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Stock impact report

Baron Small Cap Fund Q4 2025 Commentary [Seeking Alpha]

Legence Corp. - Class A Common stock (LGN) 
Company Research Source: Seeking Alpha
Within Industrials, Legence Corp. and RBC Bearings Incorporated were strong contributors, benefiting from robust data center activity and heightened aerospace and defense spending. Lack of exposure to biotechnology and pharmaceutical stocks, which were up 26% and 24% respectively, detracted nearly 300 basis points from relative performance. Vertiv Holdings Co shares rose during the quarter following robust financial results and the announcement of a $1 billion accretive acquisition. Baron Small Cap Fund management believes Andersen Group Inc. is a high-quality, needs-based service business that will continue to compound earnings at an attractive clip. AlexSecret/E+ via Getty Images Dear Baron Small Cap Fund Shareholder, Performance Baron Small Cap Fund® (the Fund) was down 1.56% in the fourth quarter. For calendar year 2025, the Fund was down 0.66%. The Fund trailed the Russell 2000 Growth Index (the Index) this quarter by 2.78%, as This article was written by Show less Read more
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