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 Samsara Inc. (NYSE:IOT) as a new holding. On August 11, 2026, Samsara Inc. (NYSE:IOT) stock closed at $40.32 per share. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.