Here’s Why BBH Select Series – Mid Cap Fund Decided to Sell Globant S.A. (GLOB) in Q3

Brown Brothers Harriman, an investment management company, released its Q3 2025 investor letter for the BBH Select Series – Mid Cap Fund. A copy of the same can be downloaded here. In the quarter, the fund decreased by -0.9% on a total return basis compared to the Russell Midcap Index’s 5.3% return. The Fund has decreased by a total return of -1.8%, YTD, compared to 10.4% for the Index. The third quarter experienced a boost in the low-quality rally that started late last year and gained momentum throughout 2025. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its third-quarter 2025 investor letter, BBH Select Series – Mid Cap Fund highlighted stocks such as Globant S.A. (NYSE:GLOB). Globant S.A. (NYSE:GLOB) is a Luxembourg-based technology services company. The one-month return of Globant S.A. (NYSE:GLOB) was 11.28%, and its shares lost 68.83% of their value over the last 52 weeks. On December 09, 2025, Globant S.A. (NYSE:GLOB) stock closed at $68.74 per share, with a market capitalization of $3.028 billion.

BBH Select Series – Mid Cap Fund stated the following regarding Globant S.A. (NYSE:GLOB) in its third quarter 2025 investor letter:

“The Fund’s largest detractors to performance in the quarter were Shift4 Payments Inc. (Shift4), Globant S.A. (NYSE:GLOB), and Bruker Corp. (Bruker). We exited both Globant and Bruker during the quarter following sustained underperformance and to opportunistically harvest tax losses. These two companies have been our most impacted by tariffs and life science and academic funding cuts, and any re-entry would be predicated on a stabilization in performance.

Globant S.A. (NYSE:GLOB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Globant S.A. (NYSE:GLOB) at the end of the third quarter, which was 26 in the previous quarter. Globant S.A. (NYSE:GLOB) generated revenues of $617.1 million in Q3 2025, up 0.4% year over year and 0.5% sequentially. While we acknowledge the potential of Globant S.A. (NYSE:GLOB) 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 the best short-term AI stock.

In another article, we covered Globant S.A. (NYSE:GLOB) and shared Harding Loevner Global Equity Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.