Part 8/11:
Baron’s personal investment in Tesla is significant, with over 5 million shares, valued at more than $1 billion, making Tesla a substantial part of his net worth. This substantial stake underscores his conviction, as more than 25% of his personal assets are invested in Tesla stock.
He also manages multiple funds, with some holding as much as 45% of their capital in Tesla in late 2022. Despite concerns about concentration risk, Baron maintains that his and his clients’ investments are aligned with a long-term horizon, expecting substantial returns over the next decade.