Baron Funds released its third-quarter 2025 investor letter for the Baron FinTech Fund, reporting a 4.29% decline in the fund’s performance compared to a 1.90% drop in the FactSet Global FinTech Index. The fund has seen an annualized appreciation rate of 11.10%, driven by the resumption of Federal Reserve rate cuts and AI optimism.

In the investor letter, Baron FinTech Fund highlighted Capital One Financial Corporation (NYSE: COF), a leading credit card issuer. COF’s one-month return was -2.10%, with shares gaining 15.03% in the last 52 weeks, closing at $211.15 per share on November 14, 2025, with a market cap of $137.827 billion.

Baron FinTech Fund praised Capital One Financial Corporation’s acquisition of Discover in its third-quarter 2025 investor letter, citing it as a game-changer that will bring substantial value through network ownership and market share gains. Despite its potential, COF is not among the 30 most popular stocks among hedge funds, with 132 hedge fund portfolios holding it by the second quarter of 2025.

For more insights into Capital One Financial Corporation and other stocks discussed by Jim Cramer, check out related articles. Visit the hedge fund investor letters Q3 2025 page for further investor letters from leading investors. Explore more on the best and worst Dow stocks for the next 12 months and 10 unstoppable stocks that could double your money.

Read more at Yahoo Finance: What Makes Capital One Financial Corporation (COF) a Good Investment?