Published on 25 Apr 2024 on Insider Monkey via Yahoo Finance
Baron Funds, an investment management company, released its “Baron Real Estate Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund had a strong performance in the quarter and generated a gain of 8.28% (Institutional Shares). The Fund beat both the MSCI US REIT Index (the REIT Index), which declined 0.62% and the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index), which rose 6.59%, respectively. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Baron Real Estate Fund featured stocks like Lennar Corporation (NYSE:LEN) in its Q1 2024 investor letter. Headquartered in Miami, Florida, Lennar Corporation (NYSE:LEN) is a homebuilder. On April 24, 2024, Lennar Corporation (NYSE:LEN) stock closed at $154.12 per share. One-month return of Lennar Corporation (NYSE:LEN) was -11.18%, and its shares gained 36.75% of their value over the last 52 weeks. Lennar Corporation (NYSE:LEN) has a market capitalization of $42.123 billion.