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Baron Capital's Fifth Avenue Growth Fund Navigates Mixed Tech Sector Performance in Q2 2026

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Baron Capital reported strong second-quarter gains for its flagship Fifth Avenue Growth Fund, driven significantly by a position in TSMC. However, the fund also exited its stake in Wix.com due to concerns over deceleration in the company's core business. These moves highlight the fund manager's strategy of capitalizing on semiconductor strength while divesting from technology companies showing signs of slowdown.