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 Everpure, Inc. (NYSE:PSTG). Everpure, Inc. (NYSE:PSTG) is a technology company, formerly known as Pure Storage, that provides data storage and management technologies, products, and services. On March 23, 2026, Everpure, Inc. (NYSE:PSTG) stock closed at $64.46 per share. One-month return of Everpure, Inc. (NYSE:PSTG) was -4.81%, and its shares gained 21.69% over the past 52 weeks. Everpure, Inc. (NYSE:PSTG) has a market capitalization of $21.283 billion.

Brown Advisory Mid-Cap Growth Strategy stated the following regarding Everpure, Inc. (NYSE:PSTG) in its fourth quarter 2025 investor letter:

"Dollar turnover remained elevated during the fourth quarter and full year as we stuck to our process and our price targets. Name turnover remained consistent with our three to five-year investment time horizon during the year at 26%. During the fourth quarter, we found several opportunities to lean back into holdings that we trimmed or sold earlier in the year due to valuation, including Everpure, Inc. (NYSE:PSTG). In fact, the large swings in PSTG’s share price illustrate why dollar-based turnover has been elevated. The all-flash storage array maker enjoyed accelerating sales growth the last few quarters as more enterprises and hyperscalers adopted its superior storage solutions. Fundamentals have been in-line or better than our expectations. Nonetheless, despite consistently solid results, PSTG’s share price, as shown below, has taken a wild ride."

Everpure, Inc. (NYSE:PSTG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 53 hedge fund portfolios held Everpure, Inc. (NYSE:PSTG) at the end of the fourth quarter, up from 48 in the previous quarter. In Q4 2025, Everpure, Inc. (NYSE:PSTG) total revenue surpassed $1 billion for the first time, representing 20% year-over-year growth. While we acknowledge the potential of Everpure, Inc. (NYSE:PSTG) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Everpure, Inc. (NYSE:PSTG) and shared a list of best computer hardware stocks to buy for the long term. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.