Brown Advisory's Large-Cap Growth Strategy initiated a new position in Axon Enterprise during the first quarter of 2026, taking advantage of a broader sell-off in software to buy into the public-safety technology company. The strategy noted Axon's strong demand for mission-critical solutions and growing revenue from AI-enabled products like its DraftOne platform. Axon's revenue grew 34% year-over-year to $807 million in the first quarter, and the stock closed at $593.96 per share on July 1, 2026, with a market capitalization of $47.87 billion. The Brown Advisory Large-Cap Growth Strategy declined in the quarter, modestly trailing the Russell 1000 Growth Index, but relative performance improved as the period progressed, with Industrials and Consumer Discretionary contributing positively while Information Technology and Health Care detracted.
Axon Enterprise Inc.Brown Advisory initiated a position citing strong demand for mission-critical solutions and growing revenue from AI-enabled products like DraftOne.
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