Michael Lippert

Portfolio manager Michael Lippert explains the investment approach for Baron Opportunity Fund® and shares his outlook for Amazon, NVIDIA, and other holdings in a Q&A with Barron’s.  Read the Article

Portfolio holdings as a percentage of net assets as of December 31, 2023, for securities mentioned are as follows: Amazon.com, Inc. - Baron Opportunity Fund^® (6.5%); NVIDIA Corporation – Baron Opportunity Fund^® (8.6%)

Portfolio manager Michael Lippert assesses the growth potential of artificial intelligence and explains how the Baron Opportunity Fund is capitalizing on the transformational impact of AI.

Michael Lippert, portfolio manager of the Baron Opportunity Fund, shares his thoughts about artificial intelligence and which companies he believes will benefit most from the transformative technology. 

Michael Lippert, Portfolio Manager of Baron Opportunity Fund, shares with CityWire why he envisions AI as the next major transformative force in the technology sector.

CEO Ron Baron’s September 14, 2021 Bloomberg Wealth interview with David Rubenstein is featured in David’s latest book, How to Invest: Masters on the Craft.  In the interview, Ron discusses his early days on Wall Street, the investment principles behind Baron Capital’s growth from $100,000 AUM to tens of billions of dollars, and what convinced him to invest in Tesla years before the mainstream realized the company’s potential.  Watch the full Bloomberg News video.

As of September 30, 2022, the following Baron Funds had holdings in Tesla, Inc.: Baron Partners Fund – 45.5%; Baron Focused Growth Fund – 22.3%; Baron Fifth Avenue Fund – 5.4%; Baron Opportunity Fund – 5.1%; Baron Technology Fund – 3.4%; Baron Global Advantage Fund – 3.3%.

Portfolio holdings are subject to change. Current and future portfolio holdings are subject to risk.

Citywire interviews CEO and Baron Partners Fund Portfolio Manager Ron Baron about his time-tested investment approach that led him to Tesla, Inc. in 2014, well before the mainstream. Read the August 2, 2022 article [subscription required to access].

As of June 30, 2022, the following Baron Funds had holdings in Tesla, Inc.: Baron Partners Fund – 46.3%; Baron Focused Growth Fund – 23.6%; Baron Fifth Avenue Fund – 5.0%; Baron Opportunity Fund – 5.0%; Baron Technology Fund – 3.1%.

Portfolio holdings are subject to change. Current and future portfolio holdings are subject to risk.

Kiplinger columnist Andrew Tanzer speaks with our executive team on our long-term, fundamental, active approach to growth investing. Read the full article on Kiplinger.

In a June 17, 2022, article on CNBC, Ron Baron said he thinks the current opportunity in growth stocks is as big as when he started Baron Capital 40 years ago. Read the full article. [subscription required to access].

These Funds were recognized for achieving strong risk-adjusted returns over three-year and five-year time periods ending December 31, 2021.

Refinitiv Lipper Fund Awards United States 2022 Winner, Baron Global Advantage Fund, Best Global Multi-Cap Growth Fund over Five Years

Refinitiv Lipper Fund Awards United States 2022 Winner, Baron Health Care Fund, Best Health/Biotechnology Fund over Three Years

Refinitiv Lipper Fund Awards United States 2022 Winner, Baron Partners Fund, Best Multi-Cap Growth Fund over Three Years

Refinitiv Lipper Fund Awards United States 2022 Winner, Baron Opportunity Fund, Best Multi-Cap Growth Fund over Five Years

Refinitiv Lipper Fund Awards United States 2022 Winner, Baron Real Estate Income Fund, Best Real Estate Fund over Three Years

Baron Capital’s “think different” approach can be a big plus in investing, says Michael Brush, a columnist for MarketWatch. Read the November 18, 2021 MarketWatch piece, which draws on examples across a number of our funds.

Mike Lippert, portfolio manager of Baron Opportunity Fund and Baron’s Head of Technology Research, joined CNBC’s The Exchange to explain how he looks for companies that can grow “faster for longer.” Watch the full interview.

Michael Lippert, portfolio manager of Baron Opportunity Fund and Baron’s Head of Technology Research, joined CNBC’s The Exchange on August 4, 2021, to discuss investing in tech stocks. "Durability of growth is something most investors miss," he said, explaining how companies like Google have sustained themselves for years. Watch the video clip on CNBC video interview.

In a July 26, 2021 article, “Baron Opportunity Fund Wins by Investing in Innovators, Big and Small,” portfolio manager Mike Lippert talked to Investor’s Business Daily about the types of innovative companies he favors, including some less familiar names.

Michael Lippert, Portfolio Manager of Baron Opportunity Fund and Baron’s Head of Technology Research, joined CNBC’s “The Exchange” on May 19, 2021, to discuss investment opportunities in tech stocks. Watch the video on CNBC.

Baron Opportunity Fund, managed by Mike Lippert, was ranked among the 20 Best Equity Mutual Funds by TheStreet for its risk/return profile as of March 31, 2021, with an overall rating of A+. 

TheStreet Ratings' mutual fund rating model compiles and examines financial data on a monthly basis to gauge a mutual fund's risk-adjusted return compared to its competitors.

In a May 7, 2021, interview with Consuelo Mack of PBS’ WealthTrack, Michael Lippert describes the embarrassment of riches he is seeing as an investment manager focused on the high growth stock universe.

Mike Lippert, portfolio manager of Baron Opportunity Fund and Head of Technology Research, was interviewed on CNBC’s “The Exchange" on Friday, March 26. He spoke with technology reporter Jon Fortt about current market conditions and companies he likes.

Baron Opportunity, Baron Partners, Baron Focused Growth, Baron Discovery, Baron WealthBuilder, Baron Global Advantage, and Baron Emerging Markets Funds were listed among Kiplinger’s top funds for 2020. 

In a January 21, 2021, article in Fortune, “The overlooked tech portfolio: Great stocks that aren't big names,” Mike Lippert, portfolio manager of Baron Opportunity Fund, discusses some less-familiar technology stocks he believes are poised for strong growth.

In its annual update of its profiles of Baron Growth Fund and Baron Asset Fund, Morningstar upgraded both Funds to its “Silver” Analyst Rating. To view the profiles, visit www.morningstar.com. (Subscription required to access).

Morningstar Analyst Rating is not a credit or risk rating, but a subjective evaluation performed by the analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars (process, performance, people, parent and price). Morningstar’s analysts use this valuation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Morningstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Morningstar’s current expectations about future events. Morningstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly. The Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. A fund with a “Gold” rating distinguishes itself across the five pillars and has garnered the analysts’ highest level of conviction. A fund with a ‘Silver’ rating has notable advantages across several, but perhaps not all, of the five pillars that give the analysts a high level of conviction. A “Bronze”-rated fund has advantages that outweigh the disadvantages across the five pillars, with sufficient level of analyst conviction to warrant a positive rating. A fund with a ‘Neutral’ rating isn’t seriously flawed across the five pillars, nor does it distinguish itself very positively. A “Negative” rated fund is flawed in at least one if not more pillars and is considered an inferior offering to its peers. Analyst Ratings are reevaluated at least every 14 months. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

In a July 31, 2020, CNBC's Squawk Alley appearance, Mike Lippert, Baron’s Head of Technology Research and Portfolio Manager of Baron Opportunity Fund, talks about tech earnings and the risks of regulation. (subscription required for access)

Mike Lippert, Head of Technology Research at Baron Capital and Portfolio Manager of Baron Opportunity Fund, joins Oliver Renick to talk about differentiating between short term blips and long-term secular trends that have accelerated due to the pandemic.

Mike Lippert, Head of Technology Research at Baron Capital and Portfolio Manager of Baron Opportunity Fund, discusses the impact of the COVID-19 pandemic on digital advertising stocks on CNBC's Squawk Valley.

In a May 18, 2020 interview on the Gaining Perspective podcast, Baron Opportunity Fund Portfolio Manager Mike Lippert discusses how he finds companies poised to potentially benefit from long-term secular growth trends in a volatile and uncertain investment environment. Listen to the podcast.

In a May 14, 2020, interview with veteran financial journalist Chuck Jaffe, Mike Lippert, portfolio manager of Baron Opportunity Fund, discusses investment opportunities in cloud computing and other technologies that stand to benefit from a more permanent, long-term shift to independent work spaces.

Mike Lippert, portfolio manager of Baron Opportunity Fund and Head of Technology Research, discusses digital transformation in the “new normal” world in a May 4, 2020, interview with Oliver Renick.

Baron Capital is pleased to announce that Mike Lippert has been named Head of Technology Research. In addition, Ishay Levin has been promoted to assistant portfolio manager of Baron Opportunity Fund and Guy Tartakovsky has been promoted to assistant portfolio manager of Baron Global Advantage Fund.

Mike Lippert describes his investment strategy for Baron Opportunity Fund in an April 14, 2020, Reuters article, “U.S. funds that beat market plunge seek recession-proof stocks.”

On Monday, April 13, at 11am EDT, Mike Lippert, portfolio manager of Baron Opportunity Fund, will discuss why he believes the COVID-19 crisis has and will continue to accelerate the digital transformation of the global economy.

Learn more about Baron's response. 

Barron’s sat down with Ron Baron to get his thoughts on investing in growth companies. Ron, who is founder and CEO of Baron Capital, manages Baron Growth Fund, Baron Partners Fund, Baron Focused Growth Fund, and Baron WealthBuilder Fund. Read the full article.

Mike Lippert, portfolio manager of Baron Opportunity Fund, was quoted in The Wall Street Journal on Tech Stock’s Rise. Read the full article on the WSJ. (Subscription required)

On February 8, 2019, Baron Opportunity Fund Portfolio Manager Mike Lippert was featured as the “market monitor” on CNBC’s “Nightly Business Report.” In the interview, Mike discussed 3 companies he thinks are leading the way in digitization and cloud computing. Watch the full interview.

In "The Journal Report," The Wall Street Journal's monthly review of mutual funds and ETFs, Baron Opportunity Fund and Baron Focused Growth Fund ranked among top performing funds in their respective peer groups for year-to-date total returns through November 30, 2018 according to Lipper.

Lipper Funds Category Average is not weighted and represents the straight average of annualized returns of each of the funds in the category.

Baron Opportunity Fund Portfolio Manager Mike Lippert appeared on CNBC's "Squawk Box" on Monday, December 3 to discuss his thoughts on the current investment landscape.

At the 2018 Baron Investment Conference, Ron Baron joined Ken Moelis, chairman and CEO of Moelis & Company, on CNBC’s “Squawk Box” to discuss Moelis’ investment strategy and the outlook for M&A activity. Watch the full interview on www.cnbc.com.

Portfolio holdings as a percentage of net assets as of September 30, 2018 for Moelis & Company are as follows: Baron Growth Fund (0.6%), Baron Small Cap Fund (0.9%).

In "The Journal Report," The Wall Street Journal's monthly review of mutual funds and ETFs, Baron Opportunity Fund and Baron Focused Growth Fund ranked among top performing funds in their respective peer groups for year-to-date total returns through October 31, 2018 according to Lipper.

Lipper Funds Category Average is not weighted and represents the straight average of annualized returns of each of the funds in the category.

In the October list of "Category Kings," The Wall Street Journal's analysis of mutual funds and ETFs, Baron Opportunity Fund ranked among the top performing funds in its peer group for year-to-date total return through September 28, according to Lipper.

Lipper Funds Category Average is not weighted and represents the straight average of annualized returns of each of the funds in the category.

On September 17, Baron Opportunity Fund Portfolio Manager Mike Lippert appeared on TD Ameritrade’s ‘Morning Trade Live’ program to discuss the secular trends in innovation driving his investment process, as well as several companies that he believes offer significant growth potential. 

In the September edition of "The Journal Report," The Wall Street Journal's monthly review of mutual funds and ETFs, Baron Fifth Avenue Growth Fund and Baron Opportunity Fund ranked among the top performing funds in their respective peer groups for year-to-date total return through August 31, according to Lipper.

Lipper Funds Category Average is not weighted and represents the straight average of annualized returns of each of the funds in the category.

Portfolio Manager Mike Lippert talks about reaping the rewards of innovation in a profile of Baron Opportunity Fund, published by Barron’s magazine. Read the full article here.(Subscription required, or read the PDF.)

On Thursday, August 30th, Vice President & Portfolio Manager Ashim Mehra appeared on CNBC's "Closing Bell" program to discuss his outlook on Amazon, as well as risks to the company's growth. Watch the full segment at www.cnbc.com.

Portfolio holdings as a percentage of net assets as of June 30, 2018 for securities mentioned are as follows: Amazon.com, Inc. (AMZN) – Baron Fifth Avenue Growth Fund, 16.2%; Baron Atlas Fund, 13.8%; Baron Opportunity Fund, 6.1%; Baron Global Advantage Fund, 4.9%; Baron Partners Fund, 1.8%

Baron Opportunity Fund Portfolio Manager Mike Lippert appeared on CNBC's "Squawk Box" program on June 27th, 2018 to discuss long-term trends in growth equity markets and the ongoing digitization movement. Watch his interview at www.cnbc.com.

Baron Opportunity Fund Portfolio Manager Mike Lippert appeared on CNBC's "Squawk Box" program on June 7th, 2018 to discuss his take on markets following the White House announcement on China tariffs. View his interview at www.cnbc.com.

Baron Opportunity Fund Portfolio Manager Mike Lippert appeared on CNBC's 'Squawk Box' program to discuss uncertainty and volatility in financial markets. You can view the segment at www.cnbc.com.

MarketWatch interviewed Mike Lippert regarding his thoughts on the future as it relates to Baron Opportunity Fund. Lippert discussed his investment process and his preference for disruptors with fast revenue growth, as well as five companies among his top holdings that he thinks are particularly attractive in today's investment landscape. You can read the article at www.marketwatch.com.

In its March 17 Fund of Information column, Barron's quoted Baron Opportunity Fund Portfolio Manager Mike Lippert, who discussed the future of energy and the implications of today's winner-take-all technology landscape for growth investors. The article highlighted Baron Opportunity Fund's strong five-year performance, as well as the attractive average trailing 12-month price/earnings ratio of the Fund's holdings. You can view the column at www.barrons.com (Subscription required for access).

The performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s transfer agency expenses may be reduced by expense offsets from an unaffiliated transfer agent, without which performance would have been lower. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, visit www.BaronFunds.com or call 1-800-99BARON.

Baron Opportunity Fund’s annualized returns for the Institutional Shares as of December 31, 2017: 1-year, 40.88%; 5-year, 13.15%; 10-year, 8.14%; Since Inception (4/30/2004), 6.15%. Annual expense ratio for the Retail Shares and Institutional Shares as of September 30, 2017 was 1.41% and 1.14%, respectively.

In "The Journal Report," The Wall Street Journal's quarterly review of mutual funds and ETFs, five Baron funds ranked among the top performing funds in their respective peer groups for one-year total return through February 28, 2018 according to Lipper.

Among the funds listed were Baron Real Estate Fund, Baron Partners Fund, Baron Fifth Avenue Growth Fund, Baron Opportunity Fund, and Baron Global Advantage Fund.

Note: Lipper Funds Category Average is not weighted and represents the straight average of annualized returns of each of the funds in the category.

In "The Journal Report," The Wall Street Journal's monthly review of mutual funds and ETFs, seven Baron funds ranked among the top performing funds in their respective peer groups for year-to-date total return through January 31, according to Lipper.

Among the funds listed were Baron Real Estate Fund (#1 in its category), Baron Real Estate Income Fund, Baron Partners Fund, Baron Asset Fund, Baron Fifth Avenue Growth Fund, Baron Opportunity Fund, and Baron Global Advantage Fund.

Note: Lipper Funds Category Average is not weighted and represents the straight average of annualized returns of each of the funds in the category.

Portfolio Manager Michael Lippert shared insights and observations heading into 2018 with Forbes' Wally Forbes, former president of the Forbes Investors Advisory Institute. Read the full article at www.forbes.com.

A September 7, 2017 Reuters article quoted Baron Capital research analyst Ashim Mehra on Amazon’s plans to establish a second headquarters in North America. The dual-city structure could lead to a potential split between Amazon Web Services and the company’s retail business, Mehra noted. Read the article (“Amazon opens bidding to cities for $5 billion ‘HQ2’, a second headquarters”) at www.reuters.com.

The September 11, 2017 issue of Barron’s ‘Sector Focus’ column reported on Baron Opportunity Fund portfolio manager Michael Lippert’s “Fueling the FANGs” commentary. Lippert points to personalization as a driver of the potentially ongoing growth of tech stocks. “Even on Netflix, each family member can have his or her own profile, personalized for each individual, not just the family,” he said. “Now turn on your cable box. The guide you see is the same for everybody.” Read the article at www.barrons.com. (Subscription required)

Baron Opportunity Fund portfolio manager Michael Lippert discusses "finding high growth stocks in a low growth world" on PBS 'WealthTrack.' Watch the full program at www.wealthtrack.com.

Michael Lippert, portfolio manager of Baron Opportunity Fund, appeared on CNBC’s ‘Halftime Report’ to discuss regulation in the tech industry and assure panelists that shifts in the consumer market are significant enough to keep charging forward. The segment can be viewed at www.cnbc.com.

During the late '90s tech run, "we were in the earliest stages of the Internet and it was unclear who the winners were going to be," says Michael Lippert, manager of the Baron Opportunity Fund, which holds more than 40% of its assets in tech shares. "If you look at the world today, most of the leaders have lots of recurring revenues" based on the services they provide, he says. These companies include Facebook, Amazon, Netflix and Alphabet, which are among Lippert's top holdings. Read the full online TIME story.

Ron Baron discusses the market environment and why he’s optimistic about Tesla. Watch the clip on www.CNBC.com