Core Insights - Brown Advisory Mid-Cap Growth Strategy underperformed the Russell Midcap® Growth Index in Q4 2025 primarily due to stock selection, particularly missing out on Palantir Technologies Inc (PLTR) [1] - The Strategy aims for solid risk-adjusted returns by investing in high-quality companies with market capitalizations between $2 billion and $50 billion [1] Company Highlights: Axon Enterprise, Inc. (NASDAQ:AXON) - Axon Enterprise, Inc. was added to the portfolio as its three-year return profile became more attractive, with a focus on public safety technology solutions [2][3] - As of March 20, 2026, Axon’s stock closed at $496.27, with a one-month return of 17.20% and a 52-week loss of 13.32% [2] - Axon reported a revenue growth of 39% year-over-year to $797 million in Q4 2025, indicating strong performance despite being less popular among hedge funds [4] Investment Rationale - The company is recognized for generating significant revenue from GenAI-enabled products, which contributed over $500 million in bookings over the year [3] - Axon is positioned to gain budget share by providing solutions that enhance safety and efficiency in law enforcement [3]

Baron Capital, an investment Management Company, released its fourth quarter 2025 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund returned 4.63% (Institutional Shares) in Q4 2025, outperforming the Russell 3000 Growth Index’s (the Benchmark) 1.14% gain and the S&P 500 Index’s 2.66% return. The Fund appreciated 19.73% for the full year, surpassing the benchmark’s 18.15% and the S&P’s 17.88% returns.  A turbulent year ended with moderate improvements in ...

All of us. I mean, I bet each of you know people in your immediate circle who've been shot and killed. This is a problem that that touches everybody.Uh, and by the time I added it up, I think I know five or six people uh who've been shot and killed. And that just struck me as a bizarre state of the universe that the way we protect ourselves in the 1990s, much less 2025, is shooting bullets at people. You know, we were doing that with like pirates in the in the, you know, 1600s.And so we're we're on a missio ...