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Brown Advisory Global Leaders Strategy Fund Exited Autodesk (ADSK) in June, Citing AI Substitution Risk and Intensifying Competition
The investment management company stated in its Q2 2026 investor letter that it sold Autodesk shares due to concerns that world models could replace large parts of the 3D creation stack, alongside heavy investment by physical-AI startups like Jeff Bezos' Prometheus. The fund reallocated capital to Nvidia and Progressive Corporation.
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