Soumya Eswaran
2 min read
In This Article:
Baron Funds, an investment management company, released its “Baron Real Estate Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, stocks were sold due to economic growth slowdown, inflation, and policymaking issues, including Baron Real Estate Fund®, without considering value. The fund declined 6.69% (Institutional Shares) in the quarter compared to a 3.11% decline for the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index) and a 0.76% gain for the MSCI US REIT Index (the REIT Index). In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as Vornado Realty Trust (NYSE:VNO). Vornado Realty Trust (NYSE:VNO) is a fully integrated equity real estate investment trust. The one-month return of Vornado Realty Trust (NYSE:VNO) was 13.42%, and its shares gained 57.82% of their value over the last 52 weeks. On May 14, 2025, Vornado Realty Trust (NYSE:VNO) stock closed at $39.14 per share with a market capitalization of $8.168 billion.
Baron Real Estate Fund stated the following regarding Vornado Realty Trust (NYSE:VNO) in its Q1 2025 investor letter:
"Vornado Realty Trust (NYSE:VNO) owns a portfolio of premier office and street retail properties largely concentrated in New York City.
An aerial view of a New York city skyline, showing the expansive real estate projects of the company.
Vornado Realty Trust (NYSE:VNO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held Vornado Realty Trust (NYSE:VNO) at the end of the fourth quarter which was 23 in the previous quarter. While we acknowledge the potential of Vornado Realty Trust (NYSE:VNO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
