The Brown Advisory U.S. Flexible Equity strategy aims to achieve capital growth. The investment team searches across a broad investment universe to find attractive or improving businesses trading at prices that the manager believes do not reflect their favorable fundamentals. We do not limit our investment universe by exclusively investing in fast growing companies or by focusing only on companies that trade on cheap multiples and are represented in a value index. In our view, “value” can be found even in growthy companies as long as the stock is trading below its intrinsic value. We like to refer to our investment approach as having a “value philosophy”, which is distinct from a “value style” of investing. Simply put, we are looking to invest in good businesses at bargain prices. The resulting portfolio consists of a moderately concentrated group of mid- and large-cap companies.

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The Portfolio Manager discusses the portfolio’s performance and positioning for the fourth quarter 2023, as well as his outlook for the strategy.

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Flexible Equity Strategy: Portfolio Manager Maneesh Bajaj Discusses His Investment Approach
We like to refer to our investment approach as having a “value philosophy”, which is distinct from a “value style” of investing. Simply put, we are looking to invest in good businesses at bargain prices.
Read now


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