![]() While four of our holdings contributed to performance, the contribution to absolute returns was less than 100bps combined, as unfortunately none of them were large enough to move the needle. “At the company-specific level, there was a broad correction across the entire portfolio. Here is what Baron Fifth Avenue Growth Fund has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2022 investor letter: The stock closed at $139.90 per share on September 08, 2022. NVIDIA Corporation (NASDAQ:NVDA) delivered a -52.43% return since the beginning of the year, while its 12-month returns are down by -36.92%. Founded in 1993, NVIDIA Corporation (NASDAQ:NVDA) is a Santa Clara, California-based multinational technology company with a $348.6 billion market capitalization. In its Q2 2022 investor letter, Baron Fifth Avenue Growth Fund mentioned NVIDIA Corporation (NASDAQ: NVDA ) and explained its insights for the company. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022. Year-to-date, the Fund has declined by 24.4% compared to the 20.0% decline for the Index. Baron Durable Advantage Fund (the “Fund”) declined 15.7% (Institutional Shares) during the second quarter, roughly in line with the 16.1% decline for the S&P 500 Index (the “Index”), the Fund’s benchmark. ![]() Baron Funds, an asset management firm, published its “Baron Durable Advantage Fund” second quarter 2022 investor letter – a copy of which can be downloaded here.
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