Baron Funds released the Baron Real Estate Fund’s Q3 2025 investor letter, showcasing a 10.25% appreciation for Institutional Shares, outperforming the REIT Index. American Tower Corporation (NYSE: AMT) was highlighted as a leading stock, with a one-month return of -2.76% and a market capitalization of $86.509 billion on November 11, 2025.

In the Q3 2025 investor letter, Baron Real Estate Fund discussed American Tower Corporation (NYSE: AMT) and its slight underperformance due to delays in billings and investor concerns about a customer. Despite this, AMT’s dividend strength and valuation make it a strong buy in 2025, with 70 hedge fund portfolios holding the stock at the end of the second quarter.

American Tower Corporation (NYSE: AMT) is not among the 30 Most Popular Stocks Among Hedge Funds, with only 70 hedge fund portfolios holding the stock. While AMT has investment potential, certain AI stocks may offer greater upside potential and less downside risk. Investors seeking undervalued AI stocks should explore opportunities beyond AMT.

Read more at Yahoo Finance: Here’s Why American Tower Corporation (AMT) Fell in Q3