TCW Concentrated Large Cap Growth Fund noted in its Q2 2026 investor letter that cybersecurity technology company CrowdStrike Holdings (CRWD) reported robust quarterly results, including $256 million in annual net new ARR (up 32% year-over-year), a non-GAAP operating margin of 24% (up 6% year-over-year), and free cash flow of $469 million (up 67% year-over-year). Management subsequently raised its forward guidance. The fund believes that as AI agents become more prevalent, the increased risk of cyberattacks will drive growth in cybersecurity spending, and maintains a constructive view on CrowdStrike's stock. As of August 12, CRWD's stock price has increased by 10.07% over the past month and 111.168% over the past 52 weeks.