Brown Advisors Mid-Cap Growth Strategy Sold Pinterest (PINS) Due to Tariff-Related Uncertainty

Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy underperformed its benchmark, the Russell Midcap® Growth Index, in the second quarter of 2025, which increased 18%. High tariff levels announced on Liberation Day triggered a sudden spike in the Volatility Index (VIX). However, fear quickly gave way to strong gains as tariffs were partially rolled back, and corporate first-quarter earnings showed resilience. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Brown Advisory Mid-Cap Growth Strategy highlighted stocks such as Pinterest, Inc. (NYSE:PINS). Pinterest, Inc. (NYSE:PINS) is a visual search and discovery platform that enables users to find ideas, such as recipes, home, and style inspiration. The one-month return of Pinterest, Inc. (NYSE:PINS) was 9.02%, and its shares gained 30.32% of their value over the last 52 weeks. On September 08, 2025, Pinterest, Inc. (NYSE:PINS) stock closed at $37.95 per share, with a market capitalization of $25.803 billion.

Brown Advisory Mid-Cap Growth Strategy stated the following regarding Pinterest, Inc. (NYSE:PINS) in its second quarter 2025 investor letter:

“We exited Entegris (ENTG) and Pinterest, Inc. (NYSE:PINS) to fund what we view as superior opportunities in other investments. Shares of Pinterest and West Pharmaceuticals were generally stable in the second quarter but underperformed the broader market. We exited our position in Pinterest due to heightened tariff related risk, as many of the company’s primary advertising categories—including home décor, beauty, apparel, and consumer goods—are particularly exposed to global trade tensions.”

In another article, we covered Pinterest, Inc. (NYSE:PINS) and shared the list of high growth NYSE stocks that are profitable. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.