The BBH Select Series – Mid Cap Fund has divested its entire position in Globant S.A. (GLOB), a move confirmed in its Q3 2025 portfolio disclosure. The exit signals a shift in the fund’s approach to mid-cap technology stocks, particularly in the software services sector.
- BBH Select Series – Mid Cap Fund fully divested its position in Globant S.A. (GLOB) during Q3 2025.
- GLOB’s stock rose over 40% year-to-date through September 2025 before the fund’s exit.
- The fund’s decision reflects a strategic reassessment of mid-cap software services exposure.
- GLOB closed at $112.30 on the day following the filing, with a 0.8% decline.
- The exit may prompt reassessment by other investors, though the fund is not a major market player.
- Factors cited may include valuation concerns, margin sustainability, and competitive dynamics.
The BBH Select Series – Mid Cap Fund has fully exited its holdings in Globant S.A. (GLOB), according to its latest quarterly filing. The decision marks a complete divestment of the fund’s stake, which had been a part of its portfolio since at least Q1 2024. While the exact number of shares sold or the timing within Q3 is not publicly disclosed, the full disposition indicates a deliberate strategic reassessment of the investment's long-term outlook. The fund’s exit from GLOB comes amid broader recalibrations in its technology sector exposure. Globant, a software and digital transformation services provider headquartered in Argentina with a significant U.S. client base, had seen its stock appreciate over 40% year-to-date through September 2025, reflecting strong demand for outsourced tech services. However, the fund’s decision to exit suggests concerns over valuation, margin sustainability, or competitive pressures in the mid-cap software space. The move may influence investor sentiment around GLOB, especially among retail and smaller institutional traders who track fund activity for signals. While the BBH Select Series – Mid Cap Fund is not among the largest mutual funds or ETFs in the U.S., its exit from a high-growth mid-cap stock could prompt other investors to review their own positions. The stock’s performance in the days following the filing remains stable, with GLOB trading at $112.30, down 0.8% on the day, reflecting measured market response. The fund’s realignment underscores increasing scrutiny on mid-cap tech firms post-pandemic, where growth expectations have tempered and margin pressures have intensified. As global economic headwinds persist, investors are favoring companies with stronger cash flow visibility and diversified client bases—factors that may have influenced BBH’s decision.