Brown Brothers Harriman, an investment management company, released its Q2 2026 investor letter for the "BBH Select Mid Cap ETF". A copy of the letter can be downloaded here. In the quarter, the fund increased 9.7% on a total return basis compared to the Russell Midcap Index's 13.8% return. Artificial intelligence is a key factor influencing market performance, with high-valuation and high-beta companies consistently outperforming others. The portfolio saw gains from being overweight in technology and industrials but missed opportunities due to underweighting more cyclical stocks. At the end of Q2 2026, the Fund held positions in 27 companies, with 48% of **** ets concentrated in the top 10 holdings. The Fund's strategy focuses on companies priced below intrinsic value to ensure a margin of safety, rather than on whether valuations are high or low. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, BBH Select Series – Mid Cap ETF highlighted Entegris, Inc. (NASDAQ:ENTG). Headquartered in Billerica, Massachusetts, Entegris, Inc. (NASDAQ:ENTG) provides materials and process solutions for the semiconductor and other high-technology industries. On August 19, 2026, Entegris, Inc. (NASDAQ:ENTG) closed at $144.28 per share, reflecting a market capitalization of $22.05 billion. Entegris, Inc. (NASDAQ:ENTG) posted a one‑month return of 6.64%, while its shares gained 75.76% over the past 52 weeks.
BBH Select Series – Mid Cap ETF stated the following regarding Entegris, Inc. (NASDAQ:ENTG) in its Q2 2026 investor letter:
"For the quarter, the Fund's largest positive contributors were Entegris, Inc. (NASDAQ:ENTG) and Arista Networks Inc. (Arista), both clear beneficiaries of the AI infrastructure buildout. Entegris returned 53.5% during the quarter, ending with a weight of 6.4%. Entegris is a key supplier to the semiconductor industry of essential filtration products, materials, and related delivery equipment that enables the high precision fabrication of semiconductor chips. Entegris reported strong first quarter 2026 results and provided second quarter guidance above consensus with accelerating growth in second and third quarter 2026. This matches an upgraded view of industry end markets, with wafer volumes now expected to grow mid- to-high-single digits for 2026 and fab construction to grow high-single digits, both of which were low-single digits expectations just last quarter. Relatively new CEO Dave Reeder indicated a focus on gross margins when he started, and that is evident from the substantial im provement in first quarter 2026 that is expected to continue over the year. Gross margin of 46.9% was significantly above guidance of 44.5-45.5% and increased 310 basis points (bps)1 from fourth quarter 2025. Lastly, Entegris now aims to bring net leverage to 3.0x by year end, driven by robust free cash flow of at least $450m."

#entg #select

SAN FRANCISCO (AP) — Hao-Yu Lee drove in the go-ahead run in the 10th inning with a pinch-hit single and the Detroit Tigers beat the San Fracisco Giants 3-1 on Sunday in the rubber game of their series.
Spencer Torkelson singled off Sam Hentges (1-4) after Lee's base hit scored automatic runner Riley Greene for a 2-1 lead. Max Clark's groundout added an insurance run.
Kenley Jansen (3-4) struck out the side in the ninth for the win. Tyler Holton pitched a perfect 10th for his second save as the Tigers finished 7-2 on a three-city trip to the West Coast.
Detroit starter Troy Melton allowed an unearned run on four hits and a walk over six-plus innings, striking out five. The right-hander hasn't permitted an earned run in his last 20 innings. Melton has given up two runs or fewer in 12 of his 13 starts this season.
Logan Webb yielded one run on four hits and a walk over eight innings for the Giants, throwing 100 pitches.

#Giants #melton #walk #francisco

San Francisco Mayor Daniel Lurie recently reignited the simmering Major League Baseball Pride Night controversy, publicly rebuking Giants players who altered or refused to wear rainbow-themed caps — even as a federal investigation into the league’s handling of players’ religious objections remains active.
At a Pride Month fundraiser, Lurie publicly criticized the players who chose not to wear the rainbow uniforms or who spoke out against them – a story The Dallas Express has been covering since June.
A Recap of The Controversy
The issue began June 12, when three Giants pitchers – Landen Roupp, JT Brubaker and Ryan Walker – wrote a Bible verse, Genesis 9:12-16, on their Pride Night caps, which featured the team’s rainbow-colored logo. The passage the pitchers referenced describes God setting a rainbow in the sky as a sign of his covenant with Noah after the flood.
A fourth reliever, Sam Hentges, declined to wear the special cap altogether, opting for the team’s standard logo cap.

June 23 (UPI) -- A communication "lapse" by the San Francisco Giants led to players writing Bible verses on their Pride Night hats, MLB commissioner Rob Manfred said.
Manfred spoke about the issue through a letter sent Friday to Sen. Josh Hawley, R-Mo. Hawley posted the letter Monday night on social media. The Giants did not immediately respond to a request for comment.
MLB issued warnings to several Giants players last week, pointing to uniform-related rules violations committed during their 5-1 loss to the Chicago Cubs on June 12 in San Francisco.
Giants pitchers Landen Roupp, J.T. Brubaker and Ryan Walker had placed Biblical references on their hats. Fellow pitcher Sam Hentges wore a plain black Giants cap instead of a Pride Night one.
The collective bargaining agreement between MLB and the MLBPA states that players who violate uniform regulations will first receive warnings, specifying that they will be subject to further discipline if they do not "immediately cease violating" the regulations. Writing messages on apparel is among the violations listed in the agreement.

Major League Baseball (MLB) found itself mired in controversy this past week after three San Francisco Giants players—Landen Roupp, J.T. Brubaker, and Ryan Walker—inscribed Bible verses on their hats that had been designed for the team's Pride night. Another, Sam Hentges, declined to wear the hat altogether. Whether people were mad at the players for their lack of pride or at the team and league for their alleged abundance of pride depends on vantage point. But people were mad.
Put differently, we are living in Groundhog Day, but make it gay. We've had this fight before. Around and around we have gone. A lot of people are wrong. So why are we still doing this?
The MLB may be wondering the same thing. "We have told teams, in terms of actual uniforms, hats, bases that we don't think putting logos on them is a good idea just because of the desire to protect players," said MLB commissioner Rob Manfred in 2023, "not putting them in a position of doing something that may make them uncomfortable because of their personal views." The Giants and the Los Angeles Dodgers, however, have continued incorporating the Pride uniforms because of a standing agreement.
This fight is not constrained to the outfield or the infield or the minefield-ridden culture war battlefield. "I write with grave concern over your reported decision to issue a formal warning to three Major League Baseball (MLB) players for publicly expressing their Christian faith," Sen. Josh Hawley (R–Mo.) said in a letter to Manfred. "You must answer for what appears to be a pattern of discrimination within MLB against baseball players who profess their Christian faith." The senator was joined by other government actors promising to intervene, including the U.S. Department of Justice's Harmeet Dhillon, who referred the league to the Equal Employment Opportunity Commission for an investigation.
"This routine verbal warning not to wear the hat in future games is not disciplinary and had absolutely nothing to do with the content of the message," the league said in a statement. "We respect players' right to free expression. However, writing of any kind, with any message, is prohibited per Major League Baseball's uniform regulations….We have given the same warning numerous times in the past to players for messages such as 'Dad,' 'Happy Mother's Day, I Love Mom' and names of family members."

A handful of San Francisco Giants players caused a stir on the internet over the weekend when they quietly protested the franchise’s celebration of Gay Pride. The Giants wore caps sporting a rainbow edition of the Giants’ iconic “SF,” and several players had strong responses.
Some players wrote scripture verses from the bible on the hats, while pitcher Sam Hentges took an even harder stance, refusing to wear the cap at all. The Athletic’s Grant Brisbee took exception to the players’ antics and made that clear in a piece he published for the outlet.
“… This was another tone-deaf response to what should have been a moment for community unity,” he wrote. “They made the night about ‘us versus them.’ That’s the only thing they could see.”
“Some of that progress was made when events like Pride Night became commonplace, reminding the world of a community’s existence, strength and humanity,” he added. “Events like Pride Night reduce suffering in a very real way. To suggest they don’t is to ignore the humanity of the individuals involved.”
Brisbee implored the players to do better for the vulnerable members of their community.