Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes that the Strategy underperformed in 2025 because it did not own Palantir Technologies Inc (PLTR). The Strategy focuses on achieving solid risk-adjusted returns by investing in high-quality compounders with fair valuations and market capitalizations between $2 billion and $50 billion at the time of purchase. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Brown Advisory Mid-Cap Growth Strategy highlighted stocks like Expedia Group, Inc. (NASDAQ:EXPE). Expedia Group, Inc. (NASDAQ:EXPE) is an American online travel company that operates through B2C, B2B, and trivago segments. On March 23, 2026, Expedia Group, Inc. (NASDAQ:EXPE) stock closed at $236.65 per share. One-month return of Expedia Group, Inc. (NASDAQ:EXPE) was 19.45%, and its shares gained 33.81% over the past 52 weeks. Expedia Group, Inc. (NASDAQ:EXPE) has a market capitalization of $29 billion.
Brown Advisory Mid-Cap Growth Strategy stated the following regarding Expedia Group, Inc. (NASDAQ:EXPE) in its fourth quarter 2025 investor letter:
“We took advantage of a sector-wide selloff driven by concerns around AI-related disintermediation to initiate a position in Expedia Group, Inc. (NASDAQ:EXPE), one of the fastest growing online travel agencies due to consistent double-digit growth in its leading B2B business.”
Expedia Group, Inc. (NASDAQ:EXPE) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 70 hedge fund portfolios held Expedia Group, Inc. (NASDAQ:EXPE) at the end of the fourth quarter, up from 63 in the previous quarter. While we acknowledge the risk and potential of Expedia Group, Inc. (NASDAQ:EXPE) 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 Expedia Group, Inc. (NASDAQ:EXPE) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Expedia Group, Inc. (NASDAQ:EXPE) and shared the list of stocks with consistent growth to buy. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. This article is originally published at Insider Monkey.
