Brown Advisory’s “Brown Advisory Large-Cap Growth Strategy” investor letter for Q3 2025 returned -0.88%, underperforming the Russell 1000 Growth Index. The portfolio’s AI exposure couldn’t offset the drag from underweighting speculative trades. Check the fund’s top five picks for 2025.

Apple Inc. (NASDAQ:AAPL) featured in Brown Advisory’s Q3 letter with 5.33% one-month return. AAPL shares rose by 16.91% over the past year, closing at $284.15/share on December 3, 2025, with a market cap of $4.2 trillion.

AAPL contributed to Brown Advisory’s Q3 performance but wasn’t held due to growth criteria mismatches. Although consensus estimates suggest modest growth, AAPL remains popular among hedge funds with 166 portfolios holding the stock by the end of Q3. AAPL’s September quarter revenue rose by 8% year-over-year to $102.5 billion.

Read more at Yahoo Finance: Here’s Why Apple (AAPL) is on the Detectors List of Brown Advisory Large-Cap Growth Strategy