About BDFIX
Baron Discovery Fund Institutional Shares is a mutual fund focused on identifying growth opportunities among early-stage, small-sized U.S. companies. The fund primarily invests in the common stock of small-cap businesses that are typically at or below the weighted average market capitalization of the Russell 2000 Growth Index. Its investment strategy emphasizes long-term capital appreciation by selecting companies with significant growth potential, sustainable competitive advantages, exceptional management teams, and attractive valuations. Managed by an experienced team with a strong research background, the fund maintains a relatively concentrated portfolio—usually holding around 55 to 60 positions—and exhibits a high active share, reflecting its differentiated approach. The fund’s sector exposures are an outcome of bottom-up stock selection rather than macro targeting, with notable allocations in technology, industrials, healthcare, and consumer discretionary fields. Since its inception in 2013, Baron Discovery Fund Institutional Shares has established itself as a key player in the small-cap growth space, catering to institutional investors seeking exposure to innovative and dynamic segments of the U.S. equity market.
Fund Family Baron Capital Group, Inc.
Category Small Growth
Performance Rating Above Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol BDFIX
Share Class Institutional Shares
Index Russell 2000 Growth TR
BDFIX had a total return of -1.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.19%.
