IT Datacom Segment Supported Amphenol Corporation’s (APH) Better-Than-Expected Earnings
- Finance
ThePostMaster- 0
- 5 minutes read
Baron Fund, an investment management company, released its Q4 2025 letter for “Baron Asset Fund”. A copy of the letter can be downloaded here. Equities experienced a strong fourth quarter, capping off a volatile year. However, the Russell Midcap Growth Index (the Index) ended the quarter down 3.70%. In this environment, the Baron Asset Fund returned 7.89% (Institutional Shares), surpassing the Index by 11.59 percentage points. Favorable stock selection led to the outperformance of the Fund in the quarter. As of December 31, 2025, the Fund held a total of 53 positions, and the 10 largest holdings represented 52.8% of net assets, and the 20 largest holdings represented 73.3% of net assets. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Baron Asset Fund highlighted Amphenol Corporation (NYSE:APH) as one of its leading contributors. Amphenol Corporation (NYSE:APH) is a leading supplier of electrical, electronic, and fiber optic connectors. On February 9, 2026, Amphenol Corporation (NYSE:APH) stock closed at $144.20 per share. One-month return of Amphenol Corporation (NYSE:APH) was -3.20%, and its shares are up 106.15% over the past twelve months. Amphenol Corporation (NYSE:APH) has a market capitalization of $176.509 billion.
Baron Asset Fund stated the following regarding Amphenol Corporation (NYSE:APH) in its fourth quarter 2025 investor letter:
“Amphenol Corporation (NYSE:APH) is a leading global supplier of high technology interconnect, sensor, and antenna solutions serving a diverse set of end markets. The company operates a highly decentralized, entrepreneurial model, with more than 140 general managers exercising autonomy over their individual business units. Amphenol is also highly acquisitive, having completed more than 50 acquisitions over the past decade. Shares rose during the quarter as the company reported better-than-expected earnings, led by its IT Datacom segment, which serves AI applications, alongside solid growth across its other end markets. Amphenol maintains significant market share in interconnect solutions within NVIDIA’s AI server racks, and we expect its content to continue to increase as speeds and system complexity rise. We believe this organic momentum, combined with the pending acquisition of CommScope’s Connectivity and Cable Solutions business—Amphenol’s largest acquisition to date, expected to close in early 2026—should continue to drive strong revenue and earnings growth in the coming years.”
