Brown Advisors Large-Cap Growth’s Underweight to NVIDIA (NVDA) Affected the Performance

Core Insights - Brown Advisory's Large-Cap Growth Strategy demonstrated resilience in Q2 2025, achieving a return of 16%, slightly underperforming the Russell 1000® Growth Index [1] - NVIDIA Corporation (NASDAQ:NVDA) was highlighted as a key stock, with a one-month return of -6.77% but a 52-week gain of 57.96% [2] - The strategy's underweight position in NVIDIA and not owning Broadcom were significant detractors from performance during the quarter [3] Company Performance - NVIDIA Corporation reported revenues of $46.7 billion in Q2 2026, exceeding expectations [4] - The stock closed at $170.76 per share on September 09, 2025, with a market capitalization of $4.157 trillion [2] - NVIDIA's recent quarterly earnings were modestly ahead of consensus expectations, with management anticipating improved gross margins by year-end [3] Investment Sentiment - 235 hedge fund portfolios held NVIDIA at the end of Q2 2025, an increase from 212 in the previous quarter [4] - Despite NVIDIA's potential, the company is viewed as having less upside compared to certain other AI stocks [4]