Baron Mid-Cap ETF Dumps Wynn Stock in Favor of Texas Roadhouse

Baron Capital’s Baron SMID Cap ETF (NYSE: BSCM) ditched its position in Wynn Resorts (NASDAQ: WYNN) stock in the third quarter, dumping the casino stock in favor of Texas Roadhouse (NASDAQ: TXRH). News of the Wynn departure was revealed in a letter to the ETF’s investors penned by portfolio managers Laird Bieger and Randy Gwirtzman, but they did not go into detail as to why they sold the Wynn stake. However, the portfolio managers are bullish on consumer stocks. With Wynn out of the mix, no gaming stocks are currently found in the BSCM portfolio.