Core Insights - Baron Growth Fund's performance in Q2 2025 was a 0.86% increase, significantly lagging behind the Russell 2000 Growth Index's 11.97% gain and the Russell 3000 Index's 10.99% return, indicating a challenging quarter for the fund's strategy focused on high-conviction businesses [1] Company Analysis: Red Rock Resorts, Inc. - Red Rock Resorts, Inc. (NASDAQ:RRR) operates in the casino and entertainment sector, specifically targeting the Las Vegas Locals market, with a one-month return of -2.21% and a 52-week gain of 14.46% [2] - The stock closed at $61.58 on September 23, 2025, with a market capitalization of $6.309 billion, reflecting its significant market presence [2] - The company is undergoing renovations and expansions of its core assets, which may cause short-term disruptions but are expected to enhance earnings growth and cash flow in the following year, supporting further development and dividend payments [3] - Red Rock's stock is currently trading at a discount to its historical average, which is viewed as attractive given its growth prospects and improving balance sheet [3] Hedge Fund Interest - Red Rock Resorts, Inc. was held by 32 hedge fund portfolios at the end of Q2 2025, an increase from 26 in the previous quarter, indicating growing interest among institutional investors [4] - Despite this interest, the company is not considered among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer better upside potential with less risk [4]

Core Insights - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Brookfield Infrastructure, Delek Logistics, and VICI Properties recently announcing dividend hikes and offering yields up to nearly 10% [1] Brookfield Infrastructure Partners - Brookfield Infrastructure Partners LP operates in utilities, transport, midstream, and data sectors [2] - The company has increased its dividends for 16 consecutive years, with a recent quarterly payout raised by 6% to $0.43 per share, translating to an annual payout of $1.72 per share [3] - As of June 30, the annual revenue was $21.54 billion, with Q2 2025 revenues reported at $5.43 billion, exceeding consensus estimates, although the loss per share of $0.03 missed expectations [4] Delek Logistics Partners - Delek Logistics Partners LP focuses on logistics and marketing assets for crude oil and refined products in the U.S. [4] - The company has raised its dividends for 12 consecutive years, with the latest quarterly payout increased from $1.11 to $1.115 per share, equating to an annual figure of $4.46 per share [5] - Annual revenue as of June 30 was $920.21 million, with Q2 2025 revenues of $246.35 million and EPS of $0.83, both below expectations [5] VICI Properties - VICI Properties Inc. is a real estate investment trust specializing in casino and entertainment properties [6] - The company has raised its dividends for seven consecutive years, with the latest quarterly payout increased by 4% to $0.45 per share, resulting in an annual figure of $1.80 per share [7] - The current dividend yield for VICI Properties stands at 5.60% [7]