Baron Funds Comments on Arch Capital Group Ltd

Author's Avatar
Jul 22, 2014

Among our longer term holdings, 12 positions, representing about 15.1% of the portfolio, have been held for over 10 years. On average, these investments increased almost six-fold in the time we have held them. Holdings include Arch Capital Group Ltd. (ACGL), an insurance and reinsurance company that excels at writing specialized policies and has a long, successful track record across numerous insurance cycles. In the 12 years we have owned Arch Capital, its market cap has grown from $0.4 billion to more than $7.7 billion today.

From Baron Funds' Second Quarter 2014 Shareholder Letter.