Here’s Why BBH Select Series – Mid Cap ETF Sold NVR (NVR) in Q4
Brown Brothers Harriman, an investment management company, released its Q4 2025 investor letter for the BBH Select Series – Mid Cap ETF. A copy of the letter is available for download here. In the quarter, the ETF decreased by 3.9% on a total return basis compared to the Russell Midcap Index’s 0.2% return. The year was characterized by the outperformance of unprofitable and highly volatile companies. Healthcare and materials were the top-performing sectors in the fourth quarter, while communication services and real estate were down. The firm is confident that the market will eventually return its focus to financial fundamentals, such as profitability and cash flow. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, BBH Select Series – Mid Cap Fund emphasized stocks such as NVR, Inc. (NYSE:NVR). Headquartered in Reston, Virginia, NVR, Inc. (NYSE:NVR) is a home builder that operates through Homebuilding and Mortgage Banking segments. On March 10, 2026, NVR, Inc. (NYSE:NVR) stock closed at $6,783.24 per share. One-month return of NVR, Inc. (NYSE:NVR) was -16.23%, and its shares lost 7.72% over the past 52 weeks. NVR, Inc. (NYSE:NVR) has a market capitalization of $19.261 billion.
BBH Select Series – Mid Cap Fund stated the following regarding NVR, Inc. (NYSE:NVR) in its fourth quarter 2025 investor letter:
"We initiated one new position in the fourth quarter in Tradeweb Markets Inc. (Tradeweb) and exited one position in NVR, Inc. (NYSE:NVR).
NVR, Inc. (NYSE:NVR) is not on our list of 40 Most Popular Stocks Among Hedge Funds. According to our database, 50 hedge fund portfolios held NVR, Inc. (NYSE:NVR) at the end of the fourth quarter, up from 46 in the previous quarter. While we acknowledge the potential of NVR, Inc. (NYSE:NVR) 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 thebest short-term AI stock.
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