Brown Advisory’s Large-Cap Growth Strategy sold its entire stake in Fair Isaac Corporation during the first quarter of 2026, citing rising mortgage rates, new lower-priced alternatives from credit bureaus, and regulatory uncertainty that clouded the outlook for FICO’s mortgage-related business. The strategy noted that mortgage rates moving back above 6% and competitive pricing pressure reduced near-term visibility, even though FICO remains a high-quality franchise. The exit came amid a 31.51% decline in FICO shares over the prior 52 weeks, with the stock closing at $1,270.83 on July 2, 2026, for a market capitalization of $29.47 billion. The strategy’s overall portfolio modestly trailed the Russell 1000 Growth Index in the quarter, with Information Technology and Health Care the largest detractors, while Industrials and Consumer Discretionary contributed positively.
Fair Isaac CorporationRising mortgage rates and lower-priced alternatives from credit bureaus reduce demand for FICO's mortgage-related scoring services.
MicroStrategy Incorporated