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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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Gt(e,o.submitSearchBtn,m(m({},Kt),{label:null!==(t=n.i18n.root.SEARCH_TOOLTIP_WEB)&&void 0!==t?t:"Search the web",containerClass:"".concat(jt.tooltip," ").concat(jt.tooltip__web),tooltipParentElm:o.clearSearchBtn.parentElement}))}));var Jt="_yb_tdk4ba",Vt="_yb_hkd17a",$t="_yb_rtzclf",Xt="_yb_tdbhj6",Zt="_yb_de52ef",Qt="_yb_9hwrey",en="_yb_slc8ta",tn="_yb_bf0svp",nn="_yb_hjic9z";be("ybar-mod-adaptivenav",(function(e){var t=document.querySelector("#ybar-l1-more-menu ul"),n={moreDropDown:document.querySelector(".".concat(Jt)),moreBtn:document.querySelector(".".concat(Vt)),wrap:document.querySelector(".".concat(Xt)),moreSectionTitle:document.querySelectorAll(".".concat(Zt)),editionsCtaBtn:document.querySelector(".".concat(Qt)),editionsMenu:document.querySelector(".".concat(en)),closeBtn:document.querySelector(".".concat(tn)),moreMenuDropDownHeight:t?"".concat(t.offsetHeight+48,"px"):"0"};new 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Soumya EswaranTue, Sep 9, 2025, 4:08 PM 3 min readBrown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy underperformed its benchmark, the Russell Midcap® Growth Index, in the second quarter of 2025, which increased 18%. High tariff levels announced on Liberation Day triggered a sudden spike in the Volatility Index (VIX). However, fear quickly gave way to strong gains as tariffs were partially rolled back, and corporate first-quarter earnings showed resilience. In addition, please check the fund’s top five holdings to know its best picks in 2025.In its second-quarter 2025 investor letter, Brown Advisory Mid-Cap Growth Strategy highlighted stocks such as Cloudflare, Inc. (NYSE:NET). Cloudflare, Inc. (NYSE:NET) is a cloud services provider that delivers a range of services to businesses worldwide. The one-month return of Cloudflare, Inc. (NYSE:NET) was 7.71%, and its shares gained 183.71% of their value over the last 52 weeks. On September 08, 2025, Cloudflare, Inc. (NYSE:NET) stock closed at $217.92 per share, with a market capitalization of $75.941 billion.Brown Advisory Mid-Cap Growth Strategy stated the following regarding Cloudflare, Inc. (NYSE:NET) in its second quarter 2025 investor letter:"Cloudflare, Inc. (NYSE:NET) has capitalized on its leading global Content Delivery Network (CDN)—a distributed system of servers that stores and delivers content efficiently to end users—to build a strong cybersecurity business. The company is now in the early stages of scaling its third product initiative: 'Workers,' a serverless edge computing platform that enables developers to run lightweight applications close to users for improved performance and cost efficiency. We see significant growth potential in Cloudflare’s core CDN and security businesses, and believe it stands to benefit meaningfully from the rise of modern application development in fast-growing sectors like AI."Energy Transfer LP (ET): Among Billionaire Bruce Berkowitz’s Stock Picks with Highest Upside PotentialCloudflare, Inc. (NYSE:NET) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 59 hedge fund portfolios held Cloudflare, Inc. (NYSE:NET) at the end of the second quarter, which was 65 in the previous quarter. Cloudflare, Inc.’s (NYSE:NET) revenue for the second quarter increased 28% year-over-year to $512.3 million. While we acknowledge the potential of Cloudflare, Inc. (NYSE:NET) 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.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,532.04 +19.43 (+0.30%)Dow 3045,490.92 -220.42 (-0.48%)Nasdaq21,886.06 +6.57 (+0.03%)Russell 20002,378.01 -3.81 (-0.16%)VIX15.35 +0.31 (+2.06%)Gold3,680.40 -1.80 (-0.05%)PortfolioSign in to access your portfolioSign inTop gainersORCL Oracle Corporation 328.33 +86.82 (+35.95%)TVTX Travere Therapeutics, Inc. 27.31 +5.67 (+26.20%)SOC Sable Offshore Corp. 24.59 +4.53 (+22.58%)CRWV CoreWeave, Inc. 117.14 +16.92 (+16.88%)BE Bloom Energy Corporation 62.96 +7.96 (+14.47%)Top losersQMMM QMMM Holdings Limited 109.50 -97.50 (-47.10%)SNPS Synopsys, Inc. 387.78 -216.59 (-35.84%)NEXT NextDecade Corporation 8.09 -1.85 (-18.62%)RBRK Rubrik, Inc. 80.72 -17.78 (-18.05%)CHWY Chewy, Inc. 35.11 -6.99 (-16.60%)Most activeOPEN Opendoor Technologies Inc. 5.86 -0.25 (-4.09%)NIO NIO Inc. 5.72 -0.56 (-8.92%)NVDA NVIDIA Corporation 177.33 +6.57 (+3.85%)ORCL Oracle Corporation 328.33 +86.82 (+35.95%)AAL American Airlines Group Inc. 12.82 +0.06 (+0.47%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersKLAR Klarna Group plc 45.82 +5.82 (+14.55%)TTD The Trade Desk, Inc. 46.14 -6.26 (-11.95%)WLDS Wearable Devices Ltd. 5.18 +4.16 (+410.34%)SNPS Synopsys, Inc. 387.78 -216.59 (-35.84%)AVGO Broadcom Inc. 369.57 +32.90 (+9.77%)Top economic events