Baron Fifth Avenue Growth Fund
BFTHX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 767 Fifth Ave New York NY United States of America 10153
- IPO Date
- May 4, 2004
- CIK
- 0000810902
- Website
- baroncapitalgroup.com
- Similar Companies
- Business
- Baron Fifth Avenue Growth Fund (BFTHX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of large-sized U.S. growth companies with significant growth potential, sustainable competitive advantages, exceptional management, and attractive valuations; it may also allocate to non-U.S. companies and a limited number of private investments. The fund offers Retail Class shares (BFTHX), Institutional Class shares (BFTUX), and Investor Class shares (BFTIX), with a net expense ratio of 1.00% for Retail shares as of January 28, 2025; its portfolio is concentrated, with the top 10 holdings comprising approximately 60% of net assets and focusing on sectors including information technology (49%), consumer discretionary (19.3%), and communication services (13.5%), featuring leading positions in NVIDIA Corporation (13%), Amazon.com Inc. (8.6%), Meta Platforms Inc. (7.1%), Shopify Inc. (5.7%), and Alphabet Inc. (5.4%). Launched on April 30, 2004, and managed by Baron Capital Group Inc. from its headquarters in New York, the fund targets institutional and retail investors in the large-cap growth segment, benchmarked against the Russell 1000 Growth Index and S&P 500 Index, with net assets of $762.72 million as of September 30, 2025. In recent quarters, the fund has executed strategic portfolio adjustments, including initiating a new position in Figma Inc., a collaborative design platform, in Q3 2025; adding to holdings in KKR & Co. Inc., Alphabet Inc., Taiwan Semiconductor Manufacturing Company Limited, and CrowdStrike Holdings Inc.; trimming positions in Shopify Inc., Eli Lilly and Company, and The Trade Desk Inc.; and fully exiting GitLab Inc. and Mobileye Global Inc. to manage position sizing and risk/reward profiles. Earlier in Q2 2025, additions were made to Eli Lilly and Company, Samsara Inc., Illumina Inc., Taiwan Semiconductor, ASML Holding N.V., Datadog Inc., KKR & Co. Inc., and The Trade Desk Inc., reflecting active management amid market volatility and AI-driven opportunities. These changes align with Baron Capital Group's broader expansion, including the launch of active ETFs in December 2025 to extend its growth investment strategies. The fund operates globally through its diversified holdings, with approximately 76% in U.S. stocks, 23% in non-U.S. stocks, and minor cash positions, serving investors across the United States.