Baron Real Estate Fund Sold Its Position in Blackstone (BX). Here’s Why

Baron Real Estate Fund Sold Its Position in Blackstone (BX). Here’s Why Soumya Eswaran Mon, June 15, 2026 at 8:15 PM GMT+7 3 min read BX Baron Capital, an investment management company, released its Q4 2025 letter for its “Baron Real Estate Fund”. A copy of the letter is available to download here. Baron Real Estate Fund was recognized as the Best Real Estate Fund Over Three Years at the 2026 LSEG Lipper Funds Awards, reflecting the three-year performance ending December 31, 2025. The Fund declined 5.39% (Institutional Shares) in Q1, underperforming the MSCI USA IMI Extended Real Estate Index (−0.96%) and the MSCI US REIT Index (+4.52%). Despite the Q1 decline, the long-term performance remains strong. The letter covers current thoughts, portfolio composition, key themes, top contributors and detractors, recent activity, and outlook for real estate and the Fund. The Fund has a positive outlook on the broader equity market and public real estate, and maintains a constructive outlook with compelling reasons to stay the course. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.

In its first-quarter 2026 investor letter, Baron Real Estate Fund highlighted stocks like Blackstone Inc. (NYSE:BX). Based in New York, Blackstone Inc. (NYSE:BX) is a leading alternative asset management company specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt, and equity and multi-asset class strategies. On June 12, 2026, Blackstone Inc. (NYSE:BX) closed at $122.79 per share. One-month return of Blackstone Inc. (NYSE:BX) was 4.91%, and its shares lost 11.19% over the past 52 weeks. Blackstone Inc. (NYSE:BX) has a market capitalization of $150.08 billion.

Baron Real Estate Fund stated the following regarding Blackstone Inc. (NYSE:BX) in its Q1 2026 investor letter: