Alphabet, ASML among new Q1 additions at Baron Opportunity Fund; Microsoft exited

Baron Opportunity Fund reported a Q1 decline but outperformed its Russell 3000 Growth benchmark. In Q1 the fund established new positions in Alphabet (GOOG/GOOGL), Forgent Power Solutions (FPS) and ASML, signaling continued exposure to large-cap tech and semiconductor-related names. The moves are primarily portfolio reallocation news rather than earnings or guidance, but institutional buying of Alphabet and ASML could provide modest supportive flows for those shares. Related tickers shown in the piece: GOOG traded near $386.12 (0.34% premarket), FPS ~$47.56, and ASML ~$1,605.77.