Baron Funds reported a 14.76% return for the Baron Discovery Fund in Q2 2025, outperforming the Russell 2000 Growth Index. The fund’s year-to-date return was 7.68%, beating the Index’s -0.48% return. Check out the fund’s top five holdings for 2025’s best picks.

The Macerich Company (NYSE:MAC) is a real estate investment trust (REIT) with a one-month return of -0.42% and a 6.77% gain over 52 weeks. On July 30, 2025, MAC stock closed at $16.56 per share, with a market cap of $4.389 billion.

Baron Discovery Fund mentioned that MAC underperformed due to concerns about retail leasing demand amid tariff and economic worries.

16 hedge fund portfolios held MAC at the end of Q1 2025, down from 20 in the previous quarter. While MAC has potential, some AI stocks may offer better upside potential and less downside risk.

For more insights on MAC and other companies, check out hedge fund investor letters for Q2 2025.

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Read more at Yahoo Finance: The Macerich Company (MAC) Shares Traded Down Due to Concerns Over Reduced Demand