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Stock impact report

Baron Asset Fund Q3 2025 Shareholder Letter [Seeking Alpha]

Loar Holdings Inc. (LOAR) 
Company Research Source: Seeking Alpha
Top contributors were IDEXX Laboratories, Amphenol Corporation, and Space Exploration Technologies. Top detractors were Gartner, StubHub Holdings, and Verisk Analytics. The Fund initiated new positions in Loar Holdings Inc. and Skyryse. Guido Mieth/DigitalVision via Getty Images Dear Baron Asset Fund Shareholder, U.S. equities were broadly higher in the third quarter, building on last quarter's gains. The primary driver behind the market strength was the increased likelihood that the Federal Reserve (the Fed) would cut interest rates. The Fed resumed its rate-cutting cycle at its September meeting, lowering its policy rate by 25 basis points. Generally, healthy corporate earnings, reduced trade tensions, resilient consumer spending, increased M&A and IPO activity, and continued optimism about AI also contributed to market strength. The returns of large-cap stocks were dominated by the Magnificent Seven complex for a second consecutive quarter, accounting for 62% of the S& Show less Read more
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