The Baron iOpportunity fund invests not just in technology stocks but companies that benefit from technology, says portfolio manager Michael Lippert. Among his holdings are wireless tower companies. The fund has ranked in the top 2 percent of its category for total returns over the past year, according to Morningstar.
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Q: Your biggest holding, Equinix, has roughly doubled in the past year. What got you interested in it?
A: That's a company we have owned for a long time. I could build a data center right next to (one owned by) Equinix and charge half the price. No one would go there because you want to be in an Equinix building because that's where all the networks are. Equinix, though, could build their own building next door and tether it to their first building with fiber.
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