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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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