Baron Partners' Huge Tesla Stake Leads to Downgrade
Having 47% of net assets in this holding highlights the fund's lax risk controls.
While Baron Partners (BPTRX) has always been an aggressive fund, it has moved into unprecedented territory.
All share classes of Baron Partners have been downgraded to a Morningstar Analyst Rating of Neutral from Bronze, as the continued growth of its top position highlights lax risk controls.
Adam Sabban does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.