This growth fund returned nearly 43% last year. Here's what it's betting on now

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The DF Dent Premier Growth fund racked up a 42.9% return in 2019, according to Morningstar. This was 11 percentage points higher than the average of large cap growth funds surveyed by Morningstar.

For more on how the managers pick stocks for the fund, read here.

The fund, which has roughly $250 million in assets under management, has averaged an annualized return of more than 15% over the past decade. It typically has between 50% and 75% of its holdings in large cap stocks, according to securities filings.

Its holdings, current as of Dec. 31, reveal a mix of large cap financial and payments stocks and overweight bets on smaller companies.