In its second-quarter 2026 investor letter, Brown Advisory Global Leaders Strategy Fund highlighted stocks like Autodesk, Inc. (NASDAQ:ADSK).
Autodesk, Inc. (NASDAQ:ADSK) develops design and engineering software used by professionals across architecture, construction, manufacturing, and media industries
The one-month return of Autodesk, Inc. (NASDAQ:ADSK) was 17.37% while its shares traded between $185.50 and $329.09 over the last 52 weeks. On August 7, 2026, Autodesk, Inc. (NASDAQ:ADSK) stock closed at approximately $242.47 per share, with a market capitalization of about $52.59 billion. Brown Advisory Global Leaders Strategy Fund stated the following regarding Autodesk, Inc. (NASDAQ:ADSK) in its Q2 2026 investor letter: We exited Autodesk, Inc. (NASDAQ:ADSK) in June.
Since our first-quarter drawdown review, we have continued our research and discussions around substitution risk for Autodesk, with a particular focus on the potential impact of world models replacing large parts of the 3D creation stack. At the same time, we have seen physical-AI startups, such as Jeff Bezos’ Prometheus, investing heavily in developing engineering-grade physical models. (Prometheus closed a successful funding round in June, valuing the company at a level broadly comparable to Autodesk’s market capitalization.) The competitive environment for Autodesk is intensifying. As we see substitution risk increasing and the range of outcomes for software companies widening, we have decided to allocate capital elsewhere, funding our initiations in Nvidia and Progressive Corporation