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Baron Discovery Fund falls 10.65% in Q1 2026, lagging due to software sector weakness

Company Fundamentals
08 Jun 2026
Seeking Alpha
View Source
Bearish
pluang ai news

In Q1 2026, Baron Discovery Fund's Institutional Shares dropped 10.65%, underperforming the Russell 2000 Growth Index by 7.84%, mainly due to weak performance in the software sector. The fund sold its stake in Intapp, Inc., favoring other software holdings with stronger competitive advantages. Positive developments include Advanced Energy Industries gaining market appreciation and Forgent Power Solutions nearing completion of a major manufacturing investment. The fund remains optimistic about Enpro Inc.'s potential for steady revenue growth and margin expansion.

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Slate Medicines appoints Mark W. Hahn to board to boost migraine drug development.

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Goldman Sachs posts strong Q2 FY2026 with 38% earnings growth and $31B raised in private credit.

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Bitwise Bitcoin ETF offers low fees but struggles with market share and advisor adoption.

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