Brown Advisory, an investment management company, released its "Brown Advisory Global Leaders Strategy" for the second quarter of 2026 investor letter. A copy of the letter can be downloaded here. Brown Advisory's Global Leaders Strategy delivered a net return of 4.6% in the second quarter of 2026, underperforming its benchmark, the MSCI ACWI Net Index, which returned 14.9%. The relative weakness was driven mainly by underexposure to semiconductors and technology hardware, while software, cloud services, and financial holdings also weighed on performance. The strategy benefited from holdings in areas tied to AI infrastructure, with semiconductor exposure and AI-related investments gaining from strong demand. Looking ahead, Brown Advisory sees an attractive environment for active stock-picking, with its ready-to-buy list at its highest level since the COVID-19 period and an estimated 12%-13% average five-year base-case IRR, while maintaining a focus on quality, valuation discipline, and long-term cash-flow generation. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Brown Advisory Global Leaders Strategy Fund highlighted stocks like ASML Holding N.V. (NASDAQ:ASML). ASML Holding N.V. (NASDAQ:ASML) develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce cutting-edge chips. The one-month return of ASML Holding N.V. (NASDAQ:ASML) was 0.87% while its shares traded between $716.20 and $1999.96 over the last 52 weeks. On August 7, 2026, ASML Holding N.V. (NASDAQ:ASML) stock closed at approximately $1704.37 per share, with a market capitalization of about $668.71 billion.
Brown Advisory Global Leaders Strategy Fund stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its Q2 2026 investor letter:
ASML Holding N.V. (NASDAQ:ASML) continues to benefit from the build-out of AI infrastructure and remains a critical enabler of leading-edge semiconductor manufacturing. ASML's dominant position in Extreme Ultraviolet (EUV) lithography, where it holds a monopoly in the equipment required for leading-edge semiconductor manufacturing, positions it well to benefit from continued AI-driven capacity expansion and meaningful long-term revenue growth.
For illustration purposes only. Photo from Pixabay/Pexels
#NASDAQ #advisory #strategy #letter
In its second-quarter 2026 investor letter, Brown Advisory Global Leaders Strategy Fund highlighted stocks like ASML Holding N.V. (NASDAQ:ASML). ASML Holding N.V. (NASDAQ:ASML) develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce cutting-edge chips. The one-month return of ASML Holding N.V. (NASDAQ:ASML) was 0.87% while its shares traded between $716.20 and $1999.96 over the last 52 weeks. On August 7, 2026, ASML Holding N.V. (NASDAQ:ASML) stock closed at approximately $1704.37 per share, with a market capitalization of about $668.71 billion.
Brown Advisory Global Leaders Strategy Fund stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its Q2 2026 investor letter:
ASML Holding N.V. (NASDAQ:ASML) continues to benefit from the build-out of AI infrastructure and remains a critical enabler of leading-edge semiconductor manufacturing. ASML's dominant position in Extreme Ultraviolet (EUV) lithography, where it holds a monopoly in the equipment required for leading-edge semiconductor manufacturing, positions it well to benefit from continued AI-driven capacity expansion and meaningful long-term revenue growth.
For illustration purposes only. Photo from Pixabay/Pexels
#NASDAQ #advisory #strategy #letter
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