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✍️  Baron Funds' investor letter for the second quarter of 2025 highlights the performance of the Baron Global Advantage Fund, which returned 22.7% compared to the MSCI ACWI Index's 11.5% gain.
👉 The Baron Global Advantage Fund returned 22.7% in the second quarter of 2025
👉 The fund outperformed the MSCI ACWI Index and the MSCI ACWI Growth Index
👉 Cloudflare, Inc. is one of the fund's top five holdings
👉 Cloudflare, Inc. is a cloud services provider that delivered a range of services to businesses worldwide
👉 The fund highlighted Cloudflare's strong performance, including its 8.29% one-month return and 173.87% gain over the last 52 weeks

#business
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