The firm exited TTD at $19.10 as software sector weakness weighed on its Large-Cap Growth Strategy performance.
Brown Advisory removed The Trade Desk (NASDAQ:TTD) from its Large-Cap Growth Strategy during Q1 2026, citing sector pressures. TTD closed at $19.10 on July 2, 2026, valuing the company at $8.98 billion.
The strategy underperformed the Russell 1000 Growth Index in Q1, dragged by Information Technology and Health Care. Software sector concerns, driven by AI disruption fears, contributed to the decision. Industrials and Consumer Discretionary offset some losses.
The fund emphasized maintaining a diversified portfolio of high-quality growth stocks for long-term returns, despite short-term volatility.