📰 Baron Funds' Q2 2023 investor letter highlights strong performance of Baron Fifth Avenue Growth Fund, up 16% in Q2, outpacing Russell 1000 Growth Index (12.8%) & S&P 500 Index (8.7%). YTD gains at 38.8%.

🔍 The fund spotlighted The Trade Desk, Inc. (NASDAQ:TTD), a leading CTV-focused advertising demand-side platform. TTD stock closed at $72.18 on Aug 18, 2023, with a market cap of $35.285 billion.

📈 TTD's strong Q2 results showed 21% YoY revenue growth & nearly 30% EBITDA margins. The company is expected to benefit from the shift of ad dollars from linear TV to CTV.