Baron Funds’ “Baron Durable Advantage Fund” saw a 5.6% increase in the third quarter of 2025, compared to 8.1% for the S&P 500 Index. YTD, the fund is up 13.6%. U.S. large-cap equity investors are benefiting from a strong rally since 2023. Check the fund’s top 5 holdings for insights into its 2025 picks.

S&P Global Inc. (NYSE: SPGI) was highlighted in the fund’s Q3 2025 letter. The stock saw a one-month return of 1.07% and closed at $488.95 per share on November 17, 2025, with a market cap of $149.276 billion.

Baron Durable Advantage Fund’s letter discussed S&P Global Inc. (NYSE: SPGI) declining 7.5% in the quarter due to industry headwinds. Despite concerns, the fund remains optimistic about the company’s growth potential and competitive advantages.

106 hedge fund portfolios held S&P Global Inc. (NYSE: SPGI) at the end of Q2 2025. In Q3, the company’s revenue increased 9% YoY, with subscription revenue up 6%. While S&P Global Inc. (NYSE: SPGI) shows promise, other AI stocks may offer greater upside potential with less risk.

Read more at Yahoo Finance: Does S&P Global (SPGI) Have a Long Runway for Growth?