Here’s Why BBH Select Series – Mid Cap ETF Sold NVR (NVR) in Q4

Core Insights - The BBH Select Series – Mid Cap ETF experienced a decline of 3.9% in Q4 2025, underperforming the Russell Midcap Index, which returned 0.2% [1] - The year was marked by the strong performance of unprofitable and volatile companies, with healthcare and materials sectors leading, while communication services and real estate sectors lagged [1] - The firm anticipates a market shift back to financial fundamentals, emphasizing profitability and cash flow [1] Company Insights - NVR, Inc. (NYSE:NVR) is highlighted as a key stock in the BBH Select Series – Mid Cap Fund's Q4 2025 investor letter, with a closing stock price of $6,783.24 on March 10, 2026 [2] - NVR, Inc. reported a one-month return of -16.23% and a 52-week loss of 7.72%, with a market capitalization of $19.261 billion [2] - The fund initiated a new position in Tradeweb Markets Inc. and exited its position in NVR, Inc. during the fourth quarter [3] Hedge Fund Interest - NVR, Inc. was held by 50 hedge fund portfolios at the end of Q4 2025, an increase from 46 in the previous quarter [4] - Despite recognizing NVR, Inc.'s potential, the firm suggests that certain AI stocks may offer better upside potential and lower downside risk [4]