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 Marvell Technology, Inc. (NASDAQ:MRVL). Marvell Technology, Inc. (NASDAQ:MRVL) is a semiconductor company that delivers data infrastructure solutions across the data center core, cloud, enterprise, and network edge. On July 1, 2026, Marvell Technology, Inc. (NASDAQ:MRVL) closed at $272.05 per share, reflecting a market capitalization of $237.99 billion. Marvell Technology, Inc. (NASDAQ:MRVL) posted a one-month return of -14.97%, while its shares gained 257.87% over the past 52 weeks.
Brown Advisory Large-Cap Growth Strategy stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q1 2026 investor letter:
“Marvell Technology, Inc. (NASDAQ:MRVL): Manufactures semiconductor products. Marvell Technology, Inc. (MRVL) traded higher during the quarter as investor confidence in AI-related infrastructure demand improved following earlier volatility. Sentiment strengthened as the market refocused on the company’s exposure to custom silicon and data center connectivity, supported by strong relationships with hyperscale customers. More recently, shares moved higher following news of an expanded partnership with NVIDIA Corporation (NVDA), including integration into its NVLink ecosystem and a strategic investment, reinforcing Marvell Technology’s role in next-generation AI infrastructure.”
Marvell Technology, Inc. (NASDAQ:MRVL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 79 hedge fund portfolios held Marvell Technology, Inc. (NASDAQ:MRVL) at the end of the first quarter, compared to 85 in the previous quarter. In the first quarter of fiscal 2027, Marvell Technology, Inc. (NASDAQ:MRVL) reported record revenue of $2.418 billion reflecting 9% sequential and 28% year over year growth. While we acknowledge the risk and potential of Marvell Technology, Inc. (NASDAQ:MRVL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Marvell Technology, Inc. (NASDAQ:MRVL) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Marvell Technology, Inc. (NASDAQ:MRVL) and shared the list of AI stocks that are surging. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
