What Makes Alphabet (GOOG) a Compelling Long-Term Opportunity?

Baron Capital, an investment Management Company, released its first quarter 2026 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund declined 8.

88% (Institutional Shares) in the quarter, outperforming the Russell 3000 Growth Index’s (the Benchmark) -9. 54% return, but trailing the S&P 500 Index, which dropped 4. 33%. U. S.