Baron Fund released its Q4 2025 letter for the Baron Small Cap Fund, which was down 1.56% in the quarter compared to a 1.22% gain for the Russell 2000 Growth Index. The fund returned (0.66)% in 2025, trailing the index by 13.67 percentage points.

In its Q4 2025 letter, Baron Small Cap Fund highlighted stocks like Andersen Group Inc. (NYSE: ANDG), a leading tax, valuation, and financial advisory services provider. Andersen Group Inc. (NYSE: ANDG) stock closed at $21.42 per share on February 6, 2026, with a one-month return of -10.53% and YTD shares losing 17.39% of their value.

Baron Small Cap Fund praised Andersen Group Inc. (NYSE: ANDG) as their lone new purchase in Q4 2025. They highlighted Andersen’s strong competitive position driven by their globally recognized brand and global affiliate network, offering clients worldwide coverage at scale few others can provide. Andersen has a notably lower ratio of employees per partner compared to the Big Four audit firms.

Read more at Yahoo Finance: What Offers Andersen Group (ANDG) a Strong Competitive Position?