# Baron Fund Buys Axon in AI Selloff

> Baron Capital's ETF gains 15.62% as it targets Axon Enterprise amid AI stock decline.
- Title: Baron Fund Buys Axon in AI Selloff · Yahoo Finance | Shortify
- Summary: Baron Capital's ETF gains 15.62% as it targets Axon Enterprise amid AI stock decline. Baron SMID Cap ETF gained 15.62% in Q2 2026 by buying Axon Enterprise…
- Keywords: baron smid cap etf, axon enterprise, nasdaq, ai selloff, public safety tech, moms barra factor, trump tariffs, onshoring, business, finance, Baron, Fund
- Source: Yahoo Finance — https://finance.yahoo.com/markets/stocks/articles/fund-capitalizes-axon-enterprise-axon-121322313.html
- Published: 2026-09-17T12:13:22+00:00
- Read time: 1 min
- Topics: baron smid cap etf, axon enterprise, nasdaq, ai selloff, public safety tech, moms barra factor, trump tariffs, onshoring, business, finance
## Baron SMID Cap ETF Q2 2026 Results
Baron SMID Cap ETF gained 15.62% (NAV) in Q2 2026, underperforming Russell 2500 Growth Index's 24.02% return.
## Axon Enterprise in AI Selloff
Axon Enterprise, Inc. (NASDAQ:AXON) closed at $468.42 per share on September 16, 2026, down 23.74% over past month.
## Baron's AI Investment Strategy
Baron SMID Cap ETF targets Axon as a market leading 'atoms plus electrons' software provider with strong competitive moats.
## Axon's Public Safety Focus
Axon Enterprise sells non-lethal Taser devices, body cameras, drones, and AI report generation to law enforcement globally.
## Baron's Q2 2026 Investment
Baron SMID Cap ETF added Axon Enterprise as a newly established position during AI-related selloff in Q2 2026.
## Axon's Market Position
Axon Enterprise has a $38.05 billion market cap, trading between $339.01 and $792.16 over 52-week range.
## Key takeaway

Baron SMID Cap ETF gained 15.62% in Q2 2026 by buying Axon Enterprise during AI-related selloff.