Latest news with #BaronFunds
Yahoo
27-05-2025
- Business
- Yahoo
Kinsale Capital Group (KNSL) Reported Better-Than-Expected Growth in Q1
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as Kinsale Capital Group, Inc. (NYSE:KNSL). Founded in 2009, Kinsale Capital Group, Inc. (NYSE:KNSL) is a property and casualty insurance company. The one-month return of Kinsale Capital Group, Inc. (NYSE:KNSL) was 9.29%, and its shares gained 18.27% of their value over the last 52 weeks. On May 23, 2025, Kinsale Capital Group, Inc. (NYSE:KNSL) stock closed at $463.61 per share with a market capitalization of $10.807 billion. Baron Small Cap Fund stated the following regarding Kinsale Capital Group, Inc. (NYSE:KNSL) in its Q1 2025 investor letter: "Specialty insurer Kinsale Capital Group, Inc. (NYSE:KNSL) contributed to performance due to continued growth in the company's end market and the relative stability of insurance stocks in a risk-off market. The company reported better-than-expected earnings in the most recent quarter, despite slowing premium growth. Earnings per share grew 19% and return on equity remained elevated at 30% due to strong underwriting margins and higher investment income. Excess & Surplus insurance market conditions remain favorable with recent data indicating continued double-digit growth due to share gains from the Standard market. We believe Kinsale is well managed and has a long runway for growth in an attractive segment of the insurance market." A Professional insurance broker discussing coverage plans with a small business owner. Kinsale Capital Group, Inc. (NYSE:KNSL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Kinsale Capital Group, Inc. (NYSE:KNSL) at the end of the first quarter, which was 36 in the previous quarter. While we acknowledge the potential of Kinsale Capital Group, Inc. (NYSE:KNSL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Kinsale Capital Group, Inc. (NYSE:KNSL) and shared the list of stocks on Jim Cramer's radar. Madison Mid Cap Fund initiated a position in Kinsale Capital Group, Inc. (NYSE:KNSL) in Q1 2025. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
The Baldwin Insurance Group (BWIN) Grows Amid Positive Operating Trends and Stablility of Insurance Stocks
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as The Baldwin Insurance Group, Inc. (NASDAQ:BWIN). The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) is an independent insurance distribution firm that delivers insurance and risk management solutions. The one-month return of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was -10.02%, and its shares gained 12.83% of their value over the last 52 weeks. On May 23, 2025, The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) stock closed at $38.00 per share with a market capitalization of $2.684 billion. Baron Small Cap Fund stated the following regarding The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in its Q1 2025 investor letter: "Shares of insurance broker The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) rebounded from weakness in the prior quarter due to favorable operating trends and the relative stability of insurance stocks in a risk-off market. In the most recent quarter, the company reported strong results with 16% revenue growth, 38% EBITDA growth, and net leverage moderating to 4.1x. For 2025, management expects continued double-digit organic growth and margin expansion, despite higher costs related to the California wildfires and the replacement of an insurance carrier for its homeowner's insurance business. Management reaffirmed the goal of achieving $3 billion of revenue and 30% EBITDA margins within five years, implying a near-tripling of earnings. Even coming close to those aspirations would lead to great stock performance from current levels." A successful independent agent or broker discussing the benefits of life and health insurance with a customer. The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 9 hedge fund portfolios held The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) at the end of the first quarter, which was 14 in the previous quarter. While we acknowledge the potential of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) and shared Baron Small Cap Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
27-05-2025
- Business
- Yahoo
Here's Why Baron Small Cap Fund Exited Its Position in Ibotta (IBTA)
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as Ibotta, Inc. (NYSE:IBTA). Ibotta, Inc. (NYSE:IBTA) is a technology company that enables consumer packaged goods brands to deliver digital promotions to consumers through the Ibotta Performance Network (IPN). The one-month return of Ibotta, Inc. (NYSE:IBTA) was -4.23%, and its shares lost 51.73% of their value over the last three months. On May 23, 2025, Ibotta, Inc. (NYSE:IBTA) stock closed at $50.95 per share with a market capitalization of $1.29 billion. Baron Small Cap Fund stated the following regarding Ibotta, Inc. (NYSE:IBTA) in its Q1 2025 investor letter: "Ibotta, Inc. (NYSE:IBTA) has struggled as a public company with sales growth and earnings lower than expected. Their solution and brand engagement needs tweaking, which will take some time, so we decided to step to the sidelines during this transition." Copyright: rawpixel / 123RF Stock Photo Ibotta, Inc. (NYSE:IBTA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held Ibotta, Inc. (NYSE:IBTA) at the end of the first quarter, which was 15 in the previous quarter. In the first quarter of 2025, Ibotta, Inc. (NYSE:IBTA) reported revenue of $84.6 million, representing growth of 3% year-over-year. While we acknowledge the potential of Ibotta, Inc. (NYSE:IBTA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Ibotta, Inc. (NYSE:IBTA) and shared the list of worst performing software stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
27-05-2025
- Business
- Yahoo
Baron Small Cap Fund Sold SBA Communications Corp. (SBAC) on Price Appreciation
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as SBA Communications Corporation (NASDAQ:SBAC). SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications infrastructure. The one-month return of SBA Communications Corporation (NASDAQ:SBAC) was 2.79%, and its shares gained 22.03% of their value over the last 52 weeks. On May 23, 2025, SBA Communications Corporation (NASDAQ:SBAC) stock closed at $229.52 per share with a market capitalization of $24.661 billion. Baron Small Cap Fund stated the following regarding SBA Communications Corporation (NASDAQ:SBAC) in its Q1 2025 investor letter: "We sold the remnants of our SBA Communications Corporation (NASDAQ:SBAC) holding to fund growthier names after the stock moved higher as interest rates fell. We purchased this position in 2004, and it has been a great holding for the Fund, generating over $350 million in total profits (21.9% annualized return)." Aerial view of tall antenna towers and the landscape around them. SBA Communications Corporation (NASDAQ:SBAC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held SBA Communications Corporation (NASDAQ:SBAC) at the end of the first quarter, which was 44 in the previous quarter. While we acknowledge the potential of SBA Communications Corporation (NASDAQ:SBAC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered SBA Communications Corporation (NASDAQ:SBAC) and shared Andvari Associates' views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
26-05-2025
- Business
- Yahoo
What Makes RadNet (RDNT) an Investment Bet?
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as RadNet, Inc. (NASDAQ:RDNT). Headquartered in Los Angeles, California, RadNet, Inc. (NASDAQ:RDNT) provides outpatient diagnostic imaging services. The one-month return of RadNet, Inc. (NASDAQ:RDNT) was 12.63%, and its shares lost 3.30% of their value over the last 52 weeks. On May 23, 2025, RadNet, Inc. (NASDAQ:RDNT) stock closed at $56.61 per share with a market capitalization of $4.247 billion. Baron Small Cap Fund stated the following regarding RadNet, Inc. (NASDAQ:RDNT) in its Q1 2025 investor letter: "During the quarter, we bought shares of RadNet, Inc. (NASDAQ:RDNT), the largest owner and operator of fixed-site, freestanding diagnostic imaging centers in the U.S, with 399 locations. The company's imaging centers offer multi-modality imaging services, including magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), and other related procedures. The company develops leading positions in regional markets to leverage operational efficiencies and contracting benefits with health plans. Currently, the company has a strong regional presence in California, Maryland, New York, and New Jersey. A radiologist studying a monitor with a detailed image of a lung cancer tumor. RadNet, Inc. (NASDAQ:RDNT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held RadNet, Inc. (NASDAQ:RDNT) at the end of the fourth quarter which was 29 in the previous quarter. RadNet, Inc. (NASDAQ:RDNT) reported revenue of $471.4 million, an increase of 9.2% year-over-year. While we acknowledge the potential of RadNet, Inc. (NASDAQ:RDNT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered RadNet, Inc. (NASDAQ:RDNT) and shared Baron Health Care Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
