Brown Advisory

BA Beutel Goodman World Value Fund

Global Mega-cap Value

Mar 2026Mar 2026

Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 19 companies. Every quote below is copied verbatim from the letter it came from.

1 letter in a year follow all of Brown Advisory for every strategy.

What it bought and sold

  • TrimmedGSKMar 2026
    We completed process-driven, one-third sales during the period as DBS, GSK, Amgen and SMC as the stocks reached our target prices.
  • ExitedVersant MediaMar 2026
    We also sold all shares in Versant Media, a spin-out from our holding in Comcast.
  • AddedNetAppMar 2026
    We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.
  • TrimmedApplied MaterialsMar 2026
    We also trimmed our positions in Omnicon, Applied Materials, Roche and Comcast
  • TrimmedSMCMar 2026
    We completed process-driven, one-third sales during the period as DBS, GSK, Amgen and SMC as the stocks reached our target prices.
  • New positionBrookfield Asset ManagementMar 2026
    During the quarter, we initiated positions in Union Pacific, Brookfield Asset Management, Sysco and Becton Dickinson.
  • AddedCarlsbergMar 2026
    We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.
  • New positionBecton DickinsonMar 2026
    During the quarter, we initiated positions in Union Pacific, Brookfield Asset Management, Sysco and Becton Dickinson.
  • New positionSyscoMar 2026
    During the quarter, we initiated positions in Union Pacific, Brookfield Asset Management, Sysco and Becton Dickinson.
  • AddedElevance HealthMar 2026
    We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.
  • AddedMichelinMar 2026
    We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.
  • TrimmedRocheMar 2026
    We also trimmed our positions in Omnicon, Applied Materials, Roche and Comcast
  • AddedWells FargoMar 2026
    We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.
  • New positionUnion PacificMar 2026
    During the quarter, we initiated positions in Union Pacific, Brookfield Asset Management, Sysco and Becton Dickinson.
  • AddedQualcommMar 2026
    We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.
  • AddedEuronextMar 2026
    We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.
  • TrimmedComcastMar 2026
    We also trimmed our positions in Omnicon, Applied Materials, Roche and Comcast

Its investment theses

Every letter