Baron Capital, an investment management company, released its Q2 2026 investor letter for the "Baron Discovery Fund". Baron Discovery Fund appreciated by 19.08% (Institutional Shares) in the quarter, underperforming the Russell 2000 Growth Index, which gained 25.71%. In its Q2 2026 investor letter, Baron Discovery Fund highlighted Rubrik, Inc. (NYSE:RBRK) as a newly added position. On August 11, 2026, Rubrik, Inc. (NYSE:RBRK) closed at $96.93 per share, reflecting a market capitalization of $19.95 billion and a year‑to‑date gain of 26.74%. Baron Discovery Fund stated the following regarding Rubrik, Inc. (NYSE:RBRK) in its Q2 2026 investor letter: