Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, Artisan Mid Cap Fund. This analysis is provided for institutional research purposes only and is not investment advice.
"Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capitalized on macroeconomic volatility to deploy capital into high-quality growth franchises in AI, tech infrastructure, and healthcare."
Artisan Mid Cap Fund posted strong double-digit absolute returns for Q2 2025, but underperformed its benchmark, the Russell Midcap Growth Index, primarily due to an intentional decision not to hold index-heavyweight Palantir Technologies. The managers justified this omission through strict adherence to valuation discipline (noting Palantir's 100X sales multiple) and business opacity. Strong positive performance came from IT and Internet holdings, including Snowflake, Roblox, and Spotify. During the quarter, the fund actively initiated new 'Garden' positions in RBC Bearings, BWX Technologies, and Duolingo. It fully exited Chipotle, Saia, and Dick’s Sporting Goods on disrupted fundamental theses. Despite macro tariff threats and geopolitical escalations in the Middle East, the managers are constructive and continue to utilize market corrections to buy high-conviction growth assets.
Sign in or create a free account to unlock full commentary, extracted equity pitches, and direct outbound manager source links with your 3 quarterly credits.
Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Growth Outlook
Market outlook remains above average conviction: Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Risk Appetite
Risk appetite posture is above average conviction: Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Forward Guidance
Forward guidance signal: Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Language Signal
Tone analysis indicates high conviction language: Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Perceived Risk
Perceived risk level is evaluated as above average conviction. Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
Time Horizon
Investment time horizon reflects a high conviction orientation. Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir. Management capit...
