choice Hotels International, Inc.Dec 2025Choice Hotels International, Inc. is a global hotel franchisor shifting mix toward higher-RevPAR brands, generating strong cash flow and capital returns with balance sheet flexibility.
- CoStar Group, Inc.Dec 2025CoStar Group, Inc. is the leading real estate information and marketing platform with accelerating non-residential growth and underappreciated residential optionality implying valuation upside.
- IDEXX Laboratories, Inc.Dec 2025IDEXX Laboratories, Inc. is a veterinary diagnostics leader with strong execution, proprietary innovation, and secular pet-care tailwinds supporting durable growth.