Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The investment goal of Baron Fifth Avenue Growth Fund (the Fund) is capital appreciation through investments primarily in securities of large-sized growth companies.
Strategy. The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. large-sized growth companies. The Adviser defines large-sized companies as those, at the time of purchase, with market capitalizations no smaller than the top 85 th percentile by total market capitalization of the Russell 1000 Growth Index at June 30, or companies with market capitalizations above $10 billion, whichever is smaller. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. The Fund is a diversified fund that, under normal circumstances, invests primarily in equity securities of U.S. large-sized growth companies. The Adviser defines large-sized companies as those, at the time of purchase, with market capitalizations no smaller than the top 85 th percentile by total market capitalization of the Russell 1000 Growth Index at June 30, or companies with market capitalizations above $10 billion, whichever is smaller. The Adviser seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $90.59M | 13.53% |
| AMAZON.COM INC | — | $59.17M | 8.83% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $47.16M | 7.04% |
| ALPHABET INC CL A | — | $44.34M | 6.62% |
| SPACE EXPLORATION TECHNOLOGIES | — | $43.96M | 6.56% |
| META PLATFORMS INC CL A | — | $43.40M | 6.48% |
| SHOPIFY INC CL A | — | $31.62M | 4.72% |
| CLOUDFLARE INC-A | — | $28.19M | 4.21% |
| TESLA INC | — | $27.59M | 4.12% |
| SAMSARA INC-CL A | — | $24.62M | 3.68% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| BARON OPPORTUNITY FUND · BIOPX, BIOIX, BIOUX | 58% | 1.04% |
| Franklin Focused Growth ETF | 56% | 0.55% |
| Franklin Dynatech Fund · FKDNX, FDYNX, FDYZX, FDNRX, FDTRX | 50% | 0.44% |
Advisers
| Firm | Role |
|---|---|
| BAMCO, Inc. | Adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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