Brown Advisory Mid-Cap Growth Strategy Bets on Medline (MDLN) in IPO

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The market data on this page is currently delayed.Soumya EswaranTue, March 24, 2026 at 6:34 AM PDT 2 min readBrown 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 stocks like Medline Inc. (NASDAQ:MDLN). Medline Inc. (NASDAQ:MDLN) is a healthcare company that manufactures med-surg products for hospitals, surgery centers, physician offices, post-acute facilities, and nursing home sites of care. On March 23, 2026, Medline Inc. (NASDAQ:MDLN) stock closed at $42.48 per share. The one-month return of Medline Inc. (NASDAQ:MDLN) was -15.02%, and YTD its shares gained 1.14%. Medline Inc. (NASDAQ:MDLN) has a market capitalization of $34.479 billion.Brown Advisory Mid-Cap Growth Strategy stated the following regarding Medline Inc. (NASDAQ:MDLN) in its fourth quarter 2025 investor letter:"After following the company for years, we purchased shares of Medline Inc.'s (NASDAQ:MDLN) IPO in the quarter and subsequently added to our position. Medline is a differentiated business offering exposure to both medical technology demand and provider volumes through its vertically integrated manufacturing and distribution platform. The data from its scaled distribution business informs the higher margin manufacturing business, a key competitive advantage."Medline Inc. (NASDAQ:MDLN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 58 hedge fund portfolios held Medline Inc. (NASDAQ:MDLN) at the end of the fourth quarter. While we acknowledge the potential of Medline Inc. (NASDAQ:MDLN) 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 DashboardMore InfoWeʼre unable to load stories right now.Trending tickersROKU Roku, Inc. 96.46 -1.35 (-1.38%)QS QuantumScape Corporation 6.96 -0.09 (-1.28%)ASML ASML Holding N.V. 1,367.81 -1.81 (-0.13%)EL The Estée Lauder Companies Inc. 73.06 -6.22 (-7.85%)UGRO urban-gro, Inc. 7.32 +1.17 (+19.03%)PortfolioSign in to access your portfolioSign inTop gainersWRD WeRide Inc. 7.61 +0.69 (+9.97%)AAOI Applied Optoelectronics, Inc. 103.22 +7.46 (+7.79%)VG Venture Global, Inc. 17.09 +1.28 (+8.10%)AXTI AXT, Inc. 69.57 +5.19 (+8.06%)BTU Peabody Energy Corporation 38.09 +2.72 (+7.67%)Top losersIBRX ImmunityBio, Inc. 8.02 -1.38 (-14.68%)WSO Watsco, Inc. 354.67 -30.81 (-7.96%)TEAM Atlassian Corporation 68.48 -5.93 (-7.97%)ALM Almonty Industries Inc. 15.49 -1.44 (-8.51%)FUBO FuboTV Inc. 12.24 -0.96 (-7.27%)Most activeEXAS Exact Sciences Corporation 104.91 0.00 (0.00%)CFLT Confluent, Inc. 30.99 0.00 (0.00%)SMCI Super Micro Computer, Inc. 21.97 +0.38 (+1.76%)IBRX ImmunityBio, Inc. 8.02 -1.38 (-14.68%)NVDA NVIDIA Corporation 175.45 -0.23 (-0.13%)Top economic eventsTop economic eventsEarnings eventsMy earnings eventsEarnings events