Brown Advisory Large-Cap Growth Strategy Picked Axon Enterprises Inc (AXON) Amid Broader Sell-Off
Key takeaways
- A copy of the letter is available to download here.
- In its first-quarter 2026 investor letter, Brown Advisory Large-Cap Growth Strategy highlighted Axon Enterprise, Inc.
- Brown Advisory Large-Cap Growth Strategy stated the following regarding Axon Enterprise, Inc.
Brown Advisory Large-Cap Growth Strategy Picked Axon Enterprises (AXON) Amid Broader Sell-Off Soumya Eswaran Thu, July 2, 2026 at 9:48 PM GMT+7 3 min read AXON Brown Advisory, an investment management company, released its "Brown Large-Cap Growth Strategy" for the first-quarter 2026 investor letter. A copy of the letter is available to download here. The Brown Advisory Large-Cap Growth Strategy experienced a decline in the first quarter of 2026, modestly trailing the Russell 1000 Growth Index. Despite negative absolute returns amidst volatility, relative performance improved significantly as the quarter progressed. Initial pressures stemmed from weaknesses in the software sector, affected by concerns over AI disrupting traditional models. Conversely, sectors like Industrials and Consumer Discretionary positively contributed to performance, while Information Technology and Health Care were the largest detractors. The strategy's ability to outperform in a down market indicates the quality of holdings. As market leadership broadens, the firm's focus remains on maintaining a diversified portfolio of high-quality growth companies, aiming for strong long-term results. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Brown Advisory Large-Cap Growth Strategy highlighted Axon Enterprise, Inc. (NASDAQ:AXON) as a newly established position. Axon Enterprise, Inc. (NASDAQ:AXON) is a public-safety technology company focused on developing connected law enforcement products and services, including taser, body camera, drone, and other hardware solutions. On July 1, 2026, Axon Enterprise, Inc. (NASDAQ:AXON) closed at $593.96 per share. One-month return of Axon Enterprise, Inc. (NASDAQ:AXON) was 15.74%, and its shares lost 25.33% over the past 52 weeks. Axon Enterprise, Inc. (NASDAQ:AXON) has a market capitalization of $47.87 billion.
Brown Advisory Large-Cap Growth Strategy stated the following regarding Axon Enterprise, Inc. (NASDAQ:AXON) in its Q1 2026 investor letter: