Baron Partners Fund (BPTRX)

Portfolio Management

RonBaron
Ron Baron

Fund Manager since 1992

View All Commentary by Ron

Fund Description

Baron Partners Fund invests in all-cap companies with significant growth opportunities.

   

   

Portfolio Commentary

Retail Performance

Review and Outlook (for quarter ended 3/31/2014)

The Review and Outlook for period ending March 31, 2014 is not yet available

Top Contributors/Detractors to Performance

Contributors (for quarter ended 3/31/2014)
  • ITC Holdings Corp. is the nation’s largest independent transmission company. Shares of ITC climbed in Q1 in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC’s long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. 

  • Shares of Helmerich &Payne, Inc., the leading land drilling contractor in the U.S, rose signficantly in Q1. Over the past three years, Helmerich’s market share has increased to 23% from 16%, while generating higher margins and returns than its main competitors. Share price benefited from growing optimism that U.S. horizontal drilling activity will increase, spurring customer demand for new rigs. Helmerich also signed its biggest international contract in a decade in Q1. Helmerich is a best-in-class operator and remains a core position.

Detractors (for quarter ended 3/31/2014)
  • This Fund does not have detractors to performance for period ending March 31, 2014

Quarterly Attribution Analysis (for quarter ended 3/31/2014)

The Quarterly Attribution Analysis for period ending March 31, 2014 is not yet available

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Invest In Baron Funds Today

The prospective performance of the companies discussed herein is based on our internal analysis and reflect our opinions only. We cannot promise future returns and our opinions are a reflection of our best judgement at the time of publication. Our views are not intended as recommendations or investment advice to any person and are subject to change at any time based on market and other conditions and Baron has no obligation to update them. Investing in the stock market is always risky. Current and future portfolio holdings in the Fund are subject to risk.

Source: FactSet PA.