BlackRock (BLK) A Smart Long-Term Buy?
Baron Funds, an asset management firm, published its “Baron FinTech Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 1.29% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing the S&P 500 Index, which appreciated 6.17%, and modestly underperforming the FactSet Global FinTech Index which rose 2.77% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Baron FinTech Fund, in its Q1 2021 investor letter, mentioned BlackRock, Inc. (NYSE: BLK), and shared their insights on the company. BlackRock, Inc. is a New York, New York-based investment management company that currently has a $130.6 billion market capitalization. Since the beginning of the year, BLK delivered an 18.76% return, extending its 12-month gains to 66.79%. As of May 14, 2021, the stock closed at $856.87 per share.
Is Driven Brands Holdings (DRVN) A Smart Long-Term Buy?
Baron Funds, an asset management firm, published its “Baron Small Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.67% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing the S&P 500 Index, which appreciated 6.17%, and modestly underperforming the Russell 2000 Growth Index which rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Baron Small Cap Fund, in its Q1 2021 investor letter, mentioned Driven Brands Holdings Inc. (NASDAQ: DRVN), and shared their insights on the company. Driven Brands Holdings Inc. is a Charlotte, North Carolina-based automotive repair center that currently has a $4.7 billion market capitalization. Since the beginning of the year, DRVN delivered a 71.00% return, and as of May 14, 2021, the stock closed at $28.13 per share.
Baron FinTech Fund’s Q1 2021 Investor Letter
Baron Funds, an asset management firm, published its “Baron FinTech Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 1.29% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing the S&P 500 Index, which appreciated 6.17%, and modestly underperforming the FactSet Global FinTech Index which rose 2.77% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Published on May 17, 2021 at 11:53 am by Inan Dogan, PhD
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Here’s Why Baron FinTech Sold its Rocket Companies (RKT) Position
Baron Funds, an asset management firm, published its “Baron FinTech Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 1.29% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing the S&P 500 Index, which appreciated 6.17%, and modestly underperforming the FactSet Global FinTech Index which rose 2.77% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Baron FinTech Fund, in its Q1 2021 investor letter, mentioned Rocket Companies, Inc. (NYSE: RKT), and shared their insights on the company. Rocket Companies, Inc. is a Detroit, Michigan-based holding company that currently has a $34.4 billion market capitalization. Since the beginning of the year, RKT delivered a -14.24% return, while its 3-month returns are down by -16.15%. As of May 14, 2021, the stock closed at $17.34 per share.